Other Economics Commons^™

Riders On The Storm: Hurricane Risk And Coastal Insurance And Mitigation Decisions, Harrison Laird, Craig E. Landry, Scott Shonkwiler, Dan Petrolia

Journal of Ocean and Coastal Economics

This paper utilizes cross-sectional, household-level, survey data combined with data on subjective risk perceptions and experimentally derived risk preferences to analyze the decision to insure against hurricane losses. Our sample encompasses 670 individuals in five states of the United States Gulf Coast Region (Texas, Louisiana, Mississippi, Alabama, and Florida). This study represents one of the few papers to examine wind insurance empirically and the only study to examine flood insurance, wind insurance, and mitigation behavior contemporaneously. Because these decisions are closely related, we employ a mixed-process regression, which allows for correlated error terms across a random-effects bivariate probit model (flood/wind …

The Effects Of Environmental Corporate Social Responsibility On Financial Returns, Kevin Acevedo

Theses and Dissertations

A major issue concerning companies is global warming and the impact that firms have on the environment. Companies are taking steps towards sustainability, but it is unclear if sustainable business practices are beneficial to companies’ financial performance. This paper examines the effect of environmental corporate social responsibility (CSR) of Fortune 250 companies on financial performance. The analysis reveals significant effects on financial performance, but they are inconsistent and hard to interpret.

Us Financial Expansions And Exchange Rate Determination, Matthew Brill

Electronic Theses and Dissertations

The purpose of this thesis is to explore how US financial activity influences the exchange rates of foreign nations. Starting off by building on Currency Hierarchy and Minskyan dynamics, I look at how financial cycles generated in the US, the key economy, transmit liquidity towards economies on the periphery. Additionally, I use the increase in shadow banking asset accumulation relative to commercial banking asset accumulation as indicative of financial expansions in the US, and the driving force of financial cycles. Using vector autoregression (VAR) analysis I test the relationships between the ratio of US shadow banking assets relative to commercial …

Socioeconomic Factors And Mass Shootings, 1982-2016, Taylor Petkovich

Electronic Theses and Dissertations

This paper is an examination and investigation of the relationship between socioeconomic factors and mass shootings. The objective of this paper was to see if economic policy making could be an effective tool for reducing the level of mass gun violence that America has been experiencing. This paper highlights the known relationship between violent crime and economics and tries to bridge that connection to mass shootings specifically through literature review and econometric testing. The ultimate takeaway from this paper’s results and analysis is the need for a universal definition and governing body for data on mass shootings in order to …

Economics Of Markets: Neoclassical Theory, Experiments, And Theory Of Classical Price Discovery, Sabiou M. Inoua, Vernon L. Smith

ESI Publications

This book establishes that neoclassical economics based on the marginal utility calculus failed to derive a theory of consumer market price discovery consistent with the experimental market evidence. Such markets involve inherently discrete final-demand items bought for consumption and not subject to resale. Classical economists following Adam Smith articulated a rich narrative of price discovery theory consistent with experimental evidence based on operational concepts of discrete demand values (maximum willingness-to-pay), and symmetrically, supply costs (minimum willingness-to-accept). We develop and extend a mathematical model of classical market price formation. Chapter 1 & 2 describes this theme and chapter 3 connects it …

The Relationship Between Groom Price And Parents’ Investment In Their Daughters’ Human Capital, Mahjuja Taznin

Pennsylvania Economic Review

This paper analyzes the relationship between a daughter’s education and the price her family pays for a groom in India. I use an Indian national school-latrine-construction initiative as a policy instrument to address the problem of endogeneity between parental spending on education and groomprice. I find that a woman with an additional year of education marries a more educated groom and pays on average an extra 6 percent for her groomprice. A woman pays extra for each additional year of her groom’s education, resulting in the total effect of a woman with more education paying more groomprice. I do not …

A Profit-Based View Of Economic Granularity In The Perspective Of Market Competition, Jeffrey Yi-Lin Forrest

Pennsylvania Economic Review

This paper studies Gabaix’s granular hypothesis from an analytical angle in lights of profits and market competition. By establishing the profit pictures of the initial firms of an emerging market and the incumbent firms of a maturing market, it is shown that consumers’ evolving preference help intensify market competition and encourage new firms’ entry into an established oligopoly market. With this profit-based logic, among other results established are precise conditions under which Gabaix’s granular hypothesis is either surely true or definitely not true, followed by relevant empirical confirmations. At the end, several important open questions are posed for future research.

Exploring The Effect Of Three-Dimensional Television Advertising On Brand Attitudes: The Roles Of Human Factors, Involvement, Presence, And Flow, Young Bae, Michelle Gordon, Chang-Dae Ham, Jong Woo Jun

Pennsylvania Economic Review

This research explores how consumers process three-dimensional television advertising. It examines the hierarchical relationships among human factors, involvement, presence, flow, and attitudes toward the advertised brand by employing a quasi-experimental design incorporating a real three-dimensional television commercial. This study finds that human factors, i.e., physical fatigue and the inconvenience of wearing three-dimensional glasses, are negatively associated with situational involvement. Situational involvement is in turn positively related to attitudes toward the brand in the three-dimensional television advertisement. Interestingly, feelings of presence significantly mediate the relationship between involvement and attitudes toward the brand, but the flow state does not. Additionally, the physical …

Identification Of Poverty Areas By Using Machine Learning Classification Methods From Satellite Imagery In Buraydah City, In The Qassim Region Of Saudi Arabia, Amal Alfawzan

Murray State Theses and Dissertations

Saudi Arabia is a wealthy country with its many resources, but it has seen an increase in poverty recently because of a high rate of population growth with a high rate of unemployment. Some estimate that the number of Saudi Arabians living in poverty is between two and four million. This research aims to develop a way to detect poverty through remote sensing. The study area is Buraydah City, the largest city of the Qassim region, an important agricultural center that plays a significant role in the economy of Saudi Arabia. The research hypothesized that there are poor areas within …

Bean To Buck: Examining The Effects Of The Global Coffee Commodity Market On Smallholders In Colombia, Alexander Ozols

Honors Theses

Utilizing global coffee commodity prices as an exogenous variable on households' consumption, I examine how global coffee commodity price fluctuations affect the well-being of households in the third-largest coffee-producing nation, Colombia. The results show that rural regions and regions designated as part of the "Coffee Axis" are most affected by fluctuations in prices. While results on other regional distinctions are not significant, the size of a household's farming operation dictates how increases in consumption are affected. Lastly, I show that changes in coffee prices, do not have any effect on whether a small or large farm will switch to growing …

From Soup To Nuts - The Efficiency Of Non-Profits: Evidence From U.S. Food Banks, Mary A. Mattingly

Masters Theses

Nonprofits are a growing part of America’s economy and play an import role in fulfilling the needs of society in addition to private firms and government agencies. Economists haven’t researched nonprofits as much as other firms in the past, but this is starting to change. This project looks at the efficiency of 20 food banks in the United States using Data Envelopment Analysis. The results show that American Food Banks appear to be using their funds efficiently, but others could learn to use their inputs and outputs in a more efficient manner. As more data becomes available, this area of …

Sustainability In The New England Ski Industry, Sydney E. Gendreau

Honors Theses and Capstones

The goal of this study is to explore the extent to which sustainable investments are worthwhile for the New England ski industry. Research has shown that the New England ski industry will be greatly impacted by the effects of climate change within the near future. Anthropogenic climate change over the next several decades will cause frequent low snow winters, increases in night time winter temperatures, and overall shorter winters. Detailed economic analysis has shown that low snow and warm winters result in roughly $54 million in lost revenue for the New Hampshire ski industry in the past (Burakowski, Magnusson, 2012). …

“The Real Cost Of Mining: How Digging For Rare Earth Metals Could Pose A Greater Cost Than Evs Can Save”, Brahim Khalil Yatim

Honors Theses and Capstones

The Paris Climate Agreement proposes to have 20% of all road transport vehicles be electric by the year 2030. Implementation of this policy is critical to help obtain a 2 degrees Celsius reduction in the increase of global temperatures by 2030. This paper dives into the true costs of taking on a project that large scale. This study finds that though the benefits of this project would result in a 351,785,600 tons of GHG saved by the electric conversion there are significant environmental and human costs associated with the mining necessary to complete the agreement's goal. With current technologies and …

Nssr Racist Poster, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• The New Jew, 2022. Paleolithic or Palestinian? [Poster]. The New School.
• Shaikh, A., 2022. Cambridge MA trip [Handwritten notes]. Anwar Shaikh, PhD.

Promoting Regulatory Prediction, Jonathan S. Masur, Jonathan R. Nash

Faculty Articles

It is essential for environmental protection that private actors be able to anticipate government regulation. If, for instance, the Biden Administration is planning to tighten regulations of greenhouse gas emissions, it is imperative that private companies anticipate this regulatory change now, not a few years from now after they have constructed even more coal- and gas-fired power plants. Those additional power plants will mean more irreversible greenhouse gases, and these plants can be politically challenging to shutter once built. The point is general to private actors making decisions in the shadow of potential government regulation. Better information about future government …

The Sec’S Climate Disclosure Rule: Critiquing The Critics, George S. Georgiev

Faculty Articles

Climate change is an existential phenomenon, which entails a wide variety of physical risks as well as sizeable but underappreciated economic risks. In March 2022, the U.S. Securities and Exchange Commission (SEC) moved to address some of the information gaps related to the effects of climate change on firms by proposing a rule that requires public companies to report detailed and standardized information about important climate-related matters for the benefit of investors and markets. Though the rule proposal was welcomed by many market participants, it was also met with a level of opposition that was unusual in both its intensity …

Equality Offshore, Martin W. Sybblis

Faculty Articles

Global governance architecture, crafted by wealthy nations, has perpetuated the subordination of developing jurisdictions. The Article offers a novel and surprising analysis of governance tools used by wealthy countries and inter-governmental organizations to constrain offshore financial centers (OFCs) by focusing on the tools’ disparate impacts on tax havens whose populations comprise predominantly Black and Brown people. With tax haven issues garnering increasing attention, this Article provides a pathbreaking conceptual framework for examining the international tax, crime, and business discourse on OFCs. It also illuminates how the actions of powerful international actors, such as the Organization for Economic Cooperation and Development …

Sexual Assault On Campus: The Impact Of The Women's Gymnastics Scandal On Michigan State, Bryan Mccannon, Kaleigh Strohl

Faculty & Staff Scholarship

In 2017 Larry Nassar was sentenced to 60 years for assaulting over 300 women during his career as team doctor for the U.S. women’s national gymnastics team and as an osteopathic doctor and professor at Michigan State University. The university received a stream of negative publicity for their role in the scandal. We identify the impact of the sexual assault scandal on the university. Using a synthetic control method approach, we estimate the differences between the real and “synthetic” Michigan State in several university outcomes. We find significant reductions in the number of applications, changes in gender ratio of incoming …

Disparate Financial Assistance Support For Small Business Owners, Sophia Fox-Dichter, Daniel Auguste, Mathieu Despard, Michal Grinstein-Weiss

Social Policy Institute Research

Small business owners experienced a drastic economic disruption caused by the COVID-19 pandemic. Government pandemic assistance failed to reach many small business owners, especially those historically underserved by financial institutions. Drawing on a 2021 survey of 246 small business owners, the Social Policy Institute at Washington University in St. Louis descriptively examined the extent to which small business owners sought and received business assistance, and whether applications and approval of government assistance varied by race and ethnicity. We find that though Hispanic and Black business owners applied for government assistance at a higher rate than white business owners, Black business …

In My Backyard: Bioregional Communities As A Climate Mitigation Strategy, Zoe Johnston

Capstone Showcase

The urgency of the climate crisis requires an immediate revisioning of our society in order to mitigate the worst environmental consequences. This paper explores one possible climate mitigation strategy, bioregionalism, a theoretical vision of re-localizing economies and defining their reach by natural boundaries (Curtis 2003; Cato 2011). This idea of relocalization emerges from an understanding that globalized capitalism has exacerbated, if not engendered, the climate crisis. Local communities represent an alternative method of organizing in which people are more directly connected to the land that they live on. One major critique of bioregionalism, made by Albo (2007) and Hahnel (2007), …