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Social and Behavioral Sciences Commons

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The College of Wooster

Business Economics

Articles 1 - 3 of 3

Full-Text Articles in Social and Behavioral Sciences

Legalization Of Prostitution And Its Impact On The Market For Human Trafficking, Varunavi Newar Jan 2016

Legalization Of Prostitution And Its Impact On The Market For Human Trafficking, Varunavi Newar

Senior Independent Study Theses

No abstract provided.


The Effects Of Hospital Consolidation On Hospital Financial Performance And The Potential Trade-Off Of Hospital Consolidation For Society, Aaron W. Mckee Jan 2014

The Effects Of Hospital Consolidation On Hospital Financial Performance And The Potential Trade-Off Of Hospital Consolidation For Society, Aaron W. Mckee

Senior Independent Study Theses

This study examines the impact of hospital consolidation on the financial performance of consolidating hospitals. In doing so, this study also addresses the potential trade-off of hospital consolidation for society between decreased competition and improved efficiency. Based on economic theory, we hypothesize that hospital consolidation leads to an improvement in hospital financial performance by decreasing competition, which allows consolidating hospitals to charge higher prices, and by increasing efficiency, which lowers the costs of providing a given level of services for consolidating hospitals. Furthermore, we hypothesize that consolidation produces a competition/efficiency trade-off for society, as illustrated by the Williamson Trade-Off Model. …


Does The Trend Need A Mend? The Effects Of Herding Behavior On The Returns To Higher Edcuation, Amy K. French Jan 2014

Does The Trend Need A Mend? The Effects Of Herding Behavior On The Returns To Higher Edcuation, Amy K. French

Senior Independent Study Theses

Using the human capital model, supplemented by a preference framework focusing on utility maximization, this paper examines the decision making process of the individual when considering enrollment in higher education. The study applies a theory of herding behavior to the investment decision, arguing that individuals use the decisions of others who have gone before them as signals to reduce information costs and to aid in their own decision making process. The paper further discusses the possibility of this behavior leading to irrational investment decisions. Herding behavior will likely lead to an increase in the supply of highly educated workers, perhaps …