michael tansey - Academia.edu (original) (raw)

Papers by michael tansey

Journal of Economics (Missouri Valley Economics Assn.), 1981

The U.S. Wage-Price Control Program of the Nixon Administration provides data with which to test ... more The U.S. Wage-Price Control Program of the Nixon Administration provides data with which to test the differential output impacts of price controls across 4 digit SIC industries. Prominent theories which are theoretically described suggest that price controls (1) are ineffective in competitive industries, (2) may actually raise output when effective in concentrated industries, and (3) will lower output when shortages occur. The controls of 1971-74 were most likely to cause shortages and lower production in concentrated industries, and were ineffective in competitive industries. Furthermore, relative to non-durable goods industries, durable goods industries experienced a highly significant decline in output after controls were lifted.

This book is a product of the Financial Innovations Roundtable. Created in 2000, the Financial In... more This book is a product of the Financial Innovations Roundtable. Created in 2000, the Financial Innovations Roundtable, housed at the Carsey Institute at the University of New Hampshire, creates cross-sector partnerships among conventional and nontraditional lenders, investors, and markets to provide low-income communities with increased access to capital and financial services. The Financial Innovations Roundtable (FIR) is not only a think tank, it is a "think-do" tank. Some of the most successful ideas developed at the FIR have been implemented, resulting in new tools, policies and practices that have resulted in millions of dollars being directed into investments in affordable housing, small and minority businesses, community facilities and other community development efforts. The Carsey Institute conducts policy research on vulnerable children, youth, and families and on sustainable community development. We give policy makers and practitioners the timely, independent resources they need to effect change in their communities. v Contents Preface vi Introduction 1

American Journal of Health Sciences (AJHS), 2012

With the dramatic changes ushered in by managed care with the promise of even more change with ne... more With the dramatic changes ushered in by managed care with the promise of even more change with new policies and medical budget pressures, medical schools face the challenge of adapting curricula to prepare physicians for the new demands of health care delivery. Medical students have different tolerances for learning management skills, but medical schools are finding persistent demand for dual degree programs which deliver such skills from a core of students - in some schools amounting to as much as 10% of the medical school students. Over the last two decades, the number of medical schools offering a dual medical/MBA program has expanded from less than 10% to nearly 50% of U.S. medical schools, both for Allopathic and Osteopathic medicine. Schools which had already offered dual medical/MPH programs were particularly likely to add the dual medical/MBA degrees. While schools are learning how to realize the advantages for the few students who undertake dual degrees, they still face a m...

International Business & Economics Research Journal (IBER), 2010

The gravity model states that trade between any two countries is proportional, other things equal... more The gravity model states that trade between any two countries is proportional, other things equal, to the product of the two countries’ GDPs, and diminishes with the distance between the two countries. The logic is that larger economies tend to spend large amounts on imports and attract large share of other countries spending (exports) because they produce large quantity and variety of goods and services. Distance, on the other hand, tends to lessen trade between countries because of transportation costs and other intangible barriers, such as language, geography, and historic colonial relationships. The following specific hypotheses from the gravity model of trade are tested with respect to African countries alone: The amount of exports by one African country to another is inversely related to the distance between the two countries, The amount of exports by one African country to another reflects the GDP of the country to whom the exports are sent, The amount of exports directly ...

Journal of Policy Modeling, 2017

The U.S. automobile market experienced dramatic changes in concentration over the six decades aft... more The U.S. automobile market experienced dramatic changes in concentration over the six decades after World War II. In addition to dynamic changes in market structure, the U.S. automobile market experienced significant public policy changes in the form of price and export controls. This experience provides a unique opportunity to test the effect of changing concentration on prices and the effectiveness of controls in a highly visible, dynamic industry. We identify a threshold concentration level below which prices converge to competitive equilibrium. Above this threshold, pricing is essentially consistent with monopoly pricing. Price controls appear to have reduced automobile prices while export controls had little discernible overall effect.

Nursing leadership forum, 2004

Research College of Nursing and the Rockhurst University Helzberg School of Management Health Car... more Research College of Nursing and the Rockhurst University Helzberg School of Management Health Care Initiative collaborated to offer the Executive Nurse Practice: Health Care Leadership track to Research College of Nursing graduate students. This effort was not only cost effective, but also offered expert faculty in both the fields of nursing and business. The curriculum is an integration of both fields and faculties from both institutions as they communicate and collaborate each semester to successfully coordinate the track.

Journal of Policy Modeling, 2005

The U.S. steel industry is subject to a microeconomic political business cycle resulting from U.S... more The U.S. steel industry is subject to a microeconomic political business cycle resulting from U.S. Presidents designing protectionist policies on behalf of the steel industry; experiencing complaints from consumers and foreign producers as a result of the policy; modifying the policy which results in complaints from the steel industry; and finally, maneuvering policy back in favor of the industry to achieve re-election. Using a cointegrating vector error correction framework, this paper tests the hypothesized political business cycle for its effect on steel prices. We find that trade protectionism does not seem to have succeeded in its primary objective of supporting prices. By expending so much political capital on ineffective trade protection, the steel industry may have lost the opportunity to focus on more substantive issues that might have restrained factor cost and enhanced its competitive ability. The devolution of the steel industry, ironically, may have resulted from it's persistent pleas for protection. Political business cycles in the steel industry, with all its attendant negative consequences, would not occur if the steel industry did not continually lobby for protection.

Journal of Economics (Missouri Valley Economics Assn.), 1981

The U.S. Wage-Price Control Program of the Nixon Administration provides data with which to test ... more The U.S. Wage-Price Control Program of the Nixon Administration provides data with which to test the differential output impacts of price controls across 4 digit SIC industries. Prominent theories which are theoretically described suggest that price controls (1) are ineffective in competitive industries, (2) may actually raise output when effective in concentrated industries, and (3) will lower output when shortages occur. The controls of 1971-74 were most likely to cause shortages and lower production in concentrated industries, and were ineffective in competitive industries. Furthermore, relative to non-durable goods industries, durable goods industries experienced a highly significant decline in output after controls were lifted.

This book is a product of the Financial Innovations Roundtable. Created in 2000, the Financial In... more This book is a product of the Financial Innovations Roundtable. Created in 2000, the Financial Innovations Roundtable, housed at the Carsey Institute at the University of New Hampshire, creates cross-sector partnerships among conventional and nontraditional lenders, investors, and markets to provide low-income communities with increased access to capital and financial services. The Financial Innovations Roundtable (FIR) is not only a think tank, it is a "think-do" tank. Some of the most successful ideas developed at the FIR have been implemented, resulting in new tools, policies and practices that have resulted in millions of dollars being directed into investments in affordable housing, small and minority businesses, community facilities and other community development efforts. The Carsey Institute conducts policy research on vulnerable children, youth, and families and on sustainable community development. We give policy makers and practitioners the timely, independent resources they need to effect change in their communities. v Contents Preface vi Introduction 1

American Journal of Health Sciences (AJHS), 2012

With the dramatic changes ushered in by managed care with the promise of even more change with ne... more With the dramatic changes ushered in by managed care with the promise of even more change with new policies and medical budget pressures, medical schools face the challenge of adapting curricula to prepare physicians for the new demands of health care delivery. Medical students have different tolerances for learning management skills, but medical schools are finding persistent demand for dual degree programs which deliver such skills from a core of students - in some schools amounting to as much as 10% of the medical school students. Over the last two decades, the number of medical schools offering a dual medical/MBA program has expanded from less than 10% to nearly 50% of U.S. medical schools, both for Allopathic and Osteopathic medicine. Schools which had already offered dual medical/MPH programs were particularly likely to add the dual medical/MBA degrees. While schools are learning how to realize the advantages for the few students who undertake dual degrees, they still face a m...

International Business & Economics Research Journal (IBER), 2010

The gravity model states that trade between any two countries is proportional, other things equal... more The gravity model states that trade between any two countries is proportional, other things equal, to the product of the two countries’ GDPs, and diminishes with the distance between the two countries. The logic is that larger economies tend to spend large amounts on imports and attract large share of other countries spending (exports) because they produce large quantity and variety of goods and services. Distance, on the other hand, tends to lessen trade between countries because of transportation costs and other intangible barriers, such as language, geography, and historic colonial relationships. The following specific hypotheses from the gravity model of trade are tested with respect to African countries alone: The amount of exports by one African country to another is inversely related to the distance between the two countries, The amount of exports by one African country to another reflects the GDP of the country to whom the exports are sent, The amount of exports directly ...

Journal of Policy Modeling, 2017

The U.S. automobile market experienced dramatic changes in concentration over the six decades aft... more The U.S. automobile market experienced dramatic changes in concentration over the six decades after World War II. In addition to dynamic changes in market structure, the U.S. automobile market experienced significant public policy changes in the form of price and export controls. This experience provides a unique opportunity to test the effect of changing concentration on prices and the effectiveness of controls in a highly visible, dynamic industry. We identify a threshold concentration level below which prices converge to competitive equilibrium. Above this threshold, pricing is essentially consistent with monopoly pricing. Price controls appear to have reduced automobile prices while export controls had little discernible overall effect.

Nursing leadership forum, 2004

Research College of Nursing and the Rockhurst University Helzberg School of Management Health Car... more Research College of Nursing and the Rockhurst University Helzberg School of Management Health Care Initiative collaborated to offer the Executive Nurse Practice: Health Care Leadership track to Research College of Nursing graduate students. This effort was not only cost effective, but also offered expert faculty in both the fields of nursing and business. The curriculum is an integration of both fields and faculties from both institutions as they communicate and collaborate each semester to successfully coordinate the track.

Journal of Policy Modeling, 2005

The U.S. steel industry is subject to a microeconomic political business cycle resulting from U.S... more The U.S. steel industry is subject to a microeconomic political business cycle resulting from U.S. Presidents designing protectionist policies on behalf of the steel industry; experiencing complaints from consumers and foreign producers as a result of the policy; modifying the policy which results in complaints from the steel industry; and finally, maneuvering policy back in favor of the industry to achieve re-election. Using a cointegrating vector error correction framework, this paper tests the hypothesized political business cycle for its effect on steel prices. We find that trade protectionism does not seem to have succeeded in its primary objective of supporting prices. By expending so much political capital on ineffective trade protection, the steel industry may have lost the opportunity to focus on more substantive issues that might have restrained factor cost and enhanced its competitive ability. The devolution of the steel industry, ironically, may have resulted from it's persistent pleas for protection. Political business cycles in the steel industry, with all its attendant negative consequences, would not occur if the steel industry did not continually lobby for protection.