Digital Commons Network^™

Consumer Information And The Limits To Competition, Mark Armstrong, Jidong Zhou

Cowles Foundation Discussion Papers

This paper studies competition between firms when consumers observe a private signal of their preferences over products. Within the class of signal structures which induce pure-strategy pricing equilibria, we derive signal structures which are optimal for firms and those which are optimal for consumers. The firm-optimal policy amplifies underlying product differentiation, thereby relaxing competition, while ensuring consumers purchase their preferred product, thereby maximizing total welfare. The consumer-optimal policy dampens differentiation, which intensifies competition, but induces some consumers to buy their less-preferred product. Our analysis sheds light on the limits to competition when the information possessed by consumers can be designed …

Education And Life Satisfaction: A Marginal Mediation Analysis, Faiza Hassan, Hafsa Hina, Abdul Qayyum

Business Review

The current micro-level study explores the impact of education on life satisfaction of individuals in Pakistan via six mediating factors that are health, employment status, marital status, number of children, the scale of income and freedom of choice. The differences based on gender, marital status and the scale of income are also analyzed by using data from Wave 6 (2010-2014) of the World Values Survey. The marginal mediation technique by Barrett (2018) is used. It is observed that education plays a significant role in affecting life satisfaction. The channels of health, freedom and scale of income are found significant in …

Monetization Of Fiscal Deficits And Covid-19: A Primer, Aidan Lawson, Greg Feldberg

Journal of Financial Crises

Monetization—also known as “money-financed fiscal programs” or “money-printing”—occurs when a government finances itself by issuing currency or other non-interest-bearing liabilities, such as bank reserves. It poses real risks—potentially excessive inflation and encroachment on central-bank independence—and some paint it as a relic of a bygone era. The onset of the COVID-19 crisis, however, forced governments to spend heavily to combat the considerable economic and public health impacts. As government deficits climbed, monetization re-entered the conversation as a way to avoid the massive debt burdens that some nations may face. This paper describes how monetization works, provides key historical examples, and examines …

Why Do People Follow Popular, Or Fad, Diets?, Christopher R. Gustafson

Cornhusker Economics

The tradition of goal setting at the start of a year—New Year’s resolutions—is deeply engrained in American society: estimates suggest that between 40 and 50% of adults set New Year’s Resolutions. Many of the most common goals relate to weight management—initiating exercise programs, dieting, or both—which is perhaps unsurprising since over 70% of American adults are overweight or obese.

Why Unsafety Has A Negative Relationship With Economic Effectiveness In The World?, Aziz Zikriyoev

The Scientific-Practice Journal of Architecture, Construction and Design

Due to regularly registered diseases and major accidents of workers in the construction industry can be explained expandable building projects and state programs for supporting population. The main purpose of the current paperwork is to explain wining unsafety at workplaces both theoretical and practical points of view generated with economic and social levels.

Measuring Environmental (Dis)Amenity Value During A Pandemic: Early Evidence From Maryland, Nicholas B. Irwin, Mitchell R. Livy

Molasky Family Department of Economics and Real Estate Faculty Research

© 2021 The Authors With the outbreak of COVID-19 and the implementation of stay-at-home (SAH) orders aimed to mitigate its spread, households became less mobile and sheltered in place. This behavior has potential implications for how households’ value environmental (dis)amenities, especially those that are underutilized during the pandemic. In this paper, we explore changes in the valuation of two prominent environmental (dis)amenities – major roadway and open space proximity – by households within the Baltimore metropolitan region. We find evidence that the housing price capitalization of immediate major roadway proximity changes due to the SAH order and associated policies that …

Connected: Using A Novel In-House Communication System To Efficiently Deliver Imaging Results, Daniel Greentree, Brendan R. Calhoun, Steven Farraher

Journal of Maine Medical Center

Introduction: The primary objective was to investigate the effectiveness of a fully staffed electronic communication system (1Connect) in delivering timely critical imaging results and incidental findings. The secondary objective was to evaluate the financial impact of this system on a radiology practice.

Methods: From January 2014 through June 2016, the 1Connect database was retrospectively reviewed and sorted by category of submission type: Critical (1-hour communication time), STAT (2 hours), or Unexpected finding (3 business days). The percent of successful communications completed within the appropriate time frame was calculated for each priority category and used as a measure of the system’s …

Survey Of The Labor Market For New Ph.D. Hires In Economics 2021-2022, Mervin Jebaraj, David Sorto, Raja Kali

Labor Market Survey

This year, the survey questionnaire was sent to 368 organizations. Questionnaires were returned by 144 organizations (39.1 percent). Of this year’s responses, 53 (36.8 percent) were from those who responded to the last survey conducted for the 2020-21 academic year. Among the academic institutions responding, the distribution of highest degrees offered was as follows: Ph.D.—51.4 percent; Master’s—11.8 percent and Bachelor’s—35.4 percent.

The responses are reported for all respondents, and separately for Ph.D. Degree granting institutions and for schools whose highest degree offered is the Bachelor’s or Master’s Degree. Data for the top 30 institutions in the revised National Research Council’s …

The Productivity Consequences Of Pollution-Induced Migration In China, Gaurav Khanna, Wenquan Liang, A. Mushfiq Mobarak, Ran Song

Discussion Papers

Migration and pollution are two defining features of China's impressive growth performance over the last 30 years. In this paper we study the migration response to pollution in Chinese cities, and its consequences for productivity and welfare. We document a robust pattern in which skilled workers emigrate more in response to pollution than the unskilled. Their greater sensitivity to air quality holds up in cross-sectional variation across cities, panel variation with individual fixed-effects, and when instrumenting for pollution using distant power-plants upwind of cities, or thermal inversions that trap pollution. Pollution therefore changes the spatial distribution of skilled and unskilled …

The Pittsburg Micropolitan Area Economic Report, Quarter 4, 2021, Pittsburg State University. Gladys A. Kelce College Of Business

Pittsburg Micropolitan Reports

The Pittsburg Micropolitan Area Economic Report is created by the Business and Economic Research Center (BERC) at Pittsburg State University.

The Pittsburg Micropolitan Area Economic Profile, 2021, Pittsburg State University. Gladys A. Kelce College Of Business

Pittsburg Micropolitan Reports

The Pittsburg Micropolitan Area Economic Profile is created by the Business and Economic Research Center (BERC) at Pittsburg State University.

The Pittsburg Micropolitan Area Economic Report, Quarter 1, 2021, Pittsburg State University. Gladys A. Kelce College Of Business

Pittsburg Micropolitan Reports

The Pittsburg Micropolitan Area Economic Report is created by the Business and Economic Research Center (BERC) at Pittsburg State University.

The Pittsburg Micropolitan Area Economic Report, Quarter 2, 2021, Pittsburg State University. Gladys A. Kelce College Of Business

Pittsburg Micropolitan Reports

The Pittsburg Micropolitan Area Economic Report is created by the Business and Economic Research Center (BERC) at Pittsburg State University.

The Pittsburg Micropolitan Area Economic Report, Quarter 3, 2021, Pittsburg State University. Gladys A. Kelce College Of Business

Pittsburg Micropolitan Reports

The Pittsburg Micropolitan Area Economic Report is created by the Business and Economic Research Center (BERC) at Pittsburg State University.

A Job Guarantee Proposal For Austria: Public Policy For Full Employment And The Reduction Of Poverty And Inequality, Daniel Haim Ms

Theses - Graduate Programs in Economic Theory and Policy

The Austrian labor market has experienced high rates of involuntary unemployment for several years, and the COVID-19 pandemic has likely exacerbated the problem. Part-time employment rates, especially high for women, have fed into time-related underemployment. Many people have left the labor force wanting to work. Aside from the short-lived Aktion 20,000 program, labor market policies have been ineffective in addressing these issues. A different, more promising approach is the job guarantee. In a job guarantee, the state acts as an employer-of-last resort, granting everyone willing to work the right to a job at a minimum wage. This thesis argues that …

The Great Recession Vs The Covid-19 Pandemic: Unemployment And Implications For Public Policy, Giuliana Scanni Ms

Theses - Graduate Programs in Economic Theory and Policy

The Great Recession lasted from December 2007 until June 2009 and was one of the most severe recessions since the post-war period. It took about two years from the time of the unraveling of the U.S. housing market and mortgages, until the collapse of Lehman Brothers—as the crisis spread to the rest of the financial sector of the economy.

The Covid-19 Pandemic erupted from a public health crisis at the end of January 2020 and unlike the Great Recession, employment collapsed sharply in a matter of weeks, leaving millions without work by April 2020. The Covid-19 Pandemic has demonstrated an …

Addressing The Homelessness Crisis In The United States Of America, Lukas Klatke Ms

Theses - Graduate Programs in Economic Theory and Policy

Data from the American Housing Survey for 2015, 2017, and 2019 show median incomes and median rent cost as a proportion of median income for Whites, Blacks, Hispanics, and Non – Hispanics at the state and metro level. The data demonstrates Blacks have lower median incomes than Whites, and Hispanics have lower median incomes than Non - Hispanics.

Additionally, the data indicates the median rent cost as a proportion of median income values for Blacks is larger than the values for Whites. The values for Hispanics are larger than the values for Non - Hispanics. These results imply Blacks and …

Measuring The Well-Being Of Economies Beyond Gross Domestic Product, Thien Jason Nguyen Ma

Theses - Graduate Programs in Economic Theory and Policy

The most widely used measurement of economies around the world is the gross domestic product (GDP). There has been much study and reasoning that has gone into the conceptual and statistical bases of this indicator and there are even international standards for how it should be calculated. The monetary valuation of goods and services has fabricated a relatively manageable way for us to sum up quantities of different nature and for calculating the economic progress of a nation. The GDP indicator is seen as being another way for measuring money in order to present economic performances and living standards, giving …

Race And Jobs At Risk Of Being Automated In The Age Of Covid-19, Kristen E. Broady, Darlene Booth-Bell, Jason Coupet, Moriah Macklin

CCU Faculty Books

No abstract provided.

Intellectual Property Rights In The Seed Industry: Barriers To Sustainable Agriculture, Elena A. Filatova

Electronic Theses and Dissertations

The dynamics of the dominant industrial agriculture system restrict the seed industry’s innovative landscape, leading to significant negative consequences including an exacerbation of environmental risks which threaten global food security. This thesis explores how exclusionary intellectual property rights (IPRs) in the context of the seed industry constrict innovation, evolutionary pathways, and opportunities for the implementation of sustainable agriculture methods. To overcome these barriers, the application of an open source framework to seed innovation, specifically through the platform of the Open Source Seed Initiative, is evaluated as a tool for enhancing innovative capacities in seed development while broadening the accessibility and …

The Place And Role Of Pharmacy Benefit Management (Pbm) Companies In Us Healthcare System, George Mattis Ii

Electronic Theses and Dissertations

On average, prescription drugs cost US consumers more than any other developed country in the world. US drug makers claim that intermediaries in the prescription drug supply chain, companies called pharmacy benefit managers (PBM), are forcing them to increase their drug prices. PBMs counter that the discounts they receive from drug makers are channeled to insurers. This thesis will examine the role that PBMs play in the prescription drug supply chain and determine what effect they have on drug prices. This thesis will utilize a comparative static model, Structure, Conduct, Performance (SCP) framework to analyze the pharmaceutical manufacturing and the …

The Social Determinants Of Diabetes And Coronary Heart Disease In South Asian American Immigrants, Mishal Ayaz

Electronic Theses and Dissertations

An astounding 20% of South Asian Americans have diabetes (Matthews and Zachariah 2008). Conventional risk factors for coronary heart disease includes: age older than 65, sedentary lifestyle, cigarette smoking, hypertension, elevated low-density lipoprotein (LDL), cholesterol, and type 2 diabetes, all factors beyond health care (italicized for emphasis) (Mathews and Zachariah 2008). But conventional risk factors alone are not sufficient to predict the alarmingly high rates of coronary heart disease (“CHD”) for South Asian Americans. In fact, the only conventional risk factor more prevalent in this community than others is diabetes. So, the question remains, what factors are contributing to the …

The Productivity Wage Gap, Monopsony, And Labor Share Decline: An Analysis Of Wage Suppression Perpetuated By Power, Alexandra Coulter

Electronic Theses and Dissertations

This thesis argues that wage suppression along with the decline in the labor share is caused by a rise in monopsony power realized as a significant increase in the profit share. It attributes the rise in monopsonistic behavior to the development and expansion of the modern corporation. This thesis investigates the reasons for wage suppression, identifies causes of the declining labor share left as exogenous in mainstream models, examines traditional economic wage determination and search models, and evaluates the political economy implications. This work reviews literature on imperfect competition, the corporation, contracts, search and match models, and the motivation of …

U.S. International Trade And National Security In The Trump Era: Mercantilism, Liberalism, Or Economic Nationalism?, Brett D. Barkey

Electronic Theses and Dissertations

This study will explore the Trump administration’s views of national security as expressed through its international trade policy and ask whether the U.S. is now a mercantilist, a liberal, or an economically nationalist nation. This study will define mercantilism, liberalism and economic nationalism turning for assistance to the writings of Alexander Hamilton, Adam Smith, and Friedrich List.

The study will then explore how those concepts may have been revealed in America’s international trade policy as the U.S. navigated the economic and national security events of the 20th century, and on to 2016 as President-elect Trump prepared to take office. Next …

Well-Being In Nonmetropolitan Nebraska: 2021 Nebraska Rural Poll Results, Rebecca J. Vogt, Heather Akin, Cheryl A. Burkhart-Kriesel, Bradley Lubben, L. J. Mcelravy, Timothy Meyer, Steven A. Schulz

Nebraska Rural Poll

This year, rural Nebraskans gave similar assessments of their current situation as they did last year. However, their optimism about their future is slightly lower than last year. And, this year, more rural Nebraskans agree that people are powerless to control their own lives as compared to last year.

Residents of the North Central region are the regional group most likely to believe they will be better off ten years from now. And, residents of both the North Central and Panhandle regions are more likely than residents of other regions of the state to believe they are much better off …

Technical Efficiency Of Milkfish Production In The Province Of Iloilo, Philippines, Lylve Maliz L. Zeller, Salvador P. Catelo, Nora Dm. Carambas

Journal of Economics, Management and Agricultural Development

The Philippine aquaculture sector is primarily dominated by milkfish, with the province of Iloilo as one of the key producing areas. However, the production in the province has exhibited a decreasing trend since 2011. In this light, this study is undertaken to determine the technical efficiency of milkfish production in the province of Iloilo and identify the factors that significantly affect such efficiency. Utilizing the maximum likelihood estimation method, a Cobb-Douglas production function was specified to estimate farm-level efficiency using the data from 181 milkfish producers interviewed. The technical efficiency scores ranged between 12.38% to 90.00%, with a mean of …

An Ardl Approach In Studying The Impact Of Asf And Selected Factors On The Philippine Pork Market Retail Price, Lara Paul A. Ebal

Journal of Economics, Management and Agricultural Development

This study aimed to explore the impact of the farmgate price of hogs, the volume of hog production, the volume of imported pork, the market retail price per kilo of dressed chicken, the quantity of pork consumed by the population, the GDP per capita, and African Swine Fever (ASF) on the pork market retail price in the Philippines. The Autoregressive Distributed Lag (ARDL) approach was implemented to model the pork price using quarterly data from 2000 to 2020. The long-run model showed that farmgate price, hog production, and imported pork during the presence of ASF could affect pork price. Moreover, …

Reimagining China’S Transportation Funding Investments In Africa In The Context Of Covid-1, Clovia Hamilton, Sira Maliphol

Technology & Society Faculty Publications

Africa has not invested enough in its healthcare system, and China has been investing in and financing much of Africa’s transportation system. Many African countries’ fragile health and transportation systems have been further weakened by the COVID-19 pandemic. This literature review confirms the interdependence of the key functional areas of comprehensive development planning and the importance of building and maintaining a sound transportation infrastructure. With respect to partnerships with China, African nations need to strengthen government functional areas more comprehensively, considering all of the areas of development planning including trade as well as transportation and aid issues. It is all …

Competition In Economic Theory And The Skew In U.S. Corporate Wealth Creation, Marc H. Pentacoff

Electronic Theses and Dissertations

Historical studies of U.S. capital markets show a dramatic skew in the distribution of corporate wealth. This thesis investigates the evolution of economic thought related to realistic models of competition, seeking to find the most suitable theory of competition to explain this skew in U.S. corporate wealth creation. The incorporation of realistic elements into the static theories of competition leads to theoretical difficulties in the early 20th century. Another line of thought developed non-equilibrium dynamic models of competition, culminating in Schumpeter. In Schumpeter, firms seek to manage the uncertainty f rom rapid change induced by innovation and increasing returns by …

Children’S Health And Maternal Work Activities, Termeh Tavangar

Electronic Theses and Dissertations

I estimate the effect of poor child health on maternal labor force participation. Mothers of health-impaired children may decide not to work and stay at home to take care of their children. Alternatively, mothers may choose to enter the labor force to pay for these children’s additional resources. Which action dominates is the empirical question I answer in this paper. I control for the potential endogeneity of a child’s health status by using an instrumental variables approach. I find that if mothers have a child in poor health, the probability that the mother works is decreased by thirteen percentage points, …