Economic Theory Commons^™

Teacher Qualifications And Student Achievement: A Panel Data Of Analysis, Trevor Collier

Economics and Finance Faculty Publications

Recent academic research suggests that teacher quality plays an important role in student achievement: however, empirical research on the efficacy of policies requiring teachers to obtain certain degrees is inconclusive, particularly in elementary education. This paper models a panel data production function with fixed effects using the Early Childhood Longitudinal Study (ECLS-K) to asses the relationship between different undergraduate and graduate majors and elementary student test scores. Specifcally, we aim to discern if there is a difference in teacher efficacy within the different education related majors (e.g. early childhood education and elementary education) and between education and non-education related majors.

The Gettysburg Economic Review, Volume 7, Spring 2013

Gettysburg Economic Review

No abstract provided.

Faith, Science And Religion, Vernon L. Smith

ESI Publications

No abstract provided.

On The Orthodox Nature Of Heterodox Income Distribution Theory, Ross A. Nichols

Gettysburg Economic Review

The goal of this paper is to show that orthodox and heterodox theories of personal income distribution developed in the mid-twentieth century are effectively identical, despite their claims to the contrary. While segmented labor market theory contends that neoclassical theories of personal income distribution, such as human capital theory, ignore the impact of social institutions on the labor market, human capital theory actually implicitly incorporates them. Social institutions are, therefore, just as important in the orthodox approach to personal income distribution. Yet, while this is the case, the heterodox perspective is valuable because of the stress it places on social …

Cognitive Systems For Revenge And Forgiveness, Michael E. Mccullough, Robert Kurzban, Benjamin A. Tabak

ESI Publications

Minimizing the costs that others impose upon oneself and upon those in whom one has a fitness stake, such as kin and allies, is a key adaptive problem for many organisms. Our ancestors regularly faced such adaptive problems (including homicide, bodily harm, theft, mate poaching, cuckoldry, reputational damage, sexual aggression, and the infliction of these costs on one's offspring, mates, coalition partners, or friends). One solution to this problem is to impose retaliatory costs on an aggressor so that the aggressor and other observers will lower their estimates of the net benefits to be gained from exploiting the retaliator in …

Marx On Value, Form Of Value, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A. (n.d.). Marx on value, form of value [Handwritten cover note].

• Shaikh, A. (n.d.). Marx on value [Typed manuscript].

• Shaikh, A. (2013, October 31). L eco 3101 [Unpublished handwritten notes].

• Shaikh, A. (2013, October 24). Hist. foundations I [Unpublished handwritten notes].

• Shaikh, A. (2013, November 6). Hist of thought [Unpublished handwritten notes].

• Shaikh, A. (n.d.). Notes on contradiction, exchange, and money [Unpublished handwritten notes].

• Shaikh, A. (2013, October 24). Hist found. I [Unpublished handwritten notes].

• Shaikh, A. (n.d.). Lecture 2: Exchange, money and price [Typed manuscript with handwritten …

Sustainable What? An Overview And Assessment Of "Sustainable Development", Jeffrey K. Hass

Sociology and Anthropology Faculty Publications

Occasionally an academic term becomes a meme in broader media and popular discourse. Among such terms are "stagflation", "globalization", and the concept that this chapter and volume addresses: "sustainable development". Like many other such terms, this concept implies an important subject and broad outlines of research programs and policy initiatives. Yet while provoking consideration of important and often uneasy issues, such a term can also mystify or deflects attention from other related issues. Given the clear evidence of global warming trends and the costs of environmental degradation, the eventuality of peak oil and increasing demand for increasingly scarce fossil fuels …

Classical Theory Of Price, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Classical theories of price [Folder cover]. (n.d.).

• Shaikh, A. (2009, February 26). Classical theory of price: Ricardo [Unpublished handwritten manuscript].

• Shaikh, A. (2010, September 28). Classical theories of price (GE6211S) [Unpublished handwritten manuscript].

• Shaikh, A. (2013, September 19). Section 4 (GE6211S) [Unpublished handwritten manuscript].

• Shaikh, A. (2013, September 19). Direct & indirect labor time (GE 6211S) [Unpublished handwritten manuscript].

• Shaikh, A. (2009, February 5). Basic structure of the classical theory of price [Unpublished course document for GECO6205].

• Shaikh, A. (2004, September 22). Structure of the classical theory of price (Eco …

Loose Notes, Articles, Newspapers, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Wassener, B., Bradsher, K., & Reuters. (2012). Trade data confirms economic slowdown in China (and other articles). The New York Times, September 11, 2012. The New York Times Company.
• Campbell, I. (2011). The limitations on central banks (and other articles). The New York Times, August 15, 2011. The New York Times Company.
• Shaikh, A. (n.d.). The arc of modern macroeconomics (Unpublished manuscript notes).
• Shaikh, A. (n.d.). Kalecki and monopoly power theory (Unpublished manuscript notes).
• Shaikh, A. (2013). Bellafiore on Sweezy and Mattick (Unpublished manuscript notes).
• Shaikh, A. (n.d.). Kaleckian distribution and trade balance dynamics (Unpublished …

Macro General Notes I, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Surowiecki, J. (2013). Stockmania. The New Yorker, 38. Condé Nast. (22-13_Macr... p. 2)
• Shaikh, A. (2008). Wray on government finance (Unpublished manuscript notes). (22-13_Macr... p. 3)
• Shaikh, A. (2012). Firms collectively decide to raise investment (Unpublished manuscript notes). (22-13_Macr... p. 4)
• Shaikh, A. (n.d.). Government bond finance and consumer sacrifice (Unpublished manuscript notes). (22-13_Macr... p. 5)
• Shaikh, A. (n.d.). Mathematical formulations on prices and wages (Unpublished manuscript notes). (22-13_Macr... p. 6)
• Davis, J. (2011). The crypto-currency: Bitcoin and its mysterious inventor. The New Yorker, 62–70. Condé Nast. (22-13_Macr... p. 7)
• Lohr, S. (2011). More jobs …

An Experimental Investigation Of Colonel Blotto Games, Subhasish M. Chowdhury, Dan Kovenock, Roman M. Sheremeta

Economics Faculty Articles and Research

This article examines behavior in the two-player, constant-sum Colonel Blotto game with asymmetric resources in which players maximize the expected number of battlefields won. The experimental results support the main qualitative predictions of the theory. In the auction treatment, where winning a battlefield is deterministic, disadvantaged players use a 'guerilla warfare' strategy that stochastically allocates zero resources to a subset of battlefields. Advantaged players employ a 'stochastic complete coverage' strategy, allocating random, but positive, resource levels across the battlefields. In the lottery treatment, where winning a battlefield is probabilistic, both players divide their resources equally across all battlefields. However, we …

Commodity Prices (Chapter 10), Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (n.d.). Ch 10 commodity prices / industrial prices (Unpublished manuscript notes) (p. 1).
• Shaikh, A. (2011, January 11). Fixcapesample.xmcd (Unpublished manuscript notes) (p. 2).
• Shaikh, A. (n.d.). Production function notes.docx (Unpublished manuscript notes) (p. 4).
• Shaikh, A. (2010, August 28). Petri reswitching.xmcd (Unpublished manuscript notes) (p. 22).
• Shaikh, A. (2013, November 24). Price and value aggregates (Unpublished manuscript notes) (p. 26).
• Shaikh, A. (2009, January 6). Three lines of inquiry w/r linear std prices (Unpublished manuscript notes) (p. 27).
• Shaikh, A. (2010, January 20). Subdominant eigenvalues of a (Unpublished manuscript notes) (p. 28).
• Shaikh, A. …

Eminent Economist Galleys, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2013). Order in and through disorder: the invisible hand as a turbulent regulator (Unpublished manuscript) (p. 2).
• Shaikh, A. (2013). No question market (Handwritten note) (p. 2).
• Shaikh, A. (2013). Up (Handwritten note) (p. 4).
• Shaikh, A. (2013). S(?) (Handwritten note) (p. 5).
• Shaikh, A. (2013). And more recently of rob johnson and the institute for new economic thinking (inet) (Handwritten note) (p. 7).
• Shaikh, A. (2013). Le (Handwritten note) (p. 9).
• Shaikh, A. (2013). E (Handwritten note) (p. 9).
• Becker, G. S. (1962). Irrational behavior and economic theory. Journal of Political Economy, …

An Empirical Analysis Of The Migratory Flows To The United States, Felipe Isaias Galan Uribe

Open Access Theses & Dissertations

Migration is generally regarded as an investment decision. Costs and gains from relocating are employed to explain migratory flows. Labor market conditions are important in defining such gains and costs. Labor markets are affected by regulatory burdens. This study is an analysis the effect of labor markets restrictiveness on migrations. Data from Doing Business are employed to describe the labor market situation in 168 countries during the year 2010. The United States is employed as benchmark of an open economy attracting migrants. Outcomes are somewhat ambiguous. Sime regulations are found to lead to more migration, while other actually help to …

How Universal Is The Big Five? Testing The Five-Factor Model Of Personality Variation Among Forager-Farmers In The Bolivian Amazon, Michael Gurven, Christopher Von Rueden, Maxim Massenkoff, Hillard Kaplan, Marino Lero Vie

ESI Publications

The five-factor model (FFM) of personality variation has been replicated across a range of human societies, suggesting the FFM is a human universal. However, most studies of the FFM have been restricted to literate, urban populations, which are uncharacteristic of the majority of human evolutionary history. We present the first test of the FFM in a largely illiterate, indigenous society. Tsimane forager–horticulturalist men and women of Bolivia (n = 632) completed a translation of the 44-item Big Five Inventory (Benet-Martínez & John, 1998), a widely used metric of the FFM. We failed to find robust support for the FFM, based …

Eco104 Ricardo Ii Ltv + Empirical, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection contains:

• Profit/wage ratios and fixed capital models, including labor theory of value calculations [Tables and figures]. (n.d.).

• Shaikh, A., PhD. (2013, October 4). Ricardo on rent & FROP [Handwritten notes for GECO 104].

• Shaikh, A., PhD. (n.d.). Ricardo on fiscal policy and taxes (Ricardian equivalence), including Say’s law [Handwritten notes].

• Shaikh, A., PhD. (n.d.). Analytical structure of classical theory of price [Handwritten notes].

• Shaikh, A., PhD. (2013, September 19). Next: Ricardo example—data—Schwartz—IO—reprise of Smith [Handwritten notes].

• Shaikh, A., PhD. (2008, September 16). Lecture III: Ricardo on value & price [Handwritten notes for …

Eco104 Historical Foundations Lecture Ii Smith, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection contains:

• Shaikh, A., PhD. (n.d., October 24). Email-related notes and questions [Handwritten notes].

• Shaikh, A., PhD. (n.d., October 24). Smith [Handwritten notes].

• Shaikh, A. (2010, September 14). Basic structure of the classical theory of price [Manuscript].

• Shaikh, A., PhD. (n.d.). The wealth of nations [Handwritten reading notes].

• Shaikh, A., PhD. (2001, October 3). Adam Smith [Handwritten notes for ECO 104].

• Shaikh, A., PhD. (n.d.). The wealth of nations [Annotated pages].

• Shaikh, A., PhD. (n.d.). Starfish: Pictures—Lang history of thought [Handwritten notes].

• Shaikh, A., PhD. (2013, Fall). Smith [Course outline for …

What's Left Of Micro, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Shaikh, A. (2013, November 10). Comments [Unpublished handwritten manuscript].

• Shaikh, A. (n.d.). Disagreements [Unpublished handwritten manuscript].

• Shaikh, A. (n.d.). Rethinking micro [Unpublished handwritten manuscript].

• Shaikh, A. (2013, November 10). Ceylon bicycle repair shop: Rethinking micro (UMass/NSSR student conference) [Unpublished handwritten manuscript].

• Shaikh, A. (2009, December 3). What’s left of microeconomics: Lecture outline [Unpublished manuscript].

• Guerrien, B. (2002, March 15). Is there anything worth keeping in standard microeconomics? Post-Autistic Economics Review, (12), Article 1. Post-Autistic Economics Network.

• Harcourt, G. C. (2002, May 2). Comment on Bernard Guerrien’s essay. Post-Autistic Economics …

When Parity Promotes Peace: Resolving Conflict Between Asymmetric Agents, Erik O. Kimbrough, Roman M. Sheremeta, Timothy W. Shields

ESI Working Papers

Due to the high costs of conflict both in theory and practice, we examine and experimentally test the conditions under which conflict between asymmetric agents can be resolved. We model conflict as a two-agent rent-seeking contest for an indivisible prize. Before conflict arises, both agents may agree to allocate the prize by fair coin flip to avoid the costs of conflict. The model predicts that “parity promotes peace”: in the pure-strategy equilibrium, agents with relatively symmetric conflict capabilities agree to resolve the conflict by using a random device; however, with sufficiently asymmetric capabilities, conflicts are unavoidable because the stronger agent …

Cheap Talk With Two Audiences: An Experiment, Mikhail Drugov, Roberto Hérnan-Gonzalez, Praveen Kujal, Marta Troya Martinez

ESI Working Papers

In this paper we experimentally test strategic information transmission between one informed and two uninformed agents in a cheap-talk game. We find evidence of the "disciplining" effect of public communication as compared to private; however, it is much weaker than predicted by the theory. Adding a second receiver naturally increases the complexity of strategic thinking when communication is public. Using the level-k model, we exploit the within subject design to show how individuals decrease their level-k in public communication. Surprisingly, we find that individuals become more sophisticated when they communicate privately with two receivers rather than one.