{"title":"What philosophy can teach political economy about corruption: A non‐ideal theory","authors":"Mario I. Juarez‐Garcia","doi":"10.1002/soej.12692","DOIUrl":"https://doi.org/10.1002/soej.12692","url":null,"abstract":"Scholars who study political corruption typically assume that it is a pathology. This assumption gives rise to certain problems. On the one hand, scholars who conceive corruption as a principal‐agent problem yield anti‐corruption policies with disappointing results. On the other hand, political economists who grasp the functionality of corruption within inefficient institutions are torn between embracing the functionality of corrupt actions and eradicating them. These issues result from the assumption that corruption is a pathology. Philosophy operates at the level of assumptions, offering a potential avenue for addressing these issues. This paper puts forward a non‐ideal theory of corruption, in which partial compliance with the law is not always seen as a pathology; sometimes corruption includes information about the quality of the law. A non‐ideal theory of corruption puts forward the idea that some cases of corruption result from defective laws rather than defective people.","PeriodicalId":47946,"journal":{"name":"Southern Economic Journal","volume":null,"pages":null},"PeriodicalIF":1.9,"publicationDate":"2024-04-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140615368","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Vitor Melo, Liam Sigaud, Elijah Neilson, Markus Bjoerkheim
{"title":"Rural healthcare access and supply constraints: A causal analysis","authors":"Vitor Melo, Liam Sigaud, Elijah Neilson, Markus Bjoerkheim","doi":"10.1002/soej.12686","DOIUrl":"https://doi.org/10.1002/soej.12686","url":null,"abstract":"Certificate‐of‐Need (CON) laws require that healthcare providers receive approval from a state board before offering additional services in a given community. Proponents of CON laws claim that these laws are needed to prevent the oversupply of healthcare services in urban areas and to increase access in rural areas, which are predominantly underserved. Yet, the policy could lower rural access if used by incumbents to limit entry from competitors. We explore the repeal of these regulations in five U.S. states to offer the first estimate of the causal effects of CON laws on rural and urban healthcare access. We find that repealing CON laws causes a substantial increase in hospitals in both rural and urban areas. We also find that the repeal leads to fewer beds and smaller hospitals on average, suggesting an increase in entry and competition in both rural and urban areas.","PeriodicalId":47946,"journal":{"name":"Southern Economic Journal","volume":null,"pages":null},"PeriodicalIF":1.9,"publicationDate":"2024-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140572298","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The effect of substance use Certificate‐of‐Need laws on access to substance use disorder treatment facilities","authors":"Shishir Shakya, Christine Bretschneider‐Fries","doi":"10.1002/soej.12689","DOIUrl":"https://doi.org/10.1002/soej.12689","url":null,"abstract":"We investigate how substance use Certificate‐of‐Need (CON) laws influence access to substance use disorder treatment facilities in the United States. We use the National Directory of Drug and Alcohol Abuse Treatment Facilities data set, which lists all federal, state, and local government facilities and private facilities that provide substance use treatment services in 2020. Based on the locations of these facilities, we develop a novel access index to substance use disorder treatment facilities that accounts for driving distance and duration to measure the ease of reaching these facilities for individuals living at the population‐weighted county centroids. We find that counties in states with CON laws that border counties without such laws have nearly 10% less spatial accessibility to substance use disorder treatment facilities at a 5% level of significance.","PeriodicalId":47946,"journal":{"name":"Southern Economic Journal","volume":null,"pages":null},"PeriodicalIF":1.9,"publicationDate":"2024-04-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140572313","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Does capitalism disfavor women? Evidence from life satisfaction","authors":"Niclas Berggren, Christian Bjørnskov","doi":"10.1002/soej.12691","DOIUrl":"https://doi.org/10.1002/soej.12691","url":null,"abstract":"There is concern, especially in certain feminist circles, that capitalism disfavors women. This could take many forms, for example, lower wages for the same work, reduced career opportunities, disparities in ownership, and the upholding of traditional gender roles, and it could result in capitalism conferring more life satisfaction on men than on women. We test empirically whether this concern is justified. Using the epidemiological approach to rule out reverse causality, we first confirm previous findings that most areas of economic freedom (legal quality in particular, but also monetary stability, openness, and regulation) are beneficial for general life satisfaction. When looking at women and men separately, we find virtually no statistically significant differences, and in the cases we do, the estimates reveal <jats:italic>a more beneficial</jats:italic> outcome for women. Hence, we conclude that capitalism does not seem to favor men more than women in terms of life satisfaction.","PeriodicalId":47946,"journal":{"name":"Southern Economic Journal","volume":null,"pages":null},"PeriodicalIF":1.9,"publicationDate":"2024-04-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140572305","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Separating insider and informed behavior: Evidence from a natural setting","authors":"Tadgh Hegarty","doi":"10.1002/soej.12690","DOIUrl":"https://doi.org/10.1002/soej.12690","url":null,"abstract":"Previous literature has established the need to separate insider from expert trading in both financial and betting markets. This type of separation proves difficult to achieve because experts and insiders co‐exist in most market settings. Utilizing novel betting markets in which expert skill bettors are unable to use their expert knowledge, this study uncouples insider from expert betting, and allows more direct measurement of insider trading than in previous empirical tests. Evidence is presented in favor of some predictions from the highly cited Shin model of insider trading. Price setters charge an extra premium in markets with high proportions of insiders when compared to equivalent markets. The insiders accurately predict event outcomes, and their presence exacerbates a well known bias in betting market prices whereby returns on betting favorites is higher than for bets on longshots.","PeriodicalId":47946,"journal":{"name":"Southern Economic Journal","volume":null,"pages":null},"PeriodicalIF":1.9,"publicationDate":"2024-04-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140750556","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Unemployment insurance and opioid prescriptions during the great recession","authors":"Xiaohui Guo, Lizhong Peng","doi":"10.1002/soej.12688","DOIUrl":"https://doi.org/10.1002/soej.12688","url":null,"abstract":"This is the first U.S. study on the causal relationship between unemployment insurance (UI) expansions during the Great Recession and the use of prescribed opioids. Using annual county‐level prescription data from 2006 to 2013 and plausibly exogenous variation in state and federal policies, we estimate that a one standard deviation increase in UI generosity ($10,800) reduces per‐capita prescription opioid use by 1.9%. We supplement our main analysis with a border discontinuity design and find a similar effect. We also find no evidence of pre‐trends in the outcome. Finally, additional analyses suggest that increased health care utilization after exposure to higher UI generosity could be a plausible explanation for the declines in opioid prescriptions.","PeriodicalId":47946,"journal":{"name":"Southern Economic Journal","volume":null,"pages":null},"PeriodicalIF":1.9,"publicationDate":"2024-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140572311","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Competition and profit orientation in microfinance","authors":"Ahadul Kabir Muyeed, Ruoning Han","doi":"10.1002/soej.12687","DOIUrl":"https://doi.org/10.1002/soej.12687","url":null,"abstract":"This study examines how microfinance lenders design their loan contracts to motivate borrower repayments under competition. We develop a model of an individual lending scheme in which a dynamic incentive mechanism is employed to mitigate borrower strategic defaults. We find that competition affects loan terms and borrower welfare in different ways depending on whether lenders are non‐profit or for‐profit. Non‐profits always charge the lowest feasible interest rate and show some degree of leniency toward defaulters by renewing their contracts. An increase in competition leads non‐profits to curtail leniency to a level that induces repayment, without affecting borrower welfare. In contrast, for‐profits charge the highest feasible interest rate and show no leniency to defaulters. They respond to competition by lowering the interest rate, leading to welfare gains for borrowers.","PeriodicalId":47946,"journal":{"name":"Southern Economic Journal","volume":null,"pages":null},"PeriodicalIF":1.9,"publicationDate":"2024-04-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140572453","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Separately measuring home‐field advantage for offenses and defenses: A panel‐data study of constituent channels within collegiate American football","authors":"Matthew J. McMahon, Sarah Marx Quintanar","doi":"10.1002/soej.12682","DOIUrl":"https://doi.org/10.1002/soej.12682","url":null,"abstract":"We improve constituent‐channel estimates of home‐field and neutral‐site advantage for collegiate American football's top division by utilizing a richer, 12‐season data set and by exploiting the COVID‐19 pandemic as a random shock. Novel to the literature, we separately examine points scored by each team, allowing us to identify impacts on each team's offense and defense individually. The information set provided by our model is a strict superset of that provided by the previous standard in the literature, making ours a strictly dominant modeling choice. We demonstrate this improvement theoretically and empirically. Physiologically, away‐team travel distance does not impact their own score, but it increases home‐team scores, consistent with the notion that defenses tire faster than offenses. There is also similar but limited evidence of this effect for neutral‐site teams. Time zones may play a minor role, too. Psychologically, crowd size and density hurt away‐team scores but do not impact home or neutral‐site teams. The away‐team effect disappears in 2020, however, indicating that the pre‐2020 effect is caused by the crowd's noise, not their mere presence. We also find that increasing stadium capacity while holding crowd size constant hurts home‐team scores, highlighting the importance of considering ticket demand when considering stadium expansion. Tactically, stadium familiarity helps offenses, not defenses, while team‐opponent familiarity has the opposite effect. Weather also plays a role. At median values for key variables, we find an overall home‐field advantage of 4.1 points.","PeriodicalId":47946,"journal":{"name":"Southern Economic Journal","volume":null,"pages":null},"PeriodicalIF":1.9,"publicationDate":"2024-04-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140572201","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Effect of prescription opioid control policies on infant health","authors":"Engy Ziedan, Robert Kaestner","doi":"10.1002/soej.12685","DOIUrl":"https://doi.org/10.1002/soej.12685","url":null,"abstract":"Prescription opioid use among women of reproductive age and pregnant women is relatively common, and increased prescription opioid use is associated with a commensurate increase in opioid use disorder (OUD) among pregnant women and neonatal abstinence syndrome (NAS) among infants. In this article, we examine whether state opioid control policies affected prescription opioid use and, in turn, infant health and maternal behaviors. Results from our analysis suggest that reductions in prescription opioid use because of state prescription opioid control policies have improved infant health marginally at the population level with larger implied effects at the individual level.","PeriodicalId":47946,"journal":{"name":"Southern Economic Journal","volume":null,"pages":null},"PeriodicalIF":1.9,"publicationDate":"2024-03-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140375369","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}