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...
The Bolivian government is using a portion of the rent generated from its fossil fuel reserves to fund unconditional cash transfers as a means of redistributing resources. Although some countries have enacted conditional cash transfers in the past, these unconditional transfers are unique since they only have been implemented in...
The negative effects of poverty on childhood academic outcomes are well documented by current research. Children in poverty experience pronounced positive effects of familial involvement on these same academic outcomes. Unfortunately children in poverty experience low levels of familial involvement. Current familial involvement policy is centered in the school environment....
This essay evaluates the effectiveness of NGO strategies to promote program sustainability using a case study of two NGOs that install biosand water filters in Cambodia. While the ownership-focused strategy of cost-sharing is the most commonly used and studied, there is evidence to suggest that certain more neglected strategies can...
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 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...
Noise is an environmental issue uniquely harmful to public welfare but essential to a well-functioning modern economy. Given the prevalence of noise especially in urban soundscapes, noise pollution has been recognized as a negative externality and an environmental stressor and thus has become an issue in public policy. Yet, as...
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....
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...
Electricity is a vital energy source for modern life, and is used in almost every aspect of daily life. United States electricity consumption totaled nearly 3,886,403 gigawatt hours in 2011. Residential electricity consumption accounts for 37 percent of total electricity consumption in the United States. Between 1990 and 2007, the...