Do direct-democratic procedures lead to higher acceptance than political representation?

Public Opinion , Political Representation , and Democratic Choice

Title of dissertation: PUBLIC OPINION, POLITICAL REPRESENTATION, AND DEMOCRATIC CHOICE Michael J. Zenz, Doctor of Philosophy, 2015 Dissertation directed by: Assistant Professor Eric Pacuit Professor Christopher W. Morris Department of Philosophy In this dissertation I argue that political representatives have duties to be responsive to public opinion in their policy decisions. The existence of ...

Do Competitive Advantages Lead to Higher Future Rates of Return?

Economic theory suggests that firms can gain competitive advantage, thereby impeding the normalization of risk-adjusted returns relative to industry peers. Thus, these advantages directly impact a firm’s future profitability as well as the assumptions incorporated into forecasting and valuation models. This paper utilizes realized operating performance, adjusted by estimates of operational risk...

Direct bilirubin higher than total bilirubin?

Both total and direct bilirubin measure the formation of azobilirubin, which is detected at 570/660 nm. The total bilirubin reaction contains surfactant and caffeine, which solubilize “indirect” bilirubin and accelerate the reaction (1). Direct bilirubin is a component of total bilirubin and therefore should always be smaller in value. The presence of a monoclonal immunoglobulin (2220mg/dL) fal...

Higher Deficit Policies Lead to Higher Inflation

Do Leading Indicators Lead Peaks More Than Troughs?∗

We develop a formal statistical approach to investigate the possibility that leading indicator variables have different lead times at business cycle peaks and troughs. For this purpose, we propose a novel Markov switching vector autoregressive model, where economic growth and leading indicators share a common Markov process determining the state, but such that their cycles are non-synchronous w...