Economics Commons^™

Differences In Cognitive Reflection Mediate Gender Differences In Social Preferences, Antonio M. Espín, Valerio Capraro, Brice Corgnet, Simon Gächter, Roberto Hernán-González, Praveen Kujal, Stephen Rassenti

ESI Working Papers

Previous studies have shown that women tend to be more egalitarian and less self-interested than men whereas men tend to be more concerned with social efficiency motives. The roots of such differences, however, remain unknown. Since different cognitive styles have also been associated with different distributional social preferences, we hypothesise that gender differences in social preferences can be partially explained by differences in cognitive styles (i.e., women rely more on intuition whereas men are more reflective). We test this hypothesis meta-analytically using data from seven studies conducted in four countries (USA, Spain, India, and UK; n=6,910) where cognitive reflection and …

Strategically Revealing Intentions In General Lotto Games, Keith Paarporn, Rahul Chandan, Dan Kovenock, Mahnoosh Alizadeh, Jason R. Marden

ESI Working Papers

Strategic decision-making in uncertain and adversarial environments is crucial for the security of modern systems and infrastructures. A salient feature of many optimal decision-making policies is a level of unpredictability, or randomness, which helps to keep an adversary uncertain about the system’s behavior. This paper seeks to explore decision-making policies on the other end of the spectrum – namely, whether there are benefits in revealing one’s strategic intentions to an opponent before engaging in competition.We study these scenarios in a well-studied model of competitive resource allocation problem known as General Lotto games. In the classic formulation, two competing players simultaneously …

Culture, Institutions & The Long Divergence, Alberto Bisin, Jared Rubin, Avner Seror, Thierry Verdier

ESI Working Papers

During the medieval and early modern periods the Middle East lost its economic advantage relative to the West. Recent explanations of this historical phenomenon— called the Long Divergence—focus on these regions’ distinct political economy choices regarding religious legitimacy and limited governance. We study these features in a political economy model of the interactions between rulers, secular and clerical elites, and civil society. The model induces a joint evolution of culture and political institutions converging to one of two distinct stationary states: a religious and a secular regime. We then map qualitatively parameters and initial conditions characterizing the West and …

A Simple Measure Of Economic Complexity, Sabiou M. Inoua

ESI Working Papers

Contrary to conventional economic growth theory, which reduces a country’s output to one aggregate variable (GDP), product diversity is central to economic development, as recent, “economic complexity”, research suggests. A country’s product diversity reflects its diversity of knowhow or “capabilities”. Researchers proposed the Economic Complexity Index (ECI) and the country Fitness index to estimate a country’s number of capabilities from international export data; these measures predict economic growth better than conventional variables such as human capital. This paper offers a simpler measure of a country’s knowhow, Log Product Diversity (or LPD, the logarithm of a country’s number of products), which …

The Art Of Concession In General Lotto Games, Rahul Chandan, Keith Paarporn, Dan Kovenock, Mahnoosh Alizadeh, Jason R. Marden

ESI Working Papers

Success in adversarial environments often requires investment into additional resources in order to improve one’s competitive position. But, can intentionally decreasing one’s own competitiveness ever provide strategic benefits in such settings? In this paper, we focus on characterizing the role of “concessions” as a component of strategic decision making. Specifically, we investigate whether a player can gain an advantage by either conceding budgetary resources or conceding valuable prizes to an opponent. While one might na¨ıvely assume that the player cannot, our work demonstrates that – perhaps surprisingly – concessions do offer strategic benefits when made correctly. In the context of …

Three Essays In Applied Econometrics: Agricultural And Energy Economics, Kuan-Ming Huang

Graduate Theses, Dissertations, and Problem Reports (ETD)

This dissertation examines three empirical issues in energy and agricultural economics using econometrics models whose titles are: 1) Do Natural Hazards in the Gulf Coast Still Matter for State-Level Natural Gas Prices in the US? Evidence After the Shale Gas Boom; 2) Do Exploitations of Marcellus and Utica Shale Formations Improve Regional Economy in Ohio, Pennsylvania, and West Virginia? A Synthetic Control Analysis; and 3) How Did Covid-19 Impact US Household Food Spending? An Analysis Six Months In.

The first essay assesses the impact of natural hazards on state-level natural gas prices and evaluates the effects of the shale gas …

Three Essays In Applied Urban Economics, Alexander Cardazzi

Graduate Theses, Dissertations, and Problem Reports (ETD)

The first chapter examines the effect of policing strategies on housing prices. Crime has been shown to negatively affect housing values. However, there is not much empirical evidence documenting the amenity value of how people are policed. Stop & Frisk was a particularly salient policing tactic employed in New York City until a judge ruled it to be unconstitutional. This chapter uses exogenous variation in Stop & Frisk behavior resulting from landmark events in a federal class action lawsuit as well as exposure to Operation Impact, a high intensity policing strategy, to explain variation in property sales. Results indicate a …

Economics Of Covid-19 Reading List, Sara Gundersen

Economics Faculty Publications

Reading list for The Economics of COVID-19, taught in Fall 2020

Economics Of Covid-19 Reading List, Sara Gundersen

Economics Faculty Publications

Reading list for The Economics of COVID-19, taught in Fall 2020

Economics Of Covid-19 Project 1 Macroeconomics, Sara Gundersen

Economics Faculty Publications

This is the first project from The Economics of COVID-19, taught in fall 2020. It focuses on macroeconomics.

Economics Of Covid-19 Project 1 Macroeconomics, Sara Gundersen

Economics Faculty Publications

This is the first project from The Economics of COVID-19, taught in fall 2020. It focuses on macroeconomics.

Economics Of Covid-19 Project 2 Policy, Sara Gundersen

Economics Faculty Publications

This contains the second project for The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 Project 2 Policy, Sara Gundersen

Economics Faculty Publications

This contains the second project for The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 Project 3 Interview And Industry Analysis, Sara Gundersen

Economics Faculty Publications

This contains the third project for The Economics of COVID-19, which was taught in fall 2020. The project involves an interview and industry analysis.

Economics Of Covid-19 Project 3 Interview And Industry Analysis, Sara Gundersen

Economics Faculty Publications

This contains the third project for The Economics of COVID-19, which was taught in fall 2020. The project involves an interview and industry analysis.

Economics Of Covid-19 In Class Work 1 Macroeconomic Data, Sara Gundersen

Economics Faculty Publications

This contains the first in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 2 Recession Dating, Sara Gundersen

Economics Faculty Publications

This contains the second in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 2 Recession Dating, Sara Gundersen

Economics Faculty Publications

This contains the second in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 2 Recession Dating, Sara Gundersen

Economics Faculty Publications

This contains the second in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 4 Cares Act Preview, Sara Gundersen

Economics Faculty Publications

This contains the fourth in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 4 Cares Act Preview, Sara Gundersen

Economics Faculty Publications

This contains the fourth in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 4 Cares Act Preview, Sara Gundersen

Economics Faculty Publications

This contains the fourth in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 5 Other Country, Sara Gundersen

Economics Faculty Publications

This contains the fifth in class handout from The Economics of COVID-19, which was taught in fall 2020.

The Conservatism Principle And Asymmetric Preferences Over Reporting Errors, Jivas Chakravarthy, Timothy W. Shields

ESI Working Papers

At present, accounting conservatism is generally viewed from a measurement or reporting perspective. In contrast, we consider whether it relates to a moral rule of conduct. Conservatism has been described as deriving from a preference for reporting errors to be in the direction of understatement rather than overstatement. We experimentally pair Reporters who provide information with Users who rely on the information. We posit that under misaligned incentives that motivate aggressive reporting, Users view an aggressive report as reflecting Reporters’ exploitative intent and expect that a social norm prohibiting aggressive reporting applies. We predict that Users use noisy reporting errors …

Economics Of Covid-19 In Class Work 6 Fiscal Policy, Sara Gundersen

Economics Faculty Publications

This contains the sixth in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 6 Fiscal Policy, Sara Gundersen

Economics Faculty Publications

This contains the sixth in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 7 Covid-19 And Gender, Sara Gundersen

Economics Faculty Publications

This contains the seventh in class handout from The Economics of COVID-19, which was taught in fall 2020.

Organic Production Of Livestock And Livestock Products In Nebraska, Elliott James Dennis

Extension Farm and Ranch Management News

First paragraph:

USDA “Certified Organic” is a form of production that has received considerable public attention in the last 10 years, particularly among small, beginning and/or minority farmers. Spiking retail prices for red meat and poultry have seemingly accelerated consumer’s interest in organic locally produced products. Consumers demonstrate their desire for these products by paying premiums when purchasing meat products. Producers receive premiums by either directly marketing live animals to consumers that are custom harvested or marketing animals to meat wholesalers. The primary difference is the way premiums are captured. Producers doing custom harvesting capture the full premium whereas producers …

Economics Of Covid-19 In Class Work 8 Covid-19 And Race Part 1, Sara Gundersen

Economics Faculty Publications

This contains the eighth in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 8 Covid-19 And Race Part 1, Sara Gundersen

Economics Faculty Publications

This contains the eighth in class handout from The Economics of COVID-19, which was taught in fall 2020.