University of Southern California Center for Law & Social Science (CLASS) Research Paper Series最新文献

{"title":"Investigating Eurosystem Central Banking Efficiency: A Data Envelopment Analysis Approach","authors":"M. Ihaddaden","doi":"10.2139/ssrn.3326536","DOIUrl":"https://doi.org/10.2139/ssrn.3326536","url":null,"abstract":"Very few studies investigated central banking efficiency. Although Data Envelopment Analysis is widely used to measure efficiency within the banking industry, it has surprisingly never been implemented in a central banking context. In our study, we employ a radial DEA model to measure Eurosystem central banking efficiency. The Eurosystem monetary scheme offers interesting properties that allow DEA to be implemented with minimum noise. Considering price stability as the core Eurosystem mission, our results point out that National Central Banks (NCBs) operate at an average Technical Efficiency of 58.37% which indicates a significant scope for improvement. In addition, we observe an important disparity between NCBs' efficiency scores. We find the efficient units to be the central banks of Spain, Finland, the Netherlands and Lithuania while the most inefficient units are the central banks of Malta and Greece with a technical efficiency of 19.76% and 14.20% respectively. Finally, analyzing the peer units' set, we've reached the conclusion that the central banks of Spain and Finland should be designated as the leading NCBs in the context of a central banking efficiency improvement's project.","PeriodicalId":222637,"journal":{"name":"University of Southern California Center for Law & Social Science (CLASS) Research Paper Series","volume":"126 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-12-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122374656","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Pareto Optimizations in Real Life. Experiment With a Coffee Table on Mall Terrace. Two More Examples","authors":"Bancho Banov","doi":"10.2139/ssrn.3441158","DOIUrl":"https://doi.org/10.2139/ssrn.3441158","url":null,"abstract":"The article deals with so called Pareto optimization. Is it possible in the life situations? The author conducted an experiment with coffee tables on a terrace of a big MALL in Sofia, Bulgaria. There were three types of tables – third best, second best and only one – first best. The author describes mechanisms in which such optimization may occur. Afterward there were given two more examples.","PeriodicalId":222637,"journal":{"name":"University of Southern California Center for Law & Social Science (CLASS) Research Paper Series","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132978914","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"An Empirical Investigation on Reactivity and Performance","authors":"Pietro De Giovanni","doi":"10.2139/ssrn.3431871","DOIUrl":"https://doi.org/10.2139/ssrn.3431871","url":null,"abstract":"This paper introduces an empirical analysis to verify the robustness of the concept Reactivity, which has been developed in De Giovanni, Passarelli & Cariola (2013). We discover that the performance Reactivity exists as a second order factor, which positively influences the financial performance. Firms should look at acquiring this capability to pursue their operational and financial performance in unexpected and highly volatile markets.","PeriodicalId":222637,"journal":{"name":"University of Southern California Center for Law & Social Science (CLASS) Research Paper Series","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-08-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114597187","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Nota metodológica para la estimación del índice de pobreza multidimensional en el Estado de Veracruz 2010 (Methodological Note for the Estimation of Multidimensional Poverty Index in the State of Veracruz 2010)","authors":"Carlos Medel-Ramírez, Hilario Medel-López","doi":"10.2139/ssrn.3493873","DOIUrl":"https://doi.org/10.2139/ssrn.3493873","url":null,"abstract":"This paper presents the methodological note for the construction of the multidimensional poverty index (IPM) in the State of Veracruz, based on the index developed by the Oxford Poverty & Human Development Initiative (OPHI), based on the work of (Alkire –Foster, 2007) and in which, we include the index of social exclusion as a relevant dimension, this being a contribution in the construction of the multidimensional poverty index version 2.0, where social exclusion is recognized as a missing dimension. The estimation of the multidimensional poverty index is weighted 5 dimensions: Dimension 1 (Education), Dimension 2 (Access to health services), Dimension 3 (Quality and services of housing), Dimension 4 (Assets in the home) and Dimension 5 (Social). The analysis of the 5 dimensions consists of 16 indicators, whose construction of counting methodology, identifying the minimum amount of deprivation dimensions to estimate the multidimensional poverty index. The source of information comes from the information of the General Census of Population and Housing 2010, corresponding to the information contained in the territorial integration at the locality level, for the dimensions and selected indicators, so it allows the analysis of the evolution of multidimensional poverty throughout the study period in the State of Veracruz. \u0000 \u0000 \u0000Thematic Area: Measurement and analysis of multidimensional poverty \u0000Keywords: Multidimensional poverty, indigenous population, poverty index multidimensional \u0000JEL I32 - Measurement and Analysis of Poverty","PeriodicalId":222637,"journal":{"name":"University of Southern California Center for Law & Social Science (CLASS) Research Paper Series","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127827058","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The role of specialized outsourcing companies in reduction of costs of production firms - Case study 'Binni' and 'Albed'","authors":"Betim Jashari","doi":"10.2139/ssrn.3423690","DOIUrl":"https://doi.org/10.2139/ssrn.3423690","url":null,"abstract":"The success of any subcontracted activity depends on the choice of third party -- the appropriate subcontracting specialized company and its relationship with the business itself. This choice is the hardest challenge for firms that decide to outsource -- we will try to look at the prospect of applying and applying it to manufacturing firms.<br><br>The study examines the relationship of specialized subcontracting companies with manufacturing firms and their impact on cost reduction. The study is based primarily on first-hand information collected by managers of outsourced specialized subcontracting firms and firm administrators who transfer or perform activities through outsourcing outsourcing to perform tasks that earlier were realized by the firm itself.<br><br>Data is collected and based on theoretical considerations, a proposed model is proposed: Manufacturing firms (furniture manufacturing) -- Specialized subcontracting companies for transport with cost reduction, focus on core activity and flexibility while subcontracting quality goods services and timely delivery of products. Data analysis revealed that there is an important impact of the relationships of specialized manufacturing firm manufacturing firms to the firm's performance. Further, the direct and indirect effects of these relationships, the cost reduction, the flexibility and the focus on the main firm's brand activities have been revealed.<br><br>Research design is a case study approach and is based on two firms in the furniture manufacturing industry.","PeriodicalId":222637,"journal":{"name":"University of Southern California Center for Law & Social Science (CLASS) Research Paper Series","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-07-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123673917","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Education and Unemployment in Rural and Urban Kerala","authors":"Ankit Singh, M. Aggarwal, Prakhyat Jain","doi":"10.2139/ssrn.3464399","DOIUrl":"https://doi.org/10.2139/ssrn.3464399","url":null,"abstract":"The role education plays in employment and social status’ has always garnered attention. The swelling unemployment of the educated has prevented Kerala from reaping the full social and economic benefits of its educational development. Unemployment is to be understood not merely as the denial of opportunities for the individual but amounts to a denial of the unemployed in contributing to economic development. More than one-fourth of the rural educated and one-fifth of the urban educated are unemployed in the State, and female unemployment rates are even higher. This implies that the State could not get the potential contribution of a sizeable segment of educated people, particularly of women, to its economic development. More than the lack of economic growth, and consequent disability to invest in education, it is the growing unemployment that has been setting the limit to further public investment in educational development today. The increasing unemployment of the educated has sapped the willingness of the State to fund education. It is argued that the State, instead of spending on education, should now invest more in productive activities which may result in employment creation. But, growth by itself does not generate employment, as may be seen from Kerala’s experience in the nineties. \u0000 \u0000This Project aims to determine the impact of education on the unemployment scenario in Kerala, and also aims to determine reasons that have caused this situation in the Model state of India in terms of Literacy.","PeriodicalId":222637,"journal":{"name":"University of Southern California Center for Law & Social Science (CLASS) Research Paper Series","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115182421","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Spectrum 5.0: Re-Thinking Spectrum Awards for Optimal 5G Deployment","authors":"G. Pogorel","doi":"10.2139/ssrn.3262740","DOIUrl":"https://doi.org/10.2139/ssrn.3262740","url":null,"abstract":"Increased competition in telecommunications services in the past two decades has generated considerable benefits for Europe’s citizens, consumers, industry and governments. More recently concern has grown regarding the relatively slow pace of 4G network deployment and fears that delays could be repeated with 5G. This paper analyses the role spectrum assignment policies have played in this mixed picture and concludes that the design of spectrum awards in a 5G context should evolve to place more emphasis on promoting infrastructure deployment. Examples of policy decisions impacting market outputs are used to support our argumentation with evidence drawn from recent in-depth studies and examples covering the main European markets. These suggest it is time to re-evaluate whether the amount of revenue raised should be the overriding measure of spectrum auction success, and whether auctions on fees are the most effective means of promoting competition and driving investment. We survey the analyses of causal relationship and trade-offs between various assignment methods and fee structures and conclude with considerations and guidelines for more effective and balanced spectrum assignment designs. As EU regulators consider reforms in this area the key challenge is how to align award processes with broader economic and societal objectives. We hope our paper can make a constructive contribution in this respect .","PeriodicalId":222637,"journal":{"name":"University of Southern California Center for Law & Social Science (CLASS) Research Paper Series","volume":"31 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128086402","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Underinsurance Caused by Uninsurable Losses in the Public Good and Personal Assets","authors":"Fan-chin Kung, Haiyong Liu","doi":"10.2139/ssrn.3354790","DOIUrl":"https://doi.org/10.2139/ssrn.3354790","url":null,"abstract":"A significant portion of flood damages were not covered by insurance, and policies are devised to promote insurance coverage. There are, however, rational reasons for why households may not purchase full insurance facing risks. We discuss optimal underinsurance when there are uninsurable losses in the public goods or personal assets. In a first-best allocation, households will fully restore the damaged public goods after a natural hazard and purchase full insurance. When public goods restoration is not available, the Samuelson condition holds in expected utility, and households purchase insurance less than their wealth loss. Also, when there are uninsurable losses in personal assets, that optimal insurance purchase is less than the wealth loss. We provide a model based on households' choices of coverage and deductibles in insurance purchases. This model can be used to estimate households' risk preferences towards natural hazards.","PeriodicalId":222637,"journal":{"name":"University of Southern California Center for Law & Social Science (CLASS) Research Paper Series","volume":"32 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-09-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132812090","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Elite Political Ignorance: Law, Data, and the Representation of (Mis)Perceived Electorates","authors":"Christopher S. Elmendorf, A. Wood","doi":"10.2139/SSRN.3034685","DOIUrl":"https://doi.org/10.2139/SSRN.3034685","url":null,"abstract":"It is common to think of political elites—candidates, legislators, party officials, and campaign advisers—as specialists in learning the preferences of voters. But recent studies find that political elites believe public opinion within legislative districts to be more conservative than it actually is, and that extreme candidates are more electable than moderates (despite compelling evidence to the contrary). Campaign staffers overestimate their candidate’s electoral prospects. Moreover, natural and researcher-designed experiments show that informing legislators about constituency preferences changes roll-call votes, as legislators recalibrate to better represent public opinion in their districts. \u0000 \u0000This Article introduces the problem of elite political ignorance to the legal- academic literature. We review political science findings on elite (mis)perceptions of voter preferences, and we explore the likely benefits and costs of reducing elite political ignorance. The immediate impacts would probably include better alignment between the roll-call votes of representatives and the policy preferences of their constituents; reduced political polarization; less racial discrimination by campaigns and representatives; and lower-cost enforcement of the Voting Rights Act. However, over time, a reduction in elite ignorance could also engender more severe and enduring partisan gerrymanders; greater political and demographic skew in the population of regular voters; more inequity in the provision of constituent services; and microtargeted campaigns that slowly erode democracy-sustaining norms and belief structures in the public. \u0000 \u0000We argue that most of the benefits of reduced political ignorance could be realized without incurring such costs if elites acquired better information about the distribution of voter preferences within districts, without learning the preferences of identifiable individuals. To this end, we propose that states (1) reduce the amount of political information in the official voter file, (2) adopt rules that make it somewhat more cumbersome for social media companies to develop and market political profiles of their users, and (3) enact campaign-finance voucher programs subject to an unusual disclosure rule, under which the state would conceal voucher-donor identities from the recipient and the general public, while revealing geocoded voucher-contribution histories.","PeriodicalId":222637,"journal":{"name":"University of Southern California Center for Law & Social Science (CLASS) Research Paper Series","volume":"172 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-07-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132086043","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Night Lights of North Korea. Prosperity Shining and Public Policy Governance","authors":"A. Cerami","doi":"10.2139/ssrn.3202789","DOIUrl":"https://doi.org/10.2139/ssrn.3202789","url":null,"abstract":"This article looks into the night lights of North Korea and their relationship to prosperity shining. The first introductory section discusses the political economy of North Korea. It highlights its strengths and shortcomings. The second section introduces to new methods of geo-spatial micro and macro econometric analysis. The following night lights analysis is based on near real-time big data. It includes high-resolution remote-sensing and satellite imagery from the NASA (Earth Obervatory) Visible Infrared Imaging Radiometer Suite (VIIRS) sensor on the Suomi NPP satellite. The third and fourth section addresses important issues related to North Korea's prices, co-optation and mobilization of anger. The final section deal with problems in public policy administration.","PeriodicalId":222637,"journal":{"name":"University of Southern California Center for Law & Social Science (CLASS) Research Paper Series","volume":"8 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-06-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131160091","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}