Modeling Economic Impacts Of The Inland Waterway Transportation System, 2016 University of Arkansas, Fayetteville
Modeling Economic Impacts Of The Inland Waterway Transportation System, Furkan Oztanriseven
Theses and Dissertations
The inland waterway transportation system of the United States (U.S.) handles 11.7 billion tons of freight annually and connects the heartland of the U.S. with the rest of the world by providing a fuel-efficient and environmentally friendly mode of transportation. This dissertation aims to create decision support tools for maritime stakeholders to measure the economic impacts of the inland waterway transportation systems under real world scenarios including disruptions, demand changes, port expansion decisions, and channel deepening investments. Monte Carlo simulation, system dynamics, discrete-event simulation, agent-based modeling, and multiregional input-output modeling techniques are utilized to analyze the complex ...
The Structural Transformation Of The Agricultural Sector, 2016 Iowa State University
The Structural Transformation Of The Agricultural Sector, Neil E. Harl
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 ...
Optimal Task Assignments, 2016 Diego Portales University
Optimal Task Assignments, Felipe Balmaceda Assoc Prof.
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 ...
Productivity Growth And Structural Transformation, 2016 George Washington University
Productivity Growth And Structural Transformation, Roberto Samaniego, Juliana Yu Sun
Research Collection School Of Economics
Economies diversify and then re-specialize as they develop. These “stages of diversification” may result from productivity-driven structural change if initially resources are concentrated in industries other than those that dominate economic structure in the long run. A calibrated multi-industry growth model with many countries and with industry differences in productivity growth rates replicates the main features of the “stages of diversification”. We also present evidence that countries systematically shift resources towards manufacturing industries with rapid productivity growth, and towards sectors with low productivity growth, consistent with the model and supporting the “productivity mechanism” for structural transformation.
Sharing The Prosperity: Why We Still Need Organized Labor, 2016 Cornell Law School
Sharing The Prosperity: Why We Still Need Organized Labor, Angela B. Cornell
Cornell Law Faculty Publications
Today economic inequality is greater in the United States than in any other advanced nation. Bringing the minimum wage up to a true living wage is a crucial step forward, as are other employment-related benefits like broadening access to overtime and instituting paid sick leave. But employment statutes such as minimum-wage regulations cannot replace the broad-based benefits that come from organized labor. Unionization places the ability to influence what happens in the workplace directly in workers’ own hands, even as it creates institutions that can advocate for working people at the community, state, and national level. Under an effective labor-law ...
Corporate Responsibility In Peace Building, Conflict Prevention And Development: The Role Of The Mining Sector In Ghana, 2016 University of Cape Coast
Corporate Responsibility In Peace Building, Conflict Prevention And Development: The Role Of The Mining Sector In Ghana, Abdul Karim Issifu
Journal of Interdisciplinary Conflict Science
This article seeks to explore the role of the mining sector in peace building, conflict prevention and community development in Ghana. After thoroughly reviewing secondary data, including articles, books, journals, newspapers, etc., via critical document review and qualitative research approaches the research found that, there is no legal document on CSR in Ghana, yet mining companies in a free will, have executed CSR programs laying down for peace, security and development in the country. More so, this article provides a theoretical support for the Integrative theory of CSR on the basis that, the socio-economic, political, cultural and environmental needs of ...
Are Music Streaming Services Healthy For The Recorded Music Industry?, 2016 University of Arkansas
Are Music Streaming Services Healthy For The Recorded Music Industry?, Elizabeth W. Pittman
Economics Undergraduate Honors Theses
To listen to music just a few hundred years ago would require hundreds of miles of travel, tons of wood and metal and ivory and copper strings, construction of a stage and audience platforms, human capital to perform the music of course, and lots of money. All of these variables would combine to produce an auditory experience of approximately 45 minutes total. Today, a single musician can produce the sound of dozens with just a laptop, and it can be consumed relatively cheaply with the click of a button. Digital services such as iTunes or Spotify give listeners access to ...
Geopolitics Of The 2016 Australian Defense White Paper And Its Predecessors, 2016 Purdue University
Geopolitics Of The 2016 Australian Defense White Paper And Its Predecessors, Bert Chapman
Libraries Faculty and Staff Scholarship and Research
Australia released the newest edition of its Defense White Paper, describing Canberra’s current and emerging national security priorities, on February 25, 2016. This continues a tradition of issuing defense white papers since 1976. This work will examine and analyze the contents of this document as well as previous Australian defense white papers, scholarly literature, and political statements assessing their geopolitical significance. It will also examine public input into Australian defense white papers and the emerging role of social media in this public involvement. It concludes by evaluating whether Australia has the political will and economic resources necessary to fulfill ...
The Bidder's Curse: Comment, 2016 Cornell University
The Bidder's Curse: Comment, Henry S. Schneider
Henry S Schneider
The prices of auctions on eBay often exceed eBay’s fixed-price “Buy-It-Now” prices. I investigate the causes of this overbidding, focusing on the interpretation in Malmendier and Lee (2011) that the observed overbidding cannot be explained “without allowing for nonstandard preferences or beliefs” and that the “strongest direct evidence points to limited attention.” Using data from their study and new data from eBay, I provide evidence that a key condition for identifying nonstandard behavior may not have been met, and that the observed overbidding is not inconsistent with standard behavior once we allow for the likely presence of search costs.
Antitrust And Information Technologies, 2016 University of Pennsylvania Law School
Antitrust And Information Technologies, Herbert J. Hovenkamp
Faculty Scholarship at Penn Law
Technological change strongly affects the use of information to facilitate anticompetitive practices. The effects result mainly from digitization and the many products and processes that it enables. These technologies of information also account for a significant portion of the difficulties that antitrust law encounters when its addresses intellectual property rights. In addition, changes in the technologies of information affect the structures of certain products, in the process either increasing or decreasing the potential for competitive harm.
For example, digital technology affects the way firms exercise market power, but it also imposes serious measurement difficulties. The digital revolution has occurred in ...
The Bakken Goes Boom: Oil And The Changing Geographies Of Western North Dakota, 2016 University of North Dakota
The Bakken Goes Boom: Oil And The Changing Geographies Of Western North Dakota, William Caraher, Kyle Conway
Digital Press Books
In 2008, the Bakken went boom. Thanks to advances in hydraulic fracturing, oil production in western North Dakota exploded. As the price of oil went up, so did the oil rigs. People came from all over the country (and the world) in search of work, and cities and towns struggled to keep up. This book is about the challenges they faced. It is about the human dimensions of the boom, as told by artists, poets, journalists, and scholars. It captures the boom at its peak, before the price of oil fell and the boom went bust.
This is the only ...
Firms' Decisions To Enter A Market Of Highly Differentiated Products: Apparel Industry And New York Fashion Week, 2016 Graduate Center, City University of New York
Firms' Decisions To Enter A Market Of Highly Differentiated Products: Apparel Industry And New York Fashion Week, Yoko Katagiri
All Dissertations, Theses, and Capstone Projects
This dissertation deals with economic aspects of the fashion industry. It begins with a discussion of the complex industrial organization aspects of the industry. A wealth of information in this area has been assembled and is presented for the first time. The focus is on the high-end fashion market: how it started, how it works, New York Fashion Week, and its significance for the industry. Then a comprehensive review of the economics literature as it pertains to the industry is presented, also for the first time. The empirical sections of the dissertation contain estimates of demand functions for apparel and ...
Quantity Discounts And Capital Misallocation In Vertical Relationships, 2016 Singapore Management University
Quantity Discounts And Capital Misallocation In Vertical Relationships, Ken Onishi
Research Collection School Of Economics
I study transactions between aircraft manufacturers and airlines as well as airlines' utilization of their fleet. Aircraft production is characterized by economies of scale via learning-by-doing, which creates a trade-off between current profit and future competitive advantage in the aircraft market. The latter consideration makes large buyers more attractive than small buyers and induces quantity discounts. The resulting nonlinear pricing strategy may distort both production and allocation in favor of large buyers. In the data, there is a negative correlation between the size of aircraft orders and the per-unit price, and a positive correlation between the price paid and the ...
The Role Of Coordination Bias In Platform Competition, 2016 Bank of Canada
The Role Of Coordination Bias In Platform Competition, Hanna Halaburda, Yaron Yehezkel
This paper considers platform competition in a two-sided market that includes buyers and sellers. One of the platforms benefits from a favorable coordination bias in the market, in that for this platform it is less costly than for the other platform to convince customers that the two sides will coordinate on joining it. We find that the degree of the coordination bias affects the platform's decision regarding the business model (i.e., whether to subsidize buyers or sellers), the access fees and the size of the platform. A slight increase in the coordination bias may induce the advantaged platform ...
Dynamic Competition With Network Externalities: Why History Matters, 2016 Bank of Canada
Dynamic Competition With Network Externalities: Why History Matters, Hanna Halaburda, Bruno Jullien, Yaron Yehezkel
This paper considers dynamic platform competition in a market with network externalities. A platform that dominated the market in the previous period becomes ``focal" in the current period, in that agents play the equilibrium in which they join the focal platform whenever such equilibrium exists. We ask whether a low-quality but focal platform can maintain its focal position along time, when it faces a higher quality competitor. Under finite horizon, we find that when platforms are patient enough, the unique equilibrium is efficient. With infinite horizon, however, there are multiple equilibria in which either the low or the high quality ...
The Economics Of Retail Markets For New And Used Cars, 2016 SelectedWorks
The Economics Of Retail Markets For New And Used Cars, Charles Murry, Henry S. Schneider
Henry S Schneider
In this chapter we describe the institutions and economics of new- and used-car retailing. Our aim is to provide a resource for researchers interested in the automobile market. We focus on three categories of economic concepts relevant to car retailing: dealership location choice, including agglomeration, entry, and exit; determinants of car pricing; and information, which is central to the used-car market but also affects the new-car market. We also provide a primer on the institutions of car retailing and a reference on data sources for researchers interested in empirical work involving cars.
Beautiful Lemons: Adverse Selection In Durable-Goods Markets With Sorting, 2016 Cornell University
Beautiful Lemons: Adverse Selection In Durable-Goods Markets With Sorting, Jonathan R. Peterson, Henry S. Schneider
Henry S Schneider
We document a basic characteristic of adverse selection in secondhand markets for durable goods: goods with higher observed quality may have more adverse selection and hence lower unobserved quality. We provide a simple theoretical model to demonstrate this result, which is a consequence of the interaction of sorting between drivers over observed quality and adverse selection over unobserved quality. We then offer empirical support using data on secondhand prices and repair rates of used cars from the Consumer Expenditure Survey, and discuss a number of implications for everyday advertising and consumer questions.
Nonstandard Bidder Behavior In Real-World Auctions, 2016 Cornell University
Nonstandard Bidder Behavior In Real-World Auctions, Joseph U. Podwol, Henry S. Schneider
Henry S Schneider
Empirical work on auctions has found that bidders deviate from standard behavior in important ways. We investigate a range of these behaviors, including nonrational herding, auction fever, quasi-endowment effect, and escalation of commitment. Our innovations are to more completely control for unobservables by using new data from a field experiment on eBay, and by accounting for censoring of bids below the starting price. Consistent with standard auction theory and in contrast to the predictions of the nonstandard behaviors, we find that auction starting price has no effect on bidder willingness to pay in a private-values setting. We conclude that there ...
The Price Of Unobservability: Moral Hazard And Limited Liability, 2016 Diego Portales University
The Price Of Unobservability: Moral Hazard And Limited Liability, Felipe Balmaceda Assoc Prof.
This article studies a principal-agent problem with discrete outcome and effort space. The principal and the agent are risk neutral and the latter is subject to limited liability. For a given monitoring technology, we consider the maximum possible ratio between the first best social welfare to the social welfare arising from the principal's optimal pay-for-performance contract (the price of unobservability). Our main results provide tight bounds for this price. Key parameters to these bounds are number of possible efforts, the likelihood ratio evaluated at the highest outcome, and the ratio between costs of the highest and the lowest efforts ...