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Economic Models and Magical Realism: An Interdisciplinary Approach to Development Through a Concurrent Analysis of 1960’s-70’s Latin American Structuralism and One Hundred Years of Solitude
By Ibanca Anand This paper aims to join this interdisciplinary community by situating the two fields side-by-side within a historical context of political economy. Political economy research considers not just the merit of economic models, but studies their impact within the larger society, and analyzes their transition from the private policy-making body to the public […]
Small Bidder Preferences in FCC Spectrum Auctions
By Alexandra Zrenner and Chidinma Hannah Nnoromele The Federal Communications Commission faces a congressional mandate to ensure the participation of small business in its spectrum auctions. The FCC addresses this mandate using preferences for small bidders. This paper examines the impact on auction competition and outcomes of two preferences: bid credits and closed licenses. Bid […]
Perceptions vs. Reality: School Climate in Miami-Dade County
By Makda Habtom and Yuliya Kozina This study looks at a sample of Miami-Dade public middle and high schools. The aim is to see if school incidents and perceived safety can be predicted by school-level diversity and other school characteristics. At first, it is found that higher diversity is associated with higher incidents and lower […]
Vanguard’s Index Funds vs. Vanguard’s Managed Funds: a Nine Style Box and Fama-French Multi-Variable Regression Approach
By Susheel Nalla Many investors struggle to determine whether they want to invest in managed funds or indexed funds when they build portfolio. Vanguard, founded by John Bogle, a strong advocate for indexed investing has seen his company grow to over $3.9 trillion in funds. In the last three years $1 trillion of new money […]
The Link between Gentrification and Displacement and the Effects of Displacement on Residents in Los Angeles County
By Ashley Qiang Over the past decades, gentrification has accelerated across the country. Along with this phenomenon comes growing concern about displacement, although limited research has been dedicated to examining gentrification’s impact on displacement. This paper studies the link between gentrification and displacement, as well as who is more likely to be displaced and the […]
What Gets Paid? Analyzing the Major League Baseball Contract Market
By Brian Pollack This paper aims to assess the efficiency of the Major League Baseball contract market in the past decade, given that teams are employing more analytical approaches to player evaluation. First, analysis of team-level data reveals the most important determinants of run scoring and run prevention, respectively. Models of player contract value, controlling […]
The Investment Cost of Currency Crises in Emerging Markets: An Empirical Treatment from 1994-2015
By Eric Ramoutar Currency crises – large and sudden depreciations in the value of a country’s currency – have been an unfortunate by-product of increased financial openness over the last half century. This study extends the already vast literature on the impact of currency crises by estimating how currency crises affect domestic investment in emerging […]
Structural Estimation of FCC Bidder Valuation
By Renhao Tan, Zachary Lim, and Jackie Xiao We modify a method introduced in Fox and Bajari (2013) which structurally estimates the deterministic component of bidder valuations in FCC spectrum auctions based on a pairwise stability condition: two bidders cannot exchange two licenses in a way that increases the sum of their valuations, and we […]
Determinants of NFL Spread Pricing: Incorporation of Google Search Data Over the Course of the Gambling Week
By Shiv S. Gidumal and Roland D. Muench We investigate the factors that Las Vegas incorporates into opening spreads for NFL matchups. We include a novel proxy measure for gambler sentiment constructed with Google search data. We then investigate whether changes in this proxy are reflected in the closing spreads for NFL matchups and find […]