Why Did Universities Precede Primary Schools? A Political Economy Model Of Educational Change,
2012
Singapore Management University
Why Did Universities Precede Primary Schools? A Political Economy Model Of Educational Change, Fali Huang
Research Collection School Of Economics
Universities were first established in Europe around the twelfth century, although primary schools did not appear until the nineteenth. This paper accounts for this phenomenon using a political economy model of educational change on who are educated (the elite or the masses) and what is taught (general or specific/vocational education). A key assumption is that general education is more effective than specific education in enhancing one's skills in a broad range of tasks, including political rent-seeking. Its findings suggest that specific education for the masses is compatible with the elite rule, whereas mass general education is not, which refines the …
Finding Dynamic Treatment Effects Under Anticipation: Spanking Effects On Behavior,
2012
Singapore Management University
Finding Dynamic Treatment Effects Under Anticipation: Spanking Effects On Behavior, Myoung-Jae Lee, Fali Huang
Research Collection School Of Economics
The dynamic treatment effect literature considers multiple treatments administered over time, with some treatments affected by interim outcomes. But the literature overlooks the possibility of individuals acting in anticipation of future treatments. This lack of anticipation aspect may not matter in the drug–response relationships which motivated the literature. But human beings (or animals with some intelligence) do not just respond to current and past treatments, but also ‘reflect and anticipate’ future treatments. For example, a punishment or reward is likely to prompt forward looking. Even if no personal punishment or reward is involved, people may take action in anticipation of …
Conflict With Quitting Rights: A Mechanism Design Approach,
2012
Singapore Management University
Conflict With Quitting Rights: A Mechanism Design Approach, Madhav S. Aney
Research Collection School Of Economics
Why do agents engage in costly dispute resolution such as litigation and arbitration when costless settlement is available? I present a model with one sided asymmetric information where the payoff from litigation for both agents depends on the beliefs of the uninformed agent. Taking these payoffs as their outside options, agents negotiate over the allocation of an indivisible object that is in dispute and transfers. It is shown that it is impossible to implement an allocation that satisfies budget balance that guarantees the agents their payoff from conflict when agents can quit negotiations unilaterally at any stage.
Semiparametric Gmm Estimation Of Spatial Autoregressive Models,
2012
Singapore Management University
Semiparametric Gmm Estimation Of Spatial Autoregressive Models, Liangjun Su
Research Collection School Of Economics
We propose semiparametric GMM estimation of semiparametric spatial autoregressive (SAR) models under weak moment conditions. In comparison with the quasi-maximum-likelihood-based semiparametric estimator of Su and Jin (2010), we allow for both heteroscedasticity and spatial dependence in the error terms. We derive the limiting distributions of our estimators for both the parametric and nonparametric components in the model and demonstrate the estimator of the parametric component has the usual -asymptotics. When the error term also follows an SAR process, we propose an estimator for the parameter in the SAR error process and derive the joint asymptotic distribution for both spatial parameters. …
Montana Nonresident Traveler Expenditure Profiles: Quarter 1, 2010,
2012
The University of Montana-Missoula
Montana Nonresident Traveler Expenditure Profiles: Quarter 1, 2010, Kara Grau
Institute for Tourism and Recreation Research Publications
This report examines spending profiles of nonresident travelers to Montana. It displays the average daily expenditures by purpose of trip for different spending categories during the first quarter of 2010.
Recession Proof Pills: An Examination Of The Relationship Between Recession Economics And Pharmaceutical Expenditures,
2012
Providence College
Recession Proof Pills: An Examination Of The Relationship Between Recession Economics And Pharmaceutical Expenditures, Kevin Gray
Annual Undergraduate Conference on Health and Society
The first decade of the 21st century proved to be a time of turbulence and volatility in the worldwide economy. Oddly enough, even as Americans’ disposable income decreased, spending on health care steadily increased. Americans spent $249.9 billion on prescription drugs in 2009, contrasted against $120.9 billion in 2000—a 105% increase.1 We may question the overall ramifications of such increases in pharmaceutical sales and the correlation to other economic factors. That is, how was the pharmaceutical sector able to boast gains when the housing market collapsed? One answer is that people place a priority on their health, even with limited …
How Professional Service Firms Internationalise: Resource Commitments And Competencies For Internationalisation,
2012
Technological University Dublin
How Professional Service Firms Internationalise: Resource Commitments And Competencies For Internationalisation, Deirdre Mcquillan, Pamela Sharkey Scott, Vincent Mangematin
Conference papers
Departing from traditional economic and behavioural approaches, this study adopts a resource based lens to examine an area exhibiting exceptional growth, the internationalisation of professional service firms (PSFs). An in-depth qualitative study of the internationalisation process of five architectural firms expanding to multiple international markets was conducted. The paper’s main contribution is the identification of the interplay between PSF competencies and the firm’s approach to internationalisation. We reveal how these PSFs can be classified along a continuum ranging from artistic to engineering orientation depending on the firm’s relative emphasis on technical or management competencies when internationalising. Implications for PSFs when …
Negotiating Within A Shared Governance Format,
2012
Niagara University
Negotiating Within A Shared Governance Format, Suzanne C. Wagner, C. Henrik Borgstrom
Journal of Collective Bargaining in the Academy
The act of unionization creates a sense of unity among faculty, however, it also creates an adversarial relationship with administration. Although both the administration and the faculty believe they have the university’s best interests in mind, contract negotiations are typically contentious and divisive. A unique process for negotiations is presented illustrating how working within a shared governance format can enable faculty and administration to work together in preparation, research and analysis, problem solving and mutual gains bargaining that results in success for both parties and, ultimately, the university.
Examining The Decline In Bargaining Power In Faculty Labor Unions In The United States: The Effects Of Reduced Monopoly Power In Providing Public Higher Education,
2012
Clarion University of Pennsylvania
Examining The Decline In Bargaining Power In Faculty Labor Unions In The United States: The Effects Of Reduced Monopoly Power In Providing Public Higher Education, Lynn A. Smith, Robert S. Balough
Journal of Collective Bargaining in the Academy
This study examines the decline in the economic power of faculty labor unions in public higher education in the United States in recent years. The authors assume the labor union is a utility maximizing entity and that income accrues to the “union family.” The union family attempts to maximize this income. By analyzing collective bargaining agreements and hiring practices between the Association of Pennsylvania State College and University Faculties and the Pennsylvania State System of Higher Education, the authors construct bargaining indices. Because this study is focused on the change in bargaining power of labor unions in public higher education …
Collective Bargaining In United Kingdom Higher Education,
2012
Universities and Colleges Employers Association
Collective Bargaining In United Kingdom Higher Education, Helen Fairfoul, Laurence Hopkins, Geoff White
Journal of Collective Bargaining in the Academy
This article provides an overview of the collective bargaining system in United Kingdom (UK) higher education and considers some of the current challenges. The arrangements for determining the pay of staff in UK higher education reflect both the historical context of the UK funding system and the unique nature of UK industrial relations law. From World War II, the funding of UK higher education has predominantly come from central government spending with a strong central framework of policy and governance. Since the 1960s, the higher education sector has grown dramatically, both in terms of student numbers and the number of …
Why We Don't Need To Worry About Inflation,
2012
College of Saint Benedict/Saint John's University
Why We Don't Need To Worry About Inflation, Louis D. Johnston
Economics Faculty Publications
No abstract provided.
Labor Force Participation In Mississippi And Other Southern States: Final Report,
2012
W.E. Upjohn Institute for Employment Research
Labor Force Participation In Mississippi And Other Southern States: Final Report, Marta Lachowska, Stephen A. Woodbury
Upjohn Institute Technical Reports
Labor force participation is a key social indicator because the economic performance of a state and the well-being of its residents are closely tied to labor force outcomes. Together, the labor force participation rate (LFPR) and the unemployment rate are of paramount concern to state governments because living standards and consumption are so closely tied to work and earnings from employment. Mississippi has historically had one of the lowest LFPRs in the United States.
The purpose of this report is threefold:
• to describe the LFPR gap between Mississippi and other Southern states during the last 35 years
• to …
Labor Force Participation In Mississippi And Other Southern States: Summary Report,
2012
W.E. Upjohn Institute for Employment Research
Labor Force Participation In Mississippi And Other Southern States: Summary Report, Marta Lachowska, Stephen A. Woodbury
Upjohn Institute Technical Reports
Labor force participation is a key social indicator because the economic performance of a state and the well-being of its residents are closely tied to labor force outcomes. Together, the labor force participation rate (LFPR) and the unemployment rate are of paramount concern to state governments because work and earnings from employment are central determinants of living standards.
Business, Society, Science, And Technology,
2012
Institute of Business Administration
Business, Society, Science, And Technology, Ishrat Husain Dr.
Faculty Research - Talks, Speeches, & Discourse
I would first like to sketch before you the major global trends which would be affecting Pakistan in the future. This will provide the context in which the businesses have to make decisions. There are at least five broad trends which are highly relevant. First, the economic power balance is shifting from the U.S., Europe and Japan to Asian countries. The crises of 2007-08 did not fully debunk the myth of decoupling between the advanced and emerging economies as the spillover and contagion effects were quite destabilizing. The speed, intensity and spread of financial and then real economy crisis were …
Choice, Management, & Modification: Situational Context In Risky Choice,
2012
University of South Florida
Choice, Management, & Modification: Situational Context In Risky Choice, Nathaniel K. Decker
USF Tampa Graduate Theses and Dissertations
We sought to examine the potential differences between different types of risky decisions. While some decisions are easily represented as choices between future alternatives, other decisions may be better represented as the management of a personally owned situation. Schneider (2003) created the risk management task, which manifested these situated improvement decisions, and identified a unique pattern of risk preferences when compared to the standard gambling paradigm. To determine what cognitive processes might be differentially activated for each type of decisions so as to yield these risk preference differences, we incrementally manipulated the gambling paradigm to parse potentially influential elements of …
The U.S. Tax System: Where Do We Go From Here?,
2012
Brookings Mountain West
The U.S. Tax System: Where Do We Go From Here?, Adele C. Morris
Brookings Scholar Lecture Series
This talk will explore how the U.S. tax system really works, where revenue comes from, where spending goes, what a tax expenditure is, and discuss deficit prognoses and how the recent political debates could affect our economy. The speaker will highlight some advantages and disadvantages of different budget balancing options.
2011 Corn Pest Risk Survey Results,
2012
South Dakota State University
2011 Corn Pest Risk Survey Results, Scott Fausti, Jonathan Lundgren, Emmanuel Opoku
Economics Commentator (1972- 2016)
No abstract provided.
The National Hockey League: An Econometric Analysis Of Attendance,
2012
Western Michigan University
The National Hockey League: An Econometric Analysis Of Attendance, Kendrick A. Hotte
Honors Theses
The National Hockey League (NHL) and professional sports as a whole are interesting to study when econometric models are applied. First, a thorough examination of current literature concerning both professional sports and econometrics will be reviewed. In addition, a full description of the data and its accompanying sources are discussed. Then, through the use of an ordinary least squares (OLS) regression and hypothesis testing, the role of attendance throughout the NHL as a function of win percentage is empirically tested. Using a demand equation for the attendance of hockey games over the past 15 years, this paper will focus on …
Flawed Privatisation Approach,
2012
Institute of Business Administration (IBA)
Flawed Privatisation Approach, Ishrat Husain Dr.
Faculty Research - Newspaper and Magazine Articles
There has been a hiatus in the privatisation of state-owned enterprises for the last five years. Recently, the Privatisation Commission has announced a capital market transaction roadmap. Under this programme, sales of public shares will take place through initial public offerings (IPOs), secondary public offerings (SPO), global depositary receipts (GDR) and follow on public offering (FoPo). The main objective is to raise funds for meeting fiscal deficit and mobilise foreign exchange to fill in the widening gap in the balance of payments. Will these transactions achieve the stated objective? The companies for which local markets will be accessed are PPL, …
Demand For Money And Exchange Rate: Evidence For Wealth Effect In India,
2012
Pondicherry University, India
Demand For Money And Exchange Rate: Evidence For Wealth Effect In India, Sahadudheen I
Undergraduate Economic Review
External factors such as variations in exchange rates should, to some extent, affect the composition of optimal money holdings. It was Robert Mundell who proposed the idea that demand for money could depend on the exchange rate in addition to the income and interest rate. Changes in exchange rate may have two effects on the demand for domestic currency, wealth effect and currency substitution effect. The main objective of the paper is to examine the effects of exchange rate on domestic demand for money in India covering the period of 1998Q1 to 2009Q4. The statistical and time series properties of …
