Industrial Organization Commons^™

Essays On Market Inefficiencies Arising From Information Asymmetry And Market Power, Ming Ge

Doctoral Dissertations

This dissertation comprises three chapters that empirically investigate various kinds of market inefficiencies arising from seller misbehaviors. The first two chapters focus on physicians' overtreatment in healthcare markets. A standard reputation system falls short of effectively curbing overtreatment due to the credence-good nature of such a market: patients cannot tell whether a high-cost treatment recommendation (versus a less costly and complex treatment) is necessary even after the service is completed. In the first chapter, I propose a novel solution to reinstate the function of reputation by combining a reputation mechanism with patient search for second opinions. I conduct a laboratory …

The Economics Of Information And Communication Technologies In Our Society, Augusto Espin

Doctoral Dissertations

Information and Communication Technologies (ICTs) play a fundamental role in today's society. As ICTs they become more mature and widely adopted, societies become more dependent on their use to operationalize daily activities. However, there are multiple societal impacts of ICTs that are not yet well understood. In this dissertation, I explore three different aspects of ICTs that have been widely discussed by media and industry during recent years. I analyze these topics from an economic perspective, contributing to the debate with rigorous modeling and the ensuing discussion of its implications. First, I study the impact that the COVID-19 pandemic had …

Three Essays On The Political Economy Of Cultural Production And Creative Labor, Luke Pretz

Doctoral Dissertations

This dissertation investigates the relationships between capital, cultural production, and creative labor. Essay one theorizes the basis for the intensification of pop music stardom following the introduction of on-demand streaming technology. Prior to the emergence of on-demand streaming, record labels and broadcasters had a mutualistic relationship, wherein the near cost-free music provided by record labels formed the basis for radio broadcasts, which in turn formed the basis for the consumption of that music. Following the emergence of on-demand streaming the mutualistic relationship was ruptured. Broadcasters, in the form of streaming platforms, transitioned to the cost-efficient cultivation of masses of highly …

Essays On Advertising, Sodium Intake, And Soda Taxes, Ezgi Cengiz

Doctoral Dissertations

This dissertation empirically explores the economics of advertising, sodium intake, and sweetened beverage taxes in food and beverages industries in the United States. I use recent advances in econometrics and statistics and provide causally interpretable results to deepen our understanding of how individuals respond to changes in advertising and public health policies in consumer packaged good industries. In the first chapter, titled “Is traditional advertising effective? New evidence from mass-produced lager beer in the United States,” I present new evidence regarding the effectiveness of traditional advertising on product demand for mass-produced lager beer in the United States using …

Three Essays On Public Policy And Welfare In Developing Countries, Alvaro Jeronimo Callejas

Doctoral Dissertations

Developing countries typically implement public policies that modify the market structure to reach a specific goal. However, in this attempt to achieve a policy objective, policymakers may not consider unintended consequences caused by firms' and consumers' optimizing behavior. Moreover, the reaction of market agents to the implemented policy may undermind its effectiveness or lead to an outcome opposite to the one persuaded. This dissertation uses a set of structural models to assess the welfare effect of both intended and unintended consequences of public policies introduced in developing countries. In the first chapter, we evaluate the welfare implications of a public …

World Profit Rates, 1960-2019, Deepankar Basu, Julio Huato, Jesus Lara Jauregui, Evan Wasner

Economics Department Working Paper Series

In this paper we present estimates of the world profit rate using country-level data from the Extended Penn World Table 7.0 and industry-level data from the World Input Output Database. The country-aggregated world profit rate series spans the period from 1960 to 2019, and the industry-aggregated world profit rate series runs from 2000 to 2014. The country-aggregated world profit rate series displays a strong negative linear trend for the period 1960-1980 and a weaker negative linear trend from 1980 to 2019. A medium run decomposition analysis reveals that the decline in the world profit rate is driven by a decline …

Essays On Franchising In The Service Industry, Jung Hwan Koh

Doctoral Dissertations

In this dissertation, I explore behavior of firms in franchising, a form of vertical structure that lies between vertical integration (a single firm) and vertical separation (separate firms). Even though franchising contracts outline legal terms and conditions for franchisees (downstream firms) and obligations for franchisors (upstream firms), conflicts between these two parties can arise due to information asymmetries and principal-agency problems. Rather than analyzing these problems, I explore specific conditions in which either a franchisee or a franchisor can exercise more control over the other party and thereby increase its profits. Specifically, I examine the role that: a) multi-unit ownership …

The Historical And Legal Creation Of A Fissured Workplace: The Case Of Franchising, Brian Callaci

Doctoral Dissertations

This dissertation explores the consequences of institutional change in capitalist firms, focusing on vertical dis-integration, the legal boundaries of the firm and what David Weil has called workplace "fissuring," in which corporations place intermediaries (subcontractors, temp agencies, or franchisees) between themselves and workers, often with negative consequences for workers. It focuses specifically on franchising, a type of fissured workplace in which one firm outsources retail operations to smaller, legally independent franchisees. The first chapter uses archival sources to identify the legal and policy changes driving workplace fissuring in the franchising context: specifically the relaxing of antitrust prohibitions on vertical restraints …

Pro-Social Consumer And Firm Behavior In Imperfectly Competitive Regional Agricultural Markets, Jill Fitzsimmons

Doctoral Dissertations

In this dissertation, I combine field research, econometric methods, and economic theory to analyze a market in which both firms’ and consumers’ choices are motivated by social preferences. This work contributes to the fields of behavioral economics, industrial organization, and local food systems economics. The dissertation expands the growing literature on social preferences to incorporate firms’ choices that are motivated by utility maximizing objectives in an environment that allows endogenous equilibrium prices and quantities. Firms with social preferences operate in a competitive environment in which they may face downstream market power. In particular, the research focuses on intermediated Farm to …

Constraining Labor's “Double Freedom”: Revisiting The Impact Of Wrongful Discharge Laws On Labor Markets, 1979-2014, Eric Hoyt

Doctoral Dissertations

I study the impact of wrongful discharge laws, a form of employment protection in the U.S., on union membership, wages, job tenure, and on-the-job training. There are several important contributions of this work to the previous social science research on the topic: First, I update the legal adoption dataset to 2014. Second, this is the first examination to date of the link between wrongful discharge laws and unions. Third, this is the first analysis that is able to include firm size controls in the investigation of the impact of wrongful discharge laws on wages. Finally, this analysis is the first …

Interpreting, Stephanie Jo Kent

Doctoral Dissertations

What do community interpreting for the Deaf in western societies, conference interpreting for the European Parliament, and language brokering in international management have in common? Academic research and professional training have historically emphasized the linguistic and cognitive challenges of interpreting, neglecting or ignoring the social aspects that structure communication. All forms of interpreting are inherently social; they involve relationships among at least three people and two languages. The contexts explored here, American Sign Language/English interpreting and spoken language interpreting within the European Parliament, show that simultaneous interpreting involves attitudes, norms and values about intercultural communication that overemphasize information and discount …

Empirical Studies On The Effectiveness Of Soda Taxes To Curb Obesity, Francesca Colantuoni

Doctoral Dissertations

This dissertation presents a series of empirical studies to evaluate the effectiveness of soda taxes to curb the obesity epidemic. Chapter 1 describes the extent and severity of the obesity problem in the U.S., and discusses the policy interventions that have been proposed or enacted with the intent to fight obesity (e.g., sales taxes). Chapter 2 contains a study on the effect of two tax events on soda consumption: a 5.5% sales tax on soft drinks imposed in Maine in 1991, and a 5% sales tax on soft drinks levied in Ohio in 2003. We investigate this question by using …

The Influence Of Industry Mix On Regional New Firm Entry, Henry C. Renski

Henry C Renski

Per capita rates of entry are commonly used to measure regional entrepreneurial climate. Yet entry rates vary widely by industry and tend to mirror existing regional specializations. Without controlling for industry mix, factors associated with regional differences in entry may describe the industry base rather than entrepreneurial climate. This study finds that while industry mix explains a potentially large portion regional variation in entry, it does not radically alter the relative standing of the most highly ranked regions. Most of the factors commonly associated with the regional entrepreneurial climate remain significant after purging the data of industry mix effects. However, …

Reclamation - An Eco-Industrial Park In Greenfield, Massachusetts, Sage W. Sluter

Landscape Architecture & Regional Planning Honors Projects

Sustainable Industrial Design
Reclaiming a Brownfield in Greenfield, Massachusetts
Abstract:
For the senior capstone project at the University of Massachusetts, this student completed a conceptual site design project for the City of Greenfield. The City of Greenfield wishes to redevelop the Brownfield site, currently known as the Bendix Property, into an eco- industrial park. Working closely with the City’s officials, the student created a realistic vision for the site. After twenty years of soil and groundwater treatment, the site is ready to come back to life. The student investigated what an eco -industrial park is, and how the businesses cooperate …

Miami Furniture Study, Center For Economic Development

Center for Economic Development Technical Reports

This research project, under the guidance of Dr. John Mullin and Professor Zenia Kotval, sought to study and examine Miami's fledgling furniture cluster as well as key elements of the American furniture industry. I believe that this report presents an honest unbiased "snapshot" of the American furniture industry and the City of Miami's furniture design district. All of the information contained within this report has been cited and referenced to the best of my ability.

Industrial Clusters And Institutional Support: A Case Study The Plastics Cluster In The Montachusetts Region And It's Training Needs, Center For Economic Development

Center for Economic Development Technical Reports

The purpose of this research and the dual papers is to comprehensively explore industrial clusters by looking at a number of examples, and then examine in greater detail, the Montachusetts Region in north central Massachusetts where the plastics industry has a strong base. The current weakness of the plastics industry will be identified and tackled.

The shift in organizational structure from global mass producing giants to industrial clusters that focus on flexible specialization, influenced many studies throughout the 1980s and 1990s. This paper will feed from these studies and expand on the role of institutional support networks.

The Implications And Development Of Telecommunications, Center For Economic Development

Center for Economic Development Technical Reports

The Federal Communications Commission (FCC) mandates that personal wireless companies develop their systems so that adequate service is provided to the public. Section 704 of the Telecommunications Act of 1996 governs federal, state and local government oversight of siting of "personal wireless service" facilities (Wireless Telecommunications Bureau, 1996). The FCC published a Fact Sheet in April of 1996 which summarizes the key provisions of section 704. The summary is as follows:

Local zoning authority over the placement, construction., and modification of personal wireless service facilities is maintained by the Act. However, zoning may not:

1. discriminate between different personal wireless …

Looking At Market Square: Toward A Development Concept For Chicopee Center, Center For Economic Development

Center for Economic Development Technical Reports

This report presents a series of marketing and economic development strategies for the central business district in Chicopee Center known as the Market Square area. The City of Chicopee, along with the cities of Holyoke and Springfield, is part of the urban center of the Pioneer Valley region. Like many older industrial cities, and like many cities with a small downtown area, Chicopee finds its economic fortunes at an ebb. Although Chicopee is certainly not a city in distress, it is believed that steps should be taken to ensure that the Market Square area does not slip into serious decline. …

Industrial Lands Survey Worcester, Massachusetts, Center For Economic Development

Center for Economic Development Technical Reports

The purpose of this report is to provide the Worcester City Manager's Office of Planning and Community Development with an inventory of industrially zoned properties within the City's designated Economic Opportunity Areas (EOA): Southern District, Pullman Street, Greendale, and Northeast. This inventory includes a database consisting of property information for all four EOAs, as well as a more detailed analysis of the Main South Industrial Cluster of the Southern District EOA.

The first two chapters of the report provide a brief introduction to the City and the project, highlighting the economic history of Worcester and the region. As the region …

Overall Economic Development Program For The Gardner Labor Market Area Of Massachusetts, Center For Economic Development

Center for Economic Development Technical Reports

In July of 1992 Mr. Michael D. Gerry, chairman of the Gardner Redevelopment Authority, contacted the Gardner Office of Planning and Community Development about the community's status regarding its eligibility for E.D.A. funding for a proposed industrial park. In follow-up discussion with the planning office and Mr. William Fitzhenry of the regional EDA Office, it was determined that while Gardner was within an approved area, it needed to prepare a current O.E.D.P., as the most recent one had been approved by the E.D.A. in April of 1975. In as much as the last report had been developed under the direction …

Inventory Of Industrial Property Executive Summary Franklin County, Massachusetts, Center For Economic Development

Center for Economic Development Technical Reports

It is not uncommon for cities and towns to actively seek economic and industrial development in times of economic stress. However, the desire to promote industrial activity and broaden the tax base is often left to the government or the town leaders. Town residents do not necessarily share this vision of development with town government. Industry, especially in rural Massachusetts, is still perceived as belching smokestacks creating myriad environmental problems.

Although a large number of towns wish to broaden the tax base and share the tax burden with new development, few have positioned themselves well to gain from or proactively …

Impacts Of Decreased Military Spending In Western Massachusetts Communities: Some Preliminary Considerations, Center For Economic Development

Center for Economic Development Technical Reports

The following report addresses how the current changes in defense spending will impact communities in Western Massachusetts. It is evident that military spending will continue to decrease. This decrease, combined with the overall decrease in manufacturing industries is having an adverse impact on many communities. The degree of impact and how to offset, or respond to these changes is a concern of many community planners, and is the subject of this report. The information contained in this report is useful for local planners and citizens who may not necessarily have a background in regional economics or industrial development or military …

Developing A Local Organizational Structure For Industrial Development, Center For Economic Development

Center for Economic Development Technical Reports

Many communities in Massachusetts currently utilize a variety of publicly-funded economic development organizations that help to generate and maintain economic activity and growth. Given the importance of economic development to cities and towns that are currently facing high unemployment rates, eroding tax bases and vacant space, it is crucial that these organizations operate effectively and receive the support necessary to continue their operations.

To date, however, the performance of many of these organizations has not been evaluated in a systematic manner, and the extent of their effectiveness is unknown. Only through a formal evaluation process can it be determined if …

Inventory Of Industrial Property For Franklin County, Massachusetts, Center For Economic Development

Center for Economic Development Technical Reports

The inventory is presented in table format to facilitate easy reference. The towns are presented in alphabetical order and each parcel within the town by map and lot number.

A description of table categories is as follows:

• Map/Lot: Each parcel in town has a map and lot number for purposes of assessment. This reference to map and lot number may be used to locate a particular site on an assessor's map. This reference is also key in accessing any site or·owner information.

• Address: This field indicated the address for the site in question.

• Owner: This field provided …

Industrial Feasibility Studies Three Scattered Sites Springfield, Massachusetts, Center For Economic Development

Center for Economic Development Technical Reports

The purpose of this study is to determine the feasibility of developing industrial sites at three locations in the City if Springfield. Due to a shortage of industrial land the City is extremely interested in identifying parcels of land upon which industry can be sited.

The study was undertaken by the Springfield Economic Development Corporation in conjunction with the Center For Economic Development at the University of Massachusetts at Amherst. The objective of the effort was to encourage the development of new or existing industry at sites whose development would be in keeping with the planning goals and objectives of …

Site Feasibility Study Cottage Street Industrial Site, Umass Amherst Center Economic Development

Center for Economic Development Technical Reports

The purpose of this report was to determine the feasibility of developing an industrial park on an 53 acre parcel located along Memorial Drive and Cottage Street in Springfield, Massachusetts.

Comprehensive Industrial Analysis The Paper Industry, Umass Amherst Center Economic Development

Center for Economic Development Technical Reports

The purpose of this report was to examine the paper industry in the Berkshire, Franklin, Hampden, and Hampshire counties of Massachusetts. The overall goal of this study was to identify action steps that would help to retain and expand the industry in the four Western Massachusetts counties.