Dynamic Poverty Decomposition Analysis: An Application To The Philippines, 2017 Singapore Management University
Dynamic Poverty Decomposition Analysis: An Application To The Philippines, Tomoki Fujii
Research Collection School Of Economics
In this paper, we propose a new method of poverty decomposition. Our method remedies the shortcomings of existing methods and has some desirable properties such as time-revision consistency and subperiod additivity. It integrates the existing methods of growth-redistribution decomposition and sector based decomposition, because it allows us to decompose poverty change into growth and redistribution components for each group (e.g., regions or sectors) in the economy. We extend out method to have six components and provide empirical application to the Philippines for the period of 1985 to 2009.
A Guide To Circuit Core Models, 2017 University of Chicago
A Guide To Circuit Core Models, Lester G. Telser
Lester G Telser
Disfluent Fonts Don’T Help People Solve Math Problems, 2017 Yale University
Disfluent Fonts Don’T Help People Solve Math Problems, Andrew Meyer, Shane Frederick, Terence C. Burnham, Juan D. Guevera Pinto, Ty W. Boyer, Linden J. Ball, Gordon Pennycook, Rakefet Ackerman, Valerie A. Thompson, Jonathon P. Schuldt
Ty W. Boyer
Prior research suggests that reducing font clarity can cause people to consider printed information more carefully. The most famous demonstration showed that participants were more likely to solve counterintuitive math problems when they were printed in hard-to-read font. However, after pooling data from that experiment with 16 attempts to replicate it, we find no effect on solution rates. We examine potential moderating variables, including cognitive ability, presentation format, and experimental setting, but we find no evidence of a disfluent font benefit under any conditions. More generally, though disfluent fonts slightly increase response times, we find little evidence that they activate ...
The Modigliani-Miller Theorem At 60: The Long-Overlooked Legal Applications Of Finance’S Foundational Theorem, 2017 University of Pennsylvania Law School
The Modigliani-Miller Theorem At 60: The Long-Overlooked Legal Applications Of Finance’S Foundational Theorem, Michael S. Knoll
2018 marks the 60th anniversary of the publication of Franco Modigliani and Merton Miller’s The Cost of Capital, Corporation Finance, and the Theory of Investment. Widely hailed as the foundation of modern finance, their article, which purports to demonstrate that a firm’s value is independent of its capital structure, is little known by lawyers, including legal academics. That is unfortunate because the Modigliani-Miller capital structure irrelevancy proposition (when inverted) provides a framework that can be extremely useful to legal academics, practicing attorneys and judges.
New Dimensions In Economic Analysis Of Legal Issues: The Appropriate Regulatory Balance Of Antitrust Law In The Context Of The Technological Innovation, 2017 Indiana University Maurer School of Law
New Dimensions In Economic Analysis Of Legal Issues: The Appropriate Regulatory Balance Of Antitrust Law In The Context Of The Technological Innovation, Jungmi Bang
Theses and Dissertations
The role of Empirical study in legal decision, even in the rule making, was increased by the economic development with the occurrence of economic realism. The incensement of economic implication of the law, without exception, impacted to the court’s ruling in the antitrust case and the antitrust law-making itself. Now it is one of the common way, court use concepts and theories developed by economists and weaves economic concepts into decisions to support their result.
The classical perspective of economic theories regarding antitrust law was start from early theorist Adam Smith in 1776, even it denied the economic implication ...
Random Mechanism Design On Multidimensional Domains, 2017 Singapore Management University
Random Mechanism Design On Multidimensional Domains, Shurojit Chatterji, Huaxia Zeng
Research Collection School Of Economics
We study random mechanism design in an environment where the set of alternatives has a Cartesian product structure. We first show that all generalized random dictatorships are strategy-proof on a minimally rich domain if and only if the domain is a top-separable domain. We next generalize the notion of connectedness (Monjardet, 2009) to establish a particular class of top-separable domains: connected domains, and show that in the class of minimally rich and connected domains, the multidimensional single-peakedness restriction is necessary and sufficient for the design of a flexible random social choice function that is unanimous and strategy-proof. Such a flexible ...
Essays On Inequality And Macroeconomic Stability, 2017 The Graduate Center, City University of New York
Essays On Inequality And Macroeconomic Stability, Thomas Hauner
All Graduate Works by Year: Dissertations, Theses, and Capstone Projects
This dissertation consists of three chapters. . .
Chapter 1: Aggregate Wealth and Its Distribution as Determinants of Financial Crises: Panel Evidence This essay investigates the relationship between wealth inequality and financial crises across a panel of nine advanced economies over the past 100 years. While substantiation of a role for income inequality is ambiguous in the literature, evidence is presented suggesting a unique capacity for the accumulation of assets to increase the likelihood of a future financial crisis episode. Testing long-run panel data with a reduced form, two-way fixed effects model, estimates suggest that increasing wealth inequality, in an economy with ...
Nebraska Monthly Economic Indicators: September 20, 2017, 2017 University of Nebraska-Lincoln
Nebraska Monthly Economic Indicators: September 20, 2017, Eric Thompson
Leading Economic Indicator Reports
The Leading Economic Indicator – Nebraska (LEI-N) 1 fell by 0.38% during August of 2017. The decline in the LEI-N, which is designed to predict economic activity six months into the future, suggests that the Nebraska economy will grow slowly during the first few months of 2018. The drop in the indicator was primarily due to a decline in manufacturing hours-worked during August. Building permits for single-family homes and airline passenger enplanements also dropped slightly. There were two positive components of the LEI-N. Businesses responding to the August Survey of Nebraska Business reported plans to increase sales and employment over ...
Unequal Exchange In Global Trade: Theoretical And Empirical Issues, 2017 Università degli Studi di Urbino
Unequal Exchange In Global Trade: Theoretical And Empirical Issues, Andrea Ricci
No Mere Tautology: The Division Of Labor Is Limited By The Division Of Labor, 2017 Marquette University
No Mere Tautology: The Division Of Labor Is Limited By The Division Of Labor, Andrew Smyth, Bart J. Wilson
ESI Working Papers
We explore the intersection of growth theory and the theory of the firm with an experiment. Economic growth is possible in our experiment when agents specialize to exploit increasing returns. We find that low opportunity costs are sufficient for Marshallian internal economies, but that Marshallian external economies are slow to emerge in four probing treatment conditions. Transaction costs do not hamper external economies as we anticipated prior to collecting data. When external economies falter, it is because new ideas about the cost and value of more extensive specialization fail to emerge. Ideas are what make further divisions of the division ...
Where Prices Come From, 2017 University of Chicago
Where Prices Come From, Lester G. Telser
Lester G Telser
The Repo Channel Of Cross-Border Lending In The European Sovereign Debt Crisis, 2017 University of Wisconsin - Madison
The Repo Channel Of Cross-Border Lending In The European Sovereign Debt Crisis, Jaime Luque
The Credit Scoring And Transmission Channels In The Non-Prime Mortgage Market, 2017 University of Wisconsin - Madison
The Credit Scoring And Transmission Channels In The Non-Prime Mortgage Market, Jaime Luque, Timothy Riddiough
Equilibrium In Fx Swap Markets: Funding Pressures And The Cross-Currency Basis, 2017 University of Wisconsin-Madison
Equilibrium In Fx Swap Markets: Funding Pressures And The Cross-Currency Basis, Jean-Marc Bottazzi, Jaime Luque, Mario Pascoa
Developers, Wall Street And Taxmen, 2017 Universidade Nova de Lisboa
Developers, Wall Street And Taxmen, Marta Faias, Jaime Luque
The Attack And Defense Of Weakest Link Networks, 2017 Chapman University
The Attack And Defense Of Weakest Link Networks, Dan Kovenock, Brian Roberson, Roman M. Sheremeta
ESI Working Papers
We experimentally test the qualitatively different equilibrium predictions of two theoretical models of attack and defense of a weakest-link network of targets. In such a network, the attacker’s objective is to successfully attack at least one target and the defender’s objective is to defend all targets. The models differ in how the conflict at each target is modeled — specifically, the lottery and auction contest success functions (CSFs). Consistent with equilibrium in the auction CSF model, attackers utilize a stochastic “guerrilla-warfare” strategy, which involves randomly attacking at most one target with a random level of force. Inconsistent with equilibrium ...
Loss Aversion And The Quantity-Quality Tradeoff, 2017 Chapman University
Loss Aversion And The Quantity-Quality Tradeoff, Jared Rubin, Anya Samek, Roman M. Sheremeta
ESI Working Papers
Firms face an optimization problem that requires a maximal quantity output given a quality constraint. But how do firms incentivize quantity and quality to meet these dual goals, and what role do behavioral factors, such as loss aversion, play in the tradeoffs workers face? We address these questions with a theoretical model and an experiment in which participants are paid for both quantity and quality of a real effort task. Consistent with basic economic theory, higher quality incentives encourage participants to shift their attention from quantity to quality. However, we also find that loss averse participants shift their attention from ...
A Reexamination Of “The Hidden Return To Incentives”, 2017 Chapman University
A Reexamination Of “The Hidden Return To Incentives”, Jing Davis, Steven Schwartz, Richard Young
Economics Faculty Articles and Research
Prior literature has observed a “hidden return to incentives” where principals receive more cooperation from agents when formal incentives are available but not used than when not available. Previous experiments are replicated using a gift-exchange rather than a trust game. Hidden returns to incentives are not observed, and in fact the results show the opposite. Suggestions for future research are provided.
The Effect Of Paid Sick Leave On Physician Office-Based Visits, 2017 CUNY Hunter College
The Effect Of Paid Sick Leave On Physician Office-Based Visits, Korvin Vicente
School of Arts & Sciences Theses
This paper uses a balanced sample of workers from cross-sections of the National Health Interview Survey to estimate the causal effects of paid sick leave on the medical care seeking behavior of individuals, as measured by physician office-based visits.
Reputation And Multilateral Punishment Under Uncertainty, 2017 Chapman University
Reputation And Multilateral Punishment Under Uncertainty, Aidin Hajikhameneh, Jared Rubin
ESI Working Papers
Prinicpal-agent problems can reduce gains from exchange available in long distance trade. One solution to mitigate this problem is multilateral punishment, whereby groups of principals jointly punish cheating agents by giving them bad reputations. But how does such punishment work when there is uncertainty regarding whether an agent actually cheated or was just the victim of bad luck? And how might such uncertainty be mitigated—or exacerbated—by nonobservable, pro-social behavioral characteristics? We address these questions by designing a simple modified trust game with uncertainty and the capacity for principals to employ multilateral punishment. We find that a modest amount ...