Digital Commons Network^™

Wedges: A Microeconomic Perspective On Misallocation, Lauren Falcao Bergquist, Daniel Lashkari, Eric Verhoogen

Cowles Foundation Discussion Papers

This chapter, prepared for the Handbook of Development Economics (Vol. 6), reviews recent microeconomic evidence on the causes of resource misallocation in developing countries. It distinguishes between “technological” and “distortionary” wedges, develops a unified theoretical framework linking market power, taxes, financial frictions, and firm dynamics, and summarizes empirical findings from the “direct approach” to misallocation. The authors emphasize how wedges vary by firm size and discuss policy implications for improving allocative efficiency.

The Long Goodbye Of The History Of Economic Thought Course In Liberal Arts Colleges In The United States, Humberto Barreto

School of Business and Leadership Working Papers

Economists of a certain age will remember a world in which the history of economic thought (HET) was alive and flourishing. Today, that is not the case. One little-noticed consequence of the elimination of HET from graduate programs in the United States is that the HET course is an endangered species at the undergraduate level. It is not, however, extinct. This paper offers a brief history of HET as a course and explores the extent of the diminution in HET courses in the undergraduate liberal arts college curriculum in the United States. Roughly 40% of 146 schools have a HET …

Airbnb And The End Of The Local, Nadia Beyersdorf

Theses and Dissertations

This thesis examines how second-home ownership and self-catered tourism reshape community life in Tenby, Wales. While gentrification research often focuses on permanent displacement, less attention has been given to the movement of temporary residents that erodes local culture, social ties, and transforms everyday relationships in coastal towns.

Retroactive Eligibility Waivers: Innovative Or Ineffective?, Mohamed Kacem Benyamine

Theses and Dissertations

Medicaid’s retroactive eligibility provision covers medical expenses for beneficiaries up to 90 days before the application date. Retroactive eligibility insulates uninsured, low-income households from expensive healthcare emergencies. New Hampshire, Arkansas, and Iowa recently obtained waivers to end retroactive coverage. Using a difference-in-differences design and data from the Behavioral Risk Factor Surveillance System, I evaluate whether changes in retroactive coverage affect enrollment rates and self-reported health. Removing retroactive eligibility has no statistically significant effects on insurance enrollment or self-reported health. However, it does increase rates of access to a doctor by 1.0% overall and by 1.6% for women. Removing retroactive eligibility …

The Effect Of Medical Aid In Dying On Health Outcomes And Risky Behavior Of The Elderly, Jacky Wu

Theses and Dissertations

This study examines the effects of Medical Aid in Dying (MAiD) legalization on health outcomes and behavior among elderly U.S. adults using BRFSS data from 2005-2022. Using staggered difference-in-differences, this paper finds that MAiD increases exercise, lowers BMI, and reduces blood pressure medication use.

The Long Run Effects Of A Teacher-Focused School Reform On Student Outcomes, Sarah R. Cohodes, Ozkan Eren, Orgul Ozturk

Faculty Publications

This paper examines the effects of a teacher-focused school reform program — combining performance pay with teacher observation and feedback — implemented in high-need schools on students’ longer-run educational, criminal justice, and economic self-sufficiency outcomes. Using linked administrative data from a Southern state, we leverage the quasi-randomness of the timing of program adoption across schools to show that the school reform improved educational attainment and reduced both felony criminal activity before age 19 and dependence on government assistance in early adulthood (ages 18–22). We find little scope for student sorting or changes in the composition of teacher workforce to explain …

Cognitive And Economic Development, John Luke Gallup

Economics Faculty Publications and Presentations

A burgeoning literature has found that early childhood health conditions of individuals have large causal effects on their cognitive development, education and earnings. How much does early cognitive development contribute to the national economy? Although researchers have long studied the role of worker health for economic growth, they have not assessed the role of early cognitive development.

Cognitive ability is the foundation of human capital, affecting both educational attainment and economic growth. The risk factors for poor cognitive development are very high in many countries. Each risk factor also causes child mortality, making child survival a viable proxy for good …

The Economic Impact Of Coal And Coal-Fired Power Generation In West Virginia, John Deskins, Brandon Frazier, Brianna Guarnieri, Mason Sheppard, Will Turman

Bureau of Business & Economic Research

No abstract provided.

Modeling Taiwanese Monetary Policy: Augmented Taylor And Mccallum Rules, Yu-Chi (Yunnie) Cheng

CMC Senior Theses

This study examines how price-based and quantity-based monetary frameworks explain the policy actions of the Central Bank of the Republic of China (Taiwan) within the context of a trade-dependent, small open economy. Utilizing a comparative empirical analysis of Taylor and McCallum rules from 2000 to 2025, the research finds that Taylor rule’s superior fit is contingent upon the inclusion of the augmented variables, such as federal funds rate, Financial Stress Index, and sovereign credit premiums, revealing a policy stance that is deeply reactive to international financial conditions. In contrast, the McCallum rule demonstrates remarkable parsimony, explaining 45% of the variance …

Environmental Degradation And Food Systems In Ghana: Gold Mining And Synthetic Pesticides, Da'mirah Vinson

Honors Theses

This research examines the relationship between environmental degradation and food systems in Ghana. Although sociological research has explored how extractive practices like gold mining dispossesses farmers of land (Gilbert and Albert 2016; Agariga 2021; Kwang and Blagogie 2025), the consequences for food sovereignty and security remain understudied. Research that considers food and land from a sociocultural perspective is even more limited. My research addresses these gaps by asking: How do environmental degradation practices—specifically gold mining and chemical use—affect food production, distribution, and security in Ghana? And how does the decline of arable land reshape cultural food identity? To explore these …

Consumer Responses To Ethical And Privacy Concerns In Ai Chatbots: Evidence From Offensive Language, Gender Bias, And Digital Privacy, Jikhan Jeong

Economics Faculty Research & Creative Works

Due to the rapid innovation of artificial intelligence (AI) and big data, AI chatbots have become increasingly influential computational social systems (CSS) in everyday life. However, the expansion of interactions between AI chatbots and consumers has raised significant ethical and privacy concerns. Using data from an online survey, this study empirically examines how consumer concerns about AI ethics and privacy influence their intention to use AI chatbots. These concerns are categorized into three types: 1) offensive language (generated by AI chatbots or users); 2) gender-biased language (from either source); and 3) digital privacy violations. The findings suggest that prior experience …

The Role Of Socioeconomic Development In Preventing Violent Extremism, Caelan Stewart

CISLA Senior Integrative Projects

No abstract provided.

From Financial Education To Financial Decisions: Evidence On College Financing, Personal Finance Behavior, And Student Attitudes, Dongwei Shi

University of Kentucky Doctoral Dissertations

I examine how financial education shapes students’ financial knowledge, college financing decisions, and longer-term financial behavior.

The first chapter studies whether taking high school financial education in Kentucky affects students’ college financing decisions using linked administrative records on high school course-taking and postsecondary financial aid. Using school-level financial education course availability as an instrument, the chapter evaluates whether exposure to financial education is associated with differences in student loan borrowing and receipt of need-based aid.

The second chapter examines whether exposure to state high school financial education mandates improves financial literacy and longer-term personal finance behavior among U.S. adults. Using …

West Virginia Pre-K-12 Enrollment Projections, John Deskins

Bureau of Business & Economic Research

No abstract provided.

The Impact Of Michigan's Public Act 308 On Foster Care Outcomes: A Synthetic Control Analysis, Maruis D. Martello

Senior Honors Theses and Projects

This paper evaluates the impact of Michigan’s 2014 Public Act 308 on foster care adoption outcomes. By converting traditional adoption subsidies into dynamic, redeterminable contracts, the policy aimed to reduce the financial uncertainty associated with adopting children with latent or evolving special needs. Using data from the Adoption and Foster Care Analysis and Reporting System (AFCARS) from 2000 to 2022, we implement a generalized synthetic control method to account for unobserved time-varying heterogeneity. We find that the policy had no statistically significant impact on the aggregate adoption rate. However, it generated significant gains within targeted subpopulations, increasing the probability of …

Exploring Dominican University Nursing Students’ Perceptions Of Economic Barriers To Accessing Essential Women’S Health Products, Annabelle E. Burke

Nursing | Senior Theses

Period poverty is defined as inconsistent or inadequate access to feminine hygiene products, and it has been shown to negatively impact physical and mental health, academic performance, and dignity across diverse populations. Existing research highlights financial strain, social stigma, and insufficient support as key barriers to menstrual equity among individuals experiencing homelessness, adolescents living in low-resource environments, low-income women, and general undergraduate students (Brinkley & Niebuhr, 2023; Dave et al., 2022; Gruer et al., 2021; Lahme et al., 2018; Parkinson et al., 2024; Gilchrist et al., 2024). However, no studies have examined these issues amongst Dominican University nursing students who …

Sovereign Cat Bonds: Evaluating Issuance, Matthew Sharretts

CISLA Senior Integrative Projects

No abstract provided.

Fiscal Decentralization, Foreign Capital, And Economic Development In Sub-Saharan Africa, Kwadwo D. Frempong

Theses and Dissertations--Public Policy and Administration

Economic development in Sub-Saharan Africa has been shaped by two transformative policy shifts: widespread fiscal decentralization reforms transferring revenue and expenditure authority to subnational governments, and the pursuit of foreign direct investment to supplement domestic capital. Despite the breadth of these reforms, their effectiveness in promoting sustainable economic development remains empirically contested. This dissertation examines three interconnected questions about fiscal governance and capital flows in Sub-Saharan Africa: what determines the extent to which governments decentralize fiscal authority; how county fiscal composition and revenue autonomy shape subnational economic performance; and how foreign direct investment interacts with domestic investment and growth.

The …

Can A Curator Influence Their Nation’S Art Market Value? Adriano Pedrosa, The 60th Venice Biennale, And The Global Repositioning Of Brazilian Art, Maria Joana Ventosa

MA Theses

The 60th Venice Biennale (2024), curated by Brazilian curator Adriano Pedrosa, the first Latin American curator, and the first curator based in the Global South to lead the Venice Biennale, revived long-standing debates concerning visibility and marginalization, who controls canon formation and, in a market where visibility directly affects value, the power of dictating the market. The curator furthered this discussion by curating a show literally titled “Strangers Everywhere”, focused on representations by artists who identify as “othered”, through, for example colonisation and erasure of native cultures, immigration or queerness.  This thesis examines the evolving role of biennials as platforms …

Beyond The Meter: Frameworks For Evaluating The Broad Spectrum Of Microgrid Benefits, Elias Henderson

Cal Poly Humboldt theses and projects

Community-scale microgrids can create a range of social benefits. These include resilient electricity, cleaner air, decarbonization, and economic development, alongside more qualitative values like energy sovereignty and community self-determination. Many such benefits, however, are illegible to California’s market and regulatory frameworks. This thesis traces this disconnect, with particular attention to grid-edge communities in Northern California.

Microgrid benefits are classified as monetized, modeled, or incommensurable according to their inclusion/exclusion in existing regulatory and revenue mechanisms. To explore each category, a mixed-methods analytic approach is employed, pairing Tribal and stakeholder interviews with the development of a microgrid valuation calculator. This tool is …

Labor Market Impacts Of Immigration Enforcement: Evidence From The Second Trump Administration, Rachel Letts

Economics Honors Papers

The onset of the second Trump Administration saw a stark immigration policy shock in the U.S. with record numbers of Immigration Customs Enforcement (ICE) detentions. This paper seeks to understand the labor market impacts of this immigration enforcement that have disproportionately affected the risk of being detained for non-white individuals. To estimate the effect of this policy shock, a triple difference model is used comparing non-white individuals to white individuals living in Metropolitan Statistical Areas (MSAs) with above or below average concentrations of immigration detentions before and after this immigration shock. The regression analysis finds that since the beginning of …

The Economics Of Accountability: Learning From German Holocaust Reparations, Grace I. Gates

Scripps Senior Theses

Drawing on microdata from the Survey of Health, Aging, and Retirement in Europe, this study compares European Holocaust survivors who received reparations with similar Europeans who did not. It finds that, decades on, recipients are not systematically better or worse off on core outcomes like life satisfaction, savings, and debt. This is consistent with the argument that reparations restore parity rather than create new advantages. Where differences emerge, they point to stabilization in more vulnerable settings (e.g., lower likelihood of high debt in parts of Eastern Europe). The main takeaway from effective reparations is applicable to the United States debate: …

Near And Dear: How Proximity To Amenities Shapes Land Value In Maine, William Kopans

Honors Theses

Residential land values reflect the benefits of accessibility to amenities as well as the costs associated with commercial activity. This trade-off is particularly important in Maine, a predominantly rural state where most households rely on automobiles to access employment, retail, and civic amenities. Drawing on hedonic theory, I analyze how households value proximity to public and private amenities located within downtowns and shopping centers. Using parcel-level transaction data from ATTOM combined with amenity data from OpenStreetMap, I construct a novel approach that differentiates downtown and shopping center clusters across the state. The findings demonstrate that properties located immediately adjacent to …

Trade Openness And Economic Growth In Africa: Goods Or Services?, Fe Doukouré Charles

Journal of African Trade

This study examines the impact of trade openness in goods and services on economic growth across Africa, utilizing panel data for all 54 countries from 1980 to 2022. The analysis, conducted at both continental and regional economic community levels, finds that trade openness generally exerts a positive effect on economic performance. However, a significant regional heterogeneity emerges. Notably, a decoupling is observed between goods trade expansion and strong GDP growth in Central and East Africa, a weaker relationship in Northern and Southern Africa, and a similarly decoupled pattern for services trade and GDP growth in most regions, except for a …

Modeling Determinants Of Significant Noncompliance In The U.S. Mining Sector: A Fixed Effects Logistic Regression Approach, Eli Johnson

Dissertations, Master's Theses and Master's Reports

This study examines environmental compliance behavior among mining facilities regulated under the U.S. Clean Water Act (CWA). Using a national quarterly panel of National Pollutant Discharge Elimination System (NPDES)-permitted mining facilities, the analysis evaluates whether local socioeconomic and demographic indicators are associated with the likelihood that a facility enters significant noncompliance (SNC) status. Facility compliance histories are compiled from the U.S. Environmental Protection Agency’s Enforcement and Compliance History Online (ECHO) database and is merged with county- and state-level socioeconomic indicators and election data. A fixed-effects logistic regression model is used to account for time-invariant facility heterogeneity. The results suggest that …

But Who Are The Victims? Reassessing The 568 Higher Education Cartel, James V. Koch

Economics Faculty Publications

Thirty prestigious independent American institutions of higher education were at some time members of the 568 higher education group (often labeled a cartel). Seventeen of them were sued by the U.S. Government and representative students who alleged that their meetings and deliberations resulted in collusion that caused students to pay higher prices. Twelve of the seventeen institutions subsequently settled their cases and by 2024 collectively had paid $284 million to do so. However, an inspection of these institutions' pricing reveals that the median 568 Group institution lowered its average real net annual cost to its undergraduate students by 19.07% between …

Plastic Waste Imports & Coastal Litter: Evidence From Citizen Science Data, Rebecca L.C. Taylor, Hebe Williams, Shan Zhang

Economics Faculty Publications

Plastic waste is an internationally traded commodity, where importing countries recycle plastic waste into usable materials. However, there are concerns that the importation process creates plastic litter - a negative externality - in importing countries. While this concern has received much media and policy attention, quantifying the magnitude of this externality has been hindered by a lack of data on plastic litter across countries and over time. To this end, we use unconventional citizen science data on litter from Ocean Conservancy's International Coastal Cleanup, together with the United Nations Comtrade Database, to estimate the correlation between traded plastic waste and …

The Environmental Justice Implications Of Industry Consolidation: Evidence From U.S. Landfills, Hui Zhou, Shan Zhang, Matthew D. Gordon

Economics Faculty Publications

Over the past three decades, the number of U.S. landfills has fallen by 41%, while average capacity has risen by 130%. This paper studies the distributional consequences of this consolidation. We show these changes coincide with waste disposal shifting toward locations with lower population density and higher shares of low-income, Black, and Hispanic residents. Event studies of landfill openings rule out large effects on migration, though new landfills are sited in places with fast-changing demographics. Using a novel measure of regulation built from large-language-model classifications of state statutes, we show evidence that increased state regulations may contribute to increasing disparities.

Health Status In East Texas, Manuel Reyes-Loya, Cecilia Cuellar, Marilyn Young, Luisa Moraes

Hibbs Newsletter

This issue of the Hibbs Newsletter examines the key economic drivers of East Texas, highlighting trends in GDP, employment, and wages across major metropolitan areas. From 2015 to 2023, the region experienced steady economic growth, led primarily by healthcare, manufacturing, and mining industries. The report emphasizes healthcare as a dominant contributor to both employment and high-wage occupations, offering insight into the region’s evolving economic structure

Representation Of Indigenous Spiritualities In The Ontario Grade 11 World Religions Curriculum: A Discourse And Textual Analysis, Katelin A. Chavez

Laurier Undergraduate Journal of the Arts

No abstract provided.