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Social and Behavioral Sciences Commons™

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Economics

Colby College

2002

Articles 1 - 7 of 7

Full-Text Articles in Social and Behavioral Sciences

Role Of Venture Capital Financing In Inflating The Technology Stock Market Bubble, Jessica Rosenbloom May 2002

Role Of Venture Capital Financing In Inflating The Technology Stock Market Bubble, Jessica Rosenbloom

Honors Theses

Comprising nearly one-third of the nation's gross domestic product from 1995 to 1999, the growth of the Information Technology industry took a backseat to dot.com mania. Its companies, however, were just as influential in creating the stock market bubble. Characterized by high technology, high research and development, high profits, and high risk, the Information Technology industry had always been attractive to venture capital investors. This study will find that a Telecommunications Deregulation Act passed in 1996, in conjunction with an eight percent capital gains tax cut in 1997, flooded venture capitalists with business plans pertaining to the Information Technology industry. …

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Asymmetric Wealth Effect : American Consumption And The Stock Market, Jonathan Greene May 2002

Asymmetric Wealth Effect : American Consumption And The Stock Market, Jonathan Greene

Honors Theses

Conventional estimates of the marginal propensity to consume (MPC) out of changes in net worth average about 4 cents on the dollar. If this is true, the $14 trillion rise in household net worth between 1995 and 2000 created an additional $567 billion in household consumption. This increase in net worth was driven almost entirely by the rising values of security prices in the contemporary bull market. This study presents evidence that this "wealth effect" is in fact asymmetrical and that this asymmetry reversed some time during the 1970's or 1980's. Prior to this reversal point positive changes in slock …

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Integrated Test For Exploitation And Discrimination In The National Basketball Association, Kathleen Carney May 2002

Integrated Test For Exploitation And Discrimination In The National Basketball Association, Kathleen Carney

Honors Theses

Over the past thirty years, economists have become increasingly interested in the labor market for professional sports. These studies have focused primarily on exploitation, the difference between marginal revenue product and salary, or discrimination, salary differentials based on race, or ethnic background. This paper attempts to combine both areas of research, that is, to explain the systematic deviation of marginal revenue product from salary as a function of race, or ethnic background. Using NBA data collected over three seasons 1995-98, we specify a three-equation model, an enhancement of the Scully two-step method presented in 1976. We then ask if players …

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Suits Or Pajamas: An Economic Analysis Of The Causes And Consequences Of Telecommuting, Jonathan Marlow May 2002

Suits Or Pajamas: An Economic Analysis Of The Causes And Consequences Of Telecommuting, Jonathan Marlow

Honors Theses

While the concept is not new, the popularity of telecommuting has increased with the expansion in telecommunications and technology througb the last twenty years. Telecommuting, or the ability to work away from one's regular office site, is now easier than ever to do with the advancements in reliable telephone systems, personal computers, and internet access that allow one to go to the office virtually rather than physically. This concept has gained the attention of policymakers and public planners because of its potential to address various issues, possibly leading to a better quality of life, increased productivity, and improved air quality. …

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Analysis Of The Colby Quarterly Econometric Model Of The U.S. Economy Using The Economic Effects Of September 11th, Alison Culpen May 2002

Analysis Of The Colby Quarterly Econometric Model Of The U.S. Economy Using The Economic Effects Of September 11th, Alison Culpen

Honors Theses

The economic repercussions of September 11th are unique in that never before have economists needed to forecast and examine the impact of an event of such magnitude. This paper explains many of the economic effects of September l Ith, from the initial aftermath to recent developments. These effects are used to analyze the Colby Quarterly Econometric Model of the U.S. economy by simulating the model with actions taken by the government, such as an increase in spending, as well as other economic consequences resulting from September 11th. These simulations are then examined in more detail through multipliers that ultimately reveal …

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Study Of Area Deprivation In Connecticut And Maine, Jonathan H. Ryder Jan 2002

Study Of Area Deprivation In Connecticut And Maine, Jonathan H. Ryder

Honors Theses

This paper accounts the development of an area deprivation index for two New England states, Connecticut and Maine. The index incorporates data from the 1990 U.S. Census. By applying methodology used in previous projects that created similar indices for area in Britain, an area deprivation index is created at the 5-digit zip code level for these two states in the year 1990. This project provides an example of how such a study can be applied to and completed in the United States. Foremost, it is an attempt to evaluate the relative merits of examining a comprehensive measure of area deprivation, …

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Above And Beyond The Rim: An Examination Of Customer Discrimination In The National Basketball Association, Carl E. Tugberk Jan 2002

Above And Beyond The Rim: An Examination Of Customer Discrimination In The National Basketball Association, Carl E. Tugberk

Honors Theses

I present a study of customer discrimination in the NBA by examining total annual attendance for all 29 teams for the five-season period from 1996 to 2001. Several previous studies have been conducted on this issue and seldom have found evidence of discrimination by measuring the racial composition of a team as the percentage of _white players on the roster. However, using this measure and several alternative measures of racial composition, I find that fans do discriminate against black players, and this discrimination occurs in a variety of ways. Specifically, spectators alter their decisions to attend games based on the …

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