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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 ...


Intellectual Property And Competition, Herbert J. Hovenkamp 2017 University of Pennsylvania Law School

Intellectual Property And Competition, Herbert J. Hovenkamp

Faculty Scholarship

A legal system that relies on private property rights to promote economic development must consider that profits can come from two different sources. First, both competition under constant technology and innovation promote economic growth by granting many of the returns to the successful developer. Competition and innovation both increase output, whether measured by quantity or quality. Second, however, profits can come from practices that reduce output, in some cases by reducing quantity, or in others by reducing innovation.

IP rights and competition policy were traditionally regarded as in conflict. IP rights create monopoly, which was thought to be inimical to ...


Decentralization Without Democracy, Katrina Kosec, Tewodaj Mogues 2017 International Food Policy Research Institute

Decentralization Without Democracy, Katrina Kosec, Tewodaj Mogues

Katrina Kosec

Decentralization has been predominantly studied in democracies. We present a theory of decentralization's effects on public goods provision under autocracy yielding novel predictions. Decentralization improves productive services that  directly raise citizen's incomes (which are taxed), but not social services that increase incomes less but contribute to other dimensions of well-being. The center incentivizes local policymakers by sharing tax revenue. However, social services do not deteriorate; productive services improvements are instead financed with efficiency improvements from having more knowledgeable policymakers making decisions. We test the model in Ethiopia, exploiting a natural experiment in which government implemented fiscal and administrative ...


Spillovers From Behavioral Interventions: Experimental Evidence From Water And Energy Use, Gabriel E. Lade, Katrina Jessoe, Frank Loge, Edward Spang 2017 Iowa State University

Spillovers From Behavioral Interventions: Experimental Evidence From Water And Energy Use, Gabriel E. Lade, Katrina Jessoe, Frank Loge, Edward Spang

Gabriel Lade

This paper provides experimental evidence that behavioral interventions spill over to untreated sectors by altering consumer choice. We use a randomized controlled trial and high frequency data to test the effect of social norms messaging about residential water use on electricity consumption. Messaging induces a 2.7% reduction in summertime electricity use. Empirical tests and household survey data support the hypothesis that this nudge alters electricity choices. An engineering simulation suggests that complementarities between appliances that use water and electricity can explain only 15% of the electricity reduction. Incorporating the cross-sectoral spillover increases the cost effectiveness of the intervention by ...


Some Factors Affecting Improvement In Iowa Farm Family Housing, Margaret G. Reid 2017 Iowa State College

Some Factors Affecting Improvement In Iowa Farm Family Housing, Margaret G. Reid

Bulletin (Iowa Agricultural Experiment Station)

During 1934 and 1935 two housing surveys were made in rural Iowa. One included 18,789 farm dwellings and the other 8,798 dwellings in Iowa towns and villages of less than 2,500 population.1 The information thus secured has created much interest in housing, and many questions have been asked as to why dwellings are not in better condition, why more of them do not have modern improvements, what can be done to improve them. It is hoped that this analysis and the suggestions herein contained will be helpful in shaping policies and programs which have to do ...


Changing Status Of The Iowa Dairy Industry, Albert Mighell 2017 Iowa State College

Changing Status Of The Iowa Dairy Industry, Albert Mighell

Bulletin (Iowa Agricultural Experiment Station)

Even a most superficial study of the Iowa dairy industry indicates its economic importance to the state. Dairying utilizes a huge physical production plant, spread out on almost 200,000 Iowa farms, and extensive processing and marketing facilities including creameries, ice cream plants, milk distributing agencies, cheese factories and condenseries. Together these constitute one of the states largest industries, providing about 16 percent of the income of Iowa farmers, and an important and dependable share of the income of townspeople.

No one group alone is interested in and responsible for the success of the Iowa dairy industry. The farmer or ...


The Efficacy Of Public Health Interventions Aimed At Curbing Gun Violence: An Integrative Review, Brian Cook 2017 DePaul University

The Efficacy Of Public Health Interventions Aimed At Curbing Gun Violence: An Integrative Review, Brian Cook

Grace Peterson Nursing Research Colloquium

Abstract

Background: Gun violence is a pressing public health issue in the United States. Homicide is the second-leading cause of death for 15 to 24 year-old Americans, and the third-leading cause of death for 25 to 34 year-old Americans, and 80% of these homicides are committed via firearm. In recent years, the field of criminology has studied the efficacy of a variety of policing, public health, and public policy interventions that aim to reduce the incidence of gun violence, but many of their findings have yet to be incorporated into the body of nursing literature.

Objective: This project’s objective ...


A Reexamination Of “The Hidden Return To Incentives”, Jing Davis, Steven Schwartz, Richard Young 2017 Chapman University

A Reexamination Of “The Hidden Return To Incentives”, Jing Davis, Steven Schwartz, Richard Young

Economics Faculty Articles and Research

Prior literature has observed a “hidden return to incentives” where principals receive more cooperation from agents when formal incentives are available but not used than when not available. Previous experiments are replicated using a gift-exchange rather than a trust game. Hidden returns to incentives are not observed, and in fact the results show the opposite. Suggestions for future research are provided.


Political Competition And Rural Welfare: Evidence From Pakistan, Katrina Kosec, David J. Spielman, Hamza Haider, Fatima Zaidi 2017 IFPRI

Political Competition And Rural Welfare: Evidence From Pakistan, Katrina Kosec, David J. Spielman, Hamza Haider, Fatima Zaidi

Katrina Kosec

Can stronger political competition improve rural livelihoods in developing countries? We explore this question in Pakistan, showing that less political concentration in a Provincial Assembly constituency predicts significantly better access to publicly-provided infrastructure and amenities, but no changes in other public goods including perceived access to justice and security. Nonetheless, overall welfare effects appear to be positive: lower political concentration predicts higher expenditures per capita, especially among land--poor households. It also predicts predict higher land values, greater land wealth, and lower land wealth inequality. Further, less political concentration is associated with more land rental, which may benefit the land--poor. These ...


The Inclusivity Imperative, Vikas Kumar 2017 Azim Premji University

The Inclusivity Imperative, Vikas Kumar

Vikas Kumar


Quantitative Easing: Money Supply And The Commodity Prices Of Oil, Gold, And Wheat, Aaron Kasteler 2017 Utah State University

Quantitative Easing: Money Supply And The Commodity Prices Of Oil, Gold, And Wheat, Aaron Kasteler

All Graduate Plan B and other Reports

The recent financial crisis has raised awareness among the public regarding the role the Federal Reserve has in the broader economy, primarily as it pertains to overall price levels, and especially to commodities. Has the implementation of quantitative easing had an effect on underlying commodity prices and, if so, to what degree? Specifically, has the rise in the money supply created a subsequent rise in prices that are transferred onto the end consumer? This paper surveys the recent empirical evidence of the policy of quantitative easing as it relates to the money supply and commodity prices. It then uses this ...


Longevity And Lifetime Education: Global Evidence From 919 Surveys, Mohammad Mainul Hoque, Elizabeth M. King, Claudio M. Montenegro, Peter Orazem 2017 Bangladesh Institute of Development Studies

Longevity And Lifetime Education: Global Evidence From 919 Surveys, Mohammad Mainul Hoque, Elizabeth M. King, Claudio M. Montenegro, Peter Orazem

Economics Working Papers

Data from 919 household surveys conducted between 1960 and 2012 spanning 147 countries are used to evaluate the relationship between rising life expectancy at birth and lifetime years of schooling for successive birth cohorts between 1905 and 1988. We find significant positive effects of increased life expectancy at birth on lifetime completed years of schooling in 95% of the surveys with significant negative effects found in only 2.3%.

Rising life expectancy at birth for a birth cohort has intergenerational benefits in that their children’s schooling also increases. Rising life expectancy at birth since 1905 can explain 70% of ...


The Current State Of Workers' Compensation: Benefit Adequacy, Return To Work, And Prevention, Marcus Dillender, H. Allan Hunt 2017 W.E. Upjohn Institute

The Current State Of Workers' Compensation: Benefit Adequacy, Return To Work, And Prevention, Marcus Dillender, H. Allan Hunt

H. Allan Hunt

No abstract provided.


Could Reducing Compulsory Years Of Schooling In A Developing Country Be Beneficial?, Dina Al Ajmi 2017 CUNY Hunter College

Could Reducing Compulsory Years Of Schooling In A Developing Country Be Beneficial?, Dina Al Ajmi

School of Arts & Sciences Theses

Towards the end of the 1980s Egypt introduced an educational policy aimed at reducing the years of compulsory primary schooling from six years to five years. This reduced the overall compulsory years of schooling from nine years to eight years. This paper will examine the educational and labor outcomes of this policy change differentiated by urban and rural areas using the Egypt Labor Market Panel Survey (ELMPS) 2006 and 2012 rounds. Regressions estimated in this paper differentiated between the urban and rural populations. The results suggested that the effect on the rural community was much larger than the effect on ...


Credit Risk And Corporate Governance, Olivier Mugisho Mudekereza 2017 CUNY Hunter College

Credit Risk And Corporate Governance, Olivier Mugisho Mudekereza

School of Arts & Sciences Theses

Is the executive’s compensation structure influenced by the credit rating assigned to his company? I analyze a panel of U.S. public firms using the random-effects and fixed-effects estimations. Compared to firms with lower credit risk, I find that firms facing higher probability of default provide more incentives for their CEOs.


Direct Effects Of Bundled Payments For Care Improvement Initiative: A County-Level Approach, Konstantinos Panitsas Mr 2017 City University of New York (CUNY)

Direct Effects Of Bundled Payments For Care Improvement Initiative: A County-Level Approach, Konstantinos Panitsas Mr

School of Arts & Sciences Theses

Implementing a nonlinear, Difference-in-Differences estimation method, I quantify the positive impact bundled payment reforms have on vulnerable population groups living in U.S. counties where this cost reducing initiative was implemented. I find statistically significant effects of this health-care initiative on the elderly and the economically disadvantaged individuals.


The Effect Of Paid Sick Leave On Physician Office-Based Visits, Korvin Vicente 2017 CUNY Hunter College

The Effect Of Paid Sick Leave On Physician Office-Based Visits, Korvin Vicente

School of Arts & Sciences Theses

This paper uses a balanced sample of workers from cross-sections of the National Health Interview Survey to estimate the causal effects of paid sick leave on the medical care seeking behavior of individuals, as measured by physician office-based visits.


Measuring Market Power In Professional Baseball, Basketball, Football And Hockey, Gerald T. Healy III, Jing Ru Tan, Peter Orazem 2017 Iowa State University

Measuring Market Power In Professional Baseball, Basketball, Football And Hockey, Gerald T. Healy Iii, Jing Ru Tan, Peter Orazem

Economics Working Papers

Forbes Magazine estimates of annual revenues, costs and team values for professional sports teams are used to derive market power measures for teams in four major professional sports leagues: the MLB, NBA, NHL, and the NFL. Two variants of the Lerner Index, one that reflects short-term operations for the past year and another reflecting the long-run net present value of the franchise are derived over the 2006-2016 period. Only the long-run measure provides estimates that are always consistent with theoretical requirements. Analysis of variance of long-run market power shows that local market factors and past team performance have less impact ...


University Scholar Series: Matthew J. Holian, Matthew J. Holian 2017 San Jose State University

University Scholar Series: Matthew J. Holian, Matthew J. Holian

Matthew J. Holian

On September 30, 2015, Dr. Matthew J. Holian spoke in the University Scholar Series hosted by Provost Andy Feinstein at the Dr. Martin Luther King, Jr. Library. His talk was titled “Trends and Relationships Related to Air Pollution, Regulations, and Economic Growth.” Dr. Holian’s recent research involves air pollution in California and India. His analysis of data from numerous sources reveals trends and relationships related to air pollution, regulations, and economic growth among other factors. His most recent article, “Household Carbon Emissions from Driving and Center City Quality of Life,” explores the relationship between a dynamic city center and ...


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