Social and Behavioral Sciences Commons^™

Voting Under Contradictory News, Arnab Mitra, Quazi Shahriar

Economics Faculty Publications and Presentations

How much do opposing news sources distort private information and how do voters use distorted contradictory information regarding candidate quality? In a two candidate voting game, we derive and experimentally test an “average-opinion” hypothesis, where two opposingly biased sources, capable of forming an unbiased estimate of candidate quality as well as a distorted estimate within a bound, symmetrically distort their reported estimates in opposite directions, and voters split the estimate difference to decipher the unbiased estimate. Data support the hypothesis and show that voters benefit from sources’ competition, compared to a control treatment without competition. When sources are allowed to …

Gender Differences In Dishonesty When Leaders Make Decisions On Behalf Of Their Team, Kerstin Grosch, Stephan Muller, Holger A. Rau, Lilia Wasserka-Zhurakhovska

Economics Faculty Publications and Presentations

This study examines the ethical dilemma faced by leaders, balancing financial gains and ethical considerations, with a focus on gender differences. We experimentally study such a dilemma in which leaders can benefit their teams at the expense of moral costs from dishonest reporting. We measure, first, individual dishonesty preferences and, second, reporting decisions for teams in a leadership role using outcome-reporting games in a laboratory setting. Individual dishonesty preferences predict men’s propensity to apply for leadership. We further find that women have lower initial dishonesty preferences compared to men but increase dishonesty when assuming leadership roles. A follow-up study indicates …

Information Without Rents: Mechanism Design Without Expected Utility, Ernesto Rivera Mora, Philipp Strack

Cowles Foundation Discussion Papers

We study mechanism design for a sophisticated agent with non-expected utility (EU) preferences. We show that the revelation principle holds if and only if all types are EU maximizers: if at least one type is a non-EU maximizer, randomizing over dynamic mechanisms generates a strictly larger set of implementable allocations than using static mechanisms. Moreover, dynamic stochastic mechanisms can fully extract the private information of any type who doesn’t have uniformly quasi-concave preferences without providing that type any rent. Full-surplus extraction is possible in a broad variety of non-EU environments, but impossible for types with concave preferences.

Borderplex Business Barometer, Volume 9, Number 12, Thomas M. Fullerton Jr., Steven L. Fullerton

Border Region Modeling Project

No abstract provided.

Hkc03 - Leading A Horse To Water: Understanding The Potential Consequences Of Ordeals In Subsidized Tariff Pricing, Evan Plous Kresch, Carlota Loran Lopez

Oberlin College Kasper Economics and Business Working Paper Series

Water utilities attempting to balance widespread network access with financial stability in providing services often employ Increasing Block Tariffs (IBTs), where volumetric rates increase nonlinearly with water consumed. The widespread adoption of IBTs by utilities across the world is partly attributed to their ability to cross-subsidize smaller monthly users; however, this often leads to the undesirable outcome that large poor households are shifted into higher tariff blocks. To address this, water utilities often adopt a“social tariff”, with significantly lower rates specifically targeted at poor households. However, most of these social tariff policies require households to opt-in or apply to the …

The Bandwagon Model, Dean A. Williams

All Dissertations

Professional sports teams are in the entertainment market where owners of teams invest in players with the hopes of converting their talents into wins, and in turn, added revenues for their team. To gain an understanding of the incentives that shape these team talent investment decisions, prior economists have created theoretical models of professional sports leagues that give predictions regarding the cost to acquire talent, and the winning percentage of teams from different market sizes. These models are then used to show how team talent investment decisions change once professional sports leagues implement policies such as first-year player drafts, salary …

Privately Owned Companies Dominate Renewable Energy Generation Ownership Around The World, Dyaran Bansraj, Theodor Florian Cojoianu, Xi Hu, Khaladdin Rzayev, Francisco Urzua

Research Collection College of Integrative Studies

Global sustainable finance policies are premised on publicly listed companies driving decarbonization through transparency, investor pressure, and capital market access. Analysing c. 20,000 corporate owners of renewable and fossil-fuel assets worldwide, we show the opposite: private firms own approximately 75% of global renewable generation capacity. This private dominance holds across all major technologies and regions, with listed ownership of renewable assets being the majority only in the oil & gas and technology sectors. The Paris Agreement did not alter this balance. Instead, ownership of the energy transition reflects countries' financial structures, with similar patterns observed across manufacturing, construction, and financial …

Mountain Communities During A Time Of War: A Case Study Of The Hutsul Region In The Carpathian Mountains Of Ukraine, Pavlo Rybaruk

Electronic Theses and Dissertations

This thesis investigates the ethno-ecological technologies employed by the Hutsul people within the highland agrarian economy of the Carpathian Mountains. Over centuries, the Hutsuls have developed ethno-ecological technologies that maintain ecological integrity while supporting community livelihoods.

The study addresses three primary research questions: What are the most important ethno-ecological technologies of the Hutsul highland economy? How might these traditional ethno-ecological practices be applied to economic, agricultural, and tourism development in the Hutsul region? How might these traditional ethno-ecological practices be combined with contemporary approaches to encourage sustainable development in the region?

The research explores the devastating impact of the Russian …

Hkc01 - What We Do In The Shadows: How Urban Density Facilitates Information Diffusion And Civic Engagement, Qing Zhang, Evan Plous Kresch

Oberlin College Kasper Economics and Business Working Paper Series

Does urban density facilitate the diffusion of information and civic engagement? This paper exploits plausibly exogenous variation generated by a unique national policy in China that requires all residential buildings to receive sufficient hours of sunshine. The policy creates higher degrees of restriction on density at higher latitudes, where longer shadows require buildings to be further apart. Using differential topic dynamics on a national petition platform to measure information diffusion, this paper shows that people respond to shifts in government attention with varying speeds across latitudes. Increases in local government reply rate to a topic raises the volume of subsequent …

Presumption Of Creditworthiness, Nakita Q. Cuttino

Michigan Law Review

Creditworthiness, or the likelihood that one will repay one’s debts, is typically signaled through a three-digit number known as a credit score. Yet, over thirty-two million adult-aged consumers lack adequate consumer credit reports and therefore do not have a traditional credit score. As a result of being unscored, these consumers are generally presumed uncreditworthy and foreclosed from mainstream credit markets. Unscored consumers are often relegated to extractive, fringe credit markets that neither require nor build credit scores. More insidiously, however, a growing number of non-credit contexts, including rental housing, utility services, and employment markets, look to creditworthiness to determine eligibility …

(Wp 2025-06) Ramsey And Keynes...And Sraffa And Wittgenstein: Change In Interwar Cambridge Economics And Policy, John B. Davis

Economics Working Papers

The Ramsey-Keynes exchange regarding the nature of probability is investigated in connection with the development of interwar Cambridge economics and Ramsey and Sraffa’s influences on Keynes and Wittgenstein. First discussed are Ramsey’s criticisms of Keynes and Wittgenstein; then Sraffa’s criticisms of Marshall and Wittgenstein. Ramsey was influenced by Peirce and pragmatism and Sraffa by Gramsci and the theory of cultural hegemony. Ramsey died in 1930 but Sraffa continued to interact with both Keynes and Wittgenstein. After his critique of Marshall he participated in the ‘Cambridge circus’ and turned to recovering the Classical economics of Ricardo. Keynes’s General Theory statement of …

Strategic Interactions And Gender Cues: Evidence From Social Preference Games, Hernán Bejarano, Matias Busso, Juan Francisco Santos

ESI Working Papers

This paper studies trust, reciprocity, and bargaining using a large-scale online experiment conducted in six Latin American countries. Participants played trust and ultimatum games under randomly assigned conditions in which the gender of their counterpart was either disclosed or withheld. On average, disclosing counterpart gender does not yield statistically detectable effects in either game. However, statistically significant differences emerge by participants' own gender: on average men exhibit higher levels of trust, reciprocity, and generosity in bargaining than women. When disaggregating by participant-counterpart gender pairings, point estimates differ in sign across groups but are generally imprecisely estimated, and differences between interacting …

What Do Americans Think About Federal Tax Options To Support Transportation? Results From Year Sixteen Of A National Survey, Asha Weinstein Agrawal, Hilary Nixon

Mineta Transportation Institute

This report summarizes the results from the sixteenth year of a national public opinion survey asking U.S. adults questions related to their views on federal transportation taxes. A nationally representative sample of 2,539 respondents completed the online survey from February 3 to February 27, 2025. The questions test public opinions about raising the federal gas tax rate, replacing the federal gas tax with a new mileage fee, and imposing a mileage fee just on commercial travel. In addition to asking directly about support for these tax options, the survey collected data on respondents’ views on the quality of their local …

The Economic Impact Of Drought On Alfalfa Price Formation And Irrigation Modernization Feasibility In The Western U.S., Saba Ardakani

All Graduate Theses and Dissertations, Fall 2023 to Present

This research examines how drought severity affects alfalfa hay prices across nine Western states from 2021 to 2024, using detailed economic analysis and market data. The findings show that droughts significantly raise alfalfa prices, especially when combined with other market and product factors such as forage quality and package, while other factors like corn prices also influence the market. Additionally, the research examines the economic potential of upgrading wheel-line irrigation systems with technologies such as low-pressure sprinklers and automated controls. Modernization substantially reduces water, labor, and energy costs while boosting crop yields, offering a practical solution for farmers. In Utah, …

Is Complexity Virtuous?, Ryan Elmore, Jack Strauss

Business Information and Analytics: Faculty Scholarship

(Kelly et al., 2024) show that increasing complexity in linear models, with potentially thousands of predictors, is "virtuous". Their work contradicts the dogma of model selection, including the Principles of Parsimony and Occam's Razor. They find that when the number of predictors far exceeds the number of observations, the bias-variance trade-off breaks down, the variance declines, and the Sharpe ratio increases. In the context of ridge regression, we find that very high complexity coupled with large penalty terms (excessive shrinkage) generate forecasts that converge to a rolling window of past returns. For example, we show the past twelve-month moving average …

Trade Dependency And Resilience: An Analysis Of Egypt’S Wheat Import Dynamics During The Russia-Ukraine War, Maha Elhini, Jomana M. Eiisa, Rasha Hammam

Economics

Purpose

Provided that Egypt is the world’s largest wheat importer, the conflict between its primary suppliers presents significant challenges to its trade stability and food security. This paper aims to investigate the impacts of the Russia–Ukraine (RU) war on Egypt’s trade dynamics, with a particular focus on wheat imports over the period 1995–2023.

Design/methodology/approach

The study uses the Fully Modified Ordinary Least Squares (FMOLS) model to estimate the relationship between macroeconomic variables and Egypt’s trade performance, as well as agricultural determinants and wheat import dynamics.

Findings

The empirical results show that Egypt’s GDP growth rate and its exchange rate have …

Financial Safety Nets, Bank Risk And Depositor Behaviour In Central And Eastern Europe, Dorota Skała

Journal of Banking and Financial Economics

We studied expansions in financial safety nets and their relation to bank risk and depositor behaviour in Central and Eastern Europe, using time-varying regulatory data. In general, we find that stronger deposit insurance and state aid granted to banks are linked with both bank risk and depositor behaviour. However, these relations critically depend on whether safety net instruments are used separately or simultaneously. When deposit insurance is strengthened or state aid is granted, we confirm the standard moral hazard behaviour of banks visible in higher bank risk. In parallel, we observe more elevated deposit growth, implying lower market discipline. Conversely, …

Connectedness Of Uncertainty, Volatility, And Stock Market Performance, Szczepan Urjasz

Journal of Banking and Financial Economics

This study examines the dynamic connectedness and spillover effects among various financial and economic indicators, including uncertainty indices, market volatility, and stock market indices, from 3 June 2008, to 30 December 2024. This interconnectedness implies that shocks originating in one market or asset class can rapidly transmit to others, underscoring the potential for systemic risk and financial contagion. The US emerges as a significant net transmitter of influence within the global financial system, with the VIX playing a crucial role in influencing global financial conditions. Major European equity markets also transmit influence, while the Geopolitical Risk Index (GRI) and the …

Intergenerational Transfers In A Tractable Overlapping-Generations Setting, James Feigenbaum, T. Scott Findley, Sepideh Raei

Economics and Finance Faculty Publications

Motivated by the Generation-Skipping Transfer Tax (GSTT) in the United States, we examine how varying estate tax rates by the heir’s age affects welfare. Methodologically, we introduce a parsimonious constant elasticity of substitution (CES) bequest utility that is markedly more tractable than the altruistic specifications commonly used in the literature, delivering closed-form optimal rules and transparent parameterization. Using this new framework, we provide a proof of concept showing how transfers from older to younger generations can enhance equilibrium welfare in a dynamically efficient economy à la Samuelson (1975). We embed the tractable bequest utility in a two-period overlapping-generations model with …

A Capital Idea? The Welfare Effects Of Relocating Indonesia’S Government To A New City, Alexander D. Rothenberg, Radine Rafols, Yao Wang, Yi Jiang

Center for Policy Research

Many developing countries are planning to create new capital cities, a place-making policy designed to alleviate congestion and respond to climate change. To evaluate growth and welfare effects, we specify a dynamic quantitative spatial model with public employment, informality, fiscal transfers, and frictions in trade and migration. We calibrate the model with data from Indonesia and conduct policy experiments studying the creation of Nusantara in East Kalimantan. Despite increasing employment in the new capital region, we find that building Nusantara reduces national growth and welfare. Climate change attenuates its negative welfare effects, but only slightly.

Regulating Privacy Policies On Digital Platforms, Michele Bisceglia, Alessandro Bonatti, Fiona Scott Morton

Cowles Foundation Discussion Papers

We study how privacy regulation affects menu pricing by a monopolist platform that collects and monetizes personal data. Consumers differ in privacy valuation and sophistication: naive users ignore privacy losses, while sophisticated users internalize them. The platform designs prices and data collection options to screen users. Without regulation, privacy allocations are distorted and naive users are exploited. Regulation through privacy-protecting defaults can create a market for information by inducing payments for data; hard caps on data collection protect naive users but may restrict efficient data trade.

South Carolina Reemployment Services And Eligibility Assessments (Resea) Randomized Controlled Trial Design Report, Gabrielle Pepin, Ethan Jenkins, Christopher J. O'Leary, Aaron Sojourner

Upjohn Institute Technical Reports

No abstract provided.

Immigration And The U.S. Economy Under Obama And Trump, Eliz Gevorgian

Political Science Student Research

This paper examines the economic effects of the United States' immigration policy under President Barack Obama and President Donald Trump. Between 2009 and 2017, the Obama administration introduced programs such as Deferred Action for Childhood Arrivals (DACA) and expanded access to student and work visas. These actions coincided with steady GDP growth averaging about 2 percent per year and a decline in unemployment from 9.9 percent in 2009 to 4.7 percent in 2016. The Trump administration, in office from 2017 to 2021, implemented more restrictive immigration measures, including the 2017 travel ban, reduced refugee admissions, increased H1B visa scrutiny, and …

Racial Capitalism And Whitelash: Trumpism And The Politics Of Oppression Redux–A New Normal Or Just New Perfume In An Old Bottle?, Bhoomi K. Thakore, J. Scott Carter, Cameron Lippard, David G. Embrick

Fast Capitalism

There is no question that Donald Trump’s actions in his second presidential term have many people bewildered, shocked, and frightened. What was deemed “not normal” in his first term in office has quickly become the “new normal.” In this paper, we argue that part of the explanation for the rise, and repeated rise, of Trumpism lies in Donald Trump’s ability to fuel and maintain a whitelash against the social progress of the 20th and early 21st century. Not only has Trumpism picked up on the “reverse racism” sentiments that have sprouted as a result of racial, gender, and social progress, …

“This Is Not Normal”: The Global Academy’S Resistance To Authoritarianism And Academic Capitalism, Catherine A. Labrenz, Christian Adeleke, Maria Lúcia T. Garcia, Aline Pandolfi, Mara Mattioni, Fabíola Xavier Leal, Marcela Nava

Fast Capitalism

Summary: In the wake of rising authoritarianism and neoliberal retrenchment, academic institutions across the globe are increasingly pressured to suppress dissent, sanitize curricula, and deprioritize justice-based scholarship. Drawing from responses to political repression in Brazil and Argentina, this paper connects present-day U.S. conditions to transnational histories of academic resistance.

Findings: We locate today’s institutional silencing within the broader logics of academic capitalism and authoritarian governance, emphasizing how compliance, rather than critical engagement, is becoming the new normal.

Applications: Drawing on radical traditions of academic and professional resistance from the Americas, we present lessons learned and action steps …

Front Matter, Fast Capitalism Editorial Team

Fast Capitalism

No abstract provided.

Frantz Fanon / Immanuel Wallerstein: Marxism, Capitalism, And The Now Uncertain World, Charles Lemert

Fast Capitalism

No abstract provided.

Full Issue, Fast Capitalism Editorial Team

Fast Capitalism

No abstract provided.

Masses, Platforms, And The New Data Domination: Repressive Desublimation Revisited, Raymond L.M. Lee

Fast Capitalism

The world now resembles a mosaic of platforms orchestrating subjective responses to myriad digital stimuli in everyday communication and conduct. People appear to find fulfillment mainly through intense engagement with platforms that thrive on data produced by online entanglements. This is a world society of data domination where power is derived from high-tech interconnectivity, focused on an interplay between technological innovations and mass distraction. Platforms are seen as digital monopolies banking on mass online participation for data extraction and control. In that sense, they foster new forms of desublimation that Herbert Marcuse would have regarded as a re-flowering of repressive …

Psychology, Philosophy, And The Practice Of Politics, Shimon Edelman

Fast Capitalism

No abstract provided.