Social and Behavioral Sciences Commons^™

Potential Weather Data Anomolies Within The Usda's Pasture Rangeland And Forage Insurance Program, Chad Steven Van Orden

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

The purpose of this study is to delve into the functionality of the PRF insurance program. The primary goal is to uncover any underlying anomalies which may inadvertently skew data within the program. Because the USDA uses NOAA’s weather stations regardless of location or timing of activation, it is consequential that the collected precipitation data may be inconsistent across both time and space. This phenomenon could have substantial and significant effects on the RMA’s PRF insurance program, resulting in producers being compensated inaccurately for their insurance claims.

The Effects Of Fluctuations In Federal Revenue Sharing Payments Made To Rural Counties On School District Budgets, Camille Harmer

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Federal revenue sharing programs aim to make up lost tax revenue to counties that contain federal land, as counties do not receive any property tax revenue from publicly owned lands. This may have a significant impact on rural school districts with a limited tax base, as most funding for public education comes from property tax revenue. My analysis seeks to determine the full impact of certain federal revenue sharing payments (paid out by the U.S. Forest Service) on school districts in counties that contain U.S. Forest Service land. My analysis shows that the payments have little impact on school district …

Using A Discrete Choice Experiment To Estimate Willingness To Pay For Location Based Housing Attributes, Kristopher C. Toll

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

In 1993, a travel study was conducted along the Wasatch front in Utah (Research Systems Group INC, 2013). The main purpose of this study was to assess travel behavior to understand the needs for future growth in Utah. Since then, the Research Service Group (RSG), conducted a new study in 2012 to understand current travel preferences in Utah. This survey, called the Residential Choice Stated Preference survey, asked respondents to make ten choice comparisons between two hypothetical homes. Each home in the choice comparison was described by different attributes, those attributes that were used are, type of neighborhood, distance from …

The Spillover Effect Of Marketing Discolored Beef On Consumer Preferences For Nondiscolored Beef, Ryan Feuz, F. Bailey Norwood, Ranjith Ramanathan

Applied Economics Faculty Publications

Consumers prefer bright, cherry-red retail beef. Retailers often mark down the price of discolored beef for quick sale. However, following this practice could result in a net loss of revenue if consumer willingness to pay (WTP) for nondiscolored beef is negatively affected by the presence of discolored beef in the consumer choice set. Through a hypothetical online survey and a controlled in-person experiment, we determine that marketing discolored beef together with nondiscolored beef increases most consumers’ evaluation of, but not their WTP for, nondiscolored beef.

Organic Wheat Prices And Premium Uncertainty: Can Cross Hedging And Forecasting Play A Role?, Tatiana Drugova, Veronica F. Pozo, Kynda R. Curtis, T. Randall Fortenbery

Applied Economics Faculty Publications

We compare the volatility of organic wheat prices to that of conventional wheat prices using historical measures. To reduce uncertainty, we examine the possibility of cross hedging using conventional wheat futures and the ability of futures to forecast the organic premium. Results provide evidence that conventional futures can be used to cross hedge organic wheat price risk, but results depend on the method used to impute the missing values. We also find a long-run equilibrium relationship between organic wheat prices and conventional wheat futures prices. Finally, futures prices contain some information useful in predicting organic prices in the short run.

Comparing Uk Tax Returns Of Foreign Multinationals To Matched Domestic Firms, Katarzyna Anna Bilicka

Economics and Finance Faculty Publications

In this paper, I use confidential UK corporate tax returns data to explore whether there are systematic differences in the amount of taxable profits that multinational and domestic companies report. I find that the ratio of taxable profits to total assets reported by foreign multinational subsidiaries is one-half that of comparable domestic standalones. The majority of the difference is attributable to the fact that a higher proportion of foreign multinational subsidiaries report zero taxable profits. I document how the estimated difference is related to profit shifting and show that using accounting data leads to much smaller estimates of the difference.

Medicaid Expansion And Diagnosis-Targeted Cost Shifting Behavior: The Case Of Diabetic Treatment And Insulin Pricing, Hayden Garff Hubbard

Undergraduate Honors Capstone Projects

Nine years after passage of the Affordable Care Act (ACA), and five years after the Medicaid expansion roll-out, the debate and cost-benefit analysis on U.S. health reform rages on. While many impacts of the ACA remain unmeasured or inconclusive due to mixed research claims and the complexities inherent to healthcare, widespread research interest on the effects of Medicaid expansion have led to some early findings regarding cost, access and quality.

Industry Compliance Costs Under The Renewable Fuel Standard: Evidence From Compliance Credits, Arthur R. Wardle

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

The Renewable Fuel Standard requires US oil refineries to blend biofuels into domestic transportation fuels. To ensure that compliance costs under this mandate don’t disproportionately affect any subset of refiners, the regulation includes a compliance credit program, whereby refiners blending excess biofuels can sell their excess compliance to refiners that do not blend enough. The price of these credits can be interpreted as the marginal cost of compliance with the mandate. I measure how changes in the prices of these compliance credits affect the stock prices of oil refining firms. There are a number of ways one might expect these …

The Political Business Cycle: Endogenous Election Timing & Hyperbolic Memory Discounting, Jake R. Cottle

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

In the models analyzed in this paper, there exists an incumbent politician with one objective, two choices, and voters who remember the past differently. The politician's primary goal is to get reelected, which is done by maximizing the number of votes on the day of election. The politician can increase their chances of reelection if they influence the state of the economy over time and ensure the economy is in its 'best' state on the days leading up to the election.

In conducting this research, I wanted to study how different rates of memory decay influences the choices the politician …

The Introduction Of Bitcoin Futures: An Examination Of Volatility And Potential Spillover Effects, Benjamin M. Blau, Ryan J. Whitby

Economics and Finance Faculty Publications

Theory in Stein (1987) suggests that introducing derivative contracts, such as futures, can destabilize underlying asset prices if the contracts attract enough speculative traders. This paper examines how the introduction of Bitcoin futures influences the underlying Bitcoin market. Consistent with Stein (1987), we find that that Bitcoin's volatility increases significantly during the post-introduction period. Perhaps more importantly, however, we observe significant spillover effects into related markets. For instance, in other cryptocurrencies, the increase in volatility in these markets is greater than the post-introduction increase in Bitcoin.

The Impact Of Immigration On Financial Markets, Jesse Baker

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

This paper studies the impact of immigration policy on financial markets. I estimate the cumulative abnormal returns surrounding two events the effective start date of the Immigration Act of 1990 and the implementation of the Temporary Protected Status (TPS) of Nicaragua and Honduras in 1999. Focusing on agriculture, construction, and manufacturing firms, I find that the CARs surrounding the events are indeed positive and significant, suggesting that the market anticipated growth among industries that are likely to hire Central American immigrants.

Firm Leverage And Performance, Zongbin Li

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

This paper examines the relationship between deviations from firm leverage and firm performance over time. Our results indicate that overlevered and underlevered firms both adversely affect corporate profitability. We use the 1987 tax cut as an event study, to reduce endogeneity concerns.

The Effects Of Demographic Changes On State Fiscal Balances In The U.S., Patrick Nartey

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

The share of the population that is 65 or older keeps on rising over the years in the U.S. According to the 2017 US population projection, the rate of growth of older population is much faster than other age groups. The growing aging population will affect the economy in many ways, especially in fiscal balance of regional governments. The main goal of the study is to examine the fiscal implication of increasing old-age population in U.S states. The old-age dependency ratio is used to measure aging population, which derived by diving the population 65 years and over by the 18 …

Minimum Quotation Size And Market Quality: Evidence From The Modern Otc Markets, Kemerey Thompson

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

I examine the effects of a change in the minimum quotation size on liquidity and volatility in the modern over-the-counter (OTC) markets. On November 12, 2012, the Financial Industry Regulatory Agency (FINRA) introduced a pilot program to adjust the minimum quote sizes for securities transactions in the OTC markets. I find that an increase in the minimum quote size decreases OTC market quality as spreads widen and volatility increases. In contrast, I find that a decrease in the minimum quote size improves OTC market quality, but the results are sensitive to the price of the security. These results offer important …

Economic Base In Emerging Economies: Estimating Regional Multipliers In Ecuador, Justin Perry

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

When a subnational input-output matrix is unavailable, a non-governmental organization (NGO) may turn to a shortcut method in order to project its indirect economic impact in a region. The location quotient is the most common choice in developed nations, but has serious theoretical flaws in a developing-nation context. We explore the minimum requirements method as a cost-effective yet robust method to project the impact of an NGO in the Imbabura province of Ecuador. We find that every $1 of exogenous local spending stimulates between $1.32 and $1.62 of indirect economic impact in the region.

How Can Occupational Licensing Reforms Improve Access To Dental Care?, Jacob M. Caldwell, Brian Isom

Undergraduate Honors Capstone Projects

Occupational licensing laws have a large effect on the American economy and requirements affect all levels of professional work, from hairdressers and plumbers to doctors and lawyers.Those laws vary by state and exist to protect consumers from asymmetric information problems. Yet a growing body of literature finds that occupational licensing raises costs for consumers without necessarily raising the quality of service.

The dental field is one such sector of employment that commonly is licensed. Oral health is an important indicator of overall individual health and general wellbeing. Unfortunately, consumers lack access to dental care in many parts of the United …

The Sue-And-Settle Phenomenon: Its Impact On The Law, Agency, And Society, Katie L. Colton

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Sue-and-settle is the name applied to a federal agency’s use of litigation to create policy outside of the normal regulatory process. This paper discusses the impact that the sue-and-settle policy has had on Congress, the judiciary, and the Environmental Protection Agency. Specifically, this paper will discuss the issues caused by the perception of collusion within the sue-and-settle policy. First, this paper examines whether a relationship occurs between the litigants. The paper then discusses whether the relationship between the litigants in sue-and-settle cases tends to be collusive or not. The second part of the paper examines how Congress, the Environmental Protection …

Untangling The Economic And Social Impediments To Producer Adoption Of Organic Wheat, Donya L. Ralph-Quarnstrom

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Consumer demand for organic products has shown double-digit growth in recent years encouraging the development of a wider range of goods (Greene, 2017). Americans with an annual household income under $30,000 actively purchase organic foods at nearly the same rate as households with over $75,000 in annual incomes, 42% versus 49% (Greene et al., 2017). Previous research observed the adoption of organic farming practices on a combination of different grains, fruits and vegetables, meat, and dairy products from across the globe. However, this is the first study to examine the adoption of organic wheat in the Western U.S. By addressing …

The Value Of Farmland: Mapping Assessor Data To Understand Land Use Change, Lyndi Perry

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Ideas developed by regional economists have potential applications within the urban planning field. One potential application is toward conserving farmland, and within this thesis this topic is examined for the study area of Utah County, Utah. Using assessor data, a land value map is created and further used to develop a regional economic model and spatial models that were analyzed for patterns of land use change.

Findings show that representing land value as continuous surface maps is a useful approach. The maps reveal that Utah County has densified as its population increased while farmland loss still occurred in agriculturally-important areas. …

The Effect Of "Drought Tolerant" Labeling On Consumers' Preferences And Willingness To Pay For Ornamental Plants, Susanne Tábara Cenador

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

Utah’s water resources are endangered by low rainfall rates, high per capita water consumption and a strong projected increase of residents. The irrigation of ornamental plant landscaping is estimated to account for 60% of residential water use, and is, therefore, a target of education programs in the effort to promote water conservancy. The water-wise “Yellow Tag” program developed by the Utah Division of Water Resources seeks to provide retail nurseries with free tags for labeling plants which are considered low water use with the objective of promoting water conservation. The objective of this study is to determine consumer preferences for …

Three Essays On Land Property Rights, Water Trade, And Regional Development, Muyang Ge

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

This dissertation explores how property rights to a natural resource affect economic decisions for investment or sale, and how these decisions may in turn impact other areas of the economy. The first essay focuses on how incomplete land ownership on Indian Reservations in the United States affects landowner incentives to engage in agricultural production. The second essay explores how the transfer of water in arid regions via water right sales affects local labor markets and environmental outcomes. The third essay seeks to understand how shale-gas drilling has affected organic food production. This dissertation provides several policy implications. First, the findings …

The Organic Wheat Market: Three Essays On Pricing, Consumer Segments, And The Importance Of Labels, Tatiana Drugova

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

This dissertation aims to address issues related to supply and demand of organic wheat either as a commodity or contained in the final consumer products. Objectives for the first essay are to evaluate organic wheat price and premium risk, how it affects the profitability of organic wheat production, and examine whether hedging and forecasting can be used to manage the organic wheat price risk. A side objective is to apply and evaluate several data imputation methods to recover missing organic wheat price observations. Objectives for the second essay are to identify “very likely,” “likely,” and “unlikely” consumers of organic wheat …

Smoothing, Discounting, And Demand For Intra-Household Control For Recipients Of Conditional Cash Transfers, Diego Aycinena, Szabolcs Blazsek, Lucas Rentschler, Betzy Sandoval

Economics and Finance Faculty Publications

Inter-temporal preferences are important determinants of investment decisions, including investments in human capital. Yet, little is known about these preferences for recipients of conditional cash transfers (CCTs). We simultaneously estimate utility curvature (preference for consumption smoothing), discounting, and present biasedness for such recipients. We also introduce a financially motivated method of measuring willingness to forgo funds to control household finances. We find that female participants in a CCT program in Guatemala have very high degrees of utility curvature and low discount factors, which may lead to low levels of investment by participants in the human capital of the household. We …

The Impact Of Demographic Transition (Elderly Dependency Ratio) On Fiscal Balance, Patrick Nartey

Student Research Symposium

The united states currently is the third populous nation in the world after china and India. This represents about 4.5% of the world's population. the U.S population was estimated at 308.7 million during the 2010 census. The share of the population that is 65 and over keeps rising over the years .Over the last ten years the 65 and over population has jumped from 12.55 to 15%.This paper seeks to find the relationship between the fiscal balance and the demographic variables. Proper understanding of this dynamics enables policy-makers to develop pragmatic projection with regards to government expenditure on some essential …

High Reliability In A Constrained Environment, Isaac Rhea

Student Research Symposium

This paper seeks to understand the effects of formal and informal constraints on the operations and success of Highly Reliable Teams. Constraints reduce the risks that are inherently present during missions, but formal constraints, such as policies and standard operating procedures, are limited by the ability of regulators and teams to anticipate problems. Culture, social norms, and other informal constraints are not subject to the same limitation, and develop over time to support the process of complex problem solving in emergency response situations.