Economic Theory Commons^™

Economics Of Recruiting Interactions In Collegiate Sport: An Analysis In Game Theory And Matching Markets, Jessica Twaddle

Murray State Theses and Dissertations

This paper seeks to explain the interactions involved in recruiting prospective student-athletes to universities, particularly in the sport of softball. By employing the concepts of Game Theory, Prisoner’s Dilemma, and Matching Markets, the market for recruiting is explored and explained. Recent legislative changes in the market are then examined as well as possible outcomes as a result. Research on commitments in softball and lacrosse was collected in order to make claims in regard to incentives. The market for recruiting is compared to the residency placement matching system. Ideas are presented on ways to achieve a market that clears where outcomes …

Classical Price Group, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Classical price group by Anwar Shaikh, PhD (24-36_Clas... pp. 2, 17). (Unpublished work) (24-36_Clas... pp. 2, 17).
• Shaikh, A. (2014). Classical theory of price matrix algebra (Unpublished manuscript) (24-36_Clas... p. 6).
• Shaikh, A. (2016). Scaling & Sraffa equations (Unpublished manuscript) (24-36_Clas... p. 15).
• Shaikh, A. (2016). General eq (Unpublished manuscript) (24-36_Clas... p. 3).
• Shaikh, A. (2016). Luis Daniel on strong normalization (Unpublished manuscript) (24-36_Clas... p. 4).
• Shaikh, A. (2016). Alt Wicksell effect within Bienenfeld type (Unpublished manuscript) (24-36_Clas... p. 5).
• Shaikh, A. (2016). D1126 (Unpublished manuscript) (24-36_Clas... p. 19).
• Shaikh, A. (2016). Stur Sraffa (Unpublished manuscript) (24-36_Clas... …

The Effect Of Fast Food Restaurants On Type 2 Diabetes Rates, Grace Bailey

CMC Senior Theses

This paper conducts an analysis of county level data to determine the effect of fast food restaurants on type 2 diabetes rates. Due to endogeneity concerns with respect to the location of fast food restaurants, this paper follows the work of Dunn (2010) and uses the number of interstate exits in a given county to serve as an instrument for fast food restaurants. The strength of the instrument, which is theoretically and empirically tested in this paper, imposes some restraints on the interpretation of the findings. Using the Two-Stage Least Squares estimation method, I find that the presence of fast …

Book Comments, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (n.d.). Perfect competition and imperfect empirical evidence [Handwritten working note]. The New School for Social Research. Unpublished. Includes a quadratic equation and its first-order condition, likely related to a chapter or argument in the capitalism book.
• Shaikh, A. (n.d.). Capitalism book: OUP [Handwritten folder label and internal working note]. The New School for Social Research. Unpublished. Outer folder identifying the contents as materials related to the Oxford University Press edition of Capitalism: Competition, conflict, crises.
• Shaikh, A. (2016). Capitalism: Competition, conflict, crises [Publisher promotional flyer, three copies]. Oxford University Press. Hardcover ISBN 9780199390632, February …

Assorted Loose Notes, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Notes on dependency theory, trade, and sub-saharan Africa macroeconomics by Shaikh, A. (Unpublished work) (23-14_Asso... p. 2)
• Comments on history of economic thought, Marx, and Sraffa by Shaikh, A. (Unpublished work) (23-14_Asso... p. 3)
• Student questions on endogenous money and credit systems by Shaikh, A. (Unpublished work) (23-14_Asso... p. 4)
• Notes on macro foundations and mathematical formulations of production by Shaikh, A. (Unpublished work) (23-14_Asso... p. 5)
• Notes on economic sociology, history of capitalism, and game theory by Shaikh, A. (Unpublished work) (23-14_Asso... p. 6)
• Lecture outlines on early growth models and real business cycle theory by …

Convergence Towards An Optimal Currency Area In The European Union, Santiago Botto Tornielli

Harvey M. Applebaum ’59 Award

This essay uses the European Union as a case study to analyze the conditions for an optimal currency area, the regional differences that give rise to divergences from optimal conditions, and how to measure divergence. The essay reviews the extensive body of theoretical literature on optimal currency areas (OCA), analyzes the historical evidence and documents that outline the economic institutions of the EU, and performs an empirical factor analysis on different possible indicators of convergence to identify to the most important variables. In the absence of adjustment mechanisms, economic geography plays an essential role in forming an OCA because members …

Eigenvalue Paper Luiza, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Eigenvalue distribution, matrix size and the linearity of wage-profit curves by Luiza Nassif Pires and Anwar Shaikh, PhD. (Unpublished work).
• Fwd: Economic Systems Research - Decision on Manuscript ID CESR-2018-0112 by Luiza Nassif Pires. (Unpublished work).
• Shaikh, A. (2018). Core concern is with Sraffa prices (Unpublished manuscript).

Econophysics, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Vmi data set patterns by Anwar Shaikh (unpublished work).
• Shaikh, A. (2008, March 19). 1953–2005, all year, quality 1-2 chart notes. (Unpublished manuscript note).
• Shaikh, A. (2007, April 1). Elasticity of poverty headcount. (Unpublished manuscript note).
• Shaikh, A. (2007, April 1). Growth & inequality of econophysics. (Unpublished manuscript note).
• Yakovenko, V. M. (2007, January 19). Re: amazing support for your argument. (Unpublished email to Anwar Shaikh).
• Bloomquist, K. M. (2007, January 26). Pareto distribution of U.S. wage and salary income. (Unpublished conference abstract).
• Shaikh, A. (2006, April 17). V. Yakovenko: Econophysics lecture …

Marx Now Conference, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Marx now conference, goethe institut plenary panel by Shaikh, A. (Unpublished work) (p. 1)
• Marx's 'economics' by Shaikh, A. (Unpublished work) (p. 2)
• What does it matter? by Shaikh, A. (Unpublished work) (p. 3)
• Made to forget by Shaikh, A. (Unpublished work) (p. 4)

Dorothy Moser Medlin Papers - Accession 1049, Dorothy Moser Medlin

Manuscript Collection

(The Dorothy Moser Medlin Papers are currently in processing.)

This collection contains most of the records of Dorothy Medlin’s work and correspondence and also includes reference materials, notes, microfilm, photographic negatives related both to her professional and personal life. Additions include a FLES Handbook, co-authored by Dorothy Medlin and a decorative mirror belonging to Dorothy Medlin.

Major series in this collection include: some original 18th century writings and ephemera and primary source material of André Morellet, extensive collection of secondary material on André Morellet's writings and translations, Winthrop related files, literary manuscripts and notes by Dorothy Medlin (1966-2011), copies …

We’Re Less Likely To Collaborate In Bad Economic Times, Nina Sirola

Research Collection Lee Kong Chian School Of Business

In the fall of 1930, the U.S. economy was on a path to recovery following a contraction that occurred the year before. However, worries about the state of the economy, and the banking system in particular, prompted an increasing number of bank customers to attempt to withdraw their funds, an event known as a bank run. Because banks normally keep only a small proportion of deposits in cash, bank runs create a self-fulfilling prophecy such that initial concerns about banks’ possible insolvency ultimately cause insolvency. The bank run of 1930 resulted in the worst economic downturn in the modern history, …

Estimating Risk Preferences In The Field, Levon Barseghyan, Francesca Molinari, Ted O'Donoghue, Joshua C. Teitelbaum

Georgetown Law Faculty Publications and Other Works

We survey the literature on estimating risk preferences using field data. We concentrate our attention on studies in which risk preferences are the focal object and estimating their structure is the core enterprise. We review a number of models of risk preferences—including both expected utility (EU) theory and non-EU models—that have been estimated using field data, and we highlight issues related to identification and estimation of such models using field data. We then survey the literature, giving separate treatment to research that uses individual-level data (e.g., property insurance data) and research that uses aggregate data (e.g., betting market data). We …

Sequential Auctions With Decreasing Reserve Prices., Massimiliano Landi, Domenico Menicucci

Research Collection School Of Economics

We study sequential sealed bid auctions with decreasing reserve prices when there are two identical objects for sale and unit-demand bidders (existing literature has dealt with the case of weakly increasing reserve prices). Under decreasing reserve prices bidders may have an incentive not to bid in the first auction, and no equilibrium exists with a strictly increasing stage one bidding function. However, we find that an equilibrium always exists, and its shape depends on the distance between the two reserve prices. The equilibrium exhibits some pooling at the stage one auction, which disappears in the limit as the number of …

Welfare-To-Work: The Effect Of Childcare Subsidies On Labor Force Participation Rates For Low-Income Single Mothers, Ariana Cubela

Williams Honors College, Honors Research Projects

The allocation of funding toward childcare has historically been debated due to conflicting views on the effect childcare subsidies have on low-income, single mothers. Some suggest that federal, state and local funding could put the money allocated for childcare subsidies to better use – or perhaps that there is no need for additional federal, state and/or local funding. However, there is sufficient evidence that children raised in a family structure with low-income single mothers may face long-term negative consequences not only socially, but also economically. An increase in labor force participation rates as a result of childcare subsidies not only …

Opioids And Unemployment, David Robinson

Williams Honors College, Honors Research Projects

There has been a ton of research in economics about the effects of drugs on the employment status of individuals. These papers have looked at the effects mainly pertaining to Marijuana and Cocaine, however this paper will be examining the effects of the opioid Heroin. As a first of its kind paper I will examine the relationship between employment and heroin use. To test this connection I have compiled data from the National Survey on Drug Abuse and Health. Through the use of two econometric models: OLS and Two Stage Least Squares models I will uncover the connection we can …

Wage And Rop Distributions, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Folder Cover Label
  Shaikh, A. (2018). Wage & ROP distributions (File No. NA-24-11). Department of Economics, New School for Social Research.This item is a label on a red folder that marks research materials exploring wages and profit rates.
• Handwritten Research Notes
  Shaikh, A. (2018). Mathematical properties of relative portfolios and property income. Department of Economics, New School for Social Research.This item contains handwritten formulas outlining how capital movements alter asset portfolio values.
• Handwritten Seminar Notes
  Shaikh, A. (2018, December 3). Wage dynamics and adjustment system stability. Department of Economics, New School for Social Research.This item …

Culture And Colonial Legacy: Evidence From Public Goods Games, Latika Chaudhary, Jared Rubin, Sriya Iyer, Anand Shrivastava

ESI Working Papers

We conduct a public goods game in three small towns in the Indian state of Rajasthan. Due to historical military conquest, until 1947 these towns were on (barely) opposite sides of a colonial border separating British India from the Princely States. Our research design offers a treatment comparison between the towns of (British) Kekri and (Princely) Sarwar, and a control comparison between (Princely) Sarwar and (Princely) Shahpura. We find no significant difference in contributions to home town groups, but a significant difference in contributions to mixed town groups. Participants in (British) Kekri are more co-operative (i.e., contribute more) in mixed …

Trust In Humans And Robots: Economically Similar But Emotionally Different, Eric Schniter, Timothy W. Shields, Daniel Sznycer

ESI Working Papers

Trust-based interactions with robots are increasingly common in the marketplace, workplace, on the road, and in the home. However, a looming concern is that people may not trust robots as they do humans. While trust in fellow humans has been studied extensively, little is known about how people extend trust to robots. Here we compare trust-based investments and emotions from across three nearly identical economic games: human-human trust games, human-robot trust games, and human-robot trust games where the robot decision impacts another human. Robots in our experiment mimic humans: they are programmed to make reciprocity decisions based on previously observed …

Mechanism Design, Matching Theory And The Stable Roommates Problem, Yashaswi Mohanty

Honors Theses

This thesis consists of two independent albeit related chapters. The first chapter introduces concepts from mechanism design and matching theory, and discusses potential applications of this theory, particularly in relation to dorm allocations in colleges. The second chapter investigates a subset of the dorm allocation problem, namely that of matching roommates. In particular, the paper looks at the probability of solvability of random instances of the stable roommates game under the condition that preferences are not completely random and exogenous but endogenously determined through a dependence on room choice. These probabilities are estimated using Monte-Carlo simulations and then compared with …

Individualism, Collectivism, And Trade, Aidin Hajikhameneh, Erik O. Kimbrough

Economics Faculty Articles and Research

While economists recognize the important role of formal institutions in the promotion of trade, there is increasing agreement that institutions are typically endogenous to culture, making it difficult to disentangle their separate contributions. Lab experiments that assign institutions exogenously and measure and control individual cultural characteristics can allow for clean identification of the effects of institutions, conditional on culture, and help us understand the relationship between behavior and culture, under a given institutional framework. We focus on cultural tendencies toward individualism/collectivism, which social psychologists highlight as an important determinant of many behavioral differences across groups and people. We design an …