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Accounting For Agent Heterogeneity In Market And Policy Analysis, Konstantinos Giannakas 2019 University of Nebraska-Lincoln

Accounting For Agent Heterogeneity In Market And Policy Analysis, Konstantinos Giannakas

Zea E-Books

doi:10.13014/K2416V8V

This book presents a multi-market framework of market and policy analysis that explicitly accounts for the empirically relevant heterogeneity in consumer preferences and producer characteristics. The explicit consideration of consumer and producer heterogeneity represents a significant departure from the representative consumer and producer that have been at the center of most of the literature on market and policy analysis, and enables the distributional impacts of changes in market conditions and policies to be fully identified. The framework is used to analyze the system-wide market and welfare impacts of a number of changes in market conditions (like ...


Elaborations On Multiattribute Utility Theory Dominance, David L. Vairo 2019 Virginia Commonwealth University

Elaborations On Multiattribute Utility Theory Dominance, David L. Vairo

Theses and Dissertations

ELABORATIONS ON MULTIATTRIBUTE UTILITY THEORY DOMINANCE

By David L. Vairo

A dissertation submitted in partial fulfillment of the requirements for the degree of Doctor of Philosophy at Virginia Commonwealth University.

Virginia Commonwealth University, 2019.

Major Director: Dissertation director’s name, Dr. Jason Merrick, Supply Chain Management and Analytics

Multiattribute Utility Theory (MAUT) is used to structure decisions with more than one factor (attribute) in play. These decisions become complex when the attributes are dependent on one another. Where linear modeling is concerned with how factors are directly related or correlated with each other, MAUT is concerned with how a decision ...


What Drives Merger Waves? A Study Of The Seven Historical Merger Waves In The U.S., Katherine Ching 2019 Claremont Colleges

What Drives Merger Waves? A Study Of The Seven Historical Merger Waves In The U.S., Katherine Ching

Scripps Senior Theses

Historically, merger and acquisition (or M&A) activity has occurred in cyclical patterns, forming what are known as “merger waves.” To date, there have been a total of seven waves. Though it is widely acknowledged that merger waves exist, there is no consensus on what drives these waves. Through both qualitative and quantitative analysis, this paper aims to determine the causes of merger waves and looks at those causes through two different lenses: the neoclassical view, which states that economic shocks cause merger waves, and the behavioral view, which states that increases in merger activity are due to managerial behavior ...


Circadian Variations And Risky Decision Making, Sana Sra 2019 Claremont Colleges

Circadian Variations And Risky Decision Making, Sana Sra

Scripps Senior Theses

Over the past decades, decision making under risk has garnered a great amount of attention both in the field of economics and psychology. Although state-dependent variabilities of risk taking are well-documented, little is known about the effects of a person’s preferred time of day, or chronotype, in risky decision making. Under circumstances of circadian mismatch (e.g., when an “early bird” makes decisions in the evening), research suggests that decision making may reflect a greater reliance on heuristics, such as using stereotypes in social judgments. However, the effects of circadian mismatch on heuristics in risky decision making are relatively ...


Measuring Preferences For Congestion Managment At Rocky Mountain National Park, Nicholas Keim 2019 University of Colorado, Boulder

Measuring Preferences For Congestion Managment At Rocky Mountain National Park, Nicholas Keim

Undergraduate Honors Theses

National parks are faced with contradicting missions that make management of congestion issues difficult. The public believes national parks are a commons, meant for all to enjoy, and therefore stand firmly against any management strategies that have the ability to keep others from visiting. In order for national parks to effectively manage congestion they must have public approval. One solution would be to raise the entrance fee price, though this has already received negative public feedback. Another potential solution is the implementation of reservation systems to replace entrance fees during peak season. A choice experiment with three attributes and two ...


A Hedonic Analysis Of The Impact Of The 2017 Firestone Explosion On The Effect Of Wells On Home Values In Boulder County, Jason Habib 2019 University of Colorado, Boulder

A Hedonic Analysis Of The Impact Of The 2017 Firestone Explosion On The Effect Of Wells On Home Values In Boulder County, Jason Habib

Undergraduate Honors Theses

The use of hydraulic fracturing technology for oil and gas production has rapidly spread across the United States. As fracking production has moved closer to populated regions, concerns have been raised by homeowners and politicians about water contamination, air and noise pollution, and the potential impact of fracking on property values. In this paper, I examine how a deadly 2017 fracking explosion in Firestone, Colorado, impacted the effect of fracking wells on housing values in Boulder County. Using a hedonic pricing model, I control for other factors that influence a home’s price to isolate the effect of fracking wells ...


Do Humans Prioritize Time, Energy, Intensity… Or Something Else Altogether When Making Decisions About Walking On Level Vs. Uphill Surfaces?, Helena Gabrielle Meyer 2019 University of Colorado, Boulder

Do Humans Prioritize Time, Energy, Intensity… Or Something Else Altogether When Making Decisions About Walking On Level Vs. Uphill Surfaces?, Helena Gabrielle Meyer

Undergraduate Honors Theses

During daily life, people walk from one point to another. Sometimes they choose to walk along designated paths; other times they take shortcuts. To determine how humans weigh costs like time, metabolic energy expenditure, and metabolic intensity, I studied subjects making walking decisions about walking up a hill vs. along a level surface for various distances. I hypothesized that subjects would be indifferent to walking uphill at an 8.5% grade vs. on the level when the two options required the same time or the same amount of metabolic energy.

Further, I hypothesized that subjects would walk at speeds such ...


Domestic Violence: The Financial Implications Of Abuse, Yenny Masmela 2019 Seton Hall University

Domestic Violence: The Financial Implications Of Abuse, Yenny Masmela

Petersheim Academic Exposition

No abstract provided.


Patient-Centered Medical Homes And Hospital Value-Based Purchasing: Investigating Provider Responses To Incentives, Lauryn Walker 2019 Virginia Commonwealth University

Patient-Centered Medical Homes And Hospital Value-Based Purchasing: Investigating Provider Responses To Incentives, Lauryn Walker

Theses and Dissertations

Provider incentives are a commonly used policy tool to mold provider behaviors.1 However, while we frequently measure the change in patient outcomes, failure to consistently produce changes in outcomes does not mean that providers are not changing their behavior. This paper focuses on two programs with null or inconsistent quality outcomes to try to identify why such inconsistency occurs. The two programs, both ratified in the Affordable Care Act, are 1) patient-centered medical homes (PCMHs), and 2) the Medicare Hospital Value-Based Purchasing (HVBP) program.

Chapter 1: Using data from the Medical Expenditure Panel survey (MEPS), I match provider characteristic ...


Examining The Utility Of Behavioral Economic Demand In Addiction Science, Justin Charles Strickland 2019 University of Kentucky

Examining The Utility Of Behavioral Economic Demand In Addiction Science, Justin Charles Strickland

Theses and Dissertations--Psychology

The marriage of perspectives from behavioral economic theory and learning theory has the potential to advance an understanding of substance use and substance use disorder. Behavioral economic demand is a central concept to this interdisciplinary approach. Evaluating demand in the laboratory and clinic can improve previous research on the relative reinforcing effects of drugs by accounting for the multi-dimensional nature of reinforcement rather than viewing reinforcement as a unitary construct. Recent advances in the commodity purchase task methodology have further simplified the measurement of demand values in human participants. This dissertation project presents a programmatic series of studies designed to ...


Data Disparity: Tiered Pricing As An Alternative To Consumer Iot Data Privacy Regulations, Matthew LoStocco 2019 University of New Hampshire, Durham

Data Disparity: Tiered Pricing As An Alternative To Consumer Iot Data Privacy Regulations, Matthew Lostocco

Honors Theses and Capstones

In recent years, Internet of Things (IoT) devices have exploded on the consumer scene. These emerging products bring new technological capabilities into our everyday lives. IoT is projected to contribute anywhere from $4-11 trillion to the global economy and companies are investing billions of dollars into the technology. However, with the vast amount of data that IoT devices collect, consumers are burdening the risk of having their personal data breached or sold to third parties. This paper first identifies why consumers may be weary or willing towards providing their personal data and how unconscious biases in the purchasing process cause ...


The Changing Nature Of Work, Leadership, And Organizational Culture In Future Ready Organizations, Saloni Dhir 2019 Claremont Colleges

The Changing Nature Of Work, Leadership, And Organizational Culture In Future Ready Organizations, Saloni Dhir

CMC Senior Theses

Abstract

The relationship between individual and organizational performance is a key challenge for leaders in modern organizations, especially with the current disruption in technology and innovation. This thesis is a literature review and compilation of the relevant empirical evidence on various processes of industrial groups and organizational characteristics such as the changing nature of work, leadership, and company culture in detail. I investigate the complex challenges that millennials and organizations are facing in the current VUCA work environment as well as their potential responses to these changes. I map out the evolution of the concept of work and compare changes ...


Trauma And Religiosity, Abdullah Helal 2019 University of Colorado, Boulder

Trauma And Religiosity, Abdullah Helal

Undergraduate Honors Theses

This research explores the impact of six different adverse life events on religiosity by utilizing a nationally representative dataset of the entire Australian population, combining information on religious importance, religious attendance, and a variety of adverse life events. We exploit the longitudinal dimension of the dataset by using fixed-effects estimations to account for time and individual variations. We found that the importance of religious beliefs increases in response to within the past year occurrence of the death of a friend, death of a relative, and personal injury. Being a victim of physical violence cause a higher increase in the importance ...


Climate Underground: The Effects Of Climate Variability On Groundwater Irrigation, Monica Gronseth 2019 University of Colorado, Boulder

Climate Underground: The Effects Of Climate Variability On Groundwater Irrigation, Monica Gronseth

Undergraduate Honors Theses

This study addresses the question of groundwater use sensitivity to changes in climate. We use county fixed effects models to empirically estimate the effect of climatic changes during the growing season on groundwater use for irrigation. This study uses data from USGS reports on industry water use and weather data from NOAA. We find both precipitation and temperature have a significant effect on groundwater irrigation, with particular prominence in areas with lower annual precipitation on average. These effect estimates are then used to model the effects of climate change on groundwater irrigation by the end of the century. We conclude ...


Monthly Spending Dynamics Of The Elderly Following A Health Shock: Evidence From Singapore, Terence CHENG, Li JING, Rhema VAITHIANATHAN 2019 University of Adelaide

Monthly Spending Dynamics Of The Elderly Following A Health Shock: Evidence From Singapore, Terence Cheng, Li Jing, Rhema Vaithianathan

Research Collection School Of Economics

We use novel longitudinal datafrom 19 monthly waves of the Singapore Life Panel to examine the short-termdynamics of the effects health shocks have on household health and non-healthspending and income by the elderly. The health shocks we study are theoccurrence of new major conditions such as cancer, heart problems, and minorconditions (e.g. diabetes, and hypertension). Our empirical strategy exploits unanticipated changesin health status through the diagnosis of new health conditions, combined withan individual fixed effect framework. We find that major shocks have large and persistent effects while minorshocks have small and mainly contemporaneous effects. We find that householdincome reduces ...


The Fight-Or-Flight Response To The Joneses And Income Inequality, Richard C. Barnett, Joydeep Bhattacharya, Helle Bunzel 2018 Drexel University

The Fight-Or-Flight Response To The Joneses And Income Inequality, Richard C. Barnett, Joydeep Bhattacharya, Helle Bunzel

Economics Working Papers

This paper studies the fight-or-flight ambivalence people show
towards the success of the proverbial Joneses. If an agent cares about
leisure and his consumption relative to a benchmark set by the Joneses, his
preferences display the keeping-up-with-the-Joneses (KUJ) property if an
increase in the benchmark urges him to substitute away from leisure into
work, allowing him to finance more consumption; the opposite is labeled
running-away-from-the-Joneses (RAJ). The long literature, thus far, finds a)
if any agent's behavior displays KUJ (or RAJ), everyone's will, or b) if an
agent displays KUJ (or RAJ) in one portion of the consumption ...


Why Trust Out-Groups? The Role Of Punishment Under Uncertainty, Xiaofei Pan, Daniel Houser 2018 Bryant University

Why Trust Out-Groups? The Role Of Punishment Under Uncertainty, Xiaofei Pan, Daniel Houser

Economics Faculty Journal Articles

We conducted a hidden-effort trust game, in which we assigned subjects to one of two groups. The groups, which were formed through two different group formation processes, included a “social” group that required sharing and exchange among its members, and a “non-social” group that did not. Once assigned, subjects participated in the game with members from both groups, either with or without the opportunity to punish a trustee who may have defected on them. We found that for investors in the non-social group, the opportunity to punish a trustee worked to promote trust, but only when the trustee was a ...


Intergenerational Debt Dynamics Without Tears, Torben M. Andersen, Joydeep Bhattacharya 2018 University of Aarhus

Intergenerational Debt Dynamics Without Tears, Torben M. Andersen, Joydeep Bhattacharya

Economics Working Papers

Governments, motivated by a desire to improve upon long-run laissez faire, routinely undertake enduring, productive expenditures, say, in public education, that generate positive externalities across cohorts but require investments be made up front. If everyone after the policy is initiated is at least as happy as before and there are some outstanding resources, the Hicks-Kaldor efficiency rule suggests that the present value of these resources could, hypothetically, be distributed to future generations creating the potential for generational Pareto improvement. The literature recognizes the challenge in constructing a policy that is actually Pareto-improving since the policy itself may generate general-equilibrium gains ...


The Big Spenddown: Digital Investment Advice And Decumulation, Steven Polansky, Peter Chandler, Gary R. Mottola 2018 FINRA

The Big Spenddown: Digital Investment Advice And Decumulation, Steven Polansky, Peter Chandler, Gary R. Mottola

Wharton Pension Research Council Working Papers

Digital investment advice providers have traditionally focused on the process of assets accumulation. But as Baby Boomers and Gen Xers age, they will need to shift from accumulation to decumulation, and there is less agreement about how to manage payouts during retirement. This chapter provides on overview of digital investment advice in the U.S., explores how digital advice providers are thinking about and executing decumulation strategies, identifies challenges they face, and discusses how these decumulation strategies could affect investors.


"Integrated Science 3002a: Big Bike Giveaway: Changing London's Environment, Health, And Economy One Bike At A Time", Jermiah Joseph, Katelyn Melo, Devanshi Shukla, Tony Nguyen, Katherine Teeter 2018 Western University

"Integrated Science 3002a: Big Bike Giveaway: Changing London's Environment, Health, And Economy One Bike At A Time", Jermiah Joseph, Katelyn Melo, Devanshi Shukla, Tony Nguyen, Katherine Teeter

Community Engaged Learning Final Projects

There are significant benefits that manifest when an individual chooses to ride a bicycle as their primary mode of transportation. To investigate these benefits, the environmental, health, economic, and social impacts of biking were evaluated through research and data analyses. This revealed that numerous advantages can be obtained at an individual and local scale through citizens choosing to adopt a biking lifestyle. However, it was found that many Londoners are deterred from biking due to poor biking infrastructure. This paper calls into question the current cycling framework in London and it’s limitations on achieving the numerous benefits that biking ...


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