Education blog Chalkbeat discusses the implications of school choice for residential segregation and discusses Professor Ross’s research on the topic:
Stanford University Press has just published the third edition of Thomas J. Miceli’s Law and Economics textbook.
From the publisher:
“Master teacher Thomas J. Miceli provides an introduction to law and economics that reveals how economic principles can explain the structure of the law and make it more efficient.
The third edition of this seminal textbook is thoroughly updated to include recent cases and the latest scholarship, with particular attention paid to torts, contracts, property rights, and the economics of crime. A new chapter organization, ideal for quarter- or semester-long courses, strengthens the book’s focus on unifying themes in the field.
As Miceli tells a cohesive, analytical “story” about law from a distinctly economic perspective, exercises and problems encourage students to deepen their knowledge.”
Omicron Delta Epsilon inductees:
Louis D. Traurig Scholarship
Paul N. Taylor Memorial Prize
Rockwood Q. P. Chin Scholarship
Ross Mayer Scholarship
Julia & Harold Fenton and Yolanda & Augustine Sineti Scholarship
Kathryn A. Cassidy Economics Scholarship
Charles Triano Scholarship
W. Harrison Carter Award
Albert E. Waugh Scholarship
Abraham Ribicoff Graduate Fellowship
Timothy A. and Beverly C. Holt Economics Fellowship
Economics Department General Scholarship
Grillo Family Teaching Award
Employee Appreciation Awards
Delia Furtado 10 years
Vicki Knoblauch 15 years
Kathleen Segerson 30 years
Congratulations to everyone!
The Allais Paradox is one of the most enduring violations of expected utility theory, a hallmark theory of economics. Professor Mike Shor and coauthor Mark Schneider (a recent UConn PhD) have had their paper “The Common Ratio Effect in Choice, Pricing, and Happiness Tasks” accepted by the Journal of Behavioral Decision Making.
In the paper, Professor Shor elicits preferences for the Allais paradox choice alternatives using three different methods: traditional choice, monetary valuation, and subjective happiness ratings. He finds that both the consistency and distribution of responses differs systematically across different elicitation methods, with modal choices replicating the Allais preference pattern, modal happiness ratings exhibiting consistent risk aversion, and modal valuations maximizing expected value. The paper finds support for a dual process framework in which people use either a “logical” or an “intuitive” thinking process depending on the task.
A recent report from Zippia featuring the best Economics departments in Connecticut ranks the University of Connecticut near the top of the list, just below Yale:
The report reviewed a total of 103 institutions of higher learning in Connecticut, and considered Career Results (earnings for graduates), Economics Emphasis (majors as a percentage of a graduating class), and School Performance (admissions, graduation rates, and cost).
Professor Jorge Agüero (faculty) and Juan Campanario (student) are the recipients of the 2016 Undergraduate Economics Research Award Program (ERAP).
Their work on their project “Can Growth and Redistribution Reduce the Influence of Colonial Institutions? The Case of Peru’s Mining Mita” will be supported through the ERAP program, which is designed to assist research apprenticeships and research collaborations between undergraduate economics majors and economics faculty members.
The ERAP program enables the student to enhance research skills relevant to the field of economics, while the faculty member guides the project and provides mentorship. Only one award is given each academic year, with the student receiving a $1,500 fellowship and the faculty mentor receiving a $1,000 grant added to their departmental research accounts.
Congratulations to the award winning team!
Her study examines the benefit of the protection of the American pig iron industry. She illustrates that the protection was critical for the industry before 1890.
Professor Naknoi presented her paper titled “Exchange Rate Pass-Through and Market Structure in a Multi-Country World” in the ASSA Meeting/Econometric Society Meeting in San Francisco on January 4, 2016.
Her model proposes a theory that exporters take into account competing exporters’ currency appreciation in their price setting. In addition, her study provides evidence supporting her theory using data on prices of Canada’s exports to the U.S.
Information about her session is online at:
Professor Nishith Prakash has received a $200,000 Knowledge, Learning and Innovation grant through the World Bank in support of the research project Performance-Based Incentives for Students – Answering Design and Operational Questions in Zanzibar. This is a joint project with Dr. Shwetlena Sabarwal (World Bank) and Professor Asadul Islam (Monash University).
This project will provide clear guidance to the Government of Zanzibar on how best to design and operationalize a results-based financing (RBF) approach for improving student performance in early grades of the secondary cycle, thereby reducing the high levels of student drop-out before secondary completion.
To this end, the grant will be used to evaluate the effectiveness of performance-based incentives targeted directly at students. Within this broad question, the evaluation will also examine the relative effectiveness of (i) different RBF design choices; and (ii) different RBF operational choices for most effectively mainstreaming such incentives using country systems.
The interventions are a part of a Government-led pilot that is being intensively supported by World Bank and is expected to help define the design of a new education project for Zanzibar.
The M.A. program in Economics at the University of Connecticut has been ranked #38 of the 157 programs evaluated in the Financial Engineer’s 2015 Master of Economics Rankings.
A variety of factors are used to evaluate each program, including acceptance rates, the employment prospects for new graduates, and starting salaries and bonuses. The results are considered “”the most comprehensive rankings for graduate financial economics programs in the United States.”