Economics Commons^™

Worker Signals Among New College Graduates: The Role Of Selectivity And Gpa, Brad J. Hershbein

Upjohn Institute Working Papers

Recent studies have found a large earnings premium to attending a more selective college, but the mechanisms underlying this premium have received little attention and remain unclear. In order to shed light on this question, I develop a multidimensional signaling model relying on college grades and selectivity that rationalizes students’ choices of effort and firms’ wage-setting behavior. The model is then used to produce predictions of how the interaction of the signals should be related to wages, namely that the return on college GPA should fall the more selective the institution attended. Using five data sets that span the early …

Examining The Relationship Between Environmental Policy And Economic Competitiveness In The United States And The European Union, Scott A. Trail

Masters Theses

In sum, when considering the findings of all three chapters of this thesis cumulatively, several implications are worth noting in regards to the relationship between environmental policy and economic competitiveness. First, the notion that adopting stringent environmental standards will impede on a state's ability to remain economically competitive was shown to be the exception, rather than the rule in all of the cases surveyed in this thesis. Moreover, the cumulative research throughout this thesis has shown the depth of complexity that exists between environmental and economic policy networks. Each chapter illustrated how the general relationship between government and private interests …

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 …

Creating Knowledge, Volume 6, 2013

Creating Knowledge

It is my great pleasure to introduce the sixth volume of the College of Liberal Arts and Social Sciences’ “Creating Knowledge,” our undergraduate student scholarship and research journal. First published in 2008, the journal is the outcome of an initiative to enhance and enrich the academic quality of the student experience within the college. Through this publication, the college seeks to encourage students to become actively engaged in creating scholarship and research and gives them a venue for the publication of their essays.

This sixth volume is, however, unlike the previous ones in one major respect: the papers in this …

The Minimum Wage, Decent Wages, And Time Sovereignty In The European Union, Kathleen A. Ragon

Student Publications

The minimum wage is a legally mandated relationship between money and time. Traditionally, studies of the minimum wage have focused on the money side of this relationship (e.g. how much do minimum wage workers earn) while ignoring its temporal aspects (e.g. how long someone has to work to receive a particular income). This is a significant oversight because it overlooks the temporal investments that minimum wage workers must make in order to achieve a specific sum of money (e.g. there is a significant temporal difference if a minimum wage worker can achieve an income above a poverty threshold by working …

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.

Do Prediction Markets Aid Defenders In A Weak‐Link Contest?, Cary Deck, Li Hao, David Porter

ESI Working Papers

Laboratory experiments have demonstrated that prediction market prices weakly aggregate the disparate information of the traders about states (moves) of nature. However, in many practical applications one might want to predict the move of a strategic participant. This is particularly important in aggressor‐defender contests. This paper reports a set of such experiments where the defender may have the advantage of observing a prediction market on the aggressor’s action. The results of the experiments indicate that: the use of prediction markets does not increase the defender’s win rate; prediction markets contain reliable information regarding aggressors’ decisions, namely excess bid information, that …

Prediction Markets In The Laboratory, Cary Deck, David Porter

ESI Working Papers

"The idea that there is wisdom from the collective has been forcefully described in “The Wisdom of the Crowds” by James Surowiecki, who argues that the aggregation of information in groups results in better decisions than those that are afforded by any single member of the group. Markets, like opinion polls, are one mechanism for aggregating disparate pieces of information. The aggregation properties of prices were first noted by Hayek (1945) and were formally examined by Muth (1961). In particular, Hayek argues that market prices serve the purpose of sharing and coordinating local and personal knowledge, while Muth shows that …

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 …

Eco 104 Historical Foundations (Lecture Iii & Iv), Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes.

• Anwar Shaikh. (2013, Fall). Historical foundations of political economy I: GECO 5104 (course schedule and syllabus) [Unpublished course syllabus]. Author.

• Shaikh, A. (2001, September 5; updated 2005). Lecture I: Introduction to economic theories of capitalism (Why study the classics?) [Unpublished lecture notes]. Author.

• Shaikh, A. (2011, Fall). Historical foundations of political economy I: GECO 5104 (course syllabus and reading list) [Unpublished course syllabus]. Author.

• Shaikh, A. (2005, August 3; updated 2008, September 2). Figure 1.20a: GDP per capita, richest 4 and poorest 4 countries; and figure 1.21: Ratio of the GDP per capita …

کھل کے تجارت ہونے دو, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

The article discusses the prospects and challenges of opening up trade between Pakistan and India, noting that despite proximity and large market potential, both countries have not benefited fully from bilateral trade due to restrictive lists and non-tariff barriers.

Political Economy Of Vietnam: Market Reform, Growth, And The State, Joshua M. Steinfeld, Khi V. Thai

School of Public Service Faculty Publications

No abstract provided.

Front Matter: The State Of The Region Hampton Roads 2013, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Cover, front matter, table of contents, and other materials for the 2013 The State of the Region report authored by the Regional Studies Institute at Old Dominion University

Part 7: Mental Health Care In Hampton Roads: "Streeting," Guns And Budgets, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Virginia no longer institutionalizes many mentally ill individuals, but mental health budgets are insufficient to meet demands. The Commonwealth’s rather lax gun laws limit our ability to keep guns out of the hands of dangerously mentally ill people.

Part 8: Ok, Now What Should We Do? Is It Richard Florida's "Creative Classes" Or Instead "Back To Basics" That Should Guide Our Future Regional Economic Growth?, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Richard Florida’s “creative class” theory of why cities and regions grow is popular, but does not explain the world as well as traditional theories that focus on human capital and technology. This chapter recommends specific policies for our region that are more likely than Florida’s to stimulate economic growth and critiques several hot, current policy issues.

Part 2: Our Housing Market Turns The Corner, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

At long last, residential home sales and prices are up, while unsold housing inventory and foreclosures are down.

Part 3: Coal: A Very Important Economic Engine In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

More coal is exported from Hampton Roads than any other port in the United States. The annual economic impact of this coal activity on our region approaches $1 billion.

Part 6: Virtual Education At The K-12 Level In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

Online education in our region is growing rapidly in a laissez-faire manner that exhibits little accountability.

Part 5: Asian Indians In Hampton Roads, Regional Studies Institute, Old Dominion University

State of the Region Reports: Hampton Roads

This “model” minority group in our region has attained significant economic success and civic influence.

Does Human Genetic Diversity Affect Net Productivity?, Breyon Jontae Williams

Theses and Dissertations

Quamrul Ashraf and Oded Galors' (2013) study, "The `Out of Africa' Hypothesis, Human Genetic Diversity, and Comparative Economic Development", seeks to explain cross-country variations in economic development, particularly per capita income, through variations in human genetic diversity. Their analysis depends on two fundamental assumptions; genetic diversity's positive effect upon technological productivity and its negative effect upon social capital. This study tests the validity of the results presented by Ashraf and Galor. Specifically, this study seeks to test whether or not the hump-shape relationship observed between income per capita and predicted genetic diversity is validated. Our empirical work supports their findings.