The Influence Of The Electric Supply Industry On Economic Growth In Less Developed Countries, 2016 University of Southern Mississippi
The Influence Of The Electric Supply Industry On Economic Growth In Less Developed Countries, Edward Richard Bee
This study measures the impact that electrical outages have on manufacturing production in 135 less developed countries using stochastic frontier analysis and data from World Bank’s Investment Climate surveys. Outages of electricity, for firms with and without backup power sources, are the most frequently cited constraint on manufacturing growth in these surveys.
Outages are shown to reduce output below the production frontier by almost five percent in Africa and by a lower percentage in South Asia, Southeast Asia and the Middle East and North Africa. Production response to outages is quadratic in form. Outages also increase labor cost, reduce ...
An Agent-Based Model Of Trade With Distance-Based Transaction Cost, 2016 Surya Technologies, Inc.
An Agent-Based Model Of Trade With Distance-Based Transaction Cost, Kumar Venkat, Wayne W. Wakeland
Wayne W. Wakeland
This paper describes an application of agent-based modeling to investigate the effect of a distance-based transaction cost on trade. Long-distance trade is rapidly increasing, but may ultimately be constrained by our ability to move material goods between sellers and buyers. Unlike information exchange, trade in material goods is dependent on the price of oil and vulnerable to future scarcities of oil. In addition, there are growing concerns about greenhouse gas emissions from long-distance transportation. Our purpose in this study is to take the first step in understanding the impact of a distance constraint on free global trade using a simple ...
Capturing Regulatory Reality: Stigler’S The Theory Of Economic Regulation, 2016 George Washington University
Capturing Regulatory Reality: Stigler’S The Theory Of Economic Regulation, Christopher Carrigan, Cary Coglianese
This paper offers a retrospective assessment of economist George Stigler’s classic article, The Theory of Economic Regulation. Stigler argued that regulation is a product that, just like any other product, is produced in a market, and that it can be acquired from the governmental “marketplace” by business firms to serve their private interests and create barriers to entry for potential competitors. He challenged the idea that regulation arises solely to serve the public interest and demonstrated that important political advantages held by businesses can contribute to industry capture of the regulatory process. Although his argument was largely based on ...
Optimal Task Assignments, 2016 Diego Portales University
Optimal Task Assignments, Felipe Balmaceda Assoc Prof.
A Cost Analysis Of Providing Vital Statistics Services By Iowa Local Government, 2016 Iowa State University
A Cost Analysis Of Providing Vital Statistics Services By Iowa Local Government, Mark A. Edelman Dr., Brian L. Menz
This report is designed to foster discussion among citizens, leaders and policy makers regarding an important public issue of concern to Iowans. Iowa State University seeks to provide accurate research-based information on relevant issues and neither endorses nor opposes proposals regarding the issues analyzed. The research contained herein was conducted with partial support from the Iowa Agriculture and Home Economics Experiment Station (IAHEES), Iowa State University Extension (ISUE) and funding from the Iowa County Recorders Association. Funding from the Iowa County Recorders Association was solely used for providing research assistance with the understanding that the goal of the project was ...
Basic Commodity Programs: Understanding How They Work And Assessing 1990 Farm Bill Proposals, 2016 Iowa State University
Basic Commodity Programs: Understanding How They Work And Assessing 1990 Farm Bill Proposals, Mark A. Edelman Dr.
How has agricultural policy changed over the years? Prior to the closing of the western frontier and for the first,150 years of this nation's history, government involvement in agriculture was primarily limited - to: - (1): land ownership, .and settlement policy,' (2) scientific input., .and (3> basic regulations. So, the U-Sb essentially had a market oriented policy
Options Of State And Local Governments For Dealing With Shfits And Fiscal Stress: A Midwest Perspective, 2016 Iowa State University
Options Of State And Local Governments For Dealing With Shfits And Fiscal Stress: A Midwest Perspective, Mark A. Edelman, Daniel M. Otto
We live in a world of change. Nothing stays the sane forever. Communities and institutions are born. Some group and continue to group. Some nay experience decline. Some nay even die. Fiscal stress may' occur during the growth phase if the demand for community services expands faster than the capacity to deliver the services. However a different kind of fiscal stress occurs when the community's economic base erodes due to structural change in nature or declining industries like agriculture, mining, petroleum or labor-intensive manufacturing. This symposium is concerned more with the last type of stress.
Economic Growth And Cooperative Enterprise Organization: Food For Thought And Perestroika In The Ussr, 2016 Iowa State University
Economic Growth And Cooperative Enterprise Organization: Food For Thought And Perestroika In The Ussr, Mark A. Edelman
I am a Professor of Agricultural Economics and Public Policy at Iowa State University- ISU has S5,000 students and has been a world leader in agricultural research and development among the U.S. universities. Also, today I am representing Land O' Lakesj one of the largest agribusiness cooperatives in the United States. During the past four years, I have served as an advisory member of the Land O' Lakes Board of Directors. Therefore, let me review Land •' Lakes at a glance.
A Proposal To Establish A Joint Venture Among U.S. And Soviet Cooperatives, 2016 Iowa State University
A Proposal To Establish A Joint Venture Among U.S. And Soviet Cooperatives, Mark A. Edelman Dr.
-Significant Soviet political and economic restructuring is occurring- Soviet leaders are making public admissions that the command system of central planning instituted by Stalin is not resulting in the standard of living desired by Soviet citizens and perhaps more important, it has not generated economic growth for sustaining a long—term global leadership position.
Book Review: Aleman, Richard (Ed). The Hound Of Distributism: A Solution For Our Social And Economic Crisis, 2016 Portland State University
Book Review: Aleman, Richard (Ed). The Hound Of Distributism: A Solution For Our Social And Economic Crisis, Anthony Philip Stine
Hatfield Graduate Journal of Public Affairs
Aleman and the collected authors provide a starting point for investigating modern Distributist writings. Distributism is a 'third way' private property-based economic system focused on decentralization of power, a focus on family life and reconceptualizing our relationships between individuals, families, the state and large economic actors. Essays range from the topics of totalitarianism and big government to pastoralism and permaculture. Contributing authors include classic Distributists like GK Chesterton and modern writers such as Joseph Pearce, Dale Ahlquist, Philip Maxence and Ryan Grant. The selected authors present a snapshot of a theory that presents a means towards achieving sustainability through decentralization ...
Development Of Utility Theory And Utility Paradoxes, 2016 Lawrence University
Development Of Utility Theory And Utility Paradoxes, Timothy E. Dahlstrom
Lawrence University Honors Projects
Since the pioneering work of von Neumann and Morgenstern in 1944 there have been many developments in Expected Utility theory. In order to explain decision making behavior economists have created increasingly broad and complex models of utility theory. This paper seeks to describe various utility models, how they model choices among ambiguous and lottery type situations, and how they respond to the Ellsberg and Allais paradoxes. This paper also attempts to communicate the historical development of utility models and provide a fresh perspective on the development of utility models.
A Game Theoretic Analysis Of International Justice Disputes, 2016 Lawrence University
A Game Theoretic Analysis Of International Justice Disputes, Mishal Ayaz
Lawrence University Honors Projects
This paper works toward analyzing international justice disputes, through a game theoretic lens. The result of such an analysis is an accurate working model for the international justice dispute resolution process, limiting its scope to those disputes that fall under the International Court of Justice’s jurisdiction post 1986. This time limitation on the explanatory power of the model was deduced from all of the court’s findings since its inception. The game can be formed in four ways: perfect information, incomplete information, no information, and partial information, all of which have their own unique equilibria, which are formed and ...
Daniel Defoe’S Literary Economies: The Shifting Role Of Narrative Uncertainty, Speculation, And Providence In Robinson Crusoe And Roxana., Terese J. Swords
Lawrence University Honors Projects
In my honors project, I analyze how Daniel Defoe’s first novel, Robinson Crusoe (1719), and his last, Roxana (1724), offer shifting economic commentary regarding England’s emerging 18th century credit economy. This shift does not come as too much of a surprise, as his first and last novel straddle the historic moment of the South Sea Bubble’s burst. Therefore, Defoe’s works, when analyzed sequentially, capture the evolving attitude towards value and credit that was occurring throughout all of England.
In my first chapter, “Crusoe’s Post Facto Journal Editing: ‘How wonderfully we are delivered when we ...
The Impacts Of Monetary Policies On Inflation Rates In Sudan (1970–2014).Pdf, 2016 Department of Economics. Al Neelain University, Khartoum, Sudan
The Impacts Of Monetary Policies On Inflation Rates In Sudan (1970–2014).Pdf, Professor Issam A.W. Mohamed
Professor Issam A.W. Mohamed
Effect Of Non-Monetary Incentives On Women's Competitive Inclination: Experimental Evidence From Ancona, Italy, 2016 University of San Francisco
Effect Of Non-Monetary Incentives On Women's Competitive Inclination: Experimental Evidence From Ancona, Italy, Kalkidan Shebi
This study investigates how monetary incentives versus non-monetary incentives affect women’s decision to enter a competitive environment. This study was conducted in Ancona Italy, in a controlled laboratory experiment with a total of 60 participants; of which 29 were male and 31 were female. Participants were given mathematical addition problems to solve under alternative incentives. How they received these incentives differed based on their preference to enter or withdraw from the competition. The study also included components that assessed risk preferences and willingness to pay for the non-monetary incentive in the experiment. Results show no significant difference in performance ...
Geospatial Modeling Of Vietnamese Fdi, 2016 CUNY Hunter College
Geospatial Modeling Of Vietnamese Fdi, Cuong Nguyen Tien
School of Arts & Sciences Theses
This thesis sets a goal to analyze and project geographically disaggregated measures of FDI using aggregate data. We regress the country level FDI with aggregate, fine geospatial data on GDP, urban extent, and risk. By disaggregating the model, we will predict the FDI flow in every 1000 square kilometer area.
Essays On Economic Decision Making, 2016 Washington University in St. Louis
Essays On Economic Decision Making, Hee Chun Kim
Arts & Sciences Electronic Theses and Dissertations
My dissertation consists of three chapters and I take different approach in each chapter to investigate economic decision making behavior. The first chapter analyzes individuals strategic decisionmaking when players have replaceable identities and private information in a repeated prisoners dillmma game. The second chapter studies individuals non-strategic decision making when she has incomplete information about her underlying preference in a sequential choice situation. The third chapter experimentally examines a link between an individuals strategic thinking and nonstrategic decision making in a setting designed to elicit beliefs about independent random variables.
In the first chapter, I focus on strategic decision making ...
16-10 Mean-Dispersion Preferences With A Specific Dispersion Function, 2016 Chapman University
16-10 Mean-Dispersion Preferences With A Specific Dispersion Function, Mark Schneider, Manuel Nunez
ESI Working Papers
A popular approach to modeling ambiguity aversion is to decompose preferences into the subjective expected utility of an act and an ambiguity index, or an adjustment factor, or a dispersion function. However, in these approaches the dispersion function (or ambiguity index, or adjustment factor) has very little structure imposed on it, leaving the selection of a specific dispersion function in applications to be rather arbitrary. In this note, working in the Anscombe- Aumann (1963) framework, we provide a simpler axiomatic characterization of mean-dispersion preferences which uniquely identifies the dispersion function from the infinite class of possible alternatives. Given the representation ...
16-09 Designing Contests Between Heterogeneous Contestants: An Experimental Study Of Tie-Breaks And Bid-Caps In All-Pay Auctions, 2016 Queen Mary University of London
16-09 Designing Contests Between Heterogeneous Contestants: An Experimental Study Of Tie-Breaks And Bid-Caps In All-Pay Auctions, Aniol Llorente-Saguer, Roman M. Sheremeta, Nora Szech
ESI Working Papers
A well-known theoretical result in the contest literature is that greater heterogeneity decreases performance of contestants because of the “discouragement effect.” Leveling the playing field by favoring weaker contestants through bid-caps and favorable tie-breaking rules can reduce the discouragement effect and increase the designer’s revenue. We test these predictions in an experiment. Our data show that indeed, strengthening weaker contestants through tie-breaks and bid-caps significantly diminishes the discouragement effect. Bid-caps can also improve revenue. Most deviations from Nash equilibrium can be explained by the level-k model of reasoning.
On The Behavior Of Entrepreneurial Factor Supply To The Firm, 2016 University of Westminster
On The Behavior Of Entrepreneurial Factor Supply To The Firm, Nicos Zafiris
The Journal of Entrepreneurial Finance
This paper draws on an existing, but little used, approach to the choices governing the supply of ‘entrepreneurial’, in the sense of ‘residually remunerated’, resources to an enterprise, especially post start up. It focuses in particular on the hybrid ‘own factor demand/supply curve’ to the firm of Bronfenbrenner (1960), but attempts to treat such supply in conjunction with ‘contractual’ employment of resources, thus making use of gearing and portfolio concepts. To achieve this, it is found necessary for the hybrid schedule to be reinterpreted and recast as the locus of the relevant utility maximising choices. A model is presented ...