Social and Behavioral Sciences Commons^™

The Sherman Act And The Balance Of Power, David K. Millon

David K. Millon

None available.

New Game Plan Or Business As Usual? A Critique Of The Team Production Model Of Corporate Law, David K. Millon

David K. Millon

None available.

U.S. Monetary Policy: Qe3, Warren Coats

Warren Coats

The Federal Reserve’s latest round of quantitative easing (QE3) is not likely to help the U.S. economy’s recovery, which is already underway, but increases the risks of new asset bubbles and inflation.

The Economics Of Open Source, Christopher H. Hoebeke

Christopher H Hoebeke

No abstract provided.

A Matter Of Scale: Assessing The Great Recession Against The Great Depression, Steven L. Danver

Walden Faculty and Staff Publications

The Great Depression of the 1930s and the Great Recession of the late 2000s are compared using economic, social, and political measures to determine if the later economic downturn was as much of a bellwether event as its predecessor.

Disparities In Globalization Of The World Economies, Sudhanshu K. Mishra, Binod Kumar

Sudhanshu K Mishra

This paper constructs composite indices of globalization of 131 countries spread over the five continents and classified into World-I, World-II and World-III countries. KOF, the Business Cycle Research Institute in the Swiss Federal Institute of Technology, Zurich is the source of data used in this study. The Composite Indices of Globalization have been computed by Pena’s method, which attributes the most desirable properties to the indices so constructed. On the basis of these indices, the paper investigates into the trends of globalization and disparities in globalization for a period of 11 years (1999-2009). Disparities have been obtained as the Gini’s …

Veblen Effect, Search For Status Goods, And Negative Utility Of Conspicuous Leisure., Sergey V. Malakhov

Sergey Malakhov

When expected savings on purchases are greater than the wage rate, the optimal search results in the negative marginal utility of leisure. The search transforms the classical backward bending effect and the leisure becomes complementary to the search. Consumers compensate “bad” leisure by status goods of exceptional quality on markets with high price dispersion. Status consumption complements “bad” conspicuous leisure and produces the Veblen effect as well as the “gardening aboard the boat” effect.

Corporate Legitimacy, Economic Theory, And Legal Doctrine, Richard M. Buxbaum

Richard M. Buxbaum

No abstract provided.

Gop Tax Policy Should Ditch Keynes For Hayek, Nathan B. Oman

Popular Media

No abstract provided.

Prospects In The Academic Labor Market For Economists, Ronald G. Ehrenberg

Ronald G. Ehrenberg

[Excerpt] American colleges and universities are increasingly substituting nontenure track full-time and part-time faculty for full-time tenured and tenure track faculty. Moreover, institutions of public higher education, where almost two-thirds of the full-time faculty members at four-year institutions are employed, are under severe financial pressure. The share of state budgets devoted to public higher education is declining. The salaries of economics department faculty members at public higher education institutions have fallen substantially relative to the salaries of their counterparts at private higher education institutions, and it is becoming increasingly difficult for the publics to compete for top faculty in economics. …

My Life And Economics, Ronald G. Ehrenberg

Ronald G. Ehrenberg

[Excerpt] Age 51 is a bit early to be writing a retrospective about one's career as an economist and one's life. This is especially true for me since I am not on track to win a Nobel Prize, to be admitted to the National Academy of Science, or even to be elected a Fellow of the Econometric Society. Nonetheless, as I write this essay during the fall of 1997, I look back on the 28 years I have spent as a PhD economist and see a record of accomplishment of which I am proud and a number of messages worth …

Ethnic Diversity And Poverty: A Dynamic Panel Study Of Illinois Counties, Ambuj Neupane

Master's Theses - Economics

Ethnic diversity’s effects on factors of economic development have been studied widely in recent years. I expand upon this research by directly studying ethnic diversity’s effects on the poverty rates within the counties of Illinois, using a dynamic panel technique devised by Blundell and Bond (1998). My results are consistent with the noted effects in previous literature, and provide extra weight towards measures of fractionalization and polarization. I conclude with policy implications and limitations which require future research.

Policy Decisions And Research In Economics And Industrial Relations: An Exchange Of Views: Comment, Ronald G. Ehrenberg, Daniel S. Hamermesh, George E. Johnson

Ronald G. Ehrenberg

[Excerpt] John Dunlop has presented what are certainly some of the most provocative remarks to appear in a scholarly journal in the labor field in many years. We find much to agree with in his remarks; however, we also find many areas where we feel he condemns research because of his overly optimistic expectations about its ability to contribute to the policy process, and other areas where he appears to be unaware that research in labor economics has already contributed fairly directly to policy decisions.

Involving Undergraduates In Research To Encourage Them To Undertake Ph.D. Study In Economics, Ronald G. Ehrenberg

Ronald G. Ehrenberg

[Excerpt] Recent evidence suggests that the growing use of part-time and full-time non-tenure-track faculty nationwide adversely influences American college students’ graduation rates (Ehrenberg and Liang Zhang, 2005). I have become concerned that the increased usage of non-tenure track faculty members also likely adversely influences the propensity of undergraduate students to go on for Ph.D.s in economics for two reasons. First, many students enter college with the expressed intent of becoming doctors or lawyers, getting an MBA, or going on for advanced degrees in the sciences or humanities. However, with the exception perhaps of the small number of high-school students who …

Rethinking Microfinance, Lan Cao

Faculty Publications

No abstract provided.

The Relationship Between Openness And Economic Performance A Case Study Of The Five Leading Emerging Markets In Southeast Asia: Vietnam Philippines Thailand Indonesia Malaysia, Trang Pham

Honors Theses

For the last two decades, the Southeast Asian countries have emerged as the fastest growing economies in the world, together with making significant progress in economic liberalization. The thesis studies the impact of economic openness on growth and volatility in the five leading Southeast Asia countries: Thailand, Vietnam, Malaysia, Indonesia, and Philippines. The results obtained include: 1) economic openness is a driving force for the rapid growth of the five countries during 1990-2010, 2) during transition into an open economy, volatility cannot be eliminated; however, if a country has sound macroeconomic policies, a reasonable ratio of foreign direct investment to …

The Twisting Fed: How Changing Open Market Operation Compositions Affect Long-Term Interest Rates And Subsequently Influence Capital Expenditures, Michael Owen Miller

Honors Theses

The Federal Reserve has been highly active in the past decade in its attempts to lower long-term interest rates and spur economic growth. This thesis will investigate how the Federal Reserve’s actions have influenced long-term Treasury yields and whether the manipulation of the long-term interest rate helps stimulate economic growth through capital investment. To examine how the Fed’s actions affect long-term yields we study the maturity composition of the Fed’s Open Market Operations (OMOs). As the trend of proportional purchases shift farther out along the yield curve, we expect the long-term interest rate to decrease. The impact of shifting long-term …

Human Capital Formation And Economic Development In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Mahboob Ul Hassan, Muhammad Shahid

Muhammad Irfan Chani

This study investigates the casual relationship between economic development and formation of human capital in Pakistan. Based on endogenous growth theory, this study empirically tests the standard growth model consisting of gross domestic product (GDP) per capita as a dependent variable and human capital formation, investment in physical capital and labor force as independent variables. Autoregressive distributive lag (ARDL) bound testing approach to cointegration is used to check the long-run equilibrium relationship between the variables included in the model. For checking the causal relationship between economic development and human capital formation, pair-wise Granger causality test is used for time series …

All The Incentives Are Here, David Thomas

David Chandler Thomas, PhD

A book review of the Bethany McLean and Joe Nocera 2010 book, All the Devils Are Here.

A High Stakes Gamble In North Las Vegas, Robert E. Lang

Lincy Institute Reports and Briefs

The City of North Las Vegas, operating in the shadow of the Las Vegas Strip, one of the world’s most iconic urban settings, faces a series of financial and political challenges that threaten its ability to perform basic municipal services. This paper explores how North Las Vegas reached the edge of insolvency, the implications for North Las Vegas and the surrounding municipalities of Las Vegas, Henderson, and unincorporated Clark County, and the path forward in the face of unprecedented economic and political turmoil.

Managerial Turnover In The English Premier League And The Subsequent Results, Jarrod Connally

Mahurin Honors College Capstone Experience/Thesis Projects

Efficient productivity often relies upon the matching of managerial skills and the resources available for production. Often, poor production outcomes can be attributed to those not directly involved in the production: the managers. Similarly, poor results in professional sports are often attributed to the men and women who never play a minute of a game: the managers/coaches. Managers are routinely blamed for performance and are often the first change an owner or a club will make to improve results. This paper will attempt to determine the performance effects of changing a club’s manager in soccer’s English Premier League (EPL). Further, …

The Effects Of Infrastructure Development And Taxation On Current And Future Earnings, Mukta Mukherjee

Economics - Dissertations

This dissertation is a collection of three essays, each of which studies a policy in India that provides a unique circumstance affecting directly or indirectly earnings. The purpose of this work is to analyze how taxation and infrastructure development aspects the current and future earnings using these policies

In the first essay, I use a national infrastructure development program initiated in India in 2001 to construct new all-season roads (roads that can be used in all-weather especially monsoons) in villages that previously had only had dry-season roads (roads that are difficult to use in monsoons). In the second, I use …

Determining An Optimum Cropping Pattern For Egypt, Loujaina M. El Sayed

Theses and Dissertations

Agriculture is considered to be the major economic activity in Egypt despite the government policies that favored other sectors since the second half of the 20^th century. However, Egypt currently faces a food security challenge that stems from the increasing demand for food in light of huge population growth and the inability of the agricultural sector to fulfill the abovementioned increasing demand.

This research focuses on the vertical expansion of the agricultural sector through attempting to determine the optimum cropping mix for Egypt in the year 2017. A fuzzy goal programming (FGP) approach for optimal land allocation is utilized. …

Evidence Of The Shaming Effect: A Look At Ncaa Football, Holmes Hill

All Theses

This paper addresses the general theory of shaming and the effects it has on criminal behavior. There has been much debate of the use of shaming in the criminal justice system and the effects it has on criminal behavior. The lack of quantitative data has limited such debates to theory without evidence. This paper applies the theory to NCAA football statistics to study the behavior of football players on the field, to explain the way people and how people respond to shaming. The analysis is based on seasonal team statistics of all division I football teams in correlation with a …

Review Of Robert Frank's Darwin Economy, Ted C. Bergstrom

Ted C Bergstrom

This is a short book review of Frank's ``Darwin Economy''.

Some Socio Economic Determinants Of Fertility In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Muhammad Shahid, Mahboob Ul Hassan

Muhammad Irfan Chani

This study aims to investigate the role that various socioeconomic factors like female education, urbanization and female labour force participation play in determining fertility of women in Pakistan. ARDL bound test approach to cointegration is used to analyze the long-run relationship of the variables by using the data for the period from 1980 to 2009. The empirical results show that there exists a long-run as well as short-run relationship between fertility and urbanization, female labour force participation and female education in Pakistan. The analysis indicates there is a negative relationship between all 3 determinants with fertility. Female education and urbanization …

A Comparative Study Of Trends In Globalization Using Different Synthetic Indicators, Sudhanshu K. Mishra

Sudhanshu K Mishra

Using the KOF data at the annual level, we construct ten different composite indices for comparing the extent of globalization of 131 countries for eleven years, 1999-2009. We compare the different indices of globalization among themselves and also with the Dreher-KOF index of globalization and find that among the different indices the Dreher-Chebyshev index is the most representative one. Among the countries, we concentrate on the trends in globalization of India and her neighboring countries, Bangladesh, China, and Pakistan.

Must Economics Always Determine Academic Destiny? Achievement Across Time In Two Academically Equivalent But Socioeconomically Diverse Same City Catholic Schools, Roseanne L. Williby, John W. Hill

John W. Hill

The study analyzed the pretest-posttest results of high stakes test scores, absence frequencies, and high school eligibility cut scores of students who completed fourth-grade through eighth-grades in two academically equivalent but socioeconomically diverse same city Catholic schools. Study outcomes were compared for a naturally formed group of students (n = 28) who had completed fourth-grade through eighth-grades in an urban Catholic school representing fewer family socioeconomic advantages and 40% eligibility for free and reduced price lunch program participation and tuition assistance and a randomly selected group of students (n = 28) completing fourth-grade through eighth-grades in a suburban Catholic school …

A Paradox Of Little Pre-Purchase Search For Durables: The Trade-Off Between Prices, Product Lifecycle, And Savings On Purchases, Sergey V. Malakhov

Sergey Malakhov

The paper describes the microeconomic trade-off between prices, savings on purchases, and the time horizon of the consumption-leisure choice during the search for different products. When marginal costs of the search are equal to its marginal benefit, the time of search is proportional to products’ lifecycles and it is inversely proportional to willingness to pay.

A Comparison Of Anti-Manipulation Rules In U.S. And Eu Electricity And Natural Gas Markets: A Proposal For A Common Standard, Shaun D. Ledgerwood, Dan Harris

Shaun D. Ledgerwood

In this paper, we describe the development and current status of anti-manipulation rules as they apply to wholesale electricity and natural gas markets in the United States and the European Union, including the institutions that are responsible for overseeing these rules. We then compare and contrast these jurisdictions to discuss similarities, differences, and potential gaps in coverage within and across their internal markets. We note that while the behavior prohibited by the U.S. and EU statutes is remarkably similar, there is in fact no common standard for defining market manipulation. The absence of a common EU/U.S. framework for examining manipulative …