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.
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 study examines how proximity to greenspaces and water bodies impact residential home sales prices in El Paso County, Colorado using a hedonic pricing approach. Values for proximity to natural amenities are first estimated using Euclidean distances. Distances are then calculated by a road network to determine how residents value accessibility and use of environmental attributes, in particular. In the Euclidean model, home sale prices increase with closer proximity to parks, lakes, golf courses, sports/recreation specialty facilities, and Pikes National Forest. Closer proximity to streams, however, leads to a decrease in housing price and closer proximity to natural areas has an insignificant impact on housing. In the road network model, distance to natural areas by road becomes significant and indicates that closer proximity and greater use access of natural areas leads to higher home sales prices. Closer distances to parks by road, however, have the opposite effect and home prices decrease with increasing proximity. All other greenspace and water body variables remain fairly similar in the road network model. These results illustrate the importance of environmental amenities to homeowners and can be used to help policymakers and urban planners make decisions regarding preservation, maintenance, and design of natural amenities.
Beginning in the early 1960's, local governments throughout the United States have implemented growth management policies intended to influence the pattern of development and restrict growth. These regulations affect the conditions of community life by increasing property values, shifting demographics, and altering the delivery of public services. This thesis examines these effects through case studies of the City of Boulder, the City of Berkeley, and the City of Fort Collins, using data primarily from the US Census Bureau. It is hypothesized that the city with the most growth management policies will experience these effects to a greater magnitude. This was found to be partly true; there are other overriding factors that contribute to these changes more so than the presence or absence of growth management policies.
This thesis is an investigation of the affects illicit behaviors have on player salaries in the National Football League (NFL). Illicit behaviors include criminal arrests and convictions, and acts fine-able by the NFL. Previous studies in this area have been limited and with the exception of a few have focused on salary determinants which did not include behavior. Further extensive research has been conducted on the affect criminal behavior has on income and entry into the American labor market. An Ordinary Least Squares (OLS) model is used to explore different offensive positions and the role illicit behaviors play in salary determination. The regression t-values show varying results for different positions based on varying illicit acts. Despite the few instances where salary is affected at better than the 10% level, the evidence points to limited economic repercussions for players who commit illicit acts.
Colorado is a large energy producing state. Compared to other energy producing states, Colorado's current severance tax policies and rates are very lenient towards energy companies. There have been proposals to change these rates and policies but these proposals have been highly contested. The purpose of this thesis is to investigate Colorado's current policies and determine whether new rates and restructuring of the taxes would benefit the state of Colorado and its citizens. This paper uses past data and tax collections to create hypothetical situations for the future of Colorado's severance taxes. By studying the years of 1981-2008 a long range of effects of the potential policy change are examined. Using extraction models, rate changes are determined to have a small effect on the extraction paths and prices for crude oil. Calculations done to determine the effect of an endowment on Colorado's tax payout find a much more stable, but not necessarily larger payout.
This thesis examines micronutrient interventions' role in gender-focused development. It reviews recent micronutrient literature to provide background information on intervention, both through a review of supplementation programs (using the example of vitamin A) and through a review of fortification programs (using the example of iodine). After establishing that micronutrient interventions are a cost-effective approach to development, this thesis asks the question of whether these types of interventions can be used for gender-focused development. Two development agendas are used to make this analysis: lowering fertility rates in the developing world and combating women's discrimination at the household level. Building on prior development research, the case is made that micronutrients are one of the most cost-effective ways of bolstering these agendas.
In 2009 the global markets experienced a crash the likes of which had not been seen since the Great Depression. This paper seeks to use principles of behavioral finance to analyze the economic climate generated before, after, and during a "bubble" period. The efficient market model presented by Eugene Fama is unable to explain the phenomenon known as a bubble period. Using traditional and nontraditional stock indicators, this paper will examine the correlation between volume and price in relation to the climate in which bubbles are generated.
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.
This empirical study examines the impact of proximity to the U.S. Environmental Protection Agency's (EPA) toxic release inventory (TRI) sites on the values of residential properties in Colorado Springs in the year 2000. Data from Census Tracts is examined using Geographical Information Systems (GIS) and a least squares regression model. The findings indicate that, when controlling for relevant structural and socioeconomic variables, proximity to TRI pollutants are insignificant determinants of residential property values
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.
Closely following the notion of innovative geographic clusters, this paper examines knowledge flows in the US agriculture industry for evidence of innovative agglomeration. The data indicate that a closer distance between any two agricultural patent origins increases the probability that one cites the other as prior art. Further, subtle interregional variations characterize the degree to which proximity advances agricultural innovation. Finally, the results show that older innovations in agriculture proliferate more readily than recently created knowledge.
Portrait of 2010-2011 Colorado College Men's Hockey Team member, Eamonn McDermott.
Portrait of 2010-2011 Colorado College Men's Hockey Team member, Jeff Collett.
This report, addressed to the Colorado College Faculty, includes topics discussed by the Colorado College Athletics Board during the 2009-2010 academic year.
The Rastall Renovation Working Group (RRWG) was formed in September 2009 at the request of Colorado College President Celeste to study the proposed renovation of the Rastall Dining Hall, located in the Worner Center. The 2009-2010 committee members are: Chris Melcher (Chair), Tim Fuller, Kate Leonard, Emily Chan, Scott Leonard, Ibrahima Wade, David Carlson, Virginia A. DeMayo, Thea G. Giovannini-Torelli, Paul A. Hawkins, Max L. Robillard, Loren M. Rodriguez, Victor Nelson-Cisneros, Jeffrey Cathey, Mike Edmonds, Ed Eng, John Lauer, Robert Moore, Beth Gentry and Lou Lathon.
Timothy Egan's talk is based on his new book, The Big Burn: Teddy Roosevelt and the Fire That Saved America, a New York Times Bestseller and winner of 2009 Pacific Northwest Booksellers Award. Mr. Egan is also author of The Worst Hard Time, winner of the national book award for nonfiction and an op-ed columnist for the New York Times, writing his weekly "Opinionator" section. Recorded October 18, 2010.
The Difference is the newsletter of the Center for Service and Learning at Colorado College.
The Difference is the newsletter of the Center for Service and Learning at Colorado College
The purpose of The Center for Service and Learning’s McHugh Leadership Fund is to develop, support, and advance leadership within the realm of community service. This report presents 2010 McHugh Leadership Fund student recipients and projects: Rachel San Luis for work in Las Brisas del Este, an impoverished community in Santo Domingo; Clara Stiefel for medical work in Cochabamba, Bolivia; Melissa Serafin for travel to Bosnia to implement a peace project; Colin McCarey to attend the National Student Campaign Against Hunger and Homelessness conference in Chicago, Illinois.