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Benefits Of Reduced Meat Consumption In The U.S.: Cost-Benefit Analysis Of An Increase In Plant-Based Diets, Rebecca Zahora 2017 University of Rhode Island

Benefits Of Reduced Meat Consumption In The U.S.: Cost-Benefit Analysis Of An Increase In Plant-Based Diets, Rebecca Zahora

Senior Honors Projects

How sustainable is our food system? An investigation of diet choices and their environmental impacts

Food is often thought of as a commodity, when fundamentally it is our nourishment and foundation of life. In the United States, it appears as if we have a functional food system, but in reality what we have is an unsustainable system of industrialized agriculture perpetuated by a disproportionate allocation of resources. Current consumer behavior within our food system is detrimental to future environmental and human well being, ultimately exacerbating the timing and magnitude of global climate change.

With negative impacts of climate change looming ...


The Effects Of Tax Increment Financing On Assessed Land Values, Burdette Edward Fullerton II 2017 University of Southern Mississippi

The Effects Of Tax Increment Financing On Assessed Land Values, Burdette Edward Fullerton Ii

Dissertations

Public policy debate regarding the use of economic development incentives is active and growing with a focus on the costs and benefits to communities around the country. Communities grant economic development incentives that encourage real estate development, such as tax increment financing, without knowing if the growth of land value or building type valuation inside of tax increment areas accelerate faster than areas outside of tax increment districts. Without the knowledge of how tax increment financing influences land values, communities risk the misallocation of resources from public entities, such as schools and libraries to private entities. In an era of ...


What If Bots Collide And Collude In Setting Prices?, Singapore Management University 2017 Singapore Management University

What If Bots Collide And Collude In Setting Prices?, Singapore Management University

Perspectives@SMU

Conduct driven by algorithms is a challenge for competition law


Cooperation Is Key To Building China’S Bay Area, Singapore Management University 2017 Singapore Management University

Cooperation Is Key To Building China’S Bay Area, Singapore Management University

Perspectives@SMU

Guangdong-Hong Kong-Macao Greater Bay Area is expected to surpass the Tokyo Bay Area or San Francisco Bay Area in ten years, if the cities in the region can leverage their strengths, streamline their coordination mechanism and speed up the economy integration,” said Dr. Tse Kwok-leung, who currently serves as head of Economics and Policy Research at the Bank of China (Hong Kong) Limited. Dr. Tse was speaking at a seminar themed “How to Build a World-class Guangdong-Hong Kong-Macao Greater Bay Area” organized by the Hong Kong General Chamber of Commerce in July 2017.


Belt, Road, And The Xinjiang Issue, Singapore Management University 2017 Singapore Management University

Belt, Road, And The Xinjiang Issue, Singapore Management University

Perspectives@SMU

The Belt Road Initiative promises economic development for China’s westernmost province but reality on the ground is less promising


Twin Momentum, Dashan HUANG, Huacheng ZHANG, Guofu ZHOU 2017 Singapore Management University

Twin Momentum, Dashan Huang, Huacheng Zhang, Guofu Zhou

Research Collection Lee Kong Chian School Of Business

Using both the levels and the time-series trends of a collection of firms' major fundamentals, we find that fundamentals matter after all: they can also generate strong return momentum. A fundamental momentum strategy that goes long stocks with fundamental in the top quintile and short stocks with fundamental in the bottom quintile earns a monthly average return of 88 bps, and is comparable with the popular price momentum but has little correlation. Combining price momentum and fundamental momentum yields a twin momentum, which has an average return more than the sum of both price momentum and fundamental momentum. Twin momentum ...


Structural Inference From Reduced Forms With Many Instruments, Peter C. B. PHILLIPS, Wayne Yuan GAO 2017 Singapore Management University

Structural Inference From Reduced Forms With Many Instruments, Peter C. B. Phillips, Wayne Yuan Gao

Research Collection School Of Economics

This paper develops exact finite sample and asymptotic distributions for structural equation tests based on partially restricted reduced form estimates. Particular attention is given to models with large numbers of instruments, wherein the use of partially restricted reduced form estimates is shown to be especially advantageous in statistical testing even in cases of uniformly weak instruments. Comparisons are made with methods based on unrestricted reduced forms, and numerical computations showing finite sample performance of the tests are reported. Some new results are obtained on inequalities between noncentral chi-squared distributions with different degrees of freedom that assist in analytic power comparisons.


Favorite–Longshot Bias In Pari-Mutuel Betting: An Evolutionary Explanation, Atsushi KAJII, Takahiro WATANABE 2017 Singapore Management University

Favorite–Longshot Bias In Pari-Mutuel Betting: An Evolutionary Explanation, Atsushi Kajii, Takahiro Watanabe

Research Collection School Of Economics

Favorite–longshot bias (FLB) refers to an observed tendency whereby “longshots” are overvalued and favorites are undervalued. We offer an evolutionary explanation for FLB in pari-mutuel betting using a simple market model. A bettor is forced to quit with some probability if his total net gain in one day is negative. Because of a positive track take, the expected returns of any strategy are negative, and so every agent must eventually lose and disappear in the long run. Those who favor longshots have a better chance of getting ahead with rare but large gains, enabling them to survive for longer ...


Metropolitan Report - August 2017, Division of Business and Economic Research, College of Business Administration, University of New Orleans 2017 University of New Orleans

Metropolitan Report - August 2017, Division Of Business And Economic Research, College Of Business Administration, University Of New Orleans

UNO Metropolitan Report

No abstract provided.


Hedge Fund Performance And Derivative Hedging, Yongjia Li 2017 University of Arkansas, Fayetteville

Hedge Fund Performance And Derivative Hedging, Yongjia Li

Theses and Dissertations

This dissertation is comprised of three essays which focus on hedge fund performance and derivative hedging. The first essay uses ETF returns as proxies for tradable risk factors in hedge fund performance evaluation and identifies contemporaneously relevant risk factors from the entire universe of ETFs. The model provides more informative estimates of alpha and beta coefficients for predicting hedge fund out-of-sample performance compared with other widely used hedge fund factor models. Portfolios of top alpha hedge funds selected by the model generate statistically significant out-of-sample performance that is substantially higher compared with portfolios selected by other models. In addition, the ...


The Optimal Defense Of Networks Of Targets, Dan Kovenock, Brian Roberson 2017 Chapman University

The Optimal Defense Of Networks Of Targets, Dan Kovenock, Brian Roberson

ESI Working Papers

This paper examines a game-theoretic model of attack and defense of multiple networks of targets in which there exist intra-network strategic complementarities among targets. The defender’s objective is to successfully defend all of the networks and the attacker’s objective is to successfully attack at least one network of targets. Although there are multiple equilibria, we characterize correlation structures in the allocations of forces across targets that arise in all equilibria. For example, in all equilibria the attacker utilizes a stochastic ‘guerrilla warfare’ strategy in which a single random network is attacked.


On Random Assignment Problems, Peng LIU 2017 Singapore Management University

On Random Assignment Problems, Peng Liu

Dissertations and Theses Collection

This dissertation studies the standard random assignment problem (Bogomolnaia and Moulin (2001)) and investigates the scope of designing a desirable random assignment rule. Specifically, I ask the following two questions:

1. Is there a reasonably restricted domain of preferences on which there exists an strategy-sd-efficient proof, sd-efficient and sd-envy-free or equal-treatment-of-equals rule?

2. Moreover, if the answer is in the affirmative, what is that rule?

As a starting point, attention is restricted to the connected domains (Monjardet (2009)). It is shown that if a connected domain admits a desirable random assignment rule, it is structured in a specific way: a ...


Essays On Transportation Cost, Social Security Retirement Income And Housing Market, Naqun HUANG 2017 Singapore Management University

Essays On Transportation Cost, Social Security Retirement Income And Housing Market, Naqun Huang

Dissertations and Theses Collection

This dissertation comprises three papers that study how transportation cost affect price distribution across a city, how home equity affects the timing of pension withdrawal, and potential implications of macroprudential policies on the price informativeness. Specifically, the first paper examines how a change in the cost of car ownership affects housing price gradient with respect to distance from the central business district (CBD) in Singapore. The second paper investigates how household home equity affect the timing of claiming Social Security Retirement Income (SSRI) in the United States. The third paper explores how countercyclical policies in Singapore real estate market affect ...


Three Essays On The Effect Of Overconfidence On Economic Decision Making, Klajdi Bregu 2017 University of Arkansas, Fayetteville

Three Essays On The Effect Of Overconfidence On Economic Decision Making, Klajdi Bregu

Theses and Dissertations

This dissertation uses experimental evidence to explore the effects of overconfidence on economic decision making. In Chapter 1 I provide experimental evidence of the effects of alcohol on overconfidence and several other important tasks. I also explore the relationship between overconfidence and the behavior in the other tasks. The data from this experiment show that an alcohol level of 0.08 does not have a systemic effect on behavior and more importantly it does not affect one’s level of overconfidence. I also show that overconfidence is not significantly correlated with risk preferences, math, strategic behavior, anchoring, altruism, and food ...


The Effects Of Employment On Recidivism Among Delinquent Juveniles, Leigh Kassem 2017 East Tennessee State University

The Effects Of Employment On Recidivism Among Delinquent Juveniles, Leigh Kassem

Electronic Theses and Dissertations

Current research indicates an association between intense adolescent work (twenty hours or more per week) and delinquent behavior. It has been widely speculated that this relationship is spurious, occurring only as a result of other factors which are common to both offending and intense employment. The current study attempts to fill a gap in the literature by utilizing the Pathways to Desistance dataset to examine the evolution of the relationship between work and self-reported offending in a longitudinal sample of juvenile offenders. Work intensity and consistency, social capital, and expectations for success were analyzed as potential predictors of recidivism or ...


Effects Of Upward Football Reclassification On Revenues, Football Attendance, And Enrollment, Charles Bell 2017 University of Arkansas, Fayetteville

Effects Of Upward Football Reclassification On Revenues, Football Attendance, And Enrollment, Charles Bell

Theses and Dissertations

With an ever increasing chasm between the have and have nots in college athletics, athletic directors and university administrators view reclassification as a way to increase financial standing and gain valuable exposure for their school despite mixed findings by recent studies. The process of reclassification costs schools sizable financial and labor investments detracting from their academic endeavors. The schools at the highest level of collegiate football competition enjoy constant national television exposure for their school resulting in many direct and indirect benefits. A repeated measures ANOVA was utilized to assess the change in athletic department revenues, student enrollment and football ...


The Bracero Program In The Arkansas Delta: The Power Held By Planter Elite, William Chase Whittington 2017 University of Arkansas, Fayetteville

The Bracero Program In The Arkansas Delta: The Power Held By Planter Elite, William Chase Whittington

Theses and Dissertations

This paper examines the Bracero Program and its implementation from the start of World War II to the end of the program in 1964. Farmers and planters in America needed a sufficient labor supply once the war started, and Mexico became the main supplier. The Bracero Program was initiated as a war effort and meant to only last until the end of the war, but the planter elite had far different intentions once they realized how productive and inexpensive the program could be. This paper identifies the leading causes for how the Bracero Program was able to last over twenty ...


Braided Cobwebs: Cautionary Tales For Dynamic Retail Pricing In End-To-End Power Systems, Auswin George Thomas, Leigh Tesfatsion 2017 Siemans Industry, Mpls

Braided Cobwebs: Cautionary Tales For Dynamic Retail Pricing In End-To-End Power Systems, Auswin George Thomas, Leigh Tesfatsion

Leigh Tesfatsion

This study investigates the effects of dynamic-price retail contracting on end-to-end power system operations. Performance is evaluated by means of carefully defined metrics for system stability, market efficiency, and market participant welfare. The study is carried out for an Integrated Retail and Wholesale (IRW) Test Case for which households have smart (price-responsive) air-conditioning (A/C) systems. A simplified version of the IRW Test Case with a directly postulated linear household demand curve is first used to derive, analytically, a set of necessary and sufficient conditions for system stability under dynamic-price retail contracting. A key finding is that dynamicprice retail contracts ...


The Relative Importance Of Macroeconomic Shocks, Regional Shocks And Idiosyncratic Risk On Large And Small Banks, Jack R. Fischer, Joseph E. McPhail, Nathan Rodriguez, Peter Orazem 2017 Iowa State University

The Relative Importance Of Macroeconomic Shocks, Regional Shocks And Idiosyncratic Risk On Large And Small Banks, Jack R. Fischer, Joseph E. Mcphail, Nathan Rodriguez, Peter Orazem

Peter F. Orazem

Mandatory stress testing has been acclaimed by banking regulators as a key response to preventing future financial crises. Each year banks in the United States with over $50 Billion in assets must perform a Comprehensive Capital Analysis and Review (CCAR) . Banks with over $10 Billion are subject to Dodd-Frank Act Stress Testing (DFAST). This study examne the relative importance of international or national macroeconomic shocks, state-level shocks, and idiosyncratic shocks on mortgage rate charge-offs for the universe of all banks for the 2002-2014 period. We find tha banks with over $10 billion in assets have charge-off rates that are very ...


Food For Fuel: The Effect Of The Us Biofuel Mandate On Poverty In India, Ujjayant N. Chakravorty, Marie-Hélène Hubert, Beyza Ural Marchand 2017 University of Alberta

Food For Fuel: The Effect Of The Us Biofuel Mandate On Poverty In India, Ujjayant N. Chakravorty, Marie-Hélène Hubert, Beyza Ural Marchand

Ujjayant Chakravorty

More than 40% of US grain is used for energy due to the Renewable Fuels Mandate (RFS). There are no studies of the global distributional consequences of this purely domestic policy. Using micro-level survey data, we trace the effect of the RFS on world food prices and their impact on household level consumption and wage incomes in India. We first develop a partial equilibrium model to estimate the effect of the RFS on the price of selected food commodities - rice, wheat, corn, sugar and meat and dairy, which together provide almost 70% of Indian food calories. Our model predicts that ...


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