Nebraska Business And Consumer Confidence Indexes: March 9, 2018,
2018
University of Nebraska-Lincoln
Nebraska Business And Consumer Confidence Indexes: March 9, 2018, Eric Thompson
Leading Economic Indicator Reports
Nebraska consumer and business confidence fell during February 2018, dropping from the near-peak levels seen in January. The Consumer Confidence Index – Nebraska (CCI-N) fell to 101.6 in February from a value of 115.2 in January. The February value remains above the neutral level of 100.0. The Business Confidence Index – Nebraska (BCI-N) fell to 107.4 In February from 112.2 in January. Both monthly readings were well above the neutral value of 100.0 suggesting that business confidence remains strong. When asked about the most important issue facing their business, customer demand was mentioned by 38 percent of respondents. But, there …
Your Money Or Your Time? Experimental Evidence On Overbidding In All-Pay Auctions,
2018
Chapman University
Your Money Or Your Time? Experimental Evidence On Overbidding In All-Pay Auctions, Adriana Breaban, Charles N. Noussair, Andreea Victoria Popescu
ESI Working Papers
Competition for a prize frequently takes the form of dedicating time toward winning a contest. Those who spend the most time become more likely to obtain the prize. We model this competition as an all-pay auction under incomplete information, and report an experiment in which expenditures and rewards are in terms of time. In the experiment, subjects must stay in the laboratory doing nothing for an initially prespecified length of time. However, they can bid, in terms of time, to leave early. The auction has an allpay structure so that if an individual does not submit the highest bid within …
Experimental Evidence On The Cyclicality Of Investment,
2018
Ohio University
Experimental Evidence On The Cyclicality Of Investment, Cortney S. Rodet, Andrew Smyth
ESI Working Papers
We report laboratory experiments investigating the cyclicality of investment. In our setting, optimal investment is counter-cyclical because investment costs fall following market downturns. However, we do not observe counter-cyclical investment. Instead, heuristic investment models where firms invest a fixed percentage of their liquidity, or a fixed percentage of anticipated market demand, better fit our data on average than does optimal investment. We also report a control treatment without cost changes and a treatment with asymmetric investment liquidity. Both of these extensions support our main result.
Indefinitely Repeated Contests: An Experimental Study,
2018
Harvard University
Indefinitely Repeated Contests: An Experimental Study, Philip Brookins, Dmitry Ryvkin, Andrew Smyth
ESI Working Papers
We experimentally explore indefinitely repeated contests. Theory predicts more cooperation, in the form of lower expenditures, in indefinitely repeated contests with a longer expected time horizon, yet our data do not support this prediction. Theory also predicts more cooperation in indefinitely repeated contests compared to finitely repeated contests of the same expected length, but we find no significant difference empirically. When controlling for risk and gender, we actually find significantly higher long-run expenditure in some indefinite contests relative to finite contests. Finally, theory predicts no difference in cooperation across indefinitely repeated winner-take-all and proportional-prize contests. We find significantly less cooperation …
Contracts And Hierarchies: A Moral Examination Of Economic Theories Of The Firm,
2018
Pepperdine University
Contracts And Hierarchies: A Moral Examination Of Economic Theories Of The Firm, Jooho Lee
All Faculty Open Access Publications
An influential set of economic theories argue that the firm is a nexus of contracts that institute a hierarchy to overcome the problems of incomplete contracting in the market. However, the economic theory of the firm as a hierarchy violates the moral requirement to respect the autonomy of those who contract into the firm. The internal logic of the theory depends on a morally unacceptable abdication of a part of the employee’s capacity to set her own ends in the future. So a different theory is needed to understand the nature and purpose of the firm. The development of such …
Measuring Health Outcomes Of Uncovered Employment: A Study Of Income, Social Mobility, Equality, And Health Indicators In An Under-Looked Segment Of The Labor Force,
2018
University of Maryland, Baltimore County
Measuring Health Outcomes Of Uncovered Employment: A Study Of Income, Social Mobility, Equality, And Health Indicators In An Under-Looked Segment Of The Labor Force, Zakariya Kmir
Undergraduate Economic Review
Economists have strongly supported the idea that unemployment causes many undesirable health outcomes. However, how does belonging to a different sector of employment tied closely to changes in minimum wage and inflation relate to overall health? To properly understand the numerical significance of health disparities in the uncovered sector of employment, this research is targeted at quantifying the relationship between the insured and non-insured within the uncovered sector. By substantiating the existence of severe health disparities as a function of the labor force dynamic, this research subsequently estimates the amount of inefficiency and negative health outcomes in the US economy …
Nebraska Business And Consumer Confidence Indexes: February 2, 2018,
2018
University of Nebraska-Lincoln
Nebraska Business And Consumer Confidence Indexes: February 2, 2018, Eric Thompson
Leading Economic Indicator Reports
Consumer and business confidence rebounded in Nebraska during January 2018. The Consumer Confidence Index – Nebraska (CCI-N) rose to 115.2, well above the neutral level of 100.0 and a value of 93.3 in December 2017. This is the highest level recorded for the CCI-N since it was first released in February of 2016. The Business Confidence Index – Nebraska (BCI-N) rose to 112.2 in January from 107.5 in December. Both monthly readings were well above the neutral value of 100.0. When asked about the most important issue facing their business, customer demand was mentioned by 40 percent of respondents. The …
On Random Social Choice Functions With The Tops-Only Property,
2018
Singapore Management University
On Random Social Choice Functions With The Tops-Only Property, Shurojit Chatterji, Huaxia Zeng
Research Collection School Of Economics
We study the standard voting model with randomization. A Random Social Choice Function (or RSCF) satisfies the tops-only property if the social lottery under each preference profile depends only on the peaks of voters' preferences. We identify a general condition on domains of preferences (the Interior Property and the Exterior Property) which ensures that every strategy-proof RSCF satisfying unanimity has the tops-only property. We show that our condition applies to important classes of voting domains which include restricted connected domains (Sato, 2013) and the multi-dimensional single-peaked domain (Barberà et al., 1993). As an application of our result, we show that …
A Large Class Of Strategy-Proof Exchange Rules With Single-Peaked Preferences,
2018
Singapore Management University
A Large Class Of Strategy-Proof Exchange Rules With Single-Peaked Preferences, Peng Liu
Research Collection School Of Economics
We study the classical house exchange problem (Shapley and Scarf (1974)) and identified a large class of rules, each of which is strategy-proof, efficient, and individually rational with single-peaked preferences. These rules are generalisations of Gale’s top trading cycles rule: In each step a subset of houses are allowed to be traded along top trading cycles and in particular, the next step subset of trading houses may depend on the exchanges happened already. We believe that the flexibility introduced by this class of rules is desirable when the designer faces some context-specific requirements.
On Random Social Choice Functions With The Tops-Only Property,
2018
Singapore Management University
On Random Social Choice Functions With The Tops-Only Property, Shurojit Chatterji, Huaxia Zeng
Research Collection School Of Economics
We study the standard voting model with randomization. A Random Social Choice Function (or RSCF) satisfies the tops-only property if the social lottery under each preference profile depends only on the peaks of voters' preferences. We identify a general condition on domains of preferences (the Interior Property and the Exterior Property) which ensures that every strategy-proof RSCF satisfying unanimity has the tops-only property. We show that our condition applies to important classes of voting domains which include restricted connected domains (Sato, 2013) and the multi-dimensional single-peaked domain (Barberà et al., 1993). As an application of our result, we show that …
Industrial Output Fluctuations In Developing Countries: General Equilibrium Consequences Of Agricultural Productivity Shocks,
2018
Singapore Management University
Industrial Output Fluctuations In Developing Countries: General Equilibrium Consequences Of Agricultural Productivity Shocks, Iona Hyojung Lee
Research Collection School Of Economics
This paper shows that a negative shock to agricultural productivity may increase food prices, and labor and capital can move away from manufacturing into agriculture to meet the subsistence requirement for food. This effect depends on income levels and openness to trade. Using annual manufacturing data and rainfall shocks as the instrument for crop yields (proxy for agricultural productivity), I find that an exogenous decline in yield decreases manufacturing output as well as employment and capital investment in manufacturing. Overall, crop yield variation can explain up to 44% of industrial output fluctuations in developing countries (rainfall shocks cause 31% of …
Limit Theory For Mildly Integrated Process With Intercept,
2018
Singapore Management University
Limit Theory For Mildly Integrated Process With Intercept, Yijie Fei
Research Collection School Of Economics
Some asymptotic results are given for first-order autoregressive (AR(1)) time series with two features: (i). a nonzero constant intercept (ii). a root moderately deviating from unity. Both stationary and explosive sides are studied. It is shown that the inclusion of intercept will change drastically the large sample properties of the least-squares (LS) estimator obtained in Phillips and Magdalinos (2007, PM hereafter). For near-stationary case, only an unusual convergence of a linear combination of intercept and AR coefficient can be derived. For near-explosive case, on the other hand, the limiting distributions of two estimators will be independent and Gaussian, with conventional …
Low Perceived Control Over Health Is Associated With Lower Treatment Uptake In A High Mortality Population Of Bolivian Forager-Farmers,
2018
University of California, Santa Barbara
Low Perceived Control Over Health Is Associated With Lower Treatment Uptake In A High Mortality Population Of Bolivian Forager-Farmers, Sarah Alami, Jonathan Stieglitz, Hillard Kaplan, Michael Gurven
ESI Publications
Indigenous people worldwide suffer from higher rates of morbidity and mortality than neighboring populations. In addition to having limited access to public health infrastructure, indigenous people may also have priorities and health perceptions that deter them from seeking adequate modern healthcare. Here we propose that living in a harsh and unpredictable environment reduces motivation to pursue deliberate, costly action to improve health outcomes. We assess whether variation in Health Locus of Control (HLC), a psychological construct designed to capture self-efficacy with respect to health, explains variation in treatment uptake behavior among Tsimane Amerindians (N=690; age range: 40–89 years; 55.8% female; …
Testing The Boundaries Of The Double Auction: The Effects Of Complete Information And Market Power,
2018
Chapman University
Testing The Boundaries Of The Double Auction: The Effects Of Complete Information And Market Power, Erik O. Kimbrough
Economics Faculty Articles and Research
We report boundary experiments testing the robustness of price convergence in double auction markets for non-durable goods in which there is extreme earnings inequality at the competitive equilibrium (CE). Following up on a conjecture by Smith (1976a), we test whether the well-known equilibrating power of the double auction institution is robust to the presence of complete information about traders’ values and costs and the presence of symmetric market power. We find that complete information is insufficient to impede convergence to CE prices; however, introducing market power consistently causes prices to deviate from the CE, whether or not subjects possess complete …
Nebraska Business And Consumer Confidence Indexes: January 5, 2018,
2018
University of Nebraska-Lincoln
Nebraska Business And Consumer Confidence Indexes: January 5, 2018, Eric Thompson
Leading Economic Indicator Reports
Consumer and business confidence declined in Nebraska during December 2017. The Consumer Confidence Index – Nebraska (CCI-N) fell to 93.3 in December, well below the neutral level of 100.0. The index had reached a record level of 106.2 in November, but that high level of confidence was not sustained. The Business Confidence Index – Nebraska (BCI-N) fell from 114.1 in November to 107.5 in December. While lower, the December reading remains well above the neutral value of 100.0. When asked about the most important issue facing their business, customer demand was mentioned by 38 percent of respondents. The availability and …
The Tug-Of-War In The Laboratory,
2018
Chapman University
The Tug-Of-War In The Laboratory, Cary Deck, Roman Sheremeta
ESI Working Papers
The tug-of-war is a multi-battle contest often used to describe extended interactions in economics, operations management, political science, and other disciplines. While there has been some theoretical work, to the best of our knowledge, this paper provides the first experimental study of the tug-of-war. The results show notable deviations of behavior from theory derived under standard assumptions. In the first battle of the tug-of-war, subjects often bid less, while in the follow-up battles, they bid more than predicted. Also, contrary to the prediction, bids tend to increase in the duration of the tug-of-war. Finally, extending the margin necessary to win …
Time Delay And Investment Decisions: Evidence From An Experiment In Tanzania,
2018
State University of New York (at Binghamton)
Time Delay And Investment Decisions: Evidence From An Experiment In Tanzania, Plamen Nikolov
Economics Faculty Scholarship
Attitudes toward risk underlie virtually every important economic decision an individual makes. In this experimental study, I examine how introducing a time delay into the execution of an investment plan influences individuals’ risk preferences. The field experiment proceeded in three stages: a decision stage, an execution stage and a payout stage. At the outset, in the Decision Stage (Stage 1), each subject was asked to make an investment plan by splitting a monetary investment amount between a risky asset and a safe asset. Subjects were informed that the investment plans they made in the Decision Stage are binding and will …
Cacao Together: A Model For True Sustainability In The Chocolate Industry,
2018
SIT Graduate Institute
Cacao Together: A Model For True Sustainability In The Chocolate Industry, Kerstin Roos
Capstone Collection
This Course Linked Capstone provides a critical analysis of the concept of sustainable development and then uses this analysis to create a social venture plan for a non-profit called Cacao Together. This capstone project will identify challenges in the sustainable use of cacao by first critiquing the mainstream sustainable development initiatives of certification schemes and corporate sustainability programs. It then offers an alternate framework through the 5 Capital Livelihood assessment tool which when applied, shows the gaps in cacao sustainability initiatives generally. I then propose a social venture that will addresses the needs of many parts of the chocolate supply …
The Effects Of An Increasing Federal Minimum Wage On Federal Unemployment And Job Automation Levels,
2018
University of Central Florida
The Effects Of An Increasing Federal Minimum Wage On Federal Unemployment And Job Automation Levels, Kiana Krayeski
Honors Undergraduate Theses
The industrial revolution was the start of increasing technological advancements that are continuing to grow today. Technology improves accuracy, efficiency and is more productive in comparison to human labor as it does not require breaks and cannot violate any labor laws. With many innovations available today, firms have more options to choose from and can select the relatively cheaper solution. The push for a fifteen-dollar minimum wage affects the firm's options, and the use of technology might increasingly become the more viable choice. This study took data from the years 1993 to 2016 and created two regressions using the unemployment …
Io Eigenvalue,
2018
Bard College
Io Eigenvalue, Anwar Shaikh Phd
Archives of Anwar Shaikh
24-32_LTV RE Adj Notes.pdf You said: as an archivist detailing a new entry, analyze the uploaded file and give an outline of the material with all dates standardized, all bullet-point item formatting, and sentence case for titles, and italics for all titles, 1.5 spacing between paragraphs, and expand the published items into full apa references with publisher details and journal information but without internet links, or any further description of the different items, standardize the handwritten notes, emails, and comments into full apa-style manuscript citations so they match the level of formality of the published papers, with all handwritten notes …
