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Essays on Applied Microeconomics by John Michael Lynham Pdf
Microeconomics is fundamentally about agents who have preferences, form expectations and face constraints (Manski, 2001). This dissertation explores each mechanism in three very different contexts. The first chapter focuses on expectations, the second on preferences and the third on constraints. The three different contexts are diving for sea urchins, gambling on weight loss and studying at the library.
Applied Microeconomic Theory by Buford Curtis Eaton Pdf
The author's most important papers in a number of areas of applied microeconomic theory, many previously presented as articles in various journals during the 1970s-1990s, are collected here under categories of strategic behavior, efficiency wages, and applied price theory. Specific subjects include the durability of capital as a barrier to entry, agent compensation and the limits of bonding, and supporting collusion by choice of inferior technologies. Other topics covered are the economy of high wages, technology-trading coalitions in supergames, and the geometry of supply, demand, and competitive market structure with economies of scope. Eaton teaches economics at the University of Calgary, Canada. This work lacks a subject index. Annotation copyrighted by Book News, Inc., Portland, OR
Incentives in Financial and Behavioral Economics by Florian Hett Pdf
This thesis deals with the empirical identification of incentive effects in various settings.The central chapter looks at the financial crisis of 2007-2009 and the incentive effects caused by policy interventions in financial markets. A hypothesis controversially discussed by academics as well as policy makers is that public bailouts for banks destroy market discipline, that is the incentives for decentralized monitoring by market participants. In turn, this might induce stronger risk-taking by banks and finally make future crises more likely and severe. The thesis describes a new methodology to identify this effect and shows that market discipline strongly deteriorated during the crisis period. In additional chapters, this thesis empirically identifies incentive effects in dynamic contest situations.
Essays in Applied Microeconomics by Kegon Teng Kok Tan Pdf
This is a collection of essays in applied microeconomics. The first chapter explores late life savings behavior, the second examines the effects of housing voucher policies, and the third provides evidence that nurture effects of both cognitive and non-cognitive skills are large. Chapter 1 is joint with Siha Lee. Bequests may be a key driver of late life savings behavior and, more broadly, a determinant of intergenerational inequality. However, distinguishing bequest motives from precautionary savings is challenging. Using the Health and Retirement Study, we exploit an unanticipated change in Social Security benefits, commonly called the Social Security Notch, as an instrument to identify the effect of benefits on bequests. We show that an increase in benefits leads to a sizable increase in bequest amounts. We combine our instrumental variable estimates with a model of late life savings behavior that accounts for mortality risk and unobserved expenditure shocks to identify bequest motives. Chapter 2 is joint work with Morris Davis, Jesse Gregory, and Daniel Hartley. We study how households choose neighborhoods, how neighborhoods affect child ability, and how housing vouchers influence neighborhood choices and child outcomes. We use two new panel datasets with tract-level detail for Los Angeles county to estimate a dynamic model of optimal tract-level location choice for renting households and, separately, the impact of living in a given tract on child test scores (which we call "child ability" throughout). We simulate optimal location choices and changes in child ability of the poorest households in our sample under various housing-voucher policies. Chapter 3 is joint work with Jiaming Soh. While many studies have shown that parental skills are important for child outcomes, whether this derives from non-genetic mechanisms is less clear. We investigate the nurture effects of parental cognitive and socio-emotional skills in producing college attainment of offspring, modelling socio-emotional skills as latent factors based on the Big Five taxonomy of personality. By studying a sample of adopted children whose parents are respondents of the Wisconsin Longitudinal Study, we estimate non-genetic effects of parental skills on college attainment and find that they are sizeable.
Social, Methods, and Microeconomics by Frederic S. Lee Pdf
This book consists of ten essays which speak to doing economics better. Includes an essay on social ecological economics Features an essay on the creation of money that arises not from markets but from holy debts to deities - a very provocative essay Includes an essay on Emily Balch, the first and only economist to get a Nobel prize
Microeconomic Analysis (Routledge Revivals) by David Currie,David Peel,Will Peters Pdf
First published in 1981, this book brings together a collection of essays on microeconomics and development presented at the conference of the Association of University Teachers of Economics. Topics covered include the intergenerational transfer of economic inequality, a review of the recent development in the theory of equity in the economy’s distribution and production process, labour and unemployment, market structure and international trade, taxation and the public sector, Third World industrialisation and Indian agriculture. This book will be of interest to students of Economics and Development Studies.
