The Effect of Exchange Rates on the Performance of Professional Sports Franchises in International Competition
By Nick Elliott Exchange rates are a very important factor for businesses that operate internationally, especially when franchises are in international competition for the same talent pool. As an international league, this paper seeks to analyze how teams’ performance in the NHL is affected vis-à-vis a fluctuating value of currency. This analysis is extended to […]
Reconciling the Environmental Kuznets Curve with the Free Rider Problem
By Scott Bradford Covert The current paper studies the Environmental Kuznets Curve (EKC) hypothesis, which claims a parabolic relation exists between per capita GDP and environmental degradation. This would suggest a developing nation could expect to increase pollution significantly during the beginnings of industrialization and then, as the country began switching to a service-oriented economy, […]
Gas Prices and Automobile Advertising Expenditures in U.S. Markets
By Chenyu Janet Chang I examine how automobile manufacturers change their advertising strategies when gasoline prices rise. In particular, I use a robust OLS regression to estimate how gasoline prices affect advertising expenditures on vehicles with different levels of MPG. I use detailed data from the ACCRA Cost of Living Index, Adspender, and Polk’s NVPP. […]
Assessing Consumer Valuation of Fuel Economy in Auto Markets
By Daniel Fifer The need for and efficacy of CAFE standards for auto-makers depends largely on whether consumers properly value fuel efficiency in their vehicle purchases. In this paper we use data describing heterogeneous driving behavior and a hedonic model of new car prices to evaluate how well consumers value incremental changes in fuel economy […]
The Impact of Rising Gasoline Prices on US Public Transit Ridership
by Christopher Blanchard Abstract This paper analyzes the impact of increasing fuel prices on public transit ridership in the United States. Using regional gasoline prices and transit ridership and supply figures from 218 US cities from 2002 to 2008, I estimate the cross-price elasticity of demand for four modes of transit with respect to gasoline […]
Fundamental Volatility’s Eect on Asset Volatility
by Evan Beard Abstract This paper examines the effect of macroeconomic variable volatility on implied and realized asset price level volatilities in the U.S. using monthly data from 1986 – 2008. Two approaches are taken: An autoregressive distributed lag model using rolling standard deviations and a GARCH model. The S&P 500’s volatility is used as […]
Wife’s labor supply and marital dissolution: evidence from the NLSY79
by Wichsinee Wilbulpoprasert Abstract In response to the changing family and social structures in the United States, an accurate understanding of mechanisms and the driving forces of marital dissolution is important in many aspects. For one, the knowledge helps policy and law makers to conjecture possible results of the legislation (e.g. unilateral divorce law, child […]
Valuing Localized Externalities: Hog Operations in North Carolina
by Sara Murray Abstract In the early 1990s, eastern North Carolina experienced a boom in industrial hog production. Among the negative externalities generated by this activity, residential property value losses due to operation proximity are some of the most significant. This paper discusses the impact of hog operation presence on median housing values for census […]
