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Easing The Encumbered Subject: Security, Speculation, And Capitalist Subjectivity, Kevin S. Amidon, Daniel A. Krier 2016 Iowa State University

Easing The Encumbered Subject: Security, Speculation, And Capitalist Subjectivity, Kevin S. Amidon, Daniel A. Krier

Kevin S. Amidon

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Edited by Daniel Krier, Iowa State University and Mark P. Worrell, SUNY Cortland

Capitalisms’ Future: Alienation, Emancipation and Critique frames 21st century economic and social possibilities in a dialogue between two forms of critical social theory: Marx’s critique of political economy that analyzes capitalism and the critique of political psychology that analyzes authoritarianism. Contributions from social theorists in sociology, philosophy, and cultural studies are brought together to dissect and critique capitalist crises, left-liberalism, left-Thatcherism, resistance to risk-pooling, idealist philosophy, undemocratic social character, status wages and authoritarian spectacles. Throughout, Marx’s centrality to critical social theory ...


The Peculiar Role Of The Delaware Courts In The Competition For Corporate Charters, Jill E. Fisch 2016 University of Pennsylvania Law School

The Peculiar Role Of The Delaware Courts In The Competition For Corporate Charters, Jill E. Fisch

Jill Fisch

No abstract provided.


Teaching Corporate Governance Through Shareholder Litigation, Jill E. Fisch 2016 University of Pennsylvania Law School

Teaching Corporate Governance Through Shareholder Litigation, Jill E. Fisch

Jill Fisch

No abstract provided.


Class Action Reform: Lessons From Securities Litigation, Jill E. Fisch 2016 University of Pennsylvania Law School

Class Action Reform: Lessons From Securities Litigation, Jill E. Fisch

Jill Fisch

No abstract provided.


Estimating Risk Preferences In The Field, Levon Barseghyan, Francesca Molinari, Ted O'Donoghue, Joshua C. Teitelbaum 2016 Cornell University

Estimating Risk Preferences In The Field, Levon Barseghyan, Francesca Molinari, Ted O'Donoghue, Joshua C. Teitelbaum

Georgetown Law Faculty Publications and Other Works

We survey the literature on estimating risk preferences using field data. We concentrate our attention on studies in which risk preferences are the focal object and estimating their structure is the core enterprise. We review a number of models of risk preferences—including both expected utility (EU) theory and non-EU models—that have been estimated using field data, and we highlight issues related to identification and estimation of such models using field data. We then survey the literature, giving separate treatment to research that uses individual-level data (e.g., property insurance data) and research that uses aggregate data (e.g ...


Econometrics In The Courtroom, Daniel L. Rubinfeld 2016 Berkeley Law

Econometrics In The Courtroom, Daniel L. Rubinfeld

Daniel L. Rubinfeld

No abstract provided.


16-16 Focality And Asymmetry In Multi-Battle Contests, Subhashish M. Chowdhury, Dan Kovenock, David Rojo Arjona, Nathaniel Wilcox 2016 University of East Anglia

16-16 Focality And Asymmetry In Multi-Battle Contests, Subhashish M. Chowdhury, Dan Kovenock, David Rojo Arjona, Nathaniel Wilcox

ESI Working Papers

This article examines behavior in two-person constant-sum Colonel Blotto games in which each player maximizes the expected total value of the battlefields won. A lottery contest success function is employed in each battlefield. Recent experimental research on such games provides only partial support for Nash equilibrium behavior. We hypothesize that the salience of battlefields affects strategic behavior (the salient target hypothesis). We present a controlled test of this hypothesis – against Nash predictions – when the sources of salience come from certain asymmetries in either battlefield values or labels (as in Schelling (1960)). In both cases, subjects over-allocate the resource to the ...


Industrial Ecology Analysis Of The Potential For An Eastern Nebraska Industrial Symbiosis Network (Enisn): A Comparative Study, Bradley A. Behne 2016 University of Nebraska-Lincoln

Industrial Ecology Analysis Of The Potential For An Eastern Nebraska Industrial Symbiosis Network (Enisn): A Comparative Study, Bradley A. Behne

Dissertations & Theses in Natural Resources

The area of Eastern Nebraska north of Omaha, including the municipality of Blair is host to a collection of unique companies and industries. These industries, driven by the agricultural and urban economy of the area, as well as the geographic proximity to each other, make it an advantageous area to study the potential for a network where individual entities utilize the concept of industrial symbiosis. This potential network is referred to as the Eastern Nebraska Industrial Symbiosis Network (ENISN). Industrial symbiosis, a sub-set of industrial ecology, engages separate industries in a collaborative and collective approach, concerning itself with the flow ...


What Determines Public Pension Investment Risk-Taking Policy, Nancy Mohan, Ting Zhang 2016 University of Dayton

What Determines Public Pension Investment Risk-Taking Policy, Nancy Mohan, Ting Zhang

Nancy Mohan

State public pension plans, mostly defined benefit plans, cover pension benefits for 12.8 million active public employees and 5.9 million retirees and other annuitants. However, by the end of 2009, public pension plans had accumulated a total funding deficit of $697 billion (measured by the difference between actuarial pension assets and liabilities). On average, public pension funds cover 75 percent of their liabilities, but individual state results vary greatly.

The 2008 stock market crash strongly affected pension asset value in that equity allocation on average accounted for 56 percent of invested assets. The average 2009 pension asset beta ...


The Influence Of The Electric Supply Industry On Economic Growth In Less Developed Countries, Edward Richard Bee 2016 University of Southern Mississippi

The Influence Of The Electric Supply Industry On Economic Growth In Less Developed Countries, Edward Richard Bee

Dissertations

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 ...


Random Assignments On Preference Domains With A Tier Structure, LIU PENG, ZENG HUAXIA 2016 Singapore Management University

Random Assignments On Preference Domains With A Tier Structure, Liu Peng, Zeng Huaxia

Research Collection School Of Economics

We address a standard random assignment problem (Bogomolnaia and Moulin (2001)) and search forsd-strategy-proof, sd-efficient and sd-envy-free or equal-treatment-of-equals rules.Our main result is that on a connected domain (Sato (2013)),if there exists a rule satisfying these axioms, this domain is endowed with a restricted tier structure.Furthermore, we show that, on such a domain, the Probabilistic Serial rule is the unique rulethat satisfies these axioms.As an extension, we introduce outside options to the model, and establish the same characterizations.


Core Theory Finds The Line Between Firm And Market, Lester G. Telser 2016 University of Chicago

Core Theory Finds The Line Between Firm And Market, Lester G. Telser

Lester G Telser

An empty core describes that situation which a market cannot handle but which a firm can and does handle. Although economic theory uses the term firm to describe a business enterprise, partnerships and corporations are more accurate terms. Networks of circuits are corporations in this application of core theory. Circuits correspond to corporate subsidiaries. Owners of a corporation can buy or sell as many shares as they please in the organized stock market without the consent of other owners unlike a partnership. Let the votes of the owners of a corporation equal their value weighted share of the corporation’s ...


Multiple Openings And Competitiveness Of Forward Markets: Experimental Evidence, José Luis Ferreira, Praveen Kujal, Stephen Rassenti 2016 Universidad Carlos III de Madrid

Multiple Openings And Competitiveness Of Forward Markets: Experimental Evidence, José Luis Ferreira, Praveen Kujal, Stephen Rassenti

Economics Faculty Articles and Research

We test the competition enhancing effect of selling forward in experimental Cournot duopoly and quadropoly with multiple forward markets. We find that two forward periods yields competitive outcomes and that the results are very close to the predicted theoretical results for quantity setting duopolies and quadropolies. Our experiments lend strong support to the hypothesis that forward markets are competition enhancing. We then test a new market that allows for endogenously determined indefinitely many forward periods that only close when sellers coordinate on selling a zero amount in a forward market. We find that the outcomes under an endogenous close rule ...


Indirect Reciprocity, Resource Sharing, And Environmental Risk: Evidence From Field Experiments In Siberia, E. Lance Howe, James J. Murphy, Drew Gerkey, Colin Thor West 2016 University of Alaska, Anchorage

Indirect Reciprocity, Resource Sharing, And Environmental Risk: Evidence From Field Experiments In Siberia, E. Lance Howe, James J. Murphy, Drew Gerkey, Colin Thor West

ESI Publications

Integrating information from existing research, qualitative ethnographic interviews, and participant observation, we designed a field experiment that introduces idiosyncratic environmental risk and a voluntary sharing decision into a standard public goods game. Conducted with subsistence resource users in rural villages on the Kamchatka Peninsula in Northeast Siberia, we find evidence consistent with a model of indirect reciprocity and local social norms of helping the needy. When participants are allowed to develop reputations in the experiments, as is the case in most small-scale societies, we find that sharing is increasingly directed toward individuals experiencing hardship, good reputations increase aid, and the ...


Capturing Regulatory Reality: Stigler’S The Theory Of Economic Regulation, Christopher Carrigan, Cary Coglianese 2016 George Washington University

Capturing Regulatory Reality: Stigler’S The Theory Of Economic Regulation, Christopher Carrigan, Cary Coglianese

Faculty Scholarship

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, Felipe Balmaceda Assoc Prof. 2016 Diego Portales University

Optimal Task Assignments, Felipe Balmaceda Assoc Prof.

Felipe Balmaceda

This paper studies optimal task assignments in a risk neutral principal-agent model in which agents are compensated according to an aggregated performance measure. The main trade-off involved is one in which specialization allows the implementation of any possible effort profile, while multitasking constraint the set of implementable effort profiles. Yet, the implementation of any effort profile in this set is less expensive than that under specialization. The principal prefers multitasking to specialization except when tasks are complements and the output after success is small enough so that it is not second-best optimal to implement high effort in each task. This ...


A Cost Analysis Of Providing Vital Statistics Services By Iowa Local Government, Mark A. Edelman Dr., Brian L. Menz 2016 Iowa State University

A Cost Analysis Of Providing Vital Statistics Services By Iowa Local Government, Mark A. Edelman Dr., Brian L. Menz

Mark Edelman

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, Mark A. Edelman Dr. 2016 Iowa State University

Basic Commodity Programs: Understanding How They Work And Assessing 1990 Farm Bill Proposals, Mark A. Edelman Dr.

Mark Edelman

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, Mark A. Edelman, Daniel M. Otto 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

Mark Edelman

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, Mark A. Edelman 2016 Iowa State University

Economic Growth And Cooperative Enterprise Organization: Food For Thought And Perestroika In The Ussr, Mark A. Edelman

Mark 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.


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