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Commercialization Of Separated Human Body Parts - Unpacking Instrumentalization Approach, Arseny Shevelev, Georgy Shevelev 2023 Pace University

Commercialization Of Separated Human Body Parts - Unpacking Instrumentalization Approach, Arseny Shevelev, Georgy Shevelev

Pace International Law Review

The principle of non-commercialization, which prohibits trade in separated human body parts, has long been firmly embedded in many European legal orders and has become an integral part of them. However, many new uses for human biomaterials have now been discovered, and the need for them has reached a historical climax. This paper aims to explain the main tenets of non-commercialization theory, including such principles as human dignity and need to protect human’s health, and to show that these categories have so far been understood in a very one-sided and visceral way, and largely in contradiction to their true spirit. …


Racial Disparities In School Poverty And Spending: Examining Allocations Within And Across Districts, Robert Bifulco, Sarah Souders 2023 Syracuse University

Racial Disparities In School Poverty And Spending: Examining Allocations Within And Across Districts, Robert Bifulco, Sarah Souders

Center for Policy Research

Using recently available school-level finance data, we compare exposure to low-income classmates and average per pupil spending for black, Hispanic, and white students. Using within metropolitan area comparisons, we find that the typical black and Hispanic students attend schools with much higher proportions of low-income students than the typical white student, and that per pupil spending in the typical black and Hispanic students’ schools is higher than in the typical white student’s school. Drawing on estimates of the additional spending required to provide low-income students equal educational opportunity, we find that it is unlikely that the additional spending in schools …


Identifying Factors To Develop And Validate A Heat Vulnerability Tool For Pakistan – A Review, Salman Muhammad Soomar, Sarmad Muhammad Soomar 2023 Aga Khan University

Identifying Factors To Develop And Validate A Heat Vulnerability Tool For Pakistan – A Review, Salman Muhammad Soomar, Sarmad Muhammad Soomar

Department of Emergency Medicine

Objective: This review will provide better insight into developing and validating a heat vulnerability assessment tool for Pakistan.
Methods:
A literature search was done to identify studies onon heat vulnerability assessment published from January 2012 to January 2021 (10 years). Online databases PubMed, Google Scholar, Scopus, and Web of science were used for the literature search.
Results:
Heat vulnerability can be evaluated by some specific determinants that have heat-related health events, including social, economic, environmental, housing, and geographical factors.
Conclusion:
This tool will identify heat vulnerability risks and mitigate morbidity and mortality.


Household Investment In 529 College Savings Plans And Information Processing Frictions, James J. Li, Olivia S. Mitchell, Christina Zhu 2023 The Wharton School, Univ. of PA

Household Investment In 529 College Savings Plans And Information Processing Frictions, James J. Li, Olivia S. Mitchell, Christina Zhu

Wharton Pension Research Council Working Papers

We investigate how information processing frictions contribute to household suboptimal saving and investment behavior. We find that 60% of open accounts in college 529 savings plans are invested suboptimally due to high expenses and tax inefficiency. Such investments yield an expected loss of 9% over the accounts’ projected lifetimes. Consistent with information processing frictions contributing to inefficient investment, the extent of investment in suboptimal home-state accounts decreases with household financial literacy and increases with plan document disclosure complexity. Overall, our results suggest that information processing frictions shape households’ suboptimal investment in college savings plans and reduce their financial well-being.


Unemployment Insurance: Fix It And Fund It, Christopher J. O'Leary, David E. Balducchi, Ralph E. Smith 2023 W.E. Upjohn Insitute for Employment Research

Unemployment Insurance: Fix It And Fund It, Christopher J. O'Leary, David E. Balducchi, Ralph E. Smith

Upjohn Institute Policy Papers

During the 2020–2021 pandemic, the federal-state unemployment insurance (UI) system in the United States nearly reached the breaking point. The surge in joblessness was matched in history only by the Great Depression of the 1930s. Congress hurriedly crafted temporary pandemic benefit assistance programs to fill benefit and eligibility gaps in state-run UI programs, handing them off to capacity-starved state UI agencies that fitfully served millions of workers and employers. After years of policy neglect and contraction, state UI programs have low benefit recipiency, meager earnings replacement rates, and inadequate benefit financing. It is time for comprehensive federal UI reform legislation, …


R&D Subsidies In Permissive And Restrictive Environment: Evidence From Korea, Yumi KOH, Gea M. LEE 2023 Singapore Management University

R&D Subsidies In Permissive And Restrictive Environment: Evidence From Korea, Yumi Koh, Gea M. Lee

Research Collection School Of Economics

This paper investigates the extent to which a regulatory environment for R&D subsidies shapes the magnitude and direction of R&D subsidies set by a government and consequent innovation paths. When the WTO adopted a permissive regulatory environment, we find that the Korean government increased R&D subsidies significantly (89.21%) and selectively so for firms and industries with higher returns. Recipient firms conducted less basic research and more development research. Improvements in innovations were mostly incremental and minor. However, such changes did not persist once the WTO switched to a restrictive regulatory environment. Our findings show that the regulatory environment imposed by …


A Taxonomy Of Non-Dictatorial Unidimensional Domains, Shurojit CHATTERJI, Huaxia ZENG 2023 Singapore Management University

A Taxonomy Of Non-Dictatorial Unidimensional Domains, Shurojit Chatterji, Huaxia Zeng

Research Collection School Of Economics

Non-dictatorial preference domains allow the design of unanimous social choice functions (henceforth, rules) that are non-dictatorial and strategy-proof. On a class of preference domains called unidimensional domains, we show that the unique seconds property characterizes all non-dictatorial domains. Subsequently, we provide an exhaustive classification of all non-dictatorial, unidimensional domains, based on a simple property of two-voter rules called invariance. The domains constituting the classification are semi-single-peaked domains and semi-hybrid domains (introduced here) which are two appropriate weakenings of single-peaked domains and shown to allow strategy-proof rules to depend on non-peak information of voters' preferences; the canonical strategy-proof rules for these …


Impact Of Demand For H1b Visas In The Us On The Performance Of Listed Indian Firms, Jayaditya Shekhar Maliye 2023 Claremont Colleges

Impact Of Demand For H1b Visas In The Us On The Performance Of Listed Indian Firms, Jayaditya Shekhar Maliye

CMC Senior Theses

This thesis examines the relationship between Indian firm performance and the demand for H1B visas in the US. To test this relationship, a fixed effects model has been used on a panel dataset of 104 Indian firms listed on the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) over the period 2009 to 2021. The results show that an increase in H1B visa demand is negatively and significantly associated with Indian firm performance. These findings suggest that the US’s demand for high skilled labor overseas has consequences for firms in the home country.


Application Of Sentiment Analysis And Machine Learning Techniques To Predict Daily Cryptocurrency Price Returns, Edward Wu 2023 Claremont Colleges

Application Of Sentiment Analysis And Machine Learning Techniques To Predict Daily Cryptocurrency Price Returns, Edward Wu

CMC Senior Theses

This paper examines the effects of social media sentiment relating to Bitcoin on the daily price returns of Bitcoin and other popular cryptocurrencies by utilizing sentiment analysis and machine learning techniques to predict daily price returns. Many investors think that social media sentiment affects cryptocurrency prices. However, the results of this paper find that social media sentiment relating to Bitcoin does not add significant predictive value to forecasting daily price returns for each of the six cryptocurrencies used for analysis and that machine learning models that do not assume linearity between the current day price return and previous daily price …


Examining The Effectiveness Of Nba General Managers At Determining Value In The Nba Draft, And The Impact Of Drafting Team On Player Future Value, Benjamin S. Glass 2023 Claremont McKenna College

Examining The Effectiveness Of Nba General Managers At Determining Value In The Nba Draft, And The Impact Of Drafting Team On Player Future Value, Benjamin S. Glass

CMC Senior Theses

This study examines the effectiveness of NBA general managers at accurately drafting in accordance with the future values of players. Using draft position as a metric representing perceived value at the time of the draft, and second contract size to represent value of a player at the time of free agency, I compare the effects of different draft positions on the expected size of a players second contract. By examining divergences in the expected negative linear trend, I can identify positions in the draft which are being over/undervalued. I additionally look at the effect of team on second contract size …


Balancing Trade And Security During The Us-China Trade War: A Gravity Model Approach To South Korea’S Relations With The United States And China, Nathalie Chavez 2023 Claremont Colleges

Balancing Trade And Security During The Us-China Trade War: A Gravity Model Approach To South Korea’S Relations With The United States And China, Nathalie Chavez

CMC Senior Theses

In analyzing monthly trade and gross domestic product (GDP) data for South Korea, China, and the United States from January 2016 to December 2019, this paper attempts to quantify the effects of the US-China Trade War on Korea’s security and economic considerations. By using a three-country gravity model with both monthly and HS Code (harmonized system) fixed effects, it finds the following. First, increases in both real GDP for the United States and China, as well as real GDP for Korea, are positively associated with increases in Korean exports at statistically significant levels. Thus, the general predictions of the gravity …


A Comparative Analysis Of 14 Central Banks’ Monetary Responses Before And After The Covid-19 Pandemic In Relation To Central Bank Independence, Emelle Stottele 2023 Claremont Colleges

A Comparative Analysis Of 14 Central Banks’ Monetary Responses Before And After The Covid-19 Pandemic In Relation To Central Bank Independence, Emelle Stottele

CMC Senior Theses

In theory, during periods of economic downturn, economic policy should follow a countercyclical pattern. In this light, following the recent COVID-19 pandemic, monetary policy is expected to be contractionary. However, prior research shows that the cyclical nature of monetary policy can vary significantly across different countries. Research also suggests that these monetary responses differ based on the level of independence a central bank has for decision-making from government influence. This thesis studies the effects of the COVID-19 pandemic on the monetary responses across a panel of 14 countries from January 2018 to August 2022, capturing the impacts of the pandemic. …


Did Demonetization Have A Bigger Impact On Ppis (Prepaid Payment Instruments) Or Mobile Banking In India?, Ansh Vora 2023 Claremont Colleges

Did Demonetization Have A Bigger Impact On Ppis (Prepaid Payment Instruments) Or Mobile Banking In India?, Ansh Vora

CMC Senior Theses

On November 8, 2016, Narendra Modi, prime minister of India, tele-advertised the entire nation and announced that India's highest value banknotes, the 500 and 1000 rupee “Rs” notes would be demonetized and taken out of circulation, effective midnight. Modi stated that this is an effort to reduce the large economy of black money, transition India into a digital economy, abolish funding of terrorist groups and illicit circulation of counterfeit notes. In this study, I choose to analyze the impact of demonetization on two digital payment methods - Prepaid Payment Instruments, “PPI” and Mobile Banking. The data used in this study …


A Philosophical And Empirical Investigation Into Buddhist Economics, Hannah Doyle 2023 Claremont Colleges

A Philosophical And Empirical Investigation Into Buddhist Economics, Hannah Doyle

CMC Senior Theses

There is a growing body of literature on Buddhist economics from a philosophical perspective; however, no work to date has sought to empirically validate it as an effective economic theory at a global scale. In my paper, I draw on the long history of Buddhist metaphysics to construct an account of Buddhist ethics and then proceed to derive a set of Buddhist economic principles. I draw on the World Happiness Report’s methodology to quantitatively demonstrate the relationship between Buddhist economic principles and the psychological wellbeing of a country’s citizens, as measured through their own evaluation of their quality of life …


Impact Of Recessions And The Business Cycle On Altruism, Nicolas De Mello 2023 Claremont Colleges

Impact Of Recessions And The Business Cycle On Altruism, Nicolas De Mello

CMC Senior Theses

I examine how recessions and the business cycle impact the time individuals allocate to altruism, using American Time Use Survey data from 2002-2019. The aim of the paper was to create a measure of altruism to explore changes in attitudes towards charity and altruism instead of the financial ability to do so. Additionally, I want to understand how economic shocks, such as recessions, impact behaviors and habits across the US population. Using ordinary least squares and the Tobit model, I created two models to capture both changes during and after recessionary periods. The first model is a regression of individuals’ …


A Comparative Study On How Governments And Outside Entities Responded To Natural Disasters: Haiti 2010, Ecuador 2016, And Japan 2011 Earthquakes, Cindy Burga-Romero 2023 Claremont Colleges

A Comparative Study On How Governments And Outside Entities Responded To Natural Disasters: Haiti 2010, Ecuador 2016, And Japan 2011 Earthquakes, Cindy Burga-Romero

CMC Senior Theses

With the world becoming more susceptible to natural disasters on account of climate change, it is important to better see and understand the relationship between a country’s economic and political stability to its ability to provide resources and take care of their people and their institutions. This paper looks at 3 earthquake events in the 21st century that have had large disastrous impacts on the country’s infrastructure, economy, and livelihood of people. The events that occurred in Haiti in 2010, in Ecuador in 2016, and in Japan in 2011 have all had major negative impacts on the vastly different countries. …


Contagion: China Evergrande Group’S Collapse And Its Impact On Belt And Road Stock Indices, William Han Wang 2023 Claremont McKenna College

Contagion: China Evergrande Group’S Collapse And Its Impact On Belt And Road Stock Indices, William Han Wang

CMC Senior Theses

The Evergrande Group is a giant: a company that has liabilities proportional to 2% of China’s overall GDP. While there is evidence that Evergrande’s collapse harmed China and its surrounding economies, this thesis analyzes Evergrande’s default within the context of China’s central foreign policy: the Belt and Road Initiative. Through four selected event dates, a difference in means and medians test and standard panel regression is conducted to analyze differences in impacts for Belt and Road and non-Belt and Road participating countries’ stock indices. This paper’s hypothesis implies that Belt and Road countries would see comparatively more negative impacts on …


Renewable Portfolio Standards: Effectiveness And Carbon Implications, Alexander S. Albrecht 2023 Claremont McKenna College

Renewable Portfolio Standards: Effectiveness And Carbon Implications, Alexander S. Albrecht

CMC Senior Theses

A renewable portfolio standard (RPS) policy is a popular regulatory tool implemented within the U.S. and abroad to limit energy sector emissions and incentivize renewable energy. Assessing their effectiveness and efficiency is a key component of achieving further reductions. We assess an energy market under an RPS using fixed-effects panel and 2SLS regression models to lend empirical credence to common theory-based concerns about RPS policy, namely (1) that they leave emissions unregulated once the RPS requirement is met and (2) that they do not incentivize full use of renewable energy resources. Our results show these to be valid concerns that …


The Paycheck Protection Program's Effect On Real Estate Prices, Someswar Amujala 2023 Claremont Colleges

The Paycheck Protection Program's Effect On Real Estate Prices, Someswar Amujala

CMC Senior Theses

This paper investigates the relationship between the Paycheck Protec- tion Program (PPP) and real estate price increases. The Paycheck Protection Program was established by the Small Business Association in 2020 to pro- vide forgivable loans to businesses to aid with potential losses from COVID- 19 impacts. I leverage zip code level data across the United States and a fixed effects panel data model to quantitatively measure the PPP’s influence on housing and rental prices. I find a positive and significant relationship between the number of PPP loans disbursed and housing and rental rates. Specifically, a 1% change in the number …


Decentralizability Of Efficient Allocations With Heterogenous Forecasts, Shurojit CHATTERJI, Atsushi KAJII 2023 Singapore Management University

Decentralizability Of Efficient Allocations With Heterogenous Forecasts, Shurojit Chatterji, Atsushi Kajii

Research Collection School Of Economics

Do price forecasts of rational economic agents need to coincide in perfectly competitive complete markets? To address this question, we define an efficient temporary equilibrium (ETE) within the framework of a two period economy. Although an ETE allocation is intertemporally efficient and is obtained by perfect competition, it can arise without the agents forecasts being completely coordinated on a perfect foresight price. Nevertheless, it entails price forecasts delicately related with each other: we show that regardless of the number of agents, there is a one dimensional set of such Pareto efficient allocations for generic endowments.


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