Economics Commons^™

Spatiotemporal Analysis Of Prior Appropriations Water Calls, Levan Elbakidze, Xiaozhe Shen, Garth Taylor, Sian Mooney

Economics Faculty Publications and Presentations

A spatiotemporal model is developed to examine prior appropriations–based water curtailment in Idaho’s Snake River Plain Aquifer. Using a 100 year horizon, prior appropriations–based curtailment supplemented with optimized water use reductions is shown to produce a spatial distribution of water use reductions that differs from that produced by regulatory curtailment based strictly on initial water right assignments. Discounted profits over 100 years of crop production are up to 7% higher when allocation is optimized. Total pumping over 100 years is 0.3%, 3%, and 40% higher under 1, 10, and 100 year prior appropriations–based regulatory curtailment, respectively.

An Analysis Of Risk-Taking Behavior For Public Defined Benefit Pension Plans, Nancy Mohan, Ting Zhang

Upjohn Institute Working Papers

This paper investigates the determinants of public pension plan risk-taking behavior using the percentage of total plan assets invested in the equity markets and the pension asset beta as measures of investment risk. We find that government accounting standards strongly affect public fund investment risk, as higher return assumptions (used to discount pension liabilities) are associated with higher equity allocation and beta. Unlike private pension plans, public funds undertake more risk if they are underfunded and have lower investment returns in the previous years, consistent with the risk transfer hypothesis. Furthermore, pension funds in states facing financial constraints allocate more …

Pakistan: A Tumultuous Economy And Divided Politics, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

Pakistan’s economy remained sluggish in 2011 due to domestic political instability, energy shortages, deteriorating Pakistan-US relations, global climate change and internal security concerns.

For the fourth year in a row, GDP growth in 2011-12 will fall below its long-term growth rate. Per capita income will increase by around 2 per cent, in sharp contrast to the 5 per cent annual growth experienced during the 2002-07 period. The investment rate dropped to 13.4 per cent — its lowest level in the last four decades. Fiscal imbalances arising out of subsidies to loss-making public enterprises, low tax-mobilisation efforts, inefficiency and waste in …

The Ecological And Civil Mainsprings Of Property: An Experimental Economic History Of Whalers’ Rules Of Capture, Bart J. Wilson, Taylor Jaworski, Karl E. Schurter, Andrew Smyth

Economics Faculty Research and Publications

This article uses a laboratory experiment to probe the proposition that property emerges anarchically out of social custom. We test the hypothesis that whalers in the 18th and 19th centuries developed rules of conduct that minimized the sum of the transaction and production costs of capturing their prey, the primary implication being that different ecological conditions led to different rules of capture. Ceteris paribus, we find that simply imposing two different types of prey is insufficient to observe two different rules of capture. Another factor is essential, namely, as Samuel Pufendorf theorized over 300 years ago, that the members of …

Industry And Labor Characteristics And Projections: The Beam And Wia Regions, Christopher R. Bollinger, Kenneth R. Troske

CBER Research Report

Executive Summary:

The Bluegrass Economic Advancement Movement region encompasses the Louisville and Lexington MSAs and the corridor between them. It is an area with much of the manufacturing, medical and transportation & warehousing industries of Kentucky contained within. Over 36% of the population and 38% of the Kentucky labor force live and work in this region. This report analyzes the labor market structure within the region. We also examine the labor market structure in five Workforce Investment Act Regions: Bluegrass, Lake Cumberland, Lincoln Trail, Kentuckiana Works, and Indiana Region 10. We examine employment at the industry and occupation level and …

The Way Out, Ishrat Husain Dr.

Faculty Research - Newspaper and Magazine Articles

There is a great deal of fear and apprehension that loose economic policies and an intensified patron-client based resource allocation would put the economy at risk in 2012. To avoid this risk, it is imperative that alternative solutions should be presented that not just stop the economic rot, but also make the ruling parties look better in the eyes of the electorate. Sifting through a large number of policy measures and screening them against the criteria of economic viability and political feasibility, the following nine priorities have been identified and recommended for serious consideration and implementation.

Customer Research Helps In Applying Crm For Surviving In Recession, Syeda Rakhshanda Mustafa

Business Review

The purpose of this research paper is to come up with ideas on the, how Customer Relationship Management (CRM) can be used in the most effective and productive manner in order to save companies and minimize the effects of recession. The researcher has tried to focus on those strategies that are best to overcome recession and companies could adopt them in order to overcome downfall and decline in profits. This paper also explores the idea that how helpful is CRM to recover at that time. This research paper is of considerable importance as the world is experiencing global recession and …

Consumer's Willingness To Pay For Locally Produced Ground Beef: A Case Study, Kuo-Liang Chang, Keith Underwood, George Langelett, Pei Xu

Economics Commentator (1972- 2016)

No abstract provided.

A Household-Level Decomposition Of The White-Black Homeownership Gap, Eric Fesselmeyer, Kien T. Le, Kiat Ying Seah

Research Collection College of Integrative Studies

This paper uses a semiparametric homeownership model to estimate and to decompose the household-level white-black homeownership gap into an endowment component and a residual component across the distribution of homeownership rates. We find that the racial gap differs across homeownership rates and that studies that examine the gap only at the mean may be misleading. We also find that although household characteristics explain the homeownership gap for most households, there is a substantial portion of the gap that remains unexplained for households with a very low propensity to own homes. A comparison of the estimates from the semiparametric model and …

A Contract For The Advance Sale Of Wine, Scott Gallimore

Archaeology and Heritage Studies Faculty Publications

Edition of a sale of wine in advance from Byzantine Egypt (P.Vindob. inv. G 40267). Notable features include the guarantee clause and the supply of jars by the seller, both of which are put in a wider context.

Washington Park Main Street Plan, Benjamin Bergenholtz, Derek Dandurand, Valerie Fram, Tracy Jonsson, Kimberly Lindner, Carolyn Reid, D.J. Sevigny, Alexandra Skerry, Timothy Guimond, Brooke Kourafas, Elise Murphy, Matt Berry, Erik Butler, Kayla Nerone, Arnold Robinson, Jeremy Wells, Julie Coon, Joel Cooper

Historic Preservation

There is an immense variety of privately owned businesses. They will be stakeholders because their businesses are located there, but they will also be assets in themselves in drawing people to the area. There is basically everything anyone could possible want or need in this area. There are two gas stations, a Family Dollar, a liquor store, a few sit down restaurants, numerous places where one can get a quick bite to eat, a frame shop, a clothing store, a pawn shop, a store with fresh produce (which is hard to find in urban areas), a store that sells sports …

Child Food Security And The Food Stamp Program: What A Difference A Month Makes, Yiran Li, Bradford Mills, George Davis, Elton Mykerezi

University of Kentucky Center for Poverty Research Discussion Paper Series

Most Americans believe that children should not have either persistent concerns about the quality and quantity of food to eat or lack of actual access to food due to low household resources. However, in 2007, approximately 3.3 million households (8.3 percent of households with children) had food insecure children who did not have consistent access to adequate and safe foods (Nord and Golla, 2009). This implies less than complete coverage of children by the food-assistance safety net.

The United States’s Supplemental Nutrition Assistance Program (SNAP), historically and commonly known as the Food Stamp Program (FSP), is a federal-assistance program designed …

Low Income Preschoolers' Non-Parental Care Experiences And Household Food Insecurity, Colleen Heflin, Irma Arteaga, Sara Gable

University of Kentucky Center for Poverty Research Discussion Paper Series

Rates of food insecurity in households with children have significantly increased over the past decade. The majority of children, including those at risk for food insecurity, participate in some form of non-parental child care during the preschool years. To evaluate the relationship between the two phenomenon, this study investigates the effects of child care arrangements on food insecurity in households with children. To address the selection bias problem that arises from the fact that enrollment in different types of child care is not a random process, this study uses propensity scores techniques. The authors compare outcomes across five child care …

A Monte Carlo Study Of Ranked Efficiency Estimates From Frontier Models, William C. Horrace, Seth Richards-Shubik

Economics - All Scholarship

Parametric stochastic frontier models yield firm-level conditional distributions of inefficiency that are truncated normal. Given these distributions, how should one assess and rank firm-level efficiency? This study compares the techniques of estimating (a) the conditional mean of inefficiency and (b) probabilities that firms are most or least efficient. Monte Carlo experiments suggest that the efficiency probabilities are easier to estimate (less noisy) in terms of mean absolute percent error when inefficiency has large variation across firms. Along the way we tackle some interesting problems associated with simulating and assessing estimator performance in the stochastic frontier model.

Ce Winter 2012, Coyote Economist

Coyote Economist

Inside this Issue:

Staying Informed ....................3

Tentative 2012-13 Schedule ...3

Omicron Delta Epsilon ..........4

Tentative Schedule ..................4

The Embeddedness Of Responsible Business Practice: National Institutional Environments And Corporate Social Responsibility, Luc Fransen

Transnational Business Governance Interactions Working Papers

Academic literature recognizes that firms in different countries deal with Corporate Social Responsibility (CSR) in different ways. Because of this, analysts presume that variations in national institutional arrangements affect CSR practices. Literature however lacks specificity in determining, first, what parts of national political economic configurations actually affect CSR practices; second, the precise aspects of CSR affected by national-institutional variables; third, how casual mechanisms between national institutional framework variables and aspects of CSR practices work. Because of this the literature is not able to address to what extent CSR practices are affected by either global or national policies, discourses and economic …

Unbundling The Regime Complex: The Effects Of Private Authority, Graeme Auld, Jessica F. Green

Transnational Business Governance Interactions Working Papers

There is a commonly held view that forms of private regulation and governance arise when intergovernmental cooperation fails. While we do not dispute that this is sometimes the case, this paper focuses on the longer-term effects of private authority—namely, the ways that public and private authority interact over time. We argue that a more complete understanding of regime complexity must include private authority, which we define as situations in which non-state actors make rules or set standards that other actors in world politics adopt, and its interactions with public authority. Interactions among public and private actors occur in two ways—one …

The Staffing Of Presidential Assistants: Their Effect On Presidential Success In The House Of Representatives, Nicholas R. Jesteadt

Gettysburg Economic Review

This paper examines the Congressional success of United States Presidents based on the reported Congressional Quarterly Presidential Box Scores. Their individual success is examined as an effect of the senior staff member a President chooses and whether they are chosen from the campaign, personal experience, or previous administrations. It is important for a President to consider the origins of these staffers as these Assistants to the President act as the body of the President’s administration. The econometric analysis presented reveals several interesting results. First, the predominance of a President to choose staff members from his campaign shows no significant impact …

Front Matter

Gettysburg Economic Review

No abstract provided.

Environmental Justice: Where Are The Fracking Sites?, Elizabeth Adams

Gettysburg Economic Review

This paper looks at the variables that determine the location of hydraulic fracturing wells. Using cross-sectional data on Texas counties, we test whether county income level and the percentage of the population that is minority are significant indicators of well location. This study mirrors other studies that focus on the location of undesirable land uses such as landfills. Our study finds that income level and the size of the minority population are not statistically significant indicators of hydraulic fracturing well location.