Digital Commons Network^™

Between The Entrepreneurial Impetus For Higher Profits And Consumer Rights Or Types Of Unfair And Misleading Commercial Practices: Insights From Bulgaria, Silviya Atanasova Topleva

International Journal on Consumer Law and Practice

The application of unfair misleading commercial practices affects the economic interests of consumers, threatening legal security and the achievement of market equilibrium. In response to these imbalances, the law builds a solid regulatory network for consumer protection. In the codification of the protection of consumer interests from unfair commercial practices, an important place is occupied by secondary legislation of the EU, and in particular Directive 2005/29/EC concerning unfair business-to-consumer commercial practices in the internal market. The article presents a classification of the types of unfair misleading commercial practices based on the regulatory framework at the European and national level. The …

Do Americans Support More Housing?, Michael Lewyn

Scholarly Works

An analysis of opinion poll data on housing issues. The article finds that Americans generally believe that their community needs more housing of all types, but are more closely divided about whether such housing should be in their own neighborhoods. The article further finds that members of minority groups, lower-income Americans, and younger Americans are more pro-housing than older, affluent whites.

Three Essays On Externalities Of Energy And Agricultural Production, Taiwo Foluso Akinyemi

Graduate Theses, Dissertations, and Problem Reports (ETD)

This dissertation consists of three essays exploring the externalities that arise from energy production and development in a developing country, Nigeria, and agricultural production in a developed nation, the United States (US). The research examines the benefits of energy development in terms of its impact on local wealth and the associated costs, including the health effects on communities living near energy production sites. Additionally, the dissertation analyzes the opportunity costs of policies aimed at preventing the relocation of nutrients, particularly nitrogen fertilizers, within the agricultural sector and their impact on the producer and consumer surplus.

The first essay examines the …

Three Essays On Energy Related To State Policies And Low Carbon Transitions, Pinky Thomas

Graduate Theses, Dissertations, and Problem Reports (ETD)

This dissertation consists of three essays on energy-related state policies and energy transition. Each paragraph below refers to the three abstracts for the three chapters in this dissertation, respectively.

The first essay is entitled: “Impacts of State Tax and Resource Ownership Policies on Extraction: Evidence from U.S. Natural Gas Production”. The innovation of combined use of horizontal drilling and hydraulic fracturing technologies during the 2000s has allowed natural gas producers in the United States to extract natural gas and liquids from deep shale formations in a cost-efficient manner. This essay evaluates whether unconventional gas production responds to tax changes, and …

Three Essays In Urban And Regional Economics, Bryan Khoo Wyng Wai

Graduate Theses, Dissertations, and Problem Reports (ETD)

This dissertation "Three Essays in Urban and Regional Economics" contains three chapters which explore urban and regional economics. The first chapters focuses on examining the effect of stadiums on congestion; the second chapter on the effect of military base closures on the housing market; and the third chapter is a meta-analysis on historical instrumental variables.

The first chapter examines the effect of National Football League games on traffic congestion in Cincinnati, Ohio; Seattle, Washington; and Santa Clara, California during the 2018 and 2019 seasons. By linking sporting events to traffic congestion, this paper provides the mechanism for stadiums generating additional …

Essays On Consumption Dynamics, Shaun M. Gilyard

Graduate Theses, Dissertations, and Problem Reports (ETD)

This dissertation, titled "Essays on Consumption Dynamics," comprises three chapters delving into consumer behavior within the context of household financial management. It sheds light on how consumers navigate their budgets concerning daily expenses, particularly around bill payments, and examines the potential influence of household financial holdings on the redistribution effects of monetary policy.

The first chapter delves into how consumers strategically handle their budgets in proximity to bill payments. Analyzing daily transaction-level data containing detailed expenditure information, it reveals a trend of consumers deferring non-bill expenditures until after bill payments. Spending spikes by 41% - 51% above average on the …

Three Essays In Urban, Health And Public Economics, Dinushka Paranavitana

Graduate Theses, Dissertations, and Problem Reports (ETD)

This dissertation “Three Essays in Urban, Health and Public Economics” contains three chapters which explore urban, health and public economics. The first two chapters focus on examining the unexpected consequences of urban and health related policies, while the third chapter explores the nuanced relationships between health policies and religion. The first chapter examines the impact of NFL and NBA games, beyond the reach of stadium walls and arenas, extending to how it affects driver behavior after games. In this paper I analyze how game outcomes for professional level football and basketball games have an impact on affecting the rate of …

Three Essays On Misinformation, Mistrust And Their Influence On Public Health Policy, Eli Kochersperger

Graduate Theses, Dissertations, and Problem Reports (ETD)

In the first chapter I identify the impact of fentanyl exposure misinformation- namely, the erroneous belief that momentary, passive contact with the potent opioid fentanyl can be seriously harmful- on first responder behavior during overdose events, and on overall opioid-related mortality. I examine changes in opioid-related mortality following one particularly well-covered episode involving an Ohio police officer in 2017, wherein the officer appeared to experience an acute opioid overdose after touching what was believed to be fentanyl. Employing a synthetic differences-in-differences identification strategy, I find areas with greater media exposure to this misinformation exhibit marked increases in opioid overdose deaths; …

Analisis Dampak Program Bantuan Pangan Non-Tunai Terhadap Pengeluaran Konsumsi Rumah Tangga Pertanian Di Maluku, M. Rismawan Ridha, Rumayya Rumayya

Jurnal Ekonomi dan Pembangunan Indonesia

Poor households in the agricultural sector belong to a group with high food insecurity. As one of the instruments in overcoming the problem of food insecurity, Non-Cash Food Assistance (BPNT) provides social assistance to the poor to purchase adequate and nutritious food. This study aims to analyze the impact of BPNT on the expenditure of poor households in the agricultural sector in Maluku province. Using the Propensity Score Matching analysis on March 2020 Susenas data, the results show that BPNT significantly influences increasing food expenditure but not total expenditure.

Keunggulan Kompetitif Produk Pangan-Pertanian Asean-5 Selama 20 Tahun: Perubahannya Melalui Krisis, Reninta Dewi Nugraheni, Kanetasya Sabilla

Jurnal Ekonomi dan Pembangunan Indonesia

This study aims to assess the competitive advantage of foreign trade in agri-food products of five Association of South East Asia Nations (ASEAN) countries, namely Indonesia, Malaysia, Thailand, Singapore, and the Philippines between 2003–2022 by dividing the period into the global crisis in 2009, the trade war between China and the United States (US) in 2018, and the COVID-19 pandemic in 2020. The study built an econometric model using the Revealed Comparative Advantage (RCA) and Revealed Symmetric Comparative Advantage (RSCA) indicators. It was found that the value of the RSCA distribution for the five countries has changed significantly over the …

Dampak Kesenjangan Jam Bekerja Terhadap Ketimpangan Upah Di Jabodetabek Selama Pandemi Covid-19 Tahun 2020, Sophia Lailil Jannah, Ariska Nurfajar Rini

Jurnal Ekonomi dan Pembangunan Indonesia

This study aims to analyze the differences in working hours of male and female workers on the wage gap during the Covid-19 Pandemic in Jakarta, Bogor, Depok, Tangerang, and Bekasi (Jabodetabek) area in 2020 using the Ordinary Least Square (OLS) and the Blinder-Oaxaca Decomposition. Utilizing the National Labor Force Survey (SAKERNAS) 2020, the results showed that working hours positively and significantly affected wages with a coefficient of 4.72% for male workers and 7.05% for female workers. The Blinder-Oaxaca decomposition proved that working hours contribute to reducing the wage gap because there is wage convergence due to reduced working hours during …

Pengaruh Persaingan Politik Terhadap Anggaran Kesehatan: Studi Kasus Pada Kabupaten Dan Kota Di Indonesia, Sri Runtiningsih, Akhmad Akbar Susamto

Jurnal Ekonomi dan Pembangunan Indonesia

This study aims to analyze the effect of political competition on health budgets in Indonesia. The analysis was conducted using a fixed-effects panel data regression approach for Indonesia’s regencies and municipalities between 2009 and 2019. To obtain robust results, this study uses three different measures of political competition, namely the Multiparty Margin Index, the Herfindahl-Hirschman Index (HHI), and the Effective Number of Parties (ENP) Index. The estimation results show that only legislative political competition has a significant and consistent negative effect on the health budget, it is similar to the Leviathan Model theory.

Analyzing The Effects Of 2018 Bank Reclassifications On Individual Balance Sheet Compositions, Hiyab Abraha

CMC Senior Theses

The March 2023 collapse of Silicon Valley Bank (SVB) marked the second largest bank failure in United States history and the largest bank failure since the 2008 Global Financial Crisis (GFC). This paper analyzes the mechanisms underlying SVB’s downfall and explores the specific systemic vulnerabilities that March 2023 revealed. To study the impact of systemic risk reclassification on individual bank balance sheets, I construct a quarterly panel dataset of the largest US chartered banks and track their regulatory classification and financial reports from 2009 to 2023. The 2018 Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) changed the Federal …

Happy Teams: Utilizing Remote Data Entry Work To Understand The Relationship Between Team Gender Composition, Team Performance, And Worker Satisfaction, Laura Zimmer

CMC Senior Theses

The following study contributes to existing scholarship surrounding the relationship between gender and teamwork. My experiment aims to build on how gender impacts team members' success, emotions, and overall experience by randomly pairing individuals in two-person remote teams, to complete data entry tasks together. Teams work together remotely to complete tasks rating Chicago roads. Pre and post-teamwork surveys were completed by individuals surrounding their emotions and experience working with their partner. My results demonstrate that single-gender female teams report the highest increases in happiness while working in teams. Individuals were found to rate partners of their same gender more highly …

Do Inclusionary Zoning Ordinances Restrict Housing Supply: An Instrumental Variable Approach Using Evidence From California, Liam James

CMC Senior Theses

Do inclusionary zoning (IZ) ordinances restrict the supply of housing, putting undue upward pressure on prices? Using an improved version of the California Coalition of Rural Housing database, we use OLS and 2SLS methods to estimate the effect of IZ policies on supply. In demonstrating the endogeneity of OLS, we address this concern through the use of differences in two-party voter registration as an instrument for the presence of an inclusionary zoning ordinance. We find no evidence consistent with a clear restrictive effect of these policies.

Shifting Landscapes: The Effects Of Gentrification On Homelessness In Los Angeles County, Hannah Huining Deng

CMC Senior Theses

Gentrification, characterized by the influx of young professionals into low-income neighborhoods, is reshaping communities across the US. This study investigates how gentrification impacts homelessness rates through the mechanisms of median housing values and educational attainment. Using a longitudinal design, data was gathered on census tracts and service planning areas located within Los Angeles County spanning 7 years (2011, 2013, and 2015 to 2019). Census tract data was categorized into gentrifiable and nongentrifiable subgroups to establish a more discernible cause-and-effect relationship. As hypothesized, the study results show that gentrification is associated with increased rates of homelessness through increased bachelor’s degree attainment. …

A Dollar A Day Keeps Inflationary Crisis Away: An Evaluation Of Proposed Dollarization In Argentina, Dante Mcdermott

CMC Senior Theses

This thesis analyzes the history and policy variations of dollarization to gain understanding that can be used to evaluate the proposal of dollarization in Argentina. After analyzing the monetary policy histories of Ecuador, El Salvador, Liberia, Panama, and Zimbabwe, I put the main takeaways into the context of Argentina’s monetary history and current economic situation. I find that the adoption of foreign currencies in an economy provides short-term relief from inflationary crises, but that long-term economic benefits are vulnerable to attacks by populist leaders and their high spending governments. In order to maximize the long-term benefits of dollarization, the policy …

Nfl Positional Value In Terms Of Salary Cap Spending: Why Are Running Backs Undervalued?, Charlton Jackson

CMC Senior Theses

Running Backs over the past two decades have seen a contract value devaluation relative to other positions and the league's salary cap spending limit. The growth of running back salaries has stagnated in the past decade, and they currently fail to keep pace with the contracts for other positions. Through our empirical research, we were able to either reject or better explain existing reasoning for recent running back devaluation, such as the increase in passing volume, durability concerns, and running backs by committee. We found that the most significant change in the past 30 years of the NFL, since the …

Electric Vehicles: Exploring The Granularity In California Zip Codes, Hans Melvern Kasim

CMC Senior Theses

This paper studies a number of factors that affect electric vehicle (EV) sales in California. In comparison to previous papers, this paper examines EV sales at a higher granularity by using zip code level data. My model utilizes a panel fixed effect to examine factors like income, energy prices, commute time, number of chargers and tax rebates. The results show that the number of chargers (specifically DC fast), commute time, and tax rebates have the greatest statistically significant effects on EV sales in California. Furthermore, I utilize an empirical specification - a conditional logit model accounting for zip code fixed …

Divided By Design? Urban Renewal’S Differential Impacts On Economic Outcomes By Race, Derik Suria

CMC Senior Theses

I study city-level effects of the federally and state-sponsored urban renewal program that aimed to improve living conditions for residents in blighted areas and slums. I use an interdisciplinary approach to estimate urban renewal effects on measures of income, property value, poverty, and employment. I first replicate the methodology and estimates of urban renewal effects on city outcomes in 1980 from Slum Clearance and Urban Renewal in the United States (Collins and Shester 2013). I extend this research by looking at a longer time horizon (1990, 2000, 2010) and incorporating race-based outcomes. From 1980 to 2010, estimated effects on property …

Mental Imagery Contributes To Loss Aversion By Amplifying Negative Emotions, Daniel Kroshchuk

CMC Senior Theses

Defined as the experience of sensory information without the presence of external stimuli, mental imagery is thought to play a role in memory, emotional regulation, and decision-making. Recent studies suggest that mental imagery varies widely across the general population, with approximately 2-4% of individuals having a reduction or complete absence of visual imagination, a phenomenon known as aphantasia. Individuals with aphantasia show reduced emotional arousal to fear-inducing imagery, raising the question of how variation in imagery affects cognitive processes that are influenced by emotion. Specifically, in economic decision-making it has been shown that the prospect of loss triggers negative emotions, …

Revolutionizing Lithium Extraction: Analysis Of Factors Affecting Commercialization Timelines With Insights From The Shale Gas Boom, Bilge Tayyar

CMC Senior Theses

This study draws parallels between Direct Lithium Extraction (DLE) and hydraulic fracturing to highlight the transformative potential of DLE technology in the lithium industry. The comparative analysis supports the hypothesis that DLE might expedite commercialization timelines, similar to the effect hydraulic fracturing has had on traditional shale gas extraction. The study includes a regression analysis to determine the factors affecting the commercialization of conventional lithium brine extraction methods, thereby better understanding the potential changes DLE will create. The regression model, based on data from 11 projects, examines the impact of variables such as temperature range, tax rates, royalty rates, regulatory …

Analysis Of Government Stimulus During Covid-19 And The Bank Distress Of 2023, Kara Hagler

CMC Senior Theses

Due to the hardships that small businesses were facing from the onset of COVID-19 in March 2020, the government created the Payment Protection Program (PPP). This program used banks as the initial lenders for small business loans to facilitate loans from the government to small businesses. In this article, I study how participation in the PPP lending program contributes to the Bank Distress of 2023 by using a bank-level quarterly panel data set from 2019-2023. Estimation of difference-in-difference specifications reveals banks that opted into the PPP program experienced an increase in held-to-maturity securities relative to non PPP banks. The mechanism …

Driven By Change: The Impact Of Macroeconomic Shifts And Covid-19 On New Vehicle Sales, Jackson Aldrich

CMC Senior Theses

This paper examines the impact of macroeconomic factors and the COVID-19 pandemic on new vehicle sales. In order to address these two topics, a two-pronged approach was used with separate regression models. The macroeconomic variables include monthly supply of new homes, CPI for urban public transportation, unemployment rate, disposable personal income, inflation expectation, consumer sentiment, average gas prices, and total vehicle miles traveled which were regressed on total vehicle sales from 1978-2022. The regression results confirmed and supported current literature and highlighted the importance of the housing market and unemployment rate on new vehicle sales. The COVID-19 pandemic model variables …

Is Green The New Gold? Esg’S Influence On The Financial Performance Of The Energy And Mining Industries, Alexa De Vegvar

CMC Senior Theses

The demand for Environment, Social, and Governance (ESG) reporting has increased in recent years. As the concern for climate change has moved to the forefront of the investment process, companies have needed to prioritize ESG in their operations. Previous literature addresses how ESG has benefited companies’ financial performance and increased shareholder value. The pandemic has proven to have positively impacted ESG reporting as social priorities shifted. However, studies have also shown that ESG reporting is too ambiguous to concretely display any relationship with financial performance. This thesis will analyze the impact of ESG and environmental data reporting on the Return …

Determinants And Effects Of Offset Usage Within The California Cap-And-Trade System – A Firm-Level Analysis, Adarsh Srinivasan

CMC Senior Theses

This thesis examines the determinants of the usage of carbon offsets within the California cap-and-trade program for greenhouse gas emissions. It also investigates the relationship between a firm’s investment in offsets and its financials for publicly traded companies. Entity-level data from 2013 to 2020 was used, which was sourced from the California Air Resources Board. Multiple regression analysis was used to investigate factors that correlated with offset usage and whether offset usage correlated with EBITDA. Dummy variables indicating geographic location and economic sector of each entity were used as controls. The analysis found that total covered emissions and privately owned …

Capturing Value In Emerging Markets: A Real Options Perspective On Resilience And Risk, Alexander Castillo

CMC Senior Theses

This paper examines the evaluation of investment opportunities in emerging markets (EMs) through real options analysis, against the backdrop of their unique risk profiles and the recent trend of EMs exhibiting resilience in economic performance. While EMs are associated with high growth rates and infrastructure gaps, they have shown adaptability, particularly in monetary policy responses to inflation. This paper explores the sensitivity of net present value (NPV) and real options (RO) to changes in the capital asset pricing model, adapting the yield spread to capture default risk and local risk-free rates. Utilizing oil benchmark price data, the paper constructs a …

How Does Foreign Born Population Affect Tax Morale And Perceived Immigrant Strain On The Welfare System?, Chase Keir

CMC Senior Theses

The goal of this paper is to assess the effect of foreign born population concentration on tax morale and perceived immigrant strain on the welfare state in Sweden. This paper uses data from the European Values Survey as well as merging data regarding the population makeups of the regions in Sweden the respondent is from. Using multiple OLS regressions over 2 time periods, the significant explanatory variables will be uncovered. I find that foreign born population percentages are not very statistically significant if at all, and the actual explanatory variables with high significance are gender, education level, political skew, and …

Architects Of War: The Economic And Industrial Strategies Of The Third Reich And United States Under Albert Speer And William Knudsen, Spencer David Taylor

CMC Senior Theses

This thesis presents a chronological narrative that delves into the economic and industrial underpinnings of the Second World War, focusing on the contrasting war machines of Germany and the United States. By examining the strategic decisions and outcomes shaped by two central figures, Albert Speer of Germany and William S. Knudsen of the United States, this study highlights how their approaches to war production profoundly influenced the overall trajectory and outcome of the war. Knudsen’s embodiment of the American industrial spirit and Speer’s manipulation of Germany's constrained resources illustrate the crucial roles that economic strategies played alongside military operations. The …

How Do Pay Transparency Laws Impact The Gender Pay Gap In The United States?, Kendall Chapko

CMC Senior Theses

After much progress during the late 1900s, the gender pay gap has hardly closed in the last two decades. As policy makers look for new solutions, many governing bodies have turned to pay transparency laws, which make employee salaries transparent to employees. There have been several international studies on this topic, and almost all found that these laws are very effective in decreasing the pay gap. This research is extremely important, as it suggests that these policies push us further towards equality, and makes gender based discrimination less common in the workplace. In my study, I conduct a difference in …