Economics Commons^™

Adding Tournament To Tournament: Combining Between-Team And Within-Team Incentives, Michael Majerczyk, Roman Sheremeta, Yu Tian

ESI Working Papers

We examine theoretically and experimentally how combining between-team and within-team incentives affects behavior in team tournaments. Theory predicts that free-riding will occur when there are only between-team incentives, and offering within-team incentives may solve this problem. However, if individuals collude, then within-team incentives may not be as effective at reducing free-riding. Consistent with the theoretical predictions, the results of our experiment indicate that although between-team incentives are effective at increasing individual effort, there is substantial free-riding and declining effort over time. Importantly, a combination of between-team and within-team incentives is effective not only at generating effort but also at sustaining …

Accounting For Risk: Agricultural Land Leases And Natural Disasters, Jim Jansen, Jeffrey Stokes

Cornhusker Economics

According to recent findings from the USDA Agricultural and Resource Management Survey, agricultural land rent totaled $2.44 billion in Nebraska for 2018. The survey found rent as the third largest farm and ranch production expense (USDANASS 2019). Natural disasters limiting the ability of farmers or ranchers to fully utilize rented land pose a financial risk to these operators.

The 2019 floods and related natural disasters lave left many landlords and tenants across Nebraska wondering how resulting damages will influence their agricultural properties . Contractual lease arrangements may have not fully accounted for these natural disasters. This article provides guidance on …

Defense Spending By State - Nevada Fiscal Year 2017, Peter Grema, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet reprints two pages from the March 2019 DEFENSE SPENDING BY STATE (FISCAL YEAR 2017) publication issued by the United States Department of Defense: Office of Economic Adjustment for the purposes of relaying information related to defense spending in the State of Nevada.1 The original report presents data from fiscal year 2017, the most recent annual data available at the time of publication.

Garch Modeling Of Value At Risk And Expected Shortfall Using Bayesian Model Averaging, Ismail Kheir

Theses and Dissertations

This thesis conducts Value at Risk (VaR) and Expected Shortfall (ES) estimation using GARCH modeling and Bayesian Model Averaging (BMA). BMA considers multiple models weighted by some information criterion. Through BMA, this thesis finds that VaR and ES estimates can be improved through enhanced modeling of the data generation process.

The Effect Of Citi Bike Introduction On Injury Rates In New York City, Masakazu Hiruma

Theses and Dissertations

This paper tests the hypothesis that the introduction of Citi Bike influences bicycle injuries by observing the gradual expansion of the bike share system in NYC. Data is analyzed from 2012-2018 New York Police Department (NYPD) Motor Vehicle Collisions and Citi Bike Station Feeds (NYC Open Data).

Establishing An “Injury-In-Fact” Through Valuations Of Ecosystem Services: Putting It In Terms Federal Courts Understand, Allie Jo Mitchell

Minnesota Journal of Law, Science & Technology

No abstract provided.

Strong Consistency Of Spectral Clustering For Stochastic Block Models, Liangjun Su, Wuyi Wang, Yichong Zhang

Research Collection School Of Economics

In this paper we prove the strong consistency of several methods based on the spectral clustering techniques that are widely used to study the community detection problem in stochastic block models (SBMs). We show that under some weak conditions on the minimal degree, the number of communities, and the eigenvalues of the probability block matrix, the K-means algorithm applied to the eigenvectors of the graph Laplacian associated with its first few largest eigenvalues can classify all individuals into the true community uniformly correctly almost surely. Extensions to both regularized spectral clustering and degree-corrected SBMs are also considered. We illustrate the …

Sfns Household Economic Leakage Project, Elissa Noah

Head and Heart Posters 2019

Southern First Nation Secretariat (SFNS) is an organization appointed to seven local member First Nation communities that commits to bridge programs and services for enriched communities while respecting the diversity of culture, values, and traditions. First Nations people make up 4.9% of Canada’s population with 634 communities. First Nation economy circumstances are widely diverse and often uncertain. The relationship is mostly unknown. Therefore, the purpose of the economic leakage project is to help determine how much SFNS member First Nations' governments spend outside of their communities, and how it can be recaptured to enhance their economies and well-being.

Sfns Household Economic Leakage Project, Elissa Noah

Learning with your Head & Heart

Southern First Nation Secretariat (SFNS) is an organization appointed to seven local member First Nation communities that commits to bridge programs and services for enriched communities while respecting the diversity of culture, values, and traditions. First Nations people make up 4.9% of Canada’s population with 634 communities. First Nation economy circumstances are widely diverse and often uncertain. The relationship is mostly unknown. Therefore, the purpose of the economic leakage project is to help determine how much SFNS member First Nations' governments spend outside of their communities, and how it can be recaptured to enhance their economies and well-being.

Technology Licensing And Innovation – A Correction On Two-Part Tariff Analysis, Yuanzhu Lu, Swapnendu Banerjee, Sougata Poddar

Economics Faculty Articles and Research

The main purpose of this note is two-fold: (i) Correcting an error in the two-part tariff licensing contract, and (ii) Altering one of the main results following the two-part tariff analysis in Mukherjee and Mukherjee (2013). This also strengthens the primary conclusion of Mukherjee and Mukherjee (2013).

Sfns Household Economic Leakage Project, Elissa Noah

2019 Cohort

Southern First Nation Secretariat (SFNS) is an organization appointed to seven local member First Nation communities that commits to bridge programs and services for enriched communities while respecting the diversity of culture, values, and traditions. First Nations people make up 4.9% of Canada’s population with 634 communities. First Nation economy circumstances are widely diverse and often uncertain. The relationship is mostly unknown. Therefore, the purpose of the economic leakage project is to help determine how much SFNS member First Nations' governments spend outside of their communities, and how it can be recaptured to enhance their economies and well-being.

A Dynamical Systems Approach To Cryptocurrency Stability, Carey Caginalp

ESI Publications

Recently, the notion of cryptocurrencies has come to the fore of public interest. These assets that exist only in electronic form, with no underlying value, offer the owners some protection from tracking or seizure by government or creditors. We model these assets from the perspective of asset flow equations developed by Caginalp and Balenovich, and investigate their stability under various parameters, as classical finance methodology is inapplicable. By utilizing the concept of liquidity price and analyzing stability of the resulting system of ordinary differential equations, we obtain conditions under which the system is linearly stable. We find that trend-based motivations …

2018 Nebraska Top Efficient Farms, Tina N. Barrett

Cornhusker Economics

A quarter doesn’t buy much these days so it’s easy to dismiss the value, but when 25 cents is what separates the cost of production per bushel of corn between two groups, the difference in net return starts to add up.

In 2018 the net farm income average of all farms included in the Nebraska Farm Business, Inc. group was $94,121. That was a surprisingly high number, but when compared to the net income of $261,059 for the group called the Top Efficient Farms, it shows there is a significant difference. The Top Efficient Farms group is a selection of …

The Dynamics Of Men's Cooperation And Social Status In A Small-Scale Society, Christopher Von Rueden, Daniel Redhead, Rick O'Gorman, Hillard Kaplan, Michael Gurven

ESI Publications

We propose that networks of cooperation and allocation of social status co-emerge in human groups. We substantiate this hypothesis with one of the first longitudinal studies of cooperation in a preindustrial society, spanning 8 years. Using longitudinal social network analysis of cooperation among men, we find large effects of kinship, reciprocity and transitivity in the nomination of cooperation partners over time. Independent of these effects, we show that (i) higher-status individuals gain more cooperation partners, and (ii) individuals gain status by cooperating with individuals of higher status than themselves. We posit that human hierarchies are more egalitarian relative to other …

Automation Potential And Artificial Intelligence, Ember Smith, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet highlights the automation potential in the Mountain West states (Nevada, Utah, Arizona, New Mexico, and Colorado) and its metropolitan statistical areas using the findings of Automation and Artificial Intelligence: How machines are affecting people and places, a report by the Brookings Institution.

Chmura Economic Diversity Index: Nevada Counties And Southwest Metros, Madison Frazee-Bench, Caitlin Saladino, William E. Brown

Economic Development & Workforce

This Fact Sheet highlights Nevada and Mountain West data from the 2018 Economic Diversity Index (EDI), prepared by Chmura Economics & Analysis the economic diversity data details the disparities within counties in Nevada. The tables below show the different levels of economic diversity that exist in Nevada’s counties and other relevant metropolitan statistical areas (MSAs).

Economic Innovation Group (Eig) 2018 Distressed Communities Index (Dci): Nevada Counties, Lauren Fousek, Caitlin Saladino

Economic Development & Workforce

This Fact Sheet highlights the Economic Distress Indicators (EDI) for the 17 counties within Nevada. Using the Economic Innovations Group1 DCI (Distressed Communities Index),2 the Tables that follow report EDI for each of the 17 counties in Nevada, grouped within two time-frames (2007-2011 and 2012-2016), and showing change over time. The data provides the opportunity to compare how the Great Recession affected communities across the nation and how the ongoing recovery is reshaping the economies and social networks of our nation.

Measuring Impacts Of Uncertainty, Irreversibility, And Loss Aversion On The Adoption Of Crop Canopy Sensors Among Nebraska Corn Producers, Brooks Ronspies

Department of Agricultural Economics: Dissertations, Theses, and Student Research

Understanding barriers to adoption of Precision Agricultural Technologies (PATs) is important to the growth of agricultural productivity, efficiency, and sustainability. This thesis proposes and evaluates a model for estimating the impact of uncertainty, irreversibility, and loss aversion on producers’ adoption of crop canopy sensors in order to explain adoption behavior that contradicts previous expectations about the conditions necessary for technology adoption. The model is evaluated using estimated statistical distributions of price and field characteristics designed to match observations of actual corn and nitrogen prices, and of conventional and crop canopy sensor based nitrogen application. Results from this model using expected …

Economic Inequality, Regional Development, And Internal Migration In Indonesia, Khoirunurrofik Khoirunurrofik

Economics and Finance in Indonesia

This study aims to probe the determinants of inter-provincial migration flows in Indonesia and how economic and development changes affect migration patterns. We employ three census periods, 1990, 2000, and 2010. Our study finds that an increase in relative inequality between origin and destination provinces decreases inter-provincial migration and relatively high distance elasticity in Indonesia leads to high migration cost. People are more inclined to migrate due to push factors as opposed to pull factors from the destination region, thus indicating a strong relationship between the level of regional development and the willingness of people to migrate.

Microcredit Accessibility In Rural Households: Evidence From Indonesia, Danang Budi Santoso

Economics and Finance in Indonesia

Extant literature suggests that microcredit may improve borrowers social and economic welfare. This study aimed to investigate the microcredit accessibility of rural households in Indonesia. Binary Logistic regression was used to distinguish the characteristics of microcredit borrowers and non-borrowers, and the factors affecting the approval of microcredit application. Primary data was collected through a survey on 488 rural households in Bantul, Yogyakarta. The empirical results suggested that age, marital status and education attainment significantly affect the characteristics of clients and non-clients of microcredit. The results also revealed that age of borrowers, household income, interest rates, and loan duration are key …

Does Gender Diversity In The Boardroom Improve Firm Performance? Evidence From Indonesia, Pananda Pasaribu

Economics and Finance in Indonesia

This study investigates board gender diversity in Indonesia's listed firms and its effect on firm performance from 2011-2016. After addressing the endogeneity of diversity, the results in this paper show that the proportion of female in the boardroom marginally improve firm performance. Firms with two or more female in the boardroom have a stronger impact on firm performance than firms with one female in the boardroom, consistent with the critical mass effect. Finally, certain sectors will gain more benefits of appointing females in the boardroom. The results suggest that increasing gender diversity in the boardrooms can have beneficial effects on …

The Effect Of Hedging With Financial Derivatives On Firm Value At Indonesia Stock Exchange, Prof. Dr. Budi Frensidy

Economics and Finance in Indonesia

This study aims to analyze the effect of hedging for the risks of foreign currency, interest rate, and commodity price on firm value as measured by Tobin's Q. The findings reveal that hedging with derivative instruments is insignificantly related to firm value but significantly varied in financial risks. Hedging for foreign currency risk has a significantly positive relation to firm value, while hedging for interest rate and commodity price risk has no relation. Furthermore, this study provides a novelty compared to previous studies in the utilization of the extent of hedging as the variable to measure the implementation of hedging.

Promoting The Indonesian Special Economic Zones For Tourism: Lessons From Mandalika And Tanjung Kelayang, Latif Adam

Economics and Finance in Indonesia

This paper aims to analyze the design and implementation of the policy to develop tourism special economic zones (TSEZs) in Indonesia with special reference to Mandalika and Tanjung Kelayang. Using descriptive analysis, it is revealed that these TSEZs have not attracted many investors yet. The policy design to promote the two TSEZs is unattractive, unclear, and at odds with the characteristics of the tourism sector. Furthermore, the implementing institutions have insufficient capacity and professionalism to implement the policy. Various critical actions are necessary to take. First, accelerating the provision of infrastructure. Second, clarifying several regulations to be in compliance with …

Toward Car Free Key West, Mary Bishop

Journal of Transportation Demand Management Research

This paper explores the transportation problems created by the large volume of tourist arrivals to the island of Key West, Florida. A survey of visitors to the island was conducted to uncover their perspectives related to the barriers and benefits of various transportation modes in hopes to inform City staff on the development of transportation options that will meet the needs and desires of tourists. The results from 398 respondents revealed a variety of trends, including varying travel choices depending on the number of visits, where visitors were from, and arrival types. From these trends, priority groups for behavior change …

The Effects Of The Chinese Imports On Brazilian Manufacturing Workers, Lourenco Paz, Kul Kapri

College of Humanities and Social Sciences Departmental Research

This study examines the impacts of imports from China and from the Rest of the World (ROW) on the wages of Brazilian manufacturing workers during 2000–2012. In this period, import penetration in Brazil grew by 25 percent, and the Chinese share of it increased from 3 to 20 percent. Using household survey data that encompass both formal and informal workers, we find that imports from China and from the ROW had different effects on manufacturing skilled and unskilled workers’ wages. Both the skilled and unskilled workers were negatively affected by an increase in the Chinese import penetration of intermediate inputs. …

Rhode Island Current Conditions Index -- August 2019, Leonard Lardaro

The Rhode Island Current Conditions Index

No abstract provided.

Settling In: The Consequences Of Legal Origins And Institutional Variety For Immigrant Labor Market Integration In Oecd Countries, Jennifer Kuklenski

Dissertations

Drawing upon theories of institutional variety, this research seeks to determine whether or not immigrant labor market outcomes are better in countries with 1) liberal market economies and deregulated labor markets; and 2) countries with supply-driven immigration systems. Non-parametric Kolmogorov-Smirnov and Mann-Whitney U tests are combined with parametric time series, GLS regression analysis of panel data to estimate the impact and significance of legal origins (common versus civil law systems) and merit-based immigration policy on 1) labor market participation; 2) unemployment; and 3) employment by educational attainment in 28 OECD countries between the years 2001-2016. The analysis controls for other …

Freshwater Conservation, Drinking Water Quality And Climate Change Adaptation: A Case Study On Nepal, Samrat B. Kunwar

Economics ETDs

Our world today faces a myriad of unprecedented environmental challenges that transcends spatial and temporal reach. These problems involve interconnected ecological and social systems operating on multiple scales and include issues like climate disruption, water stress, food security, biodiversity loss, over-population and species declines and extinctions.These issues are more acute in rapidly growing nations like Nepal, where environmental protection is often considered a luxury. Such environmentally unsound development practices will not only create an imbalance in the ecological and the social functioning and dynamics, but it also threatens the future development of the country itself. In this dissertation, I investigate …

Optimal Vehicle Use In The Presence Of Episodic Mobile-Source Air Pollution, Arthur J. Caplan, Ramjee Acharya

Applied Economics Faculty Publications

This paper develops a conceptual model of vehicle trips in a region plagued by weather-dependent, mobile-source air pollution, and numerically estimates optimal trips for one of the nation's perennially worst air quality regions in terms of short-term particulate matter. Based upon data-driven parameters and damage estimates, our numerical model generates optimal values for region-wide vehicle trips and associated PM_2.5 concentrations along with their corresponding time paths. Our dataset includes a host of pertinent weather variables that determine PM_2.5 concentrations both independently as well as interacted with vehicle trips. As a result, our empirical model enables us to isolate …

Can Mergers And Acquisitions Internalize Positive Externalities In Funding Innovation?, Leo Li, Mark Liu

Institute for the Study of Free Enterprise Working Papers

Fundamental innovation usually involves huge upfront costs, but the benefits are spread across various sectors of the economy. Given the large costs and limited appropriability of the benefits associated with the innovation, individual firms underinvest in these innovations relative to the socially optimal level. We find that mergers and acquisitions (M&As) can internalize the positive externalities by merging firms from both the user industries and the producer industries of an innovation. Using the US patent citation dataset, we define the user and producer relationship between each pair of industries and between each pair of industry and technological class. We then …