Finding Dynamic Treatment Effects Under Anticipation: Spanking Effects On Behavior,
2012
Singapore Management University
Finding Dynamic Treatment Effects Under Anticipation: Spanking Effects On Behavior, Myoung-Jae Lee, Fali Huang
Research Collection School Of Economics
The dynamic treatment effect literature considers multiple treatments administered over time, with some treatments affected by interim outcomes. But the literature overlooks the possibility of individuals acting in anticipation of future treatments. This lack of anticipation aspect may not matter in the drug–response relationships which motivated the literature. But human beings (or animals with some intelligence) do not just respond to current and past treatments, but also ‘reflect and anticipate’ future treatments. For example, a punishment or reward is likely to prompt forward looking. Even if no personal punishment or reward is involved, people may take action in anticipation of …
Is Specialization Desirable In Committee Decision Making?,
2012
Bar-Ilan University, Israel
Is Specialization Desirable In Committee Decision Making?, Ruth Ben-Yashar, Winston T. H. Koh, Shmuel Nitzan
Research Collection School Of Economics
Committee decision making is examined in this study focusing on the role assigned to the committee members. In particular, we are concerned about the comparison between committee performance under specialization and non-specialization of the decision makers. Specialization (in the context of project or public policy selection) means that the decision of each committee member is based on a narrow area, which typically results in the acquirement and use of relatively high expertise in that area. When the committee members’ expertise is already determined, specialization only means that the decision of each committee member is based solely on his/her relatively high …
A Note On Separability And Intra-Household Resource Allocation In A Collective Household Model,
2012
Singapore Management University
A Note On Separability And Intra-Household Resource Allocation In A Collective Household Model, Tomoki Fujii, Ryuichiro Ishikawa
Research Collection School Of Economics
We consider a collective model of a household in which each member has a utility function satisfying the weak separability condition. We show that the separability at the individual level carries over to the household level and that the allocation of private goods in any Pareto-efficient allocation can be supported as a Pareto-efficient allocation of private sub-problem. We also provide the necessary and sufficient condition for the Pareto weight for the private sub-problem to move in the same direction as the household Pareto weight.
Economic Impact Of Legalizing Retail Alcohol Sales In Benton County,
2012
University of Arkansas, Fayetteville
Economic Impact Of Legalizing Retail Alcohol Sales In Benton County, Katherine A. Deck, Viktoria Riiman
Publications and Presentations
Converting from a dry county to a wet county would have a number of tangible and intangible economic benefits for Benton County. Legal retail alcohol sales are a signal of a contemporary economic development environment. Quantifying the value of that perception is quite difficult, but it is entirely possible to estimate sales effects and tax implications of becoming a wet county for the residents of Benton County. A study was conducted by the Center for Business and Economic Research to assess the magnitude of those economic effects. Data from 2010 were used because of completeness, but the sizes of the …
The Staffing Of Presidential Assistants: Their Effect On Presidential Success In The House Of Representatives,
2012
Gettysburg College
The Staffing Of Presidential Assistants: Their Effect On Presidential Success In The House Of Representatives, Nicholas R. Jesteadt
Gettysburg Economic Review
This paper examines the Congressional success of United States Presidents based on the reported Congressional Quarterly Presidential Box Scores. Their individual success is examined as an effect of the senior staff member a President chooses and whether they are chosen from the campaign, personal experience, or previous administrations. It is important for a President to consider the origins of these staffers as these Assistants to the President act as the body of the President’s administration. The econometric analysis presented reveals several interesting results. First, the predominance of a President to choose staff members from his campaign shows no significant impact …
Environmental Justice: Where Are The Fracking Sites?,
2012
Gettysburg College
Environmental Justice: Where Are The Fracking Sites?, Elizabeth Adams
Gettysburg Economic Review
This paper looks at the variables that determine the location of hydraulic fracturing wells. Using cross-sectional data on Texas counties, we test whether county income level and the percentage of the population that is minority are significant indicators of well location. This study mirrors other studies that focus on the location of undesirable land uses such as landfills. Our study finds that income level and the size of the minority population are not statistically significant indicators of hydraulic fracturing well location.
The Gettysburg Economic Review, Volume 6, Spring 2012,
2012
Gettysburg College
The Gettysburg Economic Review, Volume 6, Spring 2012
Gettysburg Economic Review
No abstract provided.
The Joireman Collection,
2012
Asbury Theological Seminary
The Joireman Collection, Evangelical Advocacy: A Response To Global Poverty
Bibliographies
The Joireman collection is a list of bibliographic resources gathered by political scientists to examine the relationship between religion and politics as seen from within several Christian traditions: Evangelical, Pentecostals, Anglican, Reformed, Lutheran, and Roman Catholic. The list comes from the book Church, State, and Citizen: Christian Approaches to Political Engagement edited and contributed by Sandra F. Joireman.
Fair Trade, Marketing And Consumer Behaviour,
2012
Munster Technological University
Fair Trade, Marketing And Consumer Behaviour, Brigit Derler, Vicky O'Rourke, Simon Stephens
Irish Business Journal
This paper examines different aspects of fair trade marketing. Firstly, secondary research examines the development, advantages and challenges of fair trade. Secondly, primary research explores consumer buying behaviour in Ireland and Austria in the fast moving consumer goods (FMCGs) market. Thirdly, the attitudes of consumers towards mainstreaming and clean-washing are explored. Phase one of the data collection involved one hundred and twenty consumer surveys. In phase two exploratory research using mixed modes collected data from nine suppliers of fair trade FMCGs. The findings suggest that the effects of mainstreaming are perceived to be predominantly positive. The research findings also suggest …
Cooperative Strategies In Anonymous Economies: An Experiment,
2012
Chapman University
Cooperative Strategies In Anonymous Economies: An Experiment, Gabriele Camera, Marco Casari, Maria Bigoni
Economics Faculty Articles and Research
We study cooperation in economies of indefinite duration. Participants faced a sequence of prisoner’s dilemmas with anonymous opponents. We identify and characterize the strategies employed at the individual level. We report that (i) grim trigger does not describe well individual play and there is wide heterogeneity in strategies; (ii) systematic defection does not crowd-out systematic cooperation; (iii) coordination on cooperative strategies does not improve with experience. We discuss alternative methodologies and implications for theory.
Pirates And Fishermen: Is Less Patrolling Always Bad?,
2012
Singapore Management University
Pirates And Fishermen: Is Less Patrolling Always Bad?, Brishti Guha
Research Collection School Of Economics
Motivated by the Somali fishermen–pirates, I explore the time allocation decision of potential pirates between piracy and an alternative non-violent occupation, fishing, when the returns of both piracy and fishing are sensitive to patrolling intensity. For a range of parameters, the static model yields multiple equilibria, an “efficient” one with no patrolling and low piracy, a less efficient equilibrium with intermediate levels of both piracy and patrolling and a highly inefficient high-patrolling high-piracy equilibrium. Analyzing the dynamic analogue, I obtain the surprising result that sufficiently low patrolling can be a good strategy.
Willingness To Pay For Country-Of-Origin Labeled, Traceable, And Bse-Tested Beef,
2012
University of Kentucky
Willingness To Pay For Country-Of-Origin Labeled, Traceable, And Bse-Tested Beef, Kar Ho Lim
Theses and Dissertations--Agricultural Economics
While previous studies have investigated country-of-origin effect from various angles, it remained unexplored the extent to which Country of Origin Labeling (COOL) affects U.S. beef imports from specific countries. Using choice-experiment data, willingness to pay (WTP) for Australian, Canadian beef in addition to other enhancement attributes were estimated with a Mixed Logit Model and a Latent Class Model. The results revealed unobserved taste heterogeneity and important differences in the WTP between the imported and domestic steak. The Latent Class Model estimated the range of discount needed for consumers to switch from U.S. to Canadian steak was a range from $1.09 …
Law, Environment, And The “Nondismal” Social Sciences,
2012
University of Colorado Law School
Law, Environment, And The “Nondismal” Social Sciences, William Boyd, Douglas Kysar, Jeffrey J. Rachlinski
Cornell Law Faculty Publications
Over the past 30 years, the influence of economics over the study of environmental law and policy has expanded considerably, becoming in the process the predominant framework for analyzing regulations that address pollution, natural resource use, and other environmental issues. This review seeks to complement the expansion of economic reasoning and methodology within the field of environmental law and policy by identifying insights to be gleaned from various “nondismal” social sciences. In particular, three areas of inquiry are highlighted as illustrative of interdisciplinary work that might help to complement law and economics and, in some cases, compensate for it: the …
Can Online Sentiment Help Predict Dow Jones Industrial Average Returns?,
2012
Claremont McKenna College
Can Online Sentiment Help Predict Dow Jones Industrial Average Returns?, Aria K. Krumwiede
CMC Senior Theses
In this paper, we explore the relationship between a Global Mood Time Series, provided by Wall Street Birds, and the Dow Jones Industrial Average (DJIA) from April 2011 to December 2011. My econometric results show that there is no long run equilibrium relationship between the level of global mood and the level of the DJIA. These results apply to the whole period, as well as in the six-month subperiods. Furthermore, daily changes in global mood do not Granger cause DJIA returns. However, changes in global mood do appear to be useful in forecasting the volatility of the DJIA, and my …
Examining The Role Of Immigration In Crime Decline Across United States Cities,
2012
Claremont McKenna College
Examining The Role Of Immigration In Crime Decline Across United States Cities, Brianna J. Losoya
CMC Senior Theses
Despite previous research in this area, the relationship between immigration and crime in the United States remains ambiguous and surrounded by misconceptions. However, recently, scholars have suggested that, despite the claims of policy-makers and popularized sociological theories, large immigrant concentrations may be linked with lower as opposed to higher crime rates. In the past, research in this area has been imprecise due to it its implementation of cross-sectional analyses for a limited selection of geographic regions. However, through the implementation of time-series procedures and the use of annual data for metropolitan statistical areas during the 2005–2010 periods, the present study …
Finding Profitability Of Technical Trading Rules In Emerging Market Exchange Traded Funds,
2012
Claremont McKenna College
Finding Profitability Of Technical Trading Rules In Emerging Market Exchange Traded Funds, Austin P. Hallett
CMC Senior Theses
This thesis further investigates the effectiveness of 15 variable moving average strategies that mimic the trading rules used in the study by Brock, Lakonishok, and LeBaron (1992). Instead of applying these strategies to developed markets, unique characteristics of emerging markets offer opportunity to investors that warrant further research. Before transaction costs, all 15 variable moving average strategies outperform the naïve benchmark strategy of buying and holding different emerging market ETF's over the volatile period of 858 trading days. However, the variable moving averages perform poorly in the "bubble" market cycle. In fact, sell signals become more unprofitable than buy signals …
Aggregated Versus Disaggregated Forward Looking Information: Effects On Risk Taking,
2012
Claremont McKenna College
Aggregated Versus Disaggregated Forward Looking Information: Effects On Risk Taking, Rishabh Parekh
CMC Senior Theses
In previous research, aggregation of returns has been found as a way to counteract the risk averse behavior that is the result of investors' myopia. This paper expands the study of aggregation by analyzing its effect on forward looking probabilities. Namely, through the disaggregation of future information, subjects become myopic and trade with varying risk preferences. In an experimental market, subjects trading securities with disaggregated forward looking information are found to 'buy high and sell low', while subjects trading the same securities, but with aggregated information, trade with more consistent risk preferences.
A Study In Market Micromanagement: The Asymmetrical Effects Of The 2008 Short Sale Ban On Stocks With And Without Traded Options,
2012
Claremont McKenna College
A Study In Market Micromanagement: The Asymmetrical Effects Of The 2008 Short Sale Ban On Stocks With And Without Traded Options, James W. Weyerhaeuser
CMC Senior Theses
This study provides an empirical analysis of the 2008 short sale ban. The evidence suggests that the presence of tradable options plays a crucial role in determining the effect of a short sale ban. Results show that if there are no traded options on a stock, the short sale ban brought abnormal returns of roughly +8%. However if there are traded options on a stock, the market maker exemptions nullify the positive effects of the ban. Furthermore, for the banned stocks that do experience positive abnormal returns during the ban, the lifting of the ban causes a prompt reversal of …
The Hidden Limits Of The Charitable Deduction: An Introduction To Hypersalience,
2012
Georgetown University Law Center
The Hidden Limits Of The Charitable Deduction: An Introduction To Hypersalience, Lilian V. Faulhaber
Georgetown Law Faculty Publications and Other Works
Behavioral economics introduced the concept of salience to law and economics. In the area of tax policy, salience refers to the prominence of taxes in the minds of taxpayers. This article complicates the literature on salience and taxation by introducing the concept of “hypersalience,” which is in many ways the mirror image of hidden taxation. While a revenue-raising tax provision must be hidden for taxpayers to underestimate their tax bill, a revenue-reducing tax provision – such as a deduction, exclusion, or credit – must be more than fully salient for taxpayers to underestimate their tax bill. In other words, the …
Peer Transparency In Teams: Does It Help Or Hinder Incentives?,
2012
Singapore Management University
Peer Transparency In Teams: Does It Help Or Hinder Incentives?, Parimal Bag, Nona Pepito
Research Collection School Of Economics
In a joint project involving two players of a two-round effort investment game with complementary efforts, transparency, by allowing players to observe each other's efforts, achieves at least as much, and sometimes more, collective and individual efforts relative to a nontransparent environment. Without transparency, multiple equilibria can arise, and transparency elimites the inferior equilibria. When full cooperation arises only under transparency, it occurs gradually: No worker sinks in the maximum amount of effort in the first round, preferring instead to smooth out contributions over time. If the players' efforts are substitutes, transparency makes no difference to equilibrium efforts.
