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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 ...


An Agent-Based Model Of Trade With Distance-Based Transaction Cost, Kumar Venkat, Wayne W. Wakeland 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, 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.


A Proposal To Establish A Joint Venture Among U.S. And Soviet Cooperatives, Mark A. Edelman Dr. 2016 Iowa State University

A Proposal To Establish A Joint Venture Among U.S. And Soviet Cooperatives, Mark A. Edelman Dr.

Mark Edelman

-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, Anthony Philip Stine 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, Timothy E. Dahlstrom 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, Mishal Ayaz 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 2016 Lawrence University

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, Professor Issam A.W. Mohamed 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

"> The current paper investigates the role of fiscal and monetary policies on inflation in Sudan for the
period (1970-2014). The study assessed the impact of money supply, exchange rate, gross domestic product
(GDP), budget deficit and government expenditure on inflation. It has adopted a descriptive and analytical
method to achieve the goal. In particular, it has relied on empirical investigation based on descriptive statistic
and econometric modelling.
The results shows that several monetary, fiscal and structural factors, namely, money supply, budget deficit and
shrinking of gross domestic product are simultaneously influencing inflation in Sudan. While exchange rate and
government expenditure ...


Effect Of Non-Monetary Incentives On Women's Competitive Inclination: Experimental Evidence From Ancona, Italy, Kalkidan Shebi 2016 University of San Francisco

Effect Of Non-Monetary Incentives On Women's Competitive Inclination: Experimental Evidence From Ancona, Italy, Kalkidan Shebi

Master's Theses

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, Cuong Nguyen Tien 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, Hee Chun Kim 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, Mark Schneider, Manuel Nunez 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, Aniol Llorente-Saguer, Roman M. Sheremeta, Nora Szech 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, Nicos Zafiris 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 ...


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