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1269 full-text articles. Page 1 of 41.

Consequences Of Information Asymmetry On Corporate Risk Management, Howard J. Merrill III 2017 Buffalo State

Consequences Of Information Asymmetry On Corporate Risk Management, Howard J. Merrill Iii

Applied Economics Theses

This paper will demonstrate the impact information asymmetry has on risk management. There is a noticeable impact within the context of consumer credit risk. If a firm is able to recognize this, they can make improved credit decisions that will reduce the consequences. The theoretical impact will be presented while depicting areas of risk management that are susceptible to information asymmetry. We find a direct impact on the development of scoring models, credit policies, and origination volume. These results hold for banks with portfolios consisting of consumer credit products and small business loans. Once known, banks can better tailor their ...


Do Farm Subsidies Affect Crop Diversification?, Chadwick O'Neal 2017 Georgia College

Do Farm Subsidies Affect Crop Diversification?, Chadwick O'Neal

Georgia College Student Research Events

The United States spends $20 billion each year on farm subsidies. Farmers face increased risk and income variation when their crop portfolio is less diversified. It’s possible for farm subsidies to decrease diversification if they are focused on specific crops. Utilizing state level subsidy and agricultural data from the Environmental Working Group, I used econometric analysis to estimate the effect of farm subsidies on crop diversification. I used the number of acres planted from the 15 top most subsidized and grown crops in the United States to derive my dependent variable, the Herfindahl-Hirschman index (HHI). The HHI is a ...


Closing The Gender Gap: The Effect Of Political Gender Quotas And Female Employment Indicators In South America, Courtney Reid 2017 Georgia State University

Closing The Gender Gap: The Effect Of Political Gender Quotas And Female Employment Indicators In South America, Courtney Reid

Georgia State Undergraduate Research Conference

No abstract provided.


17-07 Profitable Horizontal Mergers Without Efficiencies Can Increase Consumer Surplus, Charles J. Thomas 2017 Chapman University

17-07 Profitable Horizontal Mergers Without Efficiencies Can Increase Consumer Surplus, Charles J. Thomas

ESI Working Papers

In a simple model I show consumer surplus can increase after competing sellers consummate a profitable merger that generates no cost savings. This finding contrasts sharply with the conventional wisdom that horizontal mergers without efficiencies must enhance sellers’ market power to be profitable, thereby harming buyers. The model fits industries in which individual buyers conduct distinct procurement contests for which sellers incur costs to participate, say to assess their product’s fit with the buyer’s preferences. Mergers benefit buyers by inducing stronger contest-level entry, echoing common claims from merging parties that their merger is beneficial because it creates a ...


17-06 The Ideological Roots Of Institutional Change, Murat Iyigun, Jared Rubin 2017 University of Colorado

17-06 The Ideological Roots Of Institutional Change, Murat Iyigun, Jared Rubin

ESI Working Papers

Why do some societies fail to adopt more efficient institutions in response to changing economic conditions? And why do such conditions sometimes generate ideological backlashes and at other times lead to transformative sociopolitical movements? We propose an explanation that highlights the interplay--or lack thereof--between new technologies, ideologies, and institutions. When new technologies emerge, uncertainty results from a lack of understanding how the technology will fit with prevailing ideologies and institutions. This uncertainty discourages investment in institutions and the cultural capital necessary to take advantage of new technologies. Accordingly, increased uncertainty during times of rapid technological change may generate an ideological ...


17-08 The Cultural Transmission Of Trust Norms: Evidence From A Lab In The Field On A Natural Experimen, Jared Rubin, Elira Karaja 2017 Chapman University

17-08 The Cultural Transmission Of Trust Norms: Evidence From A Lab In The Field On A Natural Experimen, Jared Rubin, Elira Karaja

ESI Working Papers

We conduct trust games in three villages in a northeastern Romanian commune. From 1775-1919, these villages were arbitrarily assigned to opposite sides of the Habsburg and Ottoman/Russian border despite being located seven kilometers apart. Russian and Ottoman Öscal institutions were more rapacious than Habsburg institutions, which may have eroded trust of outsiders (relative to co-villagers). Our design permits us to rigorously test this conjecture, and more generally, whether historically institutionalized cultural norms are transmitted intergenerationally. We Önd that participants on the Ottoman/Russian side are indeed less likely to trust outsiders but more likely to trust co-villagers.


The Expected Cost Of Housing Discrimination, Quinton Babcock 2017 Kent State University

The Expected Cost Of Housing Discrimination, Quinton Babcock

Undergraduate Research Symposium

The aim of this research is to increase the understanding regarding discrimination in the home rental market, especially in a way that is applicable to individuals, by constructing a framework with which its expected cost can be found. After estimating an expected cost, this research seeks to use that cost as a platform to explore conditions surrounding this expected cost. Furthermore, this research makes a case for why this should be an important issue among Disability Studies scholars and Disability Rights activists.

Starting with 1988 amendments to the Fair Housing Act, America has made a legal effort to secure fair ...


17-04 Deception And Reception: The Behavior Of Information Providers And Users, Roman M. Sheremeta, Timothy W. Shields 2017 Chapman University

17-04 Deception And Reception: The Behavior Of Information Providers And Users, Roman M. Sheremeta, Timothy W. Shields

ESI Working Papers

We investigate the behavior of information providers (underwriters) and users (investors) in a controlled laboratory experiment where underwriters have incentives to deceive and investors have incentives to avoid deception. Participants play simultaneously as underwriters and investors in one-shot information transmission games. The results of our experiment show a significant proportion of both deceptive and non-deceptive underwriters. Despite the presence of deceptive underwriters, investors are receptive to underwriters’ reports, gleaning information content, albeit overly optimistic. Within our sample, deception by underwriters and reception by investors are the most profitable strategies. Moreover, participants who send deceptive reports to investors, but at the ...


17-03 Targeted Campaign Competition, Loyal Voters, And Supermajorities, Pierre C. Boyer, Kai A. Konrad, Brian Roberson 2017 Université Paris-Saclay

17-03 Targeted Campaign Competition, Loyal Voters, And Supermajorities, Pierre C. Boyer, Kai A. Konrad, Brian Roberson

ESI Working Papers

We consider campaign competition in which candidates compete for votes among a continuum of voters by engaging in persuasive efforts that are targetable. Each individual voter is persuaded by campaign effort and votes for the candidate who targets more persuasive effort to this voter. Each candidate chooses a level of total campaign effort and allocates their effort among the set of voters. We completely characterize equilibrium for the majoritarian objective game and compare that to the vote-share maximizing game. If the candidates are symmetric ex ante, both types of electoral competition dissipate the rents from once in expectation. However, the ...


17-02 The Paradox Of Power: Understanding Fiscal Capacity In Imperial China And Absolutist Regimes, Debin Ma, Jared Rubin 2017 London School of Economics

17-02 The Paradox Of Power: Understanding Fiscal Capacity In Imperial China And Absolutist Regimes, Debin Ma, Jared Rubin

ESI Working Papers

Tax extraction in Qing China was low relative to Western Europe. It is not obvious why: China was much more absolutist and had stronger rights over property and people. Why did the Chinese not convert their absolute power into revenue? We propose a model, supported by historical evidence, which suggests that i) the center could not ask its tax collecting agents to levy high taxes because it would incentivize agents to overtax the peasantry; ii) the center could not pay agents high wages in return for high taxes because the center had no mechanism to commit to refrain from confiscating ...


2017 Updated Tables And Charts For Ec 845 Nebraska Cash Soybean Prices And Basis Patterns, Cory Walters, Jessica J. Groskopf 2017 UNL

2017 Updated Tables And Charts For Ec 845 Nebraska Cash Soybean Prices And Basis Patterns, Cory Walters, Jessica J. Groskopf

Extension Farm and Ranch Management

No abstract provided.


2017 Updated Tables And Figures For Ec 844 Nebraska Wheat Prices And Basis Patterns, Cory Walters, Jessica J. Groskopf 2017 UNL

2017 Updated Tables And Figures For Ec 844 Nebraska Wheat Prices And Basis Patterns, Cory Walters, Jessica J. Groskopf

Extension Farm and Ranch Management

No abstract provided.


2017 Updated Tables And Figures For Ec 846 Nebraska Cash Corn Prices And Basis Patterns, Cory Walters, Jessica J. Groskopf 2017 UNL

2017 Updated Tables And Figures For Ec 846 Nebraska Cash Corn Prices And Basis Patterns, Cory Walters, Jessica J. Groskopf

Extension Farm and Ranch Management

No abstract provided.


17-01 Bubbles In Experimental Asset Markets, Praveen Kujal, Owen Powell 2017 Chapman University

17-01 Bubbles In Experimental Asset Markets, Praveen Kujal, Owen Powell

ESI Working Papers

"One can define a bubble as a persistent increase in the price of an asset over and above its fundamental value with an abrupt fall in prices when no buyers are available to make purchases. The occurrence of market bubbles has a long history, starting with the Dutch Tulip Mania (1624-1637) to the South Sea and Mississippi Bubble (1716-1720), the British Railway Mania (1840´s) to the crash of 1929. Recent events have been the crash of 1987, the dot-com bubble (1990s) to the most recent housing crisis in early 2000. Even though bubbles, and a subsequent crash, may reallocate ...


17-05 Humans’ (Incorrect) Distrust Of Reflective Decisions, Antonio Cabrales, Antonio M. Espín, Praveen Kujal, Stephen Rassenti 2017 University College London

17-05 Humans’ (Incorrect) Distrust Of Reflective Decisions, Antonio Cabrales, Antonio M. Espín, Praveen Kujal, Stephen Rassenti

ESI Working Papers

Recent experiments suggest that social behavior may be shaped by the time available for decision making. It is known that fast decision making relies more on intuition whereas slow decision making is affected by reflective processes. Little is known, however, about whether people correctly anticipate the effect of intuition vs. reflection on others’ decision making. This is important in everyday situations where anticipating others’ behavior is often essential. A good example of this is the extensively studied Trust Game where the trustor, by sending an amount of money to the trustee, runs the risk of being exploited by the trustee ...


Does Increased Access To The Arts In High Schools In The Los Angeles Unified School District Affect Graduation Rates?, Elizabeth K. Gile 2017 Scripps College

Does Increased Access To The Arts In High Schools In The Los Angeles Unified School District Affect Graduation Rates?, Elizabeth K. Gile

Scripps Senior Theses

Determining whether the arts are beneficial to a student’s education is a widely, and hotly debated topic every year in the United States, with many studies published each year demonstrating the impact that the arts have on various educational outcomes, from increased test scores to higher graduation rates. This paper examines previous research on the efficacy of incentives and how students’ participation in extracurricular activities, from sports to the arts, could impact graduation rates. It also develops a model for analyzing the present value of a high school education to a student using a discounted present value analysis and ...


The Impacts Of Foreign Labor Migration Of Men On Women's Empowerment In Nepal, Pratistha Joshi Rajkarnikar 2017 University of Massachusetts Amherst

The Impacts Of Foreign Labor Migration Of Men On Women's Empowerment In Nepal, Pratistha Joshi Rajkarnikar

Doctoral Dissertations May 2014 - current

This dissertation looks into the changes in the lives of Nepalese women due to the rapidly increasing foreign labor migration of men. Literature on migration from Nepal mostly focuses on economic gains made through remittance inflows. The changes in intra-household power relations and the transformations in women’s lives, due to the male-dominated nature of Nepalese migration, are largely neglected. My study fills this gap, by examining women’s experiences, as they assume the role of household heads, financial managers and single parents, in a society that has historically suppressed their freedom. I specifically focus on the changes in women ...


Determinants Of Homeownership Among Immigrants: Changesduring The Great Recession And Beyond, Kusum Mundra, Ruth Uwaifo Oyelere 2016 Morehouse College

Determinants Of Homeownership Among Immigrants: Changesduring The Great Recession And Beyond, Kusum Mundra, Ruth Uwaifo Oyelere

Ruth Uwaifo Oyelere

No abstract provided.


16-31 All-Pay Auctions With Ties, Alan Gelder, Dan Kovenock, Brian Roberson 2016 Institute for Defense Analyses

16-31 All-Pay Auctions With Ties, Alan Gelder, Dan Kovenock, Brian Roberson

ESI Working Papers

We study the two-player, complete information all-pay auction in which a tie ensues if neither player outbids the other by more than a given amount. In the event of a tie, each player receives an identical fraction of the winning prize. Thus players engage in two margins of competition: losing versus tying, and tying versus winning. Two pertinent parameters are the margin required for victory and the value of tying relative to winning. We fully characterize the set of Nash equilibria for the entire parameter space. For much of the parameter space, there is a unique Nash equilibrium which is ...


16-32 A Perspective On Electronic Alternatives To Traditional Currencies, Gabriele Camera 2016 Chapman University

16-32 A Perspective On Electronic Alternatives To Traditional Currencies, Gabriele Camera

ESI Working Papers

The institution of money is rapidly evolving thanks to developments in computer-based cryptography. Technological advances have made possible the creation of cost-effective electronic alternatives to banknotes and coins, which are the traditional physical currencies. This document aims to describe — based on scientific literature — the use and characteristics of money, some of the problems associated with issuing a new currency or a new payment instrument, and the possible comparative advantages of a central bank in leading the way relative to private issuers.


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