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Workplace Deviance And Recession, Aniruddha Bagchi, Siddhartha Bandyopadhyay 2016 Kennesaw State University

Workplace Deviance And Recession, Aniruddha Bagchi, Siddhartha Bandyopadhyay

Aniruddha Bagchi

We examine the relationship between the incidence of workplace deviance (on-the-job crime) and the state of the economy. A worker's probability of future employment depends on whether she has been deviant as well as on the availability of jobs. Using a two period model we show that the net impact on deviant behavior to changes in unemployment can go either way depending upon the nature of the equilibrium. Two kinds of equilibria are possible. In one, a non-deviant's probability of being employed increases as expected market conditions improve which lowers the incentive to be a deviant. In contrast ...


Fapri 1998 World Agricultural Outlook, William H. Meyers, Dermot J. Hayes, Darnell Smith, Samarendu Mohanty, Frank Fuller, Sudhir Chaudhary, Jacinto F. Fabiosa, Karen Kovarik, Chad Hart, Chad Barrett, Charles Anslem, Edgar R. Shen, Sean Bakken, Abner W. Womack, Robert E. Young II, Gregg Suhler, Joe Trujillo, D. Scott Brown, Gary M. Adams, Patrick C. Westhoff, Lori Wilcox, Brian Willott, Wyatt Thompson, Ian Shaw, Russell Mills, Peter T. Zimmel, Vernon Lansford 2016 Iowa State University

Fapri 1998 World Agricultural Outlook, William H. Meyers, Dermot J. Hayes, Darnell Smith, Samarendu Mohanty, Frank Fuller, Sudhir Chaudhary, Jacinto F. Fabiosa, Karen Kovarik, Chad Hart, Chad Barrett, Charles Anslem, Edgar R. Shen, Sean Bakken, Abner W. Womack, Robert E. Young Ii, Gregg Suhler, Joe Trujillo, D. Scott Brown, Gary M. Adams, Patrick C. Westhoff, Lori Wilcox, Brian Willott, Wyatt Thompson, Ian Shaw, Russell Mills, Peter T. Zimmel, Vernon Lansford

Chad Hart

The Food and Agricultural Policy Research Institute (FAPRI) prepares in the late fall of every year a preliminary baseline based on agricultural production, consumption, and trade. This is followed by an extensive outside review, re-evaluation of projections, and completion of the final baseline in January. The baseline assumes continuation of current agricultural and trade policies by world governments and assumes normal weather in the future. Macroeconomic assumptions on world general economic activity are derived from both Project LINK and the WEFA Group projections.


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 ...


The Mystery Of Mutual Insurers In Lawyers Professional Liability Insurance, Tom Baker, Rick Swedloff 2016 University of Pennsylvania Law School

The Mystery Of Mutual Insurers In Lawyers Professional Liability Insurance, Tom Baker, Rick Swedloff

Faculty Scholarship

Large law firms in the U.S. rely heavily on lawyers-only mutual insurers to manage their malpractice risks. Yet, under classic economic theory, mutual insurers should not be able to compete with stock insurers, at least absent a market failure. Mutuals have less access to capital and thus less ability to spread risk. Also, mutuals demand much more law firm partner time. Our research into the lawyers’ professional liability (LPL) insurance market makes three contributions. First, while we find evidence consistent with the traditional explanations for mutual insurance—market failures related to moral hazard and adverse selection and a problem ...


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 ...


The Structural Transformation Of The Agricultural Sector, Neil E. Harl 2016 Iowa State University

The Structural Transformation Of The Agricultural Sector, Neil E. Harl

Neil Harl

A major concern as we move into the Twenty-first Century is the structure of the agricultural sector. By structure, is meant considerations of size and scale as well as who is to manage, control and finance farming and agribusiness operations.


International Trade Effects Of Regional Economic Integration In Africa: The Case Of The Southern African Development Community (Sadc), Mengesha Yayo, Sisay Asefa 2016 Addis Ababa Science and Technology University

International Trade Effects Of Regional Economic Integration In Africa: The Case Of The Southern African Development Community (Sadc), Mengesha Yayo, Sisay Asefa

International Journal of African Development

Empirical studies on regional economic integration process in Africa exhibit sluggish progress, and there by limited level of intra-trade. The existing literature in Africa, particularly in the Southern African regional integration bloc, has neglected the effects of regional economic integration dealing with disaggregated data. This study analyzes trade creation and diversion effects of the Southern African Development Community (SADC) using disaggregated data. The investigation estimates an augmented gravity model using panel data and random effect estimator methods applying instrumental variables where needed.

The results show that intra-SADC trade is growing in the fuel and minerals and the heavy manufacturing sectors ...


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 ...


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.


The 2006/07 Iowa Grain And Biofuel Flow Study: A Survey Report, Tun-Hsiang (Edward) Yu, Chad E. Hart 2016 University of Tennessee

The 2006/07 Iowa Grain And Biofuel Flow Study: A Survey Report, Tun-Hsiang (Edward) Yu, Chad E. Hart

Chad Hart

This report is divided into two sections. The first part reports the statewide results for each of five surveyed groups: Iowa grain marketers, Iowa grain handlers, Iowa corn processors, Iowa soybean processors, and Iowa biodiesel producers. The state-level results provide a general idea of the grain and biofuel flows that occurred and the transportation that was utilized in the biofuel-boom era. In order to gain further insights into the regional level data, we present the survey results of grain marketers and handlers in each crop reporting district (CRD) in the second part of the report.


The 2007/08 Iowa Grain And Biofuel Flow Study: A Survey Report, Tun-Hsiang (Edward) Yu, Chad E. Hart 2016 University of Tennessee

The 2007/08 Iowa Grain And Biofuel Flow Study: A Survey Report, Tun-Hsiang (Edward) Yu, Chad E. Hart

Chad Hart

Driven by the expanding production of biofuels, the linkage between the agricultural and energy markets is evolving, and that has changed the market for agricultural commodities dramatically. These developments in agricultural markets consequently shifted the distribution of domestic grains and feeds and the utilization of shipping modes for these agricultural products. As the leading producer of corn, soybeans, and biofuels, Iowa is at the forefront of this shift. Because of the importance of maintaining an adequate state transportation system to accommodate the evolving patterns of grain and biofuel flows, it is important to have current information about grain flows from ...


Shifting Corn Basis Patterns, Chad E. Hart 2016 Iowa State University

Shifting Corn Basis Patterns, Chad E. Hart

Chad Hart

The ethanol industry continues to reshape Iowa’s agricultural economy. By the end of this summer, 28 ethanol plants will have spread across the state, capable of producing over 1.9 billion gallons of ethanol per year. Twenty more plants are being constructed in Iowa, with plans for even more. The tremendous growth of the ethanol industry has put pressure on Iowa corn producers to keep up with this growing demand for corn. Producers have responded by planting 14.3 million acres of corn, the second-largest corn area in Iowa on record. (In 1981, Iowa had 14.4 million acres ...


Retail Meat And Crop Demand Continue To Grow, Chad E. Hart, Lee L. Schulz 2016 Iowa State University

Retail Meat And Crop Demand Continue To Grow, Chad E. Hart, Lee L. Schulz

Chad Hart

The US corn and soybean crops in 2013 were at or near record levels and worldwide demand increased over last year’s amounts. Despite trends showing consumer demand is returning from the 2008 recession, packer demand for hogs and beef hasn’t been faring as well as demand for US crops.


Do Ethanol/Livestock Synergies Presage Increased Iowa Cattle Numbers?, Bruce A. Babcock, Chad E. Hart 2016 Iowa State University

Do Ethanol/Livestock Synergies Presage Increased Iowa Cattle Numbers?, Bruce A. Babcock, Chad E. Hart

Chad Hart

I ncreased ethanol production in Iowa and other Corn Belt states has led some to believe that the Midwest will no longer need to export any of its corn to other states or other countries. Farmer-advocates of more ethanol see such a future as making them free from reliance on unpredictable export markets, free from reliance on aging Mississippi River locks and dams, and free from worrying about the impacts of trade agreements and foreign competition. But such a future would not make the Corn Belt free of the need to export distillers grains, an ethanol by-product.


Ethanol Revisited, Chad E. Hart 2016 Iowa State University

Ethanol Revisited, Chad E. Hart

Chad Hart

The ethanol industry continues to evolve. When we last checked in on the industry (Spring 2004 Iowa Ag Review), ethanol prices tracked with unleaded gasoline prices; production capacity was expanding; and Congress was considering an energy bill targeting higher usage of renewable fuels. The future looked good for ethanol as we computed a positive ethanol profi tability index for the foreseeable future. Since then, ethanol and unleaded gasoline prices have diverged; the production expansion has continued; Congress is still considering the energy bill; and the industry has gone through some growing pains.


Ethanol-Livestock Integration, Chad E. Hart, Miguel Carriquiry 2016 Iowa State University

Ethanol-Livestock Integration, Chad E. Hart, Miguel Carriquiry

Chad Hart

Two ethanol plants are exploring the possibilities of linkages between ethanol and livestock production. The E3 BioFuels plant in Mead, Nebraska, and the Panda Ethanol plant in Hereford, Texas, are trying to take advantage of the synergies between ethanol and livestock production. These two plants are also testing whether cost advantages in ethanol production still exist for the Midwest or whether there may be advantages in locating ethanol production closer to end users for both ethanol and ethanol by-products, specifi cally distillers grains.


Emerging Biofuels: Outlook Of Effects On U.S. Grain, Oilseed, And Livestock Markets, Simla Tokgoz, Amani E. Elobeid, Jacinto F. Fabiosa, Dermot J. Hayes, Bruce A. Babcock, Tun-Hsiang (Edward) Yu, Fengxia Dong, Chad E. Hart, John C. Beghin 2016 Iowa State University

Emerging Biofuels: Outlook Of Effects On U.S. Grain, Oilseed, And Livestock Markets, Simla Tokgoz, Amani E. Elobeid, Jacinto F. Fabiosa, Dermot J. Hayes, Bruce A. Babcock, Tun-Hsiang (Edward) Yu, Fengxia Dong, Chad E. Hart, John C. Beghin

Chad Hart

Projections of U.S. ethanol production and its impacts on planted acreage, crop prices, livestock production and prices, trade, and retail food costs are presented under the assumption that current tax credits and trade policies are maintained. The projections were made using a multi-product, multi-country deterministic partial equilibrium model. The impacts of higher oil prices, a drought combined with an ethanol mandate, and removal of land from the Conservation Reserve Program (CRP) relative to baseline projections are also presented. The results indicate that expanded U.S. ethanol production will cause long-run crop prices to increase. In response to higher feed ...


Blending: Ethanol’S New Growth Sector, Chad E. Hart 2016 Iowa State University

Blending: Ethanol’S New Growth Sector, Chad E. Hart

Chad Hart

The evolution of the ethanol industry continues at a brisk pace. U.S. ethanol production capacity has grown tremendously over the past several years. But recent lower ethanol prices, combined with still strong corn prices, have put a damper on continued expansion. Figure 1 shows the price movements for ethanol in 2007. At the beginning of the year, the ethanol price started out at around $2.50 per gallon. But prices have backed off since then, with recent ethanol prices at between $1.50 and $1.70 per gallon. This price drop has tightened margins at ethanol plants across the ...


Alternative Policy Options To Address Agricultural Instability, Chad E. Hart, Darnell B. Smith, William H. Meyers 2016 Iowa State University

Alternative Policy Options To Address Agricultural Instability, Chad E. Hart, Darnell B. Smith, William H. Meyers

Chad Hart

The strongest justification for government involvement in agricultural commodity markets is the instability in U.S. food and agricultural markets that affects both consumers and producers through food supply and price volatility (Tweetin 1993). This instability comes from many sources, including weather conditions, domestic and foreign agricultural programs and policies, and other causes of price variability. All of these factors work to increase volatility in producer revenues and consumer food expenditures. Federal programs oriented towards reducing farm-level revenue instability--such as commodity programs, crop insurance, and disaster assistance--continue to be criticized, implying that these programs have not succeeded in achieving stated ...


Dynamics Of The Planning Solution In The Textbook Model Of Labor Market Search And Matching, Joydeep Bhattacharya, Helle Bunzel 2016 Iowa State University

Dynamics Of The Planning Solution In The Textbook Model Of Labor Market Search And Matching, Joydeep Bhattacharya, Helle Bunzel

Helle Bunzel

This paper takes a discrete−time adaptation of the continuous−time matching economy described in Pissarides (1990, 2000), and computes the solution to the dynamic planning problem. The solution is shown to be completely characterized by a first−order, non−linear map. We show that the map admits a unique stationary solution which is dynamically unstable. Oscillatory solutions are possible but there is no possibility of periodic solutions. The planner picks the initial condition that places the economy directly on the steady state. Our results are in sharp contrast to received wisdom on out−of−steady−state dynamics in the ...


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