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Pony Distress: Using Espn’S 30for30 Films To Teach Cartel Theory

Journal of Economics and Finance Education

This study provides a roadmap for economics instructors to use a graphical model along with various clips from ESPN’s critically-acclaimed 30FOR30 films series in order to complement classroom discussion of cartel theory, particularly the story of the National Collegiate Athletics Association as a cartel. The two films used here are Thaddeus D. Matula’s Pony Excess (2010) and Jonathan Hock’s The Best that Never Was (2010). Each chronicles the rampant rules-breaking, or cartel cheating, in college football during the 1970s and 1980s, culminating in the “Death Penalty” at SMU and the collapse of the Southwest Conference cartel.

Economic Design Of Acceptance Sampling Plans In A Two-Stage Supply Chain, Lie-Fern Hsu, Jia-Tzer Hsu

Publications and Research

Supply Chain Management, which is concerned with material and information flows between facilities and the final customers, has been considered the most popular operations strategy for improving organizational competitiveness nowadays. With the advanced development of computer technology, it is getting easier to derive an acceptance sampling plan satisfying both the producer’s and consumer’s quality and risk requirements. However, all the available QC tables and computer software determine the sampling plan on a noneconomic basis. In this paper, we design an economic model to determine the optimal sampling plan in a two-stage supply chain that minimizes the producer’s and the consumer’s …

Yankee Whaling In The Caribbean Basin: Its Impact In A Historical Context, Aldemaro Romero Jr.

Publications and Research

No abstract provided.

Montana Nonresident Traveler Expenditure Trends: 2000-2010, Kara Grau

Institute for Tourism and Recreation Research Publications

This report shows the nonresident traveler expenditure trends for visitors of Montana from 2000-2010. It also displays the total actual expenditures and the total inflation-adjusted expenditures.

Econometric Notes On Output And Capital, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2012, July 20). Handwritten notes titled Distance between market prices, POPs & direct prices. Unpublished manuscript.

• Shaikh, A. (n.d.). Handwritten notes titled Distance of random error. Unpublished manuscript.

• Shaikh, A. (2012, April 22). Generating market prices-value deviations [Paper with graphs]. Unpublished manuscript.

• Shaikh, A. (2011, January 3). Annotated version of Generating market prices-value deviations. Unpublished manuscript.

• Shaikh, A. (2011, January 11). Paper from the Mathcad file PRICEmktpricedev.xmcd exploring price deviations, including sections on price vectors, frozen and live graphs, and a scatter plot of market prices vs. price of production. Unpublished manuscript. …

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Argentinians Have Learned That An Active State Is Needed To Regulate Markets: Interview With Anwar Shaikh (Article In Spanish), Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Torino, Manuel. 2012. Los argentinos han aprendido que es necesario un estado activo que regule los mercados: Interview with Anwar Shaikh. El Cronista, Ortodoxos vs. Heterodoxos section. Buenos Aires: El Cronista.
• Simonde de Sismondi, J.-C.-L. 1991. New principles of political economy: Of wealth in its relation to population, translated by Richard Hyse, excerpt from second book, chapter five, "Division of the national income between different classes of citizens," with translator's notes by Richard Hyse. New Brunswick, New Jersey: Transaction Publishers.

Inequality In Health Care Utilization And Equity: A Cross-Country Comparision Of Low And Middle Income Countries, Satis Chandra Devkota

Wayne State University Dissertations

This dissertation identifies the sustainable policies that can reduce disparity in health care utilization, education and income from the low and middle income countries represented by Albania, Nepal, Tajikistan and Tanzania. Concentration indices are used to calculate the income related inequality in health care utilization and education, and Gini index is used to calculate the inequality in income. Likewise, horizontal inequity index is used to test whether the principle of equal treatment for equal need and equal schooling for equal need is maintained in all countries under study. Finally, a mechanism is proposed for the first time in the literature …

Essays On The Effects Of Oil Price Shocks And Monetary Shocks On Labor Reallocation, Mohamad Badih Karaki

Wayne State University Dissertations

The debate regarding the asymmetric effects associated with oil and monetary shocks on the economy has revived interest in analyzing the channels of transmission that generate asymmetries in the response of economic activity to these shocks. This dissertation examines the role of the allocative channel in the transmission mechanism of oil shocks and monetary shocks on economic activity. Using methods by Kilian and Vigfusson (2011b), we analyze the impact of oil and monetary shocks on job creation and job destruction in manufacturing industries.

We found that an unanticipated positive oil price shock triggers costly reallocation of labor across sectors and …

Price Dynamics And Spatial Market Structure For Three U.S. Southern Pine Timber Products, Dekuwmini Mornah

Electronic Theses and Dissertations

Evidence of price correlations or cointegrations in timber markets is often interpreted as indicative of the competitiveness and efficiency of these markets. This conclusion is based on the assumptions that firms price F.O.B. and F.O.B. pricing in spatial markets is expected to yield results analogous to the usual competitive results in spaceless markets (i.e., firms set price equal marginal cost plus transportation costs). Competitive arbitrage is the error correction mechanism assumed through which spatial markets are linked. This conclusion could be misleading. In the presence of significant intra-regional transportation costs between spatially dispersed markets, firms have an incentive to exploit …

Distressed Sales And Housing Prices: A Metro And Regional Analysis, Katherine Westbrook

Electronic Theses and Dissertations

Housing literature has consistently found a statistically significant, inverse relationship between foreclosures and housing prices. Such research has been primarily focused on specific, local markets. This thesis expands on the literature, featuring housing and macro data for 127 metropolitan areas. This thesis constructs hypotheses on the relationships between distressed sales and foreclosures in order to structure potential relationships between distressed sales and housing prices. Using dynamic panel models and time series analysis, this thesis finds both inverse and positive relationships between distressed sales and house prices. Additionally, this thesis finds that changes in distressed sales are only predictive of future …

India, An Asian Giant: A Compass For The Future, Norelene Pushpangadan

Theses

In the 65 years since India formalised its' independence from the British Empire the country has experienced an immense metamorphosis in all aspects of its economy. This current study is an analysis of what the possible future economic prospects are for India. As part of the research process, the researcher delved into the history of the economy, since its independence from British colonial power, to modern day focusing on particular aspects of the economy which were relevant to fulfilling the research question of; where does the economic future lie for India?

The current global economic crisis has in part been …

Too Many Cooks Spoil The Broth: How The Tragedy Of The Anticommons Emerges In Organizations, Matthew W. Mccarter, Shirli Kopelman, Thomas A. Turk, Candace Ybarra

ESI Working Papers

In organizations, conflict often revolves around commons resources because they are critical for influence, performance, and organizational survival. Research on property rights, territoriality, and social dilemmas suggests that to reduce such conflict, organizations should facilitate the (psychological) privatization of commons resources. We complement these three literatures by drawing from the legal, organizational, and social psychology literatures to model how psychologically privatizing organizational commons resources – to prevent a tragedy of the commons (an overuse problem) – can lead to the emergence of equivalently problematic tragedy in organizations: the tragedy of the anticommons (an underuse problem). Our model contributes to these …

Complexity, Innovation, And The Regulation Of Modern Financial Markets, Dan Awrey

Cornell Law Faculty Publications

The intellectual origins of the global financial crisis (GFC) can be traced back to blind spots emanating from within conventional financial theory. These blind spots are distorted reflections of the perfect market assumptions underpinning the canonical theories of financial economics: modern portfolio theory, the Modigliani and Miller capital structure irrelevancy principle, the capital asset pricing model and, perhaps most importantly, the efficient market hypothesis. In the decades leading up to the GFC, these assumptions were transformed from empirically (con)testable propositions into the central articles of faith of the ideology of modern finance: the foundations of a widely held belief in …

Securing Access To Lower-Cost Talent Globally: The Dynamics Of Active Embedding And Field Structuration, Stephan Manning, Joerg Sydow, Arnold Windeler

Management and Marketing Faculty Publication Series

This article examines how multinational corporations (MNCs) shape institutional conditions in emerging economies to secure access to high-skilled, yet lower-cost science and engineering talent. Based on two in-depth case studies of engineering offshoring projects of German automotive suppliers in Romania and China we analyze how MNCs engage in ‘active embedding’ by aligning local institutional conditions with global offshoring strategies and operational needs. MNCs thereby contribute to the structuration of field relations and practices of sourcing knowledge-intensive work from globally dispersed locations.Our findings stress the importance of institutional processes across geographic boundaries that regulate and get shaped by MNC activities.

National Contexts Matter: The Co-Evolution Of Sustainability Standards In Global Value Chains, Stephan Manning, Frank Boons, Oliver Von Hagen, Juliane Reinecke

Management and Marketing Faculty Publication Series

In this paper, we investigate the role of key industry and other stakeholders and their embeddedness in particular national contexts in driving the proliferation and co-evolution of sustainability standards, based on the case of the global coffee industry. We find that institutional conditions and market opportunity structures in consuming countries have been important sources of standards variation, for example in the cases of Fairtrade, UTZ Certified and the Common Code for the Coffee Community (4C). In turn, supplier structures in producing countries as well as their linkages with traders and buyers targeting particular consuming countries have been key mechanisms of …

Substituting The End For The Whole: Why Voters Respond Primarily To The Election-Year Economy, Andrew Healy, Gabriel S. Lenz

Economics Faculty Works

According to numerous studies, the election-year economy influences presidential election results far more than cumulative growth throughout the term. Here we describe a series of surveys and experiments that point to an intriguing explanation for voter behavior that runs contrary to the standard explanations political science has offered, but one that accords with a large psychological literature. Voters, we find, actually intend to judge presidents on cumulative growth. However, since that characteristic is not readily available to them, voters inadvertently substitute election-year performance because it is more easily accessible. This “end-heuristic” explanation for voters’ election-year emphasis reflects a general tendency …

Industry Contagion In Loan Spreads, Michael G. Hertzel, Micah S. Officer

Finance Faculty Works

Spreads on new and renegotiated corporate loans are significantly higher when the loan originates (or is renegotiated) in the two years surrounding bankruptcy filings by industry rivals. This industry-specific contagion is particularly severe in the middle of industry bankruptcy waves. Furthermore, this contagion in loan spreads is mitigated in concentrated industries, consistent with the hypothesis and evidence in Lang and Stulz (1992) that bankruptcy filings in concentrated industries can have positive consequences for rivals (increased market share and/or power). There is also some evidence that contagion affects non-spread terms in loan contracts.

The Health And Wealth Of A Nation: Employer-Based Health Insurance And The Affordable Care Act, Nan L. Maxwell

Upjohn Press

This research examines the behaviors of firms with respect to their provision of health care prior to the Affordable Care Act (ACA) deliberations and uses those behaviors to assess changes in employer-sponsored health insurance that might occur once the ACA is fully implemented.

Voter Ideology, Tax Exporting, And State And Local Tax Structure, John M. Foster

Theses and Dissertations--Public Policy and Administration

State and local governments play an important role in financing and delivering public services in the United States. In 2008, state and local governments collected 57 percent of total federal, state, and local revenue (Urban Institute and Brookings Institution, Tax Policy Center, 2009). The decentralization of fiscal responsibility has enabled a high degree of variation in state and local tax structures to emerge. This dissertation presents two empirical studies that extend the positive literature on state and local tax policy.

The extant literature contains evidence of a direct relationship between voter ideology and state and local tax progressivity. However, the …

Analysis Of Discrete Choice Probit Models With Structured Correlation Matrices, Bhaskara Ravi

Mathematics & Statistics Theses & Dissertations

Discrete choice models are very popular in Economics and the conditional logit model is the most widely used model to analyze consumer choice behavior, which was introduced in a seminal paper by McFadden (1974). This model is based on the assumption that the unobserved factors, which determine the consumer choices, are independent and follow a Gumbel distribution, widely known as the Independence of irrelevant Alternatives (IIA) assumption. Alternate models that relax IIA assumption are the Generalized Extreme Value (GEV) models, which allow dependency between unobserved factors. However, GEV models do not incorporate all dependency patterns, other choice behaviors such as …