Social and Behavioral Sciences Commons^™

Multiple Openings And Competitiveness Of Forward Markets: Experimental Evidence, José Luis Ferreira, Praveen Kujal, Stephen Rassenti

Economics Faculty Articles and Research

We test the competition enhancing effect of selling forward in experimental Cournot duopoly and quadropoly with multiple forward markets. We find that two forward periods yields competitive outcomes and that the results are very close to the predicted theoretical results for quantity setting duopolies and quadropolies. Our experiments lend strong support to the hypothesis that forward markets are competition enhancing. We then test a new market that allows for endogenously determined indefinitely many forward periods that only close when sellers coordinate on selling a zero amount in a forward market. We find that the outcomes under an endogenous close rule …

Capturing Regulatory Reality: Stigler’S The Theory Of Economic Regulation, Christopher Carrigan, Cary Coglianese

All Faculty Scholarship

This paper offers a retrospective assessment of economist George Stigler’s classic article, The Theory of Economic Regulation. Stigler argued that regulation is a product that, just like any other product, is produced in a market, and that it can be acquired from the governmental “marketplace” by business firms to serve their private interests and create barriers to entry for potential competitors. He challenged the idea that regulation arises solely to serve the public interest and demonstrated that important political advantages held by businesses can contribute to industry capture of the regulatory process. Although his argument was largely based on …

Development Of Utility Theory And Utility Paradoxes, Timothy E. Dahlstrom

Lawrence University Honors Projects

Since the pioneering work of von Neumann and Morgenstern in 1944 there have been many developments in Expected Utility theory. In order to explain decision making behavior economists have created increasingly broad and complex models of utility theory. This paper seeks to describe various utility models, how they model choices among ambiguous and lottery type situations, and how they respond to the Ellsberg and Allais paradoxes. This paper also attempts to communicate the historical development of utility models and provide a fresh perspective on the development of utility models.

Defending A Mixed Economy, Herbert J. Hovenkamp

All Faculty Scholarship

This essay reviews Jacob S. Hacker's and Paul Pierson's very engaging book, American Amnesia: How the War on Government Led Us to Forget what Made America Prosper (2016).

Can Nba Teams Benefit From Losing?, Ryan P. Hallisey

Honors Scholar Theses

It has been speculated that franchises in the NBA (national basketball association) lose on purpose because of the benefits that coincide with a team having a poor overall record. Teams that perform the worst are given the highest draft selections in the following season's rookie player draft, thus theoretically improving their chances of becoming a more winning team. Previous economists have used various methodology to prove that NBA teams do in fact lose on purpose; or tank. This paper builds upon this previous methodology to examine the direct impact, negative or positive, that losing on purpose has had on various …

Essays On Retail And Regional Economics, David Christopher Vitt

FIU Electronic Theses and Dissertations

This dissertation is composed of three essays at the intersection of regional economic analysis and industrial organization. In the first chapter, I derive an estimating equation for retail market structure in order to quantify the effects of e-commerce competition on brick and mortar retail establishment and employment counts. Using a multilevel regression specification, I find that (i) e-commerce establishment count exposure results show heterogeneity in the sign of the effects across the retail sectors represented in the data (ii) the magnitude of the e-commerce exposure effect is also heterogeneous across retail sectors (iii) the heterogeneity is not purely random and …

Labor Market Challenges In Europe With Respect To The Migrant Crisis, Thomas M. Segerstrom

Student Publications

Advocates and opponents of European refugee policy have disagreed often over the economic impact of new asylum seekers. This paper analyzes characteristic qualities of the European labor market and how they relate to the recent changes in migration from the Middle East and Africa. Within is analysis of the impacts to gross domestic product, unemployment, and the welfare state that the arrival of additional persons to the low-wage market will bring. The paper also argues that a plan to distribute asylum seekers across the European Union is an equitable solution to the issue.

Bazinganomics: Economics Of The Big Bang Theory, James Tierney, G. Dirk Mateer, Ben O. Smith, Jadrian Wooten, Wayne Geerling

Economics Faculty Publications

url:http://www.bazinganomics.com

The website is designed to provide instructors with clips, explanations, and lesson plans related to economics concepts from TV’s 2nd most watched broadcast show of the 2014-2015 season, CBS’s The Big Bang Theory. The site contains approximately 100 clips. As the show continues to air (currently signed through the 2016-2017 season) the authors plan to increase the number of clips and lesson plans.

Factors Influencing The Variation In Gms Prescribing Expenditure In Ireland, Aisling Conway Lenihan, S. Ahern, J. Cronin, N. Woods

Dept. of Management & Enterprise Publications

Background

Pharmaceutical expenditure growth is a familiar feature in many Western health systems and is a real concern for policymakers. A state funded General Medical Services (GMS) scheme in Ireland experienced an increase in prescription expenditure of 414 % between 1998 and 2012. This paper seeks to explore the rationale for this growth by investigating the composition (Anatomical Therapeutic Chemical (ATC) Group level 1 & 5) and drivers of GMS drug expenditure in Ireland in 2012.

Methods

A cross-sectional study was carried out on the Health Service Executive-Primary Care Reimbursement Service (HSE-PCRS) population prescribing database (n = 1,630,775). Three …

The Economic Burden Attributable To A Child’S Inpatient Admission For Diarrheal Disease In Rwanda, Fidele Ngabo, Mercy Mvundura, Lauren Gazley, Maurice Gatera, Celse Rugambwa, Eugene Kayonga, Yvette Tuyishme, Jeanne Niyibaho, Jason M. Mwenda, Philippe Donnen, Philippe Lepage, Agnes Binagwaho, Deborah Atherly

Dartmouth Scholarship

Backround:

Diarrhea is one of the leading causes of childhood morbidity and mortality. Hospitalization for diarrhea can pose a significant burden to health systems and households. The objective of this study was to estimate the economic burden attributable to hospitalization for diarrhea among children less than five years old in Rwanda. These data can be used by decision-makers to assess the impact of interventions that reduce diarrhea morbidity, including rotavirus vaccine introduction.

Methods:

This was a prospective costing study where medical records and hospital bills for children admitted with diarrhea at three hospitals were collected to estimate resource use and …

James Livingston Interview, Jennifer Thomson

Bucknell: Occupied

Jennifer Thomson, assistant professor of History at Bucknell University, interviews James Livingston, professor at Rutgers University in the department of History about his new book tentatively entitled F--- Work. Thomson and Livingston discuss cultural ideas about work and full employment. Livingston describes the cultural changes necessary for the adoption of ideas related to transfer payments.

State Of The U.S. Ocean And Coastal Economies 2016 Update, Dr. Judith T. Kildow, Charles S. Colgan, Pat Johnston

Publications

Relative to the landmass of coastal regions, America’s coasts and oceans contribute a disproportionately high value to the United States economy. For the past fifteen years, the National Ocean Economics Program (NOEP) has compiled time-series data that track multiple indicators for economic activities, demographics, natural resource production and values, non-market values, and federal expenditures in the U.S. coastal zone on land and in the water. On our website (www.oceaneconomics.org), government agencies, academia, industry, advocacy groups and the general public representing more than 40 nations— have had interactive access to this information and used it widely for many different purposes.

This …

Publications From The Mastering Mills Symposium, Center For Economic Development

Center for Economic Development Technical Reports

Through the Center for Economic Development's research, consulting and technical assistance efforts, it has become increasingly apparent that increased knowledge concerning the revitalization of old mills and mill communities is necessary. The problem is particularly acute in smaller communities and in areas of slow growth, where problems and solutions are addressed differently than larger towns near urban locations. The purpose of this symposium was to gain an understanding of the methods that can protect and enhance mill character and the economic viability in mill communities. It included several presentations, panel discussions, and opportunities for audience involvement. Presentations and any supplemental …

Mastering Mills: Recommendations For Planning Massachusetts Mill Communities, Angelica Carey, Madison M. Burke, Alexandra 'Ola' Smialek, Margaret Palmer

Center for Economic Development Technical Reports

This paper provides specific recommendations that have been prioritized in an effort to influence state policy that will positively support mill revitalization.

State Of The Northwest Arkansas Region 2016 Report, Katherine A. Deck, Mervin Jebaraj

State of the Northwest Arkansas Region Report

The State of the Northwest Arkansas Region Report is an annual publication, commissioned by the Northwest Arkansas Council, that serves as a tool for evaluating the economic performance of the region. In January 2015, the Northwest Arkansas Council created a new blueprint for development that outlines the peer regions and a strategic action agenda for 2015-2017. In the three-year plan, the performance of Northwest Arkansas is benchmarked with other contemporary, high-performing regions namely Austin, Des Moines, Madison, Durham-Chapel Hill and Raleigh. The 2016 State of the Region Report compares Northwest Arkansas with these geographies in the areas of gross domestic …

Kentucky Annual Economic Report 2016, Christopher R. Bollinger, William H. Hoyt, David Blackwell, Michael T. Childress

Kentucky Annual Economic Report

No abstract provided.

The Pittsburg Micropolitan Area Economic Report, Quarter 3, 2016, Pittsburg State University. Gladys A. Kelce College Of Business

Pittsburg Micropolitan Reports

The Pittsburg Micropolitan Area Economic Report is created by the Business and Economic Research Center (BERC) at Pittsburg State University.

The Pittsburg Micropolitan Area Economic Report, Quarter 2, 2016, Pittsburg State University. Gladys A. Kelce College Of Business

Pittsburg Micropolitan Reports

The Pittsburg Micropolitan Area Economic Report is created by the Business and Economic Research Center (BERC) at Pittsburg State University.

The Pittsburg Micropolitan Area Economic Report, Quarter 1, 2016, Pittsburg State University. Gladys A. Kelce College Of Business

Pittsburg Micropolitan Reports

The Pittsburg Micropolitan Area Economic Report is created by the Business and Economic Research Center (BERC) at Pittsburg State University.

The Pittsburg Micropolitan Area Economic Report, Quarter 4, 2016, Pittsburg State University. Gladys A. Kelce College Of Business

Pittsburg Micropolitan Reports

The Pittsburg Micropolitan Area Economic Report is created by the Business and Economic Research Center (BERC) at Pittsburg State University.

The Pittsburg Micropolitan Area Economic Profile, 2016, Pittsburg State University. Gladys A. Kelce College Of Business

Pittsburg Micropolitan Reports

The Pittsburg Micropolitan Area Economic Profile is created by the Business and Economic Research Center (BERC) at Pittsburg State University.

The Big Economic Development Project Question: Is It New Revenue Or A Spending Transfer?, Paul Harris, Ronald Berkebile, Julia Martin, Larry Filer

Economics Faculty Publications

Most local governments pursue some degree of economic development activity to strengthen their economy by adding jobs and generating tax revenue. Witness the growth in tax increment financing, property tax abatements, tax credits, and exemptions for economic development. These state and local incentives totaled more than $80 billion in 2012. Economic development projects can represent a significant boon for a local economy. Estimating how much money they might generate, however, is not as easy as it initially seems, and jurisdictions can receive far less net new revenue than developers predict. Most consumers have finite incomes, which limits their discretionary spending. …

Coastal Empire Economic Monitor, 2nd Quarter, 2016, Armstrong State University Center For Regional Analysis

Coastal Empire Economic Monitor

The Coastal Empire Economic Indicators are designed to provide continuously updating quarterly snapshots of the Savannah Metropolitan Statistical Area economy. The coincident index measures the current economic heartbeat of the region. The leading index provides a short term forecast of the region’s economic activity in six to nine months.

Macroconstants Of Development: A New Benchmark For The Strategic Development Of Advanced Countries And Firms, Andrey V. Bystrov, Vyacheslav N. Yusim, Tamilla Curtis

Publications

This research proposed a new indicator of countries’ development called “macroconstants of development”. The literature review indicates that the concept of "macroconstants of development" is not used at the moment in neither the theory nor the practice of industrial policy. Research of longitudinal data of total GDP, GDP per capita and their derivatives for most countries of the world was conducted. An analysis of statistical information has been done by employing econometric analyses.

Based on the analysis of the statistical data, which characterizes the development of large, technologically advanced countries in ordinary conditions, it was identified that the average acceleration …

Jet: A New Journal Takes Off!, Linda Ghent, G. Mateer

Faculty Research and Creative Activity

This journal is entirely electronic and open-access; that is because we are here to “transmit” better ways to teach economics to educators. We want instructors to be able to easily share the content they discover in JET with others. Equally important is the content inside the journal. The next word in the mission statement is “innovative.” We are about new ideas and approaches on the frontier of economic education. What does that look like? We will keep you up-to-date on the latest technology in the classroom, social media trends, economics in popular culture, classroom activities, and much more. If you …

Coastal Empire Economic Monitor, 4th Quarter, 2016, Armstrong State University Center For Regional Analysis

Coastal Empire Economic Monitor

The Coastal Empire Economic Indicators are designed to provide continuously updating quarterly snapshots of the Savannah Metropolitan Statistical Area economy. The coincident index measures the current economic heartbeat of the region. The leading index provides a short term forecast of the region’s economic activity in six to nine months.

Coastal Empire Economic Monitor, 3rd Quarter, 2016, Armstrong State University Center For Regional Analysis

Coastal Empire Economic Monitor

The Coastal Empire Economic Indicators are designed to provide continuously updating quarterly snapshots of the Savannah Metropolitan Statistical Area economy. The coincident index measures the current economic heartbeat of the region. The leading index provides a short term forecast of the region’s economic activity in six to nine months.