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Articles 1 - 16 of 16
Full-Text Articles in Economic Theory
Learning Rules Under Asymmetric Information: A Cournot Market Experiment, Marshall H. Pentes
Learning Rules Under Asymmetric Information: A Cournot Market Experiment, Marshall H. Pentes
Honors Theses
I present the use of best response (BR) and imitation (IM) learning rules in experimental Cournot duopoly markets under asymmetric information. In treatment BR, one subject (called BR1) receives, after every round, information about their previous quantity choices, the previous market prices, their previous profits, the previous quantities of the the other firm in the market, and the previous Cournot best response to the quantity of the other firm. In treatment IM, one subject (called IM1) receives, after every round, information about the prior quantities of and profits of both firms in the market. The BR1 and IM1 subjects are …
The International Transracial Adoption Effect: Measuring The Well-Being Of Korean Adoptees Vs. Non-Adopted Korean Americans, Grace H. Jones
The International Transracial Adoption Effect: Measuring The Well-Being Of Korean Adoptees Vs. Non-Adopted Korean Americans, Grace H. Jones
Honors Theses
In this study, I examine the differences in well-being and long-term outcomes between adopted and non-adopted Korean Americans. The vast majority of adopted Korean Americans are placed with white, heterosexual couples, positioning them in a unique position in American society. While they are raised in white families and often disconnected from Korean culture, they are still perceived and treated as Asian by society. Scholars refer to this tension as the transracial adoptee paradox. This study explores how that paradox affects both economic and non-economic outcomes. The analysis finds that adopted Koreans tend to earn higher incomes than their non-adopted peers, …
Chinese Political Rhetoric And Ideology: Tension And Pretension, Israel Paredes
Chinese Political Rhetoric And Ideology: Tension And Pretension, Israel Paredes
Honors Theses
This changing nature of the Chinese government’s ideology leads one to believe that its core beliefs are not dogmatic, despite the foundation for their ideology being rooted in specific societal and economic theories. Starting with Mao Zedong to modern day, the Chinese government officials will continue to support the original tenets (and, no doubt, future presidents’ additions to the tenets). However, the interpretation of their ideology over time is fluid and is used to support policies and actions during a political cycle. Chinese political leaders are unlikely to disagree with a past leaders, and will rather use their own interpretation …
When God Gives You Tomatoes, Don't Import Them From Italy: A Case Study On The Impact Of Supranational Institutional Policy On The Ghanaian Tomato Industry, Kaci Wilcox
Honors Theses
Supranational organizations such as the International Monetary Fund (IMF), the World Bank, and the European Union (EU) have impressed market liberalizing policies upon developing countries for decades in efforts to stabilize their economies and introduce them to global markets. While these programs and the resulting popular scholarly debates are typically geared toward macroeconomic indicators, the way those policies affect industries on the micro level has been somewhat overlooked, especially when considering how such policy over time could affect an individual industry. This thesis studies how supranational organizations such as the IMF, the World Bank, and the EU contribute to the …
The Coronavirus Pandemic And Participation In The Influencer Economy, Emma Grace Richbourg
The Coronavirus Pandemic And Participation In The Influencer Economy, Emma Grace Richbourg
Honors Theses
The 2019 coronavirus pandemic, also referred to as the COVID-19 pandemic, altered day-to-day life and has effected the economy quite notably. The aim of this paper is to determine to what extent the COVID-19 pandemic altered consumer behavior and whether these alterations encouraged participation in the influencer economy, which represents social media influencers who create and monetize online content. In order to do so, I administered a survey to 250 respondents to evaluate the reach of influencers during the pandemic and whether social media users felt the presence of influencers was an effective marketing technique. I also conducted an analysis …
Dynamic Double Auctions: An Analysis Of Secondary Sneaker Market And Its Future As An Nft Marketplace, Chris Zhu
Honors Theses
A theoretical analysis of a dynamic double auction over time shows that greater market density can result in more aggressive trading strategies from buyers and sellers. In addition, my model suggests a fast price discovery period initially, with impatient investors having a more aggressive approach. I confirm these results using resale sneaker data from the StockX website for five deadstock sneakers. I find that market density is positively correlated with bid prices, and the bid-ask spread decreases over time during the price discovery period. However, the results also indicate that sellers price in additional transaction costs and lags in their …
Two Sided Matching: A Study Of Underemployment, Benjamin E. Plevin
Two Sided Matching: A Study Of Underemployment, Benjamin E. Plevin
Honors Theses
This paper lays out a general equilibrium framework to study and predict the underemployment rate. A heterogeneous labor market in which both workers and firms differ in skill type is considered and calibrated to simulate both unemployment and underemployment rates. Qualitatively, the model’s predictions match the empirical evidence suggesting underemployment decreases with increases to unemployment insurance. Quantitatively, the one-shot foundation limits the model’s predictive capabilities.
The Leveling Spirit: Violence And Inequality In Postwar Iraq, Griffin Perrault
The Leveling Spirit: Violence And Inequality In Postwar Iraq, Griffin Perrault
Honors Theses
The Iraq War (2003–2011) constitutes by some estimates one of the deadliest and most destructive conflicts of the 21st century (Hagopian et al., 2013). In addition to the disputed figures of excess violent civilian casualties––generally ranging from 180,000 to 210,000 deaths––the war has created one of the major refugee crises of modern times, with 1 in 25 Iraqis estimated to have been displaced from their homes by the 2003 invasion (Costs of War, 2021). While much of this violence has been wrought by American and Iraqi coalition troops, violence against civilians has also been perpetuated by insurgent groups and paramilitary …
Investigating The Economic Effects Of Food Affordability, Food Access, And Education On Obesity Rates In Mississippi Counties, Youssef Osman
Investigating The Economic Effects Of Food Affordability, Food Access, And Education On Obesity Rates In Mississippi Counties, Youssef Osman
Honors Theses
The growing rate of obesity across the United States is a topic of great concern considering both the health and financial costs associated with the disease. Many researchers have sought to determine the major causes of obesity so that policy suggestions can be made to reduce its occurrence. Some of the referenced drivers of obesity include high food costs, poor access to healthy food, and a lack of knowledge regarding nutrition. This thesis seeks to find the effects of county-level food prices, income, food access, and education level on obesity rates in Mississippi counties. The analysis uses cross-sectional data from …
Naloxone Access And Opioid Use: A Theoretical Analysis, Caroline Dunsby
Naloxone Access And Opioid Use: A Theoretical Analysis, Caroline Dunsby
Honors Theses
Naloxone, commonly known by the brand name Narcan, is a medication that reverses the potentially fatal effects of an opioid overdose. Amidst the opioid epidemic that has taken tens of thousands of lives each year, many policies have been enacted to increase the public's access to naloxone, allowing non-medical personnel to save lives. There have been two distinct reactions to these policies. Those that support the policies state that harm reduction measures are necessary to save lives. Those that oppose the policies claim that by providing naloxone, states may be increasing risky opioid use - suggesting that naloxone leads to …
Game Theory In Cricket, Shabab Ahmed
Game Theory In Cricket, Shabab Ahmed
Honors Theses
The paper uses the natural setting of cricket to test theoretical predictions in game theory. In this setting, the agents play a one-shot-two-person constant sum game. The paper assesses whether trained professionals in cricket follow the `mix' of strategies predicted by Nash equilibria. The test uses a unique dataset derived from commentary data comprising of bowler and batsman strategies and outcomes. The paper creates a model for bowler-bastman interactions in cricket and uses this in conjunction with the data to generate predicted Nash equilibrium frequencies. These predicted frequencies are then compared with the actual frequencies from the data. My study …
Investigating The Effect Crime Has On Uber And Yellow Taxi Pickups In Nyc, Kebing Li
Investigating The Effect Crime Has On Uber And Yellow Taxi Pickups In Nyc, Kebing Li
Honors Theses
How to manage the relationship between Uber and the local taxi industry has been a long-lasting and hot topic for most of the major cities around the world. Whether Uber is stealing money from and undermining the local taxi drivers or it is beneficial for public transportation has no certain conclusions. In this paper, we focus on the city of New York, where both Uber and traditional Yellow Taxi play important roles in public transportation and city culture in general, and we are trying to investigate the factors that are going to affect Uber and Yellow Taxi pickups in New …
Mechanism Design, Matching Theory And The Stable Roommates Problem, Yashaswi Mohanty
Mechanism Design, Matching Theory And The Stable Roommates Problem, Yashaswi Mohanty
Honors Theses
This thesis consists of two independent albeit related chapters. The first chapter introduces concepts from mechanism design and matching theory, and discusses potential applications of this theory, particularly in relation to dorm allocations in colleges. The second chapter investigates a subset of the dorm allocation problem, namely that of matching roommates. In particular, the paper looks at the probability of solvability of random instances of the stable roommates game under the condition that preferences are not completely random and exogenous but endogenously determined through a dependence on room choice. These probabilities are estimated using Monte-Carlo simulations and then compared with …
The Effects Of The One-Child Policy On Household Financial Decisions, Sylvia M. Xu
The Effects Of The One-Child Policy On Household Financial Decisions, Sylvia M. Xu
Honors Theses
The Chinese One-Child Policy, enacted in 1979, was an attempt to decrease the population growth rate following a period of massive social and political confusion and uncertainty. While the policy was beneficial to curbing the population growth in China, it also introduced unintentional consequences, including sex imbalance, and other demographic differences. The goal of this paper is to examine the economic behavior and financial decisions of son-families and daughter-families across different provinces and regions of China, which have varying levels of sex imbalance, as a result of a cultural preference for sons. These financial decisions include the household saving rate, …
Economic Impacts Of The Fifa World Cup In Developing Countries, Mirele Matsuoka De Aragao
Economic Impacts Of The Fifa World Cup In Developing Countries, Mirele Matsuoka De Aragao
Honors Theses
Hosting mega events, which have traditionally been a privilege of developed nations, became an attainable goal for developing countries starting in 2008. This might seem to be a positive step, but there are speculations concerning the real benefits and expenses those games generate. The aim of this thesis is to investigate if it is recommendable for a developing country to host a World Cup. This question is answered through an analysis of the two previous World Cups in South Africa (2010) and Brazil (2014). The research involves comparing before and after data for both countries on government expenditure, labor market, …
A Study Of The Utility And Validity Of Earnings Forecasts, Michael P. Howell
A Study Of The Utility And Validity Of Earnings Forecasts, Michael P. Howell
Honors Theses
According to William J. Casey, the past Chairman of the Securities and Exchange Commission, and recently appointed Under Secretary of State and Economic Affairs, forecasting should be the first and most important priority of all areas of management and public accounting. Only large institutional investment corporations have had access to such "useful" information when needed. Consequently, large investors are able to make more objective and intelligent investment decisions. A recent study determined that few investment corporations veritably have access to pertinent internal forecasting models. In fact, when interviewed, many executives claimed that even if they could procure such information, they …