In this essay I investigate the effect of United States March 2018 steel tariffs on producers’ capital. I use intertemporal event study methodology to appraise the effect of announcement of the tariffs on March 01, 2018 on the stock returns of major US steel companies listed at New York Stock...
America is said to be the land of the free and the home of the brave. With the unfair treatment of people of color in this country, however, one would believe that somewhere in the fine print, they were excluded from that phrase. The very foundation of this country was...
This dissertation focuses on the behavior of security returns around certain events that occurred in the Saudi stock market. In the first study, we measure and analyze the reaction of security returns around a major horizontal merger that occurred in the banking industry in Saudi Arabia. The objective of this...
Public education in the United States is fundamental to future economic performance. The attention paid to public education institutions generally revolves around school districts, state education agencies, and the role of the federal government. However, an often overlooked cog is the educational service agency. Known in Oregon and Washington as...
This dissertation addresses issues concerning the behavior of firms, which has significant effects on performance. In the first study, we empirically investigate the effect of the reduction in number of firms on price competition in the U.S. macro-brewing industry. The number of macro brewing firms decreased from 766 in 1935...
The purpose of this study is to analyze the possibility of political influence
upon the Department of Justice merger decisions within the brewing industry.
Political preference was measured by the congressional ratings of a liberal
political action committee, The Americans for Democratic Action (ADA), thus
giving a liberalness score. Regressions...
This study provides the model that first synthesizes strategic group
theory with the New Empirical Industrial Organization (NEIO) approach in
the international trade analysis, and uses the annual group data (1953-1988) from the U.S. brewing industry with two strategic groups (national
producers and regional producers) in the presence of growing...
This study estimates the welfare effects of cigarette advertising using the framework
posited by Becker and Murphy (1993). This model exposes previously unaccounted
benefits of cigarette advertising and allows for conventional social welfare estimation by
assimilating the theory of advertising into the general theory of complements. The policy
implications of...
This paper presents a model of the determination of excise tax rates by studying the
substantial variation in the state excise taxes in the U.S. brewing industry. Two
approaches are used. First, assuming that the government is only interested in the public
interest, a socially optimal tax rate is derived....
This dissertation addresses three topics on information economics. Generally, information is not perfect or costless as classical economics assumes. Thus, a consumer searches information at his cost or a seller provides information at his cost. First, chapter 2 presents a theoretical model where a consumer searches for local brand information....