Social and Behavioral Sciences Commons^™

Adjusting Imperfect Data: Overview And Case Studies, Lars Vilhuber

Lars Vilhuber

[Excerpt] In this chapter, instead of using the similarity in the cleaned datasets to investigate economic fundamentals, we focus on the differences in the underlying ‘dirty’ data. We describe two data elements that remain fundamentally different across countries, and the extent to which they differ. We then proceed to document some of the problems that affect longitudinally linked administrative data in general, and we describe some of the solutions analysts and statistical agencies have implemented, and some that they did not implement. In each case, we explain the reasons for and against implementing a particular adjustment, and explore, through a …

Social Security Reform: What Are The Options?, Greg Shaw, Susan Swanlund, Tari Renner

Roundtables

Recorded in 2005, this Roundtable set the social security issue in the context of public opinion, strategies of the political parties, and changes in the Medicare program. The goal of the discussion was to help citizens understand the political and economic challenges confronting the efforts to reform social security.

A transcript of this discussion is available at the download link above and to the right of this page.

Testable Implications Of Subjective Expected Utility Theory, Eduardo Zambrano

Economics

I show that the predictive content of the hypothesis of subjective expected utility maximization critically depends on what the analyst knows about the details of the problem a particular decision maker faces. When the analyst does not know anything about the agent's payoffs or beliefs and can only observe the sequence of actions taken by the decision maker any arbitrary sequence of actions can be implemented as the choice of an agent that solves some intertemporal utility maximization problem under uncertainty.

The Problem Of Moral Dirigisme: A New Argument Against Moralistic Legislation, Mario Rizzo

Mario Rizzo

This Article applies a theory of rational choice to moral decisionmaking. In this theory, agents act primarily on local and personal knowledge to instantiate moral principles, virtues and moral goods. The State may seek to prevent them from acting as they independently determine by prescribing or proscribing certain conduct by formal legal means. If its purpose is to ensure that people act morally or become better persons, we call this “moral dirigisme.” Our thesis is that the need to use decentralized knowledge to determine the moral status of an act makes the task of the moral dirigiste well-neigh impossible. The …

Financial Crisis In Turkey, Political Economy Papers: 53, Madrid, Gary S. Sander

Gary S Sander

In the last decade the Turkish economy was hit by two crises. This paper we will discus answers these questions. What are the causes of the 1994 and 2001 crisis? Could the financial crisis have been avoided? What are the lessons that can be drawn from these crises?

City Of Fort Hancock, Texas Incorporation In Texas, Daniel J. Quiñones

IPED Technical Reports

No abstract provided.

Rhode Island Current Conditions Index -- November 2005, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

November 2005, Syracuse Department Of Economics

Economics - All Scholarship

No abstract provided.

City Of Fort Hancock, Texas Zoning Ordinance Model

IPED Technical Reports

This document entitled “City of Fort Hancock, Texas Zoning Ordinance Model” was based on the state-of-the-art zoning rewrite for the city of Socorro in December 2001 by the Graduate Students of CIERP 5304, Plan Implementation – Elise Bright., Associate Professor of the School of Urban and Public Affairs. This document’s use has been designed to provide decision makers a guidance tool.

A Credit Mechanism For Selecting A Unique Competitive Equilibrium, Cheng-Zhong Qin, Martin Shubik

Cowles Foundation Discussion Papers

The enlargement of the general-equilibrium structure to allow default subject to penalties to appririate credit limits and default penalties results in a construction of a simple mechanism for a credit using society. We show that there generically exists a price-normalizing bundle that determines a credit money along with appropriate credit limmits and default penalties for a credit mechanism to select a unique competitive equilibrium (CE). With some additional conditions, a common credit money can be applied such that any CE can be a unique selection by the credit mechanism with appropriate credit limits default penalties for the traders. This will …

Borderplex Economic Outlook: 2005-2007, Thomas M. Fullerton Jr.

Border Region Modeling Project

No abstract provided.

China's Changing Economic Structures And Its Implications For Regional Patterns Of Trade Production And Integration, Kim Song Tan, Hoe Ee Khor

Research Collection School Of Economics

There is tremendous momentum for economic and financial integration in East Asia today. Partly inspired by the formation of the European Union and partly as a response to the 1997/98 Asia financial crisis, many East Asian countries are showing greater commitment to regional economic cooperation. A number of bilateral free trade agreements (FTAs) have either been concluded or are being negotiated.1 At a less formal level, the ASEAN+3 grouping has brought the whole region together in regular consultations over trade, investment, as well as monetary and exchange rate policy matters.

Designing State Aid To Education In The Presence Of Property Tax Exemptions Part 1, John Yinger

Center for Policy Research

It’s Elementary is a series of essays on topics in education and education policy. The main focus is on education finance in New York State, but general research findings in education and education policy issues in several other states are also discussed. John Yinger, Professor of Economics and Public Administration at the Maxwell School, Syracuse University is the author of most of these essays, although a few are written by or co-authored with other scholars.

Oil For What?—Illicit Iraqi Oil Contracts And The U.N. Security Council, Paul Heaton

Paul Heaton

Over a 6½-year period the Iraqi government issued over 1300 oil contracts through the U.N. Oil-For-Food Program. This paper demonstrates that Security Council members obtained significantly more contracts than non-members and contract receipt is associated with pro-Hussein votes on resolutions. For non-permanent seat holders Council membership is associated with a 46% premium in contract value, while permanent seat holders obtained an estimated benefit of approximately $29 million each over the life of the program. A 10% increase in the probability of casting a pro-Iraq vote on the Council corresponds to $55 million in additional contracts. Contrary to median voter models, …

Three Decades Of Italian Comparative Advantages, Luca De Benedictis

Luca De Benedictis

The paper explores the structure of Italian Revealed Comparative Advantages (RCA), focusing on the export structure itself, on its changes over time and on its degree of persistence. The analysis is developed with the use of visual statistical tools and nonparametric statistical techniques that allow to estimate the empirical distribution of the Balassa (1965) Index, and to track its dynamics during three decades, from the 1970s to present. The main results of the analysis are that the structure of Italian RCA is highly persistent, but is changing; the structure is very different when it is examined at a macro-regional level; …

Conference Program - Time Use And Economic Well-Being, Levy Institute

Archives of the Levy Economics Institute

No abstract provided.

Payments For Environmental Services From Agriculture: Experience In The United Kingdom, Thomas L. Dobbs

Economics Commentator

No abstract provided.

Economics: Structure Or Behavior, Shyam Sunder

Shyam Sunder

No abstract provided.

The Corporate Form As A Solution To A Discursive Dilemma, Edward B. Rock

All Faculty Scholarship

I examine the connection between the discursive dilemma and corporate law. The discursive dilemma (or doctrinal paradox) is a distinctive social choice problem that was first identified by Kornhauser and Sager and later used as the basis for a theory of organizational personality by Pettit. I examine the ways in which the corporate form prevents the emergence of the discursive dilemma in the firm context and the extent to which the presence of the discursive dilemma can provide the foundation for a theory of corporate personality.

Backgrounding Cattle In 2005, Jack Davis, Matthew A. Diersen

Economics Commentator

No abstract provided.

Digital Wars -- Legal Battles And Economic Bottlenecks In The Digital Information Industries, Curt A. Hessler

ExpressO

The Digital Age has spawned major legal battles over the fundamental principles of intellectual property law and antitrust law. These diverse struggles can best be analyzed using the basic norm of "value added" from neo-classical normative economics. This analysis suggests that current intellectual property doctirnes provide excessive protection and current antitrust doctrines remain awkward in dealing with the cross-market leveraging of monopoly power in the presence of "natural monopolies" created by network effects.

Economic Importance Of Irrigated Agriculture 2003, Charles Lamphear

Department of Economics: Faculty Publications

Just how important is irrigated agriculture to the Nebraska economy? This question was first addressed nearly forty years ago in a study conducted by Drs. Theodore W. Roesler and F. Charles Lamphear, University of Nebraska Department of Economics. This initial study was updated in 1972 and, again, in 1991. The latest update study for 2003 was recently completed by Dr. Charles Lamphear, emeritus professor, University of Nebraska-Lincoln (UN-L). He was assisted by emeritus professors Dr. Roy Frederick, UN-L Department of Agriculture Economics and Dr. Dale Flowerday, UN-L Department of Agronomy and Horticulture, along with several UN-L extension specialists. The results …

Do Imports Cause Economic Growth? A Time-Series Investigation Of The U.S. Data, Peter J. Saunders, Koushik Ghosh

All Faculty Scholarship for the College of Business

This paper investigates the relationship between imports and economic growth in the US in the long run and the short run. Quarterly data ranging from the first quarter of 1970 to the fourth quarter of 2000 are used to investigate this relationship. Cointegration tests using Johansen's (] 988) technique are used to analyze the long run relationship between imports and economic growth (measured by nominal GDP). Test results indicate that imports and economic growth are related in the long run. The short run analysis of the data is conducted within vector error correction (VEC) testing framework. VEC rest results indicate …

St. Cloud Area Quarterly Business Report, Vol. 7, No. 3, King Banaian, Richard A. Macdonald

St. Cloud Area Quarterly Business Report

No abstract provided.

Poverty And Fertility In The American South, Leonard M. Lopoo

University of Kentucky Center for Poverty Research Discussion Paper Series

This project first reports descriptive evidence of the characteristics of mothers in the American South and compares them to mothers in other regions of the country. Women in the South (and West) tend to have their children at younger ages than those in the Midwest and Northeast. Mothers in the South (and West) also have much lower levels of education and are more likely to be African American or Hispanic compared to women in the Midwest and Northeast. Next, this paper attempts to link the characteristics of the mothers in the American South to the high rates of poverty there. …

The Road To Recovery: Economic And Social Development In Srebrenica, Bosnia-Herzegovina, Erinn Lachner

Independent Study Project (ISP) Collection

Srebrenica, Bosnia-Herzegovina is recreating itself. This municipality, located in the Republic of Srpska, is the setting of the 1995 genocide, which murdered 8,000 Muslim men and boys. Destroyed by the war, this municipality is rebuilding its economy, infrastructure and civil society from scratch. Srebrenica has made a large amount of progress in the past ten years, with the help of international and local donors. These donors have contributed millions of dollars to the effort. However, Srebrenica still faces many obstacles, namely, high unemployment, lack of physical infrastructure and poor attention to social welfare. While slow, progress is made everyday in …

Predicting The Path To Recovery From Hurricane Katrina Through The Lens Of Hurricane Andrew And The Rodney King Riots, Robert Baade, Robert Baumann, Victor Matheson

Economics Department Working Papers

Hurricane Katrina caused the greatest damage of any hurricane in American history. We look at the rebuilding effort in New Orleans through the lens of two other disasters that occurred in 1992: Hurricane Andrew in Miami and the Rodney King riots in Los Angeles. The rebuilding effort in New Orleans shares similarities with both events, combining the impact of a hurricane on infrastructure and private businesses, and the prospect of an uneven recovery biased against racial minorities and the economically disadvantaged. Using the experience of the King riots, our concern is that the rebuilding effort will be modest at best …

Hegemons Of A Lesser God: The Bank Of France And Monetary Leadership Under The Classical Gold Standard, Giulio M. Gallarotti

Giulio M Gallarotti

Conventional theories of international hegemony all agree on the fact that the stabilizing functions of hegemons (i.e., nations which use their power to maintain orderly relations in a given issue-area) are positively correlated with their power. The public goods logic upon which this vision is founded posits that as any potential leader becomes more powerful in a given issue area, it will increasingly see its own welfare as synonymous with order in the entire constellation of relations within the issue area itself, and consequently have an incentive to provide the necessary public goods (i.e., the components of stability) to bring …

The View From The West Bank, Warren Coats

Warren Coats

Today's failure to resolve the Israeli Palestinian conflict/relationship is put in historical context.

Unraveling Of Dynamic Sorting, Ettore Domiano, Hao Li, Wing Suen

hao li

We consider a two-sided, finite-horizon model of search and matching with heterogeneous types and complementarity between types. The quality of the pool of potential matches deteriorates as agents who have found mutually agreeable matches exit the market. With automatic participation of all agents in each round, the market performs a sorting function in that attractive types of agents have multiple chances to meet and match with their peers. However, the sorting function of the market is lost if agents incur an arbitrarily small cost in order to participate in each round. The market unravels as almost all agents rush to …