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Social and Behavioral Sciences Commons™
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Full-Text Articles in Social and Behavioral Sciences
Fast Food, Addiction, And Market Power, Timothy J. Richards, Paul M. Patterson, Stephen F. Hamilton
Fast Food, Addiction, And Market Power, Timothy J. Richards, Paul M. Patterson, Stephen F. Hamilton
Economics
No abstract provided.
Do Tobacco-Control Programs Lower Tobacco Consumption? Evidence From California, Michael L. Marlow
Do Tobacco-Control Programs Lower Tobacco Consumption? Evidence From California, Michael L. Marlow
Economics
California is often considered the model for tobacco-control programs due to its early adoption of comprehensive programs aimed at lowering tobacco consumption. Tobacco control began when voters approved the California Tobacco Tax and Health Promotion Act of 1988. More than $2 billion has been spent on tobacco-control in California since 1988. The findings of this article indicate that tobacco-control spending is a significant factor for the widening gap between consumption in the United States and in California only in equations that exclude cigarette prices and smoking bans as control variables. When significant, however, estimates suggest that, for every $1 increase …
Sv Mixture Models With Application To S&P 500 Index Returns, Garland B. Durham
Sv Mixture Models With Application To S&P 500 Index Returns, Garland B. Durham
Finance
Understanding both the dynamics of volatility and the shape of the distribution of returns conditional on the volatility state is important for many financial applications. A simple single-factor stochastic volatility model appears to be sufficient to capture most of the dynamics. It is the shape of the conditional distribution that is the problem. This paper examines the idea of modeling this distribution as a discrete mixture of normals. The flexibility of this class of distributions provides a transparent look into the tails of the returns distribution. Model diagnostics suggest that the model, SV-mix, does a good job of capturing the …
Determinants Of State Tobacco-Control Expenditures, Michael L. Marlow
Determinants Of State Tobacco-Control Expenditures, Michael L. Marlow
Economics
While Centers for Disease Control and Prevention believe that most state governments under-fund tobacco-control programs, little is known about why large variation in spending exists between state governments. This study explores reasons for spending variation through an econometric model of per capita spending on tobacco-control programs that explores the effects of smoking prevalence while holding constant tobacco settlement funds, state budget deficits, and other factors that might also be expected to influence spending variation. Empirical evidence indicates no support for the hypothesis that states with high smoking prevalence spend more on tobacco-control than other states. This finding may be quite …
Empirical Tests Of Exchange Rate Theory, Eric O'N. Fisher
Empirical Tests Of Exchange Rate Theory, Eric O'N. Fisher
Economics
There have been very few direct applications of experimental techniques in macroeconomics for two main reasons. First, macroeconomics is about the interaction between markets, and it is not easy to design an elegant treatment that gets at the essence of how a national economy functions. Second, there is a vestigial prejudice that favors econometrics over putatively unorthodox empirical approaches. Still, the Nobel Prize-winning economist Edward Prescott is alleged to have said, “Don’t regress; progress!”
Aesthetics As A Foundation For Business Activity, John Dobson
Aesthetics As A Foundation For Business Activity, John Dobson
Finance
This paper identifies the ultimate justification for business activity as an aesthetic justification. Aesthetics, loosely defined as the appreciation of beauty, subsumes both ethics and economics within an holistic justificatory mechanism for business decisions.Five essential qualities of aesthetic judgment are identified: disinterest, subjectivity, inclusivity, contemplativity, and internality. The quality of aesthetic judgment, exercised by the individual through the organization, will determine the extent to which business activity enhances quality of life.
Applying Virtue Ethics To Business: The Agent-Based Approach, John Dobson
Applying Virtue Ethics To Business: The Agent-Based Approach, John Dobson
Finance
No abstract provided.