Economic Policy Commons^™

An Ethical Evaluation Of The Modern Pharmaceutical Industry, Kaitlyn Drennan

Dialogue & Nexus

Lack of transparency, wrongdoings, and unlawful promotion characterize the healthcare industry; these are especially prevalent within the pharmaceutical industry. Consequently, an investigation into the evidence of the corruption and the ethical infringement is needed. In this paper, I will evaluate the pharmaceutical industry’s adherence to the three major branches of ethics. The ever-increasing prices of pharmaceutical products, especially medications used for the combating of anaphylaxis and cancer, coupled with the compensatory-based medication promotion and research points to a major crisis in the realm of social justice. These examples, among many other current issues, lead to difficulties in individuals receiving ...

Feedback Loop Failure: Implications For The Self-Regulation Of The Sharing Economy, Abbey Stemler

Minnesota Journal of Law, Science & Technology

No abstract provided.

Bringing Together Policymakers, Researchers, And Practitioners To Discuss Job Loss, Kristin F. Butcher, Kevin F. Hallock

Kevin F Hallock

[Excerpt] On November 18–19, 2004, the Federal Reserve Bank of Chicago and the Joyce Foundation cosponsored a conference at the Chicago Fed, “Job Loss: Causes, Consequences, and Policy Responses,” to bring together researchers, policymakers, and practitioners to discuss job loss from the perspective of both firms and workers. The first day focused on new research findings, with discussion and comment from participants with backgrounds in policy, practice, and research. The second day featured an address by Michael Moskow, president of the Federal Reserve Bank of Chicago, and panel discussions on layoff procedures from the point of view of firms ...

Estimating Willingness To Pay For E85 In The United States, Kenneth Liao, Sébastien Pouliot, Bruce A. Babcock

Sebastien Pouliot

Meeting US ethanol blending mandates proposed by the Environmental Protection Agency will require a substantial number of motorists with flex-fuel vehicles to switch from low ethanol-gasoline blends to high ethanol-gasoline blends. The lower the willingness to pay for high-ethanol blends, the greater the cost of complying with the proposed mandates. Existing estimates of the willingness to pay for high-ethanol blends use data from Brazil (where consumers have knowledge of and experience with high-ethanol blends), data generated when retail prices greatly favored low-ethanol blends, or stated data collected from mail and online surveys. To obtain more accurate estimates of US willingness ...

Asian Investment Infrastructure Bank, Wooyoung Lee, Arkar Hein

Politica Northwestern

The Asian Infrastructure Investment Bank (AIIB), a new international financial institution created by China, recently gained media attention following the induction of several new high-profile members. The bank was initially proposed by China and then launched last October with 20 other countries. Since then, many more nations – including some prominent US allies – have signed on. In total, there are now 57 Prospective Founding Members.

Communities Of Concentrated Poverty: A Proposal For Oregon, Sara A. Chopp

Hatfield Graduate Journal of Public Affairs

This paper is a proposal for how to address poverty in Oregon based on information gathered from interviewing experts in the field and reviewing literature produced by scholars and organizations that address issues related to poverty. The following outlines how we can best address communities of concentrated poverty in Oregon by (1) Addressing communities of concentrated poverty as well as individuals in poverty; (2) Designing efforts that focus on race, equity and social mobility; (3) Defining communities of concentrated poverty using a multidimensional definition based on the dimensions of poverty outlined in The Organisation for Economic Co-operation and Development’s ...

Economic Evaluation Of Coastal Land Loss In Louisiana, Stephen R. Barnes, Craig Bond, Nicholas Burger, Kate Anania, Aaron Strong, Sarah Weilant, Stephanie Virgets

Journal of Ocean and Coastal Economics

Louisiana has lost approximately 1,880 square miles of land over the past eighty years. Projections suggest that in a future without action, the next fifty years could result in the loss of 1,750 additional square miles of land area. As land loss continues, a large portion of the natural and man-made capital stocks of coastal Louisiana will be at greater risk of damage, either from land loss or from the associated increase in storm damage. We estimate the replacement cost of capital stock directly at risk from land loss ranges from approximately $2.1 billion to $3.5 ...

Disrespecting The Minimum Wage: How States Limit The Opportunity For Restaurant Workers To Support Themselves, Samantha Pereira

Themis: Research Journal of Justice Studies and Forensic Science

This paper examines the inequality in the restaurant industry in America. It focuses specifically on the tipped minimum wages in different states compared to the real minimum wage and looks into the gender and racial inequality present in restaurants. The first section analyzes the history of tipping and what it has become in the United States. The paper then moves to describe different struggles that tipped workers in the restaurant industry have to face. The paper also discusses different arguments to raising the tipped minimum wage and compares states with a tipped minimum wage and states without a tipped minimum ...

The Issue At The Heart Of America’S Great Unbanking, Lisa Servon

Penn Wharton Public Policy Initiative

Consumer protection regulation targets services like payday lenders under the presumption that these services can be predatory and associated with high costs. Yet an increasing number of Americans are utilizing such alternative financial services and joining the ranks of the “unbanked” and “underbanked.” Altering this status quo and promoting greater middle-class stability will require that policymakers foster innovation in the development of high-quality, transparent, and consumer-oriented financial services within the mainstream banking system.

Policy Comment: Proposals For Ontario's Solar Future, Rashin Alizadeh

Western Journal of Legal Studies

In Ontario, the protection of solar energy is both complicated and limited. In order to take advantage of evolving greener energy sources, and reduce our contribution to global warming, Ontario must better protect solar energy use and solar energy investments. This commentary evaluates the incentives for extending the use of solar technology as part of the Green Energy Act, 2009, SO 2009. The analysis focuses on the relationship between the provincial and municipal governments as it relates to the green energy industry, and the level of public engagement and awareness that is being achieved. Reform to municipal zoning bylaws are ...

Power Transitions And International Institutions: China's Creation Of The Asian Infrastructure Investment Bank, Liam Gennari

Honors Theses (PPE)

China’s rise has generated a sense of instability in the international system. Power Transition Theory warns that this period of change at the top of the international hierarchy will be a moment of great danger, as China will likely be dissatisfied with the world order that the United States has created. This view coincides with pessimistic realist projections. Neoliberal institutionalism is more optimistic about the prospects for a peaceful transition, believing that China will not necessarily be a dissatisfied power as the international system and its institutions encourage cooperation and a focus on absolute gains, mitigating the likelihood of ...

Do Farm Subsidies Affect Crop Diversification?, Chadwick O'Neal

Georgia College Student Research Events

The United States spends $20 billion each year on farm subsidies. Farmers face increased risk and income variation when their crop portfolio is less diversified. It’s possible for farm subsidies to decrease diversification if they are focused on specific crops. Utilizing state level subsidy and agricultural data from the Environmental Working Group, I used econometric analysis to estimate the effect of farm subsidies on crop diversification. I used the number of acres planted from the 15 top most subsidized and grown crops in the United States to derive my dependent variable, the Herfindahl-Hirschman index (HHI). The HHI is a ...

Who Bleeds When The Wolves Bite? A Flesh-And-Blood Perspective On Hedge Fund Activism And Our Strange Corporate Governance System, Leo E. Strine Jr.

Faculty Scholarship

This paper examines the effects of hedge fund activism and so-called wolf pack activity on the ordinary human beings—the human investors—who fund our capital markets but who, as indirect of owners of corporate equity, have only limited direct power to ensure that the capital they contribute is deployed to serve their welfare and in turn the broader social good.

Most human investors in fact depend much more on their labor than on their equity for their wealth and therefore care deeply about whether our corporate governance system creates incentives for corporations to create and sustain jobs for them ...

The Value Of Statistical Life For College Students In The Context Of Death By Homicide, Brandon Posner

Undergraduate Honors Theses

The Value of Statistical Life (VSL) is used in policy analysis to calculate the benefit of risk-reducing policy initiatives. College students are currently overlooked in the literature, for no college student-specific VSL estimate exists. In this study, I discuss why VSL estimates for the general population cannot be applied to college students. I also derive a college student-specific VSL using a willingness-to-pay survey. I found that payment vehicle has a large impact on students’ willingness-to-pay for risk reduction, and college student VSLs are substantially lower than those of the general population.

Economic Valuation Of Ecosystem Benefits From Conservation Practices Targeted In Iowa Nutrient Reduction Strategy 2013: A Non Market Valuation Approach, Mainul Hoque, Catherine L. Kling

Catherine Kling

With the aim of improving water quality, the Iowa Nutrient Reduction Strategy 2014 sets a goal of reducing agricultural non-point-source generated nitrogen load by 41 percent and phosphorus load by 29 percent in Iowa’s waterways. The “strategy” describes several land use that could achieve those reductions, such as widespread adoption of conservation practices in farming, land retirement, and wetland restoration that can meet the specified target reduction. The goal of the current study is to identify the range of ecosystem benefits resulting from the conservation practices associated with each of these scenarios and apply a nonmarket valuation method to ...

Living Below The Line: Economic Insecurity And Older Americans, Gender Disparities In Insecurity, 2016, Jan Mutchler, Yang Li, Ping Ku

Center for Social and Demographic Research on Aging Publications

New estimates from the 2016 Elder Economic Security Standard^TM Index highlight the high risk of economic insecurity experienced by older adults, a risk that is especially high for older women living alone. The Gerontology Institute compares the 2016 household incomes for adults age 65 and above living in one- and two-person households to the 2016 Elder Economic Security Standard^TM Index for each state and Washington, DC to calculate Elder Economic Insecurity Rates (EEIRs), the percentage of independent older adults age 65 or older living in households with annual incomes that do not support economic security. The EEIRs allow ...

Living Below The Line: Economic Insecurity And Older Americans, Age Disparities In Insecurity, 2016, Jan Mutchler, Yang Li, Ping Ku

Center for Social and Demographic Research on Aging Publications

New estimates from the 2016 Elder Economic Security Standard^TM Index highlight the high risk of economic insecurity experienced by older adults, a risk that is especially high for the oldest seniors. The Gerontology Institute compares the 2016 household incomes for adults age 65 and above living in one- and two-person households to the 2016 Elder Economic Security Standard^TM Index for each state and Washington, DC to calculate Elder Economic Insecurity Rates (EEIRs), the percentage of independent older adults age 65 or older living in households with annual incomes that do not support economic security. The EEIRs allow state ...

Living Below The Line: Economic Insecurity And Older Americans, Racial And Ethnic Disparities In Insecurity, 2016, Jan Mutchler, Yang Li, Ping Ku

Center for Social and Demographic Research on Aging Publications

New estimates from the 2016 Elder Economic Security Standard^TM Index highlight the high risk of economic insecurity experienced by older adults, a risk that is especially high for racial and ethnic minorities. The Gerontology Institute compares the 2016 household incomes for adults age 65 and above living in one- and two-person households to the 2016 Elder Economic Security Standard^TM Index for each state and Washington, DC to calculate Elder Economic Insecurity Rates (EEIRs), the percentage of independent older adults age 65 or older living in households with annual incomes that do not support economic security. The EEIRs allow ...

The Separation Of Corporate Law And Social Welfare, William W. Bratton

Faculty Scholarship

A half century ago, corporate legal theory pursued an institutional vision in which corporations and the law that creates them protect people from the ravages of volatile free markets. That vision was challenged on the ground during the 1980s, when corporate legal institutions and market forces came to blows over questions concerning hostile takeovers. By 1990, it seemed like the institutions had won. But a different picture has emerged as the years have gone by. It is now clear that the market side really won the battle of the 1980s, succeeding in entering a wedge between corporate law and social ...

The Intendant, The Merchants, And Free Trade In Louisiana, 1778-1788, Brian E. Coutts

Brian Coutts

Spain acquired Louisiana from France in 1763 but was initially unsuccessful in integrating the distant colony into the Spanish commercial system. Encouraged by the colony’s chief financial officer, Intendant Martín Navarro, the Spanish Crown introduced legislation on January 22, 1782 to promote commerce. Free trade was to be permitted for ten years with designated ports in France. The liberal character of the code fostered the growth of numerous merchant companies in New Orleans who found markets for all of Louisiana’s exports in France, England and the French West Indies. Unfortunately, Spain continued to absorb all of the administrative ...