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A Systematic Investigation Of The Effect Of Wildfire Events And Risks On Property Values, Qiuhua Ma 2019 University of New Mexico

A Systematic Investigation Of The Effect Of Wildfire Events And Risks On Property Values, Qiuhua Ma

Economics ETDs

Wildfires frequency and severity have been increasing in the western United States over the past few decades. This rising threat is caused by the accumulated fuel load, climate change, and the rapid expansion of housing in the wildland-urban interface (WUI). Since most mitigation and suppression costs are borne by taxpayers, policy analysts seek both market (e.g., protection and suppression cost) and non-market cost estimates of wildfires. As one tool, the hedonic pricing method is commonly used to investigate wildfire effects on property values. There are a variety of hedonic studies investigating wildfire, with mixed and/or inconsistent results. Model ...


Local Environmental Quality And Inter-Jurisdictional Spillovers, John W. Hatfield, Katrina Kosec 2019 Stanford University

Local Environmental Quality And Inter-Jurisdictional Spillovers, John W. Hatfield, Katrina Kosec

Katrina Kosec

We investigate the classic question of how the provision of a local publicly-provided good--air quality--varies with the degree of decentralization of policymaking. Exploiting exogenous variation in the natural topography of the United States to instrument for the number of local government jurisdictions in a metropolitan area, we show that areas with more jurisdictions have significantly lower air quality, and significantly higher concentrations of the toxic air pollutants most closely associated with cancer and non-cancer health risks. Moreover, we estimate that this increase in pollution lowers housing values by at least 3%. By contrast, local drinking water quality--a publicly-provided good not ...


The Sue-And-Settle Phenomenon: Its Impact On The Law, Agency, And Society, Katie L. Colton 2019 Utah State University

The Sue-And-Settle Phenomenon: Its Impact On The Law, Agency, And Society, Katie L. Colton

All Graduate Theses and Dissertations

Sue-and-settle is the name applied to a federal agency’s use of litigation to create policy outside of the normal regulatory process. This paper discusses the impact that the sue-and-settle policy has had on Congress, the judiciary, and the Environmental Protection Agency. Specifically, this paper will discuss the issues caused by the perception of collusion within the sue-and-settle policy. First, this paper examines whether a relationship occurs between the litigants. The paper then discusses whether the relationship between the litigants in sue-and-settle cases tends to be collusive or not. The second part of the paper examines how Congress, the Environmental ...


The Value Of Farmland: Mapping Assessor Data To Understand Land Use Change, Lyndi Perry 2019 Utah State University

The Value Of Farmland: Mapping Assessor Data To Understand Land Use Change, Lyndi Perry

All Graduate Theses and Dissertations

Ideas developed by regional economists have potential applications within the urban planning field. One potential application is toward conserving farmland, and within this thesis this topic is examined for the study area of Utah County, Utah. Using assessor data, a land value map is created and further used to develop a regional economic model and spatial models that were analyzed for patterns of land use change.

Findings show that representing land value as continuous surface maps is a useful approach. The maps reveal that Utah County has densified as its population increased while farmland loss still occurred in agriculturally-important areas ...


Untangling The Economic And Social Impediments To Producer Adoption Of Organic Wheat, Donya L. Ralph-Quarnstrom 2019 Utah State University

Untangling The Economic And Social Impediments To Producer Adoption Of Organic Wheat, Donya L. Ralph-Quarnstrom

All Graduate Theses and Dissertations

Consumer demand for organic products has shown double-digit growth in recent years encouraging the development of a wider range of goods (Greene, 2017). Americans with an annual household income under $30,000 actively purchase organic foods at nearly the same rate as households with over $75,000 in annual incomes, 42% versus 49% (Greene et al., 2017). Previous research observed the adoption of organic farming practices on a combination of different grains, fruits and vegetables, meat, and dairy products from across the globe. However, this is the first study to examine the adoption of organic wheat in the Western U ...


Kentucky Annual Economic Report 2019, Jenny Minier, William H. Hoyt, Michael T. Childress 2019 University of Kentucky

Kentucky Annual Economic Report 2019, Jenny Minier, William H. Hoyt, Michael T. Childress

Kentucky Annual Economic Report

This report is one of the important ways that the Center for Business and Economic Research fulfills its mission as specified in the Kentucky Revised Statutes (KRS 164.738) to examine various aspects of the Kentucky economy. The analysis and data presented here cover a variety of topics that range from an economic forecast for Kentucky in 2019 to a broad presentation of factors affecting the economy.


Neoliberal Urbanism As ‘Strategic Coupling’ To Global Chains: Port Infrastructure And The Role Of Economic Impact Studies, David Jaffee 2019 UNF

Neoliberal Urbanism As ‘Strategic Coupling’ To Global Chains: Port Infrastructure And The Role Of Economic Impact Studies, David Jaffee

Showcase of Faculty Scholarly & Creative Activity

Abstract This paper identifies and delineates a variant of neoliberal urbanism that grounds city-region economic development on the ability to gain financial and public support for large-scale infrastructure projects advancing particular forms of capital accumulation. More specifically, the focus is on the effort of city-regions to strategically exploit and expand geographic and physical assets to capture economic benefits associated with global value chains through the expansion of maritime ports. This development strategy requires sizable public investments in port infrastructure. In order to justify and convince the public and political officials of the wisdom of such investments, port officials commission economic ...


“The Current Crisis Of Us Neoliberal Capitalism And Prospects For A New ‘Social Structure Of Accumulation’.”, David Jaffee 2019 UNF

“The Current Crisis Of Us Neoliberal Capitalism And Prospects For A New ‘Social Structure Of Accumulation’.”, David Jaffee

Showcase of Faculty Scholarly & Creative Activity

Wage squeeze/profit squeeze crisis theories provide a powerful framework for the historical analysis of US capitalist crises and the alternating demand-side and supply-side social structures of accumulation (SSA). However, the current neoliberal SSA would seem to defy the logic of this model in its persistence in the face of a deep financial crisis and a failure to realize its espoused objectives. This paper reviews this theoretical model of economic crises, its relationship to and viability alongside the rise and establishment of neoliberalism, and some of the political and economic obstacles that would seem to prevent the construction of a ...


Disarticulation And The Crisis Of Neoliberalism In The United States, David Jaffee 2019 UNF

Disarticulation And The Crisis Of Neoliberalism In The United States, David Jaffee

Showcase of Faculty Scholarly & Creative Activity

Neoliberal policies instituted since the 1980s have transformed the United States economy in ways that have produced serious structural distortions in the basic operation of capitalism. Using Samir Amin’s concept of disarticulation, previously applied exclusively to the periphery of the world economy, this article argues that the twin and mutually reinforcing features of neoliberalism – global corporate restructuring and financialization – have now generated disarticulation in the core nations. This disarticulated structure is responsible for the economic stagnation and sharply unequal income/wealth distributional outcomes that characterize contemporary U.S. capitalism.


Trust And Retirement Preparedness: Evidence From Singapore, Benedict S.K. Koh, Olivia S. Mitchell, Joelle H. Fong 2019 Singapore Management University

Trust And Retirement Preparedness: Evidence From Singapore, Benedict S.K. Koh, Olivia S. Mitchell, Joelle H. Fong

Wharton Pension Research Council Working Papers

Trust is an essential component of the financial system, and distrust can undermine saving and economic growth. Accordingly, prior research has shown that survey responses to a question about ‘trust in people’ are associated with household willingness to invest in the stock market. Nevertheless, little is known about how trust shapes economic behaviors predictive of retirement preparedness. Our study draws on the Singapore Life Panel (SLP®), a high-frequency internet survey of people age 50-70, to assess how trust ties to older respondents’ (1) pension plan participation and withdrawals; (2) life, health and long-term care insurance purchases; and (3) stock market ...


Ambiguity Attitudes About Investments: Evidence From The Field, Kanin Anantanasuwong, Roy Kouwenberg, Olivia S. Mitchell, Kim Peijnenburg 2019 Mahidol University

Ambiguity Attitudes About Investments: Evidence From The Field, Kanin Anantanasuwong, Roy Kouwenberg, Olivia S. Mitchell, Kim Peijnenburg

Wharton Pension Research Council Working Papers

Using an incentivized survey and a representative sample of investors, we elicit ambiguity attitudes toward a familiar company stock, a local stock index, a foreign stock index, and a crypto currency. We separately estimate ambiguity aversion (ambiguity preferences) and perceived ambiguity levels (perceptions about ambiguity), while controlling for unknown likelihood beliefs. We show that ambiguity aversion is highly correlated across different assets and can be summarized by a single underlying factor. By contrast, individuals’ perceived ambiguity levels differ depending on the type of asset and cannot be summarized by a single underlying factor. Perceived ambiguity is mitigated by financial literacy ...


Using Networks And Econometrics To Identify Pathways For Population Health Improvement, Glen P. Mays 2019 University of Kentucky

Using Networks And Econometrics To Identify Pathways For Population Health Improvement, Glen P. Mays

Glen Mays

This lecture for Vanderbilt University's Health Policy Grand Rounds series describes research from the Robert Wood Johnson Foundation's Systems for Action program about multi-sector strategies for improving population health. Combining methods from network analysis and econometrics, we characterize the structure of multi-sector health networks and estimate their influence on health outcomes and healthcare spending over time.


How Technology Will Change Our Built Environment, Adie Tomer 2019 The Brookings Institution

How Technology Will Change Our Built Environment, Adie Tomer

Lectures/Events (BMW)

As part of the ongoing Brookings Scholar Lecture Series, Brookings Mountain West presented a lecture titled, "Digital Place: How Technology Will Change Our Built Environment" by Fellow in Metropolitan Policy, Adie Tomer on February 6, 2019. Digital technologies promise to upend nearly every component of the economy, including how we work, shop, travel, and even live inside our homes. There is too little conversation about how adoption of various technologies will interact with the current built environment and the policies that guide future investment. This lecture explores how the economy currently functions, where technology will transform economic functions, and how ...


Motherhood, Migration, And Self-Employment Of College Graduates, Zhengyu Cai, Heather M. Stephens, John V. Winters 2019 Southwestern University of Finance and Economics

Motherhood, Migration, And Self-Employment Of College Graduates, Zhengyu Cai, Heather M. Stephens, John V. Winters

Economics Working Papers

Women face unique challenges in starting and running their own businesses and may have differing motives to men for pursuing self-employment. Previous research suggests that married women with families value the flexibility that self-employment can offer, allowing them to balance their family responsibilities with their career aspirations. This may be especially true for college graduates, who tend to have more successful businesses. Access to childcare may also affect their labor force decisions. Using American Community Survey microdata, we examine how birth-place residence, a proxy for access to extended family and child care, relates to self-employment and hours worked for college-graduate ...


The Economic Impact Of The Health Sector On The Economy Of Appanoose County, Iowa, Daniel Otto, Georgeanne Artz 2019 Iowa State University

The Economic Impact Of The Health Sector On The Economy Of Appanoose County, Iowa, Daniel Otto, Georgeanne Artz

Economics Working Papers

The importance of medical and health facilities as community service providers is well

established, yet their role in generating significant economic impacts for the community is less often acknowledged. Health care facilities, such as hospitals and nursing homes, not only employ many people with a sizeable payroll, but also draw a large number of people from rural areas into the community for medical services. In this study, we attempt to identify and measure the economic importance of the health sector for the economy of Appanoose County, Iowa. The specific objectives of this report are to:

1. summarize the direct economic ...


Mildly Explosive Dynamics In U.S. Fixed Income Markets, Silvio Contessi, Pierangelo De Pace, Massimo Guidolin 2019 Monash Business School

Mildly Explosive Dynamics In U.S. Fixed Income Markets, Silvio Contessi, Pierangelo De Pace, Massimo Guidolin

Pomona Economics

We use a recently developed right-tail variation of the Augmented Dickey-Fuller unit root test to identify and date-stamp periods of mildly explosive behavior in the weekly time series of eight U.S. fixed income yield spreads between September 2002 and April 2018. We find statistically significant evidence of mildly explosive dynamics in six of these spreads, two of which are short/medium-term mortgage- related spreads. We show that the time intervals characterized by instability that we estimate from these yield spreads capture known episodes of financial and economic distress in the U.S. economy. Mild explosiveness migrates from short-term funding ...


Fishing Technologies: Specification And Estimation, Quinn Weninger, Larry Perruso, Helle Bunzel 2019 Iowa State University

Fishing Technologies: Specification And Estimation, Quinn Weninger, Larry Perruso, Helle Bunzel

Economics Working Papers

This paper consistently estimates the structural properties of a multiple-species fishing technology. Our approach overcomes two ubiquitous features of fisheries data generating processes that invalidate classical estimators: (1) unobservability, by the researcher, of the in situ fish stock, and (2) endogenous production decisions that vary with fishermen’s private information about stock abundance and other economic vari- ables. Our estimations obtain consistency by exploiting the timing of production de- cisions and the information available to fishermen when endogenous production scale and scope, i.e., targeting of individual species’, decisions are made. Our estimator adopts methods used in fisheries stock assessment ...


Regional Prevalence Of Health Worker Absenteeism In Tanzania, Tomoki FUJII 2019 Singapore Management University

Regional Prevalence Of Health Worker Absenteeism In Tanzania, Tomoki Fujii

Research Collection School Of Economics

Absenteeism of health workers in developing countries is common and can severely undermine the reliability of the health system. Therefore, it is important to understand where the prevalence of absenteeism is high. We develop a simple imputation method that combines a Service Delivery Indicators survey and a Service Provision Assessment survey to estimate the prevalence of absenteeism of health workers at the level of regions in Tanzania. The resulting estimates allow one to identify the regions in which the prevalence of absenteeism is significantly higher or lower than the national average and help policymakers determine priority areas for intervention.


Northwest Minnesota Economic And Business Conditions Report Second Quarter 2018, King Banaian, Richard MacDonald 2019 St. Cloud State University

Northwest Minnesota Economic And Business Conditions Report Second Quarter 2018, King Banaian, Richard Macdonald

Northwest Minnesota Economic and Business Conditions Report

Continued steady economic growth is expected in the Northwest Minnesota planning area over the next several months according to the predictions of the St. Cloud State University Northwest Minnesota Index of Leading Economic Indicators (LEI). Four of five index components increased in the most recent quarter as the LEI rose 2.26 points. An increase in the Rural Mainstreet Index (which signals a more robust macroeconomic environment for rural America) and a larger number of residential building permits in Fargo/ Moorhead and Grand Forks/East Grand Forks were among the positive components in this quarter’s leading index. A rise ...


Option Strangles: An Analysis Of Selling Equity Insurance, Clemens Kownatzki, Hisam Sabouni 2019 Pepperdine University

Option Strangles: An Analysis Of Selling Equity Insurance, Clemens Kownatzki, Hisam Sabouni

Graziadio Working Paper Series

Our results suggest, selling SPY strangles are generally profitable across a variety of widths. However, the payoff profile of a short option strangle exposes the contract seller to a potential for unlimited losses. Our evidence on maximum drawdowns indicates that losses on some positions can be the equivalent of the profits gained on approximately forty prior positions. This payoff profile has given rise to the metaphor of selling option contracts as the equivalent of “picking up nickels in front of a steam roller.” The goal of our paper is to analyze the full return characteristics of option strangles and to ...


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