This dissertation addresses two topics on market imperfections. First, chapter
2 presents a theoretical model that focuses on problems associated with informational
asymmetry. The model presents a dynamic signaling game between a monopolist
manufacturer and a monopolist retailer, where demand is uncertain and only the
retailer is privately informed. This...
The thesis presents a useful and effective blend of insights about macroeconomic business fluctuations and the effects of government expenditure in economic growth in Korea.
In Chapter I, I show that the joint behavior of key Korean macroeconomic variables is consistent with traditional Keynesian interpretation of macroeconomic business fluctuations by...
The temporal and spatial distribution of larvae of the cinnabar
moth (Tyria jacobaeae L.) correlates with changes in host plant qualiy.
An observed change in diet preference occurs in the 2nd instar
from low leaves to upper parts of generative plants. Timing of larval
attack and foraging pattern was found...
This dissertation addresses issues of oligopoly markets where advertising plays a prominent role. The first study empirically investigates the effect of advertising regulations on equilibrium consumption of an addictive commodity using U.S. cigarette industry data. The results of the first study show that the advertising regulations reduced cigarette consumption by...
Over the past two decades there has been sharp increase in the demand for English-language skills in India. This led to a rapid expansion of English Medium Schools, more so in the private sector than the public sector. Recent studies have estimated the economic benefits of English-language skills but few...
There is a considerable body of research on the effect of land use regulations on property values. However, less work has been done on the relationships surrounding tax revenue, small zoning changes, and the fiscal outlook of cities and counties. As a result, the purpose of this study is to...
Tax incidence involves the study of the pass-through rate of a tax. For example, does a 1 percent increase in a sales tax on a commodity cause the consumer price to go up by exactly 1 percent (full-shifting), less than 1 percent (under-shifting), or more than 1 percent (over-shifting). Theoretical...
Bitcoin is a digital cryptocurrency, meaning that it is a currency that is not backed by any government, uses cryptography for security and is difficult to counterfeit. Bitcoin’s popularity stems from the fact that it has little regulation and affords some degree of anonymity in transactions. Bitcoin currently has little...