Prejudice and Progress in Baseball

2012 ◽  
pp. 2-20
Author(s):  
Stephen J. K. Walters
Keyword(s):  
Willingness To Pay ◽  
Labor Supply ◽  
Racial Bias ◽  
Economic Consequences ◽  
Empirical Literature ◽  
Ceteris Paribus ◽  
Feedback Effects ◽  
Integration Period ◽  
Short And Long Term

This article explores the organized baseball's racial record as far back as the 1880s, when segregation took root in baseball, through Branch Rickey's hiring of Jackie Robinson in 1947, up to the present day. It describes how baseball became segregated and segregation's feedback effects on black players' labor supply decisions. It presents data on black-white earning differences prior to reintegration of the sport. It addresses why reintegration took so long and how it ultimately occurred. Robinson's breakthrough and its immediate aftermath, and the empirical literature on the post-integration period are evaluated. The existence of an active market for baseball memorabilia has enabled researchers to test for fan bias in the form of a willingness to pay more for products featuring white (black) players, ceteris paribus. Baseball has taught a great deal about how complicated and persistent are racial bias' effects, and about the short- and long-term economic consequences of discrimination.

scholarly journals Economic Consequences of Implementing the Engagement Partner: Signature Requirement in the UK

2017 ◽  
Vol 10 (9) ◽  
pp. 141 ◽  
Author(s):  
Min Liu
Keyword(s):  
Information Asymmetry ◽  
Control Sample ◽  
Economic Consequences ◽  
Forecast Errors ◽  
Omitted Variables ◽  
Ceteris Paribus ◽  
Forecast Dispersion ◽  
Short And Long Term ◽  
The Uk

This paper examines whether and the extent to which requiring the audit engagement partner (EP) signature influences on information asymmetry, analysts’ forecast errors, and forecast dispersion. I predict and find that, ceteris paribus, there is a significant decline in information asymmetry, analysts’ forecast errors and forecast dispersion from the pre- to post-EP signature period in the UK over both of short-term (i.e., 2008-2010) and long-term (i.e., 2004-2014). These findings hold when using a control sample approach, indicating that my results are not likely due to the effect of concurrent events and correlated omitted variables. These findings suggest that implementing the EP signature requirement benefits analysts forecasts over a short- and long-term.

scholarly journals The Impact of Short- and Long-Term Participation Tax Rates on Labor Supply

2015 ◽  
Author(s):  
Charlotte Bartels ◽  
Nico Pestel
Keyword(s):  
Labor Supply ◽  
Tax Rates ◽  
Short And Long Term ◽  
The Impact

scholarly journals Short- and long-term participation tax rates and their impact on labor supply

2016 ◽  
Vol 23 (6) ◽  
pp. 1126-1159 ◽  
Author(s):  
Charlotte Bartels ◽  
Nico Pestel
Keyword(s):  
Labor Supply ◽  
Tax Rates ◽  
Short And Long Term

Acute physical activity and sports injuries in children

2008 ◽  
Vol 33 (2) ◽  
pp. 393-401 ◽  
Author(s):  
Dorine C.M. Collard ◽  
Evert A.L.M. Verhagen ◽  
Marijke J.M. Chin A Paw ◽  
Willem van Mechelen
Keyword(s):  
Physical Activity ◽  
Sports Injuries ◽  
Controlled Trial ◽  
Economic Consequences ◽  
Long Term Effects ◽  
Injury Mechanisms ◽  
Prevention Model ◽  
Important Challenge ◽  
Short And Long Term

An increase in the physical activity of individuals has many health benefits, but a drawback of an increase in physical activity is the risk of related injuries. To reduce the short- and long-term effects in terms of social and economic consequences, prevention of physical activity injuries is an important challenge. A sequence of prevention model has been proposed that aims to prevent physical activity injuries in different steps. The model includes (i) identification of the problem in terms of incidence and severity of physical activity injuries, (ii) identification of the risk factors and injury mechanisms that play a role in the occurrence of physical activity injuries, (iii) introduction of measures that are likely to reduce the future risk and (or) severity of physical activity injuries, and (iv) evaluation of the effectiveness of the measures by conducting a randomized controlled trial (RCT). This review describes what is currently known about all of the various aspects of the sequence of prevention in children (steps i–iv).

Foreign official holdings of US treasuries, stock effect and the economy: a DSGE approach

2018 ◽  
Vol 20 (1) ◽  
Author(s):  
John Nana Francois
Keyword(s):  
Interest Rate ◽  
Interest Rates ◽  
Term Structure ◽  
Demand Curve ◽  
Feedback Mechanism ◽  
Empirical Literature ◽  
Term Spread ◽  
Short And Long Term ◽  
Stock Effect

Abstract This paper examines the effects of shocks to foreign official holdings of long-term U.S. Treasuries (FOHL) on macroeconomic aggregates using a dynamic general equilibrium model. The model treats short- and long-term bonds as imperfect substitutes through endogenous portfolio adjustment frictions. This provides a channel for changes in relative supply of assests to influence asset prices. Three key findings emerge: (1) positive shocks to FOHL impact the long-term interest rate and the term spread negatively through a stock effect channel – defined as persistent changes in interest rates as a result of movement along the Treasury demand curve. This result is consistent with findings in the empirical literature. (2) Through a feedback mechanism from an endogenous term structure in the model, the decline in the long-term interest rate induces an expansion in economic activity which leads to an increase in consumption, output and inflation. Both the stock effect and the feedback mechanism are generated by the portfolio frictions. (3) Higher degrees of persistence of FOHL shocks or imperfect asset substitution generate a prolonged negative stock effect following shocks to FOHL. This causes a longer delay of the term spread to return to its steady state after it falls; hence, inducing an extended and stronger stimulative feedback effect from the endogenous term structure into the modeled economy.  These findings help explain macroeconomic events such as the so-called ``Greenspan conundrum'' of the mid 2000s.

Using non-linear estimation strategies to test an extended version of the Goodwin model on the US economy

2020 ◽  
Vol 8 (2) ◽  
pp. 268-286
Author(s):  
Julio Fernando Costa Santos ◽  
Ricardo Azevedo Araujo
Keyword(s):  
Empirical Literature ◽  
Extended Version ◽  
Us Economy ◽  
Growth Regime ◽  
Goodwin Model ◽  
The Us ◽  
Short And Long Term ◽  
Using Data ◽  
Empirical Approaches

There is a growing empirical literature that seeks to determine country growth and demand. One possible shortcoming of those studies is their sensitivity to the estimation strategy, which is linked to the time horizon. A profit-led regime has been found to be the most likely outcome when adopting an aggregative approach, while a wage-led regime is the most likely outcome when utilizing a structural estimation. Another potential weakness is that the empirical approaches adopted are mostly linear. To overcome these criticisms, we adopt wavelet analysis, which allows the decomposition of a time series into short- and long-term components, thereby enabling investigation of whether the growth regime switches over time. This paper tests an extended version of the Goodwin model for the US economy using data from 1967 to 2016. The results show that both the growth and demand regimes are sensitive to time and are profit-led in the short term and wage-led in the long term, thereby confirming Blecker's (2016) insight.

Acquisitions and the shareholder base

2019 ◽  
Vol 45 (10/11) ◽  
pp. 1416-1432
Author(s):  
Nicholas Wonder ◽  
Claire Lending
Keyword(s):  
Design Methodology ◽  
Market Value ◽  
Empirical Literature ◽  
Content Type ◽  
Short And Long Term ◽  
Long Term Impact ◽  
The Impact ◽  
Instrumental Variables Approach ◽  
Practical Implications

Purpose The purpose of this paper is to study the impact of acquisitions on the number of shareholders of the acquirer (the shareholder base) and relate that effect to the method of payment and the ratio between the target’s and acquirer’s shareholder bases prior to the acquisition. Design/methodology/approach Using 348 acquisitions from 1993 to 2013 for which both parties are public, American firms, the paper measures changes in the acquirer’s shareholder base from before announcement through to four years after completion. OLS regressions, together with an instrumental variables approach addressing the endogeneity of acquisition payment, indicate the determinants of those changes. Findings Acquisitions completed partly or entirely in stock lead to large increases in the shareholder base, and the increases mostly endure over the four-year window examined in the study. Regression results indicate that the target to acquirer shareholder ratio has a much greater impact on the acquirer’s base for stock acquisitions than for cash acquisitions. The ratio is also associated with changes in beta. Practical implications Because existing theoretical and empirical literature shows that the shareholder base impacts the risk, liquidity, and market value of stock, managers evaluating potential targets and modes of payment may wish to consider the likely impact on their firms’ shareholder bases, as may investors contemplating the effects of an acquisition announcement. Originality/value This is the first work documenting both a short- and long-term impact of acquisitions on the shareholder base and the first to investigate the determinants of the change in the base.

scholarly journals Geomorphological processes and forms in the function of optimal landfill microlocation determination

2003 ◽  
Vol 83 (2) ◽  
pp. 87-99 ◽  
Author(s):  
Marko Milosevic ◽  
Miroslav Markicevic
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Flood Plain ◽  
Economic Effects ◽  
Economic Consequences ◽  
Fluvial Terraces ◽  
Basic Task ◽  
Short And Long Term ◽  
Threshold Graph

Geomorphologic forms and processes have primary and eliminatory significance in the process of determining the proper locations for trash disposal. Those forms are results of long-term morphogenetic processes and they implicate the dependence between the landfill and a landscape where it is situated. Determining proper location for landfill is crucial because it becomes a factor of permanent alternation of the landscape. The basic task that a possible location should satisfy is as least as possible impact zone. Concerning this request, the best locations are those on fossil geomorphologic forms that are out of active geomorphologic processes (erosive fluvial terraces and blind karst valleys). The selection of location for landfills has its economic consequences that are determined in the light of theory of development thresholds and cost-benefit analysis. The work contains comparative threshold graph with short- and long-term economic effects (costs) of locating a landfill on flood plain and an erosive terrace. There?s also given a matrix of suitability that explains economical, social, ecological, technical and esthetical factors relevant for selecting the adequate location for landfills.

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