Gilbert Yochum - Academia.edu (original) (raw)

Papers by Gilbert Yochum

Research paper thumbnail of An analysis of Smith Travel Research occupancy estimates: a case study of Virginia Beach Hotels

The Cornell Hotel and Restaurant Administration Quarterly, 2002

This article is not included in your organization's subscription. However, you may be able t... more This article is not included in your organization's subscription. However, you may be able to access this article under your organization's agreement with Elsevier. ... Smith Travel Research's estimates of lodging occupancy in Virginia Beach have improved over time, most likely because its ...

Research paper thumbnail of Economic Analysis of the Atlantic Avenue Beautification Project

Research paper thumbnail of The role of money in determining election outcomes

Research paper thumbnail of The market for special interest campaign funds: An exploratory approach

Public Choice, 1980

ABSTRACT The results of our study support the rational behavior theory of political participation... more ABSTRACT The results of our study support the rational behavior theory of political participation. An economic market exists for special interest campaign contributions. Campaign funds will be exchanged if money is important to election outcomes and there is a rate of return for political contributions at least equal to that from alternative forms of investment. Demand factors are important in the campaign funds market. Political candidates are found to substitute private funds for special interest campaign contributions.In general, this study appears to have provided sufficiently useful results based on theoretical expectations, to merit additional research. We consider our analysis to be exploratory. Future research should concentrate on the apparent simultaneity among the productivity of campaign funds, the determinants of campaign funds and legislative decision-making. Econometric estimation, however, should not proceed withoui a more formal development of a theory of the collective decision making process.A final note on the implications of our study for campaign finance reform. The Campaign Finance Reform Act of 1975 sought to limit special interest contributions. The imposition of limits on campaign contributions can be considered analogous to artificial controls in other economic markets, Given the imposition of limits, it seems likely that a black market in special interest funds will develop. This black market may take many forms: the proliferation of Political Action Committees, the laundering of campaign funds, and extra-political payments. Because of the fluid nature of the special interest market, enforcement costs of contribution limits will be extensive. From an enforcement standpoint, additionally, the existence of a special interest black market represents a crime without a victim. Contribution limits will not reduce the influence of special interest contributors.

Research paper thumbnail of Static and changing port economic impacts

Maritime Policy & Management, 1988

This paper attempts to provide general guidelines for conducting a port' economic... more This paper attempts to provide general guidelines for conducting a port' economic impact analysis. In so doing, a methodology is proposed to organize efficiency the search for port-related industries and to determine the degree of their dependence on a port. this methodology is applied to the port of Hampton Roads. In addition, some constraints in predicting the changes in the

Research paper thumbnail of Minority groups and home purchase: Estimates of internal and external discrimination

Journal of Behavioral Economics, 1980

Research paper thumbnail of Permanent Labor Certifications for Alien Professionals, 1975-1982

International Migration Review, 1988

Research paper thumbnail of Tourism and advertising: Evidence from Virginia beach

International Advances in Economic Research, 1998

... Page 8. AGARWAL AND YOCHUM: TOURISM AND ADVERTISING 391 information on household income, orig... more ... Page 8. AGARWAL AND YOCHUM: TOURISM AND ADVERTISING 391 information on household income, origin of visitors, visitors' length of stay, alternative resorts considered, and spending patterns for each overnight visiting party. ...

Research paper thumbnail of Employment and Changing Technology in the Postwar Railroad Industry

Industrial Relations: A Journal of Economy and Society, 1991

... The significant negative employment effect of deregulation may have been manifested through a... more ... The significant negative employment effect of deregulation may have been manifested through a change in the basic premises of industrial relations in the railroad industry (Gil, 1986). In particular, in order to insure railway viability vig-a-vis the trucking industry in the post ...

Research paper thumbnail of Economic Impact of a Port on a Regional Economy: Note

Growth and Change, 1987

This paper attempts to identify and adjust for several shortcomings of previous port impact studi... more This paper attempts to identify and adjust for several shortcomings of previous port impact studies in the estimation of primary port economic impact. These shortcomings are found to create the potential for both positive and negative bias. Also presented in this paper is a technique for circumventing several practical problems in the estimation of secondary economic impact. These adjustments are applied to estimate the economic impact of the Port of Hampton Roads, Virginia.

Research paper thumbnail of A Case Study of Virginia Beach Hotels: An Analysis of Smith Travel Research Occupancy Estimates

Cornell Hospitality Quarterly, 2002

Research paper thumbnail of RACIAL DIFFERENTIALS IN HOME PURCHASE: THE EVIDENCE FROM NEWLY FORMED HOUSEHOLDS*

Economic Inquiry, 1982

Page 1. RACIAL DIFFERENTIALS IN HOME PURCHASE: THE EVIDENCE FROM NEWLY-FORMED HOUSEHOLDS* JONATHA... more Page 1. RACIAL DIFFERENTIALS IN HOME PURCHASE: THE EVIDENCE FROM NEWLY-FORMED HOUSEHOLDS* JONATHAN SILBERMAN,' GILBERT YOCHUM,* and KEITH IHLANFELDT” I. INTRODUCTION Recent contributions ...

Research paper thumbnail of An analysis of Smith Travel Research occupancy estimates: a case study of Virginia Beach Hotels

The Cornell Hotel and Restaurant Administration Quarterly, 2002

This article is not included in your organization's subscription. However, you may be able t... more This article is not included in your organization's subscription. However, you may be able to access this article under your organization's agreement with Elsevier. ... Smith Travel Research's estimates of lodging occupancy in Virginia Beach have improved over time, most likely because its ...

Research paper thumbnail of Economic Analysis of the Atlantic Avenue Beautification Project

Research paper thumbnail of The role of money in determining election outcomes

Research paper thumbnail of The market for special interest campaign funds: An exploratory approach

Public Choice, 1980

ABSTRACT The results of our study support the rational behavior theory of political participation... more ABSTRACT The results of our study support the rational behavior theory of political participation. An economic market exists for special interest campaign contributions. Campaign funds will be exchanged if money is important to election outcomes and there is a rate of return for political contributions at least equal to that from alternative forms of investment. Demand factors are important in the campaign funds market. Political candidates are found to substitute private funds for special interest campaign contributions.In general, this study appears to have provided sufficiently useful results based on theoretical expectations, to merit additional research. We consider our analysis to be exploratory. Future research should concentrate on the apparent simultaneity among the productivity of campaign funds, the determinants of campaign funds and legislative decision-making. Econometric estimation, however, should not proceed withoui a more formal development of a theory of the collective decision making process.A final note on the implications of our study for campaign finance reform. The Campaign Finance Reform Act of 1975 sought to limit special interest contributions. The imposition of limits on campaign contributions can be considered analogous to artificial controls in other economic markets, Given the imposition of limits, it seems likely that a black market in special interest funds will develop. This black market may take many forms: the proliferation of Political Action Committees, the laundering of campaign funds, and extra-political payments. Because of the fluid nature of the special interest market, enforcement costs of contribution limits will be extensive. From an enforcement standpoint, additionally, the existence of a special interest black market represents a crime without a victim. Contribution limits will not reduce the influence of special interest contributors.

Research paper thumbnail of Static and changing port economic impacts

Maritime Policy & Management, 1988

This paper attempts to provide general guidelines for conducting a port' economic... more This paper attempts to provide general guidelines for conducting a port' economic impact analysis. In so doing, a methodology is proposed to organize efficiency the search for port-related industries and to determine the degree of their dependence on a port. this methodology is applied to the port of Hampton Roads. In addition, some constraints in predicting the changes in the

Research paper thumbnail of Minority groups and home purchase: Estimates of internal and external discrimination

Journal of Behavioral Economics, 1980

Research paper thumbnail of Permanent Labor Certifications for Alien Professionals, 1975-1982

International Migration Review, 1988

Research paper thumbnail of Tourism and advertising: Evidence from Virginia beach

International Advances in Economic Research, 1998

... Page 8. AGARWAL AND YOCHUM: TOURISM AND ADVERTISING 391 information on household income, orig... more ... Page 8. AGARWAL AND YOCHUM: TOURISM AND ADVERTISING 391 information on household income, origin of visitors, visitors' length of stay, alternative resorts considered, and spending patterns for each overnight visiting party. ...

Research paper thumbnail of Employment and Changing Technology in the Postwar Railroad Industry

Industrial Relations: A Journal of Economy and Society, 1991

... The significant negative employment effect of deregulation may have been manifested through a... more ... The significant negative employment effect of deregulation may have been manifested through a change in the basic premises of industrial relations in the railroad industry (Gil, 1986). In particular, in order to insure railway viability vig-a-vis the trucking industry in the post ...

Research paper thumbnail of Economic Impact of a Port on a Regional Economy: Note

Growth and Change, 1987

This paper attempts to identify and adjust for several shortcomings of previous port impact studi... more This paper attempts to identify and adjust for several shortcomings of previous port impact studies in the estimation of primary port economic impact. These shortcomings are found to create the potential for both positive and negative bias. Also presented in this paper is a technique for circumventing several practical problems in the estimation of secondary economic impact. These adjustments are applied to estimate the economic impact of the Port of Hampton Roads, Virginia.

Research paper thumbnail of A Case Study of Virginia Beach Hotels: An Analysis of Smith Travel Research Occupancy Estimates

Cornell Hospitality Quarterly, 2002

Research paper thumbnail of RACIAL DIFFERENTIALS IN HOME PURCHASE: THE EVIDENCE FROM NEWLY FORMED HOUSEHOLDS*

Economic Inquiry, 1982

Page 1. RACIAL DIFFERENTIALS IN HOME PURCHASE: THE EVIDENCE FROM NEWLY-FORMED HOUSEHOLDS* JONATHA... more Page 1. RACIAL DIFFERENTIALS IN HOME PURCHASE: THE EVIDENCE FROM NEWLY-FORMED HOUSEHOLDS* JONATHAN SILBERMAN,' GILBERT YOCHUM,* and KEITH IHLANFELDT” I. INTRODUCTION Recent contributions ...