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Trust In Cohesive Communities, Felipe Balmaceda Assoc Prof., Juan Escobar Assistant Professor 2017 Diego Portales University

Trust In Cohesive Communities, Felipe Balmaceda Assoc Prof., Juan Escobar Assistant Professor

Felipe Balmaceda

This paper studies which social networks maximize trust and welfare when agreements are implicitly enforced. We study a repeated trust game in which trading opportunities arise exogenously and a social network determines the information each player has. We show that cohesive communities, modeled as social networks of complete components, emerge as the optimal community design. Cohesive communities generate some degree of common knowledge of transpired play that allows players to coordinate their punishments and, as a result, yield relatively high equilibrium payoffs. We also show that when news swiftly travel through the network, Pareto efficient networks are minimally connected: the ...


Targeted Advertising, Platform Competition And Privacy, Henk L.M. Kox, Bas Straathof, Gijsbert Zwart 2017 KVL Economic Policy Research

Targeted Advertising, Platform Competition And Privacy, Henk L.M. Kox, Bas Straathof, Gijsbert Zwart

Henk LM Kox

Targeted advertising can benefit consumers through lower prices for access to websites. Yet, if consumers dislike that websites collect their personal information, their welfare may go down. We study competition for consumers between websites that can show targeted advertisements. We find that more targeting increases competition and reduces the websites’ profits, but yet in equilibrium websites choose maximum targeting as they cannot credibly commit to low targeting. A privacy protection policy can be beneficial for both consumers and websites. If consumers are heterogeneous in their concerns for privacy, a policy that allows choice between two levels of privacy will be ...


A Study Of The Factors That Influence Consumer Attitudes Toward Beef Products Using The Conjoint Market Analysis Tool, Brian E. Mennecke, Anthony M. Townsend, Dermot J. Hayes, Steven M. Lonergan 2017 Iowa State University

A Study Of The Factors That Influence Consumer Attitudes Toward Beef Products Using The Conjoint Market Analysis Tool, Brian E. Mennecke, Anthony M. Townsend, Dermot J. Hayes, Steven M. Lonergan

Steven M. Lonergan

This study utilizes an analysis technique commonly used in marketing, the conjoint method, to examine the relative utilities of a set of beef steak characteristics considered by a national sample of 1,432 U.S. consumers, as well as additional localized samples representing undergraduate students at a business college and in an animal science department. The analyses indicate that among all respondents, region of origin is by far the most important characteristic; this is followed by animal breed, traceability, the animal feed used, and beef quality. Alternatively, the cost of cut, farm ownership, the non-use of growth promoters, and whether ...


Show Me The Money: Federal R&D Support For Academic Chemistry, 1990–2009, Joshua L. Rosenbloom, Donna K. Ginther 2017 Iowa State University and NBER

Show Me The Money: Federal R&D Support For Academic Chemistry, 1990–2009, Joshua L. Rosenbloom, Donna K. Ginther

Joshua L. Rosenbloom

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 ...


Crop Residues: The Rest Of The Story, Douglas L. Karlen, Rattan Lal, Ronald F. Follett, John M. Kimble, Jerry L. Hatfield, John A. Miranowski, Cynthia A. Cambardella, Andrew Manale, Robert P. Anex, Charles W. Rice 2017 United States Department of Agriculture

Crop Residues: The Rest Of The Story, Douglas L. Karlen, Rattan Lal, Ronald F. Follett, John M. Kimble, Jerry L. Hatfield, John A. Miranowski, Cynthia A. Cambardella, Andrew Manale, Robert P. Anex, Charles W. Rice

Douglas L Karlen

Synopsis In the February 15, 2009 issue of ES&T Strand and Benford argued that oceanic deposition of agricultural crop residues was a viable option for net carbon sequestration (43 [4], 1000−1007). In reviewing the calculations and bringing their experience to bear, Karlen et al. argue in this Viewpoint that crop residue oceanic permanent sequestration (CROPS) as envisioned by Strand and Benford will not work. They further propose alternative possibilities in agricultural methods to achieve a net decrease of CO2 emissions.


Economic Impacts Of Wind Energy Development In Iowa: Four Scenarios, David Swenson 2017 Iowa State University

Economic Impacts Of Wind Energy Development In Iowa: Four Scenarios, David Swenson

David Swenson

The deployment of additional wind energy capacity in Iowa will yield discernible short-term and longer-term economic impacts for Iowa. The short-term and temporary economic gains are from the annual purchases and deliveries of Iowa-supplied wind energy generating equipment like blades, towers, nacelles and other critical components, and all construction-related activity associated with erecting and making operational wind energy arrays The long-term and permanent gains to the Iowa economy are driven by the on-going increments to statewide productivity associated with the operation and maintenance of the built wind energy systems, and the incremental increase in lease payments made to landowners for ...


Economic Profile Of Fabricated Metals Manufacturing In Iowa, Liesl Eathington, David Swenson 2017 Iowa State University

Economic Profile Of Fabricated Metals Manufacturing In Iowa, Liesl Eathington, David Swenson

David Swenson

The fabricated metals industry in Iowa is a major durable goods industry which produced $1.68 billion in GDP in 2013 and accounted for 5 percent of manufacturing GDP. The sector employed 20,611 persons, or around 9.5 percent of the state's manufacturing workforce. This technical study profiles the industry's structural and economic characteristics. This study was done for the Center for Industrial Research and Service (CIRAS) at Iowa State University.


The Creative Economy In Iowa, Dave Swenson, Liesl Eathington 2017 Iowa State University

The Creative Economy In Iowa, Dave Swenson, Liesl Eathington

David Swenson

This study is an assessment of Iowa’s creative economy. It represents a broad inventory of the creative composition of the Iowa economy with an eye towards defining its size and scope, measuring how it compares with the U.S., and discerning the value of the creative economy to the larger Iowa economy. The creative economy has two important dimensions. The first is Iowa’s creative workforce. The second is Iowa’s creative industrial composition. The creative workforce is further segmented into two groups. The first, borrowing from Florida’s work (2002), is the super creative core, which is composed ...


The Economic Impact Of Iowa’S Major Industries In 2014, David Swenson 2017 Iowa State University

The Economic Impact Of Iowa’S Major Industries In 2014, David Swenson

David Swenson

This report compares and contrasts two methods of discerning industrial importance: (1) evaluating industrial information as conventionally reported by government agencies, and (2) using input-output techniques to allocate all indirect economic activity into industries producing for final demand. The advantage of the final demand apportioning procedure is that it allows for a determination of total job linkages to Iowa's key industries like agriculture, ag-related manufacturing, all other manufacturing, and to banking and finance.


Misadventures In Regionalism: Reaffirming The Importance Of Central Places In Regional Economic Development Assistance, David Swenson, Liesl Eathington 2017 Iowa State University

Misadventures In Regionalism: Reaffirming The Importance Of Central Places In Regional Economic Development Assistance, David Swenson, Liesl Eathington

David Swenson

Multi‐jurisdictional regional planning and problem solving approaches have been the mainstay in rural development efforts in recent decades, and regional partnerships are often a prerequisite for state or federal funding. The authors believe that many such initiatives utilize regions of convenience rather than regions of substance. This paper describes a shift in our preferred geography for providing research and technical assistance in nonmetropolitan areas in Iowa. This shift has led us, at least regarding rural development assistance, to move towards emphasizing the provision of community development services to regionally‐important nonmetropolitan urban centers, i.e., central places that clearly ...


Investigating Iowa’S Industrial Vulnerability To Reductions In Water Resources, David Swenson, Liesl Eathington 2017 Iowa State University

Investigating Iowa’S Industrial Vulnerability To Reductions In Water Resources, David Swenson, Liesl Eathington

David Swenson

This report investigates degrees of water dependence across various sectors of Iowa’s economy and the possible direct and indirect consequences of drought events on Iowa’s industries. The report is organized into five sections. Part 1 describes patterns of water use by broad economic sector, as measured in gallons of water withdrawn from surface and groundwater sources. Part 2 addresses the importance of water as a means of transportation, examining the types of commodities shipped to and from Iowa by river. Part 3 discusses the consequences of drought on grain and livestock production. Part 4 explores how reductions in ...


Multiple Measures Of The Role Of Agriculture In Iowa’S Economy, David Swenson, Liesl Eathington 2017 Iowa State University

Multiple Measures Of The Role Of Agriculture In Iowa’S Economy, David Swenson, Liesl Eathington

David Swenson

Agriculture plays a prominent role in Iowa’s economy. There are a variety of standard measures that are commonly used to describe agriculture. Agriculture’s contribution to the gross state product (GSP) is one measure, as are the number of jobs in agriculture, the amount and kind of earnings generated in agriculture, and the composition of agricultural sales. These statistics are very useful, but they are not organized to acknowledge the complex industrial inter-relationships and dependencies that exist in the state among agriculture and other industries. To isolate those relationships, we also employ more sophisticated and rigorous methods in this ...


Economic Profile Of Fabricated Metals Manufacturing In Iowa, Liesl Eathington, David Swenson 2017 Iowa State University

Economic Profile Of Fabricated Metals Manufacturing In Iowa, Liesl Eathington, David Swenson

David Swenson

The fabricated metals industry in Iowa is a major durable goods industry which produced $1.68 billion in GDP in 2013 and accounted for 5 percent of manufacturing GDP. The sector employed 20,611 persons, or around 9.5 percent of the state's manufacturing workforce. This technical study profiles the industry's structural and economic characteristics. This study was done for the Center for Industrial Research and Service (CIRAS) at Iowa State University.


Economic Impacts Of Wind Energy Development In Iowa: Four Scenarios, David Swenson 2017 Iowa State University

Economic Impacts Of Wind Energy Development In Iowa: Four Scenarios, David Swenson

David Swenson

The deployment of additional wind energy capacity in Iowa will yield discernible short-term and longer-term economic impacts for Iowa. The short-term and temporary economic gains are from

  • the annual purchases and deliveries of Iowa-supplied wind energy generating equipment like blades, towers, nacelles and other critical components, and
  • all construction-related activity associated with erecting and making operational wind energy arrays

The long-term and permanent gains to the Iowa economy are driven by

  • the on-going increments to statewide productivity associated with the operation and maintenance of the built wind energy systems, and
  • the incremental increase in lease payments made to landowners for ...


Auctions 101: Lessons From A Decade In The Lab. What Am I Bid For ...Safer Food?, Jason F. Shogren, Dermot J. Hayes, John A. Fox, Todd L. Cherry 2017 University of Wyoming

Auctions 101: Lessons From A Decade In The Lab. What Am I Bid For ...Safer Food?, Jason F. Shogren, Dermot J. Hayes, John A. Fox, Todd L. Cherry

Dermot J. Hayes

Over a decade ago, we became interested in how consumers react to food safety and new food technologies. This led to a series of laboratory experiments that asked people to reveal their preferences in an auction environment in which they spent real money and consumed the actual food products. The auction environment is a surrogate market conducted under laboratory conditions of control and repetition. People came to a laboratory setting (a university taste-testing lab), and were asked to bid in an auction offering foods with different risks of foodborne illness. The auction was specifically designed to give people an incentive ...


A Comparative Analysis Of Regional Production Costs Of Fed Beef Produced For The U.S. And Japanese Markets, Lee Sankey, Dermot J. Hayes, Roxanne L. B. Clemens 2017 Iowa State University

A Comparative Analysis Of Regional Production Costs Of Fed Beef Produced For The U.S. And Japanese Markets, Lee Sankey, Dermot J. Hayes, Roxanne L. B. Clemens

Dermot J. Hayes

This study compared and analyzed actual 1989 production costs for representative regional feedlots in the U.S. The results show that grain surplus regions have lower total costs and poorer feeding efficiencies. The analysis suggest that Iowa has a comparative advantage in producing heavily marbled beef required by the Japanese market. Southwestern states have an advantage in producing leaner beef and stand to benefit if U.S. consumers develop a taste for Select-quality beef.


An Insurance Approach To Risk Management In The Ethanol Industry, Nicholas D. Paulson, Bruce Babcock, Chad E. Hart, Dermot J. Hayes 2017 University of Illinois

An Insurance Approach To Risk Management In The Ethanol Industry, Nicholas D. Paulson, Bruce Babcock, Chad E. Hart, Dermot J. Hayes

Dermot J. Hayes

The vast majority of crop and revenue insurance policies sold in the United States are single-crop policies that insure against low yields or revenues for each crop grown on the farm. But, increasingly, producer income is based more on the value of crops that have been converted into a value-added product such as ethanol. Moreover, the recent increases in energy and commodity price levels and volatilities emphasize the importance of risk management to ethanol investors. This paper uses an insurance approach to outline a risk management tool which mimics the gross margin level of a typical corn-based ethanol plant. The ...


Broken Glass: The Decline Of Corporate Paternalism And Welfare Capitalism, A Critical Analysis Of One Company’S Systematic Socio-Economic Metamorphosis, Doug Bruno 2017 Northern Michigan University

Broken Glass: The Decline Of Corporate Paternalism And Welfare Capitalism, A Critical Analysis Of One Company’S Systematic Socio-Economic Metamorphosis, Doug Bruno

Conspectus Borealis

No abstract provided.


Strategic Ignorance In Sequential Procurement, Silvana Krasteva, Huseyin Yildirim 2017 Texas A & M University - College Station

Strategic Ignorance In Sequential Procurement, Silvana Krasteva, Huseyin Yildirim

Huseyin Yildirim

Should a buyer approach sellers of complementary goods informed or uninformed of her private valuations, and if informed, in which sequence? In this paper, we show that an informed buyer would start with the high-value seller to minimize future holdup. Informed (or careful) sequencing may, however, hurt the buyer as sellers “read” into it. The buyer may commit to ignorance by: overloading herself with unrelated tasks; delegating sequencing to a third party; or letting sellers self-schedule. Absent such commitment, we show that ignorance is not time-consistent for the buyer but it increases trade. Evidence on land assembly supports our findings.


P14. Estimating The Effects Of File-Sharing On Movie Box-Office, Zhuang Liu 2017 Western University

P14. Estimating The Effects Of File-Sharing On Movie Box-Office, Zhuang Liu

Western Research Forum

Background:

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.

Methods:

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 ...


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