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Optimal Investment To Control “Red Air Day” Episodes: Lessons From Northern Utah, Usa, Arthur Caplan, Ramjee Acharya 2020 Utah State University

Optimal Investment To Control “Red Air Day” Episodes: Lessons From Northern Utah, Usa, Arthur Caplan, Ramjee Acharya

Arthur J. Caplan

We address the issue of optimal investment in “preventative capital” to mitigate episodic, mobile-source air pollution events by calibrating an endogenous-risk model with parameter estimates obtained from a unique dataset related to "red air day" episodes occurring during the winter months in Northern Utah. Our analysis demonstrates that, under a wide range of circumstances, the optimal steady-state level of preventative capital stock – raised through the issuance of a municipal “clean air bond” that provides foundational funding for more aggressive mitigation efforts – can meet the standard for PM2.5 concentrations with positive social net benefits. We estimate benefit-cost ratios ranging between ...


Dynamic Competition With Network Externalities: Why History Matters, Hanna Halaburda, Bruno Jullien, Yaron Yehezkel 2019 Bank of Canada

Dynamic Competition With Network Externalities: Why History Matters, Hanna Halaburda, Bruno Jullien, Yaron Yehezkel

Hanna Halaburda

This paper considers dynamic platform competition in a market with network externalities. A platform that dominated the market in the previous period becomes ``focal" in the current period, in that agents play the equilibrium in which they join the focal platform whenever such equilibrium exists. We ask whether a low-quality but focal platform can maintain its focal position along time, when it faces a higher quality competitor. Under finite horizon, we find that when platforms are patient enough, the unique equilibrium is efficient. With infinite horizon, however, there are multiple equilibria in which either the low or the high quality ...


Control Of Episodic Air Pollution In Utah’S Wasatch Front Region Through Investment In Preventative Capital, Arthur Caplan, Ramjee Acharya 2019 Utah State University

Control Of Episodic Air Pollution In Utah’S Wasatch Front Region Through Investment In Preventative Capital, Arthur Caplan, Ramjee Acharya

Arthur J. Caplan

We address the issue of optimal investment in “preventative capital” to mitigate episodic, mobile-source air pollution events in Utah’s Wasatch Front region. We calibrate Berry et al.'s (2015) endogenous-risk model using a unique dataset related to the region’s "red air day" episodes occurring over the past decade. Our analysis demonstrates that, under a wide range of circumstances, the optimal steady-state level of preventative capital stock – raised through the issuance of a municipal “clean air bond” that can be used to fund more aggressive mitigation efforts – meets the standard for PM2.5 concentrations with positive social net benefits ...


Hunting Unicorns, Aaron Edlin 2019 Selected Works

Hunting Unicorns, Aaron Edlin

Aaron Edlin

We study the effects of above-cost exclusionary pricing and the efficacy of three policy responses by running experiments involving a monopoly incumbent and a potential entrant. Our experiments show that under a laissez-faire regime, the threat of post-entry price cuts discourages entry, and allows incumbents to charge monopoly prices. Current U.S. policy (Brooke Group) does not help. In contrast, a policy suggested by Baumol (1979) lowers post-exit prices, while Edlin’s (2002) proposal reduces pre-entry prices and encourages entry. While both policies have less competitive outcomes after entry than laissez-faire does, they nevertheless both increase consumer welfare. For Edlin ...


The Effects Of Fluctuations In Federal Revenue Sharing Payments Made To Rural Counties On School District Budgets, Camille Harmer 2019 Utah State University

The Effects Of Fluctuations In Federal Revenue Sharing Payments Made To Rural Counties On School District Budgets, Camille Harmer

All Graduate Theses and Dissertations

Federal revenue sharing programs aim to make up lost tax revenue to counties that contain federal land, as counties do not receive any property tax revenue from publicly owned lands. This may have a significant impact on rural school districts with a limited tax base, as most funding for public education comes from property tax revenue. My analysis seeks to determine the full impact of certain federal revenue sharing payments (paid out by the U.S. Forest Service) on school districts in counties that contain U.S. Forest Service land. My analysis shows that the payments have little impact on ...


Potential Weather Data Anomolies Within The Usda's Pasture Rangeland And Forage Insurance Program, Chad Steven Van Orden 2019 Utah State University

Potential Weather Data Anomolies Within The Usda's Pasture Rangeland And Forage Insurance Program, Chad Steven Van Orden

All Graduate Plan B and other Reports

The purpose of this study is to delve into the functionality of the PRF insurance program. The primary goal is to uncover any underlying anomalies which may inadvertently skew data within the program. Because the USDA uses NOAA’s weather stations regardless of location or timing of activation, it is consequential that the collected precipitation data may be inconsistent across both time and space. This phenomenon could have substantial and significant effects on the RMA’s PRF insurance program, resulting in producers being compensated inaccurately for their insurance claims.


Mutant Neoliberalism: Market Rule And Political Rupture [Table Of Contents], William Callison, Zachary Manfredi 2019 Fordham University

Mutant Neoliberalism: Market Rule And Political Rupture [Table Of Contents], William Callison, Zachary Manfredi

Sociology

Tales of neoliberalism’s death are serially overstated. Following the financial crisis of 2008, neoliberalism was proclaimed a “zombie,” a disgraced ideology that staggered on like an undead monster. After the political ruptures of 2016, commentators were quick to announce “the end” of neoliberalism yet again, pointing to both the global rise of far-right forces and the reinvigoration of democratic socialist politics. But do new political forces sound neoliberalism’s death knell or will they instead catalyze new mutations in its dynamic development?

Mutant Neoliberalism brings together leading scholars of neoliberalism—political theorists, historians, philosophers, anthropologists and sociologists—to rethink ...


Explaining Anabaptist Persistence In The Modern Economy: Past Paradigms And New Institutional Theory, Martin Lutz 2019 The University of Akron

Explaining Anabaptist Persistence In The Modern Economy: Past Paradigms And New Institutional Theory, Martin Lutz

Journal of Amish and Plain Anabaptist Studies

Amish and plain Anabaptist economic research has focused either on the religious ethic in the tradition of Weber—religious convictions drive economic behavior—or the ethnic resources model—resources are mobilized to entrepreneurship. Both approaches (1) neglect the greater market context within which the plain Anabaptists have been embedded since the Early Modern Period, and (2) focus primarily on either early Anabaptism or the late 1900s. This article presents New Institutional Economics Theory as an alternative paradigm which understands people's economic behavior by the institutional contexts they are in. It looks at the World War II economy in the ...


Amish Economic Transformations: New Forms Of Income And Wealth Distribution In A Traditionally “Flat” Community, Amyaz Moledina, David McConnell, Stephanie Sugars, Bailey Conner 2019 The University of Akron

Amish Economic Transformations: New Forms Of Income And Wealth Distribution In A Traditionally “Flat” Community, Amyaz Moledina, David Mcconnell, Stephanie Sugars, Bailey Conner

Journal of Amish and Plain Anabaptist Studies

The basic contours of the Amish economic transformation over the past few decades have been well documented, including the demographic squeeze that pushed many Amish out of farming, their embrace of cottage industries and, to a lesser extent, factory labor, and the social and cultural dilemmas created by successful entrepreneurship. Yet the effects of increasing market entanglement on the distribution of income and assets in Amish communities are still poorly understood. In this exploratory study, we draw on publicly available data from the U.S. Census, the Ohio Amish Directory, and records from real estate transactions to map out the ...


Evaluation Of Per Scholas As An Employee Recruiting Tool For Businesses, Lee Adams, Jing Cai, Janelle Grant, Brad J. Hershbein, Bridget F. Timmeney 2019 W.E. Upjohn Institute

Evaluation Of Per Scholas As An Employee Recruiting Tool For Businesses, Lee Adams, Jing Cai, Janelle Grant, Brad J. Hershbein, Bridget F. Timmeney

Brad J. Hershbein

No abstract provided.


Strengths Of The Social Safety Net In The Great Recession : Supplemental Nutrition Assistance And Unemployment Insurance, Christopher J. O'Leary, David Walter Stevens, Stephen A. Wandner, Michael Wiseman 2019 W.E. Upjohn Institute

Strengths Of The Social Safety Net In The Great Recession : Supplemental Nutrition Assistance And Unemployment Insurance, Christopher J. O'Leary, David Walter Stevens, Stephen A. Wandner, Michael Wiseman

Christopher J. O'Leary

The contributors in this book use administrative data from six states from before, during, and after the Great Recession to gauge the degree to which Supplemental Nutrition Assistance (SNAP) and Unemployment Insurance (UI) interacted. They also recommend ways that the program policies could be altered to better serve those suffering hardship as a result of future economic downturns.


Individual Training Accounts And Nonstandard Work Arrangements, Randall W. Eberts 2019 W.E. Upjohn Institute

Individual Training Accounts And Nonstandard Work Arrangements, Randall W. Eberts

Randall W. Eberts

This paper was commissioned by the Organisation for Economic and Co-operative Development (OECD) to describe the use of Individual Training Accounts (ITAs) under the Workforce Innovation and Opportunity Act and under its predecessor the Workforce Investment Act (WIA). Particular interest is in the use of ITAs by WIOA participants from nonstandard work arrangements. The study provides detailed information about the use of ITAs by participants of the two adult programs under WIOA, Disadvantaged Adult Programs and Dislocated Worker Programs, and in two states, Michigan and Washington. Information for the WIOA programs is gathered and analyzed from the public-use version of ...


The Evolution Of Labor Supply In Egypt From 1988-2018: A Gendered Analysis, Caroline Krafft, Ragui Assaad, Caitlyn Keo 2019 St. Catherine University

The Evolution Of Labor Supply In Egypt From 1988-2018: A Gendered Analysis, Caroline Krafft, Ragui Assaad, Caitlyn Keo

Caroline Krafft, PhD

No abstract provided.


Rural Women In Egypt: Opportunities And Vulnerabilities, Caitlyn Keo, Caroline Krafft, Luca Fedi 2019 St. Catherine University

Rural Women In Egypt: Opportunities And Vulnerabilities, Caitlyn Keo, Caroline Krafft, Luca Fedi

Caroline Krafft, PhD

No abstract provided.


Making Sense Of Incentives: Taming Business Incentives To Promote Prosperity, Timothy J. Bartik 2019 W.E. Upjohn Institute

Making Sense Of Incentives: Taming Business Incentives To Promote Prosperity, Timothy J. Bartik

Timothy J. Bartik

In evaluating incentives, everything depends on the details: how much in incentives it takes to truly cause a firm to locate or expand, the multiplier effects, the effects of jobs on employment rates, how jobs affect tax revenue versus public spending needs. Do benefits of incentives exceed costs? This depends on the details. This book is about those details. What magnitudes of incentive effects are plausible? How do benefits and costs vary with incentive designs? What advice can be given to evaluators? What is an ideal incentive policy? Answering these questions about incentives depends on a model of incentive effects ...


Implications Of Money-Back Guarantees For Individual Retirement Accounts: Protection Then And Now, Vanya Horneff, Daniel Liebler, Raimond Maurer, Olivia S. Mitchell 2019 The Wharton School, Univ. of PA

Implications Of Money-Back Guarantees For Individual Retirement Accounts: Protection Then And Now, Vanya Horneff, Daniel Liebler, Raimond Maurer, Olivia S. Mitchell

Wharton Pension Research Council Working Papers

In the wake of the financial crisis and continued volatility in international capital markets, there is growing interest in mechanisms that can protect people against retirement account volatility. This paper explores the consequences for savers’ wellbeing of implementing market-based retirement account guarantees, using a life cycle consumption and portfolio choice model where investors have access to stocks, bonds, and tax-qualified retirement accounts. We evaluate the case of German Riester plans adopted in 2002, an individual retirement account produce that includes embedded mandatory money-back guarantees. These guarantees influenced participant consumption, saving, and investment behavior in the higher interest rate environment of ...


The Future Of Labor Supply And Demographics In Egypt: Impending Challenges And Untapped Potential, Caroline Krafft, Emma Kettle 2019 St. Catherine University

The Future Of Labor Supply And Demographics In Egypt: Impending Challenges And Untapped Potential, Caroline Krafft, Emma Kettle

Caroline Krafft, PhD

No abstract provided.


Hayfa El Mansur, Nappily Ever After (2018): Chasing Perfection, Lena Cavusoglu 2019 Portland State University

Hayfa El Mansur, Nappily Ever After (2018): Chasing Perfection, Lena Cavusoglu

Markets, Globalization & Development Review

2018 Netflix movie Nappily Ever After voices the relationship of Black women with their natural hair and try to free them from the white beauty ideals imposed by the modern culture. By delving into historical connotations, this film review aims to understand how and why stereotypical narratives about African-American beauty and hair exist in media and shows the societal and psychological consequences of underrepresentation.


At The Nexus Between The National And The Global: The Discursive Construction Of The Turkish Halal Market In The Neoliberal Age, Yesim Kaptan 2019 Kent State University

At The Nexus Between The National And The Global: The Discursive Construction Of The Turkish Halal Market In The Neoliberal Age, Yesim Kaptan

Markets, Globalization & Development Review

This article analyzes a recently emerging halal market in Turkey and illuminates how discursive strategies foster the halal movement in an Islamic culture, and in a neoliberal economy. By exploring websites of the Turkish halal regulatory institutions and employing critical discourse analysis of the media materials, I demonstrate how Islamic actors (halal certification institutions and businesses) adapt, appropriate, and contest different discursive strategies to achieve legitimacy, to compete for distinction and to acquire power in a newly emerging and fiercely competitive, yet a globally defined field in a national economy. The discursive contestations of the actors shaped by the ambivalent ...


More On The Pressing Global Problems, Socially And Ecologically, Deniz Atik, Nikhilesh Dholakia 2019 University of Texas Rio Grande Valley

More On The Pressing Global Problems, Socially And Ecologically, Deniz Atik, Nikhilesh Dholakia

Markets, Globalization & Development Review

No abstract provided.


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