Beth Hayes: Difference between revisions
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{{short description|American economist}} |
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{{Notability|biographies|date=September 2010}} |
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| ⚫ | '''Beth Hayes''' (May 27, 1955–June 3, 1984) was an American economist specializing in theoretical microeconomics. She has been memorialized by an award established by the [[University of Pennsylvania]].<ref> |
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| ⚫ | '''Beth Hayes''' (May 27, 1955 – June 3, 1984) was an American economist specializing in theoretical microeconomics. She has been memorialized by an award established by the [[University of Pennsylvania]].<ref>{{Cite web |url=http://economics.sas.upenn.edu/graduate-program/honors-and-awards |title=The Beth Hayes/David Cass Prize |access-date=2011-11-22 |archive-url=https://web.archive.org/web/20120227225259/http://economics.sas.upenn.edu/graduate-program/honors-and-awards |archive-date=2012-02-27 |url-status=dead }}</ref> |
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| ⚫ | Hayes graduated from the honors program at the [[University of Michigan]] in 1977 and received her Ph.D. in [[Economics]] in 1982 from the [[University of Pennsylvania]], studying under [[David Cass]]. Her dissertation, ''Three Essays in Microeconomic Theory'', formed the basis for her foundational work in research on two-part tariffs and |
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| ⚫ | Hayes graduated from the honors program at the [[University of Michigan]] in 1977 and received her Ph.D. in [[Economics]] in 1982 from the [[University of Pennsylvania]], studying under [[David Cass]]. Her dissertation, ''Three Essays in Microeconomic Theory'', formed the basis for her foundational work in research on two-part tariffs and asymmetrical information, and insurance contracts. |
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===Hayes Asymmetric Information Model of Strike Behavior=== |
===Hayes Asymmetric Information Model of Strike Behavior=== |
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Beth Hayes was a professor of managerial economics in the J.L. Kellogg Graduate School of Management at [[Northwestern University]] until her death in a traffic fatality in 1984.<ref>Beth Hayes Obituary |
Beth Hayes was a professor of managerial economics in the J.L. Kellogg Graduate School of Management at [[Northwestern University]] until her death in a traffic fatality in 1984.<ref>{{cite news |title=Beth Hayes Obituary |newspaper=[[Chicago Tribune]] |date=June 5, 1984 |url=https://pqasb.pqarchiver.com/chicagotribune/access/637839812.html?dids=637839812:637839812&FMT=ABS&FMTS=ABS:AI&type=historic&date=Jun+05%2C+1984&author=&pub=Chicago+Tribune&desc=Obituaries&pqatl=google |access-date=July 5, 2017 |archive-date=November 3, 2012 |archive-url=https://web.archive.org/web/20121103153539/http://pqasb.pqarchiver.com/chicagotribune/access/637839812.html?dids=637839812:637839812&FMT=ABS&FMTS=ABS:AI&type=historic&date=Jun+05,+1984&author=&pub=Chicago+Tribune&desc=Obituaries&pqatl=google |url-status=dead }}</ref> Hayes produced foundational research on [[two-part tariff]]s, the economics of [[information asymmetry]], insurance contracts,<ref>{{cite journal |author-link=Russell W. Cooper |last1=Cooper |first1=Russell |first2=Beth |last2=Hayes |year=1987 |title=Multi-Period Insurance Contracts |journal=International Journal of Industrial Organization |volume=5 |issue=2 |pages=211–31 |doi= 10.1016/s0167-7187(87)80020-6}}</ref> and public regulation.<ref>{{cite journal |last1=Hayes |first1=Beth |first2=Daniel |last2=Siegel |year=1986 |title=Rate of Return Regulation with Price Flexibility |journal=Journal of Business |volume=59 |issue=4 |pages=537–53 |doi= 10.1086/296353}}</ref> The model of strike behavior has been referenced widely and empirically tested. "The Hayes asymmetric information model of strike activity predicts a negative relationship between actual firm profits and strike frequency, and a positive relationship between the trade union's expectations of firm profitability and the duration of strikes."<ref>{{cite journal |last=Mumford |first=Karen |title=Strikes and Profits: Considering an Asymmetric Information Model |journal=[[Applied Economics Letters]] |volume=3 |issue=8 |year=1996 |pages=545–548 |doi=10.1080/135048596356212}}</ref> Other references to the Hayes model appear in articles by Joseph S. Tracy,<ref>{{cite journal |last=Tracey |first=Joseph S. |title=An Empirical Test of an Asymmetric Information Model of Strikes |journal=[[Journal of Labor Economics]] |year=1987 |volume=5 |issue=2 |pages=149–173 |doi=10.1086/298142 |s2cid=154946389 |url=http://www.nber.org/papers/w1870.pdf }}</ref> [[David Card]],<ref>{{cite journal |title=Strikes and Wages: A Test of an Asymmetric Information Model |journal=[[Quarterly Journal of Economics]] |volume=105 |issue=3 |year=1990 |pages=625–659 |doi= 10.2307/2937893|jstor=2937893 |last1=Card |first1=David }}</ref> Other references to the model appear in studies examining trade union behavior in Papua New Guinea,<ref>{{cite journal |first1=Benedict Y. |last1=Imbun |last2=Ngangan |first2=Ken |title=The Disclosure of Information to Trade Unions in Papua New Guinea |journal=Labour and Management in Development Journal |year=2001 |volume=2 |issue=4 |pages=5–14 }}</ref> and Japan.<ref>{{cite journal |first=Motohiro |last=Morishima |title=Information Sharing and Collective Bargaining in Japan: Effects on Wage Negotiation |year=1991 |journal=[[Industrial and Labor Relations Review]] |volume=44 |issue=3 |pages=469–485 |doi=10.1177/001979399104400305 |jstor=2524156 |s2cid=153931179 }}</ref> The model continues to be cited in studies on union strike behavior.<ref>{{cite journal |last1=Myers |first1=Brett W. |first2=Alessio |last2=Saretto |title=Union Strikes and the Impact of Non-financial Stakeholders on Capital Structure |date=January 2010 |journal=Working Paper |url=http://www.cba.ua.edu/assets/docs/efl/Union_Strikes_and_the_Impact_of.pdf }}</ref> |
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Stakeholders on Capital Structure," January 2010, Working paper, Purdue University [http://www.cba.ua.edu/assets/docs/efl/Union_Strikes_and_the_Impact_of.pdf]</ref> |
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===The Beth Hayes/David Cass Prize=== |
===The Beth Hayes/David Cass Prize=== |
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In 1994, [[David Cass]] was instrumental in establishing the Beth Hayes Prize for Graduate Research Accomplishment at the [[University of Pennsylvania]]. The prize was created in honor and memory of Dr. Hayes, one of his former graduate students whom he describes in his essay "On Women." In its original form, the prize was awarded biennially to the woman in the economics graduate program who had produced the most significant piece of original research in the preceding two years. The award was later modified with Cass's approval to include eligibility for male students. Following his death, the University renamed the award as |
In 1994, [[David Cass]] was instrumental in establishing the Beth Hayes Prize for Graduate Research Accomplishment at the [[University of Pennsylvania]]. The prize was created in honor and memory of Dr. Hayes, one of his former graduate students whom he describes in his essay "On Women." In its original form, the prize was awarded biennially to the woman in the economics graduate program who had produced the most significant piece of original research in the preceding two years. The award was later modified with Cass's approval to include eligibility for male students. Following his death, the University renamed the award as The Beth Hayes/David Cass Prize for Graduate Research Accomplishment in Economics. |
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==Notes== |
==Notes== |
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==External links== |
==External links== |
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* [http://economics.sas.upenn.edu/graduate-program/honors-and-awards The Beth Hayes/David Cass Prize] at the [[University of Pennsylvania]] |
* [https://web.archive.org/web/20120227225259/http://economics.sas.upenn.edu/graduate-program/honors-and-awards The Beth Hayes/David Cass Prize] at the [[University of Pennsylvania]] |
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* {{Cite web |
* {{Cite web |
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| url = http://www.econ.upenn.edu/~dcass/misclinks/OnWomen.pdf |
| url = http://www.econ.upenn.edu/~dcass/misclinks/OnWomen.pdf |
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| title = On Women |
| title = On Women |
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| access-date = 24 December 2008 |
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| author = Cass, David |
| author = Cass, David |
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| date = 12 September 1994 |
| date = 12 September 1994 |
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| url-status = dead |
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| archive-url = https://web.archive.org/web/20081006175603/http://www.econ.upenn.edu/~dcass/misclinks/OnWomen.pdf |
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| archive-date = 6 October 2008 |
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}} |
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*{{Cite journal |last=Hayes |first=Beth |
*{{Cite journal |last=Hayes |first=Beth |year=1984 |title=Unions and Strikes with Asymmetric Information |periodical=Journal of Labor Economics |volume=2 |issue=1 |pages=57–83 |jstor=2535017 |doi=10.1086/298023 |publisher=[University of Chicago Press, Society of Labor Economists, NORC at the University of Chicago] |s2cid=154864920 |url=http://www.kellogg.northwestern.edu/research/math/papers/547.pdf |hdl=10419/220907 |hdl-access=free }} |
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*{{Cite journal |last=Hayes |first=Beth |
*{{Cite journal |last=Hayes |first=Beth |year=1987 |title=Competition and Two-Part Tariffs |periodical=Journal of Business |volume=60 |issue=1 |pages=41–54 |jstor=2352946 |doi=10.1086/296384 |publisher=University of Chicago Press }} |
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{{authority control}} |
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{{Persondata <!-- Metadata: see [[Wikipedia:Persondata]]. --> |
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| NAME = Hayes, Beth A. |
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| ALTERNATIVE NAMES = |
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| SHORT DESCRIPTION = |
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| DATE OF BIRTH = 1955 |
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| PLACE OF BIRTH = |
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| DATE OF DEATH = 1984 |
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| PLACE OF DEATH = Libertyville, Illinois |
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}} |
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{{DEFAULTSORT:Hayes, Beth A.}} |
{{DEFAULTSORT:Hayes, Beth A.}} |
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[[Category:1955 births]] |
[[Category:1955 births]] |
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[[Category:1984 deaths]] |
[[Category:1984 deaths]] |
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[[Category:American women economists]] |
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[[Category:Northwestern University faculty]] |
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[[Category:Road incident deaths in Illinois]] |
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[[Category:University of Michigan alumni]] |
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[[Category:20th-century American economists]] |
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[[Category:20th-century American women scientists]] |
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[[Category:20th-century American scientists]] |
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Latest revision as of 12:06, 7 October 2023
Beth Hayes (May 27, 1955 – June 3, 1984) was an American economist specializing in theoretical microeconomics. She has been memorialized by an award established by the University of Pennsylvania.[1]
Educational background
[edit]Hayes graduated from the honors program at the University of Michigan in 1977 and received her Ph.D. in Economics in 1982 from the University of Pennsylvania, studying under David Cass. Her dissertation, Three Essays in Microeconomic Theory, formed the basis for her foundational work in research on two-part tariffs and asymmetrical information, and insurance contracts.
Academic life and legacy
[edit]Hayes Asymmetric Information Model of Strike Behavior
[edit]Beth Hayes was a professor of managerial economics in the J.L. Kellogg Graduate School of Management at Northwestern University until her death in a traffic fatality in 1984.[2] Hayes produced foundational research on two-part tariffs, the economics of information asymmetry, insurance contracts,[3] and public regulation.[4] The model of strike behavior has been referenced widely and empirically tested. "The Hayes asymmetric information model of strike activity predicts a negative relationship between actual firm profits and strike frequency, and a positive relationship between the trade union's expectations of firm profitability and the duration of strikes."[5] Other references to the Hayes model appear in articles by Joseph S. Tracy,[6] David Card,[7] Other references to the model appear in studies examining trade union behavior in Papua New Guinea,[8] and Japan.[9] The model continues to be cited in studies on union strike behavior.[10]
The Beth Hayes/David Cass Prize
[edit]In 1994, David Cass was instrumental in establishing the Beth Hayes Prize for Graduate Research Accomplishment at the University of Pennsylvania. The prize was created in honor and memory of Dr. Hayes, one of his former graduate students whom he describes in his essay "On Women." In its original form, the prize was awarded biennially to the woman in the economics graduate program who had produced the most significant piece of original research in the preceding two years. The award was later modified with Cass's approval to include eligibility for male students. Following his death, the University renamed the award as The Beth Hayes/David Cass Prize for Graduate Research Accomplishment in Economics.
Notes
[edit]- ^ "The Beth Hayes/David Cass Prize". Archived from the original on 2012-02-27. Retrieved 2011-11-22.
- ^ "Beth Hayes Obituary". Chicago Tribune. June 5, 1984. Archived from the original on November 3, 2012. Retrieved July 5, 2017.
- ^ Cooper, Russell; Hayes, Beth (1987). "Multi-Period Insurance Contracts". International Journal of Industrial Organization. 5 (2): 211–31. doi:10.1016/s0167-7187(87)80020-6.
- ^ Hayes, Beth; Siegel, Daniel (1986). "Rate of Return Regulation with Price Flexibility". Journal of Business. 59 (4): 537–53. doi:10.1086/296353.
- ^ Mumford, Karen (1996). "Strikes and Profits: Considering an Asymmetric Information Model". Applied Economics Letters. 3 (8): 545–548. doi:10.1080/135048596356212.
- ^ Tracey, Joseph S. (1987). "An Empirical Test of an Asymmetric Information Model of Strikes" (PDF). Journal of Labor Economics. 5 (2): 149–173. doi:10.1086/298142. S2CID 154946389.
- ^ Card, David (1990). "Strikes and Wages: A Test of an Asymmetric Information Model". Quarterly Journal of Economics. 105 (3): 625–659. doi:10.2307/2937893. JSTOR 2937893.
- ^ Imbun, Benedict Y.; Ngangan, Ken (2001). "The Disclosure of Information to Trade Unions in Papua New Guinea". Labour and Management in Development Journal. 2 (4): 5–14.
- ^ Morishima, Motohiro (1991). "Information Sharing and Collective Bargaining in Japan: Effects on Wage Negotiation". Industrial and Labor Relations Review. 44 (3): 469–485. doi:10.1177/001979399104400305. JSTOR 2524156. S2CID 153931179.
- ^ Myers, Brett W.; Saretto, Alessio (January 2010). "Union Strikes and the Impact of Non-financial Stakeholders on Capital Structure" (PDF). Working Paper.
External links
[edit]- The Beth Hayes/David Cass Prize at the University of Pennsylvania
- Cass, David (12 September 1994). "On Women" (PDF). Archived from the original (PDF) on 6 October 2008. Retrieved 24 December 2008.
- Hayes, Beth (1984). "Unions and Strikes with Asymmetric Information" (PDF). Journal of Labor Economics. 2 (1). [University of Chicago Press, Society of Labor Economists, NORC at the University of Chicago]: 57–83. doi:10.1086/298023. hdl:10419/220907. JSTOR 2535017. S2CID 154864920.
- Hayes, Beth (1987). "Competition and Two-Part Tariffs". Journal of Business. 60 (1). University of Chicago Press: 41–54. doi:10.1086/296384. JSTOR 2352946.