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  • 2006  (13,698)
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  • 101
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Review of law and economics 2.2006, 3, art2 
    ISSN: 1555-5879
    Source: Berkeley Electronic Press Academic Journals
    Topics: Law , Economics
    Notes: We demonstrate that contingent attorney fees can play a strategic role in a model of nuisance suits. Specifically, the use of contingency fees makes the plaintiff's threat to go to trial credible. In contrast to previous economic analyses, we show that contingency fees do encourage nuisance suits.
    Type of Medium: Electronic Resource
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  • 102
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Review of law and economics 2.2006, 1, art4 
    ISSN: 1555-5879
    Source: Berkeley Electronic Press Academic Journals
    Topics: Law , Economics
    Notes: Merger analysis is a field in which economic theory is systematically applied, day-in, day-out. Economics structures the definition of the relevant market, and then economics drives the evaluation of the likely competitive effect of the merger. Exactly which models are used by Federal Trade Commission staff would be of great interest to the stake-holder community, as would any details on how the models are applied. This paper provides those details with an in-depth study of the FTC merger review process focused on single market horizontal mergers evaluated between 1993 and 2003. Five different market models are identified with a homogeneous goods analysis (two choices) useful in about one-third of the cases and a differentiated goods analysis (three choices) relevant for the others. Unilateral effects analysis was used in slightly more than half of the cases and coordinated interaction theories in just less than half. Evidence contained in hot documents, validated customer concerns and event analyses appears to play an important role in confirming the implications of Guidelines-based theoretical models of a merger's competitive effect.
    Type of Medium: Electronic Resource
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  • 103
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Review of law and economics 2.2006, 2, art5 
    ISSN: 1555-5879
    Source: Berkeley Electronic Press Academic Journals
    Topics: Law , Economics
    Notes: This paper discusses specific cases in financial regulation, competition law and legal rules in procurement, in light of the economic concept of the efficiency of mixed bundling as derived in our theoretical models. We assess the appropriateness of the existing rules, and also discuss whether there is a need to reform specific legal or regulatory rules in light of the efficiency discussion. We examine the U.S. legal and regulatory framework in government procurement, the offsets case, and finally we look into financial regulation in the case of bundled brokerage and soft commission arrangements on both sides of the Atlantic. The novelty of our models is that we analyze transactions mixed bundling in the cases of monopoly, monopsony and exchange. Additionally, for the cases of monopsony and exchange we consider goods of varying degrees of quality certainty. The common result is the local optimality of the bundling of transactions in terms of expected profits for the price-setting firm, and an overall increase in the level of trade in the goods bundled. In the real-life cases examined, we found that in most instances the authorities have decided that if the practice of pure bundling is present, to replace it with mixed bundling, rather than ban bundling altogether. This practice is correct, as according to our models mixed bundling is efficiency-enhancing (both in profits and in trade volumes). On the other hand, the policy implications derived from our models based on the presence of quality uncertainty suggest that allowing the bundling of dissimilar tasks is beneficial rather than damaging to trade, especially if the goods bundled are of diverse degrees of quality certainty. This is at odds with the current legal and regulation approach to bundling practices.
    Type of Medium: Electronic Resource
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  • 104
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Review of law and economics 2.2006, 1, art6 
    ISSN: 1555-5879
    Source: Berkeley Electronic Press Academic Journals
    Topics: Law , Economics
    Notes: The judicial review of legislation can be configured in any of a number of ways. In particular this task may be concentrated in a constitutional court, or diffused among ordinary judges. Recent studies have shown that the design of judicial institutions can have important legal, social, and economic consequences for a given polity. Scholars have dwelled on the reasons that lead political actors to the choice of one model of judicial review over another, but there has been little empirical study on this choice. Here, several hypotheses as to the circumstances that lead to the establishment of constitutional courts are tested on the basis of a data set of 128 democratic constitutions. I find that the degree of political uncertainty facing politicians is an important predictor of whether or not a constitutional court will be established.
    Type of Medium: Electronic Resource
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  • 105
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Review of law and economics 2.2006, 1, art2 
    ISSN: 1555-5879
    Source: Berkeley Electronic Press Academic Journals
    Topics: Law , Economics
    Notes: The Trojan Horse enforcement mechanism turns law-breakers into law-enforcers by entrusting them with the right to file a private suit and to collect a fine from their accomplices. Unlike leniency or state witness programs, the Trojan Horse mechanism is not dependent on an effective public enforcement agency operating in the background. It positions conspirators in a prisoner dilemma at the very first stage of their conspiracy, long before public enforcers are on their tails, thus enabling the state to decriminalize certain conspiracies. As shown in this paper, the Trojan Horse mechanism has a (comparative) advantage in asymmetric settings, such as in the employment of illegal immigrants. Whereas fines and other criminal sanctions hardly deter empty-pocket lawbreakers such as illegal immigrants, the carrot this mechanism waves might lure illegal immigrants into suing their employers and leaving the country with a prize in their pockets. Thus, it provides a more humane enforcement mechanism than the prevailing ones, and creates a strong deterrent effect on employers who consider hiring illegal immigrants.
    Type of Medium: Electronic Resource
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  • 106
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Review of law and economics 1.2006, 3, art5 
    ISSN: 1555-5879
    Source: Berkeley Electronic Press Academic Journals
    Topics: Law , Economics
    Notes: Professor Wright mischaracterizes both the legal basis and the factual context of the FTC's Three Tenors opinion, recently affirmed by Judge Ginsburg's opinion for a unanimous panel of United States Court of Appeals for the District of Columbia Circuit. Neither opinion's legal analysis relies on the timing of the moratorium agreement. Under either opinion, the agreement to eliminate advertising and price competition would have been proscribed even had it occurred when the joint venture was formed. Moreover, the factual underpinnings of the case differ from Professor Wright's assertions. In particular, the facts demonstrate that the joint venture did not attempt to promote the combination of various three tenors products. The only coordination with the first two albums was a restriction on their discounting and advertising. There was none of the production, distribution, and promotion among the three albums normally associated with an integrated effort.
    Type of Medium: Electronic Resource
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  • 107
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Review of law and economics 2.2006, 2, art4 
    ISSN: 1555-5879
    Source: Berkeley Electronic Press Academic Journals
    Topics: Law , Economics
    Notes: Patent law today is a complex institution in most developed economies, and the appropriate structure for patent law is hotly debated around the world. A crucial feature shared among the diverse patent systems of the industrialized world, even before the recent trend toward harmonization, is that modern patent regimes are "constitutionalized," meaning the self-restriction of executive and legislative discretion over the patent power. Given the lucrative nature of patent monopolies and the long history of granting patents as a form of patronage, the choice to confine patents within a legal framework that minimizes the potential for rent-seeking requires explanation. Why choose to constitutionalize patents? This paper answers this question by examining three salient constitutionalizing events through the lens of public choice theory-a theoretical framework all but absent in patent and innovation scholarship. Using interest-group analysis, we trace the constitutionalization of patent law from the Venetian patent statute of 1474, through the English 1624 Statute of Monopolies, to the Intellectual Property Clause of the United States Constitution. We argue that creating constitutional patent law institutions offered the opportunity to both increase the durability of the bargain between the state and the inventor and, in some cases, to limit the grant of patents to those most likely to increase the general welfare.
    Type of Medium: Electronic Resource
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  • 108
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Review of law and economics 2.2006, 2, art3 
    ISSN: 1555-5879
    Source: Berkeley Electronic Press Academic Journals
    Topics: Law , Economics
    Notes: We present a simple model wherein a patents regime is inferior to a trade secrets system, meaning that when private returns from innovation under the two regimes are the same, society will be better off if the innovator chooses not to patent. In our model, trade secret licensing is envisaged and the inferiority of patents depends on the lack of an independent invention defense in patent law, while such a defense currently exists in secrecy and copyright law. Thus, although secrecy is superior to patents, it is not superior to other types of formal intellectual property rights where independent invention is allowed (such as copyrighted software).
    Type of Medium: Electronic Resource
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  • 109
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Review of law and economics 2.2006, 2, art1 
    ISSN: 1555-5879
    Source: Berkeley Electronic Press Academic Journals
    Topics: Law , Economics
    Notes: In recent years, new articles presenting rigorous analyses of bargaining incentives have overturned some of the fundamental claims made by Calabresi and Melamed in their seminal article on property rules and liability rules published in 1972. In particular, the proposition that property rules are socially preferable to liability rules when transaction costs are low appears to be either no longer valid or severely weakened under the new analyses. This paper reexamines the property rule versus liability rule question in light of the contributions of the recent bargaining theory literature. In contrast to this literature, I find that the fundamental propositions of Calabresi-Melamed remain valid, and I extend the framework to provide a more detailed positive economic theory of common law rules. The key contribution of this paper is pointing out the importance of subjective valuations in the analysis of property and liability rules. This allows for a synthesis of Calabresi-Melamed and the bargaining theory literature within an expanded framework.
    Type of Medium: Electronic Resource
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  • 110
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Review of law and economics 2.2006, 3, art3 
    ISSN: 1555-5879
    Source: Berkeley Electronic Press Academic Journals
    Topics: Law , Economics
    Notes: This article derives key variables in the analysis of standards of proof in criminal law from basic conditional probabilities. The variables derived are the probability of correct and wrongful conviction, the expected sanction, and society's incarceration costs, while the basic conditional probabilities are the probability of observing (any given) evidence against individual i given that individual j committed the crime (for any j including j equal to i. The variables are derived from the conditional probabilities as a function of the standard of the proof using simple Bayesian updating.
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  • 111
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Review of law and economics 2.2006, 3, art1 
    ISSN: 1555-5879
    Source: Berkeley Electronic Press Academic Journals
    Topics: Law , Economics
    Notes: Economic models of negligence ordinarily involve a single standard of care that all injurers must meet in order to avoid liability. When injurers differ in their costs of care, however, this leads to distortions in their care choices. This paper derives the characteristics of a generalized negligence rule that induces injurers to self-select their optimal care levels. The principal features of the rule are (1) the due standard of care is maximal, and (2) liability increases gradually as injurers depart further from this standard. The results are broadly consistent with the gradation in liability under certain causation rules and under comparative negligence.
    Type of Medium: Electronic Resource
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  • 112
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Review of law and economics 2.2006, 3, art5 
    ISSN: 1555-5879
    Source: Berkeley Electronic Press Academic Journals
    Topics: Law , Economics
    Notes: In some areas of the United States, racial and ethnic minorities have been effectively excluded from the democratic process by a variety of means, including electoral laws. In some instances, the Courts have sought to remedy this problem by imposing alternative voting methods, such as cumulative voting. I examine several voting methods with regard to their sensitivity to rent-seeking. Methods which are less sensitive to rent-seeking are preferred because they involve less social waste, and are less likely to be co-opted by special interest groups. I find that proportional representation methods, rather than semi-proportional ones, such as cumulative voting, are relatively insensitive to rent-seeking efforts, and thus preferable. I also suggest that an even less sensitive method, the proportional lottery, may be appropriate for use within deliberative bodies, where proportional representation is inapplicable and minority vote dilution otherwise remains an intractable problem.
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  • 113
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Review of law and economics 2.2006, 3, art4 
    ISSN: 1555-5879
    Source: Berkeley Electronic Press Academic Journals
    Topics: Law , Economics
    Notes: In this paper we analyze the necessity of an appeals process in private-civil litigation from the point of view of potential litigants. Our main concern is the question of whether the existence of an appeals system is to the benefit of potential litigants or if they would be better off in a system in which appeals are not possible. Our main observation is that it is unnecessary to enable appeals in all civil litigation. Indeed, a judicial system with a built-in appeals process is in many cases less desirable for the parties involved.
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  • 114
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    International journal of food engineering 1.2006, 5, art9 
    ISSN: 1556-3758
    Source: Berkeley Electronic Press Academic Journals
    Topics: Process Engineering, Biotechnology, Nutrition Technology
    Notes: Solubilities are measured for natural tocopherols and fatty acid methyl esters(FAMEs) under partly isothermal, isobaric and isochoric conditions in the range of temperature of 40-60deg.C and pressure of 9.7-16.2MPa based on soybean de-odorizer(DOD) pretreatment, the separation factors between FAMEs and tocopherols are 3.1-5.4 in this study. Furthermore, three different technology projects are analyzed qualitatively and quantitatively of single column extraction (SCE), extraction and fractionation (EF), two-column extraction (TCE).
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  • 115
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    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    International journal of food engineering 2.2006, 4, art2 
    ISSN: 1556-3758
    Source: Berkeley Electronic Press Academic Journals
    Topics: Process Engineering, Biotechnology, Nutrition Technology
    Notes: This paper proposes a fuzzy set approach that integrates objective and subjective information to evaluating kiwi wine quality. The 10 different kiwi wines experimentally were conducted firstly sensory evaluation. Then the contents of principal aroma components were identified and determined by the Headspace-Solid phase Microextraction-Gas Chromatography-Mass Spectrometry using quantitative standards with known amounts of target components and 3-Octanol as internal standards. The result of fuzzy set approach to assess and rank the kiwi wine quality showed KW-1 as the best kiwi wine. The results and outcomes of this study suggest that the approach described in this paper is more accurate and objective than conventional methods. It provides a comprehensive method for dealing with incomplete and imprecise information to support the whole evaluation process. This method should be utilized by the fruit wine industry around the world because of its practicability and superiority.
    Type of Medium: Electronic Resource
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  • 116
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    International journal of food engineering 2.2006, 4, art4 
    ISSN: 1556-3758
    Source: Berkeley Electronic Press Academic Journals
    Topics: Process Engineering, Biotechnology, Nutrition Technology
    Notes: Many attempts to model the human gastrointestinal tract (GIT) were made since the beginning of the last decade. The main purpose was either to simulate an in vivo testing of drugs on animals or to investigate the viability of the probiotic intake. Two well-known physio-chemical models regarding the viability of the probiotics have been produced. In 1993, Molly et al. developed a simulator of the human intestinal microbial ecosystem (SHIME). Six reactors simulating the conditions of human stomach, duodenum/jejunum, ileum, caecum/ascending colon, transverse colon and descending colon were artificially developed. In 1995, Minekus et al. created a TNO gastro-intestinal model (TIM) with four computer-controlled chambers simulating the conditions of stomach, duodenum, jejunum and ileum. The simulated parameters included the body temperature, pH, salivary, gastric and intestinal mixing with peristaltic movements, secretions and absorption of water and small molecules. Despite the use of pharmacological, physiological and biochemical knowledge of the human and animal GIT and associated secretions, conflicting results such as the extremely low viability of probiotics were obtained. The failure of the above two models indicates the necessity of devising a suitable in vitro model that would be capable of simulating the digestion process as an exact replica of the actual in vivo model. In this paper, the key aspects of the above have been summarized and discussed.
    Type of Medium: Electronic Resource
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  • 117
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    International journal of food engineering 2.2006, 5, art1 
    ISSN: 1556-3758
    Source: Berkeley Electronic Press Academic Journals
    Topics: Process Engineering, Biotechnology, Nutrition Technology
    Notes: This paper presents a comparative study on the role of operating conditions in osmotic distillation (OD) and direct contact membrane distillation (DCMD). Comparisons were made for lab scale OD and DCMD experiments on two types of PVDF hollow fibres under similar operating conditions for the concentration of glucose solutions from 30 to 60% (w/w) at temperatures as low as 25 to 45°C. Analysis of the results indicated that temperature was the most influencing factor for process improvement for both OD and DCMD. The flux in DCMD was improved by 3 to 4 times when feed temperature increased by 15 degrees, while this figure was nearly 3 times for OD when feed temperature increased by 20 degrees. The flow rates of the two streams played a more important role in maintaining the driving force, and consequently the flux rate, in DCMD rather than in OD. It was found that feed velocity had significant effect on DCMD performance, but insignificant in OD. Feed concentration, as the determining factor on water activity and viscosity, caused a more serious reduction of the flux rate in the high concentration range of 45-60% rather than in the dilute region of 30-40%. The effect was more significant in DCMD than in OD. The ratio of DCMD flux over that of OD ranged from 0.41 to 0.66 for PV375 when concentrating glucose solutions 30-40% w/w and from 0.35 to 0.69 for PV650 when concentrating high solid content ones. However, DCMD can overcome the disadvantages of OD being poor consumers' perception, (due to the use of brine solution being a chemical), the potential problem of corrosion by the brine and the cost of its reconcentration.
    Type of Medium: Electronic Resource
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  • 118
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    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Forum for health economics & policy 9 (2006), S. 4 
    ISSN: 1558-9544
    Source: Berkeley Electronic Press Academic Journals
    Topics: Medicine , Economics
    Notes: This paper studies the interactions between health insurance and the incentives for innovation. Although we focus on pharmaceutical innovation, our discussion applies to other industries producing novel technologies for sale in markets with subsidized demand. Standard results in the growth and productivity literatures suggest that firms in many industries may possess inadequate incentives to innovate. Standard results in the health literature suggest that health insurance leads to the overutilization of health care. Our study of innovation in the pharmaceutical industry emphasizes the interaction of these incentives. Because of the large subsidies to demand from health insurance, limits on the lifetime of patents and possibly limits on monopoly pricing may be necessary to ensure that pharmaceutical companies do not possess excess incentives for innovation.
    Type of Medium: Electronic Resource
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  • 119
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    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    International journal of food engineering 2.2006, 3, art8 
    ISSN: 1556-3758
    Source: Berkeley Electronic Press Academic Journals
    Topics: Process Engineering, Biotechnology, Nutrition Technology
    Notes: Chicken nuggets were either deep fat fried at three temperatures (150, 170 and 190oC) for 1 to 4 min or oven baked at three temperature levels (200, 220 and 240oC) for 5 to 25 min. The effects of these cooking methods on mass transfer characteristics of chicken nuggets were evaluated. Moisture loss profiles in the breading and core portions of the product were significantly different. There was a rapid moisture loss from the breading portion within the first 2 min of deep fat frying or within the first 15 min of oven baking followed by considerably reduced rates. Moisture loss in the core region changed only slightly in the early stages of frying or oven baking but increased afterwards. Moisture diffusivity in the breading region was evaluated using analytical solution of Fick's second law diffusion equation. Values of moisture diffusivity were from 20.93x10-10 to 29.32x10-10 m2/s for deep fat frying and from 1.90x10-10 to 3.16x10-10 m2/s for oven baking. The activation energies were 8.04 and 25.7 kJ/mol for deep fat frying and oven baking, respectively.
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  • 120
    Electronic Resource
    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    International journal of food engineering 2.2006, 4, art7 
    ISSN: 1556-3758
    Source: Berkeley Electronic Press Academic Journals
    Topics: Process Engineering, Biotechnology, Nutrition Technology
    Notes: Gelatinisation and retrogradation of starch-whey mixtures were studied in water (pH 7) using the Rapid Visco-Analyser (RVA). The starch:whey ratios ranged from 0:100 - 100:0. Wheat starch, and whey protein concentrate (about 80% solids basis) and isolate (about 96% solids basis) were used. Mixtures with whey isolates were generally more viscous than those with whey concentrates, and this was attributed to fewer non-protein milk components in the former. Whey protein concentrates and isolates reduced the peak, trough and final viscosities of the mixtures, but the breakdown and setback ratios of the mixtures were increased. The gelatinisation temperature increased with whey substitutions indicating that whey protein delayed starch gelatinisation. The temperature of fastest viscosity development decreased as the amount of whey was increased. Whey protein isolate generally exercised a lesser effect than the concentrate. At between 40 - 50% whey substitutions, the dominant phase changed from starch to protein irrespective of the source of the whey protein. An additive law poorly defined selected RVA parameters. Both macromolecules interacted to define the viscosity of the mixture, and an exponential model predicted the viscosity better than the additive law. The results obtained in this study are discussed to assist the understanding of extrusion processing of starch-whey systems as models for whey-fortified snack and ready-to-eat foods.
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  • 121
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    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Theoretical inquiries in law 8.2006, 1, art12 
    ISSN: 1565-1509
    Source: Berkeley Electronic Press Academic Journals
    Topics: Law
    Notes: This Article shows how three modern English thinkers -- Hobbes, Locke and Bentham -- construe the law as an intersection of secular eternity on the one one hand and transience in modernity on the other, allowing for immovability and movement at the same time, combining stability with change. It details how these theorists, who undoubtedly have earned themselves places of honor in the canon of modern political thought, tried to solve the problem of self-grounding in three different and yet paradigmatically modern ways, each of them intertwining law and time in a different fashion, and each of them connecting both law and temporality to happiness. Thus this Article shows not only that these three British thinkers claim in one way or another that while natural desires may provide pleasure, only the law can bring happiness, but also emphasizes that, in their view, the transformation of the former into the latter entails a transformation of temporal consciousness. Thereby this Article foregrounds two elements that are crucial to an understanding of how seventeenth and eighteenth century British thinkers envisaged the transformation of pleasure into happiness by means of the law: first, the notion that the law creates or reinforces duration in social life, and second, the idea that the law can harness the immediacy of desires by assuring the legal protection of enduring pleasures, which lead to happiness.
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  • 122
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    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Basic income studies 1.2006, 2, art7 
    ISSN: 1932-0183
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: This note introduces a virtually unknown social constitution drafted in Brussels in 1848, in which an unconditional basic income figured prominently. We provide details on the historical and intellectual context in which the proposal originated, and briefly compare it with similar proposals of the same period. In the appendix, we present an English translation of the constitution.
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  • 123
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    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Basic income studies 1.2006, 2, art6 
    ISSN: 1932-0183
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: The cost of a negative income tax (NIT) designed to mimic the redistributive effects of a universal basic income (UBI) and set at a level sufficient to eliminate official poverty in the US is estimated using income distribution data for 2002. It is estimated that an NIT satisfying these conditions would have required an $826 billion increase in government spending in 2002, compared to a $1.69 trillion increase for an equivalent UBI. Despite this cost difference, the income and substitution effects of a UBI and an equivalent NIT are shown to be the same; and these effects are analyzed. Finally, the cost of providing a basic income guarantee (BIG) by either of these means is compared to the cost of securing the right to work and income security recognized in the Universal Declaration of Human Rights using a program of direct job creation and conventional income transfers.
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  • 124
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    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Basic income studies 1.2006, 2, art4 
    ISSN: 1932-0183
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: A common objection to unconditional basic income is that it is unfair because it allows people to live off the labour of their fellow citizens without making a reciprocal productive contribution to society (the 'exploitation objection'). The paper outlines four responses to the objection: the perfectionism, balance of fairness, balance of reciprocity, and inherited asset responses. While it finds little merit in the first, it argues that, taken together, the latter three add up to a powerful reply to the exploitation objection. In concluding, the paper also explains that even if the exploitation objection can be satisfactorily met, there might still be other justice-based reasons for making basic income conditional on behaviour.
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  • 125
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    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Basic income studies 1.2006, 2, art11 
    ISSN: 1932-0183
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
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  • 126
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    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Basic income studies 1.2006, 2, art3 
    ISSN: 1932-0183
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
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  • 127
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    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Basic income studies 1.2006, 2, art13 
    ISSN: 1932-0183
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
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  • 128
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    Electronic Resource
    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Basic income studies 1.2006, 2, art9 
    ISSN: 1932-0183
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Type of Medium: Electronic Resource
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  • 129
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    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Basic income studies 1.2006, 2, art2 
    ISSN: 1932-0183
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
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  • 130
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    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Asian journal of comparative law 1.2006, 1, art13 
    ISSN: 1932-0205
    Source: Berkeley Electronic Press Academic Journals
    Topics: Law
    Notes: Collective bargaining is the best mechanism to attain a cordial relationship between employers and employees. It is also an effective forum to agree on terms and conditions of employment. In order to achieve such purposes, industrial relations systems in a country must provide legal mechanism to enable parties to bargain collectively with a view to concluding a collective agreement. The ILO has adopted a convention providing a framework for member states to enact laws that would facilitate such a mechanism. In this respect, Malaysia has enacted the Industrial Relations Act 1967, which provides among others a mechanism for collective bargaining. In this article we argue on the extent of the right of Malaysian workers to collective bargaining in the context of the ILO standards. Here we argue that despite the legal mechanism available that facilitates collective bargaining between the two parties, Malaysian workers and their trade unions face some difficulties in bargaining with their employers.
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  • 131
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    Asian journal of comparative law 1.2006, 1, art1 
    ISSN: 1932-0205
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    Topics: Law
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  • 132
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    Asian journal of comparative law 1.2006, 1, art18 
    ISSN: 1932-0205
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    Topics: Law
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  • 133
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    Asian journal of comparative law 1.2006, 1, art3 
    ISSN: 1932-0205
    Source: Berkeley Electronic Press Academic Journals
    Topics: Law
    Notes: Are Asian law schools adequately preparing law students to handle problems raised by cross-border disputes? Preparation has generally been limited to courses in conflicts of law, international law and comparative law, but the successful presentation of a legal position in a foreign legal system arguably requires more than an understanding of legal rules. Studies in legal culture suggest that participants in different legal systems think about the law in radically different ways. Comparative examples from the criminal justice systems of the United States and Japan demonstrate that some knowledge of a comparative rhetoric of argument - which arguments are appropriate in different legal systems - is required. Legal Writing Programmes can play a role in teaching comparative argument by expanding the concept of "audience" to include foreign legal systems.
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  • 134
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    Capitalism and society 1.2006, 1, art3 
    ISSN: 1932-0213
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
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  • 135
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    Capitalism and society 1.2006, 1, art2 
    ISSN: 1932-0213
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: This paper analyzes how interacting financial development with initial income, macroeconomic volatility and policy variables, can improve our understanding of convergence and divergence across countries, and also restore the significance of correlations between growth and volatility and therefore between growth and macropolicy, even when controlling for country fixed effects or when eliminating countries with extreme policies or bad institutions.
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  • 136
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    Capitalism and society 1.2006, 3, art3 
    ISSN: 1932-0213
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
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  • 137
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    Capitalism and society 1.2006, 2, art1 
    ISSN: 1932-0213
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: This essay falls into three parts. The first reviews the Second Industrial Revolution based on the commercializing of electrical and steam power and lasted from the 1880s through the 1920s. The leaders here were concentrated along the Rhine Valley from Basel in Switzerland to the Low Countries. That technology permitted these pioneering enterprises to market their products worldwide. Because World War I cut the Rhine Valley off from most markets, high technology enterprises in the United States and much of Europe were forced to build their own research and development units. The Rhine Valley re-entered global markets in the 1920s and precipitated what Joseph Schumpeter has termed "The decade of creative destruction." The 1929 Wall Street crash and the coming of the 1930s' Great Depression marked the close of the Second Industrial Revolution.The second part is based on the new science of electronics and had its beginnings in the 1920s. The Radio Corporation of America commercialized new audio and video technologies. In the 1960s, RCA became a conglomerate and self-destructed allowing the Japanese firms Matsushita and Sony to capture markets world wide. In the 1950s, International Business Machines Company (IBM) commercialized four new electronic devices which led to the creation of Information Technology (IT) in the 1960s with the System 360 followed by the System 370 that dominated world markets. Then in the 1980s, largely by accident, four leading Japanese computer manufacturers successfully challenged the U.S. in the world market for computers.The third part rests on the fact that high technology industries continue to depend on the commercializing of scientific learning as had occurred in the field of chemistry in the 1960s. Chemical companies in the 1960s were forced to commercialize new products based only on existing technologies. Biology, on the other hand, was creating the wholly new disciplines of microbiology and enzymology and then new sciences arose with the discovery of the double helix. Molecular biology and its offshoots of biotechnology and genetic engineering are just beginning to evolve. I close with a review of four recent articles with a heading High Technology Ignored. Historical reality is reviewed here.
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  • 138
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    Capitalism and society 1.2006, 2, art6 
    ISSN: 1932-0213
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
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  • 139
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    Journal of business valuation and economic loss analysis 1.2006, 1, art7 
    ISSN: 1932-9156
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: Of all of the businesses in the Nation about .5% could be classified as actively traded, the other 99.5% require special treatment for valuation purposes. A number of the important issues are reviewed, all of which should be understood by all Attorneys who could have clients involved in business valuations. Issues are related to accounting practices, premiums, discounts of various sorts, required return, capitalization rates and proxies for variables not available. Most of the issues are illustrated in a practical valuation. Quantification of a number of the variables is illustrated as well.
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  • 140
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    Chemical product and process modeling 1 (2006), S. 3 
    ISSN: 1934-2659
    Source: Berkeley Electronic Press Academic Journals
    Topics: Chemistry and Pharmacology , Process Engineering, Biotechnology, Nutrition Technology
    Notes: Fluidised-bed Catalytic Cracking (FCC) units, are one of the most complex and interactive processes in the refining industry, hence they are difficult to operate and to control; on the other hand they are one of the main producers of gasoline, which is an incentive to improve operation policies. This work deals with the design of regulative control law for stabilisation of reactor and regenerator temperatures considering that kinetics terms are poorly known, which is the industrial case. This control law uses on-line estimates of the heat of reaction, obtained from Kalman-like filtering of measured temperatures. The controllers designed are similar to standard input-output linearising controllers and can be tuned by standard techniques. Performance of the estimation technique under closed-loop operation is analysed by numerical simulations, considering noisy measurements and time delay in the regenerator control input.
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  • 141
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    Asian journal of comparative law 1.2006, 1, art15 
    ISSN: 1932-0205
    Source: Berkeley Electronic Press Academic Journals
    Topics: Law
    Notes: Following the 1997 financial crisis, Korea underwent a dramatic overhaul of its corporate governance framework. Drastic changes in its legal and regulatory infrastructure led to more transparent and accountable companies. Boards of directors, shareholders, stakeholders, and auditors began to function effectively and even a corporate control market emerged. Many forms of internal and external corporate governance and market-oriented discipline were established. Korean companies are poised to make a quantum leap to reach the most competitive international levels of corporate governance. This paper argues that Korea must continue its reform efforts. It first discusses the Asian financial crisis and the first stage of reforms that followed. It then explores the areas where Korea needs to undergo the next stage of reforms. It will argue that only then can Korean corporations receive proper valuations. Korean companies have indeed come a long way but lingering perceptions of weak corporate governance thwart them from becoming world-class competitors.
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  • 142
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    Journal of business valuation and economic loss analysis 1.2006, 1, art4 
    ISSN: 1932-9156
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: We examine the time series properties of medical net discount rates based on five different medical consumer price indices, namely, medical care, medical services, medical care commodities, physician's services, and prescription drugs & medical supplies that were first analyzed by Ewing, Piette, and Payne (2003). Unlike Ewing, Piette, and Payne (2003), we test for the presence of a unit root in these series using statistics that allow for a break in the trend function at an unknown date, and find that all series are tend-break stationary. Therefore, practitioners should use medical net discount rate forecasts based on the estimated trend function in the post-break periods to calculate the present value of future medical costs.
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  • 143
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    Peace economics, peace science and public policy 12 (2006), S. 1 
    ISSN: 1079-2457
    Source: Berkeley Electronic Press Academic Journals
    Topics: Political Science
    Notes: This paper considers a partial equilibrium model of conflict where two asymmetric, rational and risk-neutral opponents clash in order to redistribute a divisible prize in their favour. Differently from common contest models agents have the option of choosing a second instrument to affect the outcome of the conflict. The second instrument is assumed to capture a complex bundle of Conflict Management Procedures (CMPs). Through comparative statics, different scenarios are studied. A Potential Settlement Region (PSR) is presented as the set of all possible settlement points. First, the role of asymmetry in the evaluation of the contested stake has been underlined. The agent with the lower evaluation will expend efforts in conflict management only when the asymmetry is extremely large. When agents are asymmetrical both in evaluation of the stake and in fighting abilities, there is also a smaller PSR. Once the destruction parameter is considered, agents clearly also take into account the opportunity cost of the conflict and enlarge a PSR. Finally, throughout the paper, the concept of entropy has been applied as a tentative tool for the measurement and evaluation of conflict and conflict management.
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  • 144
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    Peace economics, peace science and public policy 12 (2006), S. 1 
    ISSN: 1079-2457
    Source: Berkeley Electronic Press Academic Journals
    Topics: Political Science
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  • 145
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    Peace economics, peace science and public policy 12 (2006), S. 2 
    ISSN: 1079-2457
    Source: Berkeley Electronic Press Academic Journals
    Topics: Political Science
    Notes: This paper focuses on the controversy that prevails concerning the extent to which an arms race is going on between Greece and Turkey. An examination of the recent contributions on this major issue beginning the year 2000 onwards suggests that the pronounced discrepancies among the conclusions drawn in these papers may be attributed to two major reasons among others: the effectiveness of the techniques employed, as well as the inadequacy of certain policy recipes to treat actual defense incidents.
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  • 146
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    Peace economics, peace science and public policy 12 (2006), S. 3 
    ISSN: 1079-2457
    Source: Berkeley Electronic Press Academic Journals
    Topics: Political Science
    Notes: We identify market failures in the development of regional cooperation projects in the Middle East. We use a database of planned projects in the last decade and evaluate their qualities from three main perspectives: micro-economic viability, feasibility and regional impacts. Market failures are evaluated as the gaps between the values of these perspectives, and are assessed for various types of regional cooperation projects. We find that projects of cooperation in infrastructure and public services, on a bilateral or multilateral basis, defined here as ``high profile", are more characterized by heavier regional impacts, and therefore by stronger macro-economic externalities and socio-political externalities. The existence of such market failures requires a policy of stronger involvement of the public sector for the support of this type of projects. Business economic cooperation projects are mostly ``low profile" (implemented separately in single countries) and tend to be based on micro-economic viability and therefore do not require a significant public intervention.
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  • 147
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    Business and politics 8.2006, 1, art3 
    ISSN: 1369-5258
    Source: Berkeley Electronic Press Academic Journals
    Topics: Political Science , Economics
    Notes: Democratic consolidation was the top priority of re-democratized Argentina and Brazil. Regional integration was also part of this goal from two perspectives: from the outside, through a treaty that diminished the scope for political manoeuvring by the military and increased international support for the incumbent administrations, and; from within, through encouragement of a proactive role for business in integration that would give it democratic legitimacy, while, at the same time, exercising democratic practices. Argentine and Brazilian political classes expected to combine these two aspects but soon had to face business reluctance. Government-business relations in the construction of Mercosur reflected government attempts to balance the trade-off between the approaches from without and from within. Although business was largely excluded from the strategic formulation of integration, in a democratic context, governments have to accommodate societal interests. This occurred through a significant overlap between powerful business interests and the executive's plans. The achievement of integration helped consolidate democracy and the choices made by political elites drove forward the democratic process.
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  • 148
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    Business and politics 8.2006, 2, art4 
    ISSN: 1369-5258
    Source: Berkeley Electronic Press Academic Journals
    Topics: Political Science , Economics
    Notes: In the study of corporate political activity in the United States, scholars have consistently relied on samples comprised entirely or principally of large firms. While scholars have raised the issue of bias in these samples, there have been no systematic examinations of the consequences for causal inference. We address this issue directly by comparing the results of comprehensive models that examine corporate lobbying using both large-firm and randomly-generated samples. We find that while there are some notable differences, they are certainly not so large as to lead us to question fundamentally the results of decades of scholarship. In short, the results generated using a random sample lead to causal inferences largely consistent with those in the theoretical and empirical literature. In particular, firms' resources and interactions with government condition both their decisions to lobby and the level of their activity.
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  • 149
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    International journal of nursing education scholarship 3.2006, 1, art1 
    ISSN: 1548-923X
    Source: Berkeley Electronic Press Academic Journals
    Topics: Medicine
    Notes: The benefits obtained from properly managed clinical preceptorships cannot be underestimated. Nursing students benefit from clinical preceptors who exemplify the application of theoretical knowledge in actual clinical settings. Preceptorships, and the use of preceptors, remain a viable and important adjunct for faculty in US schools of nursing. This article reports on a portion of a study of undergraduate baccalaureate nursing programs and the use, selection, and evaluation of clinical preceptors. The results suggest that the design of most preceptorship programs does not consistently secure the use of qualified clinical preceptors. Today's clinical preceptors need to be more carefully selected, oriented, and evaluated to ensure quality education of nursing students. Benefits can be realized not only in nursing education, but also in nursing practice, patient care, and nursing administration. More research needs to be done in the area of clinical preceptorships and more specifically, selection and evaluation methods.
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  • 150
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    Journal of complementary and integrative medicine 3 (2006), S. 5 
    ISSN: 1553-3840
    Source: Berkeley Electronic Press Academic Journals
    Topics: Medicine
    Notes: We interviewed 1072 people interested in medicinal plants and phytotherapy living in Belo Horizonte and its immediate surrounding areas, in Minas Gerais, Brazil. The questionnaire was designed to document patterns of use of herbal remedies in a metropolitan area and to identify the plants most commonly used by this population. The interest in this theme is higher among women, particularly among housewives. People aged 41 to 50 years old also reported higher rates of use. One of the main reasons for the interest in herbal remedies was the belief that plants are more effective than conventional therapies and are associated with lower incidence of side effects. This population uses a total of 316 different plants and one third of them are indigenous to Brazil. The results suggest that there is a strong interest in using herbal remedies by this population and special efforts are thus required to improve the access and quality of such products in Brazil and other larger cities in Latin America.
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  • 151
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    Journal of complementary and integrative medicine 3 (2006), S. 6 
    ISSN: 1553-3840
    Source: Berkeley Electronic Press Academic Journals
    Topics: Medicine
    Notes: A decoction of leaves and unripe fruits prepared from C. aronia syn. azarolus (L) (Rosaceae), the indigenous Israeli hawthorn, is used to treat diabetes in Arab traditional medicine. There is a growing body of evidence reporting the presence of systemic oxidative stress in insulin-dependent and non-insulin dependent diabetes. We have already reported that this decoction has antioxidant properties in vitro. In this report, we extended these in vitro observations to study its antioxidant action in the streptozotocin (STZ)-induced diabetic rat in which we measured its effect on plasma and tissue indices of oxidative stress, as well as blood glucose levels. In an experiment lasting 24 days, 30 diabetic and 30 control rats were each subdivided into three separate groups. Group 1 rats drank tap water, group 2 rats drank the decoction containing 50 mg grounded dried plant/mL and group 3 rats drank the decoction containing 350 mg grounded dried plant/mL. Upon completion of the treatment period, the rats were anesthetized and blood glucose was measured using a drop of blood obtained by tail vein puncture. The abdomen was opened and aortic blood was withdrawn for measurement of the plasma levels of lipid peroxides, glutathione, cholesterol and triglycerides and the livers were harvested for determination of the extent of lipid peroxidation. The results of these experiments show that a decoction prepared from the leaves and unripe fruits of C. aronia normalizes plasma lipid peroxide levels and lowers blood glucose levels in diabetic rats. These findings indicate that the therapeutic benefit of the decoction could be due to these two actions, thereby providing a basis for its use in treating diabetes in traditional Arab medicine.
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  • 152
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    Journal of complementary and integrative medicine 3 (2006), S. 3 
    ISSN: 1553-3840
    Source: Berkeley Electronic Press Academic Journals
    Topics: Medicine
    Notes: The use of herbal medicines or natural health products as alternative medicines for public health use continues to expand rapidly around the world. Pre-clinical assays are essential to guarantee the efficacy and safety of natural products and are commonly requested by regulatory agencies to approve marketing of these products. Different animal models are used to evaluate the pharmacological effects of natural health products and herbal medicines in particular. The main toxicological assays and pharmacological activities to be tested in the evaluation of natural products will be discussed in this presentation. Common pharmacological effects of herbal medicines are: anti inflammatory, antioxidative, hepatoprotective, laxative and analgesic. The importance of using positive and negative controls will be explained and examples will be provided. Animal models currently used in the evaluation of herbal medicines will be presented and the importance of selecting the right model to reproduce human disorders will be highlighted.
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    International journal of nursing education scholarship 3.2006, 1, art13 
    ISSN: 1548-923X
    Source: Berkeley Electronic Press Academic Journals
    Topics: Medicine
    Notes: Nursing is at the cusp of a truly revolutionary time in its history with the emergence of electronic health (eHealth) technologies to support client care. However, technology itself will not transform healthcare without skilled practitioners who have the informatics background to practice in this new paradigm of client care. Nurse educators have been slow to react to the matter of the necessary knowledge, skills, and practice competencies required for nurses to function as eHealth practitioners. Specifically, undergraduate nursing education must take a proactive stance towards curriculum development in the areas of eHealth and informatics. The purpose of this paper, therefore, is to propose recommendations about the review and redesign of nursing curricula in relation to nursing informatics. Recommendations include increased information literacy education, interdisciplinary collaboration, and client-centred technologies. Recommendations for faculty development in nursing informatics are also provided.
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  • 154
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    International journal of nursing education scholarship 3.2006, 1, art18 
    ISSN: 1548-923X
    Source: Berkeley Electronic Press Academic Journals
    Topics: Medicine
    Notes: There is an increased momentum to improve nurses' expertise in dealing with end of life issues via a standardized education program, ELNEC. This program has not been evaluated systematically. This quasi-experimental, longitudinal study's goal was to measure ELNEC Program's impact on registered nurses' death anxiety, death attitudes, and knowledge over time. General Systems Theory provided the foundation. Nurses completed surveys prior to and 3 times after the program. Research and control groups were similar. Research group's death anxiety scores increased immediately post- program, decreased 6 months later (t=-2.65, p=.02) and returned to pre-program levels at 12 months. Death attitudes varied. Knowledge levels improved significantly. The control group had steady increases in death anxiety scores. The program was associated with decreased death anxiety. Recommendations include timing evaluations after participants have time for reflection and planning "booster programs" to sustain effects. Future studies should include larger samples, incentives, and research method triangulation.
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  • 155
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    International journal of nursing education scholarship 3.2006, 1, art5 
    ISSN: 1548-923X
    Source: Berkeley Electronic Press Academic Journals
    Topics: Medicine
    Notes: Nurses work in complex health care systems, which today are based not only on medical treatment and cure, but also on enabling individuals and strengthening communities. This paper describes a curriculum approach to teaching nursing in an Australian university which seeks to prepare students for this environment. Underpinned by transformative education principles, and termed Solution Focused Nursing, specific teaching and learning strategies are discussed. A goal is to cultivate critical thinkers and knowledge workers, that is, nurses who are not only able to work skillfully, strategically, and respectfully with clients, but who also demonstrate discernment, optimism, and vision about nursing and health care.
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    International journal of nursing education scholarship 3.2006, 1, art12 
    ISSN: 1548-923X
    Source: Berkeley Electronic Press Academic Journals
    Topics: Medicine
    Notes: A project planning group consisting of college and university representatives from a collaborative undergraduate nursing program developed an inclusive, process-oriented faculty development initiative to enhance the integration of clinical guidelines in clinical courses. In the first phase, results of a needs assessment were used to inform the development of a six-hour workshop for the third year clinical faculty in acute care, mental health, and community health. Pre-post surveys were conducted with students and clinical faculty during the first phase. Results from the workshop and surveys were used to develop a four-hour workshop for clinical faculty in all years of the program. The relatively short workshop process shows promise for initiating integration of clinical guidelines in undergraduate nursing education.
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    International journal of nursing education scholarship 3.2006, 1, art16 
    ISSN: 1548-923X
    Source: Berkeley Electronic Press Academic Journals
    Topics: Medicine
    Notes: Findings of a study of the impact of professional learning on Malaysian registered nurses are reported. The offshore delivery post-registration nursing degree programme is a formal aspect of professional learning, which enables Malaysian registered nurses to upgrade their hospital-based training or diploma of nursing qualification to a degree. Using a qualitative case study approach, data were collected from twelve programme graduates, through individual and focus group interviews. The programme promoted their personal professional growth and enhanced their professional development. It increased self-confidence, knowledge, self-fulfillment, critical thinking ability, interpersonal skills, interest in research and research utilisation, and life-long learning. There was evidence of career mobility and a raised awareness of their professional role and responsibility.
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    International journal of nursing education scholarship 3.2006, 1, art11 
    ISSN: 1548-923X
    Source: Berkeley Electronic Press Academic Journals
    Topics: Medicine
    Notes: Nursing education recognizes the need for a framework of experiential learning that supports the development of professional roles. Action methods, originated by Jacob L. Moreno (1953), can be readily adapted to any nursing classroom to create the conditions under which students learn and practice professional nursing roles. While nurse faculty can learn to use action methods, they may not fully comprehend their theoretical underpinnings or may believe they are only used in therapy. This article explores Moreno's ideas related to psychodrama and sociodrama applied in classroom settings, and presents many examples and tips for classroom teachers who wish to incorporate action methods into their classes.
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  • 159
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    International journal of nursing education scholarship 3.2006, 1, editorial1 
    ISSN: 1548-923X
    Source: Berkeley Electronic Press Academic Journals
    Topics: Medicine
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    International journal of nursing education scholarship 3.2006, 1, art23 
    ISSN: 1548-923X
    Source: Berkeley Electronic Press Academic Journals
    Topics: Medicine
    Notes: Worldwide, at least two million people die annually from tuberculosis (TB), with projections of 36 million more global deaths between the years 2003 and 2020. To help nursing faculty strengthen TB curricula and standardize TB content in national and international undergraduate nursing programs, the Nurse Discipline Group of the National Tuberculosis Curriculum Consortium (NTCC) has developed comprehensive TB core competencies and specific student objectives for the classroom setting. These core competencies address the knowledge, ability, and/or skills required for an undergraduate nursing student to provide qualified holistic care for patients, families, and communities impacted by TB. The NTCC is comprised of a team of multidisciplinary health care educators in the United States, with the primary mission to instill knowledge, skills, and appropriate attitudes in the management of active and latent TB among undergraduate health care students.
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    International journal of nursing education scholarship 3.2006, 1, art21 
    ISSN: 1548-923X
    Source: Berkeley Electronic Press Academic Journals
    Topics: Medicine
    Notes: The purpose of this study was to examine the effect of parent-child interaction on self-esteem as mediated by emotional support and self-perception among undergraduate nursing students in Thailand. This study recruited 307 Thai baccalaureate nursing students who completed the Rosenberg Self-Esteem Scale, Ross Parent-Child Interaction Questionnaire, Emotional Support instrument, and Self-Perception questionnaire. Results revealed that the students reported relatively high self-esteem. A path model demonstrated the positive effect of parent-child interaction on emotional support and self-perception, and the positive effects of emotional support and self-perception on self-esteem. Self esteem was powerfully predicted from emotional support and moderately predicted from self-perception. These variables account for 37% of the variance in self esteem.
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    International journal of nursing education scholarship 3.2006, 1, art17 
    ISSN: 1548-923X
    Source: Berkeley Electronic Press Academic Journals
    Topics: Medicine
    Notes: Nursing educators need to continue to explore ways that new pedagogies such as narrative pedagogy and reflective practice inform and extend students' thinking in classroom and clinical situations. The goal of instruction becomes creating an opportunity for learning that integrates content knowledge with knowledge of the context. Educational methodologies that incorporate the use of context in a reflective, dialogical approach over time hold much promise in developing a dynamic process of thinking in practice. Contextual learning is a reflective learning intervention that offers new possibilities for nurse educators to prepare nurses to think critically in practice. In this expository paper the design and instructional methodology of contextual learning is discussed, beginning with a brief overview of the nature of critical thinking and the use of narrative as major underpinnings in the development of this intervention. Examples of how the intervention was implemented with novice nurses in practice is provided. Finally, reflections on how the intervention could be refined for nursing students is offered.
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    International journal of nursing education scholarship 3.2006, 1, art24 
    ISSN: 1548-923X
    Source: Berkeley Electronic Press Academic Journals
    Topics: Medicine
    Notes: There is an unprecedented shortage of registered nurses (RNs) in the United States of America. Efforts to educate more RNs have been limited by a shortage of both clinical placements and preceptors for nursing students. The purpose of this study was to examine nursing education issues associated with student clinical placement as experienced by hospital personnel who coordinate the placements with various schools of nursing. A qualitative study involving 15 state-wide participants directly associated with clinical placement of nursing students was conducted. Emergent themes from the data included lack of consistent terminology and definition of student and preceptor roles, preference of clinical scholars, process of site placements, rewards for supervision of students, dis-satisfiers to the supervision of students and suggested strategies for change. Recommendations which developed from the research are summarized and discussed.
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    International journal of nursing education scholarship 3.2006, 1, art28 
    ISSN: 1548-923X
    Source: Berkeley Electronic Press Academic Journals
    Topics: Medicine
    Notes: Constructivist and adult learning theory provided the theoretical framework for reusable learning units (RLUs) developed for a Southeastern University's family nurse-practitioner and nurse-midwifery distance educational programs. Reusable learning units are an organized series of learning events that satisfy one or more interrelated learning objectives that cannot be broken down to component parts without losing semantic and pragmatic meaning. This paper describes the conceptual framework, background and history of RLUs, and collaborative efforts for development and implementation.
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  • 165
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    International journal of nursing education scholarship 3.2006, 1, art19 
    ISSN: 1548-923X
    Source: Berkeley Electronic Press Academic Journals
    Topics: Medicine
    Notes: Hispanic/Latinos are the fastest growing minority group in the U.S. and the most underrepresented in the U.S. nursing workforce. Although a body of knowledge is growing regarding factors that foster academic success of undergraduate nursing students of color, there is limited information about Hispanic students in general, and Mexican American students in particular in BSN programs. Explored in this qualitative study, were perceived influences of institutional and interpersonal factors on retention and graduation of nine Mexican American students from a predominantly White BSN program. The key findings include adequate financial assistance, maintaining bicultural relations, and experiencing authentic caring relationships from institutional agents, family, and peers as crucial factors in academic success. Recommendations for nursing faculty and administrators are offered.
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  • 166
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    International journal of nursing education scholarship 3.2006, 1, art25 
    ISSN: 1548-923X
    Source: Berkeley Electronic Press Academic Journals
    Topics: Medicine
    Notes: Values are core to the practice of nursing, determining priorities in healthcare and forming the foundation of relationships with clients. Specific values have been recognized as essential to professional nursing practice and are considered central content within a baccalaureate nursing program. While these professional values are identified and defined, there is little guidance in nursing pedagogical literature as to teaching approaches, range and depth of content, and evaluative methods in this area. Clear discussion of an effective educational approach to professional values would be a significant contribution to the discipline of nursing. The paper expands on the brief summary of the five professional values identified by AACN as essential to professional nursing practice. It is easy to understand these values on a superficial level, but these values have many layers and are very difficult to live out in nursing practice. The discussion moves beyond definition and gives specific examples to lend clarity and depth to the topic. The discussion includes common areas in which students have difficulty, noting the inherent challenges for each of the values.
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  • 167
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    International journal of nursing education scholarship 3.2006, 1, art26 
    ISSN: 1548-923X
    Source: Berkeley Electronic Press Academic Journals
    Topics: Medicine
    Notes: This paper highlights findings from a literature search to examine the role of nursing education in preparing nurses to meet healthcare demands. The review focused on nursing students' perceptions of nursing and whether these views change during their nursing studies and impact workplace preferences. Nursing students often enter their program with preconceived ideas of where they want to work following graduation. Large urban hospitals were favored over community care because of the perceived opportunities for support. Of particular importance were the negative views relating to care of elderly patients. Unless attitudes are changed during their nursing studies, they may affect initial job selection. Implications for nursing education include provision of educational experiences that foster an optimistic career outlook in areas where there is a growing need for nursing services. More research is needed to determine how to enable appropriate learning experiences when there are limited resources and practice placements.
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  • 168
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    Journal of quantitative analysis in sports 2 (2006), S. 4 
    ISSN: 1559-0410
    Source: Berkeley Electronic Press Academic Journals
    Topics: Sports Science
    Notes: The Bowl Championship Series is designed to match the two top teams in college football in a title game. To determine the top ranked teams, polls are combined with a number of quantitative ratings of the teams known collectively as the "computer ranking". The computer ranking serves primarily to offer a validation of the polls. The individuals whose quantitative ratings are used in the computer ranking have never been given a clear objective to design their ratings for and they are limited in the inputs that they can use (for example, they can not use score or site of game). For all of these reasons, I am advocating a boycott of the Bowl Championship Series by all quantitative analysts.
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  • 169
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    Journal of quantitative analysis in sports 2 (2006), S. 2 
    ISSN: 1559-0410
    Source: Berkeley Electronic Press Academic Journals
    Topics: Sports Science
    Notes: This paper considers a variance decomposition of offensive baseball performance. Estimating the variance components of offensive baseball performance allows one to determine how much of the variability in performance can be accounted for by differences among teams and how much of the variability lies at the level of individual differences within teams. In addition to variance components, this paper examines the reliability estimates of the true team means in offensive baseball performance. Using offensive baseball data from the 2000 season, and replicated again for 2003, intra-class correlations and parameter reliabilities are obtained under the correct probability model for the performance measure in question. The results show that most of the variability in offensive baseball performance lies at the individual level with only a small number of measures where a sizeable amount variance is accounted for by differences among teams. Changes in the variance components and parameter reliabilities are observed from 2000 to 2003. Team level predictors are added to demonstrate the flexibility of the modelling approach. The paper concludes with a summary of the findings and implications for examining the contextual effects in baseball.
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  • 170
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    Journal of quantitative analysis in sports 2 (2006), S. 1 
    ISSN: 1559-0410
    Source: Berkeley Electronic Press Academic Journals
    Topics: Sports Science
    Notes: We present an extensive statistical analysis of the results of all sports competitions in five major sports leagues in England and the United States. We characterize the parity among teams by the variance in the winning fraction from season-end standings data and quantify the predictability of games by the frequency of upsets from game results data. We introduce a novel mathematical model in which the underdog team wins with a fixed upset probability. This model quantitatively relates the parity among teams with the predictability of the games, and it can be used to estimate the upset frequency from standings data.
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  • 171
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    Journal of quantitative analysis in sports 2 (2006), S. 3 
    ISSN: 1559-0410
    Source: Berkeley Electronic Press Academic Journals
    Topics: Sports Science
    Notes: This paper first presents a brief review of potential rating tools and methods for predicting success in the NCAA basketball tournament, including those methods (such as the Ratings Percentage Index, or RPI) that receive a great deal of weight in selecting and seeding teams for the tournament. The paper then proposes a simple and flexible rating method based on ordinal logistic regression and expectation (the OLRE method) that is designed to predict success for those teams selected to participate in the NCAA tournament. A simulation based on the parametric Bradley-Terry model for paired comparisons is used to demonstrate the ability of the computationally simple OLRE method to predict success in the tournament, using actual NCAA tournament data. Given that the proposed method can incorporate several different predictors of success in the NCAA tournament when calculating a rating, and has better predictive power than a model-based approach, it should be strongly considered as an alternative to other rating methods currently used to assign seeds and regions to the teams selected to play in the tournament.
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  • 172
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    Journal of quantitative analysis in sports 2 (2006), S. 4 
    ISSN: 1559-0410
    Source: Berkeley Electronic Press Academic Journals
    Topics: Sports Science
    Notes: We provide a response to Beech's review of The Wages of Wins: Taking Measure of the Many Myths in Modern Sport in this journal. Specifically we are responding to three misinterpretations and/or misstatements in the book review. At the end of each section we explain the process in which we reach our conclusions and where we differ with the reviewer's ascertations.
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  • 173
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    Studies in nonlinear dynamics and econometrics 10.2006, 2, art5 
    ISSN: 1081-1826
    Source: Berkeley Electronic Press Academic Journals
    Topics: Mathematics , Economics
    Notes: This paper analyzes whether or not the econometric methods usually applied to test for absolute convergence have provided this hypothesis a "fair" chance. I show that traditional (absolute and conditional) convergence tests are not consistent with even the simplest model that displays convergence. Furthermore, claims of divergence on the grounds of bimodalities in the distribution of GDP per capita can be made consistent with models in which neither divergence nor twin peaks are present in the long run.
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    Studies in nonlinear dynamics and econometrics 10.2006, 1, art6 
    ISSN: 1081-1826
    Source: Berkeley Electronic Press Academic Journals
    Topics: Mathematics , Economics
    Notes: This paper modifies an ad hoc index originated by Eichengreen et al (1995,1996), which is often used to document financial crises in emerging markets. By assuming nonlinear dynamics in a system of financial data, we successfully develop an alternative approach that not only captures the essence of the conventional index but also offers an indicator that leads the crises in-sample. This is very important for policy markers of transitional economies like Macedonia, for which the historical macroeconomic data are often inadequate for existing "early warning sign" systems of potential crises.
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  • 175
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    Studies in nonlinear dynamics and econometrics 10.2006, 3, art1 
    ISSN: 1081-1826
    Source: Berkeley Electronic Press Academic Journals
    Topics: Mathematics , Economics
    Notes: The functioning of electricity markets has experienced increasing complexity as a result of deregulation in recent years. Consequently this affects the multilateral price behaviour across regions with physical exchange of power. It has been documented elsewhere that features such as long memory and regime switching reflecting congestion and non-congestion periods are empirically relevant and hence are features that need to be taken into account when modeling price behavior. In the present paper we further elaborate on the co-existence of long memory and regime switches by focusing on the effect that the direction of possible congestion episodes has on the price dynamics. Under non-congestion prices are identical. The direction of possible congestion is identified by the region with excess demand of power through the sign of price differences and hence three different states can be considered: Non-congestion and congestion periods with excess demand in the one or the other region. Using data from the Nordic power exchange, Nord Pool, we find that the price dynamics and long memory features of the price series generally are rather different across the different states. Also, there is evidence of fractional cointegration at some grid points when conditioning on the states.
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    Studies in nonlinear dynamics and econometrics 10.2006, 1, art3 
    ISSN: 1081-1826
    Source: Berkeley Electronic Press Academic Journals
    Topics: Mathematics , Economics
    Notes: Two versions of a fractionally cointegrating vector error correction model (FVECM) are presented. In the case of regular cointegration, linear combinations of fractionally integrated variables are integrated to lower order. Generalized cointegration is defined as the case where the cointegrating variables may be fractional differences of the observed series. The concepts are applied to a model of poll data on approval of the performance of prime ministers and governments in the UK.
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    Studies in nonlinear dynamics and econometrics 10.2006, 4, art1 
    ISSN: 1081-1826
    Source: Berkeley Electronic Press Academic Journals
    Topics: Mathematics , Economics
    Notes: We examine potential nonlinear behaviour in the conduct of monetary policy by the Bank of England. We find significant nonlinearity in this policy setting, and in particular that the standard Taylor rule really only begins to bite once expected inflation is significantly above its target. This suggests, for example, that while the stated objective of the Bank of England is to pursue a symmetric inflation target, in practice some degree of asymmetry has crept into interest-rate setting. We argue that, nevertheless, the very predictability of the policy rule, especially when set out in a highly plausible and intuitive nonlinear framework, is perhaps one reason why the United Kingdom has, since the early 1990s, enjoyed price stability combined with relatively strong growth.
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    Studies in nonlinear dynamics and econometrics 10.2006, 3, art6 
    ISSN: 1081-1826
    Source: Berkeley Electronic Press Academic Journals
    Topics: Mathematics , Economics
    Notes: We model electricity futures prices using a seasonal forward curve model, quantifying seasonalities by a deterministic seasonal forward premium. Stochastic features of the futures prices are contained in the stochastic forward premium: a quantity analogous to the well-known convenience yield. The model parameters are estimated from the historical data of IPE electricity futures prices and the spark spread, and electricity forward curves are deseasonalized to reveal their underlying stochastic structure. We apply principal component analysis to the deseasonalized forward curves and develop trading strategies using indicators based on these principal components.
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  • 179
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    Global economy journal 6 (2006), S. 6 
    ISSN: 1524-5861
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: In December 1993, restrictions to foreign ownership across major Mexican economic sectors were abolished. This paper studies output, industrialization intensity, ``international infrastructure", and government expenditures on infrastructure as determinants of FDI inflows into Mexican states over 1994-2001. We conduct a ``general to specific" estimation strategy across Mexican states. Telephone lines appear to be very important to FDI as their coefficients are around 2.0 in Random Effects Models. Industrialization is also important, with coefficients varying from 0.62 to 0.67. Allowing for endogeneity between FDI and real output, dynamic GMM panels confirm the robust effects of telephone lines on FDI. International infrastructure thus appears more conducive to FDI than domestic infrastructure, such as interstate and secondary roads. With international infrastructure being a major catalyst of FDI inflows into Mexico, we provide support to ongoing conventional wisdom promoting such type of investment.
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    Global economy journal 6 (2006), S. 1 
    ISSN: 1524-5861
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: With increasing globalization, to what extent do stock market returns reflect global or domestic risk factors? We find a significant relationship between stock market returns and the global market risk factor and macroeconomic factors respectively. In particular, global factors offer four times more explanatory power than domestic factors for developed market stock returns. Yet domestic factors are as important as global ones in emerging economies. Our method allows for the proxies of the state variables to be endogenously determined. The relationship between macroeconomy and stock market returns is robust after accounting for the market factor, firm size and book-to-market characteristics.
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    Global economy journal 6 (2006), S. 7 
    ISSN: 1524-5861
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: Research has often focused on how foreign direct investment (FDI) transfers technology from developed economies to less developed economies. Most FDI occurs between developed economies, however, and the country receiving the greatest inflow of FDI is the United States. This paper examines whether such FDI inflows have stimulated growth of the U.S. economy. We apply time-series data to a simultaneous-equation model (SEM) that explicitly captures the bi-directional relationship between FDI and U.S. economic growth. FDI is found to have a significant, positive, and economically important impact on U.S. growth. Also, our SEM estimates reveal that FDI growth is income inelastic. These results imply that: (1) even a technologically advanced country such as the U.S. benefits from FDI, (2) the gains from FDI are very substantial in the long run, and (3) the sustainability of the U.S. current account deficit is enhanced by FDI's positive effect on productivity but undermined by the income inelasticity of FDI. Overall, the results suggest that U.S. policies should focus on keeping the country attractive to foreign direct investors.
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    Global economy journal 6 (2006), S. 4 
    ISSN: 1524-5861
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: WTO-led trade liberalisation in environmental services is often seen as having considerable potential for generating 'win-win' outcomes for the economy and the environment. Despite this, progress in liberalising environmental services within the GATS framework has been limited. This paper argues that a major barrier to progress in environmental services liberalisation is uncertainty about the development impact of environmental services liberalisation in developing countries. We develop this argument using the example of water services, where market opening needs to be accompanied by effective domestic regulatory measures. The paper argues that uncertainty on the interpretation of the GATS rules on domestic regulation acts as a further constraint on countries' willingness to make new commitments for trade liberalisation in environmental services. The final section of the paper makes a number of proposals for `accompanying policies' that may be needed to be adopted if progress is to be made in meeting the Doha Development Agenda's commitment to the reduction or elimination of barriers to trade in environmental services.
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    Global economy journal 6 (2006), S. 1 
    ISSN: 1524-5861
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: This paper examines changes in intra-industry specialization indicators over the 1992-2004 period to assess potential for structural adjustment problems that may arise in U.S. textile and apparel products with growth in trade. Separate analyses are conducted for U.S. bilateral trade with China, Mexico, and DR-CAFTA members. Seven of the sixteen three-digit Standard International Trade Classification (SITC) product groups are expected to experience significant structural adjustment problems. With the exception of one group, all fall within the apparel and clothing (SITC 84) category. Results suggest substantial increases in U.S. imports from China are influencing these findings.
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    Global economy journal 6 (2006), S. 4 
    ISSN: 1524-5861
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: This paper presents a model that combines the key features of a Schumpeterian growth model without scale effects and a North-South model of trade. All open economies converge to parallel growth paths because of costly technological transfer. The effects of intellectual property rights (IPR) regimes and trade policies on the growth rate is studied, as well as on a given country's economic performance. The requirement that trade be balanced neutralizes all potential effects of the tariff policy on the world's growth rate, and on the performance of a single country. By contrast, an improvement of a given country's IPR regime is growth neutral, but improves a country's position in the world's productivity rank. These findings are illustrated by simple empirical tests.
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    Global economy journal 6 (2006), S. 4 
    ISSN: 1524-5861
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: Since the beginning of transition, Eastern European and Central Asian (ECA) countries compete against one another in attracting foreign investors by offering ever more generous incentive packages. Recent empirical research provides though little support for the idea that foreign direct investments (FDI) have a positive effect on local economies. This paper examines then whether FDI benefits are sufficient to justify the kind of policy interventions seen in practice. Analysis focuses on the impact of the increasing presence of multinationals on the economic development of transition economies in ECA through the generation of vertical and horizontal spillovers. Our theoretical model shows that policies which promote FDI are more likely to be justified on welfare grounds if multinationals engage in technology transfer that improves local suppliers' productivity, multinationals' technological advantage over the local competitors is only moderate, and the establishment of foreign affiliates does not lower the local processors' market share. Using data from the Business Environment and Enterprise Performance Surveys (BEEPS), empirical research suggests, however, that foreign investments are more likely to have a positive impact on their local suppliers, and a negative one on their local competitors, implying that the second and third conditions are unlikely to hold.
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    Global economy journal 6 (2006), S. 6 
    ISSN: 1524-5861
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: A substantial body of evidence documents the relationship between macroeconomic variables and stock returns and risk from developed countries. The evidence for emerging markets is limited, particularly identifying risk premia compensations for inflation and exchange rates. This paper attempts to quantify the short and long term relationship between inflation and exchange rates with over all stock market performance for the case of the two largest Latin American capital markets, Mexico and Brazil. Extending the Fisher model, the aim is to determine whether or not these markets have failed to keep pace with movements in those two variables (the most unstable and economic growth hampering variables in these economies during the last three decades), and therefore to what extent the stock market succeeds or fails to test as inflation hedges. The empirical evidence is presented assuming positioning of a local investor in their own market, and from the point of view of a U.S. investor in each of these markets. Two unit root tests are also presented to stress long term relationships between stock returns, inflation, and foreign exchange.
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    Advances of theoretical economics 6.2006, 1, art1 
    ISSN: 1534-5963
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: We study the emergence and nature of long-run behavior of continuous state space dynamics that are subjected to random shocks. It is shown that the fine details of the underlying deterministic dynamics may be crucial in determining the evolution of the system. In particular, a risk dominated strategy can emerge in an evolutionary game subject to symmetric decaying perturbations.
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    Advances of theoretical economics 6.2006, 1, art3 
    ISSN: 1534-5963
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: This paper studies mutual consent social networks in which individuals imperfectly monitor others' network ties and have incomplete information about the benefits of network participation. I introduce the Conjectural Pairwise Stability concept, which generalizes Jackson and Wolinsky's (1996) Pairwise Stability concept to allow for limited observation, and apply it to a specific mutual consent network formation game. While limited observation generally leads to the existence of less efficient stable networks, I find that it can also lead to the existence of efficient stable networks. Moreover, stability restrictions considered in previous work lose their refining power as observation becomes more limited.
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    Advances of theoretical economics 6.2006, 1, art4 
    ISSN: 1534-5963
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: This paper examines the consequences of status preferences on entrepreneurial risk-taking in a general equilibrium model of occupational choice. We distinguish between two frames of reference. In the first, status is derived from class-membership, the economic indicator of which is the expected relative income of the person's occupation. In the second, status is tied to individual income relative to the mean. We find that the effect of status needs depends on whether or not the status variable itself is subject to risk. While social status increases entrepreneurial risk-taking in the first case, the effect is ambiguous in the second and crucially depends on how status preferences alter the effective degree of risk aversion. The results carry over to the distributional consequences, where status preferences have an equalizing effect only if certain conditions are met.
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    Advances of theoretical economics 6.2006, 1, art2 
    ISSN: 1534-5963
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: We propose a theory of party competition (two parties, single-issue) where citizens acquire party membership by contributing money to a party, and where a member's influence on the policy taken by her party is proportional to her campaign contribution. The polity consists of informed and uninformed voters: only informed voters join parties, and the party campaign chest, the sum of its received contributions, is used to reach uninformed voters through advertising. A party is a cooperative organization of its members. Parties compete with each other strategically with respect to policy choice and advertising. We propose a definition of political equilibrium, in which party membership, citizen contributions, and parties' policies are simultaneously determined, for each of four financing institutions, running the gamut between a purely private, unconstrained system, to a public system in which all citizens have equal financial input. Equilibria under these institutions are computed by simulation for an example. The representation and welfare properties of these four institutions are compared from these simulations.
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    Advances of theoretical economics 6.2006, 1, art5 
    ISSN: 1534-5963
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: This paper considers the problem of an agent's choice under uncertainty in a new framework. The agent does not know the true probability distribution over the state space but is objectively informed that it belongs to a specified set of probabilities. Maintaining the hypothesis that this agent is a subjective expected utility maximizer, we address the question of how the objective information influences her subjective prior.Three plausible rules are proposed. The first, named state independence, states that the subjective probability should not depend on how the uncertain states are `labeled'. Location-consistency, the second property, assumes that `similar' objective sets of probabilities result in `similar' subjective priors. The third rule is an `update-consistency' rule. Suppose the agent selects some probability p. She is then told that the likelihood assigned by p to some event A is in fact correct; then this should not cause her to revise her choice of p.Another property, alternative to update-consistency, is also proposed. When an agent forms her subjective prior assigning subjective probabilities to events in some ordered sequence, this property requires that the resulting prior be independent of that order.This last property, named order independence, is shown to be equivalent to update-consistency.A class of sets of probabilities is found on which state independence, location-consistency and update consistency (order independence) uniquely determine a selection rule. Some intuition is given regarding why these properties work in this collection of problems.
    Type of Medium: Electronic Resource
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  • 192
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    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Contributions to theoretical economics 6.2006, 1, art3 
    ISSN: 1534-5971
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: Within a costly state verification setting, we derive the optimal financial contract between an entrepreneur, a (potentially financing) supervisor and a pure investor when there is non-verifiable and non-contractible monitoring and limited liability. We show that diversion of cash flows to the entrepreneur arises as optimal behaviour and that to get the best reporting and monitoring incentives it is crucial to separate the financing from the monitoring role. In particular, higher efficiency can be achieved by ensuring that the entrepreneur and the supervisor do not collect any cash flows in low states. These should be paid to a third party instead, the pure investor, who in exchange provides funding. However, whether the pure investor entirely finances the project (and the supervisor purely acts as a monitor) or only provides partial finance (with the supervisor cofinancing) is immaterial, as the optimal financing of the project can justify a range of alternative financial structures.
    Type of Medium: Electronic Resource
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  • 193
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    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Contributions to theoretical economics 6.2006, 1, art7 
    ISSN: 1534-5971
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: This paper studies the relationship between competition and incentives in an economy with financial contracts. We concentrate on non-exclusive credit relationships, those where an entrepreneur can simultaneously accept more than one contractual offer. Several homogeneous lenders compete on the contracts they offer to finance the entrepreneur's investment project. We model a common agency game with moral hazard, and characterize its equilibria. As expected, notwithstanding the competition among the principals (lenders), non-competitive outcomes can be supported. In particular, positive profit equilibria are pervasive. We then provide a complete welfare analysis and show that all equilibrium allocations turn out to be constrained Pareto efficient.
    Type of Medium: Electronic Resource
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  • 194
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    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Contributions to theoretical economics 6.2006, 1, art5 
    ISSN: 1534-5971
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: This paper extends the Downsian-Hotelling model of electoral competition to allow for unobserved qualitative differences between candidates. I show that these underlying qualitative differences generate pure strategy Nash equilibria, even if policies are defined in a multidimensional space, and explain platform divergence from the median. Moreover, the extension gives content to a second (well-known) role elections play apart from bridging conflict: to reveal information about candidates.
    Type of Medium: Electronic Resource
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  • 195
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    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Contributions to theoretical economics 6.2006, 1, art2 
    ISSN: 1534-5971
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: This paper provides a general framework for pricing of real options for wide classes of payoff streams that are functions of Levy processes. As applications, we calculate the values of sequences of embedded options, (which we call Russian dolls), and study two models of expansion of a monopoly. In the first model, the monopoly increases capital stock each time the stochastic demand crosses the boundary of the inaction region. Assuming that above a certain level, the stochastic demand factor increases slower than in the standard geometric Levy models, we demonstrate that the investment threshold is lower than in the standard models. Moreover, in the intermediate range between the regimes of the fast and slow growth, the monopoly may find it optimal to simultaneously increase the capital stock and decrease the output price. In a two-factor model of technology adoption, we show that diffusion and jump uncertainty can produce opposite effects.
    Type of Medium: Electronic Resource
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  • 196
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    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Contributions to theoretical economics 6.2006, 1, art10 
    ISSN: 1534-5971
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: We study a model with product differentiation by manufacturers and spatial differentiation by supermarkets where the customers visit only one shop and the supermarkets carry both goods. Under fixed fee pricing by the manufacturers the intensity of interbrand competition increases with the degree of differentiation between the supermarkets. When the supermarkets are more and more spatially differentiated the struggle between manufacturers and supermarkets dominates the competition between the manufacturers and results in lower wholesale prices and manufacturers profits.
    Type of Medium: Electronic Resource
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  • 197
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    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Topics in theoretical economics 6.2006, 1, art19 
    ISSN: 1534-598X
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: If Cournot oligopolists face uncertainty about the intercept of a linear demand function and if the realized market price must be non-negative, then expected demand becomes convex, which can create a multiplicity of equilibria. This note shows that if the distribution of the demand intercept has a monotone hazard rate and if another, rather weak, assumption is satisfied, then uniqueness of equilibrium is guaranteed.
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  • 198
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    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Advances in economic analysis & policy 6.2006, 2, art2 
    ISSN: 1538-0637
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: Critics of stated preference methods argue that hypothetical bias precludes survey techniques from providing reliable economic values for non-market goods and services, rendering estimation of the total economic benefits of public programs fruitless. This paper explores a relatively new methodology to obtain the total value of non-market goods and services--choice experiments--which conveniently provide information on the purchase decision as well as the characteristic value vector. The empirical work revolves around examining behavior in two very different field settings. In the first field study, we explore hypothetical bias in the purchase decision by eliciting contributions for a threshold public good in an actual capital campaign. To extend the analysis a level deeper, in a second field experiment we examine both the purchase decision and the marginal value vector via inspection of consumption decisions in an actual marketplace. In support of the new valuation design, both field experiments provide some evidence that hypothetical choice experiments combined with "cheap talk" can yield credible estimates of the purchase decision. Furthermore, we find no evidence of hypothetical bias when estimating marginal attribute values. Yet, we do find that the "cheap talk" component might induce internal inconsistency of subjects' preferences in the choice experiment.
    Type of Medium: Electronic Resource
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  • 199
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    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Advances in economic analysis & policy 6.2006, 2, art3 
    ISSN: 1538-0637
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: Many firms divide the price a consumer pays for a good into two pieces---the price for the item itself and the price for shipping and handling. With fully rational customers, the exact division between the two prices is irrelevant---only the total price matters. We test this hypothesis by selling matched pairs of CDs and Xbox games in a series of field experiments on eBay. In theory, the ending auction price should vary inversely with the shipping charge to leave the total price paid constant. Contrary to the theory, we find that charging a high shipping cost and starting the auction at a low opening price leads to higher numbers of bidders and higher revenues when the shipping charge is not excessive. We show that these results can be accounted for by boundedly rational bidding behavior such as loss-aversion with separate mental accounts for different attributes of the price or disregard for shipping costs.
    Type of Medium: Electronic Resource
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  • 200
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    Berkeley, Calif. : Berkeley Electronic Press (now: De Gruyter)
    Advances in economic analysis & policy 6.2006, 2, art4 
    ISSN: 1538-0637
    Source: Berkeley Electronic Press Academic Journals
    Topics: Economics
    Notes: We document the establishment and evolution of a cooperative norm among workers using evidence from a natural field experiment on a leading UK farm. Workers are paid according to a relative incentive scheme under which increasing individual effort raises a worker's own pay but imposes a negative externality on the pay of all co-workers, thus creating a rationale for cooperation. As a counterfactual, we analyze worker behavior when workers are paid piece rates and thus have no incentive to cooperate.We find that workers cooperate more as their exposure to the relative incentive scheme increases. We also find that individual and group exposure are substitutes, namely workers who work alongside colleagues with higher exposure cooperate more. Shocks to the workforce in the form of new worker arrivals disrupt cooperation in the short term but are then quickly integrated into the norm. Individual exposure, group exposure, and the arrival of new workers have no effect on productivity when workers and paid piece rates and there is no incentive to cooperate.
    Type of Medium: Electronic Resource
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