Left behind in the wake of the Don\u27t Ask, Don\u27t Tell policy repeal, transgender individuals... more Left behind in the wake of the Don\u27t Ask, Don\u27t Tell policy repeal, transgender individuals remain unable to serve openly in the U.S. military. This discussion beings together representatives from invested parties - transgender veterans, their advocated, the U.S. Army, and the Canadian Armed Forces, which allows transgender individuals to serve openly - and will offer a rare opportunity for all parties to share their perspectives and insights on the issue. The Eisenhower Institute discussion panel will provide a unique forum for community engagement, as well as the opportunity to begin respectful, well-informed conversation about U.S. Department of Defense policies that prevent transgender people from serving openly in the U.S. military.https://cupola.gettysburg.edu/eipresents/1001/thumbnail.jp
Part of the Industrial Organization Commons, and the Public Economics Commons Share feedback abou... more Part of the Industrial Organization Commons, and the Public Economics Commons Share feedback about the accessibility of this item. This is the publisher's version of the work. This publication appears in Gettysburg College's institutional repository by permission of the copyright owner for personal use, not for redistribution. Cupola permanent link:
In my recent experimental research of wholesale electricity auctions, I dis-covered that the comp... more In my recent experimental research of wholesale electricity auctions, I dis-covered that the complex structure of the offers leaves a lot of room for strategic behavior, which consequently leads to anti- competitive and inefficient outcomes in the market. A specific feature of these complex-offer auctions is that the sellers submit not only the quantities and the minimum prices at which they are willing to sell, but also the start-up fees that are designed to reimburse the fixed start-up costs of the generation plants. In this paper, using the experimental method I compare the performance of two complex-offer auctions (COAs) against the per-formance of a simple-offer auction (SOA), in which the sellers have to recover all their generation costs — fixed and variable —through a uniform market-clearing price. I find that the SOA significantly reduces consumer prices and lowers price volatility. It mitigates anti-competitive effects that are present in the COAs and
Risk preferences drive much of human decision making including investment, career and health choi... more Risk preferences drive much of human decision making including investment, career and health choices and many more. Thus, understanding the determinants of risk preferences refines our understanding of choice in a broad array of environments. We assess the relationship between risk preferences, prenatal exposure to sex hormones and gender for a sample of Ladinos, which is an ethnic group comprising 62.86 % of the population of Guatemala. Prenatal exposure to sex hormones has organizational effects on brain development, and has been shown to partially explain risk preferences for Caucasians. We measure prenatal exposure to sex hormones using the ratio of the length of the index finger to the length of the ring finger (2D:4D), which is negatively (positively) correlated with prenatal exposure to testosterone (estrogen). We find that Ladino males are less risk averse than Ladino females, and that Ladino males have lower 2D:4D ratios than Ladino females on both hands. We find that the 2...
Part of the Behavioral Economics Commons, and the Regional Economics Commons Share feedback about... more Part of the Behavioral Economics Commons, and the Regional Economics Commons Share feedback about the accessibility of this item. This is the publisher's version of the work. This publication appears in Gettysburg College's institutional repository by permission of the copyright owner for personal use, not for redistribution. Cupola permanent link:
Part of the Finance Commons, and the Public Economics Commons Share feedback about the accessibil... more Part of the Finance Commons, and the Public Economics Commons Share feedback about the accessibility of this item. This is the publisher's version of the work. This publication appears in Gettysburg College's institutional repository by permission of the copyright owner for personal use, not for redistribution. Cupola permanent link:
The purpose of this paper is to explore risk and abnormal returns in markets for financial transm... more The purpose of this paper is to explore risk and abnormal returns in markets for financial transmission rights (FTRs). In power markets, Financial Transmission Rights (FTRs) are used by generators and energy suppliers to hedge congestion charges on the grid as well as by speculators attempting to capture a profit. FTRs are defined between two points or locations on the power grid, known as a path. These instruments accrue their value based on the differential prices between two points or locations on the power grid. This paper examines two segments of the FTR market. The first segment examines risk and return in the context of On Peak versus Off Peak hours. The second segment is on differences between FTR positions of a macro grid perspective versus positions of a micro grid perspective. Two major findings are offered in this paper. The first finding is very surprising in that it suggest FTRs defined over a path from a macro grid perspective are more risky than those defined over a ...
Left behind in the wake of the Don\u27t Ask, Don\u27t Tell policy repeal, transgender individuals... more Left behind in the wake of the Don\u27t Ask, Don\u27t Tell policy repeal, transgender individuals remain unable to serve openly in the U.S. military. This discussion beings together representatives from invested parties - transgender veterans, their advocated, the U.S. Army, and the Canadian Armed Forces, which allows transgender individuals to serve openly - and will offer a rare opportunity for all parties to share their perspectives and insights on the issue. The Eisenhower Institute discussion panel will provide a unique forum for community engagement, as well as the opportunity to begin respectful, well-informed conversation about U.S. Department of Defense policies that prevent transgender people from serving openly in the U.S. military.https://cupola.gettysburg.edu/eipresents/1001/thumbnail.jp
Part of the Industrial Organization Commons, and the Public Economics Commons Share feedback abou... more Part of the Industrial Organization Commons, and the Public Economics Commons Share feedback about the accessibility of this item. This is the publisher's version of the work. This publication appears in Gettysburg College's institutional repository by permission of the copyright owner for personal use, not for redistribution. Cupola permanent link:
In my recent experimental research of wholesale electricity auctions, I dis-covered that the comp... more In my recent experimental research of wholesale electricity auctions, I dis-covered that the complex structure of the offers leaves a lot of room for strategic behavior, which consequently leads to anti- competitive and inefficient outcomes in the market. A specific feature of these complex-offer auctions is that the sellers submit not only the quantities and the minimum prices at which they are willing to sell, but also the start-up fees that are designed to reimburse the fixed start-up costs of the generation plants. In this paper, using the experimental method I compare the performance of two complex-offer auctions (COAs) against the per-formance of a simple-offer auction (SOA), in which the sellers have to recover all their generation costs — fixed and variable —through a uniform market-clearing price. I find that the SOA significantly reduces consumer prices and lowers price volatility. It mitigates anti-competitive effects that are present in the COAs and
Risk preferences drive much of human decision making including investment, career and health choi... more Risk preferences drive much of human decision making including investment, career and health choices and many more. Thus, understanding the determinants of risk preferences refines our understanding of choice in a broad array of environments. We assess the relationship between risk preferences, prenatal exposure to sex hormones and gender for a sample of Ladinos, which is an ethnic group comprising 62.86 % of the population of Guatemala. Prenatal exposure to sex hormones has organizational effects on brain development, and has been shown to partially explain risk preferences for Caucasians. We measure prenatal exposure to sex hormones using the ratio of the length of the index finger to the length of the ring finger (2D:4D), which is negatively (positively) correlated with prenatal exposure to testosterone (estrogen). We find that Ladino males are less risk averse than Ladino females, and that Ladino males have lower 2D:4D ratios than Ladino females on both hands. We find that the 2...
Part of the Behavioral Economics Commons, and the Regional Economics Commons Share feedback about... more Part of the Behavioral Economics Commons, and the Regional Economics Commons Share feedback about the accessibility of this item. This is the publisher's version of the work. This publication appears in Gettysburg College's institutional repository by permission of the copyright owner for personal use, not for redistribution. Cupola permanent link:
Part of the Finance Commons, and the Public Economics Commons Share feedback about the accessibil... more Part of the Finance Commons, and the Public Economics Commons Share feedback about the accessibility of this item. This is the publisher's version of the work. This publication appears in Gettysburg College's institutional repository by permission of the copyright owner for personal use, not for redistribution. Cupola permanent link:
The purpose of this paper is to explore risk and abnormal returns in markets for financial transm... more The purpose of this paper is to explore risk and abnormal returns in markets for financial transmission rights (FTRs). In power markets, Financial Transmission Rights (FTRs) are used by generators and energy suppliers to hedge congestion charges on the grid as well as by speculators attempting to capture a profit. FTRs are defined between two points or locations on the power grid, known as a path. These instruments accrue their value based on the differential prices between two points or locations on the power grid. This paper examines two segments of the FTR market. The first segment examines risk and return in the context of On Peak versus Off Peak hours. The second segment is on differences between FTR positions of a macro grid perspective versus positions of a micro grid perspective. Two major findings are offered in this paper. The first finding is very surprising in that it suggest FTRs defined over a path from a macro grid perspective are more risky than those defined over a ...
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