Dissertation
ESSAYS IN APPLIED MICROECONOMICS
Washington State University
Doctor of Philosophy (PhD), Washington State University
01/2022
DOI:
https://doi.org/10.7273/000004641
Handle:
https://hdl.handle.net/2376/125251
Abstract
In the first chapter, we develop a model that explains why firms might set prices below equilibrium levels and thereby create a perception of scarcity in the market. We show that if the perception of scarcity is a demand shifter, it can result in higher cumulative profits over time. We expound on the theoretical insights provided by the model using data from the market for cult wines. Our results indicate the larger the difference between the actual price a winemaker charges for a certain bottle of wine and the average market price for the same bottle of wine in the secondary market, the higher the market price will be for the next vintage of the same wine in the following year. In the second chapter, we study how price discrepancy between the primary and secondary markets for cult wines is affected by weather conditions. Our findings suggest that favorable weather conditions should lead to a smaller price gap due to an increase in the supply of cult wines. The result of our empirical analysis suggests warmer temperature in the months of April-September leads to smaller price gap. The analysis also show rain is a significant factor. We find that more rains leading to less variation in prices between the primary and secondary markets.
In the third chapter, I analyze how corruption in immigrants’ home countries influences their migration to the United States. While many previous studies suggest a positive correlation between domestic corruption and emigration, this is not always the case. Using the change point estimation, I segment the U.S. immigration data into three distinct partitions based on their corruption scores. The results of the fixed-effects estimator suggests that positive correlation between corruption and immigration exists only for countries with medium level of corruption. On the other hand, people from countries with low and high levels of corruption immigrate less as domestic corruption increases.
Metrics
1 File views/ downloads
35 Record Views
Details
- Title
- ESSAYS IN APPLIED MICROECONOMICS
- Creators
- Botir B Okhunjanov
- Contributors
- Jill J. McCluskey (Advisor)Ron C Mittelhammer (Committee Member)Ana Espinola-Arredondo (Committee Member)
- Awarding Institution
- Washington State University
- Academic Unit
- School of Economic Sciences
- Theses and Dissertations
- Doctor of Philosophy (PhD), Washington State University
- Publisher
- Washington State University
- Number of pages
- 113
- Identifiers
- 99900898931501842
- Language
- English
- Resource Type
- Dissertation