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2012

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Full-Text Articles in Other Economics

An Empirical Exploration Of The Effects Of Medical Marijuana Laws, Ben Ehrens Dec 2012

An Empirical Exploration Of The Effects Of Medical Marijuana Laws, Ben Ehrens

Economics Theses

This exploration into the multiple effects of medical marijuana laws on regional marketplaces uses a novel data set and contributes three unique and important findings. First, in states with medical marijuana legislation the price of marijuana is significantly lower than states without similar legislation, this is likely due to measures that allow for legalized avenues of production and distribution. Secondly, because of price breaks for bulk purchases, retail level distributers operate on a downward sloping supply curve that is less steep in medical marijuana states; this is likely due to decreased risk of distribution which may reduce preference for lower ...


Salary Determination In The National Hockey League: Restricted, Unrestricted, Forwards, And Defensemen, Kevin Peck Dec 2012

Salary Determination In The National Hockey League: Restricted, Unrestricted, Forwards, And Defensemen, Kevin Peck

Honors Theses

This thesis will attempt to estimate the relationships between salary and measures of the marginal productivity of hockey players, or performance indicators. Salary determination, as in most other sports leagues, is determined in a labor market. Each player has a marginal revenue product of labor (MRPL) and this MRPL varies from player to player, and from team to team. Firms, in this case teams, seek to add players with a high MRPLin order to increase the quantity and quality of product they sell, in this case wins. Among other things, a player has a MRPLthat will equate to the additional ...


Waste Dynamics, Country Heterogeneity And The European Environmental Policy Effectiveness, Massimiliano Mazzanti Dec 2012

Waste Dynamics, Country Heterogeneity And The European Environmental Policy Effectiveness, Massimiliano Mazzanti

Massimiliano Mazzanti

No abstract provided.


Economic Outlook 2010: Innovation, Connie I. Reimers-Hild Nov 2012

Economic Outlook 2010: Innovation, Connie I. Reimers-Hild

Connie I Reimers-Hild, PhD, CPC

This article discusses the importance of innovation to individuals and the overall economy.


A Household Model Of Careers And Education Investment, Jessica F. Young Nov 2012

A Household Model Of Careers And Education Investment, Jessica F. Young

Undergraduate Economic Review

This paper develops a two-stage non-cooperative household game, in which parents make career decisions and an investment into their child’s human capital. The model is solved for Nash equilibrium outcomes and extended for a cooperative solution. In non-cooperative pure strategies, both parents choosing to work is a Nash equilibrium, though there are alternative outcomes when the conditions underlying the career decision are varied. The investment behaviour of agents is analysed. We find that choices are critically affected by the magnitude of the cost (and reflected quality) of a high education investment relative to a low investment, and the intrinsic ...


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 ...


Poisoning The Well, Or How Economic Theory Damages, Julie A. Nelson Sep 2012

Poisoning The Well, Or How Economic Theory Damages, Julie A. Nelson

Julie A. Nelson

Contemporary mainstream economics has widely “poisoned the well” from which people get their ideas about the relationship between economics and ethics. The image of economic life as inherently characterized by self-interest, utility- and profitmaximization, and mechanical controllability has caused many businesspeople, judges, sociologists, philosophers, policymakers, critics of economics, and the public at large to come to tolerate greed and opportunism, or even to expect or encourage them. This essay raises and discusses a number of counterarguments that might be made to the charge that current dominant professional practice is having negative ethical effects, as well as discussing some examples of ...


Is Dismissing The Precautionary Principle The Manly Thing To Do? Gender And The Economics Of Climate Change, Julie Nelson Sep 2012

Is Dismissing The Precautionary Principle The Manly Thing To Do? Gender And The Economics Of Climate Change, Julie Nelson

Julie A. Nelson

Many public debates about climate change now focus on the economic "costs" of taking action. When called on to advise about these, many leading mainstream economists downplay the need for care and caution on climate issues, forecasting a future with infinitely continued economic growth. This essay highlights the roles of binary metaphors and cultural archetypes in creating the highly gendered, sexist, and age-ist attitudes that underlie this dominant advice. Gung-ho economic growth advocates aspire to the role of The Hero, rejecting the conservatism of The Old Wife. But in a world that is not actually as safe and predictable as ...


Predicting Securities Fraud Settlements And Amounts: A Hierarchical Bayesian Model Of Federal Securities Class Action Lawsuits, Blakeley B. Mcshane, Oliver P. Watson, Tom Baker, Sean J. Griffith Sep 2012

Predicting Securities Fraud Settlements And Amounts: A Hierarchical Bayesian Model Of Federal Securities Class Action Lawsuits, Blakeley B. Mcshane, Oliver P. Watson, Tom Baker, Sean J. Griffith

Faculty Scholarship at Penn Law

This paper develops models that predict the incidence and amount of settlements for federal class action securities fraud litigation in the post-PLSRA period. We build hierarchical Bayesian models using data which comes principally from Risk metrics and identify several important predictors of settlement incidence (e.g., the number of different types of securities associated with a case, the company return during the class period) and settlement amount (e.g., market capitalization, measures of newsworthiness). Our models allow us to estimate how the circuit court a case is filed in as well as the industry of the plaintiff firm associate with ...


Presentación: Peatonalización De La Séptima, Alfredo Bateman Aug 2012

Presentación: Peatonalización De La Séptima, Alfredo Bateman

Alfredo Bateman

No abstract provided.


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 ...


Cooperative Cashing? An Economic Analysis Of Document Duplication In Cooperati4ve Web Caching, Kartik Hosanagar, Yong Tan Jun 2012

Cooperative Cashing? An Economic Analysis Of Document Duplication In Cooperati4ve Web Caching, Kartik Hosanagar, Yong Tan

Operations, Information and Decisions Papers

Cooperative caching is a popular mechanism to allow an array of distributed caches to cooperate and serve each others’ Web requests. Controlling duplication of documents across cooperating caches is a challenging problem faced by cache managers. In this paper, we study the economics of document duplication in strategic and nonstrategic settings. We have three primary findings. First, we find that the optimum level of duplication at a cache is nondecreasing in intercache latency, cache size, and extent of request locality. Second, in situations in which cache peering spans organizations, we find that the interaction between caches is a game of ...


Price Discrimination In Service Industries, Anja Lambrecht, Katja Seim, Naufel Vilcassim, Amar Cheema, Yuxin Chen, Gregory S. Crawford, Kartik Hosanagar, Raghuram Iyengar, Oded Koenigsberg, Robin Lee, Eugenio J. Miravete, Ozge Sahin Jun 2012

Price Discrimination In Service Industries, Anja Lambrecht, Katja Seim, Naufel Vilcassim, Amar Cheema, Yuxin Chen, Gregory S. Crawford, Kartik Hosanagar, Raghuram Iyengar, Oded Koenigsberg, Robin Lee, Eugenio J. Miravete, Ozge Sahin

Operations, Information and Decisions Papers

This article outlines recent methods and applications directed at understanding the profit and consumer welfare implications of increasingly prevalent price discrimination strategies in the service sector. These industries are typically characterized by heterogeneity in consumers’ valuation and usage of the service, resale constraints, and a focus on price as the service’s key attribute. The article focuses on how firms use nonlinear pricing or bundling strategies to benefit from the heterogeneity in consumer demand. We describe the basic economic model commonly used in the literature to analyze such strategic choices and present recent methodological improvements to this benchmark. A discussion ...


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 ...


Female Labor Force Participation In Argentina, 1980-2003: Gendered Trends And Responses To Crisis, Natalie Butterfield May 2012

Female Labor Force Participation In Argentina, 1980-2003: Gendered Trends And Responses To Crisis, Natalie Butterfield

Scripps Senior Theses

How do the experiences of women in the labor market differ from the experiences of men? Do economic crises affect their labor market decisions differently? Economists have investigated the responses of women to specific moments of crisis in Argentina – the country lends itself well to this analysis, as the last three decades of its history have seen both economic growth and financial collapse. With the crisis literature in mind, I investigate trends in female labor force participation rates in Argentina between 1980-2003, finding that while some evidence supports the “added worker effect” hypothesis, more research must be done to understand ...


Does Gender Inequality In Education Affect Educational Outcomes?, Kevin Sheehan May 2012

Does Gender Inequality In Education Affect Educational Outcomes?, Kevin Sheehan

Honors Scholar Theses

There is little doubt that education has a major effect on economic growth. Studies have traditionally used years of schooling (a quantitative variable) to measure education, but there has a shift towards using qualitative measures of education when trying to test the relationship between education and growth. In fact, there is strong evidence that the quality of education is much more important for economic growth than the quantity of education. The best way to measure the quality of education in a given country is to measure educational outcomes, and the best way to measure outcomes across countries is to look ...


Beyond Race Cards In America's Pastime: An Appreciative Reply To Findlay And Santos, Robert Muñoz May 2012

Beyond Race Cards In America's Pastime: An Appreciative Reply To Findlay And Santos, Robert Muñoz

Chicano Latino Studies Faculty Publications and Presentations

In this reply, I salute the correction, replication, and extensions carried out by David Findlay and John Santos (2012) based on my jointly authored paper Hewitt, Muñoz, Oliver, and Regoli (2005). I expound briefly on why, even though we and they have found no statistically significant race-discrimination effect in baseball card prices, we should not be quick to diminish the role of racial thinking and racial preference—especially as the sample was restricted to Hall of Famers.


A Study Of The Determinants Of Transfer Fees For French Ligue 1 Soccer Players, Reid Barrett Taylor May 2012

A Study Of The Determinants Of Transfer Fees For French Ligue 1 Soccer Players, Reid Barrett Taylor

Undergraduate Theses and Capstone Projects

In light of the increasing flow of millions of dollars into the sports industry during the last two decades, notably the international soccer market, the repercussions from the wave of economic activity have come under scrutiny by economists. In France alone, while the real Gross Domestic Product for the country has grown at an annualized rate of 2.75%, the soccer industry in France has experienced a 500% growth in ticket sales, 3,300% growth in sponsorship income, 122,000% increase in income from television contracts overall during the same time period (Bourg and Gouget, 2005). Sports have become such ...


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 ...


Simple Ecosystem Service Valuation Can Impact National Forest Management, David E. Ervin, Gary Larsen, Craig Shinn May 2012

Simple Ecosystem Service Valuation Can Impact National Forest Management, David E. Ervin, Gary Larsen, Craig Shinn

Economics Faculty Publications and Presentations

This essay is about how a relatively simple application of the ‘new scarcity’ paradigm for non-market ecosystem services (Simpson, Toman and Ayres 2005) changed the management plan for a national forest. We identify lessons from our experience for AERE members.


The Effects Of Foreign Direct Investment On Sovereign Debt Sustainability In Latin America, Oriana I. Fuentes May 2012

The Effects Of Foreign Direct Investment On Sovereign Debt Sustainability In Latin America, Oriana I. Fuentes

Syracuse University Honors Program Capstone Projects

Sovereign debt has been a central political issue in Latin American nations for many years, especially considering the region’s long history of defaults and restructurings. Finding ways to grow sustainably at manageable levels of indebtedness has certainly been a challenge, especially with the large number of factors that play into how a nation finances itself and its growth. One of these factors, foreign direct investment (FDI), has attracted significant attention after countries became more politically stable and protective of investor interests in the early 1990s. As a result, inflows of FDI have grown at record levels reaching over $112 ...


Managerial Turnover In The English Premier League And The Subsequent Results, Jarrod Connally May 2012

Managerial Turnover In The English Premier League And The Subsequent Results, Jarrod Connally

Honors College Capstone Experience/Thesis Projects

Efficient productivity often relies upon the matching of managerial skills and the resources available for production. Often, poor production outcomes can be attributed to those not directly involved in the production: the managers. Similarly, poor results in professional sports are often attributed to the men and women who never play a minute of a game: the managers/coaches. Managers are routinely blamed for performance and are often the first change an owner or a club will make to improve results. This paper will attempt to determine the performance effects of changing a club’s manager in soccer’s English Premier ...


Examining Impacts On Water Demand Resulting From Population And Employment Growth Using A Regional Adjustment Model, Steven Blake Thomas May 2012

Examining Impacts On Water Demand Resulting From Population And Employment Growth Using A Regional Adjustment Model, Steven Blake Thomas

Masters Theses

This thesis examines the currently available water use data and its limitation for use in scientific research. The first chapter offers a description of the current nationwide water data including descriptions of collection methods and trends found within the data. The varying collection methods used result in inconsistencies within the datasets and between the years. These inconsistencies have resulted in the data being used more as a point of reference than in nationwide empirical analysis of water use. There has been a calling for systematic improvements to the data, which could contribute to greater empirical analysis taking place at the ...


Economic And Environmental Effects Of Switchgrass Production On A Representative Cow-Calf Farm In Middle Tennessee, Hanna Leah Watts May 2012

Economic And Environmental Effects Of Switchgrass Production On A Representative Cow-Calf Farm In Middle Tennessee, Hanna Leah Watts

Masters Theses

The purpose of this research was to evaluate the economic tradeoffs and land use dynamics of incorporating switchgrass into the farm plan of a representative middle Tennessee cow-calf operation. A net revenue simulation and multi-year mathematical programming model was used to find the optimum mix of switchgrass and cow-calf enterprises that will maximize whole farm net revenues over 30 years on a representative middle Tennessee beef farm under both average and above average management. Land use changes predicted by the mathematical programming model were used to assess the carbon change associated with incorporating, or transitioning to, switchgrass production.

For a ...


Some Socio Economic Determinants Of Fertility In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Muhammad Shahid, Mahboob Ul Hassan Apr 2012

Some Socio Economic Determinants Of Fertility In Pakistan: An Empirical Analysis, Muhammad Irfan Chani, Muhammad Shahid, Mahboob Ul Hassan

Muhammad Irfan Chani

This study aims to investigate the role that various socioeconomic factors like female education, urbanization and female labour force participation play in determining fertility of women in Pakistan. ARDL bound test approach to cointegration is used to analyze the long-run relationship of the variables by using the data for the period from 1980 to 2009. The empirical results show that there exists a long-run as well as short-run relationship between fertility and urbanization, female labour force participation and female education in Pakistan. The analysis indicates there is a negative relationship between all 3 determinants with fertility. Female education and urbanization ...


The Health Care Debate And Health Care Coverage In The U.S. A. Today, Antonio Giraldi Apr 2012

The Health Care Debate And Health Care Coverage In The U.S. A. Today, Antonio Giraldi

Honors Theses

The health care system in the United State has struggled during the past few decades. This has been accompanied by many controversies and debates among U.S. policy makers and health insurance providers. Dissatisfaction with health care in the United States today can be divided into three main aspects of health care; coverage, cost, and quality. The first problem, coverage, is a major issue because about 15 percent of the population of the U.S. (45 million) is uninsured today. The first and second problems, coverage and cost, are somewhat related since the rising cost of obtaining health services is ...


(Review) A Short History Of Ethics And Economics: The Greeks, Spencer J. Pack Apr 2012

(Review) A Short History Of Ethics And Economics: The Greeks, Spencer J. Pack

Economics Faculty Publications

No abstract provided.


Procedural Paper Draft. Asset Inequality Conceptual Framework And Measurement Methodology, Luis A. Villasenor Apr 2012

Procedural Paper Draft. Asset Inequality Conceptual Framework And Measurement Methodology, Luis A. Villasenor

Adrián Villaseñor

No abstract provided.


That Used To Be Us: Through The Eyes Of The Aviation Industry, Kelly A. Whealan-George Apr 2012

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

Social Sciences and Economics - Worldwide

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 ...


The Roc And The Hard Place: The Empirical Effects Of Economic Development Projects On Property Value, And The Reurbanization Of Rochester, Ny, Henry R. Fitts Apr 2012

The Roc And The Hard Place: The Empirical Effects Of Economic Development Projects On Property Value, And The Reurbanization Of Rochester, Ny, Henry R. Fitts

Senior Theses and Projects

Using quantitative analysis techniques in GIS and SPSS this piece analyzes property assessment data from Rochester, NY dating back to 1990. These values are compared to the City's economic development project sites, and cluster and regression analyses were conducted to measure the effect of proximity. The evaluations held mixed results, and further study is required to prove that proximity to a project site has a positive influence on property values. Nonetheless, the study shows some evidence to support this hypothesis and notes important geographical phenomena.