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Industrial Organization Commons™

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2009

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Articles 1 - 11 of 11

Full-Text Articles in Industrial Organization

Brokerage Industry Self-Regulation: The Case Of Analysts’ Background Disclosures, Lawrence Brown, Artur Hugon, Hai Lu Nov 2009

Brokerage Industry Self-Regulation: The Case Of Analysts’ Background Disclosures, Lawrence Brown, Artur Hugon, Hai Lu

Research Collection School Of Accountancy

We evaluate an industry disclosure initiative designed to inform investors, the practice of providing information regarding investment professionals’ backgrounds. Implicit in the motivation for this initiative is the presumed relevance of background information to investors seeking investment professionals’ guidance. We find that analysts with disclosure incidents forecast less accurately than a matched sample of analysts without such disclosures, and that the market views disclosed analysts’ earnings forecasts as less credible than those of the matched sample. Our evidence is consistent with disclosures signaling a persistent analyst characteristic. We conclude that analyst backgrounds are informative regarding both the accuracy and credibility …


Where Have All The Michigan Auto Jobs Gone?, Randall W. Eberts, George A. Erickcek Oct 2009

Where Have All The Michigan Auto Jobs Gone?, Randall W. Eberts, George A. Erickcek

Employment Research Newsletter

No abstract provided.


Describing The Economic Impact Of The Oil And Gas Industry In Arkansas, Katherine A. Deck, Viktoria Riiman Sep 2009

Describing The Economic Impact Of The Oil And Gas Industry In Arkansas, Katherine A. Deck, Viktoria Riiman

Publications and Presentations

The Arkansas oil and natural gas industries are increasingly important to the state’s economic vitality. As global demand for energy increases, domestic production is put into the spotlight. This study describes the economic impact of the oil and gas industries in Arkansas, focusing on the sector’s economic output, employment, and tax revenues.


Are Credit Unions In Ecuador Achieving Economies Of Scale?, Nick A. Marchio Jul 2009

Are Credit Unions In Ecuador Achieving Economies Of Scale?, Nick A. Marchio

Economics Honors Projects

This study tests the assertion that membership growth in credit unions is constrained by their unique structural features, such as their non-profit mission and member-based ownership. Although these features enhance inclusiveness, existing theory suggest that they work against efficiency when membership grows too diffuse. To address this issue, this study uses a model that takes into account existing theory on constrained-optimization in credit unions and theory on the adverse effects of diffuse ownership. Using data on 36 public credit unions in Ecuador, the empirical analysis finds evidence that credit unions can achieve economies of scale despite their problematic structural features. …


Exploring The Impact Of Economic Downturn And Method To Increase Hotel Sales Department Revenues, Amy Forss Jul 2009

Exploring The Impact Of Economic Downturn And Method To Increase Hotel Sales Department Revenues, Amy Forss

UNLV Theses, Dissertations, Professional Papers, and Capstones

The purpose of this paper is to evaluate how hotel sales are affected by the weak economy and determine a business plan for hotel sales departments to survive through the current economic downturn. The goal is to suggest ways that the sales department can increase revenues and survive through the downturn to come out ahead of the competition. Suggestions will be provided to, in particular, the sales departments of hotels to continue to increase revenues despite travel being down in the United States and internationally. In doing so, it will be important to discuss how down economies have an impact …


Subsidies For Fdi: Implications From A Model With Heterogeneous Firms, Davin Chor Jun 2009

Subsidies For Fdi: Implications From A Model With Heterogeneous Firms, Davin Chor

Research Collection School Of Economics

This paper analyzes the welfare effects of subsidies to attract multinational corporations when firms are heterogeneous in their productivity levels. I show that the use of a small subsidy raises welfare in the FDI host country, with the consumption gains from attracting more multinationals exceeding the direct cost of funding the subsidy program through a tax on labor income. This welfare gain stems from a selection effect, whereby the subsidy induces only the most productive exporters to switch to servicing the host's market via FDI. I further show that for the same total subsidy bill, a subsidy to variable costs …


Risk, Firm Heterogeneity, And Dynamics Of Fdi Entry, Pao Li Chang, Chia-Hui Lu Mar 2009

Risk, Firm Heterogeneity, And Dynamics Of Fdi Entry, Pao Li Chang, Chia-Hui Lu

Research Collection School Of Economics

We study the dynamics of FDI entry under a setting with firm heterogeneity and FDI uncertainty. The risk of FDI failure depends positively on the complexity of production technology, negatively on the quality of infrastructure in the host country, and evolves over time with the extent of knowledge diffusion. The incorporation of FDI uncertainty leads to a non-monotonic relationship between technology complexity and the timing of FDI entry: firms with intermediate technology levels lead the first wave of FDI, which helps lower the investment uncertainty facing subsequent investors and induces a wider range of FDI entry in the second period. …


The Gettysburg Economic Review, Volume 3, Spring 2009 Jan 2009

The Gettysburg Economic Review, Volume 3, Spring 2009

Gettysburg Economic Review

No abstract provided.


The Alliance Formation Puzzle And Capacity Constraints, Kai A. Konrad, Dan Kovenock Jan 2009

The Alliance Formation Puzzle And Capacity Constraints, Kai A. Konrad, Dan Kovenock

Economics Faculty Articles and Research

The formation of an alliance in conflict situations is known to suffer from a collective action problem and from the potential of internal conflict. We show that budget constraints of an intermediate size can overcome this strong disadvantage and explain the formation of alliances.


The Economic Impact Of The Fayetteville Shale In White County, Katherine A. Deck Jan 2009

The Economic Impact Of The Fayetteville Shale In White County, Katherine A. Deck

Publications and Presentations

Fayetteville Share economic impact in White County Arkansas and how it effects the industry, residents and employees.


Can Non-State Certification Systems Bolster State-Centered Efforts To Promote Sustainable Development Through The Clean Development Mechanism, Jonathan G.S. Koppell, Kelly Levin, Benjamin Cashore Jan 2009

Can Non-State Certification Systems Bolster State-Centered Efforts To Promote Sustainable Development Through The Clean Development Mechanism, Jonathan G.S. Koppell, Kelly Levin, Benjamin Cashore

Publications from President Jonathan G.S. Koppell

Increasing economic globalization has coincided with the emergence and escalating influence of non-state actors and organizations in domestic and international policymaking, from shaping policy agendas to promoting private authority. The latter phenomenon has arisen, at least in part, from a critique of states' failures to adopt effective and enduring environmental policies. Rather than contest "command and control" institutions, non-state strategies embrace market approaches built around incentives and price mechanisms. Several forms of non-state authority have emerged, including corporate social responsibility, provision of information through labeling, and self-reporting.