Social and Behavioral Sciences Commons^™

Hierarchical Decomposition Of U.S. Personal Consumption Expenditure: 1984-1991 And 2000-2006, Steven D. Silver

Faculty Publications

We conceptualize structure in personal consumption by explicitly defining categorizations of goods and services that consumers typically make in defining and organizing these objectives in their heuristics. Results from estimation of an Almost Ideal (AI) Demand System in each of two study periods generally support the structural differentiation of consumption goods.

Do Markets Promote Immoral Behavior?, Fred Foldvary

Faculty Publications

Pure markets enhance good behavior, because in such arrangements, voluntary acts are rewarded and involuntary acts are punished. A pure market, as we define it, consists only of voluntary human action. That’s because a truly free market includes governance structuresthat penalize coercive harm, and such pure markets do not impose any restrictions or costs on honest and peaceful human activity.Critics of markets think otherwise. They point to slave markets or a market for stolen goods as examples of market immorality.

An Economic Survey Analysis Of The Legal Literature Pertaining To The Privacy Implications Of Radio Frequency Identification Technology, Stephen M. Jerbic

Faculty Publications

No abstract provided.

Ebay Or Amazon? Time-Sensitive Retail Purchases Via Auctions, Brennan C. Platt

Faculty Publications

We consider a population of buyers who have unit demand for a homogeneous good, and only differ in terms of how soon they need to purchase it. These buyers have access to a stochastic stream of second-price auctions, as well as a retail outlet that can be used at any time. We characterize the equilibrium bidding dynamics, showing that bidders steadily raise their reservation price as they approach their deadline. This market produces a considerable degree of dispersion in auction revenue. Surprisingly, extending the buyers' deadlines actually increases expected revenue and the fraction of buyers using the retail outlet.

Can Female Entrepreneurship Programmes Support Social And Solidarity Economy? Insights From China And India, Tonia Warnecke

Faculty Publications

Increases in overall female entrepreneurship do not guarantee improvements in women’s socioeconomic status; much depends on whether the entrepreneurship is based on opportunity or necessity. In countries like China and India, women tend to be necessity entrepreneurs in the informal sector, with lower income and little potential for career advancement. While these countries have devoted significant resources toward programmes aiming to increase female entrepreneurship, not all of these programmes support opportunity entrepreneurship. An even larger question is whether these programmes support or challenge Social and Solidarity Economy (SSE). In addition to solidarity microfinance schemes around the world, Self-Employed Women’s Association …

Effects Of Ad-Valorem Taxes On Location Decision Under Free Entry Cournot Oligopoly, Yeung-Nan Shieh

Faculty Publications

This paper examines the impact of the ad-valorem commodity tax as a policy device on the location decision of undifferentiated oligopolistic firms with free entry. It shows that: (1) When the distance between the plant location and the output market is held constant, the optimum location for the oligopolistic firm would be independent of the ad-valorem tax if the production function is homothetic, and (2) when the distance between the plant location and the output market is a decision variable, the optimum location for the oligopolistic firm will move closer to the output market if the demand function is linear …

The Correspondence Between Irving Fisher And Nathaniel Terry Bacon At The James P. Adams Library Rhode Island College, Richard Vangermeersch, Marlene L. Lopes, Editor

Faculty Publications

This project brings together the correspondence between Yale economist Irving Fisher and entrepreneur-industrialist, philanthropist and gentleman scholar Nathaniel Terry Bacon. In doing so it provides a window into the thoughts and interactions of two intelligent and influential men, related by marriage but very different in terms of personality, social outlook, and economic theory. Spanning the first quarter of the 20th century, these letters have as their backdrop key events such as the First World War, the impending stock market crash, and the eve of the great depression.

Professor Emeritus Richard Vangermeersch initiated this undertaking and made us aware of the …

Targeting The ‘Invisible’: Improving Entrepreneurship Opportunities For Informal Sector Women, Tonia Warnecke

Faculty Publications

In the wake of global economic downturn, policymakers in many developing countries are turning their gaze upon two things: private sector-led strategies for economic growth and women’s potential to contribute to this growth. As a consequence, female entrepreneurship has been an area of particular interest to policymakers, businesses, and non-governmental organizations, and many female-targeted policies and programs have been implemented, ranging from microfinance and subsidized loans to training and incubator programs. However, the focus on entrepreneurship as a development strategy conceptualizes entrepreneurship in a particular way—as opportunity entrepreneurship. Opportunity entrepreneurs can identify available opportunities and exploit them; they are often …