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2015

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Articles 901 - 930 of 1621

Full-Text Articles in Economics

Analyzing Options Market Toxicity And The Black-Scholes Formula In The Presence Of Jump Diffusion As Simulated With Agent-Based Modeling, William D. Elliott Mar 2015

Analyzing Options Market Toxicity And The Black-Scholes Formula In The Presence Of Jump Diffusion As Simulated With Agent-Based Modeling, William D. Elliott

Undergraduate Economic Review

This paper presents new and significant research on the Black-Scholes Formula using the agent-based modeling software NetLogo. The software was used to simulate an options market subject to jump diffusion. Since the widely-used Black-Scholes Formula has at times proven unreliable, this research sought to understand circumstances that render the formula ineffective. It was hypothesized that markets would become difficult to trade in or “toxic” at low price volatility but high jump volatility. Further, it was predicted that kurtosis would alert the presence of toxic markets by accurately and consistently conveying whether jump diffusion was present.

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Inclusive Fitness And Differential Productivity Across The Life Course Determine Intergenerational Transfers In A Small-Scale Human Society, Paul L. Hooper, Michael Gurven, Jeffrey Winking, Hillard Kaplan Mar 2015

Inclusive Fitness And Differential Productivity Across The Life Course Determine Intergenerational Transfers In A Small-Scale Human Society, Paul L. Hooper, Michael Gurven, Jeffrey Winking, Hillard Kaplan

ESI Publications

Transfers of resources between generations are an essential element in current models of human life-history evolution accounting for prolonged development, extended lifespan and menopause. Integrating these models with Hamilton’s theory of inclusive fitness, we predict that the interaction of biological kinship with the age-schedule of resource production should be a key driver of intergenerational transfers. In the empirical case of Tsimane’ forager–horticulturalists in Bolivian Amazonia, we provide a detailed characterization of net transfers of food according to age, sex, kinship and the net need of donors and recipients. We show that parents, grandparents and siblings provide significant net downward transfers …

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Accelerate: Economic Development Strategy And Prosperity Plan For The I-69 Thumb Region, George Erickcek, Bryan Bommersbach, Don Edgerly, Brian Pittelko, Claudette Robey, Jim Robey Mar 2015

Accelerate: Economic Development Strategy And Prosperity Plan For The I-69 Thumb Region, George Erickcek, Bryan Bommersbach, Don Edgerly, Brian Pittelko, Claudette Robey, Jim Robey

Reports

Accelerate is the culmination of a collaborative planning process for a seven-county area spearheaded by the Flint & Genesee Chamber of Commerce and the Genesee Lapeer Shiawassee (GLS) Region V Planning & Development Commission, resulting in a coordinated Federal Economic Development Strategy and State Prosperity Plan. This document ties together the U.S. Economic Development Administration Comprehensive Economic Development Strategy (CEDS) and the Region 6 Prosperity plans into a single, unified plan expressing a shared economic vision for Shiawassee, Genesee, Lapeer, St. Clair, Tuscola, Huron, and Sanilac counties. Accelerate creates an economic roadmap for unified actions in the region leading to …

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Rodney Papers At Auc Robert W. Woodruff Library Mar 2015

Rodney Papers At Auc Robert W. Woodruff Library

Groundings

No abstract provided.

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Remembrances Mar 2015

Remembrances

Groundings

No abstract provided.

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Foundation News Mar 2015

Foundation News

Groundings

Updates from The Walter Rodney Foundations.

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How Europe Underdeveloped African At 40, Michael O. West Mar 2015

How Europe Underdeveloped African At 40, Michael O. West

Groundings

Michael O. West digests the impact of How Europe Underdeveloped Africa 40 years after its publication. He brings to the front the atmosphere that Rodney endured leading up to the publication of his seminal work.

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Memorable Moments Mar 2015

Memorable Moments

Groundings

We highlight some of the memorable moments of that members of the Foundation have experienced since the last issue.

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Announcement Of The Walter Rodney Press Mar 2015

Announcement Of The Walter Rodney Press

Groundings

Introduction to and announcement of The Walter Rodney Press, which recently republished The Groundings with My Brothers.

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Advertisement For The 12th Annual Walter Rodney Symposium Mar 2015

Advertisement For The 12th Annual Walter Rodney Symposium

Groundings

The poster for the 12th Annual Walter Rodney Symposium to be held March 20th and 21st, 2015.

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Notes On Ayotzinapa, Boca Floja Mar 2015

Notes On Ayotzinapa, Boca Floja

Groundings

Scholar and hip hop artist, Bocafloja, relates the current state of Mexico, specifically what has happened in Ayotzinapa.

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2nd Annual Walter Rodney Speakers Series (2014) Mar 2015

2nd Annual Walter Rodney Speakers Series (2014)

Groundings

We take a look at the semester-long project to bring together intellectuals from all backgrounds and educations. Included: A brief synopsis of the Series and a photo narrative

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11th Annual Walter Rodney Symposium Wrap Up Mar 2015

11th Annual Walter Rodney Symposium Wrap Up

Groundings

We take a look at the monumental occasion that was the 11th Annual Walter Rodney Symposium, held on March 21st and 22nd. Included: A brief synopsis of events and a photo narrative.

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Introduction Mar 2015

Introduction

Groundings

This is the Introduction for Groundings Vol. 1, Iss. 1

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Cover And Table Of Contents Mar 2015

Cover And Table Of Contents

Groundings

This is the Cover and Table of Contents for Groundings Vol. 2, Iss. 1

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Groundings Volume Two, Issue One Mar 2015

Groundings Volume Two, Issue One

Groundings

This is the full isee of Groundings Vol. 2, Iss. 1.

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A Framework For Measuring County Economic Resilience, Mulugeta Kahsai, Junbo Yu, Mark Middleton, Peter V. Schaeffer, Randall Jackson Mar 2015

A Framework For Measuring County Economic Resilience, Mulugeta Kahsai, Junbo Yu, Mark Middleton, Peter V. Schaeffer, Randall Jackson

Regional Research Institute Working Papers

The study provides a framework to develop economic resilience index for West Virginia counties based on the premise that county economic resilience depends on its physical and human resources, structure and diversity of its economic base (employment and income diversity), entrepreneurial activity and business dynamics and scale and proximity (spatial issues). Using 17 indicators along four of the six proposed dimensions, a preliminary economic resilience index has been created for West Virginia counties for the years 2000 and 2005. Geospatial maps are also developed to explore the evolution of the geographical patterns of economic resilience across time. The effectiveness of …

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Cost-Effectiveness As Energy Policy Mechanisms: The Paradox Of Technology-Neutral And Technology-Specific Policies In The Short And Long Term, Paulo Henrique De Mello Sant'ana Mar 2015

Cost-Effectiveness As Energy Policy Mechanisms: The Paradox Of Technology-Neutral And Technology-Specific Policies In The Short And Long Term, Paulo Henrique De Mello Sant'ana

Regional Research Institute Working Papers

When choosing policy mechanisms to design and deploy energy policies, policymakers typically seek cost-effective ones, linking cost effectiveness to the lowest cost of support for RES-E generation and/or consumer costs. The objectives of this paper are to analyze the cost-effectiveness of renewable portfolio standards (RPS), feed-in tariffs (FIT) and auctions in the short and long term, considering both technology-neutral and technology-specific approaches. Results show that RPS and auctions are more cost-effective than feed-in tariffs (FIT) in the short term if cost-effectiveness is defined as minimizing consumer costs. Also, if one or more emerging technologies with higher levelized life cycle costs …

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On The Political Economy Of Privacy: Information Sharing Between Friends And Foes, Roger D. Congleton Mar 2015

On The Political Economy Of Privacy: Information Sharing Between Friends And Foes, Roger D. Congleton

Economics Faculty Working Papers Series

No abstract provided.

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That Sweet Briar College: Canary In The Higher Ed Coal Mine Or Anomaly?, Michael Hemesath Mar 2015

That Sweet Briar College: Canary In The Higher Ed Coal Mine Or Anomaly?, Michael Hemesath

Administration Publications

No abstract provided.

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Working Paper No. 06, Towards A Veblenian Theory Of Economic Development: Drawing From Imperial Germany, Cesar Maldonado Mar 2015

Working Paper No. 06, Towards A Veblenian Theory Of Economic Development: Drawing From Imperial Germany, Cesar Maldonado

Working Papers in Economics

This inquiry summarizes and analyzes Thorstein Veblen’s explanations for Imperial Germany’s rapid industrialization. In his book Imperial Germany and the Industrial Revolution, Thorstein Veblen introduces a comprehensive understanding of processes affecting economic development. Technology transfer, human capital and state intervention are the variables that transformed an agrarian feudal Germany into industrialized Imperial Germany. Instead of developing technology over time by trial and error, Germany just transferred already established technology to their country. Since Germany had no established institution they could set up the most modern technologies. The machine process of the industrial system renders it easy to train workers …

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Corn Use In South Dakota, Henry Brown, Matthew Diersen Mar 2015

Corn Use In South Dakota, Henry Brown, Matthew Diersen

Economics Commentator (1972- 2016)

No abstract provided.

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Oregon Highway Cost Allocation Study: Carbon Tax Issue Paper, Portland State University. College Of Urban And Public Affairs. Northwest Economic Research Center Mar 2015

Oregon Highway Cost Allocation Study: Carbon Tax Issue Paper, Portland State University. College Of Urban And Public Affairs. Northwest Economic Research Center

Northwest Economic Research Center Publications and Reports

The basic insight behind carbon pricing is not new, and is based in mainstream economic theory. If market interactions are leading to the overuse of resources outside of the market, imposing a price on the overused resource will bring it into the market and increase efficiency. Currently, the negative impacts associated with the release of carbon through fossil fuel combustion is not incorporated into the market. By imposing a price on carbon, fossil fuel consumers are incentivized to reduce their fuel usage. This reduction in fuel demand is not necessarily associated with lower economic output. In fact, depending on the …

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Mega-Regional Trade, Joshua Meltzer Mar 2015

Mega-Regional Trade, Joshua Meltzer

Brookings Scholar Lecture Series

This lecture will discuss the impact of the Trans Pacific Partnership negotiations and the Transatlantic Trade and Investment Partnership negotiations on U.S. economic competitiveness and leadership in Asia and Europe. This will lead into a discussion of large Free Trade Areas (FTA), or groups of countries that have few or no price controls in the form of tariffs or quotas between each other. FTAs allow the agreeing nations to focus on their comparative advantages and to produce the goods they are comparatively more efficient at making, thus increasing the efficiency and profitability of each country. We will explore the impact …

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Timothy Ong [Brunei, Chairman Of Asia Inc Forum], Timothy Ong Mar 2015

Timothy Ong [Brunei, Chairman Of Asia Inc Forum], Timothy Ong

Digital Narratives of Asia

Timothy Ong is Chairman of Asia Inc Forum, a regional platform for policy and business dialogue which he set up after the failure of his magazine Asia Inc. Mr Ong talks openly to DNA about the Asia Inc episode and how he learned from those mistakes to build a stronger, better company. He also shares his impressions of leaders he has met through his work at Asia Inc Forum.

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Ethics And Public Relations: A Good Outcome From A Bad Source?!, Michael Hemesath Mar 2015

Ethics And Public Relations: A Good Outcome From A Bad Source?!, Michael Hemesath

Administration Publications

No abstract provided.

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Innovation Adoption By Forward-Looking Social Learners, Mira Frick, Yuhta Ishii Mar 2015

Innovation Adoption By Forward-Looking Social Learners, Mira Frick, Yuhta Ishii

Cowles Foundation Discussion Papers

We build a model studying the effect of an economy’s potential for social learning on the adoption of innovations of uncertain quality. Provided consumers are forward-looking (i.e., recognize the value of waiting for information), we show how quantitative and qualitative features of the learning environment affect observed adoption dynamics, welfare, and the speed of learning. Our analysis has two main implications. First, we identify environments that are subject to a “saturation effect,” whereby increased opportunities for social learning can slow down adoption and learning and do not increase consumer welfare, possibly even being harmful. Second, we show how differences in …

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The Impact Of Affirmative Action On The Employment Of Minorities And Women Over Three Decades: 1973-2003, Fidan Ana Kurtulus Mar 2015

The Impact Of Affirmative Action On The Employment Of Minorities And Women Over Three Decades: 1973-2003, Fidan Ana Kurtulus

Upjohn Institute Working Papers

What role has affirmative action played in the growth of minority and female employment in U.S. firms? This paper analyzes this issue by comparing the employment of minorities and women at firms holding federal contracts and therefore mandated to implement affirmative action, and at noncontracting firms, over the course of three decades spanning 1973–2003. It constitutes the first study to comprehensively document the long-term impact of affirmative action in federal contracting on the U.S. employment landscape. The study uses a new panel data set of over 100,000 large private-sector firms across all industries and regions, obtained from the U.S. Equal …

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Signed Peer Reviews As A Means To Improve Scholarly Publishing, Linwood H. Pendleton Mar 2015

Signed Peer Reviews As A Means To Improve Scholarly Publishing, Linwood H. Pendleton

Journal of Ocean and Coastal Economics

Peer review is a necessary process with a long history of complaints, including over-solicitation of a small number of reviewers, delays, inadequate numbers of reviewers, and a lack of incentives to provide strong reviews or avoid reviews with little helpful information for the author. In the era of Web-based distribution of research, through working paper or project reports, anonymous peer reviews are much less likely. The Journal of Ocean and Coastal Economics will use signed peer reviews and an open communication process among authors, reviewers, and editors. This approach, to be developed over time, should lead to stronger communication of …

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The Journal Of Ocean And Coastal Economics: An Introduction And Invitation, Charles S. Colgan Mar 2015

The Journal Of Ocean And Coastal Economics: An Introduction And Invitation, Charles S. Colgan

Journal of Ocean and Coastal Economics

The Journal of Ocean and Coastal Economics publishes research, literature reviews, and application reports that use the theories and methods of economics to shape the understanding of oceans and their resources, and coastal regions. The Journal is intended for a broad audience of scholars and practitioners in economics and ocean and coastal management. "Oceans" includes the major oceans, bays, and estuaries, but other definitions may be proposed. Articles addressing both economic values and the measurement of economic activity in "ocean industries" are included, along with articles addressing the economy of coastal regions. The Journal uses an open peer review system …

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