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Essays on Regulation Enforcement, Bounded Rationality, and Market Distortions
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| 자료유형 | 학위논문 |
|---|---|
| 서명/저자사항 | Essays on Regulation Enforcement, Bounded Rationality, and Market Distortions. |
| 개인저자 | Gmeiner, Michael William. |
| 단체저자명 | Northwestern University. Economics. |
| 발행사항 | [S.l.]: Northwestern University., 2019. |
| 발행사항 | Ann Arbor: ProQuest Dissertations & Theses, 2019. |
| 형태사항 | 166 p. |
| 기본자료 저록 | Dissertations Abstracts International 81-03A. Dissertation Abstract International |
| ISBN | 9781088319840 |
| 학위논문주기 | Thesis (Ph.D.)--Northwestern University, 2019. |
| 일반주기 |
Source: Dissertations Abstracts International, Volume: 81-03, Section: A.
Advisor: Udry, Christopher. |
| 이용제한사항 | This item must not be sold to any third party vendors. |
| 요약 | Chapter 1 presents analysis comparing the effectiveness of two mechanisms of regulation enforcement: (1) the frequency of inspections and (2) penalties for violations. Recent policy changes regarding enforcement of mining safety regulations are exploited to quantify the effectiveness of each mechanism. It is concluded that increasing the frequency of inspections best induces compliance with regulations. In chapter 2 a model of bounded rationality is developed in which agents garner information by observing traits of available actions. Skill is defined as the number of action-trait pairs an agent is able to observe. Four applications are presented: trends in the optimal choice of information to process when maximizing expected payoff, the relationship of skill with expected payoff, a model of product differentiation, and the deferred-acceptance matching algorithm. Chapter 3 presents analysis of the historical New Orleans slave market. It is shown that buyers listing residences in New Orleans, and slave traders, purchased slaves at prices that were systematically lower on average. The mechanism of selection is considered and refuted. Other possible mechanisms are proposed and analyzed. It is suggested that bargaining power and market tactics resulted in lower prices. |
| 일반주제명 | Economics. American history. African American studies. Economic history. Black history. |
| 언어 | 영어 |
| 바로가기 | 
: 이 자료의 원문은 한국교육학술정보원에서 제공합니다. |
