Economics Commons^™

Research On Concentration Force Of Goods In Ports Across The Taiwan Strait, Yucong Xie

World Maritime University Dissertations

No abstract provided.

Exploring The Spillover Effects Between The Cargo Market And Shipping Market : The Case Of The Dry Bulk Market, Yifeng Li

World Maritime University Dissertations

No abstract provided.

Research On Quantity Discount Pricing By Container Liner Shipping, Runzhe Zhao

World Maritime University Dissertations

No abstract provided.

The Impact Of The Covid-19 Pandemic On Economic Behaviours And Preferences: Experimental Evidence From Wuhan, Jason Shachat, Matthew J. Walker, Lijia Wei

ESI Working Papers

We examine how the emergence of Covid-19 in Wuhan, and the ramifications of associated events, influence pro-sociality, trust and attitudes towards risk and ambiguity. We assess these influences using an experiment consisting of financially incentivized economic tasks. We establish causality via the comparison of a baseline sample collected pre-epidemic with five sampling waves starting from the imposition of a stringent lock- down in Wuhan and completed six weeks later. We find significant long-term increases - measured as the difference between the baseline and final wave average responses - in altruism, cooperation, trust and risk tolerance. Participants who remained in Wuhan …

Annie’S Project: Know Your Numbers, Know Your Options, Jessica Groskopf

Cornhusker Economics

To help farmers and ranchers improve their record keeping and decision making, Nebraska Extension has hosted several Know Your Numbers, Know Your Options courses across the state since October 2019. These programs are inspired by Annie’s Project.

Annie's Projects are educational courses for wom-en that focus on agricultural risk management topics. These hands-on programs aim to increase the knowledge, skills, and abilities of attendees. They encourage attendees to ask questions, connect with participants and speakers, and share their experiences.

When Do Consumers Talk?, Ishita Chakraborty, Joyee Deb, Aniko Öry (Oery)

Cowles Foundation Discussion Papers

The propensity of consumers to engage in word-of-mouth (WOM) differs after good versus bad experiences, which can result in positive or negative selection of user-generated reviews. We show how the dispersion of consumer beliefs about quality (brand strength), informativeness of good and bad experiences, and price can affect selection of WOM in equilibrium. WOM is costly: Early adopters talk only if they can affect the receiver’s purchase. Under homogeneous beliefs, only negative WOM can arise. Under heterogeneous beliefs, the type of WOM depends on the informativeness of the experiences. We use data from Yelp.com to validate our predictions.

When Do Consumers Talk?, Ishita Chakraborty, Joyee Deb, Aniko Öry (Oery)

Cowles Foundation Discussion Papers

The propensity of consumers to engage in word-of-mouth (WOM) can differ after good versus bad experiences. This can result in positive or negative selection of user-generated reviews. We show how the strength of brand image - determined by the dispersion of consumer beliefs about quality - and the informativeness of good and bad experiences impact the selection of WOM in equilibrium. Our premise is that WOM is costly: Early adopters talk only if their information is instrumental for the receiver’s purchase decision. If the brand image is strong, i.e., consumers have close to homogeneous beliefs about quality, then only negative …

The Long-Term Labor Market Effects Of Parental Unemployment, Bernhard Schmidpeter

Upjohn Institute Working Papers

I investigate the impact of parental unemployment on children’s educational attainment and long-run labor market outcomes in Austria. I find that parental unemployment shortly before an important educational decision by parents for their children lowers a child’s probability of holding a university degree by more than 5 percentage points. I do not find that income is affected at the beginning of a child’s labor market career along the distribution, but I find a gradual deterioration later on. A substantial share of these long-term losses can be explained by the lower parental investment decision. My results emphasize the intergenerational and long-lasting …

Does Free Information Provision Crowd Out Costly Information Acquisition? It’S A Matter Of Timing, Diego Aycinena, Alexander Elbittar, Andrei Gomberg, Lucas Rentschler

ESI Working Papers

We consider the issue of how timing of provision of additional information affects information-acquisition incentives. In environments with costly attention, a sufficiently confident agent may choose to act based on the prior, without incurring those costs. However, a promise of additional information in the future may be used to encourage additional attentional effort. This may be viewed as a novel empirical implication of rational inattention. In a lab experiment designed to test this theoretical prediction, we show that promise of future “free” information induces subjects to acquire information which they would not be acquiring without such a promise.

Gross Benefit Estimates From Reductions In Allisions, Collisions And Groundings Due To Electronic Navigational Charts, Eric Wolfe, Percy Pacheco

Journal of Ocean and Coastal Economics

Nautical charts are a fundamental tool of marine navigation. Critical information provides for safe and efficient use of our waterways and for protection of our marine environment. NOAA nautical charts developed by the Office of Coast Survey (OCS) are mandatory on commercial ships that carry America’s foreign commerce. NOAA’s charts are also used on every Navy and Coast Guard ship, fishing and passenger vessels, and are widely carried by recreational boaters. They directly support NOAA’s goal to “promote safe navigation” and the Department of Commerce’s goal of promoting U.S. competitiveness in the global marketplace. Data from the Physical Oceanographic Real-Time …

Preserving History Or Property Values: Historic Preservation And Housing Prices In Washington, Dc, Lev Klarnet

Undergraduate Economic Review

Neighborhood historic preservation has been highly controversial in Washington, DC, as proponents claim it preserves valuable architecture and critics claim in increases unaffordability. Using a dataset of all residential and condominium property sales in DC between 1992 and 2019, I find that the effect of historic designation on property values within historic districts is heterogeneous. While residential property values increase by 9%, condominium prices fall by 6.3% after designation. This paper also uniquely controls for endogeneity—which arises if in response to rising housing prices, neighborhood groups seek historic designation—by researching the party that nominated each historic district.

Stock Market Transmission Channel Of Monetary Policy: Empirical Evidence From Turkey, Ilhami Gunduz

Publications and Research

Monetary policy is one of the instruments that policymakers use to provide both sustainable economic growth and price stability. In this study, I analyze the stock market transmission channel of the monetary policy of the Turkish economy not only at the aggregate but also at the sectoral level in a structural vector autoregression (SVAR) framework. I adopt alternative variables as a policy instrument. When the spread is used as a policy instrument, I find that contractionary monetary policy has a significant negative effect on both output and the price level, and it appreciates the Turkish Lira. Besides, the tight monetary …

Predictors Of Social Distancing And Mask-Wearing Behavior: Panel Survey In Seven U.S. States, Plamen Nikolov, Andreas Pape, Ozlem Tonguc, Charlotte Williams

Economics Faculty Scholarship

This paper presents preliminary summary results from a longitudinal study of participants in seven U.S. states during the COVID-19 pandemic. In addition to standard socio-economic characteristics, we collect data on various economic preference parameters: time, risk, and social preferences, and risk perception biases. We pay special attention to predictors that are both important drivers of social distancing and are potentially malleable and susceptible to policy levers. We note three important findings: (1) demographic characteristics exert the largest influence on social distancing measures and mask-wearing, (2) we show that individual risk perception and cognitive biases exert a critical role in influencing …

The Ages Of Globalization: Geography, Technology, And Institutions, Brenda Massetti

Journal of Global Awareness

No abstract provided.

Continued Impact Of International Financial Reporting Standards On U.S. Generally Accepted Accounting Principles, Sylwia Gornik-Tomaszewski, Victoria Shoaf

Journal of Global Awareness

The milestone outcomes of over a decade of close cooperation between the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) on the convergence of U.S. Generally Accepted Accounting Principles (U.S. GAAP) and International Financial Reporting Standards (IFRS) have been highly publicized in the professional media. Great attention has been paid to such joint FASB and IASB projects as accounting for business combinations, fair value measurement, and revenue recognition. The impact of U.S. GAAP on IFRS has also been discussed and highlighted in many professional and academic resources. It should come as no surprise since FASB is …

Preparing Law Students For The Future Of Work, Technology, And Globalization, Tashfeen Ahmad

Journal of Global Awareness

This paper aims to assist lecturers, universities, and their administrators in improving their law degrees. This is in the context of the future of work. This paper will reflect on how to tailor a law degree to improve the employability of students with this degree. This piece emerged as a viewpoint to identify best practices to prepare a law student for better employability. Significant benefits and opportunities can be unlocked if educators apply and incorporate the findings from this piece. Educators should rethink how they deliver law degrees, keeping in mind the emerging trends in their respective job markets. This …

Combatting Covid-19 In Hungary, Marietta Pókay

Journal of Global Awareness

2020 has witnessed an allegedly unprecedented situation by the outbreak of the new coronavirus pandemic. Some countries are hit more harshly by COVID-19 than others, but we all suffer the medical, economic, and social consequences, although to various extent. Hungary does not perform badly in managing the situation. This article briefly describes how Hungary handles the healthcare and economic issues raised by this pandemic.

Music For One World: Moroccan Musical Experience Of Diversity, Fusion, Happiness, Healing, And Peace, Mark Reimer

Journal of Global Awareness

Although steeped in Islamic religion and culture, Morocco is a land of varying influences and histories, including those of the native Berbers, the Moors and Jews driven out of Spain, those who follow the pious Sufi culture of Islamic spiritualism, and the Gnawa slaves who were brought into southern Morocco by Arabs. The music, customs, values, and everyday lives of these disparate peoples continue to not only blend with each other’s but also to fuse Moroccan music and culture with those of Europe, Africa, and America. The influence of Moroccan music continues to play a vital role in shaping contemporary …

Reflections On Globalization From Behind The Closed Quarantined Door, Andrzej Sankowski

Journal of Global Awareness

There are opinions that coronavirus will cause the end of globalization. Using examples of the European Union’s and the United States’ reaction to the pandemic crisis and other factors, this essay argues that the coronavirus will not destroy globalization but transform it into another form. This essay identifies some evolving trends and indicators triggering certain processes and suggests directions and solutions that seem to be emerging. Conditions before and reactions to the pandemic are influencing the process and the outcomes.

Notes From The Editor, Jay Nathan

Journal of Global Awareness

No abstract provided.

Letter From The Editor, Jay Nathan

Journal of Global Awareness

No abstract provided.

Geography Of Debt In Nevada Counties, Eshaan Vakil, Peter Grema, Caitlin J. Saladino, William E. Brown Jr.

Demography

This Fact Sheet summarizes and expands on the Urban Institute’s Debt in America: An Interactive Map online interactive dataset. The original data source offers statistics on the share of individuals in both white communities and communities of color with debt in collections, as well as the median value of this debt. The dataset further itemizes this information by medical, student loan, and automobile debt organized within counties and states. Data are presented for white communities and communities of color in Nevada’s most populous counties: Clark and Washoe.

New Kid On The Blockchain: The Rise Of Cryptocurrency In The Global Arena: Humanitarian Usage With Blockchain, Rhonda S. Binda

Open Educational Resources

In 2018, the world was shaken by the fast rise of Bitcoin and other cryptocurrencies that use a decentralized, blockchain technology for payment transfers outside of the traditional banking system. The potential impact this alternative form of banking could have in the medium and long term on the over 2 billion people globally unbanked is tremendous. Additionally, blockchain itself is being used for value transfer combined with bio and genetic tagging technologies in refugee camps for example, bringing to rise a new era where technology for development is disrupting education, healthcare and security programs globally.

Heterogeneous Paths Of Industrialization, Federico Huneeus, Richard Rogerson

Cowles Foundation Discussion Papers

Industrialization experiences differ significantly across countries. We use a benchmark model of structural change to shed light on the sources of this heterogeneity and, in particular, the phenomenon of premature deindustrialization. Our analysis leads to three key findings. First, benchmark models of structural change robustly generate hump-shaped patterns for the evolution of the manufacturing sector. Second, heterogeneous patterns of catch-up in sectoral productivities across countries can generate variation in industrialization experiences similar to those found in the data, including premature deindustrialization. Third, differences in the rate of agricultural productivity growth across economies can account for a large share of the …

Brave New World - The Rise Of Cities Globally: Urbanizationmeets Technological Innovation And Digitization, Rhonda S. Binda

Open Educational Resources

The trifecta of globalization, urbanization and digitization have created new opportunities and challenges across our nation, cities, boroughs and urban centers. Cities are in a unique position at the center of commerce and technology becoming hubs for innovation and practical application of emerging technology. In this rapidly changing 24/7 digitized world, city governments worldwide are leveraging innovation and technology to become more effective, efficient, transparent and to be able to better plan for and anticipate the needs of its citizens, businesses and community organizations. This class will provide the framework for how cities and communities can become smarter and more …

The Effects Of Admission To Jail On Crime Rate In Mclean County, Illinois, Derek Conley

Student Research – Stevenson Center

The relationship between crime and incarceration is growing in interest in the United States. The United States incarceration rate is often double or triple the rate of other Organization for Economic Co-operation and Development (OECD) countries. The hardline approach the United States has taken on crime has many citizens and academics questioning its effectiveness on achieving safer communities. Traditional theory suggests incarcerating individuals for deviant behavior reduces the crime rate through the mechanisms of incapacitation, deterrence, rehabilitation, and retribution. However, some scholars believe concentration of incarceration in neighborhoods disrupts the social fabric of the neighborhood and produces the opposite of …

Risk Management Needs And Challenges For Agriculture, Bradley D. Lubben

Cornhusker Economics

Farmers and ranchers must continually manage risk in their operations to be successful. But the amount of risks and challenges they have faced over the past few months and years seems almost unprecedented. From financial challenges toproduction and market shocks to public health scares and policy developments, agriculture has had to respond and adapt to a wide range of issues.

Health And Profit In Student Housing During The Covid-19 Pandemic, Austin Mcneill Brown

Population Health Research Brief Series

The decision to reopen some U.S. universities during the current COVID-19 pandemic may be tied to private financial interests in student housing.

The Role Of Cost, Scale, And Property Attributes In Landowner Choice Of Stormwater Management Option., W. Bowman Cutter, Alexander Pusch

Pomona Economics

Cities throughout the world are experimenting with Low Impact Development (LID) strategies to replace ecosystem services degraded by urbanization. Stormwater management may need both centralized/publicly-managed infrastructure and decentralized provision by landowners. For landowners to participate in these programs they will need some latitude in the choice of techniques and siting. However, these landowner choices will affect the bundle of ecosystem services provided (such as infiltration, aesthetics, pollution filtering, and others) as well as their spatial distribution. We studied the Santa Monica (CA) stormwater regulations that require stormwater management on a large portion of development and redevelopment but allow a significant …

Diagnosing Housing Fever With An Econometric Thermometer, Shuping Shi, Peter C. B. Phillips

Cowles Foundation Discussion Papers

Housing fever is a popular term to describe an overheated housing market or housing price bubble. Like other financial asset bubbles, housing fever can inflict harm on the real economy, as indeed the US housing bubble did in the period following 2006 leading up to the general financial crisis and great recession. One contribution that econometricians can make to minimize the harm created by a housing bubble is to provide a quantitative `thermometer’ for diagnosing ongoing housing fever. Early diagnosis can enable prompt and effective policy action that reduces long term damage to the real economy. This paper provides a …