The American economist最新文献

{"title":"Book Review: Adam Smith’s America: How a Scottish Philosopher Became an Icon of American Capitalism","authors":"B. Bateman","doi":"10.1177/05694345231175188","DOIUrl":"https://doi.org/10.1177/05694345231175188","url":null,"abstract":"sports economics classes. In fact, I would recommend this book as a textbook for an undergraduate course in sports economics. I would also recommend this work for general readers without a background in economics to help them become familiar with a broad range of microeconomic concepts. My one caveat on this recommendation is that he uses some economic terminology that have precise meanings to other economists that are not explained completely or are used in a more general sense that might mislead an uninformed reader. One instance of this is when he explains why ticket prices differ and he uses the term price discrimination. In formal microeconomics, this term has a very specific definition: selling the same product at different prices when there is no difference in cost. He then explains how dynamic pricing is a form of price discrimination. While it is true that dynamic pricing, a form of surge pricing, explains why ticket prices differ, dynamic pricing is not a form of price discrimination. The prices differ because demand differs at different times which is not price discrimination. I admit I am a stickler on this point, but if the object of the book is to teach microeconomics, then using precise language correctly is essential. And, on occasion, Dr. Oyer is not as precise with his terminology as he could be. On the other hand, if the object of the book is to entertain and, in so doing, introduce the idea of economic reasoning, then Dr. Oyer’s writing meets this goal. One final concern I have is with the chapter, “Why do athletes cheat and lie?”Dr. Oyer suggests as a policy prescription that we allow athletes to use performance enhancing drugs without sanctions. The author suggests that given the difficulty in monitoring cheaters, and the nature of the prisoner’s dilemma dominate strategy equilibrium, the pragmatic solution is to make performance enhancing drugs legal for athletes. Although I understand his reasoning for the policy suggestion, I believe he neglects the external costs this policy creates. Athletes are role models for young people and celebrity endorsers for products such as Nike and Under Armor. If performance enhancing drugs become legal for athletes, young people may start to utilize these drugs to emulate their role models. This negative externality needs to be addressed in the policy prescription. This, however, is only a minor criticism of an overall wonderful book. To recap, Paul Oyer’s book “An Economist Goes to the Game” is a series of nine essays that provide a delightful and useful overview of sports economics topics. This is a book I would recommend for an undergraduate sports economics course, recommend to friends with an interest in sports and economics, and also a book to keep on your own bookshelf. “In every job that must be done, there is an element of fun. You find the fun, and – SNAP – the job’s a game!”—Mary Poppins. In this book, Paul Oyer has found the fun in difficult economic concepts.","PeriodicalId":85623,"journal":{"name":"The American economist","volume":"68 1","pages":"337 - 340"},"PeriodicalIF":0.0,"publicationDate":"2023-05-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47609818","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":"To Dodd-Frank and Back: Regulatory Burden and the Economic Growth, Regulatory Relief, and Consumer Protection Act","authors":"Hoanh-Su Le, Joseph M. Santos","doi":"10.1177/05694345221148210","DOIUrl":"https://doi.org/10.1177/05694345221148210","url":null,"abstract":"We measure the regulatory burden Dodd-Frank imposes and the regulatory relief the Economic Growth, Regulatory Relief, and Consumer Protection Act (EGRRCPA) affords. We analyze burden and relief on various measures of bank performance. And we emphasize community-bank holding companies (BHC). Based on data in the Consolidated Financial Statements for Holding Companies (FR-Y9C) reports from 1991 to 2019 and a model of a price-taking intermediary, we parsimoniously specify each performance measure as a function of BHC-specific observable variables, BHC-specific unobservable heterogeneity, Dodd-Frank regulation, and EGRRCPA relief. On balance, we find Dodd-Frank reduces loans per assets and loans per employee, while it increases non-interest expenses. Meanwhile, EGRRCPA provides some regulatory relief. For example, for mid-sized community BHCs, the implementation of EGRRCPA increases return on assets by roughly 23 basis points annually. JEL Codes : G21, G28","PeriodicalId":85623,"journal":{"name":"The American economist","volume":"68 1","pages":"189 - 215"},"PeriodicalIF":0.0,"publicationDate":"2023-04-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44840733","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":"ChatGPT has Aced the Test of Understanding in College Economics: Now What?","authors":"W. Geerling, G. D. Mateer, Jadrian Wooten, Nikhil Damodaran","doi":"10.1177/05694345231169654","DOIUrl":"https://doi.org/10.1177/05694345231169654","url":null,"abstract":"The Test of Understanding in College Economics (TUCE) is a standardized test of economics knowledge performed in the United States which primarily targets principles-level understanding. We asked ChatGPT to complete the TUCE. ChatGPT ranked in the 91st percentile for Microeconomics and the 99th percentile for Macroeconomics when compared to students who take the TUCE exam at the end of their principles course. The results show that ChatGPT is capable of providing answers that exceed the mean responses of students across all institutions. The emergence of artificial intelligence presents a significant challenge to traditional assessment methods in higher education. An important implication of this finding is that educators will likely need to redesign their curriculum in at least one of the following three ways: reintroduce proctored, in-person assessments; augment learning with chatbots; and/or increase the prevalence of experiential learning projects that artificial intelligence struggles to replicate well.","PeriodicalId":85623,"journal":{"name":"The American economist","volume":"68 1","pages":"233 - 245"},"PeriodicalIF":0.0,"publicationDate":"2023-04-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49313346","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":"Obesity and Food Access: Do Consumer Preferences Matter","authors":"Sara Coyle, Sean Keehan, Jeremy Schwartz","doi":"10.1177/05694345231166410","DOIUrl":"https://doi.org/10.1177/05694345231166410","url":null,"abstract":"The existing literature is mixed on the degree and type of food access that matters for obesity. This may be because studies do not consider the degree that consumers are satisfied with the local food establishments. For instance, a supermarket may have little impact on obesity if consumers prefer to go elsewhere. This paper contributes to the literature by disaggregating different aspects of the food environment, exploring smaller geographic areas than many other studies, and examining whether consumer preferences for different food establishments matter. We find evidence that the benefits of supermarkets in reducing obesity are concentrated in those preferred by consumers. In addition, while less robust, we find the negative effects of convenience stores, and takeout restaurants are mostly attributable to poorly rated establishments. Policy should focus on not only addressing food deserts but also areas that have supermarkets that consumers feel are poor options. JEL Codes: I12, D12, Q18, R3","PeriodicalId":85623,"journal":{"name":"The American economist","volume":"68 1","pages":"301 - 325"},"PeriodicalIF":0.0,"publicationDate":"2023-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49405454","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":"Book Review: Adam Smith’s America: How a Scottish Philosopher Became an Icon of American Capitalism","authors":"J. Wight","doi":"10.1177/05694345231162667","DOIUrl":"https://doi.org/10.1177/05694345231162667","url":null,"abstract":"","PeriodicalId":85623,"journal":{"name":"The American economist","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46357820","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 Michael Szenberg Prize for the Best Article Published by The American Economist","authors":"Carlos J. Asarta","doi":"10.1177/05694345231154682","DOIUrl":"https://doi.org/10.1177/05694345231154682","url":null,"abstract":"","PeriodicalId":85623,"journal":{"name":"The American economist","volume":"68 1","pages":"4 - 4"},"PeriodicalIF":0.0,"publicationDate":"2023-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42859702","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":"Corrigendum to Gender and Racial Discrimination in the U.S. Music Industry","authors":"","doi":"10.1177/05694345221122085","DOIUrl":"https://doi.org/10.1177/05694345221122085","url":null,"abstract":"This study summarizes and analyzes the gender and racial discrimination that musicians may face in the music labor market of the United States, with a focus on exploring gender and race interactions’ effects on the economic return of musicians. This study is based on a survey of 1,227 musicians in the United States in 2018, which was conducted by the Music Industry Research Association (MIRA) and the Princeton University Survey Research Center (SRC), in partnership with MusiCares. The survey reveals that females, who make up about one-third of the population of musicians, report experiencing high rates of discrimination and sexual harassment. When considering female musicians, 72% report that they have been discriminated against because of their gender, and 67% report that they have been the victim of sexual harassment; corresponding figures for U.S. women more generally are 28% and 42%, respectively. For non-White musicians, 63% said they faced racial discrimination, as compared to 36% of on-White self-employed workers nationwide who said the same. Although the descriptive statistics suggest that musicians are suffering from both gender and racial discrimination, no initial empirical evidence has been found that this would have a negative impact on musicians’ music-related earnings. The interaction effects between gender and race in both general and specific forms on music-related earnings are studied to further explore the possible effect of gender/racial discrimination on the economic return to musicians’ music-related activities; however, although some race-associated differences have been found, the evidence of racial discrimination on the economic return is not strong. JEL Classifications: J15, J16, J44, J49","PeriodicalId":85623,"journal":{"name":"The American economist","volume":"68 1","pages":"168 - 168"},"PeriodicalIF":0.0,"publicationDate":"2023-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"65153458","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":"Book Review: An Economist Goes to the Game: How to Throw Away $58 Million and Other Surprising Insights From the Economics of Sports","authors":"Peter A Groothuis","doi":"10.1177/05694345231161405","DOIUrl":"https://doi.org/10.1177/05694345231161405","url":null,"abstract":"","PeriodicalId":85623,"journal":{"name":"The American economist","volume":"68 1","pages":"336 - 337"},"PeriodicalIF":0.0,"publicationDate":"2023-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47306026","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 ODE Graduate Research Award Competition Sponsored by Omicron Delta Epsilon International Honor Society in Economics","authors":"","doi":"10.1177/05694345231154694","DOIUrl":"https://doi.org/10.1177/05694345231154694","url":null,"abstract":"","PeriodicalId":85623,"journal":{"name":"The American economist","volume":"68 1","pages":"166 - 166"},"PeriodicalIF":0.0,"publicationDate":"2023-01-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43412812","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 ODE Undergraduate Research Award Competition Sponsored by Omicron Delta Epsilon International Honor Society in Economics","authors":"","doi":"10.1177/05694345231154696","DOIUrl":"https://doi.org/10.1177/05694345231154696","url":null,"abstract":"","PeriodicalId":85623,"journal":{"name":"The American economist","volume":"68 1","pages":"167 - 167"},"PeriodicalIF":0.0,"publicationDate":"2023-01-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47526000","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}