Economic Theory Commons^™

Effects Of Water Funds Projects On Forest Loss And Water Quality In Ecuador And Brazil, Allen Blackman, Laura Villalobos

Forest Collaborative Research

Presentation focuses on Water Funds Projects

Devolution And Collective Action In Forest Management: The Case Of China - June 2019, Yuanyuan Yi, Jintao Xu, Gunnar Köhlin

Forest Collaborative Research

This paper examines: Can further devolution trigger collective action in forest management and benefit member households?

Empirically-Informed Agent Based Modeling Of Incentivized Forest Conservation - June 2019, Amare Teklay Hailu

Forest Collaborative Research

Presentation focuses on payment for ecosystem services (PES) and framed field experiment (FFE).

Key Emerging Issues For Forests And Livelihoods In The 21st Century - June 2019, John A. Oldekop, Laura Vang Rasmussen, Arun Agrawal, Anthony Bebbington, David N. Bengston, Allen Blackman, S. Brooks, Iain Davidson-Hunt, Penny Davies, S. C. Dinsi, L. B. Fontana, T. Gumucio, C. Kumar, K. Kumar, P. Meyfroidt, D. Moran, T. H. Mwampamba, Robert Nasi, Margareta Nilsson, Miguel A. Pinedo-Vasquez, Jeanine M. Rhemtulla, William J. Sutherland, C. Watkins, Sarah Jane Wilson

Forest Collaborative Research

Presentation about the FLARE network. The mission of the FLARE network is to establish a Community of Practice that advances the state of knowledge of the intersection of forests and livelihoods. In bringing together stakeholders – researchers, practitioners, donors, and decision makers – FLARE will leverage efforts that enrich the understanding of forest livelihood interactions.

The researchers focus on the most pressing conceptual, political, and practical issues concerning forests and livelihoods.

Connecting Forests And Human Health Using The Demographic And Health Surveys (Dhs), Ranaivo Rasolofoson

Forest Collaborative Research

Presentation focuses on the relationships between ecosystem alteration and human health.

Indonesia, Forest Fires, Haze, Height: Case For Planetary Health Economics - June 2019, Subhrendu K. Pattanayak

Forest Collaborative Research

Presentation focuses on environmental health economics in low and middle income countries.

Impact Of Climate Change On Wildfire Across China, Based On Plot-Level Data From National Forest Inventory - June 2019, Shilei Liu, Jintao Xu

Forest Collaborative Research

Presentation focus on the impact of climate change on wildfires across China.

Commentary: Reflections On Decision Research And Its Empiricism: Four Comments Inspired By Harrison, Nathaniel T. Wilcox

ESI Publications

"Generally I find Harrison's chapter cogent, interesting, and well-informed in details and particulars, and so do not speak of them. Instead, I reflect on four larger matters Harrison brings to my mind. These four matters are presented below as four separate sections, to be read as four separate and short comments (though the four sections do share a few threads)."

Working Paper No. 12, Technological Convergence And Institutional Evolution In The Energy Sector, James Bennett

Working Papers in Economics

Over a span of more than a hundred years, fossil fuel production could be considered as a long-standing ceremonial technology in the Veblenian sense. However in recent times, due to rapid innovation through technological convergence, renewable energy is becoming just as cost effective and threatens to replace fossil fuels. Robert McCullough observes this change in renewable energy costs, in his report “The End of Big Iron”. Thorsten Veblen’s dichotomy between ceremonial and instrumental technologies, and his thoughts on institutional change can also aide in explaining this recent struggle between “ceremonial” fossil fuels and “instrumental” renewable energy technologies. Nathan Rosenberg should …

Monetary Equilibrium And The Cost Of Banking Activity, Paola Boel, Gabriele Camera

ESI Working Papers

We investigate the effects of banks’ operating costs on allocations and welfare in a low interest rate environment. We introduce an explicit production function for banks in a microfounded model where banks employ labor resources, hired on a competitive market, to run their operations. In equilibrium, this generates a spread between interest rates on loans and deposits, which naturally reflects the underlying monetary policy and the efficiency of financial intermediation. In a deflation or low inflation environment, equilibrium deposits yield zero returns. Hence, banks end up soaking up labor resources to offer deposits that do not outperform idle balances, thus …

A Statistical Analysis Of Economic Perceptions In The 2015 United Kingdom General Election, Amarvir Singh-Bal Mr.

Undergraduate Economic Review

This paper characterises the vote which took place in the United Kingdom's (U.K.) 2015 General Election as an ‘accountability instrument.’ In doing so, the research interrogates which sections of the electorate hold the incumbent government more accountable for economic outcomes between the 2010 and 2015 U.K. General Elections. The Rational Choice Theory and the Michigan Model are used in this study to present two interlinked, and yet distinct, hypotheses – that less politically informed and non-partisan voters are more likely to hold the government accountable for economic performances; compared to the politically informed and partisan voters within the electorate. Implementing …

A Fishy Problem: Effects Of Atlantic Salmon Farming In The Pacific Ocean, Madeleine A. Griffith

Student Theses 2015-Present

In this report, I explore the historical, climatological, economic, and ethical issues created by the contemporary industrial salmon farming practices off Pacific coast of the United States and Canada. Chapter 1 utilizes a variety of sources from Stephen Hume’s A Stain upon the Sea to Miller’s Living in the Environment, to examine the integral part salmon plays in both freshwater and marine ecosystems, the ecosystem services salmon contribute in wild and farmed settings, and the trends in salmon consumption around the world. Chapter 2 examines the historically relevant role salmon held among indigenous societies and how that role has changed …

Establishing Cryptocurrency Equilibria Through Game Theory, Carey Caginalp, Gunduz Caginalp

ESI Publications

We utilize optimization methods to determine equilibria of cryptocurrencies. A core group, the wealthy, fears the loss of assets that can be seized by a government. Volatility may be influenced by speculators. The wealthy must divide their assets between the home currency and the cryptocurrency, while the government decides the probability of seizing a fraction the assets of this group. We establish conditions for existence and uniqueness of Nash equilibria. Also examined is the separate timescale problem in which the government policy cannot be reversed, while the wealthy can adjust their allocation in reaction to the government’s designation of probability.

Box Office Showdown: How Does Movie Market Saturation Affect First Weekend Box Office Revenues?, Matthew Steele

Economics Honors Projects

The scheduling of release dates for feature films is among the most important decisions that movie studios make in the life cycle of a movie. While the economic literature on the movie industry has largely focused on modeling the box office success of a movie based on its own characteristics—star power, critical reception, and trailer data—there is a dearth of literature concerning the way that competition from within the industry affects box office revenues. This article primarily uses a propensity score matching model to fill a gap in the literature, establishing causal relationships between different forms of competition and first …

Does Family Income Determine A Children Future Educational Attainment Level?, Diaisha T. Richards

Applied Economics Theses

Family income and education have been a major concern in a variety of researches, and as a topic in society. These two components are a major concern because they are known to be key elements in determining future success for an individual. Various studies investigated the significance, correlations and impacts these two factors have on one another. It is common for the amount of family income obtained to determine how much education one will receive in the future. This study focuses on testing the hypothesis that family income determines how much education a child will receive in the future. By …

Wage-Vacancy Contracts And Multiplicity Of Equilibria In A Directed Search Model Of The Labor Market, Nicolas L. Jacquet, John Kennes, Serene Tan

Research Collection School Of Economics

This paper studies a directed search model of the labour market, which is standard in all aspects except two. First, we allow firms to post wage–vacancy contracts advertising the number of workers they would pay as well as the payment all will receive. Second, we consider two cases: one where workers are risk neutral and one where workers are risk averse, both in finite and large economies. Our paper shows that when firms post wage–vacancy contracts, whether workers are modelled as risk neutral or risk averse matters: the types of symmetric equilibria and the nature of multiplicity of equilibria are …

Three Essays On Nonstationary Time-Series Analysis And Network Dynamics, Yubo Tao

Dissertations and Theses Collection (Open Access)

My dissertation consists of three essays which contribute new theoretical results to nonstationary time-series analysis and network dynamics.

Chapter 2 examines the limit properties of information criteria (such as AIC, BIC, HQIC) for distinguishing between the unit root model and the various kinds of explosive models. The explosive models include the local-to-unit-root model, the mildly explosive model and the regular explosive model. Initial conditions with different orders of magnitude are considered. Both the OLS estimator and the indirect inference estimator are studied. It is found that BIC and HQIC, but not AIC, consistently select the unit root model when data …

Mixed Bayesian Implementation In General Environments, Takashi Kunimoto

Research Collection School Of Economics

A social choice rule is said to be mixed Bayesian implementable if one can design a mechanism (or institution) in which the set of all mixed Bayesian Nash equilibrium outcomes coincides with that specified by the rule. The objective of this paper is to generalize the results of mixed Bayesian implementation. By means of example, I first assess the implication of common priors in Bayesian implementation. Second, I identify a mild condition that fills the gap between the necessity and sufficiency for mixed Bayesian implementation in general environments including non-economic ones. Third, I establish some new results to unify the …

Equal-Quantile Rules In Resource Allocation With Uncertain Needs, Yan Long, Jay Sethuraman, Jingyi Xue

Research Collection School Of Economics

A group of agents have uncertain needs on a resource, and the resource has to be divided before uncertainty resolves. We propose a class of division rules we call equal-quantile rules, parameterized by λ ∈ (0, 1]. The parameter λ is a common maximal probability of satisfaction — the probability that an agent’s realized need is no more than his assignment — imposed on all agents. Thus, the maximal assignment of each agent is his λ-quantile assignment. If the endowment of the resource exceeds the sum of the agents’ λ-quantile assignments, each agent receives his λ-quantile assignment and the resource …

The Revealed Preference Theory Of Stable Matchings With One-Sided Preferences, Gaoji Hu, Jiangtao Li, Rui Tang

Research Collection School Of Economics

This note studies the testable implications of the theory of stable matchings intwo-sided matching markets with one-sided preferences. Our main result connects therevealed preference analysis to the well-known lattice structure of the set of stablematchings, and tests the rationalizability of a data set by analyzing the joins andmeets of matchings.