Economics Commons^™

Cost Scale-Up Factors For Airport Construction, Donald S. Remer, Christopher Wong '96

All HMC Faculty Publications and Research

Engineers must often make a quick "ballpark" cost estimate of a new plant, facility, or piece of equipment before the detailed design phase. One easy way to obtain such an estimate is to base the cost on a known cost for a similar plant, facility, or piece of equipment by using the ratio of the capacities or sizes of the known and proposed item raised to an exponent R. This predesign cost-estimating approach is especially useful for doing sensitivity analyses and feasibility studies for which a high degree of accuracy is not required. This cost-capacity or power-factor model was …

Kentucky Annual Economic Report 1996, Mark C. Berger, Michael A. Webb, Richard W. Furst, Steven N. Allen

Kentucky Annual Economic Report

No abstract provided.

1996 American Incentive System Almanac, Don P. Diffine Ph.D.

Belden Center Monographs

No abstract provided.

Interest Rate Differentials, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A., PhD. (n.d.). Bilateral interest rate differentials: U.S. – Japan [Unpublished graph].

• Shaikh, A., PhD. (n.d.). U.S. exchange rate policy rules of thumb [Unpublished graph].

• Shaikh, A., PhD. (n.d.). Interest rate differentials: U.S. – trading partners (long term and short term) [Unpublished graph].

Monopolistic Competition Revisited, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Chamberlin, E. H. (1951, November). Monopolistic competition revisited. Economica, 18(72), 343–362.

• Shaikh, A. (1992, July 29). Patinkin on bonds [Handwritten notes]. Universidad Complutense cursos de verano stationery.

• Shaikh, A. (1996, July 14). Finance, expenditure and effective demand (File: c:\macroec\effdd02.wpd) [Unpublished manuscript].

• Shaikh, A. (1996, June 18). Finance, expenditure and effective demand (File: c:\macroec\effdd01.wpd) [Unpublished manuscript].

• Shaikh, A. (1996, September 15). Patinkin: “Walras’ law” [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1993, October 18). Foundations of macro models [Handwritten course notes for ECO 2105]. Unpublished manuscript.

• Shaikh, A. (n.d.). Flex-price model …

Growth Lectures, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A., PhD. (1982, October). Growth lectures [Handwritten notes; unpublished manuscript].

• Shaikh, A., PhD. (1998, September 24). Module on the foundations of growth theory [Reading list; unpublished manuscript].

• Shaikh, A., PhD. (1982, October 15). Kalecki’s political aspects of full employment [Handwritten notes; unpublished manuscript].

• Shaikh, A., PhD. (1991, November 21). Possibilities of growth in a capitalist economy: Historical overview [Diagram; unpublished manuscript].

• Shaikh, A., PhD. (n.d.). Growth, Marx, and Harrod [Handwritten notes; unpublished manuscript].

• Shaikh, A., PhD. (1996, May 28). Buenos Aires II: Growth, effective demand, crises [Handwritten notes; unpublished manuscript]. …

Preference For Information, Simon Grant, Atsushi Kajii, Ben Polak

Cowles Foundation Discussion Papers

What is the relationship between an agent’s attitude towards information, and her attitude towards risk? If an agent always prefers more information, does this imply that she obeys the independence axiom? We provide a substitution property on preferences that is equivalent to the agent (intrinsically) liking information in the absence of contingent choices. We use this property to explore both questions, first in general, then for recursive smooth preferences, and then in specific recursive non-expected utility models. Given smoothness, for both the rank dependence and betweenness models, if an agent is information-loving then her preferences can depart from Kreps and …

Learning And Strategic Pricing, Dirk Bergemann, Juuso Välimäki

Cowles Foundation Discussion Papers

We consider the situation where a single consumer buys a stream of goods from different sellers over time. The true value of each seller’s product to the buyer is initially unknown. Additional information can be gained only by experimentation. For exogenously given prices the buyer’s problem is a multi-armed bandit problem. The innovation in this paper is to endogenize the cost of experimentation to the consumer by allowing for price competition between the sellers. The role of prices is then to allocate intertemporally the costs and benefits of learning between buyer and sellers. We examine how strategic aspects of the …

The Effects Of Family Planning On Malnutrition In Bangladesh, Ridwan Al-Rahman

Masters Theses

Some of the best historical and archeological evidence has claimed that about a million years was required for the human race to reach the 250 million mark by the beginning of the Christian era. Pestilence, famine and war had then reduced the population increase to a tiny fraction of 1% per year, requiring 16 centuries for the world population to double to 500 million. However, by 1850, 250 years later, the population doubled to the one billion mark. As of 1993, approximately one and a half centuries later, the world population stood at about 5.5 billion. According to United Nations …

Poverty And Rural Policy In South Africa, Malose Hilton Ledwaba

Masters Theses

Poverty in South Africa is a rural and urban problem. It is endemic to the rural environment where the majority of the people live. It is transferred to the urban areas through labor migration.

Rural people depend on agriculture for subsistence. Apart from subsistence farming there are no employment opportunities. The choice for a rural young man is to be a subsistence farmer or a migrant laborer. The industrial sector is unable to offer a job for everyone. Thus, the rural migrant’s dream of a city job often becomes an unemployment nightmare.

I argue, therefore, that poverty can best be …

Wage And Employment Effects Of The North American Free Trade Agreement On The U.S. Manufacturing Sector, Abm Ekramul Nasir

Masters Theses

According to the conventional theories of international trade, trade liberalization equalizes factor prices across countries involved in trade. The North American Free Trade Agreement (NAFTA) is a newer form of regional economic integration between a developing country, Mexico, and two developed countries, the United States and Canada. Complying with proposition of conventional theories, it is rational to expect that NAFTA will lead to equalization of factor prices among theses three countries. On the other hand, the existence of a wide gap in wages between the United States and Mexico may lead to lower wages in the U.S.A. This study, however, …

Money Demand Determination In China, Jiang Wu

Masters Theses

This paper provides an estimation of the money demand in China using a basic theoretical framework based on the quantity theory of money. Besides conventional independent variables included in the quantity theory of money, both the expected rate of inflation (serving as the measure of the opportunity cost of holding money) and the extent of monetization in China (serving as an institutional variable) are included in the money demand function. It is supposed that changes in the demand for money in China between 1952 to 1989 were highly correlated with the institutional shifts in monetary sector.

Time And Money, Martin Shubik

Cowles Foundation Discussion Papers

General equilibrium is timeless, and without outside money, the price system is homogeneous of order zero. Some finite horizon strategic market game models are considered with an initial issue of flat money held as an asset. For any arbitrary finite horizon, the solution is time-dependent. In the infinite horizon, time disappears with the initial issue of flat money present as circulating capital in the fully stationary state and the price level is determined.

Notes On Flow Of Funds Accounts, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Anwar Shaikh. (1996, January). Notes on flow of funds accounts [Unpublished typed notes]. New York, NY: Author.

Structural Adjustment, Stabilization Policies And The Poor In Egypt, Karima Korayem

Faculty Books

Structural adjustment and stabilization agreements between Egypt and the International Monetary Fund and the World Bank were signed in 1991. The two agreements are referred to as the economic reform and structural adjustment program (ERSAP). To examine the impact of ERSAP on Egypt's poor , one has to define, first, who are the poor and what is their relative share in the population. The negative impact of ERSAP on the society as a whole will be less harmful if absolute and relative poverty are small in Egypt. ERSAP affects the poor through three channels: prices, incomes, and the provision of …

Manufacturing's Role In The Growth Of An Industrialized Mature Economy, James F. Gill

Masters Culminating Experiences (1993-2011)

Manufacturing is the primary driver of major wealth formation and competitiveness in every significant economy. Therefore, it would appear that the more dominant role in manufacturing plays in overall Gross Domestic Product (GDP), the greater is the annual comparative growth rate of the economy. Manufacturing is 19 percent of GDP for the United States, 30 percent for Japan, 31 percent for Korea, and 35 percent for Germany, as of 1987.

The term "manufacturing" as used here does not include construction, mining, forestry, fishing and other similar activities. There are two general definitions (See footnote, OECD/2/World Bank. U.N. SNA).

This paper …

Labor Law, Industrial Relations And Employee Choice: The State Of The Workplace In The 1990s: Hearings Of The Commission On The Future Of Worker-Management Relations, 1993-94, Richard N. Block, John Beck, Daniel H. Kruger

Upjohn Press

Block, Beck and Kruger present detailed examples from the testimony given during the Commission on the Future of Worker-Management Relations (commonly called the Dunlop Commission) national and regional hearings. The Commission, by hearing from a wide range of stakeholders, sought to define the state of industrial relations and labor law in the U.S. during the 1990s. Because the Commission's final reports were concerned with policy matters, they only briefly summarized the testimony. This volume draws deeply from the testimony, citing many examples that clearly illustrate the wide variety of relationships between workers and management today. In addition, it shows how …

Workdays, Workhours And Work Schedules: Evidence For The United States And Germany, Daniel S. Hamermesh

Upjohn Press

Hamermesh presents the first comprehensive evidence explaining how days of work, hours of work, and daily schedules are determined in the U.S. and Germany. Using an instantaneous approach to looking at unique data sets for each country, Hamermesh provides comparative analyses on factors influencing both employees' and employers' work schedules. This technique allows him to offer a new "snapshot" perspective on work scheduling that clarifies the role of fixed costs of getting to work and of adding workdays to plant schedules. He also increases our understanding of the relation between work time and the determination of employment, and presents findings …

Of Heart And Mind: Social Policy Essays In Honor Of Sar A. Levitan, Garth L. Mangum Editor, Stephen L. Mangum Editor

Upjohn Press

The essays in this volume, authored by close friends, associates and students of Sar Levitan, pay tribute to the enduring mark he left on the field of social policy. The book is loosely organized around the method of analysis taught and practiced by Levitan: identifying problems through the examination of facts, developing a thorough understanding of institutions, assessing institutional policies, and evaluating policy options.

Teen Mothers And Their Educational Attainment: Some Evidence From The National Longitudinal Survey Of Youth, Michael Seeborg, Risa Kumazawa

Scholarly Publications

This study uses the National Longitudinal Survey of Youth to estimate the effects of teenage motherhood on the educational attainment of young women. The results of an OLS regression with interaction terms demonstrate that the effects of teenage motherhood on education depends on the socio-economic background of the mother. Estimations show that young women from economically advantaged backgrounds sacrifice more than one year of education as a result of teenage motherhood while those from disadvantaged backgrounds sacrifice little, if any, education. Statistically significant interactions are found between teenage motherhood and several background characteristics. (J13, J24)

The Economic Analysis Of Advanced Capitalism, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (n.d.). Small ex ante macromodel: K/S version [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (n.d.). Lavoie [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (2001, January). The economic analysis of advanced capitalism II [Syllabus for Economics 205]. Unpublished manuscript.

• Appendix on nonlinear dynamical systems (p. 27) [Typed document page]. (n.d.).

• Shaikh, A. (1995, July 20). Aggregate demand–demand theories [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1995, July 24). Aggregate demand–demand theories [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (n.d.). Finance and expenditure with government [Handwritten notes]. Unpublished manuscript.

• Shaikh, A. (1995, February …

Wage Subsidies As A Labour Market Policy Tool, Lok Sang Ho

Centre for Public Policy Studies : CPPS Working Paper Series

In this paper, the author argues that the wage subsidy is a valuable policy tool in the face of structural changes such as would result from the removal of tariffs, or in the face of a need to assist the disadvantaged or redress distributional inequity. After discussing wage subsidies that target at specific segments of the population, which has the potential to improve both static and dynamic efficiency, the author goes on to discuss and contrast his universal wage subsidy proposal with the negative income tax and the minimum wage legislation, all of which are designed mainly for distributional purposes.

Interest Rate Elasticity And Consumer Bank Accounts: A Case Analysis Of Bank One Dayton, N.A., William Paul Martin

Masters Culminating Experiences (1993-2011)

This study is an econometric analysis of three consumer banking accounts from Bank One Dayton, N.A., the Total Demand account, Total Savings account and Time Deposits Account. The elasticity of demand with respect to interest rates of the savings and time deposit accounts is determined using multiple regression modeling and analysis. Other variables that are significant determinants of the balances of each account are also presented.

An analysis of the regression results for the Time Deposits Model indicates that the demand for the Bank One Dayton time deposit accounts (certificate of deposit accounts) is significantly elastic with respect to interest …

Telecommunications And Economic Development, Mohammed Mahbubur Rahman

Masters Culminating Experiences (1993-2011)

The thesis examines the relationship between telecommunications development and economic activity of nations. The findings confirm the previously established hypothesis that the causality of the relationship between these two factors exists in both directions. That is the development of economic activity at any point in time influences the development in telecommunications at a later point in time- and the development in telecommunications at any point in time also influences the economic activity at a later point in time. The major economic principle behind such significant correlation of telecommunications and economic development is that telecommunications helps reduce the transaction cost in …

Innovation In A Production Function By Combining Theory Of Constraints And Kanban Scheduling Techniques, David Charles Maley

Masters Culminating Experiences (1993-2011)

The following documents how I have been working to make agile manufacturing a reality at Whirlpool Corporation, the largest producer of home appliances in the world. Together with a Dayton, Ohio design team, I designed a quick response production process for a new range manufacturing plant. Several innovations made possible a significant improvement in manufacturing flexibility and order response time which will give the firm a competitive advantage in the market, leading to increased profits. The facility was constructed in Tulsa, Oklahoma and is now in production.

Dr. Eliyahu Goldratt's Theory of Constraints served as the foundation of the production …

Economic Growth Performance Of Selected Countries, Wuguang Yan

Masters Culminating Experiences (1993-2011)

This paper reviews economic growth theories and studies the East - Asian economic growth characteristics. The descriptive analysis shows that the high performance Asian Economies(the HPAEs) have been experiencing continued rapid per capita income growth for over two decades. They have enjoyed the high savings rates, high investment rates, low population growth rates as well. The living standard of these countries tends more and more closer to the U.S. standard. Compare to the Latin American countries, the HPAEs’ achievement is very impressive.

The statistical analysis performed in this paper also offers the insights of the relationship between per capita GDP …

The All-Pay Auction With Complete Information, Michael R. Baye, Dan Kovenock, Casper G. De Vries

Economics Faculty Articles and Research

In a (first price) all-pay auction, bidders simultaneously submit bids for an item. All players forfeit their bids, and the high bidder receives the item. This auction is widely used in economics to model rent seeking, R&D races, political contests, and job promotion tournaments. We fully characterize equilibrium for this class of games, and show that the set of equilibria is much larger than has been recognized in the literature. When there are more than two players, for instance, we show that even when the auction is symmetric there exists a continuum of asymmetric equilibria. Moreover, for economically important configurations …

Collected Findings And Recommendations, 1994-1996, U.S. Advisory Council On Unemployment Compensation

External Papers and Reports

No abstract provided.

Exploratory Spatial Data Analysis Linking Spacestat And Arcview, Luc Anselin, Shuming Bao

Regional Research Institute Working Papers

No abstract provided.

Estimating Interregional Price Indexes: Opportunities And Pitfalls, Laura A. Blanciforti

Regional Research Institute Working Papers

Many economists recognize the importance of accounting for retail price variation when comparing standards of living between geographic areas. Such indexes are used to allocate education funds, for calculating income transfers, and in relocation decisions. Currently, public policy shows a trend toward giving states more control over the distribution of federal monies through block grant programs. However, many states do not have a system for measuring price variations and use the US CPI or an index for a major city within their state to estimate cost of living variation within a state. They do not account for the tastes and …