Reel Representation: The Economic Impact of Gender on Bollywood Box Office Revenue
by Sidharth Ravi
Abstract
The Hindi Film Industry, known as Bollywood, is seen as a gatekeeper of Indian culture.
Annually thousands of films are produced, half a million workers across India are
employed and millions in revenue is created. Although Bollywood has ensured increased
employment and wage opportunities for women on and off screen, the overall
representation of women remains severely low. Little is known about their impact on
Bollywood’s film revenue. This study uses a novel dataset to estimate the impact of
female representation on Bollywood revenue from 2009-2019. We apply a traditional
linear regression and use a ratio of female to male characters in a film’s cast as a proxy
for female representation. Results indicate there is not a significant relationship between
an increased female cast composition on box office performance. To check for the diverse
impact of star power, I analyzed the gender makeup of the movie star in a film, finding
this to have a significant impact on box office revenue. In addition, there is a significant
effect of production budgets and genre on box office performance.
Professor Genna Miller, Faculty Advisor
Professor Grace Kim, Seminar Advisor
JEL Codes: L820, F63, J16, Z11
Keywords: Film Economics, Bollywood, Gender, Female Representation
Medicaid Managed Care and Emergency Department Utilization: A North Carolina Analysis
by Temitope Ayokunmi Ojo
Abstract
In July 2021, North Carolina Medicaid switched from a traditional fee-for-service model to a Medicaid managed care (MMC) network. This thesis explores the effect of this policy change on Emergency Department (ED) utilization for Medicaid beneficiaries in North Carolina. A linear difference-in-difference model was used to estimate the change in ED visits between the treatment group, Medicaid beneficiaries, and two control groups, non-Medicaid 19–64-year-olds and 65+ NC residents. The results indicate a statistically significant decline in ED visits, about 11% decline from pre-policy visit rates, for Medicaid beneficiaries after the mandatory switch to managed care. The reduction in visits was most persistent for those related to chronic condition treatment. Furthermore, we find evidence consistent with both medical care disruption and better management of health as drivers of the decline in ED visits. Determining the cause of these patterns should be explored by deeper analyses of trends in other healthcare delivery avenues (i.e. PCP appointments or hospital admissions) post-policy implementation.
Professor M. Kate Bundorf, Faculty Advisor
Professor Grace Kim, Seminar Advisor
JEL Codes: I11, I13, I18
Keywords: Medicaid, Insurance, Emergency Department
The Impact of Land Use Restriction on Housing Supply and Urban Form
by Brendan Patrick Elliott
Abstract
Rising home prices have led to public concern regarding housing affordability and availability. Interest in the role that land use regulations may play in reducing housing availability has been of increasing interest. While many of these regulations were initially implemented to preserve neighborhood character and promote sustainable growth, many contend that these regulations have the unintentional consequence of restricting supply and raising housing costs. Previous literature typically studies the impacts of land use regulation in individual cities or metropolitan areas, but questions remain whether these results can generalize to other cities across the country. Utilizing a two-time period panel dataset on city-level regulations across the nation, I assess whether minimum lot size, project approval delays, and impact fees cause a reduction in housing availability across cities. In most cases, increased levels of these regulations reduce housing availability in jurisdictions of medium to high population density whereas results are insignificant for jurisdictions of low population density.
Professor Grace Kim, Faculty Advisor
JEL Codes: R14; R31; R38
Keywords: Land Use, Zoning, Housing Supply
The Impact of Quiet Zone Implementation on Accident Incidence at Highway-rail Grade Crossings
by Jack Duhon
Abstract
In the last five years, (2019-2023) there have been 10,704 accidents
at highway-rail grade crossings (HRGCs) in the United States, resulting
in 3,859 injuries and 1,233 fatalities. This paper seeks to address impact
of quiet zones, where trains are not allowed to blow their horns before
going through a crossing, on HRGC safety in the United States. Using
a two-way fixed effects model, we find evidence of quiet zones increasing
accident incidence and accident severity, in some instances at a level far
higher than believed by the Federal Railroad Administration.
Professor Jeff DeSimone, Faculty Advisor
Professor Grace Kim, Faculty Advisor
JEL Codes: L92; L98; R41
Keywords: Accident, Railroad, Quiet Zone
Email for Access to Data
RadioWaves and Ballot Boxes: How Conservative Broadcasting Influenced Southern Electoral Behavior
by Ian Carlson Bailey
Abstract
This study examines how conservative talk radio influenced electoral behavior in the American South during the postwar era. Focusing on Carl McIntire’s “Twentieth Century Reformation Hour” program, I exploit exogenous variation in radio signal strength driven by topographical differences to identify causal effects on voting patterns. Using a novel dataset combining archival records with technical broadcasting data, I find that exposure to McIntire’s broadcasts significantly reduced support for Democratic presidential candidate John F. Kennedy in the 1960 election by 1.4 percentage points while increasing Republican candidate Richard Nixon’s vote share by 0.9 percentage points, with negligible effects on voter turnout. These effects were strongest in counties with the lowest proportions of Protestant residents, suggesting a ceiling effect in areas already predisposed toward conservatism. Furthermore, exposure to McIntire’s program increased the probability Democratic congressmen would vote against Kennedy’s 1962 Trade Expansion Act, demonstrating that partisan media influence extended beyond electoral outcomes to shape legislative behavior.
Professor Grace Kim, Faculty Advisor
JEL Codes: D72; L82; N42
Keywords: Media Effects; Political Economy; Electoral Behavior; Conservative Radio; Partisan
Realignment
Investing in Rural Healthcare: Impact of Private Equity Acquisition on Financial and Utilization Outcomes of Rural Hospitals
by Amanda He
Abstract
Private equity investment in the healthcare sector has risen considerably in recent decades, yet the impact of private equity ownership in rural hospital markets is largely unknown. Existing research points to a correlation between private equity acquisition and increased hospital incomes and charges. Rural hospitals, however, are structurally and operationally different from their urban counterparts, with lower occupancy rates and higher susceptibility to financial distress. This paper seeks to (1) characterize the types of rural hospitals acquired by private equity firms and (2) examine the changes in rural hospital financial, utilization, and survivability outcomes following private equity ownership. Using a 15-year panel of Medicare data, I estimate the impact of 352 private equity deal-hospitals across nine financial and utilization outcomes. Additionally, I estimate the impact of private equity on hospital closures. I find that private equity acquisition improves profitability for both urban and rural hospitals, but the magnitude is smaller for rural hospitals. My results suggest that private equity-owned hospitals increase profits by reducing operating expenses. Among rural hospitals, private equity ownership is associated with fewer discharges and lower occupancy rates, which may be a concern for long-term viability. I find a statistically significant negative correlation between private equity acquisition of rural hospitals and an increased likelihood of closure. PE-acquired hospitals have a negative spillover effect on other hospitals within the same hospital referral region, leading to a higher probability of closing.
Professor Ryan McDevitt, Faculty Advisor
Professor Michelle Connolly, Faculty Advisor
Professor Grace Kim, Faculty Advisor
JEL classification: G23, G33, G34, I10, I11
The Effect of Gun Prevalence on the Occurrence of School Shootings
by Abigail Ullendorff
Abstract
This paper studies how gun prevalence, represented by federal firearm background checks, affects the occurrence of school shootings. While precedent literature has estimated adverse effects of school shootings on exposed children, including reductions in mental health, academic achievement, and labor market earnings, few studies have attempted to identify factors that influence school shooting frequency in the first place. The analysis sample is an annual state panel of shootings during 2000-2021, constructed from the proprietary K-12 School Shooting Database as well as from data on background checks, demographic characteristics, economic conditions, and measures of violence and mental health status. Estimates from difference-in-differences regressions that include state and year by-census region fixed effects and state-specific linear trends indicate a positive relationship between gun prevalence and school shootings, particularly when the dependent variable is specified as a binary indicator of multiple school shootings having occurred. Results are robust to using the annual shooting count or its quartic root, an indicator that a shooting occurred, Poisson regressions of school shooting count models, and quadratic state trends as additional controls. Several types of shootings, including targeted, elementary school, high school, and deadly shootings, increase in frequency and/or likelihood when gun prevalence rises.
Professor Jeffrey DeSimone, Faculty Advisor
Professor Grace Kim, Faculty Advisor
JEL Codes: I18, I29, K42
Arts Organizations and Community Socioeconomic Development
by Madeleine Reinhard
Abstract
This paper studies the effects of arts organizations on local socioeconomic development at the U.S. ZIP code tabulation area (ZCTA) level. While prior studies have qualitatively examined the impact of the arts industry or artistic individuals on their communities, few have approached this question econometrically, and even fewer have investigated the effects of arts organizations specifically. My analysis examines data from Southern Methodist University’s Cultural Data Profile, which contains financial and programmatic information through an online survey on nonprofit arts, culture, and humanities organizations, combined with American Community Survey 5-year estimates for a variety of ZCTA-level demographic and economic measures. First difference regressions estimate how the founding of arts organizations over recent five- and 10-year periods impacts gentrification, economic health, racial demographics, median home value, and resident displacement over the corresponding period. During 2012-2022, new arts organizations are estimated to affect all of these categories, most strongly in urban areas. This conclusion largely holds for both of the encompassed five-year periods as well. Specifically, when more arts organizations are founded, community gentrification levels, economic development, and home values all increase, but these socioeconomic improvements are accompanied by reduced racial diversity.
Professor Jeffrey DeSimone, Faculty Advisor
Professor Grace Kim, Faculty Advisor
Professor Michelle Connolly, Faculty Advisor
JEL Codes: J11, Z11
The Sub-proportionality of Subjective Probability Weighting in Poker
by William Clark
Abstract
This study uses Texas Hold’em poker to investigate decision making under uncertainty and the concept of probability weighting, where individuals may overvalue or undervalue uncertain outcomes. I conduct an experiment to assess Cumulative Prospect Theory’s relevance to subjective probabilities in poker by simplifying the game to compare complex and simple gamble evaluations. The research aims to understand how risk preferences and probability estimation without complete information are influenced by individuals’ poker experience and framing effects. We find that deviations from what theory predicts in the subjective-probability Poker frame can be explained well by the framing effects made in the decision maker’s editing phase. By examining the difference in the predictive power of decision making models in explicit vs subjective probability gambles, the study seeks to improve comprehension of cognitive processes in navigating uncertainty.
Professor Philipp Sadowski, Faculty Advisor
Professor Grace Kim, Faculty Advisor
JEL Codes: C91, D80, D91
Airline Non-Price Competition Between FSC and LCC Carriers: Varying Airline Optimization Strategies
by Lucas Johnson
Abstract
The goal of this paper is to extend the discourse surrounding certain topics in terms of airline optimization which is defined in this paper as the ability of an airline to efficiently transport goods and passengers as well as accrue revenue from its airplanes relative to its total capacity to transport goods and accrue revenue. Previous literature deals heavily with the differences between LCC and FSC carriers as well as the importance of both customer satisfaction and operational efficiency for the ability of an airline to compete. The analysis of this paper is in the form of a panel-regression performed on a dataset obtained from the T1 Airline Summary Statistics form maintained by the Bureau of Transportation Statistics. This data demonstrates the relationship between dependent variables represented by certain metrics of airline success, revenue passengers enplaned, revenue passenger miles and revenue ton miles, with independent variables that reflect optimization in terms of both payload and passenger transport. These variables are influenced by factors such as certain measures of timeliness competition defined in this analysis as ramp inefficiency and departure efficiency.
Professor Grace Kim, Faculty Advisor
JEL Codes: L93; D22; R4; L13
