Honors Projects for Economics

Permanent URI for this collection


Recent Submissions

Now showing 1 - 5 of 9
  • Item
    Emergency Department Utilization, Costs and Effects of the Homeless in Hawai’i
    (University of Hawaii at Manoa, 2014) Mochizuki, Kenta ; Traczynski, Jeffrey ; Economics
    The homeless situation is a great concern for many here in Hawaii. Between 2012 and 2013, Hawaii had the 2nd highest homeless person per capita ratio, surpassed only by the District of Columbia (National Alliance to End Homelessness 2014). The purpose of this research is to find an estimate of the financial impact that the cost of homeless healthcare is having on hospitals, physicians and tax payers and increase what is known about the homeless in Hawai`i. My data will come from the HMIS homeless database and the MEPS medical database. My research will be done in four parts. The first will be to rebuild the fragmented homeless dataset. The second is to organize my homeless sample and the MEPS data into bins. The third is to create tables and other figures based upon that data. The fourth is to analyze my tables, other figures and dataset. The fifth is to use computational methods to derive the needed estimates. The findings of this paper were that the homeless go to the emergency department much more than those in the general population. The homeless have a much lower insurance coverage rate than that of the general population. The mean and median total unpaid estimate for the homeless population who received emergency and outreach services is $28,127,689.59 and $15,788,303.30. Having uninsured homeless individuals obtain Medicaid, does not immediately increase payment amounts to emergency physicians.
  • Item
    A Comparative Analysis of Energy Policy: Europe vs. the US
    (University of Hawaii at Manoa, 2014) Doherty, Kevin ; Karacaovali, Baybars ; Economics
    This paper argues that the elasticity of demand for energy in the US and Europe is the main driver of their energy related policy. First, elasticity of demand for energy, which is a measure of how responsive people’s consumption of energy is to changes in energy prices and people’s income, is broken down into its main components: Population distribution, existing infrastructure, and historical economic drivers. Next, each subsection of these components are investigated to show how they affect the elasticity of demand for energy. Finally, the socio- political climates of both the US and Europe are analyzed to show the manifestation of policy driven by the elasticity of demand for energy. Due to the high elasticity of demand for energy in Europe, there exist policies that reflect the population’s ability to substitute for energy saving alternatives. Likewise, in the United States, there is a relative lack of policies that incentivize consumers to change their behavior due to the lower elasticity of demand for energy.
  • Item
    Life Satisfaction of Undergraduate Students: Extrinsic and Intrinsic Motivators
    (University of Hawaii at Manoa, 2017-05) Kozai, Landon ; Love, Inessa ; Economics
    In college, choosing a major involves thinking about its extrinsic and intrinsic attributes, for instance its pecuniary benefits versus the degree to which it is internally rewarding. Some students may choose lucrative majors over those which they believe are internally rewarding and vice versa. Previous research has shown that those who pursue intrinsic goals are happier relative to those who pursue extrinsic ones. However, people tend to overestimate the life satisfaction gained by extrinsic needs while underestimating the satisfaction gained by intrinsic needs. It is possible that students choosing a major for reasons conflicting with their personal goals may suffer from lowered life satisfaction. Nonetheless, the temporary circumstances of college students may create a unique dynamic from what has previously been studied. 270 University of Hawai’i at Mānoa college students were surveyed at random. Constructs such as optimism and feelings of community, among others, were found to be indicators of increased life satisfaction. This research may suggest that factors such as the possibility of employment and financial prospects, in addition to other known correlates are key determinants of life satisfaction in college students.
  • Item
    Coalition Formation with Multiple Payoff Pots
    (University of Hawaii at Manoa, 2015-05) Yee, Bryson ; Juarez, Ruben ; Economics
    We study the behaviors of individuals who form groups in order to cumulate power to win payoffs in theoretical scenarios. Individuals are given an arbitrary power and must form coalitions in multiple successive game rounds with multiple payoff pots of varying and decreasing value. Individual powers are additive in a coalition and must be large enough in order to overcome the collective powers of other coalitions that may form. All individuals have the option to form, join, or not join a coalition presented by either themselves or other agents in a given round. A consolatory pot in a later round may yield a higher payout for a certain agent if that agent does not need to share it with other agents, exposing a high level of strategy for each individual playing the game. We present several different theoretical scenarios using test groups of three individuals with predetermined powers and calculate the rational course of action for each individual based on their power. Generalized three-agent models are presented. Additionally, scenarios of larger four agent coalitions are also analyzed for the best courses of action. Focus is put on analyzing the differences in strategy that arises in differences in sharing type and payout pot size.
  • Item
    Japanese Trade Policy: Has Japan Jumped on the Bandwagon of Bilateralism
    (University of Hawaii at Manoa, 2015-05) Wainwright, William ; Karacaovali, Baybars ; Economics
    Since its reopening to the rest of the world in 1868, Japan’s economy and trade policy have continued to evolve an prosper. However, in less than 50 years following the conclusion of World War II, Japan has propelled itself to becoming the world’s 3rd largest economy. Japan’s trade policy like the state of its economy has changed as well. In 50 years following the end of World War II a significant amount of trade liberalization occurred under the auspices of the General Agreement on Tariffs and Trade (GATT), and it’s successor the World Trade Organization (WTO). The formation of free trade agreements (FTAs) is a relatively new phenomenon not only in Asia, but worldwide. However, since the early 1990s the number of free trade agreements (FTAs) has skyrocketed. Despite their popularity in other parts of the world, FTAs were almost nonexistent in Asia until the formation of the Japan-Singapore FTA (JSEPA) in 2002. Using a qualitative choice model this paper attempts to identify the economic and political factors that determine the formation of FTAs in the case of Japan.