Economics Commons^™

The Effect Of Islam, Millennials, And Educated Voters To Anies-Sandi Victory Of 2nd Round Dki Jakarta Governor Election In 2017, Riffal Ruchiandrean, Palupi Lindiasari Samputra

Journal of Strategic and Global Studies

The aim of this article is to recognize the factors of voters that have impact to Anies-Sandi victory of 2nd round DKI Jakarta governor election in 2017. The factors that being tested are Islam voters, Millennials voters with the range of age around 21 to 40 and educated voters which voters with minimum education are senior high school in 2017. This research is quantitative research with secondary data using multiple linear regression analysis to get the empirical result. The result of this research shows that Islam, Millennials and Educated voters are simultaneously significantly impact to Anies-Sandi victory. While Islam and …

Study On The Implementation Of The Regulations Of Terrorism Activities In Social Media, Angga Dewanto Basari, Muhammad Syauqillah, Asep Usman Ismail

Journal of Strategic and Global Studies

The legal scope of the Terrorism Law and the Information and Electronic Transactions Law in Indonesia is considered as lacking to cover the problem of cybercrime in social media. Aside from literature review, this paper is also supported by data from direct interview with the Head of Counterterrorism Special Detachment 88 (Densus 88 AT) of Indonesian National Police. The data found out that the Terrorism Law is a repressive response towards terrorism crimes that have already occured, but less preventive to future crimes. The existence of laws in Indonesia is often one step behind its crime. The difference of perception …

Covid-19: Metro Recovery Index In The Mountain West, Vanessa Booth, Katie M. Gilbertson, Elia Del Carmen Solano-Patricio, Caitlin J. Saladino, William E. Brown Jr.

Economic Development & Workforce

Amid the COVID-19 pandemic and the economic recession that is developing as a result, researchers at the Brookings Institution created the “Metro Recovery Index dashboard,” an interactive data set that tracks changes in labor, real estate, and other economic indicators for metropolitan areas throughout the U.S. Using data from January – June 2020, this Fact Sheets highlights the impact of the COVID-19 recession on 13 Metropolitan Statistical Areas (MSAs) in 5 Mountain West states: Arizona, Colorado, Nevada, New Mexico, and Utah.

The Aftermath Of The Pandemic Recession: The Role Of Economic Development Policy, Timothy J. Bartik

Presentations

No abstract provided.

You Can Lead A Horse To Water: Spatial Learning And Path Dependence In Consumer Search, Charles Hodgson, Gregory Lewis

Cowles Foundation Discussion Papers

We develop a model of consumer search with spatial learning in which sampling the payoff of one product causes consumers to update their beliefs about the payoffs of other products that are nearby in attribute space. Spatial learning gives rise to path dependence, as each new search decision depends on past experiences through the updating process. We present evidence of spatial learning in data that records online search for digital cameras. Consumers’ search paths tend to converge to the chosen product in attribute space, and consumers take larger steps away from rarely purchased products. We estimate the structural parameters of …

Copula-Based Time Series With Filtered Nonstationarity, Xiaohong Chen, Zhijie Xiao, Bo Wang

Cowles Foundation Discussion Papers

Economic and financial time series data can exhibit nonstationary and nonlinear patterns simultaneously. This paper studies copula-based time series models that capture both patterns. We introduce a procedure where nonstationarity is removed via a filtration, and then the nonlinear temporal dependence in the filtered data is captured via a flexible Markov copula. We propose two estimators of the copula dependence parameters: the parametric (two-step) copula estimator where the marginal distribution of the filtered series is estimated parametrically; and the semiparametric (two-step) copula estimator where the marginal distribution is estimated via a rescaled empirical distribution of the filtered series. We show …

Estimating A Fair Value For Standing Forage, Jay Parsons, Daren Redfearn, Mary Drewnoski

Cornhusker Economics

Several things need to be considered when deciding what value to place on standing forage. Forage prices reflect current inventories, demand, expected current season production and associated yield risk, and quality characteristics. Standing forage can be harvested in a number of different ways which need to be considered when pricing it. Below, we provide a few general thoughts and questions concerning harvesting method and comparable feed value to consider when pricing standing forage. We follow with a few examples illustrating pricing calculations for forage mechanically harvested as hay, haylage, and silage. We close with pricing considerations for forage harvested by …

Effects Of Minimum Wage Increase On Employment In Small And Medium-Sized Enterprises In Korea, Hyunah Kim

Undergraduate Economic Review

In Korea, where SMEs dominantly provide most of the jobs in labor market, how SMEs respond to an increase in the minimum wage in terms of employment can be a critical factor of job provision in Korean labor market. This paper mainly examines the effect of the minimum wage increase on employment in SMEs in Korea by using a difference-in-differences methodology, and finds that raising the minimum wage has on average significantly reduced total employment in all sizes of SMEs relative to large enterprises. The finding in this paper suggests that raising the minimum wage rate may incur loss of …

Essays On Family Economics, Hyeongsuk Jin

Electronic Thesis and Dissertation Repository

This thesis studies decisions the family makes regarding household unions, fertility, and child investment. Chapter 2 studies the educational gradient in non-marital fertility and posits that cohabitation is a driver behind the gradient. I build a lifecycle model of fertility and household union choices, featuring a trade-off between quality and quantity of children. Using the model calibrated to the U.S. data, I study implications of introducing common-law marriage, where cohabiting parents are considered to be married couples. I find that the policy leads fewer people to choose cohabitation, and more children are born to married parents. As a result, children …

Pricing Climate Change Risk In Corporate Bonds, Elsa Allman

Publications and Research

This paper examines whether corporate bondholders price climate change risk. I find that firms exposed to higher sea level rise (SLR) across U.S. branch locations pay a premium when issuing bonds. Specifically, a one standard deviation increase in a firm’s SLR exposure is associated with a 2% increase of average yield spreads equivalent to 4 basis points. This effect is more pronounced for firms in industries vulnerable to extreme weather conditions, which are less spatially diversified, and issuing bonds with maturities ranging from 5 to 10 years. In addition, I find no evidence that credit rating agencies account for SLR …

Opportunity Cost, Inattention And The Bidder's Curse, David J. Freeman, Erik O. Kimbrough, J. Philipp Reiss

Economics Faculty Articles and Research

Auction winners sometimes suffer a “bidder’s curse”, paying more for an item at auction than the fixed price charged for an identical item by other sellers. This seemingly irrational behavior is puzzling because the information necessary to avoid overpaying would appear to be readily available to bidders, yet they seem to ignore it. To understand this behavior, we consider the bidders’ decisions whether to acquire information about the fixed price before bidding, in the presence of opportunity costs. Our theory introduces costly information acquisition into an auction model, with a fixed price aftermarket selling an identical good. When information about …

A Public Option For The Core, Yotam Harchol, Dirk Bergemann, Nick Feamster, Eric Friedman, Arvind Krishnamurthy, Aurojit Panda, Sylvia Ratnasamy, Michael Schapira, Scott Shenker

Cowles Foundation Discussion Papers

This paper is focused not on the Internet architecture – as defined by layering, the narrow waist of IP, and other core design principles – but on the Internet infrastructure, as embodied in the technologies and organizations that provide Internet service. In this paper we discuss both the challenges and the opportunities that make this an auspicious time to revisit how we might best structure the Internet’s infrastructure. Currently, the tasks of transit-between-domains and last-mile-delivery are jointly handled by a set of ISPs who interconnect through BGP. In this paper we propose cleanly separating these two tasks. For transit, we …

Implicit Communication And Enforcement Of Corporate Disclosure Regulation, Ashiq Ali, Michael T. Durney, Jill E. Fisch, Hoyoun Kyung

All Faculty Scholarship

This study examines the challenge of implicit communication -- qualitative statements, tone, and non-verbal cues -- to the effectiveness of enforcing corporate disclosure regulation. We use a Regulation Fair Disclosure (Reg FD) setting, given that the SEC adopted the regulation recognizing that managers can convey non-public information privately not just through explicit quantitative disclosures but also through implicit communication. In a high-profile enforcement action, however, the court focused on a literal examination of the manager’s language rather than his positive spin to conclude that the SEC had been “too demanding” in examining the manager’s statements and that its enforcement policy …

Information Processing Costs And Corporate Tax Aggressiveness: Evidence From The Sec’S Xbrl Mandate, Jeff Z. Chen, Hyun Hong, Jeong-Bon Kim, Ji Woo Ryou

Economics and Finance Faculty Publications and Presentations

Managers, subject to agency conflicts, may deviate from the optimal level of tax aggressiveness that shareholders would prefer. We use the SEC’s XBRL mandate to draw causal inferences about the relation between investors’ information processing costs and shareholder monitoring of managers’ tax-aggressive behavior. We find that after XBRL reporting which reduces information processing costs to outside stakeholders, firms with low levels of tax avoidance in the pre-XBRL period become more tax-aggressive. In contrast, firms with high levels of tax avoidance are less tax-aggressive after XBRL reporting. These results suggest that reduced information processing costs and stronger shareholder monitoring in the …

English Chocolate, Ghanaian Cocoa, Ryan Minor

History in the Making

No abstract provided.

Objective Rationality Foundations For (Dynamic) Α-Meu, Mira Frick, Ryota Iijima, Yves Le Yaouanq

Cowles Foundation Discussion Papers

We show how incorporating Gilboa, Maccheroni, Marinacci, and Schmeidler’s (2010) notion of objective rationality into the alpha-MEU model of choice under ambiguity (Hurwicz, 1951) can overcome several challenges faced by the baseline model without objective rationality. The decision-maker (DM) has a subjectively rational preference $\succsim^\wedge$, which captures the complete ranking over acts the DM expresses when forced to make a choice; in addition, we endow the DM with a (possibly incomplete) objectively rational preference $\succsim^*$, which captures the rankings the DM deems uncontroversial. Under the objectively founded alpha-MEU model, $\succsim^\wedge$ has an alpha-MEU representation and $\succsim^*$ has a unanimity representation …

Feeder Cattle Future Price Spreads: Opportunities To Hedge?, Elliott James Dennis

Extension Farm and Ranch Management News

First paragraph:

Feeder cattle future price spreads across all months have recovered to near pre-COVID-19 levels as quarantine restrictions and packing plant capacity issues have been mostly sorted out. For example, for the week of July 17, 2010 [sic], prices reached levels not seen since the beginning of March 2020. Pasture and corn progress are two factors that have the potential to push prices lower in the next coming months. Given current market conditions, producers have some options to lock in a margin.

Unknown Latent Structure And Inefficiency In Panel Stochastic Frontier Models, Levent Kutlu, Kien C. Tran, Mike G. Tsionas

Economics and Finance Faculty Publications and Presentations

This paper extends the fixed effect panel stochastic frontier models to allow group heterogeneity in the slope coefficients. We propose the first-difference penalized maximum likelihood (FDPML) and control function penalized maximum likelihood (CFPML) methods for classification and estimation of latent group structures in the frontier as well as inefficiency. Monte Carlo simulations show that the proposed approach performs well in finite samples. An empirical application is presented to show the advantages of data-determined identification of the heterogeneous group structures in practice.

Assessing The Environmental Impacts Of Urbanization In Siddharthanagar, Nepal, Bishal Raj Khanal

Economics ETDs

Rapid and haphazard infrastructural expansion often contributes to large negative externalities in cities. Environmental problems like air pollution and degradation of quality-of-life elements in an urban settlement are attributed to urban sprawl. Evidence based planning tools need to be developed which can help manage the rapid urbanization that is taking place in the developing world. In this context, we examine the relationship between health outcomes and the different spatial- temporal aspects of an urban-built environment in Siddharthanagar Metropolitan City which is a major settlement in southwestern Nepal. We attempt to identify the aspects of built environment which are closely associated …

Hoop Dreams: An Empirical Analysis Of The Gender Wage Gap In Professional Basketball, Hailey Dicicco

Business and Economics Summer Fellows

The gender wage gap is a very prominent point of discussion in the professional world, but in the sports world, it has taken the spotlight in recent years. One sport that has seen discussion and debate over salary differences is the National Basketball Association and Women’s National Basketball Association. In 2018, the average salary in the NBA was 6.4 million dollars, while the average salary in the WNBA was 71,635 dollars. A reason why these salaries are so differently is due to the amount of revenue that each league brings in. The NBA brings in roughly 7.4 billion dollars a …