During the 1970’s the United States experienced several periods of high inflation that have been at least partially attributed to positive oil price shocks. The effectiveness of the Organization of Petroleum Exporting Countries at controlling the price of oil has varied over time, as well as the responsiveness of U.S....
This paper investigates the potential welfare gains resulting from variable parking fees in the presence of heterogeneous agents. We begin by defining a modified linear city model with two lots located at separate distances from a central business district, and two types of agents with heterogeneous values of time. Agents...
We explore the limitations of the CRRA utility speci cation as applied
to cake-eating problems. We construct a set of conditions under which cake-
eating problems have no optimal solution. Furthermore, we explore how agents
choose their consumption path when an optimization problem has no solution,
and suggest a method...
A considerable amount of research and literature exists that attempt to explain the policymaking processes of central banks and, in particular, the Federal Reserve Bank (FRB). As with those studies, the purpose of this study is to explain FRB policymaking in order to understand FRB policy shifts during financial crises....
We examine the stability under learning (E-stability) of sunspot equilibria
in non-convex real business cycle models. The production technology is Cobb-
Douglas with externalities generated by factor inputs. We establish that, with a
general utility function, the well-known Benhabib-Farmer condition (Benhabib
and Farmer, 1994) – that the labor-demand curve is...
Empirical evidence indicates that environmental fluctuations have important effects on fisheries production. However, existing analytical solutions of stochastic fisheries models have been produced only under highly simplified economic and biological conditions. The main contribution of this paper is to derive under general conditions a policy function for the management of...
Increased efficiency of household energy-using appliances effectively lowers the price of the services these devices provide. Basic consumer theory predicts that ceteris paribus, these lower prices will increase usage, thus making the effect on total energy demand ambiguous. In the literature, this phenomenon
has been called the rebound effect. In...
Two essays are focused on crop choice and the growth of corn production in
the Corn Belt and surrounding areas. The first essay develops a partially
degenerate nested logit model to examine the effect of price islands and local
ethanol capacity on corn production and crop mix. The primary data...
This paper empirically examines the effects of population aging on international trade using a cross-country panel data set for a select group of 22 OECD countries. Other recent studies have examined the effects of population age on other economic variables such as growth, savings, and investment but none till now...
This dissertation consists of two essays that address behavioral economics issues.
In first chapter we analyze the effects of psychological pressure on performance using National Basketball Association (NBA) free throw data from the 2002-2003 through 2009-2010 seasons. We find evidence that players choke under pressure – they shoot on average...
This thesis is devoted to determining structure results on a group relative to a subgroup, using information about the kernel of the boundary map of associated free resolutions. If Y is a CW-complex with homotopy type K(G,1) then for n ≥ 2 the nth skeletal homotopy module, hn(Y ) =...
This dissertation is about statistical methods for data analysis using generalized linear mixed models (GLMMs) with censored covariates. Special attention in given to the particular problem of inference about age-specific reproductive success in wild animal populations using some animals with known ages and some animals with ages only known to...
This dissertation investigates the effect of endogenous and exogenous events on firm behavior and performance. These are fundamental questions in economics. The contribution of this study is threefold. First, it provides estimates of the impact of mergers on railroad efficiency, which has important antitrust implications. Second, it provides new estimates...
This study explores No Child Left Behind's required timetable for English language learners (ELLs) to reach English language proficiency within five years, as outlined in the Annual Measurable Achievement Outcomes (AMAOs), despite the lack of research evidence to support this as a reasonable expectation. Analysis was conducted on the archived...
Environmental quality and the spatial distribution of economic activities affect each other in many ways. The primary purpose of this dissertation is to contribute to understanding the complex interrelationship and its policy implications. This dissertation consists of three essays.
The first essay examines the roles that locational amenities and increasing...
The purpose of this study was to address the implementation fidelity of one part of a professional development model developed by the Northwest Regional Educational Laboratory (NWREL). Specifically, this research investigates middle school teachers’ use of a formative feedback guide developed by NWREL staff, examining the reliability with which teachers...
Two essays are focused on semiparametric econometric methods. The first essay investigates applicability of the smooth back tting estimator (SBE) to statistical analysis of residential energy consumption. The second essay attempts to incorporate additivity restrictions into semiparametric stochastic frontier estimation. The procedure described in the first study is used to...
This thesis is an account of my investigation on the natural products deriving from various marine algae and has resulted in the discovery of thirteen novel bioactive metabolites. Isolation and characterization of these unique molecules were carried out using different chromatographic techniques and by careful analyses of 1D and 2D...
This paper shows the first autocorrelation of basketball shot results is a highly biased
and inconsistent estimator of the first autocorrelation of the ex ante probabilities the
shots are made. Shot result autocorrelation is close to zero even when shot probability
autocorrelation is close to one. The bias is caused...
In this study, I test for tacit collusion in retail gasoline markets by testing for sticky downward pricing and price leadership. Using an extensive dataset consisting of twenty-five gasoline markets located in the greater Willamette Valley region of Oregon, I find evidence of sticky downward pricing in every market. I...