Browsing UMBC Economics Department by Issue Date
Now showing items 1-20 of 60
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Using Environmental Benefit-Cost Analysis to Improve Government Performance
(Resources for the Future, 1998-12)In this paper we first describe the legal and administrative basis of mandates that variously require and eschew economic measures for environmental management. We then summarize the steps involved in benefit-cost analysis ... -
Assessing the health benefits of air pollution reduction for children
(Environmental Health Perspectives, 2004-02-01)Benefit-cost analyses of environmental regulations are increasingly mandated in the United States. Evaluations of criteria air pollutants have focused on benefits and costs associated with adverse health effects. Children ... -
State Water Pollution Control Policy Insights from a Reduced-Form Model
(American Society of Civil Engineers, 2004-02-19)Regulatory policy analyses are often based on the results of computer-intensive models that have limitations resulting from their complexity, size, and run-time requirements. This paper describes and applies a reduced-form ... -
A Lapse of Concentration Omitted Variables, Board Structure and Firm Performance
(2004-10)Previous analyses of the relationship between board structure and firm performance have not considered how that relationship is affected by external ownership concentration. This paper illustrates how, as a result of this ... -
Pollution Trading in Water Quality Limited Areas: Use of Benefits Assessment and Cost-Effective Trading Ratios
(University of Wisconsin Press, 2005-05-01)This paper proposes a water quality trading design that addresses common implementation problems. Trading ratios, which are calculated from damages integrated over each source’s spatial zone of influence, drive the system ... -
Trinko V. Baxter: The Demise of U.S. V. At&T
(Elsevier, 2005-11-04)The Supreme Court's decision in Verizon v. Trinko, especially in relying on regulation to justify limiting the scope of antitrust enforcement, contradicts both the outcome in U.S. v. AT&T twenty years ago and the theory ... -
Foreclosures of Subprime Mortgages in Chicago - Analyzing the Role of Predatory Lending Practices
(OCC, 2006-08)A dramatic rise in subprime foreclosures over the past several years has led to calls for restrictions of, or prohibitions against, a range of lending practices loosely termed "predatory." Several cities and states have ... -
Predatory lending practices and subprime foreclosures: Distinguishing impacts by loan category
(Elsevier, 2007-10-10)A recent dramatic rise in subprime foreclosures has led to calls for restrictions against a range of loan features loosely termed “predatory.” Several cities and states have enacted regulations to curb predatory practices, ... -
BUNDLED REBATES AS EXCLUSION RATHER THAN PREDATION
(Oxford University Press, 2008-03-19)Prevailing tests for whether bundled rebate programs are anticompetitive, including the recent Antitrust Modernization Commission Recommendation 17, are based on whether some incremental or total price in the rebate program ... -
An Analysis of the Impact of Introducing Video Lottery Terminals in Maryland
(Maryland Institute for Policy Analysis and Research, 2008-10-14) -
The Benefit-Cost Analysis of Security Focused Regulations
(De Gruyter, 2009-04-18)Security focused regulations have been largely exempt from the benefit-cost type of analysis required for major Federal regulations and done routinely in areas such as transportation, environment and safety. Among the ... -
Loan Loss Reserves, Accounting Constraints, and Bank Ownership Structure
(Federal Reserve Bank of Richmond, 2011-12) -
Origination Channel, Prepayment Penalties, and Default
(Wiley, 2012-01-18)This article presents evidence that nonbank‐originated subprime mortgages have a higher probability of default than bank‐originated subprime mortgages, but only for loans with prepayment penalties. Evidence also indicates ... -
Loan Loss Reserve Accounting and Bank Behavior
(Federal Reserve Bank of Richmond, 2012-03) -
Comparing multistate expected damages, option price and cumulative prospect measures for valuing flood protection
(American Geophysical Union, 2013-04-02)Floods are risky events ranging from small to catastrophic. Although expected flood damages are frequently used for economic policy analysis, alternative measures such as option price (OP) and cumulative prospect value ... -
Geographic Variation in Subprime Loan Features, Foreclosures, and Prepayments
(MIT Press, 2013-05-13)Using data on subprime mortgages from ten cities, I examine geographic variation in the effects of prepayment penalties, balloon loans, and reduced documentation on the probabilities of foreclosure and prepayment. Results ... -
How (Not) to Lie with Benefit-Cost Analysis
(De Gruyter, 2013-11-22)Benefit-cost analysis is the applied side of welfare economics. Its broad use in support of public decisions draws both detractors and defenders. This tongue-in-cheek piece demonstrates that knowing how ... -
Slot Machine Payback Percentages: The Devil is in the Moment
(University of Buckingham Press, 2014-07-08)The average payback percentage from slot machines is important to gamblers, casinos and governments. While apparently simple to define several complications can exist, among them which measure to average and potentially ... -
Loan loss provisions, accounting constraints, and bank ownership structure
(Elsevier, 2014-12-31)We examine bank-level changes in the relationship between earnings and loan loss provisioning, a measure of earnings management, following the tightening of accounting constraints associated with the SEC's 1998 SunTrust ... -
Residual Risk Accounting: A Pilot Study
(Wiley Online Library, 2015-04-15)Risks such as flooding, oil spills, deaths, and unemployment continue despite numerous policies to prevent and mitigate their effects. Such policies are typically analyzed in their natural units such as jobs making comparison ...