Economics Commons^™

The Atp World Tour: How Do Prize Structure And Game Format Affect The Outcome Of A Match?, Carolina Salge

All Theses

Income differences are normally explained by theory in terms of marginal productivity. However, how can one explain salary enormous jump when a vice-president is promoted into a CEO position? It would be too naive for one to believe his/her productivity increased at the same rate as his/her salary. Differences in wage in terms of relative performance is what economists call tournament theory. What we normally see is that workers are underpaid when they enter a company, and then become overpaid after a promotion. The main point behind such theory is that beginners work hard in order to enjoy the fat …

The Role Of Commitment In Bilateral Trade, Dino Gerardi, Johannes Hörner, Lucas Maestri

Cowles Foundation Discussion Papers

This paper solves for the set of equilibrium payoffs in bargaining with interdependent values when the informed party makes all offers, as discounting vanishes. The seller of a good is informed of its quality, which affects both his cost and the buyer’s valuation, but the buyer is not. To characterize this payoff set, we derive an upper bound, using mechanism design with limited commitment. We then prove that this upper bound is tight, by showing that all its extreme points are equilibrium payoffs. Our results shed light on the role of different forms of commitment on the bargaining process. In …

Economic Implications Of Anti-Americanism, Brenda Jennifer Bee

Renée Crown University Honors Thesis Projects - All

This capstone project is a multidisciplinary investigation into a problem that has surfaced with the rise of globalization. It explores the negative sentiments in Europe towards Americans, their recent history, and future implications. It was designed to be multidisciplinary because of the complexity of the issue at hand. It stretches from political to anthropological, both in the context of communications and economics and finally their synergistic affect in fostering certain feelings in different European nations about the American way of life. I show how certain negative feelings can change behavior and preferences for American goods and services and how it …

The Influence Of New Medications On Prescribing Behavior By Practice Type: A Regression Analysis, Rita M. Pattarini

Renée Crown University Honors Thesis Projects - All

Objective: To determine whether the type of practice to which physicians belong influences the types of medications they prescribe

Methods: The study used data from the National Ambulatory Medical Care Survey (NAMCS) to conduct a series of regressions for two pairs of medications. The first pair was for the treatment of high cholesterol. Advicor was the new medication and Lovastatin was the competitor. The second pair was for the treatment of arthritis. Humira was the new medication and Remicade was the competitor. For each pair, there were two sets of regressions that consisted of an unrestricted regression with all patients …

Chinese Job Growth And Workers’ Injury Compensation In China, Ann O'Neill

Renée Crown University Honors Thesis Projects - All

Over the past decade, the PRC has made dramatic changes to its labor contract laws, corporate laws, and social welfare system in an effort to improve workers' wellbeing and decrease the impact of rights violations on the public healthcare system and national budget. This paper seeks to determine the effect of changes in social welfare policy made in 2003 on workplace injuries and illness in light of the domestic job growth that took place at that time. In 2003, changes in marketplace behavior, corporate law, and enterprise management policy led to a trend break in employment, wages, and insurance coverage …

Do Ct Scans Help Prevent Cancer-Related Deaths?, Auyon J. Ghosh

Renée Crown University Honors Thesis Projects - All

This paper uses a region-level estimation approach associated with medical procedures to identify the effectiveness of X-ray Computed Axial Tomography (CT) scans as a diagnostic tool in preventing cancer-related deaths. In order to measure the effects of the CT scan on cancer-related deaths, I use data from both the National Health Interview Survey and the Vital Statistics of the United States. For all four regions, we observe an increase in CT scan use after 1979 or, as illustrated specifically in the figure, from 1975 to 1980. All four regions exhibit marked increases in lung cancer-related deaths, very little fluctuation in …

America In Recovery: Tracking And Analyzing The Obama Stimulus During 2009, Gregory Cassel

Renée Crown University Honors Thesis Projects - All

This paper tracks and analyzes the American Recovery and Reinvestment Act (ARRA) of 2009, better known as the Obama stimulus plan during the 2009 year. As one of the most expensive public policies in history, the ARRA was designed to turn around an ailing economy by creating and preserving jobs, investing in key areas, providing relief to States and individuals, and tax cuts. Thus, it is important and useful to track the policy in order to see if it is doing what it is supposed to. Using federal agency Financial and Activity Reports, I create detailed graphs showing where the …

The Effects Of Winning A Basketball National Championship On Admission Factors, Daniel Weistrop

Renée Crown University Honors Thesis Projects - All

Collegiate sports attract a lot of attention and money. Many universities are sponsored by high powered sportswear and equipment companies including Nike and Adidas. Furthermore, CBS, Fox, and Disney participate in multimillion dollar media deals to exclusively cover a variety of sporting events featuring mainly collegiate basketball and football.

This is best demonstrated by the television coverage that respective sports receive. For example, CBS is in the midst of an 11 year, $6 billion contract that will pay the National Collegiate Athletic Association approximately $545 million per year to carry the NCAA basketball tournament. The NCAA basketball tournament is held …

The Interrelation Of Box Office Results How Does One Weekend’S Movie Attendance Affect The Next?, Drew Sullivan

Renée Crown University Honors Thesis Projects - All

In this paper, I attempted to determine the relationship between a movie’s box office success and the immediate timing of its release. Considering the large investment that needs to be made in producing and distributing a major motion picture, a full understanding of the factors that affect its success is vital. One factor that has been historically underexplored is the impact of movies that are directly competing with each other at the box office. This has been due to limitations in data. However, using publicly available data I was able to put together a dataset that looked at box office …

Booms, Busts, And Gambling: Can Gaming Revenues Reduce Budget Volatility?, Brad R. Humphreys, Victor Matheson

Economics Department Working Papers

Over the past 20 years, state and provincial governments in North America have expanded legal gambling opportunities to consumers. One of the primary policy goals of this expansion of gambling opportunities has been to increase government revenues. Gambling is an attractive source of new government revenues because consumers are relatively insensitive to the implicit “tax” rate imposed on gambling activities and gambling is a voluntary activity, only those who chose to gamble are subject to this implicit tax. In this paper, we document the contribution that gambling revenues make to state and provincial tax receipts, and the extent to which …

The Labor Market Effects Of The Salt Lake City Winter Olympics, Robert Baumann, Bryan Engelhardt, Victor Matheson

Economics Department Working Papers

The local, state, and federal governments, along with the Salt Lake City Organizing Committee, spent roughly $1.9 billion in direct costs related to planning and hosting the 2002 Winter Olympic Games. In this paper, we investigate whether these expenditures increased employment. At the state level, we find strong evidence it increased employment in leisure related industries in the short run and potentially in the long run. However, the results indicate it had no long term impact on employment in retail trade or in the overall economy.

The Omaha Site: Migrant Civil Society Under Construction Series On Latino Immigrant Civic Engagement, Lourdes Gouveia, Jonathan Benjamin-Alvarado, Yuriko Doku, Alejandra Toledo, Sergio Sosa

Latino/Latin American Studies Reports

Omaha was one of nine cities in the United States chosen by the Woodrow Wilson Center for International Scholars to explore immigrant civic and political participation. Lourdes Gouveia and the OLLAS team, along with Sergio Sosa of the Heartland Workers Center, produced this bilingual report based on interviews and a round table with broad-based participation by the immigrant and Latino community.

Omaha es una de las nueve ciudades en los Estados Unidos que fué escogida por el Centro Internacional Woodrow Wilson para Académicos con el fin de examinar la participación cívica y política de los migrantes. Lourdes Gouveia con el …

Homo Economicus: Alive And Diversified In The Economic Research Program, Bradley R. Turner

Renée Crown University Honors Thesis Projects - All

This paper seeks to (1) offer a conceptual overview of the methodology of science research programs (MSRP) of Imre Lakatos; (2) apply the framework of that methodology to the neoclassical theory of Gary S. Becker; and (3) explore a quantitative-driven, atheoretical alternative, which challenges the view that there can be or should be any body of theoretical economics. The MSRP framework is used in an instrumental manner in the pursuit of a lucid and interesting historical analysis. The pros and cons of Becker’s approach are presented in the tradition of instrumentalism, and in light of recent discussion of economics imperialism. …

Forex Market Behaviour : Application Of High Frequency Data., Tan Heng Kiat

Student Works (2010-2019)

The huge and high frequency trading in foreign exchange market creates the need for an analytical method that can provide a view on the volatility. Traditional methods such as GARCH are proven to have limitations when applied to high frequency data, such as those generated in foreign exchange market.In this thesis, wavelet method is applied to high frequency data of EURO/USD, GBP/USD and YEN/USD currency pairs and of one minute resolution. The period of this behavioral study is from one hour before 1pm GMT to one hour after 1pm GMT for every Mondays from June 2008 to Dec 2008. The …

Efe-Sponsored* Data Collection Activities, Kevin Hollenbeck

Reports

No abstract provided.

Wholesalers And Retailers In Us Trade, Andrew B. Bernard, J. Bradford Jensen, Stephen J. Redding, Peter K. Schott

Dartmouth Scholarship

International trade models typically assume that producers in one country trade directly with final consumers in another. In the real world, of course, trade can involve long chains of potentially independent actors who move goods through wholesale and retail distribution networks. These networks likely affect the mag-nitude and nature of trade frictions and hence both the pattern of trade and its welfare gains. To promote further understanding of how goods move across borders, this paper examines the extent to which US exports and imports flow through wholesalers and retailers versus “pro-ducing and consuming” firms. We highlight a number of stylized …

Voluntary Green Power Market Forecast Through 2015, Lori Bird, Ed Holt, Jenny Sumner, Claire Kreycik

Publications (E)

Voluntary markets for renewable energy in which consumers purchase renewable energy from their electricity providers or from renewable energy certificate (REC) marketers have existed for more than a decade. Going forward, various factors will influence the development of these markets, including potential climate policies, state and federal renewable portfolio standards (RPS), renewable energy prices, the level of consumer interest in purchasing green power, and the interest on the part of utilities in offering new green options and in continuing to promote existing programs.

This report presents estimates of voluntary market demand for renewable energy or green power through 2015. The …

Intrafirm Trade And Product Contractibility, Andrew B. Bernard, J. Bradford Jensen, Stephen J. Redding, Peter K. Schott

Dartmouth Scholarship

No abstract provided.

The Effect Of Clock Rule Changes In College Football 2005-2008, Joseph Joy

All Theses

Rules can be seen everywhere in our lives. Rules also govern the sports we play. This paper will examine the effects of recent clock rule changes in college football, specifically 2005-2008. These rules seem to have served their purpose, but in doing so, they have created an unfortunate by-product that acts as a negative externality on the competitiveness of the game.

The Regulatory Roots Of The 2007 Financial Crisis, Jane Coetsee

All Dissertations

ABSTRACT
The rate of home ownership in the US had remained around 65% since the end of the Second World War. Between 1994 and 2006 the rate of home ownership climbed to 69%. In 2006, the combined assets of the top 5 bank holding companies were $6 trillion. Between 2007 and 2009 almost $2 trillion of bank assets evaporated as widespread mortgage defaults triggered a crisis. The pressing question is why were so many bad loans originated in the first place and what induced firms and investors to hold them? The primary mortgage market is intensely regulated and the secondary …

(Wp 2010-11) The Benefits Of Environmental Improvement: Estimates From Space-Time Analysis, John I. Carruthers, David E. Clark, Robert N. Renner

Economics Working Papers

This paper develops estimates of environmental improvement based on a two-stage hedonic price analysis of the single family housing market in the Puget Sound region of Washington State. The analysis — which focuses specifically on several EPA-designated environmental hazards and involves 226,918 transactions for 177,303 unique properties that took place between January 2001 and September 2009 — involves four steps: (i) ten hedonic price functions are estimated year-by-year, one for each year of the 2000s; (ii) the hedonic estimates are used to compute the marginal implicit price of distance from air release, superfund, and toxic release sites; (iii) the marginal …

May Roundtable: The Downfall Of Human Rights? Introduction

Human Rights & Human Welfare

An annotation of:

“The Downfall of Human Rights” by Joshua Kurlantzick. Newsweek. February 19, 2010.

Three Essays On Environmental- And Spatial-Based Valuation Of Urban Land And Housing, Lu Liu

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

This dissertation attempts to provide a comprehensive examination on the non-market valuation of the effect of open space amenities and local public infrastructure on the value of urban land and housing with both spatial heterogeneity and project heterogeneity. The demand for raw land is a derived demand for housing built on it. Therefore, we need to examine the land market and the housing market together. On the one hand, we estimate the value of urban land in a market that does not satisfy the usual assumptions of a competitive market structure as well as incentive incompatibility issues for transaction participants, …

Three Essays In Forward Rate Unbiasedness Hypothesis, Devalina Chatterjee

All Graduate Theses and Dissertations, Spring 1920 to Summer 2023

The objective of this dissertation is to verify and explain the forward exchange rate unbiasedness hypothesis in the foreign exchange market. Since in most of the cases the unbiasedness hypothesis fails to hold, we try to provide three different explanations of this puzzling behavior in the three essays. The first essay tries to resolve the forward premium puzzle by addressing the model misspecification issue and thereby adding a time-varying risk premium term in the percentage change specification. The risk premium term is modeled using the GARCH-M representation and the model is estimated by applying a GARCH (1, 1) specification. The …

Essays On Export Destination Decisions And Spillovers From Inward Fdi: Evidence From Chilean Manufacturing Plants, Ivan A. Duran Diaz

Dissertations

This dissertation examines the relationship between destination country characteristics and Chilean firm characteristics on the export destination decisions of Chilean firms. Additionally, it explores the impact generated by inward foreign direct investment (FDI) on Chilean firms' export decisions, wages, and productivity.

For the first study, a random coefficients logit approach is employed to model export likelihood to a particular destination country. From this, estimates of export substitution elasticities among destination countries are obtained, given changes in some of their macroeconomic variables such as GDP. Both destination country and the Chilean firms' characteristics are shown to be relevant in the export …

Unemployment Insurance And The Role Of Retained Earnings From Part-Time Work, Chris Hocker

Economics

No abstract provided.

Estimation Of Bidder Valuations In An Fcc Spectrum Auction, Jungwon Yeo

Research Collection School Of Economics

The Federal Communications Commission (FCC) uses auctions to allocate radio spectrum frequencies to wireless service providers. The innovation of the auction design is that it offers many heterogeneous licenses simultaneously in one ascending auction. This paper develops an empirical model and procedure to estimate bidder valuations. Given that the complex nature of the auction does not admit formal modeling in a general setting, I do not explore a particular model of equilibrium bidding. Instead, I propose two revealed preference inequalities which should hold in any reasonable model of these auctions. The first inequality requires that a bidder never bids on …

Applicant Screening And Performance-Related Outcomes, Fali Huang, Peter Cappelli

Research Collection School Of Economics

A fundamental problem faced by employers is how to elicit effort from employees. Most economic models suggest that employers meet this challenge by monitoring employees carefully to prevent shirking. But there is another option that relies on heterogeneity across employees, and that is to screen job candidates to find workers with a stronger work ethic who require less monitoring. We might therefore expect employers who screen candidates more intensively to monitor them less. Using data from a national sample of US employers, we find that employers who screen applicants more intensively for factors that should predict work ethic also monitor …

On Domains That Admit Well-Behaved Strategy-Proof Social Choice Functions, Shurojit Chatterji, Remzi Sanver, Arunava Sen

Research Collection School Of Economics

In this paper, we investigate domains that admit “well-behaved” strategy-proof social choice functions. We show that if the number of voters is even, then every domain that satisfies a richness condition and admits an anonymous, tops-only, unanimous and strategy-proof social choice function, must be semi-single-peaked. Conversely every semi-single-peaked domain admits an anonymous, tops-only, unanimous and strategy-proof social choice function. Semi-single-peaked domains are generalizations of single-peaked domains on a tree introduced by Demange (1982

Optimal Monetary Policy In A Model With Recursive Preferences, Sungbae An

Research Collection School Of Economics

This paper provides a simple and elegance approach for an empirical investigation of a model with Epstein-Zin (1989) preferences. The perturbation method implemented in Dynare is readily applicable for computation of equilibrium and welfare. A stylized new Keynesian economy with sticky prices is analyzed and optimal simple rules are accessed across various types of monetary policy rules.