Open Access. Powered by Scholars. Published by Universities.®

Economics Commons™

Open Access. Powered by Scholars. Published by Universities.®

2005

Discipline
Institution
Keyword
Publication
Publication Type
File Type

Articles 451 - 480 of 703

Full-Text Articles in Economics

The Paradox Of Championships: Be Careful What You Wish For, Sports Fans, Victor Matheson, Robert Baade Feb 2005

The Paradox Of Championships: Be Careful What You Wish For, Sports Fans, Victor Matheson, Robert Baade

Economics Department Working Papers

This paper examines issues related to the economic impact of sports championships on the local economy of host cities. While boosters frequently claim a large positive effect of such championships, a closer examination leads to the conclusion that the impact is likely much smaller than touted and may even be negative.

Go to article

Holding Accountability Programs Accountable, John Yinger Feb 2005

Holding Accountability Programs Accountable, John Yinger

Center for Policy Research

It’s Elementary is a series of essays on topics in education and education policy. The main focus is on education finance in New York State, but general research findings in education and education policy issues in several other states are also discussed. John Yinger, Professor of Economics and Public Administration at the Maxwell School, Syracuse University is the author of most of these essays, although a few are written by or co-authored with other scholars.

Go to article

Targeting Relative Inflation Forecast As Monetary Policy Framework For Adopting The Euro, Lucjan T. Orlowski Feb 2005

Targeting Relative Inflation Forecast As Monetary Policy Framework For Adopting The Euro, Lucjan T. Orlowski

WCBT Faculty Publications

This study proposes relative inflation forecast targeting as an operational framework of monetary policy for adopting the euro by the EU new Member States. This strategy assumes containing differentials between the domestic and the eurozone inflation forecasts as an operational target. A model prescribing the RIFT framework is presented along with a set of appropriate policy indicator variables and instrument rules. The proposed framework advances the strategy based on relatively strict inflation targeting that is currently pursued by some NMS. Several ARCHclass tests in various functional forms are employed for providing preliminary empirical evidence on convergence of inflation differentials relative …

Go to article

A Fuzzy Programming Approach For Portfolio Management In Banks, Noha El Sayed Ahmed Ibrahim Feb 2005

A Fuzzy Programming Approach For Portfolio Management In Banks, Noha El Sayed Ahmed Ibrahim

Archived Theses and Dissertations

No abstract provided.

Go to article

Traditional Regional Economic Indicators, Robert Sadowski Feb 2005

Traditional Regional Economic Indicators, Robert Sadowski

All Maxine Goodman Levin School of Urban Affairs Publications

This report is the second in a series from the Center for Economic Development (Center) at Cleveland State University’s Maxine Goodman Levin College of Urban Affairs as part of its regional economic indicators project.1 The project’s objective is to provide a comprehensive benchmarking of Greater Cleveland’s economy against other metropolitan areas across the nation. To achieve this objective, the Center is planning to analyze a broad set of economic indicators in several themes to construct a broad-based economic profile of the region. This will allow for an objective determination of areas in which Cleveland and northeast Ohio lead or lag …

Go to article

Northeast Ohio Economic Brief, Ziona Austrian Feb 2005

Northeast Ohio Economic Brief, Ziona Austrian

All Maxine Goodman Levin School of Urban Affairs Publications

No abstract provided.

Go to article

Analysis Of Labor Participation Behavior Of Korean Women With Dynamic Probit And Conditional Logit, Myoung-Jae Lee, Yoon-Hee Tae Feb 2005

Analysis Of Labor Participation Behavior Of Korean Women With Dynamic Probit And Conditional Logit, Myoung-Jae Lee, Yoon-Hee Tae

Research Collection School Of Economics

We analyse the dynamic labour participation behaviour of Korean women. State dependence under unobserved heterogeneity is considered, where the heterogeneity may be unrelated, pseudo-related, or arbitrarily related to regressors. Three minor methodological contributions are made: interaction terms with lagged response are allowed in dynamic conditional logit; a three-stage algorithm for dynamic probit is proposed; and treating the initial response as fixed is shown to be ill-advised. The state dependence is about 0.6 × SD(error), higher for the married or junior college-educated, and lower for women in their twenties and thirties. While education increases participation, college education has negative effects for …

Go to article

Household Demand, Network Externality Effects And Intertemporal Price Discrimination, Winston T. H. Koh Feb 2005

Household Demand, Network Externality Effects And Intertemporal Price Discrimination, Winston T. H. Koh

Research Collection School Of Economics

This paper examines the optimality of intertemporal price discrimination when network externality effects are present in the consumption of a durable good. We conduct our study in two settings. In a model with two household types, utilities are dependent on the cumulative proportion of households that have purchased the durable good. Next, in a model with a continuum of household types, we extend the analysis to the case where households consume both a durable good and a stream of non-durable goods. We show that in both settings, the presence of network externalities facilitates a sales strategy with intertemporal price discrimination. …

Go to article

Investing In Real Estate: Mortgage Financing Practices And Optimal Holding Period, Winston T. H. Koh, Edward H. K. Ng Feb 2005

Investing In Real Estate: Mortgage Financing Practices And Optimal Holding Period, Winston T. H. Koh, Edward H. K. Ng

Research Collection School Of Economics

Real estate investments are typically characterized by high degrees of leverage and long loan tenures. In perfect capital markets, leverage has no impact on the investment decision apart from tax considerations. However, the mortgage financing market is imperfect in many countries. In the presence of market imperfections, an optimal holding period exists for real property investments. We provide a simple rule to calculate the optimal holding period is to compare the required rate of return with the leveraged rate of return on equity.

Go to article

Report Of The Committee On Fare Review Mechanism, Sock Yong Phang Feb 2005

Report Of The Committee On Fare Review Mechanism, Sock Yong Phang

Research Collection School Of Economics

Today, public transport fares are reviewed annually and adjustments, if any, are capped by the “CPI + X” formula, where CPI is the change in the Consumer Price Index over the previous year and X accounts for the net effect of wage changes after deducting productivity gains. For the period from 2001 to 2005, X was determined to be 1.5%. While this mechanism has worked well in keeping public transport fares affordable, the formula lacks transparency and is not easily understood by the general public. Commuters often question the need for the “X” element given that the public transport operators …

Go to article

Theses & Papers By Master's Degree Students In The Department Of Economics: 2004, Matthew Diersen, Larry Janssen Jan 2005

Theses & Papers By Master's Degree Students In The Department Of Economics: 2004, Matthew Diersen, Larry Janssen

Economics Commentator (1972- 2016)

No abstract provided.

Go to article

New Mexico Labor Market Review 01-31-2005, New Mexico Department Of Labor Jan 2005

New Mexico Labor Market Review 01-31-2005, New Mexico Department Of Labor

Historic Publications

The New Mexico Labor Market Review is a monthly publication presenting statistical data and analysis on labor market conditions throughout New Mexico. Issues examine statewide and regional trends in employment, unemployment, labor force estimates, industry activity, wages, occupational demand, and related economic conditions, often accompanied by feature articles on topics affecting the state’s economy. This issue covers December 2004.

Go to article

Corporate Governance In The Financial Sector, Ishrat Husain Dr. Jan 2005

Corporate Governance In The Financial Sector, Ishrat Husain Dr.

Faculty Research - Talks, Speeches, & Discourse

I would like to address the following four questions in my presentation this morning: (a) Why do we require Corporate Governance in the Financial Sector? (b) What does Good Governance Involve? (c) What has been done so far in Pakistan? (d) What are the Challenges Ahead? Why do we require Corporate Governance in the Financial Sector? Corporate Governance has become critical for all entities and, therefore, the codes of Corporate Governance or legislations are being adopted increasingly by the organized sectors in the developed and developing countries. However, there are some additional reasons that are unique to the financial sector …

Go to article

Globalization - Challenges To Pakistan Economy: Role Of The State Bank Of Pakistan, Ishrat Hussain Dr. Jan 2005

Globalization - Challenges To Pakistan Economy: Role Of The State Bank Of Pakistan, Ishrat Hussain Dr.

Faculty Research - Talks, Speeches, & Discourse

Globalization - The Phenomena: Presently the term "Globalization" has gained an emotive tinge. Few believe it as an inevitable and irreversible process that will catapult future world economic development; others discern it with antagonism and fear that it will thwart social progress in the context of developing countries, creating enhanced disparity within and between nations, creating unemployment and poorer living standards.

Go to article

Investor Risk Aversion And The Weekend Effect: The Basics, Michael T. Young Jan 2005

Investor Risk Aversion And The Weekend Effect: The Basics, Michael T. Young

All Faculty Scholarship for the College of Business

This paper provides an explanation of the continued persistence of the weekend effect. Using the 23 non-holiday Wednesday closings of 1968 as a benchmark, it is postulated that negative Monday returns can be explained by risk averse investors reacting to the arrival of new information.

Go to article

Bearing The Costs Of Human-Wildlife Conflict: The Challenges Of Compensation Schemes, Philip J. Nyhus, Steve A. Osofsky, Paul Ferraro, H Fischer, Francine Madden Jan 2005

Bearing The Costs Of Human-Wildlife Conflict: The Challenges Of Compensation Schemes, Philip J. Nyhus, Steve A. Osofsky, Paul Ferraro, H Fischer, Francine Madden

Faculty Scholarship

No abstract provided.

Go to article

The Adequacy Of Health Care Services For The Elderly In China, Lexi Funk Jan 2005

The Adequacy Of Health Care Services For The Elderly In China, Lexi Funk

Undergraduate Research Symposium (UGRS)

This study examines the adequacy of health care services for the elderly in China, specifically focusing on the influence of location, method of payment, living situation, and financial status. The study finds that rural residents, respondents living alone and respondents unable to meet all of their daily costs have a lower probability of reporting the availability of adequate health care. It also investigates the reasons why elderly respondents do not visit the hospital when it is necessary, concluding that financial and distance constraints are main deterrents. Finally, changes in the reported adequacy of health care over time are taken into …

Go to article

Three (Potential) Pillars Of Transnational Economic Justice: The Bretton Woods Institutions As Guarantors Of Global Equal Treatment And Market Completion, Robert C. Hockett Jan 2005

Three (Potential) Pillars Of Transnational Economic Justice: The Bretton Woods Institutions As Guarantors Of Global Equal Treatment And Market Completion, Robert C. Hockett

Cornell Law Faculty Publications

This essay aims to bring two important lines of inquiry and criticism together. It first lays out an institutionally enriched account of what a just world economic order will look like. That account prescribes, via the requisites to that mechanism which most directly instantiate the account, three realms of equal treatment and market completion - the global products, services, and labor markets; the global investment/financial markets; and the global preparticipation opportunity allocation. The essay then suggests how, with minimal if any departure from familiar canons of traditional international legal mandate interpretation, each of the Bretton Woods institutions - particularly the …

Go to article

Roosevelt’S Monetary Policy, Steven Napier Jan 2005

Roosevelt’S Monetary Policy, Steven Napier

Theses, Dissertations and Capstones

This qualitative analysis of the monetary policies of Franklin D. Roosevelt and his administration covers his entire presidency. Through scholarly research based on arguments presented in major scholarly publications, great questions are raised as to the primary causes of the economic successes of the Roosevelt administration. Some of the most conservative and reputable scholars in history, while disagreeing with most of the measures taken by Roosevelt to regulate the economy, agree that the goals by the administration to raise the prices of basic commodities was generally achieved. The thesis demonstrates that almost all of FDR’s economic successes were the direct …

Go to article

Value Of A Statistical Life: Relative Position Vs. Relative Age, Thomas J. Kniesner, W. Kip Viscusi Jan 2005

Value Of A Statistical Life: Relative Position Vs. Relative Age, Thomas J. Kniesner, W. Kip Viscusi

Economics - All Scholarship

This paper examines the influence on estimates of the value of statistical life (VSL) of the worker's relative position in the wage distribution and relative position in the life cycle. Whereas past work on relative position effects in the labor market have been based on illustrative hypothetical examples, this paper develops empirical tests using actual market behavior. To test for the effect of relative wage position, we use two different measures: the individual's wage rank in the state and the wage rank by gender in the state. Using the CPS coupled with constructed BLS fatality risk measures by industry and …

Go to article

Capital Democratization, Robert Ashford Jan 2005

Capital Democratization, Robert Ashford

College of Law - Faculty Scholarship

Although, the ideas underlying binary economics were first published in 1958 (Kelso and Adler), the many books and papers that discuss the subject, with the exception of Kane (2000) and Kurland (2001), do not utilize conventional economics language. To facilitate the teaching of binary economics in beginning and intermediate college courses in economics and business, the paper explains some major microeconomic and macroeconomic fundamentals of binary economics by utilizing conventional neo-classical economic models. It then compares the theoretical results reached in a non-binary economic environment to those that may be reached in a binary one. The most important result from …

Go to article

Free Riding In Noncooperative Entry Deterrence With Differentiated Products, Dan Kovenock, Suddhasatwa Roy Jan 2005

Free Riding In Noncooperative Entry Deterrence With Differentiated Products, Dan Kovenock, Suddhasatwa Roy

Economics Faculty Articles and Research

We examine free riding and underinvestment in noncooperative entry deterrence in the Gilbert and Vives (1986) model with differentiated products. Our analysis proves that for products that are differentiated enough, when both entry allowing and entry deterring equilibria coexist, the symmetric entry deterring equilibrium may Pareto dominate the entry equilibrium. Hence, "coordination failure" underinvestment in entry prevention can occur. However, as claimed, the overinvestment result of Gilbert and Vives remains robust to moderate amounts of product differentiation. We also show that coordination failure underinvestment arises in a wide variety of entry deterrence models and does not rely on assumptions regarding …

Go to article

Risk-Cost-Benefit Analysis Of Atrazine In Drinking Water From Agricultural Activities And Policy Implications, Aklilu A. Tesfamichael, Arthur J. Caplan, Jagath J. Kaluarachchi Jan 2005

Risk-Cost-Benefit Analysis Of Atrazine In Drinking Water From Agricultural Activities And Policy Implications, Aklilu A. Tesfamichael, Arthur J. Caplan, Jagath J. Kaluarachchi

Applied Economics Faculty Publications

This study provides an improved methodology for investigating the trade‐offs between the health risks and economic benefits of using atrazine in the agricultural sector by incorporating public attitude to pesticide management in the analysis. Regression models are developed to predict finished water atrazine concentration in high‐risk community water supplies in the United States. The predicted finished water atrazine concentrations are then used in a health risk assessment. The computed health risks are compared with the total economic surplus in the U.S. corn market for different atrazine application rates using estimated demand and supply functions developed in this work. Analysis of …

Go to article

The Lingnan Commentary - January 2005 (No. 10), Hong Kong Institute Of Business Studies, Lingnan University Jan 2005

The Lingnan Commentary - January 2005 (No. 10), Hong Kong Institute Of Business Studies, Lingnan University

The Lingnan Commentary 嶺南評論 : A Quarterly Review of Economic, Business and Social Issues by Lingnan University

No abstract provided.

Go to article

The Distribution Of Money Balances And The Nonneutrality Of Money, Aleksander Berentsen, Gabriele Camera, Christopher Waller Jan 2005

The Distribution Of Money Balances And The Nonneutrality Of Money, Aleksander Berentsen, Gabriele Camera, Christopher Waller

Economics Faculty Articles and Research

Recent monetary models with explicit microfoundations are made tractable by assuming that agents have access to centralized markets after one round of decentralized trade. Given quasi-linear preferences, this makes the distribution of money degenerate — which keeps the models simple but precludes discussion of distributional effects of monetary policy. We generalize these models by assuming two rounds of trade before agents can readjust their money holdings to study a range of new distributional effects analytically. We show that unexpected, symmetric lump-sum money injections may increase short-run output and welfare, while asymmetric injections may increase long-run output and welfare.

Go to article

Rhode Island Current Conditions Index -- January 2005, Leonard Lardaro Jan 2005

Rhode Island Current Conditions Index -- January 2005, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Go to article

Bodies And Landscapes Of Control In The Neoliberal City, Kerwin Kaye Jan 2005

Bodies And Landscapes Of Control In The Neoliberal City, Kerwin Kaye

Center for LGBTQ Studies (CLAGS)

With many still feeling the effects of a post-election depression, around forty people attended CLAGS's panel "Bodies and Landscapes of Control in the Neoliberal City" on November 16th. The panel sought to examine the concrete ways in which neoliberal policy re(shapes) the urban landscape and the relationship between these macroeconomic factors and the construction and deployment of erotic identities and experiences.

Go to article

The Effects Of Malpractice Tort Reform On Defensive Medicine, Heather M. O'Neill, Katherine D. Hennesy Jan 2005

The Effects Of Malpractice Tort Reform On Defensive Medicine, Heather M. O'Neill, Katherine D. Hennesy

Business and Economics Faculty Publications

Medical malpractice crises occur across states to differing degrees, thus the proposed changes in state tort reforms differ accordingly. The primary overt goals of tort reform aim to address: rising medical malpractice insurance rates, increased frequency and severity of awards, and the increased incidence of doctors shuttering offices or fleeing states due to untoward malpractice environments. A secondary goal of tort reform is to reduce health care costs attributed to malpractice costs. Clearly, as malpractice tort reforms are debated in state capitols and reforms take place, the effects of the reforms on the goals above can be examined. However, there …

Go to article

Memo On Binary Economics To Attorneys For Women And People Of Color Re: What Else Can Public Corporations Do For Your Clients?, Robert Ashford Jan 2005

Memo On Binary Economics To Attorneys For Women And People Of Color Re: What Else Can Public Corporations Do For Your Clients?, Robert Ashford

College of Law - Faculty Scholarship

One important duty of lawyers is to assist clients in identifying and securing their essential rights, responsibilities, and opportunities. One important purpose of legal education is to enable lawyers to assist clients and society in identifying and securing essential rights, responsibilities, and opportunities. This Article describes one opportunity (based on an approach to economics called "binary economics" first proposed by Louis Kelso), rarely advanced by counsel, that may offer women and people of color, public corporations, and their shareholders benefits far greater than expectations based on the mainstream economic theories (classical, neoclassical, and Keynesian) usually employed to evaluate economic policy …

Go to article

Discussion: Narrow Money, Broad Money, And The Transmission Of Monetary Policy, Gregory Hess Jan 2005

Discussion: Narrow Money, Broad Money, And The Transmission Of Monetary Policy, Gregory Hess

CMC Faculty Publications and Research

Monetary policy and theory have been greatly transformed since Dale Henderson, Richard Porter, and Peter Tinsley (HPT) first crossed the Board's threshold more than thirty years ago. Judging from the sustained levels of robust growth and moderate rates of inflation in the United States since the early 1980s, both theory and policy have moved in a welfare-improving direction. The dramatic evolution of monetary policy during HPT's tenure simply cannot be overstated. A revolution took place during their watch, and as the custodians and facilitators of research at the Federal Reserve Board, these three amigos should certainly take some credit.

Go to article

First Prev Next Last