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UMKC Conservatory Students and Their Work: Research Findings
(2015)
The initiative for UMKC’s Downtown Campus for the Arts presents a unique opportunity for radical change in Conservatory and Conservatory library spaces and services. To inform planning of the new campus and its library, a ...
A Measure of Media Bias
(Department of Economics, 2005)
In this paper we estimate ADA (Americans for Democratic Action) scores for major media outlets such as the New York Times, USA Today, Fox News' Special Report, and all three network television news shows. Our estimates ...
Extracting a Common Stochastic Trend: Theory with Some Applications
(Department of Economics, 2008)
This paper investigates the statistical properties of estimators of the parameters and unobserved series for state space models with integrated time series. In particular, we derive the full asymptotic results for maximum ...
High Corruption Income in Ming and Qing China
(Department of Economics, 2005)
We develop an economic model that explains historical data on government corruption in Ming and Qing China. In our model, officials' extensive powers result in corrupt income matching land's share in output. We estimate ...
An Experimental Study of the Effects of Inequality and Relative Deprivation on Trusting Behavior
(Department of Economics, 2005)
Several non-experimental studies report that income inequality and other forms of population-based heterogeneity reduce levels of trust in society. However, recent work by Glaeser et al. (2000) calls into question the ...
State Social Capital and Individual Health Status
(Department of Economics, 2004)
Recent studies have found that two state-level measures of social capital, average levels of civic participation and trust, are associated with improvements in individual health status. In this study we employ these measures, ...
Optimal Commodity Taxation When Land and Structures Must Be Taxed at the Same Rate
(Department of Economics, 2005)
We show that the optimal property tax rate rises with the ratio of land rents to structure and land development costs. California's high ratio of income to property tax revenue and the distribution of Federal housing ...
TELRIC Pricing with Vintage Capital
(Department of Economics, 2001)
This paper studies the effect of technical progress on competitive equilibrium prices in a formal dynamic setting that includes the dynamic effects of business income taxes. The model is designed to facilitate comparison ...
A Role for Sunspots in Explaining Endogenous Fluctutations in Illegal Immigration
(Department of Economics, 2003)
In this paper we provide an alternative explanation for why illegal immigration can exhibit substantial fluctuations despite a constant wage gap. We develop a model economy in which migrants make decisions in the face of ...
Alternative Bayesian Estimators for Vector-Autoregressive Models
(Department of Economics, 2002)
This paper compares frequentist risks of several Bayesian estimators of the VAR lag parameters and covariance matrix under alternative priors. With the constant prior on the VAR lag parameters, the asymmetric LINEX estimator ...
Price Uncertainty and Consumer Welfare in an Intertemporal Setting
(Department of Economics, 2000)
In this paper we examine how increases in intertemporal price uncertainty affect the welfare of a consumer. In the preference structure of the consumer the coefficient of relative risk aversion and the elasticity of ...
Incentives for Sabotage in Vertically Related Industries
(Department of Economics, 2004)
We show that the incentives a vertically integrated supplier may have to disadvantage or "sabotage" the activities of downstream rivals vary with both the type of sabotage and the nature of downstream competition. ...
Crony Capitalism and Financial System Stability
(Department of Economics, 2001)
With the Asian financial crises, people identified crony relationships as the ultimate cause of bank instability. We examine the issue of crony capitalism in the context of model economy in which cronies are a class of ...
Low-Income and Welfare Client Priorities: Patterns of Earnings and Welfare Receipt for Workforce Investment Act Participants
(Department of Economics, 2003)
This paper examines labor market and welfare experiences of participants in Workforce Investment Act (WIA) programs who exited in July 2000-June 2001. Administrative data from six states on earnings and welfare receipt are ...
Exact FGLS Asymptotics for MA Errors
(Department of Economics, 2004)
We show under very parsimonious assumptions that FGLS and GLS are asymptotically equivalent when errors follow an invertible MA(1) process. Although the linear regression model with MA errors has been studied for many ...
Using State Administrative Data to Measure Program Performance
(Department of Economics, 2006)
We use administrative data from Missouri to examine the sensitivity of earnings impact estimates for a job training program based on alternative nonexperimental methods. We consider regression adjustment, Mahalanobis ...
The Effects of Welfare-to-Work Program Activities on Labor Market Outcomes
(Department of Economics, 2006)
Studies examining welfare-to-work program effectiveness present mixed and sometimes discrepant findings, partly due to research design, data, and methodological limitations. Using administrative data on Missouri and North ...
Information Aggregation in Auctions with an Unknown Number of Bidders
(Department of Economics, 2005)
Information aggregation, a key concern for uniform-price, common-value auctions with many bidders, has been characterized in models where bidders know exactly how many rivals they face. A model allowing for uncertainty ...
Is Teacher Pay “Adequate”?
(Department of Economics, 2005)
In school finance lawsuits plaintiffs often claim that pay levels are not sufficient to recruit teachers who can deliver constitutionally-mandated levels of educational services. In this paper I consider several ways in ...
Estimating the Impact of State Policies and Institutions with Mixed-Level Data
(Department of Economics, 2006)
Researchers often seek to understand the effects of state policies or institutions on individual behavior or other outcomes in sub-state-level observational units (e.g., election results in state legislative districts). ...