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Essays on the economics of education
(University of Missouri--Columbia, 2013)
[ACCESS RESTRICTED TO THE UNIVERSITY OF MISSOURI AT AUTHOR'S REQUEST.] The first chapter in this dissertation follows a cohort of initially high performing Missouri students from grade-3 through grade-9 and examines which ...
Essays on fluctuations of the crude oil price and the economy
(University of Missouri--Columbia, 2013)
This dissertation studies two major topics related to the crude oil price and the economy. The first topic studied is about the relationship between speculation and the crude oil price and the related implications on the ...
Missouri historical tax summary 1970-2012
(University of Missouri--Columbia, 2013)
This report presents the compiled data from the tax receipts of Missouri residents between the years 1970 and 2012.
Essays on retail pricing
(University of Missouri--Columbia, 2013)
Most empirical literature on Walmart Supercenters quantifies the price effect of Supercenter entries using lower frequency data (annual or monthly) and does not take into account finer geographical detail of retail markets ...
Why Humans Do What They Do: Interdisciplinary Research on Realistic Decision Making
(2010)
MU has enormous potential to be the site of path-breaking interdisciplinary research on the topic of realistic decision making. Not only is this research a basic component of human life science, it also has clear application ...
Information in and market reactions to recommendations from chaebol brokerages
(University of Missouri--Columbia, 2010)
This study examines the pattern of recommendations on companies listed on the Korean Stock Exchange and the response of stock prices to the recommendations. There is evidence that brokerages affiliated with chaebols make ...
A Nonlinear IV Likelihood-Based Rank Test for Multivariate Time Series and Long Panels
(Berkeley Electronic Press, 2010)
A test for the rank of a vector error correction model (VECM) or panel VECM based on the well-known trace test is proposed. The proposed test employs instrumental variables (IV's)generated by a class of nonlinear functions ...
Endogenous Credit Cycles
(Department of Economics, 2010)
We study models of credit with limited commitment, which implies endogenous borrowing constraints. We show that there are multiple stationary equilibria, as well as nonstationary equilibria, including some that display ...
Golden Handcuffs
(Education Next, 2010)
Teacher pensions consume a substantial portion of school budgets. If relatively generous pensions help attract effective teachers, the expense might be justified. But new evidence suggests that current pension systems, by ...
Production, Hidden Action, and the Payment System
(Department of Economics, 2010)
In this paper, we study a model economy that can account for the distribution of payments within a day. In our model, debtors choose when to arrive at the settlement location. Concomitant with choosing their arrival, debtors ...
Long-Term Oil Price Forecasts: A New Perspective on Oil and the Macroeconomy
(Department of Economics, 2010)
We examine how future real GDP growth relates to changes in the forecasted longterm average of discounted real oil prices and to changes in unanticipated fluctuations of real oil prices around the forecasts. Forecasts are ...
Labor-Market Returns to the GED Using Regression Discontinuity Analysis
(Department of Economics, 2010)
In this paper, we evaluate the labor-market returns to General Educational Development (GED) certification using Missouri administrative data. We develop a fuzzy regression discontinuity (FRD) method to account for the ...
Strategic Choice of Channel Structure in an Oligopoly
(Department of Economics, 2011)
The traditional wisdom holds that the benefits of a decentralized channel structure arise from downstream competitive relationships. In contrast, Arya and Mittendorf (2007) showed that the value of decentralization can ...
Estimating Estate-Specific Price-to-Rent Ratios in Shanghai and Shenzhen: A Bayesian Approach
(Department of Economics, 2010)
The price-to-rent ratio, a common yardstick for the value of housing, is difficult to estimate when rental properties are poor substitutes of owner-occupied homes. In this study we estimate price-to-rent ratios of residential ...
Competitive Effects of Mass Customization
(Department of Economics, 2010)
Earlier theoretical literature on mass customization maintains that customization
reduces product differentiation and intensifies price competition. In contrast, operations management studies argue that customization ...
Teacher Compensation and Collective Bargaining
(Elsevier, 2010)
While compensation accounts for roughly 90 percent of K-12 instructional costs, there is little evidence of rational design in these systems. This chapter reviews the nature of teacher compensation systems in developed ...
Network goods, piracy, and firm strategies in the global economy
(University of Missouri--Columbia, 2010)
[ACCESS RESTRICTED TO THE UNIVERSITY OF MISSOURI AT REQUEST OF AUTHOR.] This dissertation investigates network effects and the strategic reactions of firms in international markets. In particular, the reason of cross-country ...
The Role of Industry and Occupation in U.S. Unemployment Differentials by Gender, Race and Ethnicity: Recent Trends
(Department of Economics, 2010)
We examine how gender, racial, and ethnic variation in unemployment and Unemployment Insurance (UI) receipt changed over time in the U.S. economy and how these changes are influenced by shifts in the occupational and ...
Exploring the dynamics of competing risk models for multiple discrete outcomes
(University of Missouri--Columbia, 2010)
[ACCESS RESTRICTED TO THE UNIVERSITY OF MISSOURI AT REQUEST OF AUTHOR.] The objective of this research is to explore the predictive power of the correlated competing risks model in two different economic contexts. In both ...
Econometric methods for improved measures of financial risk
(University of Missouri--Columbia, 2011)
Faced with the current financial crisis, several US and foreign banks and investment firms have failed due to excessive losses. The Value-at-Risk (VaR) was a widely-used risk model that was problematic. We evaluate competing ...