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2018

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Articles 1201 - 1230 of 1742

Full-Text Articles in Economics

A Large Class Of Strategy-Proof Exchange Rules With Single-Peaked Preferences, Peng Liu Feb 2018

A Large Class Of Strategy-Proof Exchange Rules With Single-Peaked Preferences, Peng Liu

Research Collection School Of Economics

We study the classical house exchange problem (Shapley and Scarf (1974)) and identified a large class of rules, each of which is strategy-proof, efficient, and individually rational with single-peaked preferences. These rules are generalisations of Gale’s top trading cycles rule: In each step a subset of houses are allowed to be traded along top trading cycles and in particular, the next step subset of trading houses may depend on the exchanges happened already. We believe that the flexibility introduced by this class of rules is desirable when the designer faces some context-specific requirements.

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Industrial Output Fluctuations In Developing Countries: General Equilibrium Consequences Of Agricultural Productivity Shocks, Iona Hyojung Lee Feb 2018

Industrial Output Fluctuations In Developing Countries: General Equilibrium Consequences Of Agricultural Productivity Shocks, Iona Hyojung Lee

Research Collection School Of Economics

This paper shows that a negative shock to agricultural productivity may increase food prices, and labor and capital can move away from manufacturing into agriculture to meet the subsistence requirement for food. This effect depends on income levels and openness to trade. Using annual manufacturing data and rainfall shocks as the instrument for crop yields (proxy for agricultural productivity), I find that an exogenous decline in yield decreases manufacturing output as well as employment and capital investment in manufacturing. Overall, crop yield variation can explain up to 44% of industrial output fluctuations in developing countries (rainfall shocks cause 31% of …

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On Random Social Choice Functions With The Tops-Only Property, Shurojit Chatterji, Huaxia Zeng Feb 2018

On Random Social Choice Functions With The Tops-Only Property, Shurojit Chatterji, Huaxia Zeng

Research Collection School Of Economics

We study the standard voting model with randomization. A Random Social Choice Function (or RSCF) satisfies the tops-only property if the social lottery under each preference profile depends only on the peaks of voters' preferences. We identify a general condition on domains of preferences (the Interior Property and the Exterior Property) which ensures that every strategy-proof RSCF satisfying unanimity has the tops-only property. We show that our condition applies to important classes of voting domains which include restricted connected domains (Sato, 2013) and the multi-dimensional single-peaked domain (Barberà et al., 1993). As an application of our result, we show that …

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Bayesian State Space Representation Model: Applications To Macroeconomics And International Finance, Hiroshi Morita Feb 2018

Bayesian State Space Representation Model: Applications To Macroeconomics And International Finance, Hiroshi Morita

Dissertations, Theses, and Capstone Projects

This dissertation develops three new econometric models using Bayesian state space representation model in order to apply to macroeconomics and international finance. It consists of 3 chapters. Chapter 1 develops a Markov mixture model of macroeconomic fundamentals to analyze the short-run dynamics of foreign exchange rates. In our model, foreign exchange rates are simultaneously determined by three parities: the interest rate parity, the inflation rate parity, and the equity return rate parity. Using four exchange rates: the U.S. dollar price of the British pound, the German mark, the Japanese yen, and the Canadian dollar, the findings are: (1) Our model …

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Essays On The Economics Of Driving And Health, Jessica Lynn Peck Feb 2018

Essays On The Economics Of Driving And Health, Jessica Lynn Peck

Dissertations, Theses, and Capstone Projects

This dissertation comprises three essays on the economics of driving and health. The first examines the effect of the ride-hailing service Uber, its launch in New York City in May 2011, and the resulting drunk-driving outcomes in the counties that received service compared with those that did not. The difference-in-differences estimation of this effect implies a 25 to 35 percent decrease in the alcohol-related collision rate for the affected New York City boroughs, or about 40 collisions per month. With differentiated treatment effects for each affected county, the difference-in-differences effect is higher for Manhattan, middling for the Bronx and Brooklyn, …

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Essays On Environmental Conditions In Cuba, Gonzalo Cordova Feb 2018

Essays On Environmental Conditions In Cuba, Gonzalo Cordova

Dissertations, Theses, and Capstone Projects

Cuban environmental conditions have not attracted the attention received by otherareas of Cuba's economic performance. Chapter 1 examines selected ambient air pollutants and the use of fossil fuels in Cuba, indicators for which there are relatively better available data, as of the “Special Period” extending into recent years. In contrast with prior anecdotally-driven approaches, the empirical examination aims to specifically identify Cuba's performance and international standing on these indicators through the use of a heterogeneous individual country adaptation of the income-pollution relationship known as the Environmental Kuznets Curve. In response to critiques in the literature, extensive testing of the panel …

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Testing The Boundaries Of The Double Auction: The Effects Of Complete Information And Market Power, Erik O. Kimbrough Jan 2018

Testing The Boundaries Of The Double Auction: The Effects Of Complete Information And Market Power, Erik O. Kimbrough

Economics Faculty Articles and Research

We report boundary experiments testing the robustness of price convergence in double auction markets for non-durable goods in which there is extreme earnings inequality at the competitive equilibrium (CE). Following up on a conjecture by Smith (1976a), we test whether the well-known equilibrating power of the double auction institution is robust to the presence of complete information about traders’ values and costs and the presence of symmetric market power. We find that complete information is insufficient to impede convergence to CE prices; however, introducing market power consistently causes prices to deviate from the CE, whether or not subjects possess complete …

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Low Perceived Control Over Health Is Associated With Lower Treatment Uptake In A High Mortality Population Of Bolivian Forager-Farmers, Sarah Alami, Jonathan Stieglitz, Hillard Kaplan, Michael Gurven Jan 2018

Low Perceived Control Over Health Is Associated With Lower Treatment Uptake In A High Mortality Population Of Bolivian Forager-Farmers, Sarah Alami, Jonathan Stieglitz, Hillard Kaplan, Michael Gurven

ESI Publications

Indigenous people worldwide suffer from higher rates of morbidity and mortality than neighboring populations. In addition to having limited access to public health infrastructure, indigenous people may also have priorities and health perceptions that deter them from seeking adequate modern healthcare. Here we propose that living in a harsh and unpredictable environment reduces motivation to pursue deliberate, costly action to improve health outcomes. We assess whether variation in Health Locus of Control (HLC), a psychological construct designed to capture self-efficacy with respect to health, explains variation in treatment uptake behavior among Tsimane Amerindians (N=690; age range: 40–89 years; 55.8% female; …

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Consumers' Willingness To Pay And To Patronize According To Major Restaurant Attributes, Jitka Perutkova Jan 2018

Consumers' Willingness To Pay And To Patronize According To Major Restaurant Attributes, Jitka Perutkova

The Pegasus Review: UCF Undergraduate Research Journal

This study identifies the most important factors in the consumer decision-making process when choosing a restaurant. Using a dynamic comparison process, this study additionally explores consumers' willingness to pay for each of three major attributes of restaurants: food quality, service, and ambience. Understanding this relationship is important for managers in attaining the aspired level of consumer satisfaction. Results indicate that food quality is more important than service and ambiance in upscale restaurants, while speed of service is more important than food quality and ambiance in quick-service restaurants. Thus, consumers are willing to pay more for high-quality food at upscale restaurants …

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The Impact Of Naloxone Access Laws On Opioid Overdose Deaths In The U.S., Elham Erfanian, Alan R. Collins, Daniel Grossman Jan 2018

The Impact Of Naloxone Access Laws On Opioid Overdose Deaths In The U.S., Elham Erfanian, Alan R. Collins, Daniel Grossman

Regional Research Institute Working Papers

Opioid overdose is the leading cause of unintentional death in the U.S. Narcan TM (Naloxone) is a prescription medicine that can reverse overdose effects. This research investigates the effect of Naloxone access laws on overdose death rates using state and temporal variation in the enactment of these laws. We also explore possible spillover effects between Naloxone access laws and overdose death rates across states. Our analyses reveal that when broken down by access law provisions, there exists a mixture of positive and negative effects on overdose death rates depending upon the provision. The results indicate that Naloxone access provisions have …

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Understanding The Decline In Manufacturing Employment, Susan N. Houseman Jan 2018

Understanding The Decline In Manufacturing Employment, Susan N. Houseman

Presentations

No abstract provided.

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Nebraska Monthly Economic Indicators: January 24, 2018, Eric Thompson Jan 2018

Nebraska Monthly Economic Indicators: January 24, 2018, Eric Thompson

Leading Economic Indicator Reports

The Leading Economic Indicator – Nebraska (LEI-N) 1 rose by 0.83% during December of 2017. The increase in the LEI-N, which is designed to predict economic activity six months into the future, suggests that the Nebraska economy will grow steadily during the first half of 2018. The December increase primarily resulted from a rise in building permits for single-family homes and positive business expectations. In particular, respondents to the December Survey of Nebraska Business reported plans to increase sales and employment in the coming months. In terms of negative components, there was a decline in airline passenger counts during December.

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Thinking Finance - The Comic Book, Dimitrios V. Siskos Jan 2018

Thinking Finance - The Comic Book, Dimitrios V. Siskos

Publications

Thinking financially results in the best possible outcome and establishes a secure foundation for the future as an independent man. In contrast, thinking emotionally leads to short-sighted financial decisions and usually, deep regrets. However, thinking financially is not pleasant for the people around us. This comic book presents a guy, whose dream is to become an accountant. When he finally succeeds in this, he realizes that thinking financially may be effective for his boss but it is irritating for everyone else, even for his family.

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Overweight And Obesity: Correlates And Temporal Trends In Global Context, Rajesh Gautam, Amir H. Golnabi, D K. Adak, P Bharati Jan 2018

Overweight And Obesity: Correlates And Temporal Trends In Global Context, Rajesh Gautam, Amir H. Golnabi, D K. Adak, P Bharati

Department of Mathematics Faculty Scholarship and Creative Works

This work attempts to highlight the global magnitude of the obesity and examining the evolutionary perspective with focus on the correlates and temporal trend. It is based on a wide literature survey following PRISMA. The data on country wise prevalence was obtained after systematic review of over 500 articles and websites on the prevalence of obesity. A total of 301 entries/data points were found for 84 countries. Regression analysis was computed for 177 countries based on prediction made by WHO to identify the correlates. To find out the regional variation, data on height and weight of two different national surveys …

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“Firm Behavior In The Mid-Twentieth Century American Steel Industry”, Robert Rogers Jan 2018

“Firm Behavior In The Mid-Twentieth Century American Steel Industry”, Robert Rogers

The Journal of Economics and Politics

In the period from 1920 to 1972, the American steel industry consisted of eight large companies and a fringe composed of small domestic producers and foreign firms exporting to the United States. The market structure made it unlikely that the industry behaved in a perfectly competitive fashion. Thus, oligopoly hypotheses on firm behavior such as Nash-Bertrand and Stackelberg leadership seem plausible. This paper estimates a BLP demand model for the industry, and it, then, uses the demand parameters to estimate price equations under the different behavioral assumptions. From the information in this model, tests are made to see which hypothesis …

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Primed For Death: Law Enforcement-Citizen Homicides, Social Media, And Retaliatory Violence, Vladimir Bejan, Matthew Hickman, William S. Parkin, Veronica F. Pozo Jan 2018

Primed For Death: Law Enforcement-Citizen Homicides, Social Media, And Retaliatory Violence, Vladimir Bejan, Matthew Hickman, William S. Parkin, Veronica F. Pozo

Applied Economics Faculty Publications

We examine whether retaliatory violence exists between law enforcement and citizens while controlling for any social media contagion effect related to prior fatal encounters. Analyzed using a trivariate dynamic structural vector-autoregressive model, daily time-series data over a 21-month period captured the frequencies of police killed in the line of duty, police deadly use of force incidents, and social media coverage. The results support a significant retaliatory violence effect against minorities by police, yet there is no evidence of retaliatory violence against law enforcement officers by minorities. Also, social media coverage of the Black Lives Matter movement increases the risk of …

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The Relationship Between The Inflation Rate And Inequality Across U.S. States: A Semiparametric Approach, Mehmet Balcilar, Shinhye Chang, Rangan Gupta, Stephen M. Miller Jan 2018

The Relationship Between The Inflation Rate And Inequality Across U.S. States: A Semiparametric Approach, Mehmet Balcilar, Shinhye Chang, Rangan Gupta, Stephen M. Miller

Molasky Family Department of Economics and Real Estate Faculty Research

This paper uses a cross-state panel for the United States over the 1976–2007 period to assess the relationship between income inequality and the inflation rate. Employing a semiparametric instrument variable (IV) estimator, we find that the relationship depends on the level of the inflation rate. A positive relationship occurs only if the states exceed a threshold level of inflation rate. Below this value, inflation rate lowers income inequality. The results suggest that a nonlinear relationship exists between income inequality and the inflation rate. © 2018 Springer Science+Business Media B.V., part of Springer Nature

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Bank Net Interest Margins, The Yield Curve, And The 2007–2009 Financial Crisis, Peter V. Egly, David W. Johnk, Andre V. Mollick Jan 2018

Bank Net Interest Margins, The Yield Curve, And The 2007–2009 Financial Crisis, Peter V. Egly, David W. Johnk, Andre V. Mollick

School of Economics and Finance Faculty Publications

Using quarterly call report data from 2000 to 2016, we reexamine the relationship between net interest margins (NIM) and the yield curve for more than 5,500 U.S. commercial banks. In the full sample, yield curve and RGDP growth have positive effects on NIM, while inflation and deposit‐to‐loan ratios (D/L) have negative effects. Splitting the sample around the 2007–2009 crisis, we show the impact of yield curve and RGDP growth on NIM increasing during the “recovery” (2009Q3 to 2016Q4), and inflation and D/L changing signs. Positive effects of yield curve on profits vary with bank size and change over time.

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Return And Volatility Spillovers Between The Renminbi And Asian Currencies, Hwee Kwan Chow-Tan Jan 2018

Return And Volatility Spillovers Between The Renminbi And Asian Currencies, Hwee Kwan Chow-Tan

Research Collection School Of Economics

This paper examines the extent of interdependence between the Chinese Renminbi and Asian currenciesafter the global financial crisis. We combine the distinct influence of offshore Renminbi with the impact ofthe onshore rate on eight Asian currencies (including the Australian dollar). Diebold-Yilmaz spilloverindexes reveal Asian foreign exchange markets are subject to considerable cross-border transmissions. Interms of the US dollar bilateral exchange rates, cross-border transfers of daily return are strongercompared to daily volatility reflecting currency management by regional authorities to curb excessiveexchange rate volatility. Return spillovers from the Renminbi markets to individual Asian foreignexchange markets are generally on par with that from …

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Nebraska Business And Consumer Confidence Indexes: January 5, 2018, Eric Thompson Jan 2018

Nebraska Business And Consumer Confidence Indexes: January 5, 2018, Eric Thompson

Leading Economic Indicator Reports

Consumer and business confidence declined in Nebraska during December 2017. The Consumer Confidence Index – Nebraska (CCI-N) fell to 93.3 in December, well below the neutral level of 100.0. The index had reached a record level of 106.2 in November, but that high level of confidence was not sustained. The Business Confidence Index – Nebraska (BCI-N) fell from 114.1 in November to 107.5 in December. While lower, the December reading remains well above the neutral value of 100.0. When asked about the most important issue facing their business, customer demand was mentioned by 38 percent of respondents. The availability and …

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The Effect Of Expansions In Medicaid Eligibility On Hospital Financial Performance: Evidence From Medicare Cost Reports, Kevin Wu Jan 2018

The Effect Of Expansions In Medicaid Eligibility On Hospital Financial Performance: Evidence From Medicare Cost Reports, Kevin Wu

Theses and Dissertations

Expansions in Medicaid eligibility and effects on profitability for different hospitals are examined using data from Medicare Cost Reports and difference-in-differences analysis. Critical access and disproportionate share hospitals are associated with the largest profitability gains from these expansions. Results imply that vulnerable hospitals are affected most by changes to Medicaid.

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For Better, For Worse: The Effect Of Maternity Leave Policy On Divorce Rates, Toni S. Forde Jan 2018

For Better, For Worse: The Effect Of Maternity Leave Policy On Divorce Rates, Toni S. Forde

Theses and Dissertations

Prior to 1993, maternity leave legislation in the United States varied from state to state. The implementation of the Family and Medical Leave Act (FMLA) thus created a “natural experiment” via which we can study the effect of the law on divorce across states.

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Lessons On Economics And Political Economy From The Soviet Tragedy, Peter J. Boettke, Rosolino A. Candela Jan 2018

Lessons On Economics And Political Economy From The Soviet Tragedy, Peter J. Boettke, Rosolino A. Candela

Journal of Global Initiatives: Policy, Pedagogy, Perspective

This paper explores the economics and politics of the tragic Soviet experiment with socialism. Beginning with the period of “War Communism” between 1917 and 1921, the Soviet government’s attempt to implement socialism failed to achieve its stated objectives, namely to create social harmony, eliminate class struggle, and to unleash advanced material production. It attempted to achieve these ends by abolishing private property and market prices in the means of production, eliminating the incentives and information necessary to guide production in an efficient manner. The unintended political and economic results were disastrous, leading to tyranny, famine, and oppression. Failing to achieve …

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The Tug-Of-War In The Laboratory, Cary Deck, Roman Sheremeta Jan 2018

The Tug-Of-War In The Laboratory, Cary Deck, Roman Sheremeta

ESI Working Papers

The tug-of-war is a multi-battle contest often used to describe extended interactions in economics, operations management, political science, and other disciplines. While there has been some theoretical work, to the best of our knowledge, this paper provides the first experimental study of the tug-of-war. The results show notable deviations of behavior from theory derived under standard assumptions. In the first battle of the tug-of-war, subjects often bid less, while in the follow-up battles, they bid more than predicted. Also, contrary to the prediction, bids tend to increase in the duration of the tug-of-war. Finally, extending the margin necessary to win …

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Using The Quantitative Literacy And Reasoning Assessment (Qlra) For Early Detection Of Students In Need Of Academic Support In Introductory Courses In A Quantitative Discipline: A Case Study, Nathan D. Grawe, Kristin O'Connell Jan 2018

Using The Quantitative Literacy And Reasoning Assessment (Qlra) For Early Detection Of Students In Need Of Academic Support In Introductory Courses In A Quantitative Discipline: A Case Study, Nathan D. Grawe, Kristin O'Connell

Numeracy

As the number of young people attending college has increased, the diversity of college students’ educational backgrounds has also risen. Some students enter introductory courses with math anxiety or gaps in their quantitative training that impede their ability to master or even grasp relevant disciplinary content. Too often professors learn of these anxieties and gaps only during the post mortem of the first midterm. By that time, a good portion of a student’s grade is determined and successful recovery may be impossible. During the 2016-17 academic year, the Department of Economics at Carleton College ran a pilot project using the …

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Economic, Social And Environmental Implications Of Urban Solid Waste And Need For Valorization Of Waste, S. Jameela Ph.D. Jan 2018

Economic, Social And Environmental Implications Of Urban Solid Waste And Need For Valorization Of Waste, S. Jameela Ph.D.

International Review of Business and Economics

“Source reduction is, on the face of it, perhaps the most appealing of all the possible approaches to solid-waste management” - William Rathje and Cullen Murphy Waste poses a threat to public health and environment and hence it should be properly collected and disposed. Managing municipal solid waste is a pervasive problem for any urban area and the Singara Chennai is no exception to it. Admitting that it is one of the best managed city, but still problem of dealing with solid waste generated in the ever expanding Chennai city is an uphill task. The materialistic world has been sustaining, …

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A Panoramic View On Rural Energy Consumption, M Manimegalai Ph.D., S. Seethalakshmi Ph.D. Jan 2018

A Panoramic View On Rural Energy Consumption, M Manimegalai Ph.D., S. Seethalakshmi Ph.D.

International Review of Business and Economics

Energy consumption is an index of economic development energy is essential to ensure adequate and sustained supply for energy sector of the economy. The rural energy consumption pattern is divided into agricultural operation domestic activities, living and industry. Rural energy consumption influences the standard of living of the people in rural areas. India is the largest energy consumer in the world. In India, out of 121crs of populations, 80crs of people living rural areas and affordability are vitally our country keep its pace of development.

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Climate Resilient Green Economy: Prospects, R. Ragapriya Ph.D., D. Rudrappan Jan 2018

Climate Resilient Green Economy: Prospects, R. Ragapriya Ph.D., D. Rudrappan

International Review of Business and Economics

A new political climate has grown in many countries around the world, thanks to the strong base in science and widening public awareness of climate change and its risks. Clean energy revolution has been taking place all over the developed countries, underscored by the steady expansion of the renewable energy sector. The adoption of Renewable Energy Technologies (RETs) constituted a win-win situation, as renewable is not only green and job-generating, but also sustainable with a higher environmental benefit. Renewable fuels such as wind, solar, biomass, tides, and geothermal are inexhaustible, indigenous and are often free as a resource. They just …

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A Study On Green Hrm Practices In An Organization, M U. Arumugam Ph.D., C. Vijai Ph.D. Jan 2018

A Study On Green Hrm Practices In An Organization, M U. Arumugam Ph.D., C. Vijai Ph.D.

International Review of Business and Economics

Now a day, the go green policies are adopting in various environment management techniques. In India, the corporate world is going global; it’s become essential to explore green practices in the business as well as in an environment. This study focuses on various green HRM practices followed in the organization. The paper largely focuses on the various green HRM practices and the relationship between corporate social responsibility and the green humanresourcemanagement.Andthestudy extended giving suggestions to the human resource department about initiatives to make the organization green and utilization from those values.

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Impact Of Environmental Pollutions And Waste Management, A. Kaveri, S. Dhanasekaran Ph.D. Jan 2018

Impact Of Environmental Pollutions And Waste Management, A. Kaveri, S. Dhanasekaran Ph.D.

International Review of Business and Economics

This paper will discuss the problem of environmental pollution and waste management. Everything that surrounds us is directly or indirectly connected to the environment. Not only the man, but also other living beings as well as the nature (volcanic eruptions, earthquakes) have effects on environmental pollution. Environmental pollution is present from the very beginning of life, but today it is a serious problem that threatens the survival of mankind. During the preparation of scientific research, we noticed a problem: “What is the influence of the waste management on the environment?” Today, every person living on planet Earth is worried about …

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