Who benefits from an oil boom? Evidence from a unique Alaskan data set

Who Benefits from an Open

In 2001, American security markets switched to decimal pricing. Since then, it is argued, the specialists on theNewYork Stock Exchange (NYSE) and the limit-order traders have been able to change quotes by offering a slightly better price (penny improvement) for a small number of shares. Thus, the inside quotes are no longer a good indicator of market conditions. Addressing the concerns of inves...

The Incidence of an Oil Glut: Who Benefits from Cheap Crude Oil in the Midwest?

Beginning in early 2011, crude oil production in the U.S. Midwest and Canada surpassed the pipeline capacity to transport it to the Gulf Coast where it could access the world oil market. As a result, the U.S. “benchmark” crude oil price in Cushing, Oklahoma, declined substantially relative to internationally traded oil. In this paper, we study how this development affected prices for refined pr...

Who Benefits from Religion?

Many studies have documented the benefits of religious involvement. Indeed, highly religious people tend to be healthier, live longer, and have higher levels of subjective well-being. While religious involvement offers clear benefits to many, in this paper we explore whether it may also be detrimental to some. Specifically, we examine in detail the relation between religious involvement and sub...

Who Benefits from Agglomeration?

Who Benefits from Biotechnology?

All this means that I view the world both from an economic perspective and from the perspective of working with agriculture and farmers. I am an educator who tries to present information in as factual a way as possible and give people the tools and means to form their own opinions. I start from the basic supposition that economics is the study of allocating scarce resources and not simply the s...