Harnessing The Power Of Social Incentives To Curb Shirking In Teams, Brice Corgnet, Brian C. Gunia, Roberto Hernán González

ESI Working Papers

We study several solutions to shirking in teams that trigger social incentives by reshaping the workplace social context. Using an experimental design, we manipulate social pressure at work by varying the type of workplace monitoring and the extent to which employees engage in social interaction. This design allows us to assess the effectiveness as well as the popularity of each solution. Despite similar effectiveness in boosting productivity across solutions, only organizational systems involving social interaction (via chat) were at least as popular as a baseline treatment. This suggests that any solution based on promoting social interaction is more likely to …

Adam Smith’S Theory Of Value: A Reappraisal Of Classical Price Discovery, Sabiou M. Inoua, Vernon L. Smith

ESI Working Papers

The relevance of Adam Smith for understanding human morality and sociality is recognized in the growing interest in his work on moral sentiments among scholars of various academic backgrounds. But, paradoxically, Adam Smith’s theory of economic value enjoys a less prominent stature today among economists, who, while they view him as the “father of modern economics”, considered him more as having had the right intuitions about a market economy than as having developed the right concepts and the technical tools for studying it. Yet the neoclassical tradition, which replaced the classical school around 1870, failed to provide a satisfactory theory …

News-Driven Expectations And Volatility Clustering, Sabiou M. Inoua

ESI Publications

Financial volatility obeys two fascinating empirical regularities that apply to various assets, on various markets, and on various time scales: it is fat-tailed (more precisely power-law distributed) and it tends to be clustered in time. Many interesting models have been proposed to account for these regularities, notably agent-based models, which mimic the two empirical laws through a complex mix of nonlinear mechanisms such as traders switching between trading strategies in highly nonlinear way. This paper explains the two regularities simply in terms of traders’ attitudes towards news, an explanation that follows from the very traditional dichotomy of financial market participants, …

Principles Of Microeconomics, Ernesto Garcia Iii

Open Educational Resources

No abstract provided.

Citizen-Consumers Wanted: Revitalizing The American Dream In The Face Of Economic Recessions, 1981-2012, Gokcen Coskuner-Balli

Business Faculty Articles and Research

This article brings sociological theory of governmentality to bear on a longitudinal analysis of American presidential speeches to theorize the formation of the citizen-consumer subject. The 40-year historical analysis which expands through four economic recessions and the presidential terms of Ronald Reagan, William J. Clinton, George W. Bush, and Barack Hussein Obama, illustrates the ways in which the national mythology of American Dream myth has been linked to the political ideology of the state to create the citizen-consumer subject in the United States. The quantitative and qualitative analysis of the data demonstrates first, the consistent emphasis on responsibility as a …

All-Offender Ignition Interlock Laws & Dui Arrest Rates, Kathleen E. Soper

Theses and Dissertations

This research examines whether all-offender ignition interlock laws cause statistically significant decreases in DUI arrest rates. Data consist of state and county-level arrest totals over a 16-year period. A difference-in-differences regression model with fixed effects for entity and time is used for the analysis. Results are inconclusive.

An Empirical Analysis Of The Nba Draft From 2006- 2014, Lloyd Ellison

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates how well the NBA (National Basketball Association) does at drafting talent that succeeds. There has always been a question of if NBA prospects can have their NBA talent forecasted. The study seeks to compare different draft years and compare if the model can determine which athletes will become successful. The study seeks to use college statistics as well as the NBA draft combine data (which includes height, weight, wingspan, etc.) The study will be cross-sectional to get the best view of a bunch of players and because depth of talent can vary year to year

Impacts Of Wealth On Hiv Testing In Malawi: Empirical Analysis, Anthony Murray

Empirical Economic Bulletin, An Undergraduate Journal

This paper explores the relationship between wealth and HIV testing in the nation of Malawi, building off of previous work that tried to isolate the relationship between income and a given health outcome. Due to a variety of issues such as inaccurate self-reporting and difficulty in combining various sources of income accurately, this paper replaces income in an existing Malawi health-income model with wealth, measured by the number and kinds of possessions they owned and then scored using principal component analysis. The model used is a logit model with HIV testing as the dependent variable and wealth as the independent …

The Eu Ets: A Critical Analysis, Marceline Grey Swan

Electronic Theses and Dissertations

Carbon markets, established via cap & trade programs, are the dominant means by which climate stabilization is currently being pursued worldwide, with many centered around the European Union’s Emissions Trading Scheme. As such, a critical analysis of the EU ETS & its effectiveness is crucial to assess whether the EU carbon market is an effective mechanism to achieve climate stabilization. The effectiveness of the overall program was evaluated via a determination of whether the EU ETS, & to a greater extent the EU carbon market, has allowed for emissions reductions in line with the goal for climate stabilization set by …

China’S One Belt One Road Initiative—A Debt Trap?, Qi Liu

Electronic Theses and Dissertations

Infrastructure has been a bottleneck for industrialization of developing countries. After decades of economic growth led by investment in infrastructure, China released its first global strategy in 2013, One Belt One Road (BRI), to improve infrastructure in less developed countries along the belt and road. Although economic development has been witnessed in some BRI members, large amount of investments from China raised concern over debt crisis from the Western world and host countries. Countries receiving loans from China are struggling to effectively manage the BRI projects. Some are renegotiating the investments with China and some BRI members even canceled them. …

Antitrust In Times Of Information Technology: An Analysis Of Big Tech Monopoly Cases, Shamayeta Rahman

Electronic Theses and Dissertations

The information technology industry is one of the most rapidly growing yet concentrated markets existing today. Big Tech monopolies and their increasingly anticompetitive behavior posits risks for competition, technological innovation and consumer welfare. This ranges from price discrimination, limiting consumer choices to the unethical use of data. The particular nature of information technology, with its network effects and negligible marginal costs, incentivizes and facilitates predatory market practices making antitrust analysis in this industry extremely complex. Certain schools of antitrust thought are more sensitive (namely the post-Chicago school) to these implications than others, though antitrust application is still lacking in both …

An Empirical Analysis Of The Leading Determinants Behind The Opioid Epidemic The 50 States, Sydney Levine

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the determining factors influencing the opioid epidemic in each of the 50 states of the United States of America. The opioid epidemic is a rising concern throughout the nation and has been associated with economic conditions. The health crisis poses additional threats to the labor market and the overall economy. This study looks at the age adjusted opioid death rate per 100,000 people as the dependent variable and how unemployment rate, the labor force participation rate, ESOOS funding, the number of hospitals, Median household income, the GINI index, adults reporting poor mental health status, individuals reporting past …

An Empirical Analysis Of Short-Term Rentals On Newly Built Homes In The United States, Matthew Garrison

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the effects short-term rentals have on the price of newly built homes. The study uses data from the Manufactured Housing Survey Public File to perform an empirical analysis of whether the Rental Vacancy Rate effects the price of newly built homes. We find that the Rental Vacancy Rate does have a significant effect (p < .01), which parallels some past research. This may have implications for regulation of short-term rentals.

Infant Mortality Rate And Life Expectancy Across High Income Nations: A Panel Data Analysis, Matthew Antonino

Empirical Economic Bulletin, An Undergraduate Journal

This paper will investigate the connection of infant mortality rate and life expectancy across the world. Particularly in those countries that are considered to be High Income. It will investigate multiple different variables using an econometric approach to find whether there is a correlation. The data will be collected using WDI and will be using multiple high income countries from each region of the world. By spreading the data collection across multiple continents, it will allow for multiple variables to account for differences in lifestyle.

Inequality And Economic Growth In Latin America, Benjamin Steen

Empirical Economic Bulletin, An Undergraduate Journal

This paper investigates the possibility of a relationship between the level of inequality and the GDP per capita in the countries in Latin America. Using a panel data model with fixed countries effects. we expect to examine the influences of GDP per capita and the variables that affect it in the countries of the region. The expected results of this paper are to find that the relationship between the income inequality and GDP per capita is negative.

Worker Cooperatives And Social Transformation: An Anti-Essentialist Marxist Perspective, Zachariah D. Thanasilangkul

Electronic Theses and Dissertations

Copyright is held by the author. User is responsible for all copyright compliance.

Effect Of Consumption Of Non-Durable Goods On Greenhouse Gas Emissions In The U.S. And Brazil: An Empirical Analysis, Nathaniel Taylor

Empirical Economic Bulletin, An Undergraduate Journal

This paper explores how consumption of nondurable goods in the United States and Brazil is linked to greenhouse gas emissions, specifically carbon dioxide (CO2), nitrous dioxide (N2O), and methane (CH4). Non-durable goods pollute the environment through production, transportation, consumption, and decomposition. The overconsumption of non-durable goods such as food, fuel, cosmetics, tobacco, and clothing are causing deforestation, loss of soil, soil pollution, and many more. After measuring the levels of pollutants from 2003-2017, they are compared to non-durable good consumption rates. This paper uses a collection of data from St. Louis Federal Reserve Economic Data (FRED) regarding consumption indicators, the …

An Empirical Analysis Of Individual Events In Collegiate Forensics, Jordan Wong

UCARE: Research Products

Anecdotally, it is a widely accepted notion in the United States’ collegiate competitive speech and debate community that a competitor’s strong record of competitive performance in the activity at the high school level is a powerful predictor of similar success in the activity at the collegiate level. However, no evidence has been brought to bear supporting this claim. This paper uses the universe of American Forensic Association National Individual Events Tournament results from 2013 to 2018 and links collegiate competitors to their respective high school performance data. I demonstrate evidence that high school experience does, in fact, appear to play …

Bio-Economic Outcomes Under Alternative Management Strategies With Human Choice And Behavior: Modeling Tautog And Anglers' Preferences, Eric T. Schultz, Zhenshan Chen, Pengfei Liu, Stephen Swallow, Jacob M. Kasper

EEB Articles

Key findings

• There was relatively strong support for slot limits, and roughly comparable support for status quo management, among anglers fishing for Tautog in Long Island Sound.
• Respondents were not in favor of a total moratorium on fishing for Tautog.
• Providing survey respondents information on how different management scenarios will affect fishing in the future had little detectable impact on fishing preferences.
• Respondents expected to fish less in the future if a wide slot limit is imposed or if status quo management is maintained, but expected no change in effort if a narrow slot limit is imposed.
• Changes in regulations …

Valuing Public Transport Customer Amenities: International Transit Agency Practice, Chris De Gruyter, Graham Currie

Journal of Public Transportation

Public transport customer amenities cover a range of measures that can enhance the quality of the passenger experience, such as information provision and station quality. While much research has determined the value that users place on amenities, there is little understanding of current practice in the use of customer amenity valuations in project appraisal. A survey of transit agencies in 11 cities (Melbourne, Sydney, Brisbane, Perth, Auckland, London, Paris, Toronto, Vienna, Oslo and Singapore) was undertaken showing that Australasian cities, albeit Melbourne, generally have widespread inclusion of customer amenities as part of advanced appraisals for all relevant types of public …

Nebraska Farm Real Estate Market Highlights 2019-2020, Jim Jansen, Jeffrey Stokes

Extension Farm and Ranch Management News

Introduction

The Nebraska Farm Real Estate Market Highlights 2019-20 report represents the 42nd edition to the annual series. These reports provide an important insight on agricultural land market dynamics for stakeholders across Nebraska. In today’s market, where market transactions exceeding $1 million dollars are the norm, objective market information and analysis is more critical than ever. The focus of the report continues to be on providing unbiased information for agricultural land values and rental rates so industry participants can make educated and informed decisions.

This year, the February 2020 survey of nearly 120 expert panel members from across the state …

The Role Of Human Capital In The Structural Change Process, Michele Aparecida Nepomuceno Pinto, Edinaldo Tebaldi, Marina Silva Da Cunha

Economics Faculty Journal Articles

The main of this paper is to verify if human capital is an important determinant of structural change in the different sectors of the economy and if it can accelerate the speed of this structural transformation. This paper contributes to the literature once it develops an empirical test of the model proposed by Li et al. (2019) and it uses the generalized method of moments (GMM) which considers the problem of endogeneity found in human capital variables, it also uses two proxies for human capital and structural change in order to verify whether or not they affect the variable of …

After School Programs And Their Effect On Children's Well-Being, John Steenrod

Honors Theses

As female labor force participation has gone up, families have turned more and more towards after school programs to provide adult supervision for their children, especially in low income areas. This paper utilizes longitudinal household data to examine the effect of these after school programs on noncognitive outcomes in children, and, in particular, follows the early education literature in using within-family comparisons for identification. I find that children who participate in after school programs are less likely to be depressed, and are more likely to have a high degree of emotional, social, and psychological well-being. Generally, participation is associated in …

Airline Fare Competition In The Post-Merger Era, Parker Michael Armstrong

Honors Theses and Capstones

This paper expands on the research of competition within the airline industry. This analysis estimates the fare-impact of new full-service or low-cost competition in city-pair markets in the domestic United States. Given the comprehensive restructuring of the airline industry as a result of the Delta-Northwest, United-Continental, and American-US Airways mergers, this analysis examines how the fare-impact of competition may have changed since the pre-merger era. This paper suggests evidence of a weaker effect regarding the entry of a low-cost carrier and a stronger effect regarding the entry of a legacy carrier in the post-merger era relative to the pre-merger period. …

Middle Class And Democratization Under Capital And Land Inequality: A Theoretical Approach, Wantiwa Mannaitham

Chulalongkorn University Theses and Dissertations (Chula ETD)

The study revisits the relationship between the middle class, transition to democracy and inequality. This paper uses mathematical methodology to represent the role of the middle class on democratization under capital and land inequality based on Acemoglu and Robinson 2006 models. This paper extends social class from two to three class models including the rich, the middle class and the poor. Moreover, the paper also describes how capital and land inequality affect democratization. To test an impact of the middle class on democratizing process under capital and land inequality conditions, this study divides into three cases; (1) capital and land …

Internal Migration Of Foreign-Born In Us: Impacts Of Population Concentration And Risk Aversion, Thin Yee Mon Su

Honors Theses

Internal migration in the US has been declining since the 1990s and research has mostly focused on labor market dynamics and aging population to explain the migration trends. This paper analyzes migration patterns of foreign-born groups in the US from 2000 to 2019. Along with the migration determinants such as education and employment, the paper focuses on population concentration as a factor that shapes foreign-born decisions to relocate in the US. Population concertation is defined to be a measure of how geographically concentrated each foreign-born group is across the US. I find that the likelihood of migrating to another state …

The Economic Impact Of Forest Harvest Practices On Washington State Park Visitation, Tyler Humphries

All Master's Theses

Washington State receives timber contributions from 34 out of its 39 counties, making it a top producer of timber in the United States. Because of the widespread and abundant number of harvests, many forests that society values are affected via diminished aesthetic appeal. Of these affected areas are Washington State Parks and the areas around them. This study seeks to estimate the economic impact that forest harvest practices have on the visitation of Washington State Parks. Through the use of GIS and fixed effect regression analysis, I estimate the impact that over 100,000 permitted forest cuts have on the visitation …

Does Racial Discrimination Exist In The Nba?, Logan Kendall

Williams Honors College, Honors Research Projects

This paper aims to examines the affect of race on compensation for NBA players. Based on prior research, I pose the hypothesis that racial discrimination does exist in the NBA with there being a premium for white players. A second hypothesis I present based on the previous research is that the premium for white players exist for only some groups of players and for other groups there with not exist discrimination based on player race. By using career data from every player who played in the 2019-2020 NBA season and their 2019-2020 salaries, a few different models where ran. The …

The Value Of Carbon Sequestration In The Developing World: Making The Economic Case For Tree Planting In Laos, Vongdalone Vongsikeo

Dissertations, Master's Theses and Master's Reports

Tree plantations in developing countries are mostly driven by private sectors, mainly to increase forest cover and meet the timber demand. However, research studies on tree plantations in Laos, for instance, show that despite high profitability tree farmers and private companies face many challenges such as low timber quality, low timber selling price and slow plantation expansion. These challenges could be the result of slow policy improvement processes or the lack of basis on the justification of government intervention. This study uses a policy decision tool - a cost-benefit analysis to evaluate social costs and social benefits from private tree …

Zoning – Neighborhood Character And Historic Overlays In Lexington, Ky, Taylor S. Price

Dissertations and Theses

Zoning has a significant impact on our built environment. Overlay zoning, an additional form of restrictive zoning, is a tool that municipalities utilize to control development and changes to neighborhoods. This study analyzes the impact that historic district (H-1) and neighborhood character (ND-1) overlays have on home sale prices in Lexington, KY. Results suggests that overlays have a significant positive impact on home values. Results also suggest that that overlays exhibit spatial impacts that extend further than the homes included in the overlay.