Digital Commons Network^™

The Evolution Of Our Preferences: Evidence From Capuchin-Monkey Trading Behavior, Keith M. Chen, Venkat Lakshminarayanan, Laurie Santos

Cowles Foundation Discussion Papers

Behavioral economics has demonstrated systematic decision-making biases in both lab and field data. But are these biases learned or innate? We investigate this question using experiments on a novel set of subjects — capuchin monkeys. By introducing a fiat currency and trade to a capuchin colony, we are able to recover their preferences over a wide range of goods and risky choices. We show that standard price theory does a remarkably good job of describing capuchin purchasing behavior; capuchin monkeys react rationally to both price and wealth shocks. However, when capuchins are faced with more complex choices including risky gambles, …

New Mexico Labor Market Review 05-31-2005, New Mexico Department Of Labor

Historic Publications

The New Mexico Labor Market Review is a monthly publication presenting statistical data and analysis on labor market conditions throughout New Mexico. Issues examine statewide and regional trends in employment, unemployment, labor force estimates, industry activity, wages, occupational demand, and related economic conditions, often accompanied by feature articles on topics affecting the state’s economy. This issue covers April 2005.

The Health Challenge In Pakistan: Prognosis And Prescription, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

There is a strong theoretical and empirical evidence that Economic growth causes improvements in human development which, in turn, increases economic growth. The improvement in health results in enhancement of basic capabilities that adds value to human life. The transmission to growth takes place through impact on worker productivity, through demography and through trade and investment. Health has a positive effect on poverty reduction too. Poor households are hit by major illness and fall into poverty trap. Lower earnings due to withdrawal from full time employment increases the risk of illness for the rest of the households. Risk of falling …

Distributing Benefits Of Growth To The Majority, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

The major recurring themes in the popular discussion on the economy have been shifting over the last six years. In the earlier years of the Musharraf period it was widely believed that the country was going to default on its external obligations. When this did not happen there was a loud consensus that Pakistan would not be able to comply with the stringent conditionalities of the IMF and would, sooner or later, get off the track. Since the country successfully completed the programme, the concern was raised that we had emphasized too much on macroeconomic stabilization such as large foreign …

Sharing Potential And The Potential For Sharing: Open Source Licensing As A Legal And Economic Modality For The Dissemination Of Renewable Energy Technology, Jason Wiener

ExpressO

No abstract provided.

National Economy And Impact Of Foreign Aid, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

OUTLINE: I. Types and Forms of Aid/Loans II. Role of Donor Agencies and their Conditionalities III. Impact of Foreign Aid on National Economic Policy IV. Current state of the Economic Policy V. Prospects and Challenges

Globalization, Regional Integration, And National Development, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

I would, at the outset, like to welcome the foreign delegates and particularly those from the countries in the South Asia Region. I am extremely happy to join you on this occasion and thank you for inviting me, once again, to this important event. The views that I would like to share with you this evening will focus on the economic situation globally, regionally within Asia and South Asia and nationally within the South Asian Countries. I will then briefly examine the prospects and challenges that face our region in moving forward in this age of globalization and integration to …

A Model For Emergency Service Of Voip Through Certification And Labeling, Patrick S. Ryan, Tom Lookabaugh, Douglas Sicker

ExpressO

Voice over Internet Protocol (VoIP) will transform many aspects of traditional telephony service, including the technology, the business models, and the regulatory constructs that govern such service. Perhaps not unexpectedly, this transformation is generating a host of technical, business, social, and policy problems. In attempting to respond to these problems, the Federal Communications Commission (FCC) could mandate obligations or specific solutions to VoIP policy issues; however, it is instead looking first to industry initiatives focused on the key functionality that users have come to expect of telecommunications services. High among this list of desired functionality is user access to emergency …

Institutions And Inclusion In Saving Policy, Michael S. Barr, Michael Sherraden

Law & Economics Working Papers Archive: 2003-2009

No abstract provided.

Globalization, Urban Competitiveness, And Human Capital: Davidson County, Tennessee's Place In The Equation, James Russ

Masters Theses & Specialist Projects

Profound changes in the structure of the global economy since the end of World War II have drastically affected the way governments, businesses, and individuals interact with one another. The development of regional trading alliances (European Union, NAFTA, APEC), the end of the Cold War, and the rapid development of information technologies have contributed to new global economic theories that are being adopted by places large and small. Simply put, economic paradigms have changed. Local concerns have become more prevalent in the public debate over economic, political, and societal changes as a whole. The goal of my research is to …

Movement Of Economics Professors Among Top Research Universities In The Us, Benjamin E. Resnick

Renée Crown University Honors Thesis Projects - All

Abstract not Included

Industry-Based Competitive Strategies For Ohio: Managing Three Portfolios, Edward W. Hill, Larry C. Ledebur, Matthew Sattler, Jacob Duritsky

All Maxine Goodman Levin School of Urban Affairs Publications

Deloitte Consulting, LLP, Cleveland State University, OSA Strategy. Political and business leaders have recognized a need to chart a new economic course for Ohio’s future. This study represents a step toward determining effective uses for limited development dollars in the state and filling in Ohio’s economic development strategy. This statewide industry study has been designed to provide economic development officials with insight, analysis, and strategic tools to help businesses compete more efficiently in an increasingly global marketplace.

Intergenerational Justice And Sustainability Under The Leximin Ethic, John E. Roemer

Cowles Foundation Discussion Papers

We model an intergenerational society, with a representative agent at each date, who must deplete a renewable resource, from which he derives utility, to produce consumption goods. We adopt the intergenerational lexicographic minimum as the social welfare function. Initially, technological progress is assumed to exist exogenously. We study the technological requirements for the leximin solution to support non-decreasing welfare over time, and a non-decreasing level of the natural resource. Three utility functions are studied. With a CES utility function, possessing less substitutability than the Cobb-Douglas, the leximin solution involves increasing utilities over time and an increasing size of the natural …

Employment Centers In The Akron, Cleveland And Youngstown Metropolitan Areas, Robert Sadowski

All Maxine Goodman Levin School of Urban Affairs Publications

What is an employment center? McMillen (2003) defines an employment center as a “concentration of firms large enough to have significant effects on the overall spatial distribution of population, employment, and land prices.” Bogart (1998) sees employment centers as a collection of small open economies in a metropolitan area that specialize and trade with each other. Technically speaking, an employment center is a geographic area that exceeds a threshold employment density (employees per square mile) and a threshold employment level.

A Strategy For Growing The Ohio Aerospace & Defense Industry, Jack Kleinhenz, Ziona Austrian, Robert Sadowski, Ed Morrison

All Maxine Goodman Levin School of Urban Affairs Publications

This report provides a strategic framework to guide the activities of the Ohio Aerospace and Defense Advisory Council (OADCAC). The OADAC provides advice to the Governor. Although OADAC does not have operational authority, the OADAC plays an important role in shaping and aligning State policy toward the aerospace and defense industries.

Regional Economic Indicators: Affordability And Quality Of Life, Iryna Lendel

All Maxine Goodman Levin School of Urban Affairs Publications

This study aims to contrast affordability and quality of life as factors of attraction and retention of workforce and businesses in Northeast Ohio’s metro areas with comparable regions across the country. The study is limited to reliable and available data for 36 metropolitan areas from 27 states. As presented, this study serves two purposes: it allows us to compare Cleveland to other metro areas in selected indicators,1 and it creates a valuable database of variables and indicators on affordability and quality of life in 36 metro areas.

The Failure Of Vertical Mergers, Frederick M. Schwarz

Renée Crown University Honors Thesis Projects - All

Creating successful vertical mergers is a challenge for organizations across Corporate America. This honors thesis contains a study of five of those vertical mergers. To complete this study, five mini cases were created that outlined those deals. In addition, statistical analysis of the post merger abnormal returns was completed for each of these deals. Abnormal returns are calculated as the difference between the returns occurring in the post-merger period and the normal returns, i.e., the returns that would have been expected if the merger had not taken place.

This thesis targets the mergers of Viacom Corporation and CBS, Merck Corporation …

Continued Growth In Nebraska, Saeed Ahmad, John Austin, Tom Doering, Ernie Goss, Bruce Johnson, Donis Petersan, Franz Schwarz, Eric Thomson, Keith K. Turner

Economics Faculty Publications

National economic conditions will continue to favor growth over the next three years. Increased business investment will combine with rising industrial production, expanding exports, and moderate increases in consumer spending to grow the economy. The rate of inflation is expected to increase as well. The rate of real (inflation-adjusted) growth will moderate compared to strong economic growth during 2004. Real gross domestic product will grow 3 percent to 3.5 percent over the next three years. High oil prices will remain a drain on the economy, siphoning spending from domestically produced goods and services. Fuel prices are expected to remain at …

Welfare Reform, Saving, And Vehicle Ownership: Do Asset Limits And Vehicle Exemptions Matter?, James X. Sullivan

Upjohn Institute Working Papers

This paper examines whether AFDC/TANF asset tests affect the asset holdings of low-educated single mothers, exploiting variation in asset limits and exemptions across states and over time. There are important reasons to examine vehicle assets in this context. For example, vehicles make up a very significant share of total wealth for poor families, and the variation in vehicle exemptions over time and across states far exceeds the variation in asset limits. Consistent with other recent research, I find little evidence that asset limits have an effect on the amount of liquid assets that single mothers hold. However, I find evidence …

New Mexico Labor Market Review 04-30-2005, New Mexico Department Of Labor

Historic Publications

The New Mexico Labor Market Review is a monthly publication presenting statistical data and analysis on labor market conditions throughout New Mexico. Issues examine statewide and regional trends in employment, unemployment, labor force estimates, industry activity, wages, occupational demand, and related economic conditions, often accompanied by feature articles on topics affecting the state’s economy. This issue covers March 2005.

Testing Backward Linkages Of Fdi In China, Zhuomin Liu

Lingnan Theses

Inward FDI (Foreign Direct Investment) affects productivity of local industries through three channels- direct effects, horizontal spillovers, and vertical linkages. This study focuses on the backward linkages of FDI in the 28 two-digit manufacturing sectors in China, as well as their horizontal and forward linkage effects. Two related tests, firm level pooled data test 1999-2002 and industrial level panel data test 1994-2003 are conducted to investigate whether backward linkages from multinational buyers brings productivity gain to local suppliers. Firm level tests provide convincing evidence that increase backward linkage of FDI will lead to productivity gains. This includes not only total …

An Economic Theory Of Infrastructure And Commons Management, Brett M. Frischmann

ExpressO

In this article, Professor Frischmann combines a number of current debates across many disciplinary lines, all of which examine from different perspectives whether certain resources should be managed through a regime of private property or through a regime of open access. Frischmann develops and applies a theory that demonstrates there are strong economic arguments for managing and sustaining openly accessible infrastructure. The approach he takes differs from conventional analyses in that he focuses extensively on demand-side considerations and fully explores how infrastructure resources generate value for consumers and society. As a result, the theory brings into focus the social value …

Financing Human Development In Pakistan, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

No abstract provided.

Globalization, Law & Development: Introduction And Overview, Michael S. Barr, Reuven S. Avi-Yonah

Law & Economics Working Papers Archive: 2003-2009

No abstract provided.

Microfinance And Financial Development, Michael S. Barr

Law & Economics Working Papers Archive: 2003-2009

No abstract provided.

April 2005, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

Wright State University Regional Economic Report, Spring 2005, Thomas L. Traynor

Economics Faculty Publications

No abstract provided.

Reconsidering Job Training And The Workforce Investment Act, Christopher J. O'Leary, Robert A. Straits, Stephen A. Wandner

Employment Research Newsletter

No abstract provided.

The Nonparametric Approach To Applied Welfare Analysis, Donald J. Brown, Caterina Calsamiglia

Cowles Foundation Discussion Papers

Changes in total surplus and deadweight loss are traditional measures of economic welfare. We propose necessary and sufficient conditions for rationalizing consumer demand data with a quasilinear utility function. Under these conditions, consumer surplus is a valid measure of consumer welfare. For nonmarketed goods, we propose necessary and sufficient conditions on market data for efficient production , i.e., production at minimum cost. Under these conditions we derive a cost function for the nonmarketed good, where producer surplus is the area above the marginal cost curve.

(Wp 2005-05) Assessing The Determinants Of Willingness To Pay For Urban Flood Control: The Role Of Locational, Demographic And Attitudinal Factors, David E. Clark, Robert J. Griffin, Vladimir Novotny

Economics Working Papers

The urbanization of urban watersheds can influence flooding risks. Traditional Federal Emergency Management Agency (FEMA) flood risk maps identify 100 year floodplains. These maps are updated infrequently. However, as a community urbanizes, flood risks can change, especially for downstream residents. Thus, one would expect that the willingness to pay (WTP) to prevent the worsening of flooding risk would depend in part on the location of the household in the community and their associated flooding risk. Economists and regional scientists have evaluated the role played by traditional demographic factors. However, attitudinal factors measuring community norms, political philosophy, and other psychological factors …