Targeted Advertising, Platform Competition And Privacy, 2017 KVL Economic Policy Research
Targeted Advertising, Platform Competition And Privacy, Henk L.M. Kox, Bas Straathof, Gijsbert Zwart
Henk LM Kox
Broken Glass: The Decline Of Corporate Paternalism And Welfare Capitalism, A Critical Analysis Of One Company’S Systematic Socio-Economic Metamorphosis, Doug Bruno
No abstract provided.
Strategic Ignorance In Sequential Procurement, 2017 Texas A & M University - College Station
Strategic Ignorance In Sequential Procurement, Silvana Krasteva, Huseyin Yildirim
P14. Estimating The Effects Of File-Sharing On Movie Box-Office, 2017 Western University
P14. Estimating The Effects Of File-Sharing On Movie Box-Office, Zhuang Liu
Western Research Forum
File-sharing and on-line piracy have caught great public attention. There is a public debate on whether or not we should close torrenting sites like Piratedbay.com. Copyright holders argue yes and claim substantial loss due to filesharing while Pirates claim that file-sharing is welfare-improving and the effects on sale are negligible. Right now no consensus has been reached on how file-sharing affects industry revenue in economics literature.
Using a novel dataset of downloads from Bit-Torrent network, this paper quantifies the effects of file-sharing on movie box-office revenue. I estimate a random coefficient demand model of movies to quantify ...
Governance By Contract: The Implications For Corporate Bylaws, 2017 University of Pennsylvania Law School
Governance By Contract: The Implications For Corporate Bylaws, Jill E. Fisch
Boards and shareholders are increasing using charter and bylaw provisions to customize their corporate governance. Recent examples include forum selection bylaws, majority voting bylaws and advance notice bylaws. Relying on the contractual conception of the corporation, Delaware courts have accorded substantial deference to board-adopted bylaw provisions, even those that limit shareholder rights.
This Article challenges the rationale for deference under the contractual approach. With respect to corporate bylaws, the Article demonstrates that shareholder power to adopt and amend the bylaws is, under Delaware law, more limited than the board’s power to do so. As a result, shareholders cannot effectively ...
Mutually Assured Protection Among Large U.S. Law Firms, 2017 University of Pennsylvania Law School
Mutually Assured Protection Among Large U.S. Law Firms, Tom Baker, Rick Swedloff
Top law firms are notoriously competitive, fighting for prime clients and matters. But some of the most elite firms are also deeply cooperative, willingly sharing key details about their finances and strategy with their rivals. More surprisingly, they pay handsomely to do so. Nearly half of the AmLaw 100 and 200 belong to mutual insurance organizations that require member firms to provide capital; partner time; and important information about their governance, balance sheets, risk management, strategic plans, and malpractice liability. To answer why these firms do so when there are commercial insurers willing to provide coverage with fewer burdens, we ...
A Swing-Contract Market Design For Flexible Service Provision In Electric Power Systems, 2017 Iowa State University
A Swing-Contract Market Design For Flexible Service Provision In Electric Power Systems, Wanning Li, Leigh Tesfatsion
Economics Working Papers
The need for flexible service provision in electric power systems has dramatically increased due to the growing penetration of variable energy resources, as has the need to ensure fair access and compensation for this provision. A swing contract (SC) facilitates flexible service provision because it permits multiple service attributes to be offered together in bundled form with each attribute expressed as a range of possible values rather than as a single point value. This paper discusses a new SC Market Design for electric power systems that permits SCs to be offered by any dispatchable resource. An analytical optimization formulation is ...
An 8-Zone Iso-Ne Test System With Physically-Based Wind Power, 2017 Iowa State University
An 8-Zone Iso-Ne Test System With Physically-Based Wind Power, Wanning Li, Leigh Tesfatsion
Economics Working Papers
This study extends the agent-based 8-Zone ISO-NE Test System to include wind turbine agents, each characterized by location, physical type, and an output curve mapping local wind speed into wind power output. Increases in wind power penetration (WPP) are modeled as build-outs of investment queues for planned wind turbine installations. The extended system is used to study the effects of increasing WPP under both stochastic and deterministic day-ahead market (DAM) formulations for security-constrained unit commitment (SCUC).
For each tested WPP, the expected cost saving resulting from a switch from deterministic to stochastic DAM SCUC is found to display a U-shaped ...
Conservatism And Switcher's Curse, 2017 Berkeley Law
Conservatism And Switcher's Curse, Aaron Edlin
This paper formally models the virtues of Edmund Burke's conservatism, characterizes the optimal level of conservatism, and applies the model to management, law, and policy. I begin by introducing ``switcher's curse,'' a trap in which a decision maker systematically switches too often. Decision makers suffer from switcher's curse if they forget the reason that they maintained incumbent policies in the past and if they naively compare rival and incumbent policies with no bias for incumbent policies. Conservatism emerges as a heuristic to avoid switcher's curse. The longer a process or policy has been in place, the ...
Competing By Restricting Choice: The Case Of Search Platforms, 2016 Bank of Canada
Competing By Restricting Choice: The Case Of Search Platforms, Hanna Halaburda, Mikolaj Jan Piskorski, Pinar Yildirim
Show Me The Money: Federal R&D Support For Academic Chemistry, 1990–2009, 2016 Iowa State University and NBER
Show Me The Money: Federal R&D Support For Academic Chemistry, 1990–2009, Joshua L. Rosenbloom, Donna K. Ginther
Economics Working Papers
We examine the distribution of Federal support for chemistry Research and Development (R&D) performed at U.S. universities from 1990-2009. Federal R&D funding is an essential source of funds for investigator-driven research at the nation’s universities. Previous studies have documented that aggregated federal R&D funding has become more dispersed over time and attributed this to political pressure to spread resources more evenly. There have, however, been few studies of the allocation of funds within narrowly defined scientific disciplines. By narrowing the focus and exploiting the panel nature of our data we are better able to analyze ...
Workplace Deviance And Recession, 2016 Kennesaw State University
Workplace Deviance And Recession, Aniruddha Bagchi, Siddhartha Bandyopadhyay
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 ...
An Empirical Analysis Of Manufacturing Overhead Cost Drivers, 2016 University of Minnesota-Minneapolis
An Empirical Analysis Of Manufacturing Overhead Cost Drivers, Rajiv D. Banker, Gordon S. Potter, Roger G. Schroeder
Empirical validity of the claim that overhead costs are driven not by production volume but by transactions resulting from production complexity is examined using data from 32 manufacturing plants from the electronics, machinery, and automobile components industries. Transactions are measured using number of engineering change orders, number of purchasing and production planning personnel, shop- floor area per part, and number of quality control and improvement personnel. Results indicate a strong positive relation between manufacturing overhead costs and both manufacturing transactions and production volume. Most of the variation in overhead costs, however, is explained by measures of manufacturing transactions, not volume.
Manufacturing Performance Reporting For Continuous Quality Improvement, 2016 University of Minnesota- Minneapolis
Manufacturing Performance Reporting For Continuous Quality Improvement, Rajiv D. Banker, Gordon S. Potter, Roger G. Schroeder
- Recently many plants have implemented the new manufacturing strategy of continuous quality improvement. The central hypothesis in this paper is that the implementation of a policy of continuous quality improvement results in a shift in the management control system.
- This article tests this hypothesis by examining the shop floor reporting policies of forty-two plants located in the United States.
- The paper documents that the extent of information concerning the current status of manufacturing, such as charts on defect rates or schedule compliance and productivity information, provided to workers on the shop floor is positively related to the implementation of continuous ...
Internationalization Choices And Italian Firm Performance During The Crisis, 2016 Selected Works
Internationalization Choices And Italian Firm Performance During The Crisis, Claudio Vicarelli, Stefano Costa, Carmine Pappalardo
Industrial Ecology Analysis Of The Potential For An Eastern Nebraska Industrial Symbiosis Network (Enisn): A Comparative Study, 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 ...
Co-Ops Managing Through Low Margins, 2016 Iowa State University
Co-Ops Managing Through Low Margins, Keri Jacobs
The current environment for Midwest firms marketing corn and soybeans presents challenges for identifying margin opportunities. Rising grain inventories, a stable basis and hesitant selling by producers continue to depress overall grain margins.
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 ...
The Structural Transformation Of The Agricultural Sector, 2016 Iowa State University
The Structural Transformation Of The Agricultural Sector, Neil E. 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), 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 ...