Essays on applied microeconomics

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dc.contributor.author Potter, Joel
dc.date.accessioned 2008-05-06T21:07:39Z
dc.date.available 2008-05-06T21:07:39Z
dc.date.issued 2008-05-06T21:07:39Z
dc.date.submitted May 2008 en
dc.identifier.uri http://hdl.handle.net/2097/706
dc.description.abstract This first essay empirically tests the Peltzman Effect utilizing a unique dataset that is used to investigate the behavior of Formula One race car drivers. The race-level dataset was culled from various sources and includes detailed information from a total of 547 Formula One races. A fixed effects model is used to determine whether or not Formula One race car drivers alter their behavior in response to changes in the conditional probability of a casualty given an accident. The empirical estimates support economic theory; Formula One race car drivers become more reckless as their cars become safer, ceteris paribus. Furthermore, the behavioral response of drivers is larger when the analysis is confined to changes in the conditional probability of a fatality given an accident. The second essay utilizes data from the National Youth Survey to reevaluate key conclusions from Fair (1978). This study supports some of Fair's empirical findings; however, the estimates obtained from this research contradict Fair in several key ways. For example, this paper finds that the coefficients of occupation and education are both statistically significant but the signs are opposite to those in Fair (1978). An even more noteworthy contradiction is the negative relationship between years of marriage and infidelity; this suggests that marriage longevity is positively related to that of match quality of the relationship. Also included in these new specifications are independent variables that better control for individual heterogeneity, factors such as general health, race, and alcohol consumption. This essay presents a simple model to characterize the outcome of a land dispute between two rival parties using a Stackelberg game. This study assumes that opposing parties have access to different technologies for challenging and defending in conflict. Conditions are derived under which territorial conflict between the two parties is less likely to persist indefinitely. Allowing for an exogenous destruction term as in Garfinkel and Skaperdas (2000), it is shown that, when the nature of conflict becomes more destructive, the likelihood of a peaceful outcome, in which the territory's initial possessor deters the challenging party, increases if the initial possessor holds more intrinsic value for the disputed land. en
dc.language.iso en_US en
dc.publisher Kansas State University en
dc.subject safety en
dc.subject cheating en
dc.subject regulation en
dc.subject conflict en
dc.subject contest en
dc.title Essays on applied microeconomics en
dc.type Dissertation en
dc.description.degree Doctor of Philosophy en
dc.description.level Doctoral en
dc.description.department Department of Economics en
dc.description.advisor Dennis L. Weisman en
dc.subject.umi Economics, General (0501) en
dc.date.published 2008 en
dc.date.graduationmonth May en

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