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Redefining Resource Allocation in Computing Systems
by Jacob Chasan Abstract A new kernel1 is in town. The current industry-standard for resource allocation on computers does not take the user’s preferences into account, rather programs are given access to resources based on the time that each requested to be run. Although this system can lead to solutions that minimize the time it […]
Taxing Marijuana and the Road to Reparations: Comparing the Colorado and Illinois Cannabis Markets
by Tommaso Carlo Filippo Babucci Abstract Although still prohibited at the federal level, cannabis can now be found on the shelves of recreational dispensaries across thirty-three U.S states. This thesis examines the development of this legal market from both historical and empirical perspectives. Using a new data set, it estimates the determinants of cannabis sales […]
Nonprofit Location, Survival, and Success: A Case Study of El Sistema USA
By Andie Carroll As nonprofits work to serve their communities, they must choose a place to locate that best suits their needs and the needs of the population they aim to serve. Locational characteristics such as median income and population density have been shown to impact how many nonprofits choose to locate in a given […]
Variability in Jury Awards for Noneconomic Damages in Motor Vehicle Negligence Cases
By Max Cherman I analyze the efficiency of jury awards for noneconomic compensatory damages awarded to automobile accident victims suffering nonfatal injuries bringing motor vehicle negligence tort claims. Data from 1002 Jury Verdict Research (JVR) case abstracts was narrowed down to 218 observations of plaintiffs receiving noneconomic damages awards at trials involving motor vehicle negligence […]
The Upstream and Downstream Effects of Government Industrial Policy in the Rare Earth Elements Industry
By Charles Daniel The Chinese government has found considerable success in stimulating economic modernization through its industrial policy. The development of the rare earths industry, in both upstream and downstream markets, exemplifies this success. Rare earths are a group of metals whose natural properties make them critical for many pieces of modern technology. Upstream, Chinese […]
The Elusive “Stock-Picker’s Market”: Dispersion and Mutual Fund Performance
By Jacob Epstein This paper explores the relationship between active mutual fund performance and market dispersion from January 1990 to December 2018. I find a significant positive relationship between dispersion and 4-factor alpha overall, providing some evidence of managerial skill. There are large differences in this relationship by decade and fund selectivity. The results suggest […]
The Impact of Agglomeration Externalities on Product Innovation Output in Chinese Industrial Firms
By Cindy Feng Agglomeration externalities is defined as the economic benefits from concentrating firms, housing, and output. This study investigates the impact of agglomeration externalities of industrial firms on product innovation output in China. In the research, I specified the impact of agglomeration into three types: Marshallian or localization externalities, defined as the impact of […]
Incentive Programs for Neglected Diseases
By Pranav Ganapathy We propose and evaluate an auction mechanism for the priority review voucher program. The 2007 voucher program rewards drug developers for regulatory approval of novel treatments for neglected tropical diseases. Previous papers have proposed auctioning vouchers for the priority review voucher program but have offered neither a mathematical model nor a […]
Comparing the Performance of Active and Passive Mutual Funds in Developing and Developed Countries
By Nalini Gupta This paper seeks to test the hypothesis that developing countries or informationally inefficient countries should see higher returns for active mutual funds on average than passive funds and the trend should be reversed in developed nations or informationally efficient economies. This analysis is done using a cross section of eight countries, four […]
