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This dissertation consists of three essays that apply both economic theory and econometric methods to understand design and dynamics of institutions. In particular, it studies how institutions aggregate information and deal with uncertainty and attempts to derive implications for optimal...
Persistent link: https://www.econbiz.de/10009429384
Unchecked anthropogenic climate change has the potential to destroy human lives and wealth on an unprecedented scale. This dissertation analyzes from an economic perspective various public policy options to correct the market failures caused by climate change.The widespread adoption of...
Persistent link: https://www.econbiz.de/10009429397
Nutrients are the number one water pollution problem for U.S. lakes, reservoirs, and ponds. Excessive nutrients, such as nitrogen and phosphorus, lead to eutrophication, a condition that can include low oxygen levels, noxious algal blooms, and fish kills. Since eutrophication is a condition that...
Persistent link: https://www.econbiz.de/10009475372
Advertising expenses have been deductible ever since the income tax was enacted in 1913. Over the years, however, a number of analysts have questioned advertising's tax status. According to some, advertising creates intangible capital and should, therefore, be capitalized and amortized like...
Persistent link: https://www.econbiz.de/10009450752
Landfill gas (LFG) projects use the gas created from decomposing waste, which is approximately 49% methane, and substitute it for natural gas in engines, boilers, turbines, and other technologies to produce energy or heat. The projects are beneficial in terms of increased safety at the landfill,...
Persistent link: https://www.econbiz.de/10009450763
sensitivity of production to annual weather variability. In addition to defining what it means for a sector to be sensitive to … included. In order to estimate the aggregate sensitivity of the U.S. economy to weather, Monte-Carlo simulation of the four …
Persistent link: https://www.econbiz.de/10009466143
Sensitivity and specificity are common measures of the accuracy of a diagnostic test. The usual estimators of these …, possibly depending on the result of the diagnostic test and other characteristics of the subjects. Estimators of sensitivity … connecting the (sensitivity, 1? specificity) points at each cutpoint of the test using step functions and/or line segments. This …
Persistent link: https://www.econbiz.de/10009482975