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Essays In Information Economics, Jonathan T. Pogach 2010 University of Pennsylvania

Essays In Information Economics, Jonathan T. Pogach

Publicly Accessible Penn Dissertations

This dissertation is composed of three essays considering the role of private information in economic environments. The first essay considers efficient investments into technologies such as auditing and enforcement systems that are designed to mitigate information and enforcement frictions that impede the provision of first best insurance against income risk. In the model, the principal can choose a level of enforceability that inhibits an agent's ability to renege on the contract and a level of auditing that inhibits his ability to conceal income. The dynamics of the optimal contract imply an endogenous lower bound on the lifetime utility of ...


Essays On The Information Acquisition Of Doubt-Prone Decision Makers, larbi alaoui 2010 University of Pennsylvania

Essays On The Information Acquisition Of Doubt-Prone Decision Makers, Larbi Alaoui

Publicly Accessible Penn Dissertations

There are many situations in which individuals have a choice of whether or not to observe the eventual outcome. In these instances, individuals often prefer to avoid observing the outcome. The standard von Neumann-Morgenstern (vNM) Expected Utility model cannot accommodate these cases, since it does not distinguish between lotteries for which outcomes are observed by the agent and lotteries for which they are not. I develop an axiomatic model that admits preferences for observing the outcome or remaining in doubt. I then use this model to analyze the connection between the agent's attitude towards risk, doubt, and what I ...


Bankruptcy And Transaction Costs In General Financial Models, Matthew Hoelle 2010 University of Pennsylvania

Bankruptcy And Transaction Costs In General Financial Models, Matthew Hoelle

Publicly Accessible Penn Dissertations

General financial models have become workhorse models in the fields of macroeconomics and finance. These models have been developed and extensively studied by general equilibrium theorists. What makes them so applicable for macroeconomics and finance is the well accepted fact that models with a representative agent and without financial frictions yield equilibrium outcomes that are inconsistent with the empirical realities of financial markets. The general financial models are characterized by two main features: heterogeneous agents and financial frictions. The ability of these models to be applied in the fields of macroeconomics and finance in the future depends upon the frontier ...


Impacts Of Southern Sudan Secession: Case Study Of Hawazma Nomads Of Kordofan, Professor Issam A.W. Mohamed 2010 Department of Economics. Al Neelain University, Khartoum, Sudan

Impacts Of Southern Sudan Secession: Case Study Of Hawazma Nomads Of Kordofan, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

Tribal interactions between groups of Southern Kordofan and the Southern provinces of Bahr al Ghazal and Upper Nile are wide and old. The old coexistence habits that previously dominated a one country structure were torn down by a de facto status secession by the Southern region of Sudan. The South Kordofan represents a region where tribal groups live in. Now it represents a region of future candidate for war. The decision of secession of Southern Sudan for independence involved delayed drawing borders and arguments of conflicts on specific regions bordering the two parts of Sudan. In South Kordofan many tribes ...


Homo Economicus: Alive And Diversified In The Economic Research Program, Bradley R. Turner 2010 Syracuse University

Homo Economicus: Alive And Diversified In The Economic Research Program, Bradley R. Turner

Syracuse University Honors Program Capstone Projects

This paper seeks to (1) offer a conceptual overview of the methodology of science research programs (MSRP) of Imre Lakatos; (2) apply the framework of that methodology to the neoclassical theory of Gary S. Becker; and (3) explore a quantitative-driven, atheoretical alternative, which challenges the view that there can be or should be any body of theoretical economics. The MSRP framework is used in an instrumental manner in the pursuit of a lucid and interesting historical analysis. The pros and cons of Becker’s approach are presented in the tradition of instrumentalism, and in light of recent discussion of economics ...


Do Ct Scans Help Prevent Cancer-Related Deaths?, Auyon J. Ghosh 2010 Syracuse University

Do Ct Scans Help Prevent Cancer-Related Deaths?, Auyon J. Ghosh

Syracuse University Honors Program Capstone Projects

This paper uses a region-level estimation approach associated with medical procedures to identify the effectiveness of X-ray Computed Axial Tomography (CT) scans as a diagnostic tool in preventing cancer-related deaths. In order to measure the effects of the CT scan on cancer-related deaths, I use data from both the National Health Interview Survey and the Vital Statistics of the United States. For all four regions, we observe an increase in CT scan use after 1979 or, as illustrated specifically in the figure, from 1975 to 1980. All four regions exhibit marked increases in lung cancer-related deaths, very little fluctuation in ...


On Domains That Admit Well-Behaved Strategy-Proof Social Choice Functions, Shurojit CHATTERJI, Remzi SANVER, Arunava SEN 2010 Singapore Management University

On Domains That Admit Well-Behaved Strategy-Proof Social Choice Functions, Shurojit Chatterji, Remzi Sanver, Arunava Sen

Research Collection School Of Economics

In this paper, we investigate domains that admit “well-behaved” strategy-proof social choice functions. We show that if the number of voters is even, then every domain that satisfies a richness condition and admits an anonymous, tops-only, unanimous and strategy-proof social choice function, must be semi-single-peaked. Conversely every semi-single-peaked domain admits an anonymous, tops-only, unanimous and strategy-proof social choice function. Semi-single-peaked domains are generalizations of single-peaked domains on a tree introduced by Demange (1982


Europe's Welfare - The Lisbon Agenda In A Broad Welfare Perspective (European Outlook). In Dutch: Europa's Welvaart -De Lissabon Agenda In Een Breder Welvaartsperspectief, Henk LM Kox, Harold Creusen, Herman Stolwijk 2010 CPB Netherlands Bureau for Economic Policy Analysis

Europe's Welfare - The Lisbon Agenda In A Broad Welfare Perspective (European Outlook). In Dutch: Europa's Welvaart -De Lissabon Agenda In Een Breder Welvaartsperspectief, Henk Lm Kox, Harold Creusen, Herman Stolwijk

Henk LM Kox

This European Outlook evaluates the results of EU's Lisbon Agenda. The study provides a quantitative analysis of changes in welfare and wellbeing of European citizens over the period 2000-2010. The study not only evaluates the changes in Europe's market sector (production, investment, GDP), but also indicators that measure changes with respect to non-market parts of welfare like natural environment and social-cohesion.


Voluntary Return In The Comprehensive Peace Agreement Of Northern And Southern Sudan, Professor Issam A.W. Mohamed 2010 Department of Economics. Al Neelain University, Khartoum, Sudan

Voluntary Return In The Comprehensive Peace Agreement Of Northern And Southern Sudan, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

The date of South secession is coming soon at the 9th July 2011. However, there is the problem of people from the south who live in the north. Some of them where behaving as natural citezens and had jobs or education or even lived for decades and centuries in the north. Others were internally displaced people, but both are compelled to return to their homes in the south as the Comprehensive Peace Agreement signed by the twp parties, North and South have stressed on. That created inevitable another displacement or uprooting for them and definitely another human tragedy. This paper ...


Reclaiming Prosperity: Repositioning Southern Nevada For The Next Economy, Bruce Katz 2010 Brookings Institute, Vice President; Brookings Metropolitan Policy Program, Founding Director

Reclaiming Prosperity: Repositioning Southern Nevada For The Next Economy, Bruce Katz

Lectures/Events (BMW)

The outlines of the next American economy are coming into focus, yet the future remains uncertain in Southern Nevada as America's newest metropolis labors through a major recession. It is time therefore to get back on track and begin laying the foundation for a new and more durable kind of growth in metropolitan Las Vegas and across the Intermountain West. To help with that, urban visionary Bruce Katz advanced a powerful depiction of the next American economy in a major UNLV lecture and articulated a bold agenda for helping Las Vegas reclaim prosperity in the new era.


Impacts Of Banks' Reserves Restrictions On Macroeconomic Parameters Of Sudan (2007-2009), Professor Issam A.W. Mohamed 2010 Department of Economics. Al Neelain University, Khartoum, Sudan

Impacts Of Banks' Reserves Restrictions On Macroeconomic Parameters Of Sudan (2007-2009), Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

The paper analyzes the impacts of Islamic and conventional Banks reserves' restrictions in Sudan. Comprehensively, those restrictions are necessary for health banks, performance and the viability of the macroeconomic performance in any country. The selected period of the analysis (2007-2009) is vital to study impacts of the Global Financial Crisis on the Sudanese economy. The paper introduces available data on banks institutions, macroeconomic policies and the central Bank of Sudan considering its part on controlling money supply and demand besides drawing policies for banks behaviors. It is conceivable from my conclusions here that there are conflicts between conventional and Islamic ...


Unwrapping The Hot-Toy Problem: An Analysis Of Peak Demand And Price Dispersion In The Holiday Market For Zhu Zhu Pets, John D. Clair 2010 Occidental College

Unwrapping The Hot-Toy Problem: An Analysis Of Peak Demand And Price Dispersion In The Holiday Market For Zhu Zhu Pets, John D. Clair

Economics Student Scholarship

The sold out toy is a recurring theme during the holiday season, so why don’t manufacturers and retailers increase the price of these holiday season sellout products? This work considers whether a larger shortage implies a more elastic demand curve and a smaller opportunity cost to the manufacturer and retailers of maintaining the shortage than might be expected. It does so by using the dispersion of final bid prices on eBay of the Zhu Zhu Pet Hamster Pipsqueak as a measurement of consumer price sensitivity. It also considers whether weekends represent min-demand peaks.


Prediction Markets To Forecast Electricity Demand, Peter Cramton, Luciano de Castro 2010 University of Maryland

Prediction Markets To Forecast Electricity Demand, Peter Cramton, Luciano De Castro

Luciano I. de Castro

Forecasting electricity demand for future years is an essential step in resource planning. A common approach is for the system operator to predict future demand from the estimates of individual distribution companies. However, the predictions thus obtained may be of poor quality, since the reporting incentives are unclear. We propose a prediction market as a form of forecasting future demand for electricity. We describe how to implement a simple prediction market for continuous variables, using only contracts based on binary variables. We also discuss specific issues concerning the implementation of such a market.


Book Review: The Economics Of Services: Development And Policy. By Jan Owen Jansson, Henk LM Kox 2010 CPB Netherlands Bureau for Economic Policy Analysis

Book Review: The Economics Of Services: Development And Policy. By Jan Owen Jansson, Henk Lm Kox

Henk LM Kox

No abstract provided.


A Logica De Acumulação Capitalista E O Racionamento Da Oferta De Crédito, Amilton Bispo dos Reis 2010 Universidade Federal da Bahia

A Logica De Acumulação Capitalista E O Racionamento Da Oferta De Crédito, Amilton Bispo Dos Reis

Amilton Bispo dos Reis

Este texto deriva da dissertação de mestrado do autor - Crédito para MPES: Análise da Experiência Brasileira Recente - e pretende analisar o atendimento à demanda de crédito das micro e pequenas empresas por parte do sistema bancário, enfatizando as peculiaridades do mercado brasileiro, com o objetivo de identificar em que medida esse caso particular se aproxima ou se afasta do padrão geral apresentado no resto do mundo. Parte-se dos conceitos expostos por Marx sobre o desenvolvimento do sistema de crédito, demonstrando a sua importância fundamental no processo de reprodução do capital. Posteriormente, a partir da constatação de que as MPEs não ...


Opinion Polls And Presidential Campaign In Colombia, Fernando Estrada 2010 SelectedWorks

Opinion Polls And Presidential Campaign In Colombia, Fernando Estrada

Fernando Estrada

The polls, these surveys do not withstand any rigorous testing. And contrary to expand the formation of public opinion, impaired. To overcome this defect should propose means fewer surveys and more discussions. Presidential campaigns should seek democratic enlargement, and a less massive media exposure to foot the surveys. Simplify


Determinants Of Housing Prices In Pittsylvania County, Jason Hall 2010 Lynchburg College

Determinants Of Housing Prices In Pittsylvania County, Jason Hall

Undergraduate Theses and Capstone Projects

The purpose of this research is to determine the implicit factors influencing housing prices in Pittsylvania County, a rural county in Southside Virginia. Currently in Pittsylvania County there is a debate over whether or not to mine what is believed to be the largest deposit of uranium in the United States, containing approximately 119 million pounds of uranium ore at an estimated value of $7 billion to $10 billion. The Virginia Coal and Energy Commission issued its final approval for the National Academy of Sciences to study the debate from a socio-economic standpoint. The $1.2 million study is currently ...


The Social Infrastructure And The Civil Institutions In Sudan, Professor Issam A.W. Mohamed 2010 Department of Economics. Al Neelain University, Khartoum, Sudan

The Social Infrastructure And The Civil Institutions In Sudan, Professor Issam A.W. Mohamed

Professor Issam A.W. Mohamed

Contemporary Sudanese society endures many hardships which are manifested in economic retraction, inflation, recession and stagflation. However, social conflicts are also manifested in simple man's daily complaints to open rebellions. Most academicians agree on one point, that the society endures abnormal conditions. The current paper aims delves into a historical context of civil society as a concept in general which originated in the west. Next it displays differences between it and the Sudan supposing that there is unique experience appropriate to the Sudanese state of affairs. Therefore that possibility of creating an appropriate term that fully describes the social ...


Reconstruction Of Concept Of Paradigm In Thomas S. Kuhn, Fernando Estrada 2010 SelectedWorks

Reconstruction Of Concept Of Paradigm In Thomas S. Kuhn, Fernando Estrada

Fernando Estrada

This article aims to discuss an evaluation of the concept of paradigm of T. Kuhn in his representative work: The Structure of Scientific Revolutions ERC, [Ku96] and the complementary version by W. Stegmüller, Structure and dynamics of theories EDT, [Steg83]. This refined interpretation of the concept of paradigm allows for a more complete set of central Kuhnian concept.


Democracy In Dangerous Places: Colombia. Vote With Paramilitary Preferences, Fernando Estrada 2010 SelectedWorks

Democracy In Dangerous Places: Colombia. Vote With Paramilitary Preferences, Fernando Estrada

Fernando Estrada

This paper discusses the problem of paramilitary violence in Colombia and its effects on democracy. The elections were part of the purpose of self defense and constituted a disguised form to retain its drug trafficking economy. The impacts on institutional technology have been negative: representative democracy, the electoral system and voting, they were not the same. With paramilitary violence changed the electoral map in areas contested by the traditional political parties. Voting with paramilitary preferences mean the biggest challenge is constitutional democracy in Colombia.


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