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...
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...
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...
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...
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...
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...
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...