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Full-Text Articles in Other Economics

Introduction To The Special Issue On The Blue Economy Of Bangladesh, Pawan G. Patil, Pierre Failler, Khurshed Alam Oct 2019

Introduction To The Special Issue On The Blue Economy Of Bangladesh, Pawan G. Patil, Pierre Failler, Khurshed Alam

Journal of Ocean and Coastal Economics

Introduction to the Special Edition on the Blue Economy of Bangladesh by the Editors of the Special Edition.


Natural Gas Investment In West Virginia, 2010-2016, Eric Bowen Jul 2019

Natural Gas Investment In West Virginia, 2010-2016, Eric Bowen

Bureau of Business & Economic Research

West Virginia’s natural gas boom began in 2010 as hydraulic fracturing and horizontal drilling techniques began to be applied to the state’s shale formations. Since then, West Virginia has become the nation’s ninth-largest natural gas producer in 2017, with gross withdrawals of more than 1.6 trillion cubic feet. Since the gas boom started, the natural gas industry has made considerable investments in the state to pay for well drilling, mineral royalties, and pipeline infrastructure, among other investment costs. In this report, we estimate these investments in two key areas: upstream costs and midstream infrastructure.


Box Office Showdown: How Does Movie Market Saturation Affect First Weekend Box Office Revenues?, Matthew Steele May 2019

Box Office Showdown: How Does Movie Market Saturation Affect First Weekend Box Office Revenues?, Matthew Steele

Economics Honors Projects

The scheduling of release dates for feature films is among the most important decisions that movie studios make in the life cycle of a movie. While the economic literature on the movie industry has largely focused on modeling the box office success of a movie based on its own characteristics—star power, critical reception, and trailer data—there is a dearth of literature concerning the way that competition from within the industry affects box office revenues. This article primarily uses a propensity score matching model to fill a gap in the literature, establishing causal relationships between different forms of competition ...


Equilibrium Sorting And Moral Hazard In Residential Energy Contracts, Jieun Chang Nov 2018

Equilibrium Sorting And Moral Hazard In Residential Energy Contracts, Jieun Chang

Faculty Articles & Research

Summary

•This paper studies tenant behavior in rental housing when the landlord pays for heating.

•For a fixed cost of heating, households that choose tenant-pay contracts prefer higher thermostat settings than households that choose landlord-pay contracts.

•Eliminating moral hazard by forcing all renters to pay their own bill reduces energy consumption by 25% due to renters turning down the heat (22%) and choosing smaller units (3%).

•Moral hazard in residential energy contracts cost $839 million per year in welfare losses.


Unconventional Natural Gas Industry Value Chain And Representative Companies, Ednilson Bernardes Jul 2018

Unconventional Natural Gas Industry Value Chain And Representative Companies, Ednilson Bernardes

Bureau of Business & Economic Research

This report defines a framework for the unconventional natural gas value chain and identifies representative companies in each stage, as per definition of the value chain adopted for the study. The main focus of the report is on major companies in the up and midstream stages of the value chain. However, the report presents major companies in stages further downstream covered by the study. The reason for the focus on up and midstream stages is two‐fold. First, given the current level of development of the unconventional natural gas value chain in the state, those are the stages where most ...


Coal Production In West Virginia, Brian Lego, John Deskins Jul 2018

Coal Production In West Virginia, Brian Lego, John Deskins

Bureau of Business & Economic Research

No abstract provided.


The Impact Of Noxious And Carcinogenic Pollutants In Adams County Colorado, Ahnika Leroy Jan 2018

The Impact Of Noxious And Carcinogenic Pollutants In Adams County Colorado, Ahnika Leroy

Undergraduate Honors Theses

This paper will explore how carcinogenic and noxious pollutants emitted from Toxic Release Sites (TRI) effect housing prices in an urban area of Colorado. This is possible in an empirical model that considers the influence of commercial and industrial properties. My approach addresses an important source of omitted variable bias like issues of sorting and agglomeration by disaggregating pollutant types and sites. I will also compare estimates using a hedonic and repeat sales model. Since I am using the repeat sales model, this can control for bias due to sorting. Results indicate that pollutant coefficients in the repeat sales model ...


An 8-Zone Test System Based On Iso New England Data: Development And Application, Dheepak Krishnamurthy, Wanning Li, Leigh Tesfatsion Dec 2016

An 8-Zone Test System Based On Iso New England Data: Development And Application, Dheepak Krishnamurthy, Wanning Li, Leigh Tesfatsion

Leigh Tesfatsion

This study develops an open-source 8-zone test system for teaching, training, and research purposes that is based on ISO New England structural attributes and data. The test system models an ISO-managed wholesale power market populated by a mix of generating companies and load-serving entities that operates through time over an 8-zone AC transmission grid. The modular extensible architecture of the test system permits a wide range of sensitivity studies to be conducted. To illustrate the capabilities of the test system, we report energy cost-savings outcomes for a comparative study of stochastic versus deterministic DAM security constrained unit commitment (SCUC) formulations ...


The Influence Of The Electric Supply Industry On Economic Growth In Less Developed Countries, Edward Richard Bee Aug 2016

The Influence Of The Electric Supply Industry On Economic Growth In Less Developed Countries, Edward Richard Bee

Dissertations

This study measures the impact that electrical outages have on manufacturing production in 135 less developed countries using stochastic frontier analysis and data from World Bank’s Investment Climate surveys. Outages of electricity, for firms with and without backup power sources, are the most frequently cited constraint on manufacturing growth in these surveys.

Outages are shown to reduce output below the production frontier by almost five percent in Africa and by a lower percentage in South Asia, Southeast Asia and the Middle East and North Africa. Production response to outages is quadratic in form. Outages also increase labor cost, reduce ...


An 8-Zone Test System Based On Iso New England Data: Development And Application, Dheepak Krishnamurthy, Wanning Li, Leigh Tesfatsion Jan 2016

An 8-Zone Test System Based On Iso New England Data: Development And Application, Dheepak Krishnamurthy, Wanning Li, Leigh Tesfatsion

Economics Publications

This study develops an open-source 8-zone test system for teaching, training, and research purposes that is based on ISO New England structural attributes and data. The test system models an ISO-managed wholesale power market populated by a mix of generating companies and load-serving entities that operates through time over an 8-zone AC transmission grid. The modular extensible architecture of the test system permits a wide range of sensitivity studies to be conducted. To illustrate the capabilities of the test system, we report energy cost-savings outcomes for a comparative study of stochastic versus deterministic DAM security constrained unit commitment (SCUC) formulations ...


A Note On First-Price Sealed-Bid Cattle Auctions In The Presence Of Captive Supplies, John M. Crespi, Tian Xia Dec 2015

A Note On First-Price Sealed-Bid Cattle Auctions In The Presence Of Captive Supplies, John M. Crespi, Tian Xia

Economics Publications

The authors present an analytical model of a ϐirst-price sealed-bid cattle auction in which a spot and coordinated markets are interconnected. The model reveals that the conventional wisdom that market coordination negatively affects the bid price in the spot market is an oversimpliϐication. The relationships between key market variables impact bids and bid shading in complex ways. While captive supplies can lead to lower spot prices, the price reductions do not necessarily stem from an increase in market power due to contracting. The model emphasizes the importance of several variables for future empirical studies.


The Effects Of Trade Competition On Health, And Determinants Of Workplace Behavior, Thomas Clayton Mcmanus Aug 2015

The Effects Of Trade Competition On Health, And Determinants Of Workplace Behavior, Thomas Clayton Mcmanus

Doctoral Dissertations

My dissertation consists of three essays related to workplace behavior. In the first paper, we design a controlled laboratory experiment to study image motives in a setting where decisions signal intelligence. The experiment results show that in some settings social scrutiny can discourage individuals from making choices that signal their intelligence, despite evidence that the signal was privately valuable. In the second paper, we study the effect of Chinese import competition on occupational safety and health at US manufacturers. We find that a change in US trade policy and Chinese import shocks significantly increases worker injury and illness rates in ...


Capital Stock Series Of The Mexican Regions, Vicente German-Soto Jun 2015

Capital Stock Series Of The Mexican Regions, Vicente German-Soto

Vicente German-Soto

Database of the physical capital stock series of the Mexican states industrial sector.


The Relevance Of Economic, Institutional And Cultural Determinants For Venture Capital Investments. A Us-Europe Comparison., Nadja Benes May 2015

The Relevance Of Economic, Institutional And Cultural Determinants For Venture Capital Investments. A Us-Europe Comparison., Nadja Benes

Master's Theses

This study analyzes the determinants of early-stage VC investments by identifying characteristics in the economic, institutional, as well as cultural framework that could explain the diverging levels of early-stage VC investments across countries. Data was assembled for 16 countries during the period from 1995 until 2013. The results indicate that countries that are more open to trade are associated with higher levels in early-stage venture capital. A higher unemployment rate negatively affects a country’s level of early-stage VC funds. Higher R&D expenditures as a proxy for the technological and innovation capacity in a country as well as a ...


That Used To Be Us: Through The Eyes Of The Aviation Industry, Kelly A. Whealan-George Jan 2015

That Used To Be Us: Through The Eyes Of The Aviation Industry, Kelly A. Whealan-George

Kelly Whealan George

The U.S. economic success was rooted in an industrial policy which had five pillars of a prosperity formula that served as a catalyst for development and growth: 1) public/private cooperation on education, 2) immigration policy, 3) infrastructure, 4) risk/capital management, and 5) government-funded scientific research. In this paper, the development and growth of the aviation industry is viewed in the framework of such a prosperity formula in order to face the four areas that the entire economy will need to face in the current market in order to be competitive in the global market in the 21st ...


Updated Database Of Mexican States Gdp, Vicente German-Soto Jan 2015

Updated Database Of Mexican States Gdp, Vicente German-Soto

Vicente German-Soto

GDP Database of the Mexican States (1940-2013) at constant prices of 1993. They were estimated as in German-Soto (2005) for the 1940-1992 period. Between 1993 and 2006 they are official figures by INEGI: Sistema de Cuentas Nacionales. Since 2006 the base changed to 2008, therefore figures published in this database for 2007 to 2013 were estimated applying the rate of growth of the gross state product in base 2008 (of those years) on series at constant prices of 1993 since 2006. As a result, we have a homogenous database for the period 1940-2013 in prices of 1993. A project to ...


Strength Of Protection For Geographical Indications: Promotion Incentives And Welfare Effects, Luisa Menapace, Giancarlo Moschini Jul 2014

Strength Of Protection For Geographical Indications: Promotion Incentives And Welfare Effects, Luisa Menapace, Giancarlo Moschini

Economics Publications

We address the question of how the strength of protection for geographical indications (GIs) affects the GI industry's promotion incentives, equilibrium market outcomes, and the distribution of welfare. Geographical indication producers engage in informative advertising by associating their true quality premium (relative to a substitute product) with a specific label emphasizing the GI's geographic origin. The extent to which the names/words of the GI label can be used and/or imitated by competing products—which depends on the strength of GI protection—determines how informative the GI promotion messages can be. Consumers’ heterogeneous preferences (vis-à-vis the GI ...


Producing Energy While Sequestering Carbon? The Relationship Between Biochar And Agricultural Productivity, Nathan Kauffman, Jerome Dumortier, Dermot J. Hayes, Robert C. Brown, David Laird Apr 2014

Producing Energy While Sequestering Carbon? The Relationship Between Biochar And Agricultural Productivity, Nathan Kauffman, Jerome Dumortier, Dermot J. Hayes, Robert C. Brown, David Laird

Economics Publications

A partial solution to problems associated with anthropogenic greenhouse gas (GHG) emissions could be the development and deployment of carbon-negative technologies, i.e., producing energy while reducing atmospheric carbon dioxide levels. Biofuels have been considered a possibility but have faced limitations due to competition with food production and GHG emissions through indirect land-use change (ILUC). In this article, we show how emissions from ILUC can potentially be reduced by producing food and bioenergy from biochar amended soils. The possibility of yield improvements from biochar would reduce the land requirement for crop production and thus, lead to a reduction in emissions ...


Green Technology And Optimal Emissions Taxation, Stuart Mcdonald, Joanna Poyago-Theotoky Feb 2014

Green Technology And Optimal Emissions Taxation, Stuart Mcdonald, Joanna Poyago-Theotoky

Joanna Poyago-Theotoky

We examine the impact of an optimal emissions tax on research and development of emission reducing green technology (E-R&D) in the presence of R\&D spillovers. We show that the size and effectiveness of the optimal emissions tax depends on the type of the R&D spillover: input or output spillover. In the case of R&D input spillovers (where only knowledge spillovers are accounted for), the optimal emissions tax required to stimulate R&D is always higher than when there is an R&D output spillover (where abatement and knowledge spillovers exist simultaneously). We also find that optimal ...


Corporate Humanitarian Partnerships, Rebecca C. Keyes May 2013

Corporate Humanitarian Partnerships, Rebecca C. Keyes

Chancellor’s Honors Program Projects

No abstract provided.


Misadventures In Regionalism: Reaffirming The Importance Of Central Places In Regional Economic Development Assistance, David Swenson, Liesl Eathington Apr 2013

Misadventures In Regionalism: Reaffirming The Importance Of Central Places In Regional Economic Development Assistance, David Swenson, Liesl Eathington

Economics Technical Reports and White Papers

Multi‐jurisdictional regional planning and problem solving approaches have been the mainstay in rural development efforts in recent decades, and regional partnerships are often a prerequisite for state or federal funding. The authors believe that many such initiatives utilize regions of convenience rather than regions of substance. This paper describes a shift in our preferred geography for providing research and technical assistance in nonmetropolitan areas in Iowa. This shift has led us, at least regarding rural development assistance, to move towards emphasizing the provision of community development services to regionally‐important nonmetropolitan urban centers, i.e., central places that clearly ...


Standard Oil: Cost Reductions And Predatory Pricing, Francisco Bedoya Apr 2013

Standard Oil: Cost Reductions And Predatory Pricing, Francisco Bedoya

Senior Theses and Projects

Standard Oil was founded by John D. Rockefeller and later dismantled by the US Supreme Court in 1911 for attempting to monopolize the market of the refined-oil kerosene. The objective of this thesis is to determine if the Supreme Court’s accusations relating to predatory pricing were based on facts; or did the government make groundless denunciations due to pressure from society at the time.

My objective revolves a historical case study that can be understood with economic theory. I intend to use empirical information from historical data about the growth of the company to determine whether the accusation of ...


Does Supporting Passenger Railways Reduce Road Traffic Externalities?, Armin Schmutzler Feb 2013

Does Supporting Passenger Railways Reduce Road Traffic Externalities?, Armin Schmutzler

Armin Schmutzler

Many governments subsidize regional rail service as an alternative to road traffic. This paper assesses whether increases in service frequency reduce road traffic externalities. We exploit differences in service frequency growth by procurement mode following a railway reform in Germany to address endogeneity of service growth. Increases in service frequency reduce the number of severe road traffic accidents, carbon monoxide, nitrogen monoxide, nitrogen dioxide pollution and infant mortality. Placebo regressions with sulfur dioxide and ozone yield no effect. Service frequency growth between 1994 and 2004 improves environmental quality by an amount that is worth approximately 28-40 % of total subsidies. An ...


Wat Is Coöperatief Ondernemen?, Lieve Jacobs, Wim Van Opstal Jan 2013

Wat Is Coöperatief Ondernemen?, Lieve Jacobs, Wim Van Opstal

Wim Van Opstal

De discussie van wat een echte coöperatie is en hoort te zijn, is haast zo oud als de coöperatieve beweging zelf en lijkt soms wel op de zoektocht naar de heilige graal. Toch beschikt de internationale coöperatieve beweging, vertegenwoordigd door de Internationale Coöperatieve Alliantie (ICA), over een referentiekader met een gemeenschappelijke definitie, principes en waarden. Dit referentiekader is zelf het compromis tussen vele verschillende visies en stromingen binnen het coöperatieve denken. Net daarom is het verstandig om dit eerder als een kompas in plaats van als een keurslijf te beschouwen. In deze bijdrage illustreren we de praktische grondslagen en gevolgen ...


Coöperaties In België. Top 100 Van De Grootste Belgische Coöperatieve Vennootschappen In 2011, Wim Van Opstal Jan 2013

Coöperaties In België. Top 100 Van De Grootste Belgische Coöperatieve Vennootschappen In 2011, Wim Van Opstal

Wim Van Opstal

In deze publicatie presenteren we de top 100 van de grootste Belgische coöperatieve vennootschappen in 2011. We bespreken de grootste coöperaties volgens hun economische activiteit en geven zo een venster op de rijke diversiteit aan coöperatieve initiatieven in ons land.


La Dolarización De La Economía Mexicana En La Etapa De Apertura Comercial, Vicente German-Soto, Oliver J. Sifuentes Herrera Dec 2012

La Dolarización De La Economía Mexicana En La Etapa De Apertura Comercial, Vicente German-Soto, Oliver J. Sifuentes Herrera

Vicente German-Soto

Este trabajo investiga si durante la apertura comercial la dolarización de la economía mexicana ha mostrado alguna tendencia a incrementarse. La internacionalización de la economía y la concentración del comercio intraindustrial con Estados Unidos pueden dar lugar a un ‘efecto dolarización’ que, de ser importante, llevaría a una pérdida de la autonomía monetaria y cambiaria del país que puede ser preocupante. Los resultados obtenidos desde una ecuación de regresión rechazan que la dolarización esté ganando terreno, sin embargo, señalan al riesgo cambiario como uno de los factores que más influyen en la demanda de dólares.


Competition In Information Technologies: Standards-Essential Patents, Non-Practicing Entities And Frand Bidding, Herbert J. Hovenkamp Oct 2012

Competition In Information Technologies: Standards-Essential Patents, Non-Practicing Entities And Frand Bidding, Herbert J. Hovenkamp

Faculty Scholarship at Penn Law

Standard Setting is omnipresent in networked information technologies. Virtually every cellular phone, computer, digital camera or similar device contains technologies governed by a collaboratively developed standard. If these technologies are to perform competitively, the processes by which standards are developed and implemented must be competitive. In this case attaining competitive results requires a mixture of antitrust and non-antitrust legal tools.

FRAND refers to a firm’s ex ante commitment to make its technology available at a “fair, reasonable and nondiscriminatory royalty.” The FRAND commitment results from bidding to have one’s own technology selected as a standard. Typically the FRAND ...


Essays On Industrial Organization And Environmental Economics, Cristina Marie Reiser Aug 2012

Essays On Industrial Organization And Environmental Economics, Cristina Marie Reiser

Doctoral Dissertations

This dissertation consists of three chapters that examine how regulation by a central authority motivates changes in behavior.

Chapter 1 identifies the role of a tolerance policy as a manager’s regulatory mechanism which can deter worker misconduct in rank-order tournaments. When contestants’ actions cannot be perfectly monitored or doing so is prohibitively costly, misconduct takes place. This chapter develops a theoretical model in which contestants compete for a prize in a symmetric tournament and in which the organizer tolerates some level of misconduct. In addition to showing that zero tolerance does not minimize equilibrium misconduct, it also shows there ...


Human Capital Formation And Economic Development In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Mahboob Ul Hassan, Muhammad Shahid May 2012

Human Capital Formation And Economic Development In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Mahboob Ul Hassan, Muhammad Shahid

Muhammad Irfan Chani

This study investigates the casual relationship between economic development and formation of human capital in Pakistan. Based on endogenous growth theory, this study empirically tests the standard growth model consisting of gross domestic product (GDP) per capita as a dependent variable and human capital formation, investment in physical capital and labor force as independent variables. Autoregressive distributive lag (ARDL) bound testing approach to cointegration is used to check the long-run equilibrium relationship between the variables included in the model. For checking the causal relationship between economic development and human capital formation, pair-wise Granger causality test is used for time series ...


The Settlers Of Catan And A Study Of Trade In Non-Cooperative Games, Dmitriy Ioselevich May 2012

The Settlers Of Catan And A Study Of Trade In Non-Cooperative Games, Dmitriy Ioselevich

Syracuse University Honors Program Capstone Projects

Free trade has long been hailed as the world’s answer to increased competitiveness, greater overall wealth and a higher standard of living. Adam Smith’s ideas on the foundations of capitalism assert that open market policies lead to global economic growth, and conversely that protectionist measures stunt growth and inflate prices. Critics argue that protectionism helps protect developing markets and industries and prevents unfair competition. But in the debate over trade which economic policy is actually best?

To answer this question I conducted an experiment using the board game, The Settlers of Catan, as an economic model. I isolated ...