Social and Behavioral Sciences Commons^™

Workers' Compensation Reemployment Programs Options For Modifying The Pension System: Final Report, Peter S. Barth, H. Allan Hunt

Reports

No abstract provided.

Tables Of Percentage Points Of The K-Variate Normal Distribution For Large Values Of K, William C. Horrace

Economics - All Scholarship

This paper gives tabulations of the upper a percentage points of the maximum absolute value of the k-variate normal distribution with common correlation p for values of k as high as 500. The tables are useful for performing multiple comparison procedures in experiments with large numbers of treatments.

Economic Impact Of The Pork Industry In South Dakota; Economic Impact Of The Dairy Industry In South Dakota, Gary Taylor

Economics Commentator

No abstract provided.

La Metà Del Cielo Tra Confucio E Mercato, Tonia Warnecke, Alain Blanchard

Faculty Publications

No abstract provided.

Women In China, Between Confucius And The Market, Tonia Warnecke, Alain Blanchard

Faculty Publications

No abstract provided.

Does Productivity Respond To Exchange Rate Appreciations? A Theoretical And Empirical Investigation, Yao Tang

Economics Department Working Paper Series

Although real currency appreciations pose direct difficulties for exporters and import-competing firms as they will face more intense competition, is it possible that such competition spurs firms to improve productivity? To answer this question, the paper first constructs a theoretical model to show how the competitive pressures of currency appreciations induce firms to improve productivity by adopting new technologies. In addition, the model predicts that during appreciations there will be a positive relation between market concentration and improvements in productivity for industries highly exposed to trade, because the marginal benefits of productivity improvement will be bigger for firms with a …

The Effects Of Electricity Pring On Phev Competitiveness, Shisheng Huang, Bri-Mathias S. Hodge, Farzad Taheripour, Joseph F. Pekny, Gintaras V. Reklaitis, Wallace E. Tyner

PPRI Digital Library

Plug-in Hybrid Electric Vehicles (PHEVs) will soon start to be introduced into the transportation sector, thereby raising a host of issues related to their use, adoption and effects on the electricity sector. Their introduction has the potential to significantly reduce carbon emissions from the transportation sector, which has led to government policies aimed at easing their introduction. If their wide-spread adoption is set as a target it is imperative to consider the effects of existing policies that may increase or decrease their adoption rate. In this study, we present a micro level electricity demand model that can gauge the effects …

Ua1b Wku University Wide Committees/Events, Wku Archives

WKU Archives Collection Inventories

Records regarding university wide events such as lecture and concert series. See individual departments for smaller co-sponsored events.

Does It Hurt A State To Introduce An Income Tax?, David J. Shakow

All Faculty Scholarship

In an article in the Wall Street Journal, Arthur Laffer argued that, since 1960, the introduction of state income taxes reduced the relative size of a state’s gross state product and its relative per capita personal income. This paper criticizes Laffer’s conclusions on a number of grounds. 1. He uses incorrect figures for per capita income. In fact, relative per capita income rose in a majority of states that introduced an income tax since 1960. 2. The results are not clear when a state’s data is compared to other states in its region, rather than to the United States as …

Vertical Restraints, Dealers With Power, And Antitrust Policy, Herbert J. Hovenkamp

All Faculty Scholarship

The Supreme Court’s Leegin decision has now brought the rule of reason to all purely vertical intrabrand distribution restraints. But the rule of reason does not mean per se legality and occasions for anticompetitive vertically imposed restraints may still arise. Of all those that have been suggested the most plausible are vertical restraints imposed at the behest of a powerful dealer or group (cartel) of dealers.

Although a vertical distribution restraint resembles a dealer cartel in that both limit intraband competition, a manufacturer restraining the distribution of its product shuns the excess dealer profits a dealer cartel would seek. Accordingly, …

Economic Writing On The Pressing Problems Of The Day: The Roles Of Moral Intuition And Methodological Confusion, Julie A. Nelson

Economics Faculty Publication Series

Economists are often called on to help address pressing problems of the day, yet many economists are uncomfortable about disclosing the values that they bring to this work. This essay explores how an inadequate understanding of the role of methodology, as related to ethics and human emotions of concern, underlies this reluctance and compromises the quality of economic advice. The tension between caring about the problems, on the one hand, and writing within the existing culture of the discipline, on the other, are illustrated with examples from U.S. policymaking, behavioral economics, and the economics of climate change and global poverty. …

Second-Best Tax Policy And Natural Resource Management In Growing Economies, Steven P. Cassou, Arantza Gorostiaga, María José Gutiérrez, Stephen F. Hamilton

Economics

This paper investigates the exploitation of environmental resources in a growing economy within a second-best fiscal policy framework. Agents derive utility from two types of consumption goods — one which relies on an environmental input and one which does not — as well as from leisure and from environmental amenity values. Property rights for the environmental resource are potentially incomplete. We connect second best policy to essential components of utility by considering the elasticity of substitution among each of the four utility arguments. The results illustrate potentially important relationships between environmental amenity values and leisure. When amenity values are complementary …

The Economic State Of Milwaukee, 1990-2008, Joel Rast

Center for Economic Development Publications

No abstract provided.

A Contractual Approach To Shareholder Oppression Law, Benjamin Means

Faculty Publications

According to standard law and economics, minority shareholders in closely held corporations must bargain against opportunism by controlling shareholders before investing. Put simply, you made your bed, now you must lie in it. Yet most courts offer a remedy for shareholder oppression, often premised on the notion that controlling shareholders owe fiduciary duties to the minority or must honor the minority's reasonable expectations. Thus, law and economics, the dominant mode of corporate law scholarship, appears irreconcilably opposed to minority shareholder protection, a defining feature of the existing law of close corporations.

This Article contends that a more nuanced theory of …

Tax Reform In Rhode Island: Developing A High Quality Revenue Stream, Nicholas A. Denice

Honors Projects in Accounting

The present study explores the current state of taxation in Rhode Island in relation to its sales tax. An analysis of the literature will examine how the current sales tax system compares with other alternatives and if it hurts the state's economic competitiveness as shown in tax burden studies. Using Rhode Island tax data from the Annual State Audit and Consumer Expenditure Survey, this study will analyze the current sales tax system in the state and determine whether an alternative model would lead to a higher-quality revenue stream. Data from the State of Rhode Island General Audit Report and the …

2010 Economic Impact Of The University Of Texas At El Paso, David A. Schauer, Elizabeth K. Gibson, Guadalupe Corral, Mario Caire

IPED Technical Reports

The University of Texas at El Paso (UTEP) continues to be a significant contributor to the regional economy. In its 96th year of operation, the University of Texas at El Paso currently provides educational opportunities for over 22,000 students. In doing so, UTEP employs 3,100 individuals and has an annual operating budget of $335 million, clearly making it a significant contributor to the regional economy of West Texas and the Paso del Norte region. UTEP is one of the largest business concerns in El Paso. The presence of the University impacts, both directly and indirectly, local business volume, household income, …

Money And Its Effects On Life, Behaviour And Happiness, Knowledge@Smu

Knowledge@SMU

Happiness cannot be bought, some people might argue. Yet, money certainly allows people to buy things and experiences that can ultimately bring joy and happiness. Results from this year's Gallup World Poll, for instance, ranked Denmark, Finland, Norway, Sweden and the Netherlands – all wealthy countries – as the top five for happiest inhabitants. A recent SMU Social Sciences Capstone Seminar also pointed out that wealthier countries have cleaner water, better infrastructure, fewer diseases, and higher IQs. Could the old adage, that money is the root of all evil, be out of touch with the realities of our capitalist, consumerist …

Productivity, Discrimination, And Lost Profits During Baseball's Integration, Jonathan Lanning

Economics Faculty Research and Scholarship

This article uses data from Major League Baseball's integration to identify the sources and magnitude of labor market discrimination. Returns to hiring black workers in this industry were high, and the industry's labor supply was uniquely suited for rapid integration, yet integration evolved slowly. Many explanations for this sluggishness are considered, including both taste-based and statistical discrimination. Ultimately, only owner and collective coworker discrimination can explain baseball's slow pace of integration. The estimated levels of discrimination are high, showing the median team sacrificed profits of nearly $2.2 million in 1950 dollars (over $19 million 2010 dollars) by delaying integration.

A Community In Bloom: An Affordable Housing Needs Assessment Of West Bloomington, Margaret L. Anderson, Lloyd Banwart, David F. Becker, Dana Bulba, Jared Dellinger, Mimi Duong, Julie Ornee, Katie Mitchell, Andrew Piotrowski, Hillary Smith, Dustin Stoltz, Mandy Swartzendruber, Niko Valaris, Katie Weber

Community Project Design and Management Reports - Sociology

Purpose of Report

This report was written in response to a request from Habitat for Humanity of McLean County. The report expands upon and updates an affordable homeownership needs assessment for the Bloomington-Normal community – with an emphasis on West Bloomington – that was created in 2004. Because the housing market and economic conditions of the area have changed drastically in the last 6 years, an updated report is necessary.

Data Sources and Methodology

This report uses a combination of primary and, mainly, secondary data sources. Interviews were conducted with representatives of, among others, Bloomington Housing Authority, the Economic Development …

Estimating A Small-Scale Macroeconometric Model (Ssmm) For Nigeria: A Dynamic Stochastic General Equilibrium (Dsge) Approach, Charlse N.O Mordi, Michael A. Adebiyi

CBN Occasional Papers

This paper attempts to develop a small scale macroeconometric model for the Nigerian economy using dynamic stochastic general equilibrium (DSGE) methodology. Particular attention is paid to using impulse responses to explain the dynamic properties of the model. This model incorporates expectation as an anchor in the forward-looking monetary policy objective of the Central Bank of Nigeria (CBN). It captures most of the channels through which policymakers believe monetary policy can influence a small open economy with a managed floating exchange rate. The model was taken to the data by means of Bayesian estimation with the following major findings. First, although …

Is The Philips Curve Useful For Monetary Policy In Nigeria, Carlos J. Garcia

CBN Occasional Papers

The objective of this article is to determine if the Phillips curve is a relevant tool to conduct monetary policy in African countries wishing to adopt an inflation-targeting regime. I choose Nigeria as a case of study because it is in the early stage of the implementation of this regime. I estimate a medium-sized model for monetary policy analysis. The model reflects a synthesis between the New Keynesian and the Real Business Cycle (RBC) approaches. Then I estimate the model by using Bayesian econometric technique in order to overcome the shortage of data availability. The study concludes that there is …

Mountain Monitor-3rd Quarter 2010, Jonathan Rothwell, Kenan Fikri

Mountain Monitor Quarterly

One year after the Mountain Monitor began tracking recession and recovery in the Intermountain West, the Southern Nevada economy has yet to turn around. The rate of slippage across a range of indicators has slowed measurably, but evidence of a nascent recovery eludes. Las Vegas' poor relative performance over the past year can be attributed not only to the legacy of a particularly devastating initial wave of economic distress, but also to a continued struggle to slow and reverse the downward trend.

Intra-Industry Trade And The Open Economy, Sven W. Arndt

CMC Faculty Publications and Research

This paper explores the implications of cross-border production networks and vertical intra-industry trade for macroeconomic adjustment and for the effectiveness of monetary and fiscal stabilization policies. Vertical intra-industry trade introduces direct links between countries’ imports and exports and thereby affects the manner in which trade balances respond to variations in exchange rates and to global shocks more generally. The precise effects depend on whether the direct link runs from exports to imports or vice versa. In the U.S., for example, exports of auto parts and components rise with an increase of imports of passenger vehicles from Mexico. This produces a …

Neuroeconomics: Constructing Identity, John B. Davis

Economics Faculty Research and Publications

The paper asks whether neuroeconomics will make instrumental use of neuroscience to adjudicate existing disputes in economics or be more seriously transformed by neuroscience in ways that might transform economics. The paper pursues the question by asking how neuroscience constructs an understanding of individuals as whole persons. The body of the paper is devoted to examining two approaches: Don Ross's neurocellular approach to neuroeconomics and Joseph Dumit's cultural anthropological science organization approach. The accounts are used to identify boundaries on single individual explanations. Within that space Andy Clark's external scaffolding view and Nathaniel Wilcox's socially distributed cognition view are employed.

Return To College Education Revisited: Is Relevance Relevant?, Olga Yakusheva

Economics Faculty Research and Publications

This study examines whether the size of the college earnings premium varies depending on the quality of the match between an individual’s degree field and his/her occupation. The study uses the Occupational Information Network (O*NET) to obtain a new measure of the quality of occupational match for a sample of 2268 young adults with post-secondary degrees from the restricted use High School and Beyond (1980/92) data. The study finds that people whose occupations better match their degree fields earn significantly higher returns to post-secondary schooling. This result is robust to controlling for an extensive set of pre-existing differences among individuals, …

Trade And Divergence In Education Systems, Pao Li Chang, Fali Huang

Research Collection School Of Economics

This paper presents a theory on the endogenous choice of a country's education policy and the two-way causal relationship between trade and education systems. The setting of a country's education system determines its talent distribution and comparative advantage in trade; the possibility of trade by raising the returns to the sector of comparative advantage in turn induces countries to further diferentiate their education systems and reinforces the initial pattern of comparative advantage. Specifically, the Nash equilibrium choice of education systems by two countries interacting strategically are necessarily more divergent than their autarky choices, although the difference is still less than …

Borderplex Economic Outlook: 2010-2012, Thomas M. Fullerton Jr., Teodulo Soto

Border Region Modeling Project

No abstract provided.

Comparisons Of Carbon Pools And Economic Profitability For Managed Ponderosa Pine Stands In Wyoming, Usa, A. Chatterjee, Sian Mooney, G. F. Vance

Economics Faculty Publications and Presentations

A forest carbon (C) sequestration project was conducted to evaluate the economic incentives that would be required by landowners to engage in C trading under different management regimes. Costs associated with joint management for C sequestration and timber would be valuable for establishing sound forest C trading systems. In this study, we calculated the C yield and amortized value of three Wyoming, ponderosa pine stands. The management practices examined were, unmanaged, even-aged (regene-ration after clear-cut) and uneven-aged (selectively harvested). Costs and revenues associated with three stands were converted into 2006 real dollars using the all commodity producer price index to …

Rhode Island Current Conditions Index — December 2010, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Sequential Investment, Hold-Up And Strategic Delay, Juyuan Zhang, Yi Zhang

Research Collection School Of Economics

We investigate hold-up with simultaneous and sequential investment. We show that if the encouragement effect of sequential complementary investments dominates the delay effect, sequential investment alleviates the underinvestment caused by the hold-up problem. Further, if it is allowed to choose when to invest, strategic delay occurs when the encouragement effect of sequential complementary investments dominates the delay effect.