Economics Commons^™

Creating Jobs For Women: U.S. Experience, Randall W. Eberts

Presentations

No abstract provided.

The Financial Dialogue In The Development Of Medical Treatment Plans, Christopher D. Busack, Ms3, Bethany Fox, Ms3

The Medicine Forum

As patients face increasingly high out-of-pocket costs and difficulties navigating the healthcare system, failing to discuss available treatment options in financial terms can lead to grave consequences for patients. Medical bills are responsible for the majority of bankruptcies in the United States. Given the severe financial implications of medical bills, it is imperative that patients become more involved in discussions of their treatment plans and become aware of the costs of their decisions up front. Counseling about costs ensures that physicians avoid placing a debilitating financial burden on patients and maintain adherence to the ethical principle of non-maleficence. Various studies …

An Event Study Of Patent Verdicts And Judicial Leakage, Bryan Engelhardt, Zachary Fernandes

Economics Department Working Papers

To check for the impartiality of the United States judicial system, we investigate whether judicial decisions are leaked prior to their public release. Utilizing an event study methodology, we test for leaked information by analyzing the effect of patent infringement verdicts on the stock prices of the firms involved before and after the public release of the verdict. We find evidence that at least some of the decisions are leaked prior to their public release.

Strip Clubs, “Secondary Effects,” And Residential Property Prices, Taggert J. Brooks, Brad R. Humphreys, Adam Nowak

Economics Faculty Working Papers Series

The "secondary effects" legal doctrine allows municipalities to zone, or otherwise regulate, sexually oriented businesses. Negative "secondary effects" (economic externalities) justify limiting First Amendment protection of speech conducted inside strip clubs. One example of a secondary effect, cited in no fewer than four United States Supreme Court rulings, is the negative effect of strip clubs on the quality of the surrounding neighborhood. Little empirical evidence that strip clubs do, in fact, have a negative effect on the surrounding neighborhood exists. To the extent that changes in neighborhood quality are reflected by changes in property prices, property prices should decrease when …

Visual Brand Identity Of Food Products: A Customer’S Perspective, Panagiota Moutaftsi Ms, Panagiotis Kyratsis Dr

Journal of Applied Packaging Research

Purpose – The aim of this research is to explore the benefits of a customer based approach on food packaging design. A case study of a small production honey brand is used.

Design/methodology/approach – For the design process, a survey that involved visual elements was conducted as an online questionnaire. The final size of the sample consists of 285 questionnaires.

Findings – The research findings indicate that packaging is a great influencer for consumers and the synergy of consumers with companies can be a catalyst for the product design process resulting in package designs, which engage potential customers and drive …

The Effect Of Maternal Employment On Child Obesity, Bezawit T. Agiro

International Journal of African Development

Abstract

Obesity has been a major concern for the United States and most other industrialized countries over the past few decades. More than one third of children and adolescents in the United States are obese or overweight. Child obesity is of particular interest because overweight children are more likely to be overweight as adults, and such adults are exposed to various diseases. During the same period that witnessed an increase in child obesity, an important change that occurred was the increase in maternal employment. This study is an attempt to analyze the relationship between maternal employment and child obesity. This …

International Trade Effects Of Regional Economic Integration In Africa: The Case Of The Southern African Development Community (Sadc), Mengesha Yayo, Sisay Asefa

International Journal of African Development

Empirical studies on regional economic integration process in Africa exhibit sluggish progress, and there by limited level of intra-trade. The existing literature in Africa, particularly in the Southern African regional integration bloc, has neglected the effects of regional economic integration dealing with disaggregated data. This study analyzes trade creation and diversion effects of the Southern African Development Community (SADC) using disaggregated data. The investigation estimates an augmented gravity model using panel data and random effect estimator methods applying instrumental variables where needed.

The results show that intra-SADC trade is growing in the fuel and minerals and the heavy manufacturing sectors …

Collapsing Microfinance Institutions In Ghana: An Account Of How Four Expanded And Imploded In The Ashanti Region, Festival Godwin Boateng, Stephen Nortey, Jonas Asamanin Barnie, Peter Dwumah, Martin Acheampong, Eunice Ackom-Sampene

International Journal of African Development

The study inquired into the collapse of four microfinance institutions (MFIs) in the Ashanti Region of Ghana. It was found that the collapses primarily were due to unduly risky, unethical and illegal practices, mismanagement and disregard for due diligence, compounded by external factors like macroeconomic instabilities and panic withdrawals, which then pushed the risk levels of the MFIs beyond the point of containment. The paper argues that the 2013 macroeconomic crisis in Ghana only contributed to the pervasiveness of the collapses – the crisis was not a root cause.

Current Situation Of Agricultural Trade: What Effects Does It Have On Food Security In Africa?, Ismaelline Eba Nguema

International Journal of African Development

The history of food policy in Africa started with the beginning of independence with the adoption of the strategy based on the planned development model. However, the financial and administrative planning requirements were felt quickly. By the early 80s, the debt crisis led African economies to abandon the policy of self-sufficiency and to adopt a so-called liberal agro-food strategy. In this context, food security based on external trade and its requirements became integral parts of structural adjustment programs. Thus, Africa took a stand before the rest of the world in the controlling of extraversion. Despite mixed results, in January 1995, …

Reducing Marginalization Of Fishermen Through Participatory Action Research In The Zambezi Valley, Zimbabwe, Bernard Manyena, Andrew E. Collins, Frank Mudimba, Danisa Mudimba

International Journal of African Development

Equitable sharing of fishing resources has been the major source of tension between Zambezi Valley communities and the Zimbabwe government authorities since the 1950s following the Kariba Dam-induced resettlement. Using participatory action research, it was found that the fishing license system and criminalization of fishermen were the major sources of tension between fishermen and government authorities. Engaging with government authorities to address these tensions, fishermen were recognized as partners in the fishing industry. The conclusion was that enhancing community agencies through participatory action research would be fundamental towards creating socially just and equitable arrangements that could emancipate marginalized communities from …

Editorial Note, Sisay Asefa

International Journal of African Development

No abstract provided.

International Journal Of African Development, Vol. 3, Issue 2

International Journal of African Development

Complete issue of International Journal of African Development, Volume 3, Issue 2 - Spring 2016.

John Nash: A Personal Remembrance (Introduction To The John Forbes Nash Jr. Memorial Special Issue), Vernon Smith

Economics Faculty Articles and Research

In January of 2011, three years after his 80th birthday, Games and Economic Behavior published a special issue to honor John Nash. In their introductory note, the editors, Avinash Dixit, Ehud Kalai and Stephen Morris wrote: “We are delighted to have the privilege of coordinating this expression of the whole profession's admiration and appreciation of John Nash and his work, and look forward to a repeat in ten or even twenty years' time.”

This wish was sadly interrupted by tragedy. On their way back from the ceremony awarding John the Abel Prize in mathematics, John and his wife Alicia were …

Essays In Health And Development Economics, John Bosco Oryema

USF Tampa Graduate Theses and Dissertations

This dissertation examines three health and development issues in Sub-Saharan Africa. It analyzes the impact of policy changes and interventions on child mortality, household food consumption and cesarean section births. The study is motivated by the Millennium Development Goals and policies which could affect their achievement. In the first essay, I investigate the impact of debt relief on under-five mortality rate. A dynamic panel data estimator is employed in the analysis. The result shows that debt relief is associated with a statistically significant reduction in under-five mortality rate. I conclude that conditionality of debt relief or development aid can yield …

The Effects Of Increasing The Minimum Wage On Prices: Analyzing The Incidence Of Policy Design And Context, Daniel Macdonald, Eric Nilsson

Upjohn Institute Working Papers

We analyze the price pass-through effect of the minimum wage and use the results to provide insight into the competitive structure of low-wage labor markets. Using monthly price series, we find that the pass-through effect is entirely concentrated on the month that the minimum wage change goes into effect, and is much smaller than what the canonical literature has found. We then discuss why our results differ from that literature, noting the impact of series interpolation in generating most of the previous results. We then use the variation in the size of the minimum wage change to evaluate the competitive …

Using The Theory Of Fundamental Causes To Show The Potential Effects Of Socioeconomic Status On Surgical Outcomes, Mehwish Qasim, A.B.D.

Journal of Health Disparities Research and Practice

Surgical procedures are both costly and common. There are large differences in surgical outcomes both within and between hospitals based on patient characteristics such as measures of income. In both 2000 and 2009, patients residing in low-income communities had worse morbidity and mortality rates, across a wide range of quality indicators. In this review, the author will explicate the Theory of Fundamental Causes as it relates to surgical care, review key empirical findings and address potential limitations of the theory. This review will provide a platform for researchers to discuss current research in surgical disparities using the Theory of Fundamental …

Cold Comfort From Ireland: Marginal Independence & Austerity ., Brendan O'Rourke, John Hogan

Other

No abstract provided.

The Impact Of Rural Pensions In China On Labor Migration, Karen Eggleson, Ang Sun, Zhaoguo Zhan

Faculty Articles

We study the impact of China’s new rural pension program on promoting migration of labor by applying a regression discontinuity analysis to this new pension program. The results reveal a perceptible difference in labor migration among adult children whose parents are just above and below the age of pension eligibility: The adult children with a parent just attaining the pension-eligible age are more likely to be labor migrants compared with those with a parent just below the pension-eligible age. We also find that with a pension-eligible parent, the adult children are more likely to have off-farm jobs. These abrupt changes …

High Resting Metabolic Rate Among Amazonian Forager-Horticulturalists Experiencing High Pathogen Burden, Michael Gurven, Benjamin C. Trumble, Jonathan Stieglitz, Gandhi Yetish, Daniel Cummings, Aaron D. Blackwell, Bret Beheim, Hillard Kaplan, Herman Pontzer

ESI Publications

Objectives—Resting metabolic rate (RMR) reflects energetic costs of homeostasis and accounts for 60-75% of total energy expenditure (TEE). Lean mass and physical activity account for much RMR variability, but the impact of prolonged immune activation from infection on human RMR is unclear in naturalistic settings. We evaluate the effects of infection on mass-corrected RMR among Bolivian forager-horticulturalists, and assess whether RMR declines more slowly with age than in hygienic sedentary populations, as might be expected if older adults experience high pathogen burden.

Materials and Methods—RMR was measured by indirect calorimetry (Fitmate MED, Cosmed) in 1,300 adults aged 20-90 …

Indian Doctoral Research In Social Sciences With Specific Reference To Library And Information Science, Jyotshna Sahoo, Santosini Mundhial, Basudev Mohanty

Library Philosophy and Practice (e-journal)

The very purpose of the paper is to focus on the output of doctoral research in different fields of Social Sciences in India. Attempts have been made to project various indicators of Social Science research and more comprehensively Library and Information Science research by analyzing doctoral research works carried out during the period 2010-2012. While presenting quantification of research output in the form doctoral theses for the period of study, the paper highlights distribution of research output by discipline, language, ranking pattern of Universities, States, and supervisors by their output. The paper also indicates the core areas of research activity …

The Economic Impact Of The Robinson Grand Performing Arts Center On Harrison County, Eric Bowen

Bureau of Business & Economic Research

The City of Clarksburg is in the process of renovating and restoring the Robinson Grand Performing Arts Center located in the city’s downtown. The renovation promises to bring a historic landmark back into use as a center for music and other arts performances. In this report we estimate the impact of this renovation on Harrison County’s economy during the first five years of operation.

The Integrity Of Financial Analysts: Evidence From Asymmetric Responses To Earnings Surprises, Rui Lu, Wenxuan Hou, Henry Oppenheimer, Ting Zhang

Economics and Finance Faculty Publications

This paper investigates the integrity of financial analysts by examining their recommendation responses to large quarterly earnings surprises. Although there is no significant difference in recommendation changes between affiliated and unaffiliated analysts in response to positive earnings surprises, affiliated analysts are more reluctant than unaffiliated analysts to downgrade stock recommendations in response to negative earnings surprises. The evidence implies that conflicts of interest undermine the integrity of financial analysts. We further examine the effects of reputation concern and the Global Research Analyst Settlement as informal and formal mechanisms, on restoring analysts’ integrity. The results show that the positive bias in …

Rhode Island Current Conditions Index -- July 2016, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Exchange Rate Targeting In The Presence Of Foreign Debt Obligations, James Staveley-O'Carroll, Olena M. Staveley-O'Carroll

Economics Department Working Papers

We study the impact of foreign debt on the trade-off between the three open economy objectives of a central bank - international risk sharing, the need to facilitate expenditure-switching, and the incentive to tilt international prices to lower the labor effort of domestic households - in a two-country DSGE model with incomplete asset markets and deviations from the purchasing power parity. We find that at low debt levels, a Taylor rule outperforms simple targeting rules. However, the central bank can improve welfare by up to 0.25 percent of consumption via an exchange rate peg when debt-to-GDP ratio reaches 100 percent.

How Global Rules And Markets Are Shaping India’S Rise On The International Stage, Aseema Sinha

CMC Faculty Publications and Research

Over the last quarter century, India has shifted from a hesitant economic power to a confident player on the international stage. In her new book, Aseema Sinha draws on extensive research to ask where this global activism has come from, and considers the international dimensions of domestic change. Here she discusses how her findings challenge standard narratives on globalisation and the supposedly homegrown character of India’s reform trajectory.

The Design And Price Of Information, Dirk Bergemann, Alessandro Bonatti, Alex Smolin

Cowles Foundation Discussion Papers

A data buyer faces a decision problem under uncertainty. He can augment his initial private information with supplemental data from a data seller. His willingness to pay for supplemental data is determined by the quality of his initial private information. The data seller optimally offers a menu of statistical experiments. We establish the properties that any revenue-maximizing menu of experiments must satisfy. Every experiment is a non-dispersed stochastic matrix, and every menu contains a fully informative experiment. In the cases of binary states and actions, or binary types, we provide an explicit construction of the optimal menu of experiments.

Contracting With Word-Of-Mouth Management, Yuichiro Kamada, Aniko Öry (Oery)

Cowles Foundation Discussion Papers

We propose a model for word of mouth (WoM) management where a firm has two tools at hand: referral rewards and offering a free contract. Current customers’ incentives to engage in WoM can affect the contracting problem of a rm in the presence of positive externalities of users. Formally, we consider a classic Maskin-Riley contracting problem for the receiver of WoM where the firm can pay the sender’s referral rewards and a sender experiences positive externalities if the receiver adopts. A free contract can incentivize WoM because the higher adoption probability increases the expected externalities that the sender receives. We …

The Design And Price Of Information, Dirk Bergemann, Alessandro Bonatti, Alex Smolin

Cowles Foundation Discussion Papers

This paper analyzes the trade of information between a data buyer and a data seller. The data buyer faces a decision problem under uncertainty and seeks to augment his initial private information with supplemental data. The data seller is uncertain about the willingness-to-pay of the data buyer due to this private information. The data seller optimally offers a menu of (Blackwell) experiments as statistical tests to the data buyer. The seller exploits differences in the beliefs of the buyer’s types to reduce information rents while limiting the surplus that must be sacrificed to provide incentives.

Contracting With Word-Of-Mouth Management, Yuichiro Kamada, Aniko Öry (Oery)

Cowles Foundation Discussion Papers

We incorporate word of mouth (WoM) in a classic Maskin-Riley contracting problem, allowing for referral rewards to senders of WoM. Current customers’ incentives to engage in WoM can affect the contracting problem of a firm in the presence of positive externalities of users. We fully characterize the optimal contract scheme and provide comparative statics. In particular, we show that offering a free contract is optimal only if the fraction of premium users in the population is small. The reason is that by offering a free product, the firm can incentivize senders to talk by increasing expected externalities that they receive …

Contracting With Word-Of-Mouth Management, Yuichiro Kamada, Aniko Öry (Oery)

Cowles Foundation Discussion Papers

We incorporate word of mouth (WoM) in a classic Maskin-Riley contracting problem, allowing for referral rewards to senders of WoM. Current customers’ incentives to engage in WoM can affect the contracting problem of a firm in the presence of positive externalities of users. We fully characterize the optimal contract scheme and provide other comparative statics. In particular, we show that offering a free contract is optimal only if the fraction of premium users in the population is small. The reason is that by offering a free product, the firm can incentivize senders to talk by increasing expected externalities that they …