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The New American Slavery: Capitalism And The Ghettoization Of American Prisons As A Profitable Corporate Business, David A. Liburd 2017 The Graduate Center, City University of New York

The New American Slavery: Capitalism And The Ghettoization Of American Prisons As A Profitable Corporate Business, David A. Liburd

All Graduate Works by Year: Dissertations, Theses, and Capstone Projects

The labor of enslaved Africans and Black Americans played a large part in the history of colonial America, with the American plantation being the epicenter for all that was to be produced. While the two have never been completely tied together, capitalism and modern day slavery have been linked with one another. Some analysis sees slavery as a remote form of capitalism, a substitute, to an antiquated form of labor in the modern world.

Slave plantations adopted a new concentration in size and management, referred to by W.E. DuBois as a change "from a family institution to an industrial ...


A Real Options Approach To Criminal Careers, Cristiano Aguiar de Oliveira, Giácomo Balbinotto Neto 2017 FURG and PPGOM/UFPel

A Real Options Approach To Criminal Careers, Cristiano Aguiar De Oliveira, Giácomo Balbinotto Neto

The Latin American and Iberian Journal of Law and Economics

This paper proposes a dynamic model based on real options to evaluate the criminal career. In the model, individuals can choose the best moment to engage in crime (illegal activity). The model proposed allows the evaluation of the impact of different risk preferences, punishment probability, punishment severity and, mainly time discount in the individual’s decision. Through model calibration it is possible to observe that the option for a criminal career depends on a high return in the illegal activity even when individuals are risk neutral and when they have a low time discount. The paper also discusses youth participation ...


Comparative Advantage, Capital Destruction, And Hurricanes, Martino Pelli, Jeanne Tschopp 2017 Université de Sherbrooke

Comparative Advantage, Capital Destruction, And Hurricanes, Martino Pelli, Jeanne Tschopp

Martino Pelli

The comparative advantage of countries evolves over time, yet firms do not continuously adapt their production structure to this evolution. This slow adaptation may be due to high adjustment costs, such as those associated with the disposal of existing physical capital. In practice, these costs may explain why we observe that countries export goods at both ends of the comparative advantage spectrum. This article investigates what happens if the cost of adjusting to the dynamics of comparative advantage is unexpectedly reduced. We use hurricanes to evaluate whether a negative exogenous shock to firms’ physical capital leads to a reorganization of ...


"Information, Risk Sharing And Incentives In Agency Problems", Jia Xie 2017 Bank of Canada

"Information, Risk Sharing And Incentives In Agency Problems", Jia Xie

Jia Xie

This paper studies the use of information for incentives and risk sharing in agency problems. When the principal is risk neutral or the outcome is contractible, risk sharing is unnecessary or dealt with by a contract on the outcome. In this case, information systems are ranked only according to their informativeness about the agent's action. When the outcome is noncontractible, however, the principal has to rely on imperfect information not only for incentives, but also for risk sharing. Under the first-order approach, this paper characterizes a problem-independent ranking of information systems, relaxing Gjesdal's (1982) criterion. We also find ...


Social Pressure, Transparency, And Voting In Committees, Alvaro J. Name-Correa, Huseyin Yildirim 2017 Carlos III University of Madrid

Social Pressure, Transparency, And Voting In Committees, Alvaro J. Name-Correa, Huseyin Yildirim

Huseyin Yildirim

We examine the consequences of vote transparency in committees whose members fear being blamed by partisan observers for casting an unfavorable vote. We show that such social pressure, like optimal taxation, can improve the collective decision by mitigating a voting externality. Hence, institutions may adopt public voting when the fear of blame is too little, and secret voting when the fear is too much. We also show that public voting is particularly desirable in committees with overly biased members or overly biased voting rules against the alternative.


Introducción A La Economía, Unidad 3, Vicente German-Soto 2017 Universidad Autonoma de Coahuila

Introducción A La Economía, Unidad 3, Vicente German-Soto

Vicente German-Soto

Esta es la presentación de la unidad 3 del curso.


Economía Regional, Vicente German-Soto 2017 Universidad Autonoma de Coahuila

Economía Regional, Vicente German-Soto

Vicente German-Soto

Resumen del curso de Economía Regional, Unidad 3.


Us Household Demand For Organic Fruit, Erik Nelson, John M. Fitzgerald, Nathan Tefft, John L. Anderson 2017 Bowdoin College

Us Household Demand For Organic Fruit, Erik Nelson, John M. Fitzgerald, Nathan Tefft, John L. Anderson

Economics Department Working Paper Series

We estimate US household monthly elasticities of demand for some of the more popular organic fruits. To our knowledge, this is the first US-wide, multi-year analysis of price and income elasticities for various organic fruits. We calculate elasticities of demand for low-income, middle class, and rich income bracket households using three estimation techniques: two econometric methods and one machine learning method (least absolute shrinkage and selection operator (LASSO)). Demand estimates are based on Nielsen scanner data from approximately 60,000 households collected from 2011 to 2013. Generally, we find that own-price conditional and unconditional elasticities of demand for organic fruits ...


Appendix For "Price Level Co-Movements Within Currency Unions: An Alternative Integration Metric", Gregory W. WHITTEN 2017 Lingnan University

Appendix For "Price Level Co-Movements Within Currency Unions: An Alternative Integration Metric", Gregory W. Whitten

Prof. WHITTEN Gregory William

An appendix that provides greater detail regarding cointegration and Granger causality as discussed in "Price level co-movements within currency unions: an alternative integration metric."


Assessing The Current Account Sustainability In Eccas Economies: A Dual Cointegration Analysis, AMBA OYON CLAUDE MARIUS, MBRATANA TAOUFIKI, KANE GILLES QUENTIN 2017 University of Yaounde II

Assessing The Current Account Sustainability In Eccas Economies: A Dual Cointegration Analysis, Amba Oyon Claude Marius, Mbratana Taoufiki, Kane Gilles Quentin

AMBA OYON CLAUDE MARIUS

This paper examines the sustainability of the current account deficits in eight Economic Community of Central African States (ECCAS) over the period 1970 to 2015. The empirical investigation relies on both panel and intra-panel approaches to test for long-run relationship between variables. Furthermore, non-linearity as well as asymmetric adjustment of Enders and Siklos (2001) is taken into account in cointegration analysis. Results from panel analysis show that; although exports and imports are cointegrated, the current account deficits are weakly sustainable in ECCAS. These results also hold in each country's analysis. Therefore, these eight ECCAS countries should implement policies to ...


Essays On Growth And Input Misallocation In China, Wenya Wang 2017 The University of Western Ontario

Essays On Growth And Input Misallocation In China, Wenya Wang

Electronic Thesis and Dissertation Repository

My thesis consists of three chapters that contribute to the study of input misallocation and TFP growth in China.

In Chapter 2, I compare the misallocation of intermediate goods to those of capital and labor, which have been extensively studied in the literature. To measure misallocation, I compute the dispersion of marginal products of intermediate goods across firms, and the potential output gains by eliminating this dispersion in China Industrial Enterprise Survey (CIES) data. Although the within-industry dispersion of marginal products of intermediates is smaller than that of capital and labor, gross output and value added gains from reallocating intermediate ...


Is "Help" Helpful?: Analyzing Foreign Aid In Context Of Scale, Catherine Hull 2017 Duquesne University

Is "Help" Helpful?: Analyzing Foreign Aid In Context Of Scale, Catherine Hull

Undergraduate Research and Scholarship Symposium

Foreign aid comes in many forms. Foreign aid ranges from large-scale disaster relief to small-scale individual projects within communities. Most aid efforts have the same goal – to help those who would benefit from assistance. This case study addresses the question: what form of ‘help’ is helpful? Which type of aid best achieves what it sets out to accomplish?

To directly analyze the effect of foreign aid on a region, the water-conscious organization Pure Thirst traveled to the rural community of Olkokola, Tanzania. Pure Thirst worked alongside the community members to provide a form of humanitarian aid: improved water services to ...


The Attack And Defense Of Weakest Link Networks, Dan Kovenock, Brian Roberson, Roman M. Sheremeta 2017 Chapman University

The Attack And Defense Of Weakest Link Networks, Dan Kovenock, Brian Roberson, Roman M. Sheremeta

ESI Working Papers

We experimentally test the qualitatively different equilibrium predictions of two theoretical models of attack and defense of a weakest-link network of targets. In such a network, the attacker’s objective is to successfully attack at least one target and the defender’s objective is to defend all targets. The models differ in how the conflict at each target is modeled — specifically, the lottery and auction contest success functions (CSFs). Consistent with equilibrium in the auction CSF model, attackers utilize a stochastic “guerrilla-warfare” strategy, which involves randomly attacking at most one target with a random level of force. Inconsistent with equilibrium ...


Loss Aversion And The Quantity-Quality Tradeoff, Jared Rubin, Anya Samek, Roman M. Sheremeta 2017 Chapman University

Loss Aversion And The Quantity-Quality Tradeoff, Jared Rubin, Anya Samek, Roman M. Sheremeta

ESI Working Papers

Firms face an optimization problem that requires a maximal quantity output given a quality constraint. But how do firms incentivize quantity and quality to meet these dual goals, and what role do behavioral factors, such as loss aversion, play in the tradeoffs workers face? We address these questions with a theoretical model and an experiment in which participants are paid for both quantity and quality of a real effort task. Consistent with basic economic theory, higher quality incentives encourage participants to shift their attention from quantity to quality. However, we also find that loss averse participants shift their attention from ...


Demonstration And Evaluation Of The Short-Time Compensation Program In Iowa And Oregon: Final Report, Susan Houseman, Christopher J. O'Leary, Katharine G. Abraham, Frank Bennici, Susan Labin, Richard Sigman 2017 W.E. Upjohn Institute

Demonstration And Evaluation Of The Short-Time Compensation Program In Iowa And Oregon: Final Report, Susan Houseman, Christopher J. O'Leary, Katharine G. Abraham, Frank Bennici, Susan Labin, Richard Sigman

All Star

Short-time compensation (STC) is an optional program within some state unemployment insurance (UI) systems that allows employers experiencing a temporary reduction in business to lower the average hours of employees in lieu of laying them off. Employer use of the STC option has been low in states with STC programs. We conducted demonstrations in Iowa and Oregon to evaluate the effectiveness of several interventions designed to increase employer awareness and use of STC, including disseminating information about STC to specific employers (members of the “treatment” group) over a 12-month period. The main findings support the hypothesis that lack of awareness ...


A Frontline Decision Support System For Georgia Career Centers, Randall W. Eberts, Christopher J. O'Leary 2017 W.E. Upjohn Institute

A Frontline Decision Support System For Georgia Career Centers, Randall W. Eberts, Christopher J. O'Leary

All Star

The Workforce Investment Act (WIA) of 1998 emphasizes the integration and coordination of employment services. Central to achieving this aim is the federal requirement that local areas receiving WIA funding must establish one-stop centers, where providers of various employment services within a local labor market are assembled in one location. A major challenge facing staff in these centers is the expected large volume of customers resulting from relaxed program eligibility rules. Nonetheless, resources for assessment and counseling are limited. To help frontline staff in one-stop centers quickly assess customer needs and properly target services, the U.S. Department of Labor ...


Time Series Copulas For Heteroskedastic Data, Ruben Loaiza-Maya, Michael S. Smith, Worapree Maneesoonthorn 2017 Melbourne Business School

Time Series Copulas For Heteroskedastic Data, Ruben Loaiza-Maya, Michael S. Smith, Worapree Maneesoonthorn

Michael Stanley Smith

We propose parametric copulas that capture serial dependence in stationary heteroskedastic time series. We develop our copula for first order Markov series, and extend it to higher orders and multivariate series. We derive the copula of a volatility proxy, based on which we propose new measures of volatility dependence, including co-movement and spillover in multivariate series. In general, these depend upon the marginal distributions of the series. Using exchange rate returns, we show that the resulting copula models can capture their marginal distributions more accurately than univariate and multivariate GARCH models, and produce more accurate value at risk forecasts.


Do Weapons Make Warfare? An Instrumental Variables Approach Towards Investigating The Relationship Between Small Arms Abundance, Civil Conflict Onset, And Civil Conflict Intensity, Gabriel S. Barrett 2017 Macalester College

Do Weapons Make Warfare? An Instrumental Variables Approach Towards Investigating The Relationship Between Small Arms Abundance, Civil Conflict Onset, And Civil Conflict Intensity, Gabriel S. Barrett

Political Science Honors Projects

Scholars, journalists, and policymakers frequently attribute the intensity and onset of civil conflict to the abundance of small arms. However, the direction of causality has been difficult to assess due to a lack of data on the illicit small arms market and the plausibly endogenous relationship between the abundance of weapons and civil conflict. Using a new dataset of estimated small arms prices, I determine that a decrease in the price of small arms is significantly and negatively correlated with an increase in the intensity of conflict in the following year. I also determine that small arms prices increase in ...


Fall 2017 Economics Newsletter, Economics Department 2017 St. Cloud State University

Fall 2017 Economics Newsletter, Economics Department

Economics Newsletter

No abstract provided.


Antitrust And The Design Of Production, Herbert J. Hovenkamp 2017 University of Pennsylvania Law School

Antitrust And The Design Of Production, Herbert J. Hovenkamp

Faculty Scholarship

Both economics and antitrust policy have traditionally distinguished “production” from “distribution.” The former is concerned with how products are designed and built, the latter with how they are placed into the hands of consumers. Nothing in the language of the antitrust laws suggests much concern with production as such. Although courts do not view it that way, even per se unlawful naked price fixing among rivals is a restraint on distribution rather than production. Naked price fixing assumes a product that has already been designed and built, and the important cartel decision is what should be each firm’s output ...


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