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Full-Text Articles in Social and Behavioral Sciences

Decision-Making In Simultaneous Games: Reviewing The Past For The Future, Mohsen Ahmadian, Ehsan Elahi, Roger Blake Dec 2017

Decision-Making In Simultaneous Games: Reviewing The Past For The Future, Mohsen Ahmadian, Ehsan Elahi, Roger Blake

Mohsen Ahmadian

This research reviews the prior behavioral economics studies in simultaneous games and behavioral operations management literature to propose some new research avenues in the field of behavioral operations management with a focus on simultaneous competitions. Findings of this study show that although many behavioral studies have been done, behavioral research on simultaneous competitions in operations management is rare. Review of the literature indicates that some contemporary trends are emerging in behavioral studies, so there are many opportunities for future research in this area. Moreover, this research highlights the importance of decision science as an interdisciplinary field of study, which in …


Bringing Emotions Into Social Exchange Theory, Edward J. Lawler, Shane R. Thye Dec 2017

Bringing Emotions Into Social Exchange Theory, Edward J. Lawler, Shane R. Thye

Edward J Lawler

We analyze and review how research on emotion and emotional phenomena can elaborate and improve contemporary social exchange theory. After identifying six approaches from the psychology and sociology of emotion, we illustrate how these ideas bear on the context, process, and outcome of exchange in networks and groups. The paper reviews the current state of the field, develops testable hypotheses for empirical study, and provides specific suggestions for developing links between theories of emotion and theories of exchange.


The Theory Of Relational Cohesion: Review Of A Research Program, Shane R. Thye, Jeongkoo Yoon, Edward J. Lawler Dec 2017

The Theory Of Relational Cohesion: Review Of A Research Program, Shane R. Thye, Jeongkoo Yoon, Edward J. Lawler

Edward J Lawler

In this paper we analyze and review the theory of relational cohesion and attendant program of research. Since the early 1990s, the theory has evolved to answer a number of basic questions regarding cohesion and commitment in social exchange relations. Drawing from the sociology of emotion and modem theories of social identity, the theory asserts that joint activity in the form of frequent exchange unleashes positive emotions and perceptions of relational cohesion. In turn, relational cohesion is predicted to be the primary cause of commitment behavior in a range of situations. Here we outline the theory of relational cohesion, tracing …


Variational Bayes Estimation Of Discrete-Margined Copula Models With Application To Ime Series, Ruben Loaiza-Maya, Michael S. Smith Nov 2017

Variational Bayes Estimation Of Discrete-Margined Copula Models With Application To Ime Series, Ruben Loaiza-Maya, Michael S. Smith

Michael Stanley Smith

We propose a new variational Bayes estimator for high-dimensional copulas with discrete, or a combination of discrete and continuous, margins. The method is based on a variational approximation to a tractable augmented posterior, and is faster than previous likelihood-based approaches. We use it to estimate drawable vine copulas for univariate and multivariate Markov ordinal and mixed time series. These have dimension $rT$, where $T$ is the number of observations and $r$ is the number of series, and are difficult to estimate using previous methods. 
The vine pair-copulas are carefully selected to allow for heteroskedasticity, which is a feature of most ordinal …


The Mexico -Us Border Region And The New Challenges Of Nafta, Maria Del Rosio Barajas-Escamilla Phd, Maritza Sotomayor Nov 2017

The Mexico -Us Border Region And The New Challenges Of Nafta, Maria Del Rosio Barajas-Escamilla Phd, Maritza Sotomayor

Maritza Sotomayor

No abstract provided.


The Power Of A Promise: Education And Economic Renewal In Kalamazoo, Michelle Miller-Adams Nov 2017

The Power Of A Promise: Education And Economic Renewal In Kalamazoo, Michelle Miller-Adams

Michelle Miller-Adams

In the first comprehensive account of the Kalamazoo Promise, Michelle Miller-Adams addresses both the potential and challenges inherent in place-based universal scholarship programs and explains why this unprecedented experiment in education-based economic renewal is being emulated by scores of cities and towns around the nation.


The 2008 Economic Stimulus Payments Increased Emotional Well-Being, Marta Lachowska Nov 2017

The 2008 Economic Stimulus Payments Increased Emotional Well-Being, Marta Lachowska

Marta Lachowska

No abstract provided.


Investing In America's Workforce 2017, Brad J. Hershbein Nov 2017

Investing In America's Workforce 2017, Brad J. Hershbein

Brad J. Hershbein

From the Day 3 Plenary Lunch of the Fed's Capstone Conference in Austin, TX -- Expanding the Capacity to Invest: Policy, Transparency and Accountability. Investments for workforce development require a foundation of institutional supports that will ensure accountability. This panel, representing diverse perspectives from the public, private and nonprofit sectors, explored the institutions, policies and norms needed to establish, reinforce and facilitate new and increased investments.


New Hires Quality Index, Brad J. Hershbein Nov 2017

New Hires Quality Index, Brad J. Hershbein

Brad J. Hershbein

No abstract provided.


Do Recessions Accelerate Routine-Biased Technological Change? Evidence From Vacancy Postings, Brad Hershbein, Lisa B. Kahn Nov 2017

Do Recessions Accelerate Routine-Biased Technological Change? Evidence From Vacancy Postings, Brad Hershbein, Lisa B. Kahn

Brad J. Hershbein

No abstract provided.


An Examination Of Consumer Willingness To Pay For Local Products, Aaron Adalja, James Hanson, Charles Towe, Elina Tselepidakis Nov 2017

An Examination Of Consumer Willingness To Pay For Local Products, Aaron Adalja, James Hanson, Charles Towe, Elina Tselepidakis

Aaron Adalja

We use data from hypothetical and nonhypothetical choice-based conjoint analysis to estimate willingness to pay for local food products. The survey was administered to three groups: consumers from a buying club with experience with local and grass-fed production markets, a random sample of Maryland residents, and shoppers at a nonspecialty Maryland supermarket. We find that random-sample and supermarket shoppers are willing to pay a premium for local products but view local and grass-fed production as substitutes. Conversely, buying-club members are less willing to pay for local production than the other groups but do not confllate local and grass-fed production.


The Impact Of Separating Fed From Nonfed Beef In An Econometric Simulation , Dyaa Kamal Adbou Ahmed Kamal-Abdou Nov 2017

The Impact Of Separating Fed From Nonfed Beef In An Econometric Simulation , Dyaa Kamal Adbou Ahmed Kamal-Abdou

Ahmed Kamal

No abstract provided.


Activating Actavis, Aaron Edlin, C. Scott Hemphill, Herbert J. Hovenkamp, Carl Shapiro Oct 2017

Activating Actavis, Aaron Edlin, C. Scott Hemphill, Herbert J. Hovenkamp, Carl Shapiro

Aaron Edlin

In Federal Trade Commission v. Actavis, Inc., the Supreme Court provided fundamental guidance about how courts should handle antitrust challenges to reverse payment patent settlements. The Court came down strongly in favor of an antitrust solution to the problem, concluding that “an antitrust action is likely to prove more feasible administratively than the Eleventh Circuit believed.” At the same time, Justice Breyer’s majority opinion acknowledged that the Court did not answer every relevant question. The opinion closed by “leav[ing] to the lower courts the structuring of the present rule-of-reason antitrust litigation.”This article is an effort to help courts and counsel …


Actavis And Error Costs: A Reply To Critics, Aaron S. Edlin, C. Scott Hemphill, Herbert J. Hovenkamp, Carl Shapiro Oct 2017

Actavis And Error Costs: A Reply To Critics, Aaron S. Edlin, C. Scott Hemphill, Herbert J. Hovenkamp, Carl Shapiro

Aaron Edlin

The Supreme Court’s opinion in Federal Trade Commission v. Actavis, Inc. provided fundamental guidance about how courts should handle antitrust challenges to reverse payment patent settlements. In our previous article, Activating Actavis, we identified and operationalized the essential features of the Court’s analysis. Our analysis has been challenged by four economists, who argue that our approach might condemn procompetitive settlements.As we explain in this reply, such settlements are feasible, however, only under special circumstances. Moreover, even where feasible, the parties would not actually choose such a settlement in equilibrium. These considerations, and others discussed in the reply, serve to confirm …


Urban Rail Transit Ppps: Lessons From East Asian Cities, S Y Phang Oct 2017

Urban Rail Transit Ppps: Lessons From East Asian Cities, S Y Phang

PHANG Sock Yong

Private sector participation in urban rail transit has proliferated in the past two decades. The large metropolises of East Asia have had decades of experience with private sector participation in the provision of heavy metro services. The design of these public-private partnerships (PPP) are varied. The diverse experiences of Tokyo, Hong Kong, Singapore and Beijing contain valuable lessons for other cities. Using a case study approach, this paper discusses three features of urban rail transit developments in the context of East Asian cities, viz., farebox recovery, land value capture mechanisms, and vertical structure of the industry. Super vertical integration …


Trading Sustainably: Critical Considerations For Local Groundwater Markets Under The Sustainable Groundwater Management Act, Nell Green Nylen, Michael Kiparsky, Kelly Archer, Kurt Schneir, Holly Doremus Oct 2017

Trading Sustainably: Critical Considerations For Local Groundwater Markets Under The Sustainable Groundwater Management Act, Nell Green Nylen, Michael Kiparsky, Kelly Archer, Kurt Schneir, Holly Doremus

Holly Doremus

The Sustainable Groundwater Management Act (SGMA), passed in 2014, is changing the way California manages its groundwater resources. SGMA calls for the creation of local Groundwater Sustainability Agencies (GSAs) and tasks them with developing and implementing Groundwater Sustainability Plans (GSPs) to achieve sustainable groundwater management. SGMA offers GSAs a broad palette of tools to choose from and significant flexibility to tailor their management activities to local conditions and needs. Because it allows GSAs to assign groundwater extraction allocations to pumpers and to authorize transfers of these allocations under certain circumstances, SGMA potentially opens the door for the development of local …


How Corporate Governance Is Made: The Case Of The Golden Leash, Matthew D. Cain, Jill E. Fisch, Sean J. Griffith, Steven Davidoff Solomon Oct 2017

How Corporate Governance Is Made: The Case Of The Golden Leash, Matthew D. Cain, Jill E. Fisch, Sean J. Griffith, Steven Davidoff Solomon

Steven Davidoff Solomon

This Article presents a case study of a corporate governance innovation—the incentive compensation arrangement for activist-nominated director candidates colloquially known as the “golden leash.” Golden leash compensation arrangements are a potentially valuable tool for activist shareholders in election contests. In response to their use, several issuers adopted bylaw provisions banning incentive compensation arrangements. Investors, in turn, viewed director adoption of golden leash bylaws as problematic and successfully pressured issuers to repeal them. The study demonstrates how corporate governance provisions are developed and deployed, the sequential response of issuers and investors, and the central role played by governance intermediaries—activist investors, institutional …


Early Childhood Education And Local Economic Development, Timothy J. Bartik Oct 2017

Early Childhood Education And Local Economic Development, Timothy J. Bartik

Timothy J. Bartik

No abstract provided.


Marketing An End To War: Constructive Engagement, Community Wellbeing, And Sustainable Peace, Clifford J. Shultz Sep 2017

Marketing An End To War: Constructive Engagement, Community Wellbeing, And Sustainable Peace, Clifford J. Shultz

Clifford J Shultz

Markets and marketing are integral to human welfare and survival. When used however for the purposes of war and other systemically violent conflict, they can be devastating and pose an existential threat to humanity. Drawing on experience in war-ravaged and recovering economies, the author examines a stream of research on marketing systems disrupted or destroyed by war. Some underlying conditions and predictors of war and its peaceful resolution are introduced, including social traps and their mitigation or elimination. An argument is revisited for marketing as a form of constructive engagement, which must be implemented to affect and to develop equitable …


Datos Para Replicar Los Cálculos Del Artículo "La Consar: Balanceando Los Intereses De Los Ahorradores Y Las Afores", Rodrigo Garcia-Verdu Sep 2017

Datos Para Replicar Los Cálculos Del Artículo "La Consar: Balanceando Los Intereses De Los Ahorradores Y Las Afores", Rodrigo Garcia-Verdu

Rodrigo Garcia-Verdu

Datos para replicar los cálculos del artículo "La CONSAR: balanceando los intereses de los ahorradores y las AFORES", con datos originales del Banco de México y de la Comisión Nacional del Seguro de Ahorro para el Retiro (CONSAR) de México. 


Evaluating Public Employment Programs With Field Experiments: A Survey Of American Evidence, Christopher J. O'Leary Sep 2017

Evaluating Public Employment Programs With Field Experiments: A Survey Of American Evidence, Christopher J. O'Leary

Christopher J. O'Leary

Research in the 1970s based on observational data provided evidence consistent with predictions from economic theory that paying unemployment insurance (UI) benefits to involuntarily jobless workers prolongs unemployment. However, some scholars also reported estimates that the additional time spent in subsidized job search was productive. That is, UI receipt tended to raise reemployment wages after work search among the unemployed. A series of field experiments in the 1980s investigated positive incentives to overcome the work disincentive effects of UI. These were followed by experiments in the 1990s that evaluated the effects of restrictions on UI eligibility through stronger work search …


Demonstration And Evaluation Of The Short-Time Compensation Program In Iowa And Oregon: Final Report, Susan Houseman, Christopher J. O'Leary, Katharine G. Abraham, Frank Bennici, Susan Labin, Richard Sigman Sep 2017

Demonstration And Evaluation Of The Short-Time Compensation Program In Iowa And Oregon: Final Report, Susan Houseman, Christopher J. O'Leary, Katharine G. Abraham, Frank Bennici, Susan Labin, Richard Sigman

Christopher J. O'Leary

Short-time compensation (STC) is an optional program within some state unemployment insurance (UI) systems that allows employers experiencing a temporary reduction in business to lower the average hours of employees in lieu of laying them off. Employer use of the STC option has been low in states with STC programs. We conducted demonstrations in Iowa and Oregon to evaluate the effectiveness of several interventions designed to increase employer awareness and use of STC, including disseminating information about STC to specific employers (members of the “treatment” group) over a 12-month period. The main findings support the hypothesis that lack of awareness …


The Exchange Order: Property And Liability As An Economic System, Richard Adelstein Aug 2017

The Exchange Order: Property And Liability As An Economic System, Richard Adelstein

Richard Adelstein

The Introduction ("Governing Exchange") to The Exchange Order: Property and Liability as an Economic System, New York, Oxford University Press, 2017.


"Information, Risk Sharing And Incentives In Agency Problems", Jia Xie Aug 2017

"Information, Risk Sharing And Incentives In Agency Problems", Jia Xie

Jia Xie

This paper studies the use of information for incentives and risk sharing in agency problems. When the principal is risk neutral or the outcome is contractible, risk sharing is unnecessary or dealt with by a contract on the outcome. In this case, information systems are ranked only according to their informativeness about the agent's action. When the outcome is noncontractible, however, the principal has to rely on imperfect information not only for incentives, but also for risk sharing. Under the first-order approach, this paper characterizes a problem-independent ranking of information systems, relaxing Gjesdal's (1982) criterion. We also find sufficient conditions …


Response Functions, Carlos Oyarzun, Adam Sanjurjo, Hien Nguyen Aug 2017

Response Functions, Carlos Oyarzun, Adam Sanjurjo, Hien Nguyen

Carlos Oyarzun

We introduce a simple two-period adaptive-learning model to analyze how “primitive” choice behavior affects payoffs in minimal information settings, and then we conduct an experiment to observe how this behavior (thus payoffs) varies across people. Individuals choose between two uncertain payoff distributions, only knowing the support. In the first round they choose one alternative and receive a payoff. In the second round they probabilistically decide whether to choose the same alternative, or to switch. When analyzing the response function, i.e., a mapping from obtained payoffs to the probability of choosing the same alternative in the second round, we find that …


Demonstration And Evaluation Of The Short-Time Compensation Program In Iowa And Oregon: Final Report, Susan Houseman, Christopher J. O'Leary, Katharine G. Abraham, Frank Bennici, Susan Labin, Richard Sigman Aug 2017

Demonstration And Evaluation Of The Short-Time Compensation Program In Iowa And Oregon: Final Report, Susan Houseman, Christopher J. O'Leary, Katharine G. Abraham, Frank Bennici, Susan Labin, Richard Sigman

All Star

Short-time compensation (STC) is an optional program within some state unemployment insurance (UI) systems that allows employers experiencing a temporary reduction in business to lower the average hours of employees in lieu of laying them off. Employer use of the STC option has been low in states with STC programs. We conducted demonstrations in Iowa and Oregon to evaluate the effectiveness of several interventions designed to increase employer awareness and use of STC, including disseminating information about STC to specific employers (members of the “treatment” group) over a 12-month period. The main findings support the hypothesis that lack of awareness …


A Frontline Decision Support System For Georgia Career Centers, Randall W. Eberts, Christopher J. O'Leary Aug 2017

A Frontline Decision Support System For Georgia Career Centers, Randall W. Eberts, Christopher J. O'Leary

All Star

The Workforce Investment Act (WIA) of 1998 emphasizes the integration and coordination of employment services. Central to achieving this aim is the federal requirement that local areas receiving WIA funding must establish one-stop centers, where providers of various employment services within a local labor market are assembled in one location. A major challenge facing staff in these centers is the expected large volume of customers resulting from relaxed program eligibility rules. Nonetheless, resources for assessment and counseling are limited. To help frontline staff in one-stop centers quickly assess customer needs and properly target services, the U.S. Department of Labor has …


Tackling Undeclared Work In Croatia: Knowledge-Informed Policy Responses, Colin C. Williams, Peter Rodgers, Ruslan Stefanov Aug 2017

Tackling Undeclared Work In Croatia: Knowledge-Informed Policy Responses, Colin C. Williams, Peter Rodgers, Ruslan Stefanov

Colin C Williams

KEY POINTS
Ø  Undeclared work has deep roots in Croatia. One in eleven declare to have done some fully undeclared work. Six out of ten though believe at least 20% of their compatriots violate tax and labour laws.
Ø  The perception of the widespread nature of undeclared work and the lack of trust in formal institutions seem to be the main incentives for people to engage in undeclared work. These have been exacerbated by high unemployment and low retirement income.
Ø  Hence, the conventional rational actor approach to tackling undeclared work that focuses upon increasing penalties …


The Current State Of Workers' Compensation: Benefit Adequacy, Return To Work, And Prevention, Marcus Dillender, H. Allan Hunt Aug 2017

The Current State Of Workers' Compensation: Benefit Adequacy, Return To Work, And Prevention, Marcus Dillender, H. Allan Hunt

H. Allan Hunt

No abstract provided.


Recurrent Clostridium Difficile Infection Among Medicare Patients In Nursing Homes: A Population-Based Cohort Study, Marya D. Zilberberg, Andrew F. Shorr, William M. Jesdale, Jennifer Tjia, Kate L. Lapane Jul 2017

Recurrent Clostridium Difficile Infection Among Medicare Patients In Nursing Homes: A Population-Based Cohort Study, Marya D. Zilberberg, Andrew F. Shorr, William M. Jesdale, Jennifer Tjia, Kate L. Lapane

Jennifer Tjia

We explored the epidemiology and outcomes of Clostridium difficile infection (CDI) recurrence among Medicare patients in a nursing home (NH) whose CDI originated in acute care hospitals. We conducted a retrospective, population-based matched cohort combining Medicare claims with Minimum Data Set 3.0, including all hospitalized patients age > /=65 years transferred to an NH after hospitalization with CDI 1/2011-11/2012. Incident CDI was defined as ICD-9-CM code 008.45 with no others in prior 60 days. CDI recurrence was defined as (within 60 days of last day of CDI treatment): oral metronidazole, oral vancomycin, or fidaxomicin for > /=3 days in part D file; …