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Author Archives: Matthew Eggleston
Strategic Behavior in Online Auctions: An Analysis of Sniping
by Claudia Lai Abstract Sniping is a prevalent phenomenon in eBay auctions, which have a fixed end time. Such practice seems apparently inconsistent with standard auction theory – last minute bids are received with reduced probability, and should rationally be submitted earlier – yet previous literature has shown that bidders typically do not engage in […]
Maternal Labor Decisions and the Effects on Adolescent Risky Behavior
by Stephen M. LaFata Abstract This paper examines the effects of maternal employment on the decisions of adolescents to engage in risky behavior. I attempt to control for possible endogeneity of maternal employment by implementing instrumental variables. Ultimately, except for low SES families, maternal labor is found to have no statistically significant effects on adolescent […]
Book-building versus Auctions: An investigation into which IPO pricing and selling method more effectively promotes the aims of an IPO issuer
by Amrith Krushnakumaar Abstract In recent years, book-building has emerged as a method of choice among investment banks in the U.S and around the world for pricing and selling initial public offerings (IPOs). Proponents of the book-building method argue that discriminatory share allocations, the pooling of IPOs and other standard book-building practices price new shares […]
Multi-Variable Regression Analysis For the Prediction of Equity Returns Over 10 Year Periods
by Arjun Singh Jaswal Abstract The use of 5 variables is examined in order to forecast ex ante the total return from holding equities over 10 year periods. The 5 variables are a moving average of Campbell and Shiller’s P/E ratio, Robert B. Barsky and J. Bradford De Long’s log price predictor, a function of […]
A Case Study on the Informational Role of Futures Markets: Can Weather Futures Forecast Electricity Consumption?
by Ying Chiat Ho Abstract This paper provides a case study on the informational role of futures prices by investigating the ability of Cooling Degree Day (CDD) futures prices to forecast electricity consumption for New York State. I develop a cross-sectional model relating electricity consumption with the cumulative CDDs in a month for New York […]
How Do Campaign Contributions from Pharmaceutical Manufacturers Influence Senators’ Policy Decisions?
by Ashlyn Hankey Abstract This paper examines the influence of the main interest groups in the debate over amending Section 936 of bill HR 4210, a bill that grants tax credits to American manufacturers with sites in Puerto Rico. The amendment proposed to place stipulations on the pharmaceutical manufacturers’ eligibility for the credit to lower […]
A Superstar Dreaming: An economic analysis of the Aboriginal Desert Paintings Market
by Karen Francis Abstract Two artists each have total auction sales greater than AU$10 million in a single decade. In that same market and decade, over 20% of painters failed to sell a single painting offered at auction. There is no question that superstars dominate the Aboriginal Desert Paintings Market (ADPM) in Australia. But what […]
Assessing the Performance of Actively Managed Global Funds
by Luyuan Fan Abstract It has been widely debated whether managed funds outperform their index counterparts. Many scholars have carried out empirical testing for U.S. managed funds, but few have examined global funds. This study compares the total returns and risk-adjusted returns for 29 largest global funds with that of a basket of Vanguard indexes […]
Congressional Voting on the Secure Fence Act of 2006: Political Posturing Overshadows Campaign Contributions
by Simon Alexander Blank Abstract This study examines the determinants of voting on the 2006 Secure Fence Act in the U.S. House of Representatives. First, a simultaneous probit-Tobit model is used to account for the endogenous nature of campaign contributions. It reveals five significant determinants of campaign contributions from Agribusiness—political ideology, membership on the Committee […]
