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Articles 1 - 22 of 22
Full-Text Articles in Law
Labor Market Monopsony And Wage Inequality: Evidence From Online Labor Market Vacancies, Samuel I. Thorpe
Labor Market Monopsony And Wage Inequality: Evidence From Online Labor Market Vacancies, Samuel I. Thorpe
Undergraduate Economic Review
This paper estimates the effects of employer labor market power on wage inequality in the United States. I find that inequality as measured by interdecile range is 23.7% higher in perfectly monopsonistic labor markets than in perfectly competitive markets, even when controlling for commuting zone and occupation fixed effects. I also decompose these results into 50/10 and 90/50 ratios, finding much larger impacts on inequality among low earners. These results suggest that monopsony power has significant and policy-relevant impacts on wage inequality, and particularly harms the lowest earning subsets of the labor force.
Do Mandatory Minimums Increase Racial Disparities In Federal Criminal Sentencing?, Caroline Gillette
Do Mandatory Minimums Increase Racial Disparities In Federal Criminal Sentencing?, Caroline Gillette
Undergraduate Economic Review
Black males received sentences about twenty percent longer than similarly situated white males from 2012 to 2016. Some of this inequality may be introduced by mandatory minimum sentences. Charges carrying a mandatory minimum sentence are brought against Black defendants at higher rates than white defendants. It has been argued that these sentences introduce bias in two ways: legislatively (the types of crimes that carry a mandatory minimum) and in the way these sentences are put into practice (increasing prosecutorial discretion). This brief explores whether mandatory minimum sentences increase racial inequality in criminal sentencing.
Sanctuary Cities And Their Respective Effect On Crime Rates, Adam R. Schutt
Sanctuary Cities And Their Respective Effect On Crime Rates, Adam R. Schutt
Undergraduate Economic Review
According to the U.S. Center for Immigration Studies (2017), cities or counties in twenty-four states declare themselves as a place of “sanctuary” for illegal immigrants. This study addresses the following question: Do sanctuary cities experience higher crime rates than those cities that are not? Using publicly available data, this regression analysis investigates the relationship between crime rates in selected cities and independent variables which the research literature or the media has linked to criminal activity. Results of this research reveal that sanctuary cities do not experience higher violent or property crime rates than those cities that are not sanctuary cities.
Hedge Funds In The Periphery: An Analysis Of Structures Influencing Fund Behavior In The Icelandic And Cypriot Financial Crises, Jameson K. Mah
Hedge Funds In The Periphery: An Analysis Of Structures Influencing Fund Behavior In The Icelandic And Cypriot Financial Crises, Jameson K. Mah
Undergraduate Economic Review
Hedge funds are often viewed from a positive or negative lens in the public and academic forum. However, both of these perspectives neglect structuralist factors. This paper analyzes the effect of these antecedent economic, political, and legal structures. I argue that these structures are at the root of hedge fund behavior, particularly during financial crises. The financial crises of two peripheral countries, Iceland and Cyprus, are used as case studies to illustrate how hedge fund involvement diverges as a result of structural factors.
The Shochu Conundrum: Economics And Gatt Article Iii, Alex Davis
The Shochu Conundrum: Economics And Gatt Article Iii, Alex Davis
Undergraduate Economic Review
This paper will discuss the National Treatment (NT) obligation contained in Article III of the General Agreement on Tariffs and Trade (GATT) 1994 as applied in precedential tax discrimination cases. Case law has not taken a firm stance on the economic versus legal interpretation of the likeness/directly competitive or substitutable (DCS) criterion or the principle of “so as to afford protection” (SATAP) captured in Article III.2. After examining the case law on discriminatory taxation, I conclude that the NT obligation in trade agreements is imperfect. Nonetheless, NT is a critical component of these agreements, and the international trade order would …
Student’S Crime Data Research Attracts National Ethics Symposium Attention, Kim Hill
Student’S Crime Data Research Attracts National Ethics Symposium Attention, Kim Hill
News and Events
No abstract provided.
Alumni Couple Clerking For Federal Judges, Kim Hill
Alumni Couple Clerking For Federal Judges, Kim Hill
News and Events
No abstract provided.
Lytwyn '12 Pursues Passion For Politics, Katherine Filippo
Lytwyn '12 Pursues Passion For Politics, Katherine Filippo
News and Events
No abstract provided.
O'Connor Retirement Creates “High Drama,” Says Illinois Wesleyan Political Scientist, University Communications, Illinois Wesleyan University
O'Connor Retirement Creates “High Drama,” Says Illinois Wesleyan Political Scientist, University Communications, Illinois Wesleyan University
News and Events
No abstract provided.
Re-Examining Venture Capitalist Certification And Insider Selling Decisions During The 1990s., Nicholas S. Koshiw
Re-Examining Venture Capitalist Certification And Insider Selling Decisions During The 1990s., Nicholas S. Koshiw
University Avenue Undergraduate Journal of Economics
This paper addresses the validity of certification and insider selling hypotheses within the context of new issues. Comparisons of venture capital backed and non venture-backed issues with similar offering characteristics show that issuers with venture capital affiliation are more underpriced than non venture-backed IPOs and insider selling results in decreased underpricing. These results contradict the findings of previous venture capital certification studies {Barry (1990), Megginson and Weiss (1991), and Lin and Smith (1997)}, but are consistent with recent work that examines grandstanding {Lee and Wahal (2002)} and insider selling decisions during hot market periods {Ljungqvist and Wilhelm (2003)}.
The Political Economy Of Wto Dispute Settlement: Toward A Synthesis Of International Regime Theories, Christopher L. Griffin
The Political Economy Of Wto Dispute Settlement: Toward A Synthesis Of International Regime Theories, Christopher L. Griffin
University Avenue Undergraduate Journal of Economics
This paper analyzes the explanatory power of mainstream international regime theories from the international political economy (IPE) literature—neoliberalism, realism, and cognitivism—through formal econometric techniques. I use a data set based on 162 dispute settlement cases since the inception of the World Trade Organization and find that the probability of a Dispute Settlement Panel (DSP) forming depends on the share of exports for a target country as a share of its total exports as well as relative gaps in military expenditures (as a share of GDP). These results are highly robust to different model specifications and control variable choice. Though the …
Prices, Legalisation And Marijuana Consumption, Mert Daryal
Prices, Legalisation And Marijuana Consumption, Mert Daryal
University Avenue Undergraduate Journal of Economics
The debate concerning the legalisation of marijuana is intensifying. As the price of marijuana would most likely decrease following legalisation, the law of demand implies that consumption would rise. But by how much? This paper analyses the effect of legalisation on consumption by using data from a specifically-conducted survey of first year students at The University of Western Australia. The results indicate that 53 percent of students have consumed marijuana with males exhibiting a higher intensity than females. The results also show that legalisation would cause consumption to increase by approximately 4 percent. Both legalisation and a 50 percent fall …
Cooperation Within Anarchy: A Case Study Of The Success Of Commercial Banking During The Lebanese Civil War, Mona Kalash
Cooperation Within Anarchy: A Case Study Of The Success Of Commercial Banking During The Lebanese Civil War, Mona Kalash
University Avenue Undergraduate Journal of Economics
This paper analyses the success of the Lebanese banking system during the Lebanese civil war, which lasted from 1975 until 1989. As the rest of the economy plunged into recession due to intense warfare and governmental collapse, the bankers and their clients continued to cooperate across battle lines in the loaning business. The argument of the paper is that the linkage of social and economic games and the importance of reputation in business created incentives for bankers and businessmen to cooperate in the Prisoner’s Dilemma game of lending and borrowing. I challenge the theoretical perspective that cooperation is not possible …
The World Grain Economy To 2050: A Dynamic General Equilibrium, Two Sector Approach To Long-Term World-Level Macroeconomic Forecasting, Benn Eifert, Carlos Galvez, Naureen Kabir, Avinash Kaza, Jack Moore, Christine Pham
The World Grain Economy To 2050: A Dynamic General Equilibrium, Two Sector Approach To Long-Term World-Level Macroeconomic Forecasting, Benn Eifert, Carlos Galvez, Naureen Kabir, Avinash Kaza, Jack Moore, Christine Pham
University Avenue Undergraduate Journal of Economics
Though fifty years is a tremendous time horizon for the forecasting of any trend involving the complex interactions of billions of people and billions of hectares of intricate planetary ecosystems, the analytic methodology of economics is the most capable toolbox available for such forecasting. At the center of such a forecast are two complex functions, supply and demand, coevolving over time and codetermining prices, production, investment, labor flows, export patterns, and most other major variables.
The Economics Of Dowry: Causes And Effects Of An Indian Tradition, Tonushree Jaggi
The Economics Of Dowry: Causes And Effects Of An Indian Tradition, Tonushree Jaggi
University Avenue Undergraduate Journal of Economics
I argue that dowries exist because of a combination of two reasons. First, there is an excess supply of women in the Indian marriage market that results in the use of dowry as an equilibrating mechanism. Secondly, a differential in the patterns of human capital accumulation of men and women have led to a larger positive benefit from marriage for women than for men, the net difference of which is theoretically equivalent to the amount of the dowry. Both these explanations for the existence of dowry are fundamentally grounded in the powerful social and cultural ideologies of marriage held by …
United States V General Dynamics: A Reappraisal, Anthony Wylie
United States V General Dynamics: A Reappraisal, Anthony Wylie
University Avenue Undergraduate Journal of Economics
The purpose of this paper is to examine the reasons behind Material Services’ acquisitions, the reasons why the Government contested the mergers, and how the Government erred in analyzing the case. We wish to show that the combination of the three coal firms—Material Services, Freeman Coal, and United Electric—occurred for reasons of economic efficiency and practicality, not based on any atavistic desire to monopolize and damage social welfare.
The Interactions Of Eco-Labeling, Environment, And International Trade, Yi Qian
The Interactions Of Eco-Labeling, Environment, And International Trade, Yi Qian
University Avenue Undergraduate Journal of Economics
A simple graphical model has been developed to examine the relationship between eco-labelling, international trade and environment. This paper analyses that labelling can possibly have adverse effect on environment when the supply of environment-friendly good is greater than the demand of the friendly good pre-labelling (fig.2). In a dynamic setting, however, this situation could be reversed by shifts of demand and supply curves of environment-friendly products (fig.3). The theoretical model predicts change of product prices, which in turn can alter international trade. In bilateral trade, the interaction with country 2 will result in an improvement in the environmental situation in …
The Minimum Wage In America Will Current Legislation Really Help The Working Poor?, Douglas A. Noe
The Minimum Wage In America Will Current Legislation Really Help The Working Poor?, Douglas A. Noe
University Avenue Undergraduate Journal of Economics
This same incentive is not present for players either already tied up in long-term contracts or those without enough major league service time to qualify for free-agent status. Were Finley's plan adopted, this incentive would be present for all players in all seasons, instead of just the few hoping for lucrative contracts at the end of the year. While the competitive balance (and aggregate statistics) may not be effected, if work effort is indeed endogenous, overall effort (and "hustle") would likely be increased, and a finer product would be put on the field, potentially increasing attendance and thus revenues. Thus, …
An Economic Analysis Of The Death Penalty, Martin Kasten
An Economic Analysis Of The Death Penalty, Martin Kasten
University Avenue Undergraduate Journal of Economics
From an economic perspective, society should only use capital punishment if the marginal benefits outweigh the marginal costs. In the course of analyzing the economic efficiency of capital punishment, and before providing any recommendations, both the benefits and costs of the death penalty must be evaluated. Since the death penalty has been implemented for centuries, many people believe its benefits outweigh its costs. The evaluation of benefits in Part II will be compared to the costs assessed in Part III to determine if this long held assertion is correct.
Environmental Injustice: Evidence And Economic Implications, Heidi Y. Willers
Environmental Injustice: Evidence And Economic Implications, Heidi Y. Willers
University Avenue Undergraduate Journal of Economics
Some economic analyses find evidence of environmental injustice--minorities and/or low-income persons are exposed to environmental dangers (locally undesirable land uses, or LULUs) more than their non-minority or more affluent counterparts. Such inefficient allocations result from a violation of perfect property rights. This paper does not determine efficient levels of various environmental dangers, but rather examines and compares several studies in an effort to find a consensus among researchers. No consensus emerges, as differences in research techniques prevent consistent results from being found. Future research must have well-defined methodologies before it can be effectively used by policy makers.
Child Witnesses In Sexual Abuse Cases And The Sixth Amendment Confrontation Clause, Kelly Thuet '94
Child Witnesses In Sexual Abuse Cases And The Sixth Amendment Confrontation Clause, Kelly Thuet '94
Honors Projects
The legal debate over statutes which allow special treatment for child witnesses of sexual abuse has sparked recent discussion. These statutes permit the testimony of the children to be videotaped or transmitted via one-or two-way closed circuit television into the courtroom. Critics argue these statutes violate the defendant's Sixth Amendment Confrontation Right -to be confronted by the witnesses against him/her. Supporters feel these measures are necessary to protect the interests of young victims of sexual abuse. The goal of this paper is to address the tension between society's interest in protecting child victims and the right of defendants to confront …
An Atheological Apologetic, Joyce A. Lazier '91
An Atheological Apologetic, Joyce A. Lazier '91
Honors Projects
In his article, "Atheological Apologetics," Scott Shalkowski argues that there is no reason to believe that the theist necessarily has the burden of proof in the debate of God's existence. The strength of his argument lies in his assumptions about facts, knowledge, and justification, positive and negative existence claims, and the relevance of context in a debate. First, Shalkowski argues against Anthony Flew who states in his book, The Presumption of Atheism, that general features about knowledge claims "entail the theist (who is the affirmative side of the debate) to first, introduce and defend his proposed concept of God; and, …