Economics Commons^™

American Prosperity Faces The Music, Douglas E. Archibald

FHSS Mentored Research Conference

If music influences people, what influences music? Intuitively, it is inspired by cultural traditions, changes in technology, and the zeitgeist of nations. On an even deeper level, it is inspired by demand. People will not buy music that does not give them utility. Now, how can someone know what type of music is in demand, or will be in demand? What factors influence music demand, and by studying these can future music trends be predicted? The purpose of this study is to discover how the economic well-being of a nation influences the demand for certain types of music, and if …

Horticultural Activity Predicts Later Localized Limb Status In A Contemporary Pre-Industrial Population, Jonathan Stieglitz, Benjamin C. Trumble, Hillard Kaplan, Michael Gurven

ESI Publications

Objectives—Modern humans may have gracile skeletons due to low physical activity levels and mechanical loading. Tests using prehistoric skeletons are limited by the inability to assess behaviour directly, while modern industrialized societies possess few socio-ecological features typical of human evolutionary history. Among Tsimane forager-horticulturalists, we test whether greater activity levels and, thus, increased loading earlier in life are associated with greater later-life bone status and diminished age-related bone loss.

Materials and Methods—We used quantitative ultrasonography to assess radial and tibial status among adults aged 20+ years (mean±SD age=49±15; 52% female). We conducted systematic behavioural observations to assess earlier-life …

Professional Sporting Events And Traffic: Evidence From Us Cities, Brad R. Humphreys, Hyunwoong Pyun

Economics Faculty Working Papers Series

Sporting events concentrate people at specific locations on game day. No empirical evidence currently exists linking sporting events to local traffic conditions. We analyze urban mobility data from 25 US metropolitan areas with MLB teams over the period 1990 to 2014 to assess the relationship between local traffic and Major League Baseball (MLB) games. Instrumental variable regression results indicate MLB attendance causes increases in local vehicle-miles traveled. At the sample average attendance of 2.8 million, average daily vehicle-miles traveled increases by about 6.9% in cities with MLB teams. Traffic congestion increases by 2%, suggesting that MLB games generate congestion externalities.

The Economic Impacts Of Land Use Policies In Lexington, Kentucky, Christopher R. Bollinger, William H. Hoyt, Michael W. Clark, Xiaozhou Ding

CBER Research Report

Every five years, Lexington-Fayette Urban County Government’s Planning Commission adopts a comprehensive plan detailing goals and objectives that guide the city’s land use planning. Maintaining the city’s urban service area and preserving its rural and agricultural areas are integral parts of this plan. Within the urban service area, land is zoned to permit various types of urban uses such as residential, commercial, and industrial use. Land outside the urban service area is subject to several land use policies designed to preserve the rural characteristics of these areas. This report examines the effects of Lexington’s land use policies and specifically its …

Conceptualizing Social Wealth In The Digital Age: A Mixed Methods Approach, Kristina Oliva

USF Tampa Graduate Theses and Dissertations

As society continues to shift into the digital age, the relationship between social exchange and economic activity is becoming increasingly homogenous. The success of digital products are largely sustained upon the leverage of social relationships and the quasi-sharing of material items, services, and digital media. Emergence of the sharing and on-demand economies is evidence of the necessity to understand social exchange as a form of economic transaction. As such, this study attempts to conceptualize and define the concept of social wealth to understand the basis of an economic synthesis. In attempt to theoretically integrate the concept, a mixed methods design …

In Transition? The Struggle For Socio-Economic Justice In South Africa, Vinodh Jaichand

Notre Dame Journal of International & Comparative Law

Does the post-transitional justice phase of twenty-two years after the advent of freedom in South Africa provide an appropriate time to reflect on the potential realized or lost? It is argued that the planned and sustained implementation of socioeconomic rights as part of transformation is essential. Even constitutional protections of such rights yield slow progress through legal precedents and therefore may result in an incomplete transition.

No More Starving Artists: Why The Art Market Needs A Universal Artist Resale Royalty Right, Allison Schten

Notre Dame Journal of International & Comparative Law

Artists often struggle to make a living because they see profits only from the first sales of their work. Unlike other creative arts, where the creator can earn a living via sales of books or music, an artist’s product is valuable for its singularity. Droit de suite, or the artist resale royalty right, allows artists to recover a percentage of profits from resales of their work. Implementing resale royalty schemes has been a subject of controversy worldwide due to fears that the art market will relocate to areas without such additional transaction costs—but broad-scale, international implementation of droit de …

Putting The Heart Back In The Heartland: Regional Land Bank Initiatives For Sustainable Rural Economies, Ron Johnson

Arkansas Law Review

Almost half of the population of the world lives in rural regions and mostly in a state of poverty. Such inequalities in human development have been one of the primary reasons for unrest and, in some parts of the world, even violence. To ensure that we have a world that is happy, prosperous and peaceful, it is important for us to collectively evolve and implement methods that can empower and enhance the living standard and raise the income level of the world’s deprived population in a sustainable manner.

Returns To Large-Scale Public School Pre-K Programs: Evidence From Within All States, Timothy J. Bartik, Brad J. Hershbein

Presentations

No abstract provided.

Deception And Reception: The Behavior Of Information Providers And Users, Roman M. Sheremeta, Timothy W. Shields

ESI Working Papers

We investigate the behavior of information providers (underwriters) and users (investors) in a controlled laboratory experiment where underwriters have incentives to deceive and investors have incentives to avoid deception. Participants play simultaneously as underwriters and investors in one-shot information transmission games. The results of our experiment show a significant proportion of both deceptive and non-deceptive underwriters. Despite the presence of deceptive underwriters, investors are receptive to underwriters’ reports, gleaning information content, albeit overly optimistic. Within our sample, deception by underwriters and reception by investors are the most profitable strategies. Moreover, participants who send deceptive reports to investors, but at the …

Valuing Public Goods More Generally: The Case Of Infrastructure, David Albouy, Arash Farahani

Upjohn Institute Working Papers

We examine the relationship between local public goods, prices, wages, and population in an equilibrium inter-city model. Non-traded production, federal taxes, and imperfect mobility all affect how public goods (or “amenities” more broadly) should be valued from data. Reinterpreting the estimated effects of public infrastructure on prices and wages in Haughwout (2002), we find infrastructure over twice as valuable with our more general model. New estimates based on more years, cities, and data-sets indicate stronger wage and positive population effects of infrastructure. These imply higher values of infrastructure to firms, and also to households if moving costs are substantial.

Monitoring Institutions In Indefinitely Repeated Games, Gabriele Camera, Marco Casari

ESI Working Papers

Does monitoring past conduct facilitate intertemporal cooperation? We designed an experiment characterized by strategic uncertainty and multiple equilibria where coordinating on the efficient outcome is a challenge. Participants, interacting anonymously in a group, could pay a cost either to obtain information about their counterparts, or to create a freely available public record of individual conduct. Both monitoring institutions were actively employed. However, groups were unable to attain higher levels of cooperation compared to a treatment without monitoring. Information about past conduct alone thus appears to be ineffective in overcoming coordination challenges.

Nebraska Monthly Economic Indicators: March 17, 2017, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 rose by 2.08% during February of 2017. The indicator also rose rapidly in January. The two increases indicate that economic growth will be strong in Nebraska during the second half of 2017. Among the components of the indicator, business expectations were very strong during February. Further, initial claims for unemployment insurance declined during the month, a sign of a strengthening labor market. The value of the U.S. dollar also fell during February, which is a positive sign for Nebraska’s export-oriented businesses.

Perspectives On Evaluation In Financial Education: Landscape, Issues, And Studies, William B. Walstad, Carly Urban, Carlos J. Asarta, Elizabeth Breitbach, William Bosshardt, Julie Heath, Barbara O'Neill, Jamie Wagner, Jing Jian Xiao

Economics Faculty Publications

This review discusses the heterogeneity in the effectiveness of financial education programs that occurs because of the unique conditions for programs and methods to evaluate them. The authors define six groups served by financial education: children, youth, college students and young adults, working adults, military personnel, and low-income consumers. They then discuss research and evaluation literature for each group with a critical eye on program purpose, content, and evaluation. They also present findings affecting multiple groups on four issues: student loans, homeownership, retirement planning, and financial advising. The accumulated evidence on the effectiveness of financial education is positive, although the …

Medicaid Managed Care And The Health Care Utilization Of Foster Children, Makayla Palmer, James Marton, Aaron Yelowitz, Jeffery Talbert

Molasky Family Department of Economics and Real Estate Faculty Research

A recent trend in state Medicaid programs is the transition of vulnerable populations into Medicaid managed care (MMC) who were initially carved out of such coverage, such as foster children or those with disabilities. The purpose of this article is to evaluate the impact of the transition of foster children from fee-for-service Medicaid coverage to MMC coverage on outpatient health care utilization. There is very little empirical evidence on the impact of managed care on the health care utilization of foster children because of the recent timing of these transitions as well as challenges associated with finding data sets large …

The National-Level Economic Impact Of The Manufacturing Extension Partnership (Mep), Jim Robey, Randall W. Eberts, Kathleen Bolter, Marie Holler, Nicholas Marsh, Brian Pittelko, Claudette Robey

Reports

No abstract provided.

A New Business Incentives Database: Implications For Michigan, Timothy J. Bartik

Testimonies

No abstract provided.

Consistency In Aggregation Of Gdp Indexes And Uniqueness Of Quantity And Price Effects On Growth Of Gdp And Aggregate Labor Productivity, Jesus C. Dumagan

Angelo King Institute for Economic and Business Studies (AKI)

In traditional decomposition of GDP growth in constant prices, an industry’s contribution consisted only of a quantity effect from GDP growth. Tang and Wang’s (2004, 2014) innovation added a price effect from relative price change. Dumagan (2013a, 2016) showed that Tang and Wang’s quantity and price effects for all industries exactly add up to growth of GDP either in chained or in constant prices, that is, regardless of the GDP index. However, this paper shows that it is only when GDP is in chained prices and the GDP index is consistent-in-aggregation (CIA) that quantity and price effects are invariant with …

Targeted Campaign Competition, Loyal Voters, And Supermajorities, Pierre C. Boyer, Kai A. Konrad, Brian Roberson

ESI Working Papers

We consider campaign competition in which candidates compete for votes among a continuum of voters by engaging in persuasive efforts that are targetable. Each individual voter is persuaded by campaign effort and votes for the candidate who targets more persuasive effort to this voter. Each candidate chooses a level of total campaign effort and allocates their effort among the set of voters. We completely characterize equilibrium for the majoritarian objective game and compare that to the vote-share maximizing game. If the candidates are symmetric ex ante, both types of electoral competition dissipate the rents from once in expectation. However, the …

P14. Estimating The Effects Of File-Sharing On Movie Box-Office, Zhuang Liu

Western Research Forum

Background:

File-sharing and on-line piracy have caught great public attention. There is a public debate on whether or not we should close torrenting sites like Piratedbay.com. Copyright holders argue yes and claim substantial loss due to filesharing while Pirates claim that file-sharing is welfare-improving and the effects on sale are negligible. Right now no consensus has been reached on how file-sharing affects industry revenue in economics literature.

Methods:

Using a novel dataset of downloads from Bit-Torrent network, this paper quantifies the effects of file-sharing on movie box-office revenue. I estimate a random coefficient demand model of movies to …

P29. Basic Skills Or Major-Specific Knowledge? Sources Of Wage Penalties For Working Outside The Major Field Of Study, Yuki Onozuka

Western Research Forum

Background: This paper examines the sources of wage penalties for working outside the major field of study. Recent research shows that workers in a job unrelated to their major field of study experience significantly lower wages than those in a related job. A substantial amount of human capital may be underutilized. Identifying the sources of the wage penalty is important in terms of how to decrease the inefficient use of human capital, students' college major choice, and type of human capital accumulated in college.

Methods: I use the 1993 National Survey of College Graduates and the O*NET to divide the …

Homeowner Preferences After September 11th, A Microdata, Adam Nowak

Economics Faculty Working Papers Series

The existence of homeowner preferences - specifically homeowners' preferences for neighbors - is fundamental to economic models of sorting. This paper investigates whether or not the terrorist attacks of September 11, 2001 (9/11) impacted on local preferences for Arab neighbors. We test for changes in preferences using a differences-in-differences framework in a hedonic pricing model. Relative to sales before 9/11, we find properties within 0.1 miles of an Arab homeowner sold at a 1.5% discount in the 180 days after 9/11. The results are robust to a number of specifications including time horizon, event date, distance, alternative ethnic groups, and …

Testing The Medical Arms Race Hypothesis: A Spatial Approach, Robyn M. Kibler

USF Tampa Graduate Theses and Dissertations

The surgical robot experienced rapid uptake throughout hospitals in the US despite lack of clinical evidence that it is superior to existing methods and undeterred by its high cost. This type of technology may be a “weapon” in the medical arms race hypothesis which asserts that competition among hospitals may be welfare reducing wherein it encourages resource use that is not commensurate with beneficial health outcomes. This paper is a case-study of the diffusion of the surgical robot among hospitals in Florida. We address the medical arms race hypothesis directly by investigating whether a hospital’s decision to adopt a robot …

Physical And Environmental Factors That Can Bridge Income Inequality, Valeriya Marchenko

Discovery Day (formerly Post & Beyond)

Income plays an important role in day to day life. Many factors affect the employment status of an individual. While some factors are personal traits such as self motivation and perseverance, where a person lives can also have an impact on their employability. Living in a state with a high median income can be beneficial to a person’s ability to earn a wage to support a standard of living. A state’s median income can be influenced by a variety of factors. Some factors are environmental, such as work place infrastructure and comfort, and geographical conditions such as location, climate and …

The Impact Of Climate Change On Marine Recreational Fishing With Implications For The Social Cost Of Carbon, John Whitehead, Daniel Willard

Journal of Ocean and Coastal Economics

We estimate the effects of temperature and precipitation on marine recreational fishing days over a 20 year time period. The data are from the National Survey of Fishing, Hunting and Wildlife-Associated Recreation. Our results suggest that temperature and precipitation have positive effects on marine recreational fishing days in the United States. To determine changes in economic value we simulate the effects of climate change on fishing days with changes in U.S. average temperature and precipitation developed from climate models. We use benefit transfer to estimate the value of fishing days. Considering a 4.5F temperature change and a 7% precipitation change, …

The Assessment Of The Impacts Of Differently-Designed Tax And Expenditure Limitations (Tels) On Municipal Government Revenues: A Game Theoretic Approach, Sungho Park

UNO Student Research and Creative Activity Fair

Nearly every state in the US imposes some form of limitation on local fiscal decisions – typically property taxes. The effects of tax and expenditure limitations (TELs) on fiscal outcomes have received significant attention by scholars, particularly since passage of California’s Proposition 13. The impact of TELs, however, remains an open empirical question, particularly at the municipal level. Do municipal governments with varying types of TELs, changing TEL structures, or no TELs experience different fiscal outcomes? Scholars and practitioners have attempted to answer these questions; however, the existing literature has at least two limitations. First, the extant literature fails to …

Nebraska Business And Consumer Confidence Indexes: March 3, 2017, Eric Thompson

Leading Economic Indicator Reports

Consumer confidence improved in Nebraska in February 2017 while business confidence remained strong. The Consumer Confidence Index – Nebraska (CCI-N) rose to 94.6 during February, 5.4 points higher than in January. While consumer confidence improved, it remained below the neutral value of 100. The outlook of Nebraska businesses, by contrast, was positive. The Business Confidence Index – Nebraska (BCI-N) stood at 109.1 in February, well above the neutral value. The business confidence index rose slightly, by 1.3%, between January and February. When asked about the most important issue facing their business, customer demand was mentioned by 34 percent of business …

Garment Workers In Kentucky Oral History Project (Fa 865), Manuscripts & Folklife Archives

Folklife Archives Finding Aids

Finding aid only for Folklife Archives Project FA 865. Interviews conducted by Lisa Karen Miller containing details about the lives of garment workers in Kentucky and Tennessee. Some of the topics included were technological changes, job layoffs, and labor unions.

El Capitalismo Y El Ciudadano Del Distrito Federal: Evolución De La Identidad En La Ciudad De México En Respuesta A Los Cambios Económicos En Dos Épocas Desde La Óptica De La Región Más Transparente De Carlos Fuentes Y Hotel Df De Guillermo Fadanelli, Douglas Mitchell L. Emison

University Honors Theses

Throughout the history of Mexico, the country's gradual involvement with capitalism has given rise to different eras of profound economic change which have consequently generated a variety of influences implicating changes in Mexican sociocultural identity. This work investigates two specific eras of novel capitalist engagement to determine the relationship between these economic changes and the evolution of Mexican identity using the urban environment of Mexico City as the socio-spatial center. The sociocultural effects of Mexico's post-revolutionary era of economic development from the 1940s to the 1960s will first be explored, followed by an investigation of the post-NAFTA / WTO era …

“Free” College Tuition Doesn’T Add Up*, Michael Hemesath

Administration Publications

No abstract provided.