Political Economy Commons^™

Take Me Out Of The Ball Game: The Efficacy Of Public Subsidies In The Success Of Professional Sports Stadiums, Jonah Chodosh

CMC Senior Theses

This paper weights the relative advantages of multiple factors that lead to the success of professional sports stadiums in major markets, though a discussion of the arguments for and against public subsidies towards these projects. Using a logit statistical model, the paper determines that the two factors determining the highest likelihood of venue success include multiple tenants and access to mass transit. The analysis demonstrates that public subsidies towards stadiums don’t generate sufficient economic returns, and that successful stadiums can be created without using taxpayer funds.

Strategic Significance: A Model Of G-20 Membership, Patrick Eagan-Van Meter

CMC Senior Theses

The membership of the Group of 20 was selected without any official criteria. This paper investigates whether group membership can be explained through the consideration of several different factors that coincide with the mission of the organization. I found strong evidence that membership in the Group of 20 was based on some combination of land mass and economic output. The results demonstrate that these factors are highly predictive of group membership.

Democratic Strength And Terrorism: An Economic Approach, Brian P. Winter

CMC Senior Theses

There has been much literature about the economic effects of terrorism in democratic countries, but this literature often considers democracy to be a binary variable. This paper sought to explore how the effects might differ depending on the strength of a democracy. In the end, I found that the numbers of attacks and the effects of those attacks do not follow a linear path. The results for autocracies and anocracies require further analysis, but democracies have revealed interesting results. It seems that democracies as a whole have more terrorist attacks, but, within this group, the more democratic a country is …

Papers Ltv, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2011, January 16). Profit themes (Unpublished manuscript notes) (23-39_Pape... p. 4).
• Shaikh, A. (1988, November 26). Steuart & two sources of profit: History—notes on prod/unprod labor in Marx (Unpublished manuscript notes) (23-39_Pape... p. 5).
• Shaikh, A. (1992). Values and value transfers: A comment on Itoh (Unpublished manuscript) (23-39_Pape... p. 10).
• Obrinsky, M. (1983). Profit theory and capitalism. University of Pennsylvania Press (23-39_Pape... p. 39).
• Shaikh, A. (2008, February 6). Production and nonproduction labor (Unpublished manuscript notes) (23-39_Pape... p. 44).

Class (Chapter 9), Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Chapter 9: classical, neoclassical, austrian and post keynesian views on competition, an unpublished draft book chapter prepared by Anwar Shaikh, PhD, on June 5, 2026.
• Ch 9 (class), a manuscript file folder label inscribed with the identification code NA-23-62, prepared by Anwar Shaikh, PhD, on June 5, 2026.
• Corrections and marginal notation on classical pricing and cost functions, an unpublished set of handwritten manuscript comments prepared by Anwar Shaikh, PhD, on June 5, 2026.

Competition Blue, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Roncaglia, A. (2006). Paolo Sylos Labini (1920-2005): A tribute. EAEPE Newsletter, (35).
• Shaikh, A. (2011). Appendix 7.1.xlsx. Unpublished manuscript.
• Dhawan, R. (2001). Firm size and productivity differential: Theory and evidence from a panel of US firms. Journal of Economic Behavior & Organization, 44(3).
• Shaikh, A. (2011). Marx's example of a hand printing press vs. a lithograph. Unpublished manuscript.
• Shaikh, A. (2011). The writing of the Grundrisse. Unpublished manuscript.

Real-Time Forecasting, Dean D. Croushore

Economics Faculty Publications

This chapter will discuss real-time forecasting in a macroeconomic policy context. I will begin by talking about the Survey of Professional Forecasters (SPF), a survey of private-sector forecasters. Next, I will discuss research on real-time data analysis and its importance in forecasting. Finally, I will discuss real-time forecasting in the 1990s.

Power And Capitalism Panel, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2011, April). Comments on hegemony in academia, neoclassical economics, and vested interests (Handwritten note) (23-11_Powe... p. 2).
• Shaikh, A. (2011, April). My story: reflections on the Cambridge capital controversy, empirical production functions, and neoliberalism (Handwritten note) (23-11_Powe... p. 3).
• The New School. (2011, April 15–16). Power and the history of capitalism (Conference program). The New School (23-11_Powe... pp. 4-10).
• Milberg, W. (2011, April 15). Hegemony panel (Email) (23-11_Powe... p. 11).

Chapter 6 And Chapter 8 Tables, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Shaikh, A. (2010). Chapter 6 numerical examples: Labor values, direct prices, and prices of production (Unpublished Mathcad worksheet) 
• Shaikh, A. (2011). Chapter 8 reference tables: Price equalization, profit rate disequalization, and technical choice contenders (Unpublished Excel spreadsheet)

Radio Spectrum And The Disruptive Clarity Of Ronald Coase, Thomas W. Hazlett, David P. Porter, Vernon L. Smith

Economics Faculty Articles and Research

In the Federal Communications Commission, Ronald Coase exposed deep foundations via normative argument buttressed by astute historical observation. The government controlled scarce frequencies, issuing sharply limited use rights. Spillovers were said to be otherwise endemic. Coase saw that Government limited conflicts by restricting uses; property owners perform an analogous function via the “price system.” The government solution was inefficient unless the net benefits of the alternative property regime were lower. Coase augured that the price system would outperform. His spectrum auction proposal was mocked by communications policy experts, opposed by industry interests, and ridiculed by policy makers. Hence, it took …

The Public Sector, Migration, And Heterogeneity, Carlos J. Lopes

University of Kentucky Doctoral Dissertations

Questions on the optimal size of government always provoke intense political debate. At the center of this is the public goods problem, where certain goods and services are “under-provided” by the market due to problems with rivalry and excludability. These goods are usually provided by the public sector and financed through taxes. Questions emerge over the optimal level of provision, as different individuals value these goods differently. This dissertation consists of two studies which address preferences for the size of government from different perspectives.

The first study provides a method that can be used to estimate demand for changes in …

Mississippi Period Occupational And Political History Of The Middle Savannah River Valley, Keith Stephenson

University of Kentucky Doctoral Dissertations

Research focusing on the political economy of Mississippian mound centers in the middle Savannah River valley has prompted a reevaluation of current interpretations regarding societal complexity. I conclude the clearest expression of classic Mississippian riverine-adaptation is evident at centers immediately below the Fall Line with their political ties to chiefdom centers in the Piedmont, and especially Etowah. By contrast, those centers on the interior Coastal Plain were politically autonomous with minimal signatures in social ranking. The scale of appropriated labor and resulting level of surplus production, necessitated by upland settlement on the Aiken Plateau, fostered social contradictions making communally-oriented and …

Economic Size And The Changing International Political Economy Of Trade: The Development Of Western Hemispheric Ftas, Gaspare Genna

Selected Works Temporary Series

Why are some free trade agreements (FTAs) in the western hemisphere successfully negotiated and implemented while others seem to stagnate during negotiations? FTAs are more likely to develop when there is an asymmetrical power relationship and potential partners are satisfied with projected trade patterns. The European Union (EU) and United States have been successful in negotiating agreements with the Caribbean and Central American (CCA) countries. However, current bilateral and multilateral trade talks between the EU, the Common Market of the South (MERCOSUR), and United States are at a standstill. Although all four sets of trade negotiations include dissatisfactory conditions for …

The Political Economy Of Currency Re-Denomination By Countries., Peter Nwaoba

Bullion

In the view of the Bank, redenomination policy for Nigeria was not to translate to revaluation, as market forces were to continue to determine the prices, including interest rates and exchange rates, with the expectation that inflation will be low while exchange rate will appreciate. The objective of this paper is to articulate the reasons and conditions under which countries embark on currency redenomination exercises, and how successful these exercises had been over the years. The paper is descriptive with presentation based on literature reviews. Under the redenomination programme, banknotes were to be issued in denominations of new 50k (old …

Economic Size And The Changing International Political Economy Of Trade: The Development Of Western Hemispheric Ftas, Gaspare Genna

Departmental Papers (PS)

Why are some free trade agreements (FTAs) in the western hemisphere successfully negotiated and implemented while others seem to stagnate during negotiations? FTAs are more likely to develop when there is an asymmetrical power relationship and potential partners are satisfied with projected trade patterns. The European Union (EU) and United States have been successful in negotiating agreements with the Caribbean and Central American (CCA) countries. However, current bilateral and multilateral trade talks between the EU, the Common Market of the South (MERCOSUR), and United States are at a standstill. Although all four sets of trade negotiations include dissatisfactory conditions for …

The Write Moves: An Autoethnographic Examination Of The Media Industry, Danielle Gomes

UNLV Theses, Dissertations, Professional Papers, and Capstones

This thesis examines the current media environment through the use of adaptation theory, political economy theory, and media ecology theory. More specifically, this thesis is an autoethnography of this author‟s attempts to release content into the mass-media.

This thesis expects to find that in the current conglomerate controlled media environment content that has multi-media potential is preferred. Vertical integration is the standard in these massive media corporations. Consequently, the adaptation of content into multiple media is no longer an afterthought to creation, it is forethought.

Introduction: Culture, Economy, Policy: Trends And Developments, Lily Kong

Research Collection School of Social Sciences

The important nexus between culture and economy is by no means a recent development nor a novel inclusion on the social science agenda. As Harvey pointed out in his foreword to Zukin's (1988)Loft Living, the artist, as one `representative' of the cultural class, has always shared a position in the market system, whether as artisans or as “cultural producers working to the command of hegemonic class interest”. In the last two to three decades, in the US and more lately, in western Europe, cultural activities have become increasingly significant in the economic regeneration strategies in many cities. Geographers, however, have …

Conformism And Turnout, Massimiliano Landi, Mauro Sodini

Research Collection School Of Economics

This paper proposes a model of turnout in which citizens have a preference for conformism, which adds to the instrumental preference for the electoral outcome. Under this environment multiple equilibria arise, some that generate a (more realistic) high level of turnout, for a wide rage of parameter values. It is also shown that high levels of turnout are robust to the introduction of asymmetry and heterogeneity in the parameter governing the preference for conformism and with respect to the reference group for conformism.

This model suggests that high turnout can only be achieved as the outcome of a particular coordination …

The Oecd And Economic Governance: Invisibility And Impotence?, Richard Woodward

Books/Book Chapters

Chapter 3 sketches the OECD's role in economic governance, in particular the pursuit of its obligation to promote policies which maximize economic growth. While the OECD's work in the economic field evolves, its mechanisms of economic governance have barely altered. Richard Woodward argues that the OECD exerts ‘subtle discipline’ over the trajectory of economic governance through the use of its soft law mechanisms such as surveillance and peer review. These mechanisms can lead to convergence in national policies and, occasionally, outbreaks of international policy coordination. Ultimately, however, the proliferation of international mechanisms of governance and the internal politics of the …

The Margins Of Multinational Production And The Role Of Intrafirm Trade, Alfonso Irarrazabal, Andreas Moxnes, Luca David Opromolla

Dartmouth Scholarship

In this paper we provide a quantitative analytical framework for analyzing trade and multinational production (MP), consistent with a set of stylized facts for trade and MP, among them that both exports and MP adhere to a gravity model. We propose a heterogeneous firm trade model where firms choose endogenously whether to serve foreign markets through MP or exports, where headquarters and affiliates are vertically integrated, and where firms face stochastic entry and demand shocks in each market. Using a unique firm-level data set on production, trade and MP, we establish key regularities about the entry and sales patterns of …