Sociobiophysicality And The Necessity Of Critical Theory: Moving Beyond Prevailing Conceptions Of Environmental Sociology In The Usa,
2014
Northern Michigan University
Sociobiophysicality And The Necessity Of Critical Theory: Moving Beyond Prevailing Conceptions Of Environmental Sociology In The Usa, Alex Stoner
Journal Articles
Today, to perceive the link between society and environment does not require that we engage in an effort of great abstraction. What remains paradoxical is that the intensity and scale of societally induced environmental degradation, which rose to historically unprecedented levels during the latter half of the 20th century, is synchronous with an equally impressive increase in public concern for and attention to the biophysical world. This article examines values-based and traditional Marxist-oriented approaches to environmental sociology in the USA in order to assess whether or not – and if so, how exactly – these approaches help us make sense …
Bank Lending Channel Effectiveness And Loan Sales In The Us,
2014
University of the Pacific
Bank Lending Channel Effectiveness And Loan Sales In The Us, Sharmila K. King, Michael R. Jonas
College of the Pacific Faculty Articles
This paper examines whether banks that sell loans in the secondary market respond differently to a monetary policy innovation from those that do not engage in loan sales. We answer this question by measuring the policy response while controlling for loan sales activities. Using a simple theoretical model and U.S. bank-level Call Report longitudinal data for the period 1991Q1-2008 Q4, we conduct a dynamic panel regression analysis. We find that the long-run response to a typical policy shock is three times greater for mid-size banks engaging in loan sales. Given the increase in proportion of banks engaging in loan sales, …
Differences Between The Early Stages Of The Unemployment Rates: The Great Recession Vs. The Great Depression,
2014
Touro College
Differences Between The Early Stages Of The Unemployment Rates: The Great Recession Vs. The Great Depression, Lall Ramrattan, Michael Szenberg
Lander College of Arts and Sciences Publications and Research
We test for differences between the Great Recession and the Great Depression in the US, using unemployment rates. The test used is ANOVA. The hypothesis advanced is that the early phases of the recession and depression are non-different. At first we reject the hypothesis. But by incorporating government involvement for the two periods, we obtain moderate arguments for the acceptance of the hypothesis. The paper starts out with background ideas of the two periods, then proceeds to the testing based on actual data, deviation of actual from normal or NAIRU rates, and adjusted data for government capital injection and subsidies.
An Instructive Case In Referencing, Priority Conflict And Ethics: The Role Of An Editor In A Scholarly Journal,
2014
Touro College
An Instructive Case In Referencing, Priority Conflict And Ethics: The Role Of An Editor In A Scholarly Journal, Michael Szenberg
Lander College of Arts and Sciences Publications and Research
The author discusses the high standard of ethics that editors must adhere to. He reviews a controversy concerning citation and priority of publication that arose between the authors of two different articles on the same subject published in two different journals, and also discusses the role played by the editor of a journal.
Kentucky Annual Economic Report 2014,
2014
University of Kentucky
Kentucky Annual Economic Report 2014, Christopher R. Bollinger, William H. Hoyt, David Blackwell, Michael T. Childress
Kentucky Annual Economic Report
No abstract provided.
Global Expansion Of National Securities Laws: Extraterritoriality And Jurisdictional Conflicts,
2014
Columbia University Law School
Global Expansion Of National Securities Laws: Extraterritoriality And Jurisdictional Conflicts, Junsun Park
The University of New Hampshire Law Review
[Excerpt] “As securities fraud has grown increasingly transnational, it has become necessary to expand the reach of anti-fraud provisions to persons and entities participating in global securities markets. So far, however, no single antifraud provision exists to govern the entire global marketplace. Although each country strives to combat international securities fraud by using its own regulatory regime, problems can develop when extraterritorial application of national securities laws leads to regulatory overlapping or conflicts. In light of these problems, it is necessary to set forth clear guidelines for determining whether national securities laws can apply extraterritorially and, if so, how far …
How Does Employment Growth In Wisconsin Compare To Other States Over The Past Decade?,
2014
University of Wisconsin Milwaukee
How Does Employment Growth In Wisconsin Compare To Other States Over The Past Decade?, Marc V. Levine
Center for Economic Development Publications
No abstract provided.
Identifying The Factors That Influence Changes In Aggregate Sentiment Among The Masses: An Analysis Of The Measure Of Consumer Sentiment Through A Conflict Analysis And Resolution Lens,
2014
Nova Southeastern University
Identifying The Factors That Influence Changes In Aggregate Sentiment Among The Masses: An Analysis Of The Measure Of Consumer Sentiment Through A Conflict Analysis And Resolution Lens, Michael Carl Letamendi
Department of Conflict Resolution Studies Theses and Dissertations
The University of Michigan's Survey Research Center developed a tool to quantify how people feel towards the state of the economy. Dr. George Katona, a psychologist and professor at the University of Michigan developed the Index of Consumer Sentiment (ICS) in the 1940s. As decades of data were collected on aggregate consumer sentiment through the 50s and 60s, a discovery was made. The ICS seemed to indirectly predict the direction of the economy by accurately anticipating aggregate purchasing versus saving decisions. The index is even used today by the U.S. Government to measure consumer confidence and has been noted to …
Cash Holdings Of S&P Firms Over The Past Decade,
2014
The University of Texas at Tyler
Cash Holdings Of S&P Firms Over The Past Decade, Mary Fischer, Treba Marsh, Todd A. Brown
Faculty Publications
Over the past decade, financial research suggests US firms hold a significant amount of cash. This growing amount of cash has attracted attention from economists, the business press and government. A firm’s cash balance could well indicate the firm elects to hold cash rather than invest in suboptimal investments. There are trade-offs between holding too much cash and holding too little. This exploratory study attempts to find financial relationships that explain the cash held by S&P 100 firms over the decade from fiscal year 2002 to 2011.
Elections And Asset Pricing: The Politically Sensitive Equity Of Us Military Contractors,
2014
Wayne State University
Elections And Asset Pricing: The Politically Sensitive Equity Of Us Military Contractors, Matthew Mark Ross
Wayne State University Dissertations
I quantify the relationship between political uncertainty and equity volatility in the months around US elections from 1989-2012. The Economic Policy Uncertainty Index and Stockholm International Peace Research Institute (SIPRI) data are employed to measure political uncertainty faced by military contractors, capitalizing on the unique monopsony-oligopoly business environment of these firms. I employ a GARCH (1,1) model with cross-sectionally correlated moments to produce daily firm-election volatility measures. Volatility increases 11% for local, 27% for midterm, and 43% for presidential elections. These measures demonstrate that all election categories: local, federal, presidential, and midterm exhibit differential effects on equity volatility. My results …
Search Engines And Data Retention: Implications For Privacy And Antitrust,
2014
Occidental College
Search Engines And Data Retention: Implications For Privacy And Antitrust, Lesley Chiou, Catherine Tucker
Lesley Chiou
This paper investigates whether larger quantities of historical data confer a competitive advantage to firms that offer Internet search. We study how the length of time that search engines retained their server logs affected the apparent accuracy of subsequent searches. Our analysis exploits changes in these policies prompted by the actions of the European Commission. We find little empirical evidence that reducing the length of storage of past search engine searches affected the accuracy of search. Our results suggest that the possession of historical data confers less of a competitive advantage than is sometimes supposed. Our results also suggest that …
The Exporter Productivity Premium Along The Productivity Distribution: Evidence From Quantile Regression With Nonadditive Firm Fixed Effects,
2014
Rand Corporation
The Exporter Productivity Premium Along The Productivity Distribution: Evidence From Quantile Regression With Nonadditive Firm Fixed Effects, David Powell, Joachim Wagner
David Powell
A vast literature on the international activities of heterogeneous firms finds the existence of a positive exporter productivity premium. On average, exporting firms are more productive than firms that sell on the national market only. The Melitz (2003) model, however, has implications for not only mean differences but also differences in the distribution of productivity. Furthermore, exporting firms may be different from non-exporting firms for reasons that are not included in the Melitz model. We believe that conditioning on firm fixed effects and studying the distribution of productivity are both necessary for empirical tests of the Melitz model. This paper …
Temperature And The Allocation Of Time: Implications For Climate Change,
2014
Columbia University
Temperature And The Allocation Of Time: Implications For Climate Change, Joshua Graff Zivin, Matthew Neidell
Joshua Graff Zivin
No abstract provided.
Temporal And Spatial Heterogeneity Of Marginal Emissions: Implications For Electric Cars And Other Electricity-Shifting Policies,
2014
University of California - San Diego
Temporal And Spatial Heterogeneity Of Marginal Emissions: Implications For Electric Cars And Other Electricity-Shifting Policies, Joshua Graff Zivin, Matthew Kotchen, Erin Mansur
Joshua Graff Zivin
No abstract provided.
The Construction Of Morals,
2014
ETH Zurich
The Construction Of Morals, Daniel L. Chen, Susan Yeh
Susan Yeh
When do policies generate expressive or backlash effects? Recent economic models suggest that where a proscribed activity is prevalent, permissive laws liberalize attitudes toward partakers while increasing utility. The opposite occurs in communities where the proscribed activity is rare. To test these predictions, we randomize data entry workers to transcribe newspaper summaries of liberal or conservative court decisions about obscenity. We find that liberal obscenity decisions liberalize individual and perceived community standards and increase utility. Yet religious workers become more conservative in their values, identify as more Republican, view community standards as becoming more liberal, and report lower utility. Workers …
Network Formation And Financial Fragility,
2014
The University of Queensland
Network Formation And Financial Fragility, Danilo Lopomo Beteto Wegner
Danilo Lopomo Beteto Wegner
A tractable model of the formation of financial networks is developed, allowing the use of concepts from portfolio theory. The optimal financial network maximizes a Sharpe ratio defined for financial networks, whereas the equilibrium financial network emerges from banks bargaining over future proceeds of co-investment opportunities. Measures of financial fragility, systemic risk and robustness are developed. The equilibrium financial network is shown to be the most connected and with the lowest level of financial fragility, whereas the optimal is the one least connected and with lowest exposure to systemic risk, being also the most robust financial network.
A Reinterpretation Of The Gordon And Barro Model In Terms Of Financial Stability,
2014
The University of Queensland
A Reinterpretation Of The Gordon And Barro Model In Terms Of Financial Stability, Danilo Lopomo Beteto Wegner
Danilo Lopomo Beteto Wegner
A government bailout model based on the framework of time-consistent monetary policy of Barro and Gordon (83) is developed. In the model, the banking sector and the government play a game where the former chooses a bailout expectation whereas the later reacts by choosing its optimal bailout policy. The banking sector is assumed to be perfectly competitive, aiming only at anticipating the bailout policy. An excess of credit ensues and firms over-invest, which can be amended by an appropriately chosen reserve requirement. The government faces a trade-off between efficiency and stability in trying to minimize the costs of intervention.
Игры В Призрачном Мире Теневой Банковской Деятельности,
2014
iems
Игры В Призрачном Мире Теневой Банковской Деятельности, Bryane Michael
Брайн Майкл
В своем анализе мы, ско- рее, делаем акцент на способах, позволяю- щих теневому банковскому сектору прино- сить пользу отдельным предпринимателям и компаниям на быстроразвивающихся рынках. Кредиты от таких «небанковских финансовых учреждений», как их часто на- зывают, способны помочь в ослаблении се- рьезных кредитных ограничений во многих анализируемых нами экономических систе- мах. Вследствие этого мы предпочли сосре- доточиться на том, каким образом отдель- ные предприниматели и компании могут предоставлять недорогие кредиты, предла- гать инвесторам доход, генерируемый та- кими кредитами, и при этом по-прежнему получать прибыль.
Human Capital Index Series,
2014
Universidad Autonoma de Coahuila
Human Capital Index Series, Vicente German-Soto
Vicente German-Soto
Database of Human Capital index for the Mexican States, 1960-2008.
Job Insecurity Isn't Always Efficient,
2014
Federal Trade Commission
Job Insecurity Isn't Always Efficient, David J. Balan, Dan Hanner
David J. Balan
Workers value job security. If at least some workers value it enough, then it is efficient for at least some firms to adopt policies in which they commit (implicitly or explicitly) not to dismiss employees except for “just-cause,” as opposed to policies in which employers are free to dismiss employees “at-will.” In this paper, we develop a simple model in which the equilibrium distribution of workers between just-cause firms and at-will firms is not generally efficient: there can be inefficiently many workers in just-cause firms or inefficiently few. If there are inefficiently few, then a tax or even a ban …
