Transaction Cost-Benefit Analysis, With Applications To Financial Regulation,
2013
Geroge Mason University School of Law
Transaction Cost-Benefit Analysis, With Applications To Financial Regulation, D. Bruce Johnsen
D. Bruce Johnsen
As Coase convincingly showed, transaction costs inhibit the ability of market participants to achieve first-best outcomes. This paper proposes a novel and relatively simple alternative to traditional cost-benefit analysis when regulated parties face sufficiently low transaction costs that they can bargain directly or rely on competitive markets to set efficient terms of trade. In these settings, the only informational burdens financial market regulators need bear to assess corrective rules is to identify the relevant parties, the “good” they hope to exchange, and the transaction costs that inhibit them from maximizing joint gains from trade. A rule is justified only if …
Building The Science Of Public Health Delivery: Advances In Public Health Services And Systems Research,
2013
University of Kentucky
Building The Science Of Public Health Delivery: Advances In Public Health Services And Systems Research, Glen Mays
Glen Mays
Efforts to improve the health and economic performance of the U.S. health system require evidence about how best to deliver public health strategies that protect health and prevent disease and injury on a population-wide basis. The field of public health services and systems research is building a "science of delivery" in public health that complements the evidence-based practice movement in medical care.
Building The Science Of Public Health Delivery: Advances In Public Health Services And Systems Research,
2013
University of Kentucky
Building The Science Of Public Health Delivery: Advances In Public Health Services And Systems Research, Glen Mays
Glen Mays
Efforts to improve the health and economic performance of the U.S. health system require evidence about how best to deliver public health strategies that protect health and prevent disease and injury on a population-wide basis. The field of public health services and systems research is building a "science of delivery" in public health that complements the evidence-based practice movement in medical care.
The Causal Effect Of Market Priming On Trust: An Experimental Investigation Using Randomized Control,
2013
George Mason University - ICES
The Causal Effect Of Market Priming On Trust: An Experimental Investigation Using Randomized Control, Omar Al-Ubaydli, Daniel E. Houser, John Nye, Maria Pia Paganelli, Xiaofei Pan
Economics Faculty Journal Articles
We report data from laboratory experiments where participants were primed using phrases related to markets and trade. Participants then participated in trust games with anonymous strangers. The decisions of primed participants are compared to those of a control group. We find evidence that priming for market participation affects positively the beliefs regarding the trustworthiness of anonymous strangers and increases trusting decisions.
The Causal Effect Of Market Priming On Trust: An Experimental Investigation Using Randomized Control,
2013
Trinity University
The Causal Effect Of Market Priming On Trust: An Experimental Investigation Using Randomized Control, Omar Al-Ubaydli, Daniel Houser, John Nye, Maria Pia Paganelli, Xiaofei Sophia Pan
Economics Faculty Research
We report data from laboratory experiments where participants were primed using phrases related to markets and trade. Participants then participated in trust games with anonymous strangers. The decisions of primed participants are compared to those of a control group. We find evidence that priming for market participation affects positively the beliefs regarding the trustworthiness of anonymous strangers and increases trusting decisions.
Social Costs Of Jobs Lost Due To Environmental Regulations,
2013
W.E. Upjohn Institute for Employment Research
Social Costs Of Jobs Lost Due To Environmental Regulations, Timothy J. Bartik
Upjohn Institute Working Papers
This paper estimates the social costs of job loss due to environmental regulation. Per job lost, potential social costs of job loss are high, plausibly over $100,000 in present value costs (2012 dollars) per permanently lost job. However, these social costs will typically be far less than the earnings associated with lost jobs, because labor markets and workers adjust, increased leisure has some value, and employers benefit from wage reductions. A plausible range for social costs is 8–32 percent of the associated earnings of the lost jobs. Social costs will be higher for older workers, high-wage jobs, and in high …
The Stability Of Offshore Outsourcing Relationships: The Role Of Relation Specificity And Client Control,
2013
University of Massachusetts Boston
The Stability Of Offshore Outsourcing Relationships: The Role Of Relation Specificity And Client Control, Stephan Manning, Arie Y. Lewin, Marc Schuerch
Stephan Manning
Offshore outsourcing of administrative and technical services has become a mainstream business practice. Increasing commoditization of business services and growing client experience with outsourcing have created a range of competitive service delivery options for client firms. Yet, data from the Offshoring Research Network (ORN) suggests that, despite increasing market options and growing client quality and cost efficiency expectations, clients typically renew provider contracts and develop longer-term relationships with providers. Based on ORN data, this paper explores drivers of this phenomenon. The findings suggest that providers promote contract renewal by making client specific investments in software, IT infrastructure and training, and …
Securing Access To Lower-Cost Talent Globally: The Dynamics Of Active Embedding And Field Structuration,
2013
University of Massachusetts Boston
Securing Access To Lower-Cost Talent Globally: The Dynamics Of Active Embedding And Field Structuration, Stephan Manning, Joerg Sydow, Arnold Windeler
Stephan Manning
This article examines how multinational corporations (MNCs) shape institutional conditions in emerging economies to secure access to high-skilled, yet lower-cost science and engineering talent. Based on two in-depth case studies of engineering offshoring projects of German automotive suppliers in Romania and China we analyze how MNCs engage in ‘active embedding’ by aligning local institutional conditions with global offshoring strategies and operational needs. MNCs thereby contribute to the structuration of field relations and practices of sourcing knowledge-intensive work from globally dispersed locations.Our findings stress the importance of institutional processes across geographic boundaries that regulate and get shaped by MNC activities.
New Silicon Valleys Or A New Species? Commoditization Of Knowledge Work And The Rise Of Knowledge Services Clusters,
2013
University of Massachusetts Boston
New Silicon Valleys Or A New Species? Commoditization Of Knowledge Work And The Rise Of Knowledge Services Clusters, Stephan Manning
Stephan Manning
This paper explores knowledge services clusters (KSCs) as a distinct and increasingly important form of geographic cluster, in particular in emerging economies: KSCs are defined as geographic concentrations of lower-cost skills serving global demand for increasingly commoditized knowledge services. Based on prior research on clusters and services offshoring, and data from the Offshoring Research Network (ORN), major properties and contingencies of KSC growth are discussed and compared with both high-tech clusters and low-cost manufacturing clusters. Special emphasis is put on the ambivalent effect of commoditization of knowledge work on KSC growth: It is proposed that KSCs attract most projects if …
National Contexts Matter: The Co-Evolution Of Sustainability Standards In Global Value Chains,
2013
University of Massachusetts Boston
National Contexts Matter: The Co-Evolution Of Sustainability Standards In Global Value Chains, Stephan Manning, Frank Boons, Oliver Von Hagen, Juliane Reinecke
Stephan Manning
In this paper, we investigate the role of key industry and other stakeholders and their embeddedness in particular national contexts in driving the proliferation and co-evolution of sustainability standards, based on the case of the global coffee industry. We find that institutional conditions and market opportunity structures in consuming countries have been important sources of standards variation, for example in the cases of Fairtrade, UTZ Certified and the Common Code for the Coffee Community (4C). In turn, supplier structures in producing countries as well as their linkages with traders and buyers targeting particular consuming countries have been key mechanisms of …
Game Over For First Sale,
2013
SelectedWorks
Game Over For First Sale, Stephen J. Mcintyre
Stephen J McIntyre
Video game companies have long considered secondhand game retailers a threat to their bottom lines. With the next generation of gaming consoles on the horizon, some companies are experimenting with technological tools to discourage and even prevent gamers from buying and selling used games. Most significantly, a recent patent application describes a system for suppressing secondhand sales by permanently identifying game discs with a single video game console. This technology flies in the face of copyright law’s “first sale” doctrine, which gives lawful purchasers the right to sell, lease, and lend DVDs, CDs, and other media. This Article answers a …
Profecía De Matsushita,
2013
SelectedWorks
Turning Followers Into Dollars: The Impact Of Social Media On A Movie’S Financial Performance,
2013
State University of New York at Geneseo
Turning Followers Into Dollars: The Impact Of Social Media On A Movie’S Financial Performance, Joshua J. Kaplan
Undergraduate Economic Review
This paper examines the impact of social media, specifically Twitter, on the domestic gross box office revenue of 207 films released in the United States between 2009 and 2011. We find that under two different specifications the impact of Twitter on gross revenue and gross revenue per theater is statistically significant when accounting for several control variables. The models show statistical significance of runtime, and production budget. We also find that a film’s release period, genre, rating received, and whether or not it is based on previous material proved to be statistically significant factors in determining a film's domestic gross.
Evaluating The Written Work Of Others: One Way Economics Students Can Learn To Write,
2013
Marshall University
Evaluating The Written Work Of Others: One Way Economics Students Can Learn To Write, Harlan M. Smith Ii, Amy Broughton, Jaime Copley
Harlan M. Smith
The authors present a series of writing assignments that teaches students how to evaluate and critique the written economic work of others. The foundation text is McCloskey’s (2000) Economical Writing. The students’ dialogues with McCloskey, with each other, and with the authors of the pieces they evaluate sharpen their understanding of, and ability to use, language as an instrument of economic thought. Interviews with former students identify specific benefits from the student perspective of this approach. The authors show how the assignment series can be modified in several ways and how the general approach, as well as the foundation text, …
Introducing Students To The Competing Schools Of Thought In Intermediate Macroeconomics,
2013
Marshall University
Introducing Students To The Competing Schools Of Thought In Intermediate Macroeconomics, Harlan M. Smith Ii
Harlan M. Smith
The article discusses how the intermediate macroeconomics instructor can introduce students to ways of old and new Keynesians and classical theorists addressed the question on why output and employment fluctuate. Keynesian macroeconomics characterizes a school of thought developed around two central prepositions. New Keynesians develop alternative ways of explaining short-run movements in output and employment in the early 1970's. All individuals maximize utility, firm maximizes profits. Recently, new classicals developed an alternative approach in explaining short-run fluctuation in employment and output by redefining the concept of the short run.
Colby College
The Natural: How One High School Football Star, Economics Major, Ex-It Manager, Red Sox Fan, Proponent Of A "No-Jerks" Policy, And Kids' Baseball Coach Has Risen To The Top Of International Banking, Gerry Boyle
Colby Magazine
Bob Diamond ’73 is an ex-linebacker, former IT manager, devoted Red Sox fan, and youth baseball coach. He also has managed to rise to—and excel at—the highest levels of international banking.
Risk-Neutral Modeling With Affine And Nonaffine Models,
2013
University of Colorado Boulder
Risk-Neutral Modeling With Affine And Nonaffine Models, Garland Bennett Durham
Finance
Option prices provide a great deal of information regarding the market’s expectations of future asset price dynamics. But, the implied dynamics are under the risk-neutral measure rather than the physical measure under which the price of the underlying asset itself evolves. This article demonstrates new techniques for joint analysis of the physical and risk-neutral models using data from both the underlying asset and options. While much of the prior work in this area has focused on affine and affine-jump models because of their analytical tractability, the techniques used in this article are straightforward to apply to a broad class of …
What You Should Know About "Right To Work" Laws, 2013 Update,
2013
The University of Maine
What You Should Know About "Right To Work" Laws, 2013 Update, Bureau Of Labor Education. University Of Maine
Bureau of Labor Education
This is a brief 2013 update to the Bureau of Labor Education’s (BLE) 2011 briefing paper, “The Truth about ‘Right to Work’ Laws.” As documented in the 2011 BLE paper, the term “right-to-work” is highly misleading, and many studies have shown that RTW laws are not helpful to the well-being of working people. “Right-to-work” does not protect against unfair firing, or promote equitable wages and decent working conditions. By undermining unions and the ability of labor and management to bargain freely, right-to-work laws weaken the ability of workers to protect their rights through a union contract. There are two major …
Financial Tools For Working Waterfronts,
2013
The University of Maine
Financial Tools For Working Waterfronts, Coastal Enterprises, Inc.
Maine Sea Grant Publications
Across the nation there are financing tools in play that have a proven track record in addressing working waterfront and waterway issues, and some that could be used for that purpose, but haven’t been to date. The Financing section is meant to be a central inventory of summarized information about these tools, with links to learn more about each program or benefit.
The Tiff Over Tif: Extending Tax Increment Financing To Municipal Maritime Infrastructure,
2013
University of Florida Levin College of Law
The Tiff Over Tif: Extending Tax Increment Financing To Municipal Maritime Infrastructure, Samantha Culp, Thomas T. Ankersen, Marissa Faerber
Maine Sea Grant Publications
Harbors, inner harbors and their navigational connection to the streams of maritime commerce are the economic and cultural lifeblood of most waterfront communities. Oddly, this connection has often been disregarded in the development and financing of municipal plans. Working waterfront communities need to find new and creative means to finance or co-finance improvements to their maritime infrastructure. One such means is through redevelopment planning and the financial vehicle known as Tax Increment Financing (TIF). Typically associated with dry land, TIF allows the incremental increase in property taxes from a base year to be captured from a defined geographic area and …
