The value and importance of diversity in one's portfolio has long been postulated, but it was Harry M. Markowitz who proposed the first mathematical model that would allow investors to systematically compute the optimal allocation of assets based on individual preferences (the investor's utility function), covariance, variance, and expected value of returns. Adequate diversification can mitigate risk substantially while potentially enhancing returns. Markowitz provided investors with the tools to optimally diversify their investments.
In the near future, Chinese automobile manufacturers will import Chinese made cars into the United States automobile market. This thesis analyzes consumer perception of Chinese cars among students at Colorado College. A new theoretical model is constructed to represent the different factors that impact how a consumer perceives products of different country-of-origins. This theoretical model is then adapted into an econometric model that studies the impact of the variables on a consumers overall perception of that good. A survey is designed to capture the independent variables of the econometric model and the data analyzed. The econometric model finds consumer evaluations of Chinese and American are positively impacted by the same variables. The raw data also suggests that consumers perceive Chinese cars to be less safe, built to a lower quality, and carry more risk than Japanese and American automobiles.
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 used as the dependent variable in the regression model to measure resort success. Additionally, hedonic pricing theory is applied to test lift ticket price as a dependent 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 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.
Cash-for-clunkers was a program designed to stimulate the economy and reduce greenhouse gas emissions. Now, the government is initiating a new plan that will provide rebates for household appliances. This research presents estimates of the cost of reducing Carbon Dioxide under Cash-for-clunkers and similar programs for both clothes washers and refrigerators. The estimates suggest that these rebate programs are an expensive way to reduce CO2 emissions. With an average rebate of $4215, baseline scenarios indicate that Cash-for-clunkers costs $370.26 for a one metric ton reduction in CO2, and $414.62 per ton when the scenario includes the incentive to drive more that accompanies owning a more fuel efficient vehicle. The baseline scenarios for refrigerators resulted in a lower cost of $302.03 per metric ton of CO2, while clothes washers were more expensive with a price of $734.68 per metric ton of CO2.
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.
According to recent ski industry research, skiing is, at best, stagnant. At worst, it is doomed for a collapse in the next few decades because of its primary demographic, the baby boomers, will no longer be participating in the sport. Also, with the current economic crisis that we are facing, some ski areas have already felt major effects and are on the brink of failure. In this competitive market environment, ski destination success depends strongly on a thorough analysis of customer satisfaction. Ski area managers need to identify the drivers of customer satisfaction, measure satisfaction levels, and derive the right strategies to increase satisfaction. Many ski resorts monitor customer satisfaction regularly using on-mountain surveys. Using regression analysis from surveys conducted by the National Ski Area Association for the 2008/2009 ski season, this thesis will investigate the demographic determinants associated with skier satisfaction.
The Internet continues to grow as a competitive marketplace increasing both in the number of consumers and online businesses. The Internet also offers low switching costs allowing shoppers to move from one online store to another with virtually no expenses. The combination of increased competition and low switching costs makes retaining loyal customers a problem for online businesses. Most companies, online or offline, depend on loyal customers as the foundation of their financial success. One solution in recent research indicates that building strong online customer relationships attracts and captures long-term customers. Therefore, online marketers have begun to rely on relationship marketing strategies to increase online customer loyalty. Through the distribution and analysis of a customer survey, this study aims to show that customer relationship strategies work to increase the level of customer loyalty towards an online store, while also identifying which particular relationship components have the greatest affect on customer loyalty.
This study attempts to explain the effect geographical location has on a National Hockey League (NHL) team's revenue. The effect location has will be compared to other determinants of revenue in the NHL. Data sets were collected from the 2006-2007 and the 2007-2008 seasons. Regression results were analyzed from these data sets. This study found that attendance, city population, and win percentage has a positive and significant effect on revenue.
The fields of immigration and innovation have traditionally been thought of as two distinct areas of study. This paper will serve as a bridge as it examines this relationship through an empirical investigation of the impact of high-skilled immigration on U.S. innovation. A modified national ideas production function is used to estimate the relationship between high-skilled immigrants and patents. A second set of equations is used to isolate patenting activity in the metropolitan regions of the Bay Area, Des Moines, Seattle, and New York. The most significant discovery is that high-skilled immigration has a positive effect on innovation. These results present strong evidence that the United States should liberalize its immigration policies in order to more proactively foster innovation across the country.
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.
Minutes for CC faculty meeting held on May 10, 2010, written and submitted by Secretary of the Faculty, Ted Lindeman.
Portrait of 2010-2011 Colorado College Men's Hockey Team member, William Rapuzzi.
Portrait of 2010-2011 Colorado College Men's Hockey Team member, Scott Winkler.
Portrait of 2010-2011 Colorado College Men's Hockey Team member, Ted Behrend.
Portrait of 2010-2011 Colorado College Men's Hockey Team member, Joe Howe.