Other Economics Commons^™

Connections Between U.S. Consumer Magazine Cover Characteristics And Single Copy Sales Circulation, Stephanie C. Barlow

Renée Crown University Honors Thesis Projects - All

In the realm of journalism, conventional wisdom suggests that magazine covers “sell” magazines at newsstands. This study explores this idea by looking at the econometric relationship between cover characteristics such as presence of people and “catch” words and single copy sales. Several significant characteristics influencing such sales are found. In addition, this study is based on a new data set developed by the author indicating various characteristics of numbers of magazine covers over a five-year time span.

Specifically, a set of 14 magazines were observed for 10 characteristics. The percentage of the presence of these characteristics on magazine covers over …

Bearing The Costs Of Human-Wildlife Conflict: The Challenges Of Compensation Schemes, Philip J. Nyhus, Steve A. Osofsky, Paul Ferraro, H Fischer, Francine Madden

Faculty Scholarship

No abstract provided.

Sources Of Gender Difference In Rural To Urban Migration In Kenya: Does Human Capital Matter?, Richard U. Agesa, Jacqueline Agesa

Economics Faculty Research

Using data from Kenya this article estimates the urban to rural gender gap in the rate of migration and then decomposes the gap into the explained portion and the portion due to gender differences in coefficients. The former is further decomposed to unveil the relative influence of each explanatory variable on the explained portion of the gender gap in the rate of migration. A non-trivial finding suggests that human capital variables may exert the strongest influence on gender differences in migration, partially explaining the higher incidence of male migration.

On Patent Licensing In Spatial Competition, Sougata Poddar, Uday Bhanu Sinha

Economics Faculty Articles and Research

We consider the issue of patent licensing in a linear city framework where firms are located at the end points of the city and compete in price. We consider three types of licensing arrangements, namely, auction, fixed fee, royalty; and focus on the optimal licensing strategy of an outsider patentee as well as an insider patentee. Contrary to the findings in the existing literature, first we show offering royalty is the best for the patentee when the patentee is an outsider for both drastic and non-drastic innovation. For insider patentee, offering no-license is the best when the innovation is drastic, …

Full Cost Pricing: An Approach To Internalize The Full-Cost Of A Gallon Of Unleaded Gasoline In The U.S And The Feasibility Of Markets Sustaining This Result, Joseph Mack

Honors Capstones

Capstone submitted as a graduation requirement for the BSU Honors Program.

The Distribution Of Money And Prices In An Equilibrium With Lotteries, Aleksander Berentsen, Gabriele Camera, Christopher Waller

Economics Faculty Articles and Research

We construct a tractable ‘fundamental’ model of money with equilibrium heterogeneity in money balances and prices. We do so by considering randomized monetary trades in a standard search-theoretic model of money where agents can hold multiple units of indivisible ‘tokens’ and can offer lotteries on monetary transfers. By studying a simple trading pattern, we can analytically characterize the monetary distribution. Interestingly, such distributions match those observed in numerically simulated economies with fully divisible money and price heterogeneity.

Ceo Turnover And Foreign Market Participation, Bruce A. Blonigen, Rossitza B. Wooster

Economics Faculty Publications and Presentations

Anecdotal evidence suggests that new CEOs with foreign backgrounds direct their firms to become more international in their operations. We examine this hypothesis formally using data on U.S. S&P-500 manufacturing firms from1992 through 1997 and biographical information on CEOs’ birth and education locations that allow us to identify changes from U.S.- to foreign-connected CEOs. Robust to a variety of specifications, we find that a U.S. firm’s switch from a U.S. to a foreign CEO leads to substantial increases in the firm’s proportion of its foreign assets and foreign affiliate sales. In fact, our preferred specification indicates that foreign asset and …

Trends. National Security And The United States Government 2004 Federal Budget: Is It Good For Security?, Ibpp Editor

International Bulletin of Political Psychology

This Trends article discusses the (under)funding of homeland security and defense in an Executive Branch proposal for the United States Government 2004 federal budget.

Trends. Thinking On Transportation Security, Ibpp Editor

International Bulletin of Political Psychology

This Trends article discusses the necessity of gathering intelligence successfully to combat terrorism as it pertains to commerce.

Rjvs In Product Innovation And Cartel Stability, Luca Lambertini, Sougata Poddar, Dan Sasaki

Economics Faculty Articles and Research

We characterise the interplay between firms' decision in product development undertaken through a research joing venture (RJV), and the nature of their ensuing market behaviour. Participant firms in an RJV face a trade-off between saving the costs of product innovation by developing similar products to one another, e.g. by sharing most of the basic components of their products, and investing higher initial efforts in product innovation in order to develop more distinct products. We prove that the more the fims' products are distinct and thus less substitutable, the easier their collusion is to sustain in the marketing supergame, either in …

Excess Capacity: A Note, Sougata Poddar

Economics Faculty Articles and Research

In a two period model of strategic entry deterrence where the incumbent firm moves before the entrant by installing capacity for production, Dixit (1980) argued that in a (perfect) equilibrium excess capacity would not be observed, contradicting Spence's (1977) result on the same issue. In this note, we show that Dixit may not always remain true when we allow for demand uncertainty.

Investor Skepticism V. Investor Confidence: Why The New Research Analyst Reforms Will Harm Investors, John L. Orcutt

Law Faculty Scholarship

Part I of this Article provides an overview of research analysts and their basic functions, including a discussion of sell-side analysts' role in the market's recent boom and bust. Part II examines the conflicts of interest that have plagued sell-side research, and Part III reviews the Regulatory Actions that are meant to address these conflicts. In Part IV, the author will make the case for encouraging, rather than lessening, investor skepticism in sell-side research and will explain why the Regulatory Actions are not likely to improve the performance of sell-side analysts. Finally, Part V will offer a simpler proposal to …

The Evolution Of Human Life Expectancy And Intelligence In Hunter-Gatherer Economies, Hillard Kaplan

ESI Publications

The economics of hunting and gathering must have driven the biological evolution of human characteristics, since hunter-gatherer societies prevailed for the two million years of human history. These societies feature huge intergenerational resource flows, suggesting that these resource flows should replace fertility as the key demographic consideration. It is then theoretically expected that life expectancy and brain size would increase simultaneously, as apparently occurred during our evolutionary history. The brain here is considered as a direct form of bodily investment, but also crucially as facilitating further indirect investment by means of learning-by-doing.

Assessing Environmental Externalities Of The Us Coal Base Load Electric Utility Industry Using Data Enveloping Analysis, Faisal Z. Ahmed

University Avenue Undergraduate Journal of Economics

This paper attempts to address two issues. First, is how to objectively measure carbon dioxide emissions from the generation of electricity that uses predominantly coal. Second, is how to incorporate these ‘environmental’ variables into an efficiency model. Using a technique called Data Enveloping Analysis (DEA) a non-parametric piecewise surface (or frontier) over the data is constructed, so as to be able to calculate technical efficiencies (which I call environmental efficiency) relative to this surface. These ‘environmental efficiency’ measures are analyzed. The technique utilized in this study may be extended to calculate each agent’s allocative and scale efficiencies in order to …

On The Macroeconomic Effects Of Establishing Tradability In Weak Property Rights, Gunnar Eliasson, Clas Wihlborg

Business Faculty Articles and Research

The New Economy is closely associated with computing & communications technology, notably the Internet. We discuss property rights to, and trade in, the difficult-to-define intangible assets increasingly dominating the New Economy, and the possibility of under-investment in these assets. For a realistic analysis we introduce a Schumpeterian market environment (the experimentally organized economy). Weak property rights prevail when the rights to access, use, andtrade in intangible assets cannot be fully exercised. The trade-off between the benefits of open access on the Internet, and the incentive effects of strengthened property rights, depend both on the particular strategy a firm employs to …

Can World Poverty Be Eliminated?, William F. Felice

Human Rights & Human Welfare

A review of:

World Poverty: New Policies to Defeat an Old Enemy edited by Peter Townsend and David Gordon. Bristol: The Policy Press, 2002. 454pp.

and

World Poverty and Human Rights: Cosmopolitan Responsibilities and Reforms by Thomas Pogge. Malden, MA: Blackwell/Polity, 2002. 264pp.

and

There is an Alternative: Subsistence and Worldwide Resistance to Corporate Globalization edited by Veronica Benholdt-Thomsen, Nicholas Faraclas, and Claudia von Werlhof. New York: Zed Books. 2001. 288pp.

The Recovery Of The Aviation Industry: The Aviation Security Challenge, Ibpp Editor

International Bulletin of Political Psychology

This article is based on a presentation made to the SAE 2002 World Aviation Congress on November 6, 2002 by the IBPP Editor. The article’s focus is on how representatives of the aviation industry need to think about aviation security to facilitate the industry’s economic recovery.

University-Industry Relationships: Framing The Issues For Academic Research In Agricultural Biotechnology, David E. Ervin, Terri Lomax, Steven T. Buccola, Kristen Kim, Elizabeth Minor, Hui Yang, Leland L. Glenna, Elizabeth Jaeger, Dina Biscotti, Walter J. Armbruster, Kate Clancy, William B. Lacy, Rick Welsh, Yin Xia

Economics Faculty Publications and Presentations

More must be done to understand how academic researchers involved in agricultural biotechnology are impacted by a growing number of relationships with industry partners, concluded a new report released today by the Pew Initiative on Food and Biotechnology (the Pew Initiative) and Portland State University. The report, University-Industry Relationships: Framing the Issues for Academic Research in Agricultural Biotechnology looks at the advantages and disadvantages to universities and academic scientists who engage in relationships with industry. It specifically outlines the need for information regarding influences on academic scientists' research agendas, the intellectual property rights and technology innovations involved in the relationships, …

Review Of The New Americans: How The Melting Pot Can Work Again, By Michael Barone, Fred Foldvary

Faculty Publications

A review of The New Americans: How the Melting Pot Can Work Again, by Michael Barone. Regnery Publishing • 2001 • 338 pages • $27.95 

Schwartz Conference, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Flyer for the Globalization and the myths of free trade conference at the New School University. (2003, April 18). Unpublished promotional flyer. The New School University.

• Printing quotation for flyers and invitations for the Schwartz conference, with handwritten note regarding copies of project reports for globalization materials. (2003, April 8). Unpublished printing quotation with annotated handwritten note [Manuscript with annotations]. (A. Shaikh, PhD, annotator).

• Printing quotation for posters for the Schwartz conference. (2003, April 8). Unpublished printing quotation. [Printer not identified].

• Guest check for the globalization conference. (2003, April 18). Unpublished receipt. [Vendor …

Trends. Zero-Sum Games And Terrorism: Israeli And Palestinian Contestants, Ibpp Editor

International Bulletin of Political Psychology

The construct of the zero-sum game has several denotations in the political psychological literature on conflict.

Research Joint Ventures, Product Differentiation, And Price Collusion, Luca Lambertini, Sougata Poddar, Dan Sasaki

Economics Faculty Articles and Research

We investigate the interplay between firms’ decisions in product development, either joint or independent, and their ensuing repeated pricing, either collusive or Bertrand–Nash. A joint venture develops a single product, whereas independent ventures develop their respective products which can be differentiated. We prove that joint product development and the resulting lack of horizontal product differentiation may destabilise collusion, whilst firms’ R&D decisions have no bearings on collusive sustainability if differentiation is vertical. We also discover the non-monotone dependence of firms’ venture decisions at the development stage upon their time preferences, as well as upon consumers’ willingness to pay.

Five-Hundred Life-Saving Interventions And Their Misuse In The Debate Over Regulatory Reform, Lisa Heinzerling

RISK: Health, Safety & Environment (1990-2002)

The author argues that John D. Graham, administrator of the Office of Information and Regulatory Affairs, holds strong anti-environmental biases and has perpetuated and encouraged a misrepresentation of his own research, which has largely influenced health, safety, and environmental regulation.

Investing In The Arts: Financial And Aesthetic Returns To Prints, Adam Finkelstein

University Avenue Undergraduate Journal of Economics

This paper will revisit the economic question “is buying art profitable?” facing any potential investor by focusing specifically on the market for prints. The answer will account for both pecuniary and aesthetic benefits. Previous inquiry into the returns of investments in art and their methodologies is first reviewed. Then a framework for measuring utility from prints from market-observed leasing prices is described. Various price indexes for returns to Picasso and Chagall prints are compiled for the years 1977 to 1997 using a market basket technique. The indexes are then combined with the utility framework. Real and nominal returns to prints, …

The New Basel Capital Accord: Making It Effective With Stronger Market Discipline, Harald Benink, Clas Wihlborg

Business Faculty Articles and Research

In January 2001 the Basel Committee on Banking Supervision proposed a new capital adequacy framework to respond to deficiencies in the 1988 Capital Accord on credit risk. The main elements or ‘pillars’ of the proposal are capital requirements based on the internal risk-ratings of individual banks, expanded and active supervision, and information disclosure requirements to enhance market discipline. We discuss the incentive effects of the proposed regulation. In particular, we argue that it provides incentives for banks to develop new ways to evade the intended consequences of the proposed regulation. Supervision alone cannot prevent banks from ‘gaming and manipulation’ of …

Penglibatan Masyarakat Islam Dalam Aktiviti Pelaburan Di Bank Islam Malaysia Berhad (Bimb) : Suatu Kajian Di Banting, Selangor, Kamsuzilawati Kamin

Student Works (2000-2009)

Investment in Conventional economic has been practiced longer enough better than inventment in Islamic economic. For almost 20 years it has been introduced through the establishment of Bank Islam Malaysia Berhad (81MB), many scholars said that bank were insist on BBA and Murabahah (profit-based financing) modes of operations better than Mudafarabah and Musyarakah (equity-based financing) modes of operations although with the profit and loss sharing (PLS), its leads to better exploitation of labour and capital towards a just, stable and efficient society. This study tries to observe and evaluate the performances and the implementation of PLS in BIMB Holdings Berhad. …

Feeling The Heat Of Human Rights Branding: Bringing Transnational Corporations Within The International Human Rights Fence, Robert Mccorquodale

Human Rights & Human Welfare

A review of:

Human Rights Standards and the Responsibility of Transnational Corporations edited by Michael K. Addo. The Hague: Kluwer Law International, 1999. 384pp.

Trends. Environmental Issues: Struggles To Think Globally, Ibpp Editor

International Bulletin of Political Psychology

This article discusses the difficulties of thinking globally in the context of environmentalism and environmental policy, even for proponents of environmental stewardship.

Capitalism And The Value Of Life: Foot-And-Mouth And The Culling Of Herds, Ibpp Editor

International Bulletin of Political Psychology

This article describes some psychological implications of culling as an intervention to help combat the spread of foot-and-mouth disease.

"...As We Forgive Our Debtors", St Mary's University

President's Peace Commission - Programs

The President’s Peace Commission existed from 1984 to 2013 at St. Mary's University. The Commission fostered an ethical commitment to participate in the establishment of world peace and social justice.

This program is about labor exploitation in an international economy and environmental debt.