As the economy is in a decline, fewer people are willing to pay for luxuries such as vacations. Thus, the ski resort industry is suffering. This thesis reveals an opportunity m the growth of free skiing and a demand for more difficult terrain. In this paper, data is collected from nearly all Colorado ski resorts to form a regression model explaining resort success. Regression analysis is conducted to discover what aspects of a ski resort contribute to success. Primarily, skier visits from the 2008-2009 ski season are_useclas the dependant variable in the regression model to measure resort success. Additionally, hedonic pricing theory is applied to test lift ticket price as a dependant variable. The paper finds that resort size, and possibly terrain park features are related to resort success. The hedonic pricing regression finds that bowl skiing, and lack of crowds, increase consumer willingness to pay for expensive lift tickets.
This paper examines the conditions and variables that predict preferences for treasury stock and cash dividends in a contractionary market. While this is a highly debated topic, this study contributes to the literature primarily through its innovative research design. The study investigates corporate payout policy in a suppressed market, which is different from virtually all other studies that have been made. In addition, the study is innovative because it isolates firm specific variables by dividing firms into size and style, according to Morningstar.com's style matrix. The study finds, consistent with most research, that treasury stock transactions are positively correlated with cash flows. However, the paper also finds that cash dividends are negatively related to the performance of the market. This is new and unexpected and suggests that investors prefer cash dividends, a more secure transfer of wealth than the appreciation of stock, which may simply get lost in a suppressed market.
For individual investors deciding upon an investment strategy involves self evaluation of aversion to risk, social responsibility, and desired returns. Traditional economic theories proclaim individuals are rational creatures who make investment decisions unemotionally to obtain a desired portfolio performance. Recent economists have challenged these foundational theories by proposing that the decision making process for individuals includes abstract factors of emotions and behavioral ripostes. Through research and surveying individuals from varying demographics, the effect of different emotionally states on investment strategies can be examined. The hypothesis states that younger or less investment educated individuals are more susceptible to emotionally-driven investment decisions than older more experienced investors. The results show these demographics do have differing effects on individuals' investment strategies.
This thesis provides a case study of four major companies' Facebook pages. Comments made by consumers were collected and analyzed for the pages belonging to Dove, BMW, Taco Bell, and Starbucks. This thesis argues that while many believe Facebook to be an extension of Viral Marketing, the case studies provided within show that Facebook is not even a form of marketing. It is an additional but still necessary avenue for the consumer to contact the company.
The military is inherently associated with violence. Some studies have attempted to forge a link between military members and property crime or previous abuse, but none have explored the specific link between domestic violence and the military. This study presents a game-theoretic model that attempts to determine if the presence of military bases is positively correlated with the rates of violent crimes in the area. A Tobit regression model is used to identify the determinants of violent crime at a county level. Results indicate that the branch of the military most consistently associated with elevated levels of violence is the Air Force. This may, however, be largely dependent on the specific time period used for the study.
Live popular music is an area of growing importance. With the proliferation of piracy and online music sources, revenue streams for musicians are shrinking in the 21st Century and live performance is becoming one of the last areas for artists to make a living. This study investigates the determining factors in the success or failure of live popular music events by measuring ticket sales. Using a case study of a venue in Santa Cruz, CA, variables describing event context and expected quality of performance are regressed against final box office sales to uncover any existent relationships. Artist exposure, day of the week, and age restrictions are all found to significantly impact final ticket demand for live music events.
Within the United States, the manner in which Child Welfare Services have been provided to assist children in need has evolved since its implementation. Services have ranged from traditional orphanages to Orphan Trains to the now common foster and adoption systems that are used today. This paper will discuss the audit and risk management framework and the current structure of the Child Welfare System. Then, Colorado statute and child fatality case reviews are analyzed to demonstrate how the oversight in the form of an internal audit group could benefit the services provided.
This thesis seeks to investigate the possibilities of joint liability lending in the United States and if there is the necessary social capital to support a successful group lending structure. Since joint liability lending has enjoyed great success in foreign countries, I thought it was important to look into the positive effect that joint liability lending could have on the unbanked population in the U.S. I developed a questionnaire regarding joint liability lending's potential in the United States and sent it to six of the most highly regarded microfinance institutions in the U.S. Though I anticipated that joint liability lending would be successful in the United States, as it was abroad, the input I received from the microfinance institutions in my sample indicated that the U.S. would not be able to support joint liability lending. These institutions saw lack of social capital as the main reason that group lending would not be successful in the United States.
The 2008 financial crisis has left researchers investigating the inefficiencies that prompted the collapse of the credit and investment markets. This study considers the implications of excessive executive pay on capital structure during the years 2005 through 2007. The hypothesis proposes that for firms in the financial sector, executives awarded generous compensation packages compared to salary implemented a higher use of debt in their firm's capital structure. Agency theory, capital structure composition, the Efficient Market Hypothesis, and behavioral finance principles represent key economic theories supporting the hypothesis. The study examines data on 31 firms in the financial sector and 31 firms in the manufacturing sector to empirically test the relationship between executive pay and leverage. Cross-sectional analysis of nine models reveals that compensation is a significant determinant of a firm's total debt-to-total assets ratio for the financial sector, while the manufacturing sector yielded insignificant findings. The results further evidence that within the financial sector, the greatest relationship between compensation and leverage occurred when a one- or two-year lag between executive pay and the debt ratio was in effect. These findings reveal sources of agency conflicts and behavioral biases within the financial sector during the three years preceding the financial collapse.
The thesis examines innovation in the mobile application space. Innovation is widely recognized as one of the most important drivers of economic growth and the past decade has been one breathtaking revolution and innovation. Innovation literature has been painstakingly developers over the past fifty years through the study of innovations themselves, the processes through which innovation occurs, and the organizations that most successfully innovate. This thesis examines innovation theory and attempts to apply it to the mobile space to discover what course innovation takes.
Economists have studied the impact of legalized abortion on a variety of factors including women’s decision surrounding when to enter the work force and how many hours to work, schooling and most controversially crime. They have also examined the determinants of state abortion restrictions across the United States, considering the strength of interest advocacy groups and demographic characteristics. Notably absent from the existing literature is a study of the impact of legalized abortion on the use of contraceptives. Earlier work has established that states with more lenient laws regarding access to contraceptive services by minors have greater pill use, but the impact of the legal framework surrounding abortion restrictions has not been examined. This paper explores the possibility that variation in state abortion availability, as proxied by legislation pertaining to women’s reproductive rights (particularly either supporting or restricting access to abortions) across the United States may generate variation in the use of birth control pills. Without the option of terminating a pregnancy, one would expect that oral contraceptives would be more widely utilized. We find restrictions on abortion availability (through abortion legislation mandating parental consent or notification) induce women to seek a reliable form of birth control to avoid unwanted pregnancies, while pro-choice sentiments in the legislature may have the opposite effect. We also consider the effect of sex education on the rate of oral contraceptive use within states.
Portrait of 2011-2012 Colorado College Director of Media Relations, Dave Moross.
Portrait of 2010-2011 Colorado College Men's Hockey Team member, Rylan Schwartz.
Portrait of 2010-2011 Colorado College Men's Hockey Team member, Andrew Hamburg.
Portrait of 2010-2011 Colorado College Men's Hockey Team member, Michael Boivin.
Portrait of 2010-2011 Colorado College Men's Hockey Team member, Tyler O'Brien.
Portrait of 2010-2011 Colorado College Men's Hockey Team member, William Rapuzzi.
Portrait of 2010-2011 Colorado College Men's Hockey Team member, Ryan Lowery.