Business Commons^™

Boeing-Airbus Subsidy Dispute: A Sequel, Robert J. Carbaugh, John Olienyk

All Faculty Scholarship for the College of Business

After intensifying in the 1980s and 1990s, the longstanding dispute between Europe and the United States over government subsidies for the commercial jetliner industry again heated up in 2004. This time, however, the stakes were higher because both nations sued each other at the World Trade Organization over government subsidies paid to their respective commercial jetliner companies. The dispute over subsidies has heightened trade tensions between the United States and Europe, as both companies spar for dominance in the highly competitive industry of commercial aircraft.

This paper provides a sequel to "Boeing-Airbus Subsidy Dispute: An Economic and Trade Perspective," a …

The Regional Capacity And Possible Expansion Of Holloman Afb, New Mexico: 2004, David A. Schauer, Dennis L. Soden, Brent Mccune, David Coronado

IPED Technical Reports

No abstract provided.

Investing In Real Estate: Mortgage Financing Practices And Optimal Holding Period, Winston T. H. Koh, Edward H. K. Ng

Research Collection School Of Economics

Real estate investments are typically characterized by high degrees of leverage and long-loan tenures. In perfect capital markets, leverage has no impact on the investment decision apart from tax considerations. However, the mortgage financing market is imperfect in many countries. In the presence of market imperfections, an optimal holding period exists for real property investments. We provide a simple rule to calculate the optimal holding period to compare the required rate of return with the leveraged rate of return on equity.

Trade Integration And Political Turbulence : Environmental Policy Consequences., Per G. Fredriksson, Muthukumara Mani

Faculty Scholarship

This paper contributes to the unresolved issue regarding the effect of economic integration on environmental policymaking. In particular, we discuss the joint impact of trade openness and political stability on environmental policymaking. Our theory predicts that the effect of trade integration on environmental policy is conditional on the degree of political stability. Trade integration affects the stringency of environmental policies due to changes in industry bribery behavior, and the effect is conditional on the degree of political stability. The empirical findings support the theory and are robust to alternative specifications. The stringency enhancing effect on environmental policy of trade integration …

Sustained Growth In Nebraska, Saeed Ahmad, John Austin, Tom Doering, Ernie Goss, Bruce Johnson, Mike Lundeen, Donis Petersan, Franz Schwarz, Eric Thompson, Keith K. Turner

Economics Faculty Publications

National Macroeconomic conditions are favorable for future expansion of income, employment, and revenue in Nebraska. In particular, the U.S. economy is now in the heart of an expansion expected to persist over the three year forecast period. The principal engine of growth will be a sustained expansion in private sector investment and consumption demand. However, the rate of growth in the national economy likely will be moderate rather than rapid. At least three factors will act to moderate growth. The first is higher energy prices. Rapid growth in global demand is expected to keep prices for oil and natural gas …

St. Cloud Area Quarterly Business Report, Vol. 6, No. 4, King Banaian, Richard A. Macdonald

St. Cloud Area Quarterly Business Report

No abstract provided.

The Effects Of Malpractice Tort Reform On Defensive Medicine, Katherine D. Hennesy, Heather M. O'Neill

Business and Economics Faculty Publications

Positive defensive medicine occurs when physicians order additional tests or procedures primarily to avoid malpractice liability. This paper shows the degree of defensive medicine occurring across states is related to the malpractice environment in the states. As the environment changes due to malpractice tort reform, defensive medicine practices also change. This paper shows the existence of positive defensive medicine and how it adds to total health care expenditures for head trauma victims in 23 states in 2000. Moreover, given different malpractice environments across states, we witness variations in defensive medicine practices leading to differences in health care expenditures.

Land Values As A Source Of Local Government Finance, Tom Dunne

Books/Book Chapters

Funding local government has been a permanent feature of debates about public policy in Ireland and Many feel that the balance of power between local and central government is weighted too much in

This paper suggests that the concept of economic rent, on which the justification for property taxes rests and its relevance to the property market in a modern, economically successful and urbanised Ireland, needs to be vented, discussed and debated.

The proposition is that if a greater understanding was created about the economic characteristics of landed property both value capture and local property taxes would achieve greater public …

Instructors' Manual On Achieving Health And Safety In The Building And Repair Of Ships And Boats, William Murphy, James Nicholson

Bureau of Labor Education

This instructors' manual contains step by step approaches that instructors can use when teaching from the project book entitled: Achieving Health and Safety in the Building and Repair of Ships and Boats. The chapters in this manual match those contained in the book.

Achieving Health And Safety In The Building And Repair Of Ships And Boats, William Murphy, James Nicholson, Valerie Carter, Jane Crouch

Bureau of Labor Education

In 2002 there were over 5,500 fatalities reported by industries in the United States. A total of 4.7 million injuries and illnesses were reported in private sector workplaces in 2002, resulting in a rate of 5.3 cases per 100 equivalent fulltime workers. The Liberty Mutual 2002 Workplace Safety Index estimates that direct costs for occupational injuries in 1999 rose to $40.1 billion, with indirect costs reaching over $200 billion. Shipyard work is very hazardous, with an injury-illness incidence rate of 16.6 that is more than twice that of construction and general industry.4 While boatyard work is more diverse, and usually …

St. Cloud Area Quarterly Business Report, Vol. 6, No. 3, King Banaian, Richard A. Macdonald

St. Cloud Area Quarterly Business Report

No abstract provided.

Montana Nonresident Traveler Expenditure Profiles: 2003, Jim Wilton

Institute for Tourism and Recreation Research Publications

This report examines spending profiles of nonresident travelers to Montana. It displays the average daily expenditures by purpose of trip for different spending categories during 2003.

Montana Nonresident Seasonal Travel Comparisons: 2003, Jim Wilton

Institute for Tourism and Recreation Research Publications

This report shows the 2003 seasonal visitation and length of stay data for nonresident travelers to Montana. It also displays average daily spending for various expenditure categories, as well as total expenditures for those categories.

The Economic Review Of The Travel Industry In Montana: 2004 Biennial Edition, James Wilton, Norma Nickerson

Institute for Tourism and Recreation Research Publications

This review provides current and historical data of nonresident travel and tourism in Montana, and offers the industry's economic contributions to the state.

Montana Nonresident Traveler Expenditure Trends: 1993-2003, Jim Wilton

Institute for Tourism and Recreation Research Publications

This report shows the nonresident traveler expenditure trends for visitors of Montana from 1993-2003. It also displays the total actual expenditures and the total inflation-adjusted expenditures.

Montana Nonresident Traveler Expenditures And Economic Contribution: 2003, Jim Wilton

Institute for Tourism and Recreation Research Publications

This report shows the economic contributions, expenditures, and average daily spending of nonresident visitors to Montana during 2003.

Vision 2004 El Paso Citizen Survey For City Of El Paso, Dennis L. Soden, America Tirado

IPED Technical Reports

No abstract provided.

Production And Political Economy In The Animation Industry: Why Insourcing And Outsourcing Occur, Feichin, Ted Tschang, Andrea Goldstein

Research Collection Lee Kong Chian School Of Business

This paper presents a framework for explaining production patterns in creative industries. In particular, we focus on the conditions under which insourcing occurs in the US threedimensional animation industry and where outsourcing in the conventional two-dimensional animation industry occurs to the Philippines. The work that is outsourced is not the most creative component of the entire production process. Institutional decisions (as related to the location of decision makers and primary markets), and business conditions in the world market, have both positively and negatively affected the local Filipino industry and its position within the global division of labor. Implications for knowledge-based …

Allocating Contractor Risks In The Hanford Waste Cleanup, Jeffrey M. Keisler, William A. Buehring, Peter D. Mclaughlin, Mark A. Robershotte, Ronald G. Whitfield

Management Science and Information Systems Faculty Publication Series

Organizations may view outsourcing as a way to manage risk. We developed a decision-analytic approach to determine which risks the buyer can share or shift to vendors and which ones it should bear. We found that allocating risks incorrectly could increase costs dramatically. Between 1995 and 1998, we used this approach to develop the request for proposals (RFP) for the US Department of Energy’s (DOE’s) privatization initiative for the Hanford tank waste remediation system (TWRS). In the model, we used an assessment protocol to predict how vendors would react to proposed risk allocations in terms of their actions and their …

St. Cloud Area Quarterly Business Report, Vol. 6, No. 2, King Banaian, Richard A. Macdonald

St. Cloud Area Quarterly Business Report

No abstract provided.

Social Trust And Economic Governance, Fali Huang

Research Collection School Of Economics

The paper investigates the dynamic relationship between social trust and economic governance using a principal-agent model with stochastic returns. To mitigate the inherent moral hazard problem both intrinsic and extrinsic incentives are useful. The cooperative tendency of an agent measures his intrinsic discipline against shirking, the distribution of which characterizes social trust in society. The economic governance methods include direct monitoring and efficiency wage. The main results are the following. An agent with a higher cooperative tendency needs less monitoring and a lower wage to make effort, which brings higher profit for the principal. But competition among principals for more …

Transaction-Data Analysis Of Marked Durations And Their Implications For Market Microstructure, Anthony S. Tay, Christopher Ting, Yiu Kuen Tse, Mitchell Warachka

Research Collection Lee Kong Chian School Of Business

We propose an Autoregressive Conditional Marked Duration (ACMD) model for the analysis of irregularly spaced transaction data. Based on the Autoregressive Conditional Duration (ACD) model, the ACMD model assigns marks to characterize events such as tick movements and trade directions (buy/sell). Applying the ACMD model to tick movements, we study the influence of trade frequency, direction and size on price dynamics, volatility and the permanent and transitory price impacts of trade. We also apply the ACMD model to analyze trade-direction data and estimate the probability of informed trading (PIN). We find that trade frequency has a critical role in price …

The Organisation For Economic Cooperation And Development, Richard Woodward

Articles

This article reviews the role of the OECD, a much cited but little studied institution, in global governance.

Montana Travel Research: 2004, Norma P. Nickerson, James Wilton

Institute for Tourism and Recreation Research Publications

Outlook for 2004 and Review of 2003.

Cuba's Energy Challenge: Fueling The Engine Of Future Economic Growth, Jorge R. Piñón

Institute for Cuban & Cuban-American Studies Occasional Papers

No abstract provided.

Cost Effectiveness Of Treating The Metabolic Syndrome In The Uninsured In Montgomery County, Deepa Bangalore

Masters Culminating Experiences (1993-2011)

Treating the uninsured in cases of cardiovascular emergencies has demonstrated to be a large expense to the health care system, primarily borne by the society as they contribute to taxes/levies that support local hospitals for indigent care. Interventions to reduce the cardiovascular risk factors among the uninsured are expensive but have proven to be an effective alternative to the present situation, which is to treat them only in cases of emergencies. The metabolic syndrome (MS) poses a threat particularly to the uninsured population because of its asymptomatic nature. Detection and treatment of MS at its onset provides substantial clinical benefit …

Social Capital And Economic Development: Possible Links And The Implications For Economic Policy, Allan Ochieng Oginga

Masters Culminating Experiences (1993-2011)

This research project was carried out with three principle objectives. First, I provide a primer investigation of what social capital means and examine its possible relevance in the discipline of economics and I highlight some of the numerous conceptual debates surrounding the theory. Secondly, I shed light on the historical progression and time line for the implications of social capital. That is, where we were in the past, where we are at the current time and where we (as economists) are possibly heading with this into the future. Lastly, I highlight some of the major challenges in applying an empirical …

The Economic Benefits Of International Education At Wright State University And In The Greater Miami Valley, Sonia A. Ninon

Masters Culminating Experiences (1993-2011)

International students in the U.S have seldom been viewed as big contributors to local economies, in particular and to the U.S in general. The purpose of this study is to examine the impact of international students in the United States, particularly at Wright State University (W.S.U), on the Greater Miami Valley Area.

This economic impact study will use previously compiled information extend on it to ascertain the impact of international education in the Miami Valley and by extension to the United States. Public policies towards international students will also be evaluated.

The conclusion is that international students have had a …

Inventing Flight: Economic Impacts Of Heritage Tourism And The National Park Service In Dayton, Ohio, As Part Of The Wright State University Inventing Flight Visitors Survey, July 3-20, Thomas Anthony Mays

Masters Culminating Experiences (1993-2011)

Originally established in 1989 as the 2003 Committee, the Inventing Flight Committee was formed to honor the accomplishments of the Wright Brothers through leading the planning and implementation of the 2003 Inventing Flight Celebrations.1 Inventing Flight’s efforts will realize a lasting legacy, including long term economic impacts in the Dayton region from increases in heritage awareness, improvements in infrastructure, and the arrival of the National Park Service.

Without Inventing Flight, it is unlikely that the Dayton area would have been given the attention necessary to receive designation as a National Historic Park. This designation has and will continue to attract …

A Comparative Evaluation Of The Cost Effectiveness Of Treating The Metabolic Syndrome In African Americans And The General Population, Joseph T. Tasosa

Masters Culminating Experiences (1993-2011)

The Metabolic Syndrome poses an important public health threat to the U.S. health care delivery system. Disparate access to quality health care makes African Americans (blacks) especially susceptible to the adverse effects of MS. Although direct evidence suggests that early treatment of MS risk factors saves lives, no study to date has compared the cost effectiveness of such measures in blacks and the general population. Interventions that promote early treatment of MS risk factors may improve public health but could also lead to excess costs that are ultimately borne by society. The objective of this study was to assess the …