Other Economics Commons^™

Financial Reporting And Moral Sentiments, Radhika Lunawat, Timothy W. Shields, Gregory B. Waymire

ESI Working Papers

Dating back at least to Adam Smith (1790), philosophers and researchers expect that people will behave differently when they know their actions are observable to others. We hypothesize that financial reporting reveals managers’ actions and leads them to take different actions that are better aligned with investor interests. We posit that the reason why is the activation of our internal mental self-evaluation that Smith refers to as an “Impartial Spectator.” We test this hypothesis with an experiment in which we manipulate the availability of a financial report that makes managerial actions transparent. Our evidence shows that financial reporting leads a …

Nyc’S Boom: More Jobs And Housing, No Affordability, Lacandis Brown

Capstones

Although the number of NYC jobs is steadily growing faster than housing units are being created. Housing units are still being made in abundance, but residents say these new jobs just don't provide an adequate wage necessary to live within them.

https://lacandisbrown.home.blog/2020/06/19/nycs-boom-more-jobs-and-housing-no-affordability/

Meta Analysis Of Rct Interventions, Ayo Ellis

Master's Theses

External validity of an RCT intervention enables understanding of where interventions are successful.

Meta-analysis allows for more generalized statements to be made on the effectiveness of RCTs across countries of different geographic and national income profiles. By comparing the findings from similar studies carried out in different settings I seek to describe whether RCTs in certain sectors are more sensitive to high GDP growth or higher levels of GDP. I consider 402 health, education, and industry development RCT studies done between 1980 and 2015 in 201 countries compiled by development non-profit Aidgrade. I find no significant effect of income level …

Economics Of Covid-19 In Class Work 13 Creative Industries, Sara Gundersen

Economics Faculty Publications

This contains the thirteenth in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 12 Small Businesses, Sara Gundersen

Economics Faculty Publications

This contains the twelfth in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 11 Winners, Sara Gundersen

Economics Faculty Publications

This contains the eleventh in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 14 Trade And Public Goods, Sara Gundersen

Economics Faculty Publications

This contains the fourteenth in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 13 Creative Industries, Sara Gundersen

Economics Faculty Publications

This contains the thirteenth in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 14 Trade And Public Goods, Sara Gundersen

Economics Faculty Publications

This contains the fourteenth in class handout from The Economics of COVID-19, which was taught in fall 2020.

Economics Of Covid-19 In Class Work 13 Creative Industries, Sara Gundersen

Economics Faculty Publications

This contains the thirteenth in class handout from The Economics of COVID-19, which was taught in fall 2020.

Quantitative Description Of The Pastoral Economy Of Western Tuvan Nomads, Paul L. Hooper

ESI Publications

Nomadic pastoralism persists at a substantial scale in Tuva and neighboring regions of Inner Asia. Tuvan pastoral lifeways reflect adaptations to both local environments and current economic realities. Much of our quantitative understanding of the economics of Tuvan nomads is derived from data collected in the first half of the 20th century. Accordingly, this paper provides an updated picture of the inner workings of nomadic households using data collected in Barun-Khemchik and Bai-Taiga provinces in 2013–2015. It analyzes herd composition and size, and compares the frequency of different animals kept today with values recorded in Tuva in 1916 and 1931. …

The Likelihood Of Regional Triggers Under The Industry’S Proposed “75% Rule”, Elliott James Dennis

Extension Farm and Ranch Management News

First two paragraphs:

Concern about packing concentration has led to numerous requests for USDA to investigate the potential connection between packet concentration and depressed cattle prices. These calls for investigations and concerns about meatpacking concentration and impact on cattle prices are not new. The most recent concern raised by cattle producers about packer concentration was due to depressed fed cattle prices post-Holcomb fire and COVID-19 pandemic resulted in a USDA report and pending DOJ investigation.

Some legislation has been enacted as a result of previous investigations; most notably the Packers and Stockyards Act in the early 1920s. The recently proposed …

Productivity Loss Associated With Functional Disability In A Contemporary Small-Scale Subsistence Population, Jonathan Stieglitz, Paul L. Hooper, Benjamin C. Trumble, Hillard Kaplan, Michael D. Gurven

ESI Publications

In comparative cross-species perspective, humans experience unique physical impairments with potentially large consequences. Quantifying the burden of impairment in subsistence populations is critical for understanding selection pressures underlying strategies that minimize risk of production deficits. We examine among forager-horticulturalists whether compromised bone strength (indicated by fracture and lower bone mineral density, BMD) is associated with subsistence task cessation. We also estimate the magnitude of productivity losses associated with compromised bone strength. Fracture is associated with cessation of hunting, tree chopping, and walking long distances, but not tool manufacture. Age-specific productivity losses from hunting cessation associated with fracture and lower BMD …

Deliberation Enhances The Confirmation Bias In Politics, David L. Dickinson

ESI Publications

The confirmation bias, unlike other decision biases, has been shown both empirically and in theory to be enhanced with deliberation. This suggests that limited attention, reduced deliberation, or limited available cognitive resources may moderate this bias. We aimed to test this hypothesis using a validated confirmation bias task in conjunction with a protocol that randomly assigned individuals to one week of at-home sleep restriction (SR) or well-rested (WR) sleep levels. We also used a measure of cognitive reflection as an additional proxy for deliberation in our analysis. We tested the hypotheses that the confirmation bias would be stronger for WR …

The Influence Of Foreign Elite Rhetoric: National Identity, Emotions, And Attitudes Toward Austerity, Alessandro Del Ponte

Political Science Faculty Articles and Research

How does foreign elite rhetoric affect citizens’ emotions and attitudes about austerity? In a survey experiment conducted on the online blogs of the two major Italian newspapers, participants read a fictional news article where the German Chancellor addressed Italians. Across treatments, I varied whether the message blamed or praised Italians, and whether the message focused on economic or symbolic concerns. Praise generated enthusiasm whereas blame spurred anger and anxiety. Moreover, respondents with a strong national or European identity who read a message of praise were more enthusiastic, less angry, and less opposed to austerity. Finally, people who identify strongly with …

Writing Tips For Economics Research Papers, Plamen Nikolov

Economics Faculty Scholarship

No abstract provided.

Speed Traps: Algorithmic Trader Performance Under Alternative Market Structures, Yan Peng, Jason Shachat, Lijia Wei, S. Sarah Zhang

ESI Working Papers

Using laboratory experiments, we illustrate that trading algorithms that prioritize low latency pose certain pitfalls in a variety of market structures and configurations. In hybrid double auctions markets with human traders and trading agents, we find superior performance of trading agents to human traders in balanced markets with the same number of human and Zero Intelligence Plus (ZIP) buyers and sellers only, thus providing a partial replication of Das et al. (2001). However, in unbalanced markets and extreme market structures, such as monopolies and duopolies, fast ZIP agents fall into a speed trap and both human participants and slow ZIP …

A Theory Of Cultural Revivals, Murat Iyigun, Jared Rubin, Avner Seror

ESI Working Papers

Why do some societies have political institutions that support productively inefficient outcomes? And why does the political power of elites vested in these outcomes often grow over time, even when they are unable to block more efficient modes of production? We propose an explanation centered on the interplay between political and cultural change. We build a model in which cultural values are transmitted inter-generationally. The cultural composition of society, in turn, determines public good provision as well as the future political power of elites from different cultural groups. We characterize the equilibrium of the model and provide sufficient conditions for …

Producer Services: An Engine For High-Wage Job Growth, Spencer Cook, Eric Thompson

Business in Nebraska

Producer services providers are firms that sell services primarily to the business community rather than to individuals and households. Many producer services businesses are classified in the professional, scientific, and technical service (PSTS) industry. Accounting firms, consultants, and computer design services are prominent examples of PSTS businesses that are worth studying for three reasons:

1. SUPPORT OF OTHER INDUSTRIES: PSTS industries supply the broader business community, making them a critical segment of the economy.

2. RAPID HIGH WAGE JOB GROWTH: Many PSTS industries are rapidly growing and pay high wages. The producer services sector, in fact, is the principal source …

Data For "An Experimental Investigation Of Health Insurance Policy And Behavior", J. Dustin Tracy, Hillard Kaplan, Kevin James, Stephen Rassenti

ESI Data Sets

We introduce a new experimental approach to measuring the effects of health insurance policy alternatives on behavior and health outcomes over the life course. Cash-motivated subjects are placed in a virtual environment where they earn income and allocate it across multi-period lives. We compare behavior across age, income and insurance plans---one priced according to an individual's expected cost and the other uniformly priced through employer-implemented cost sharing. We find that 1) subjects in the employer-implemented plan purchased insurance at higher rates; 2) the employer-based plan reduced differences due to income and age; 3) subjects in the actuarial plan engaged in …