Business Commons^™

Who Survived The Titanic? A Logistic Regression Analysis, Lonnie K. Stevans, David Gleicher

Lonnie K. Stevans

A logistic regression analysis of an extensive data set on the Titanic passengers is presented which tests the likelihood that a Titanic passenger survived the accident--based upon passenger characteristics. The main finding is that underneath the strong overt preference afforded in the rescue by the authorities to women and children over men, there was a complex class determination of survival rates among men, on the one hand, and women and children, on the other. We hypothesize that the statistical interactions of gender and class are explained by two crucial decisions made by the ship’s authorities: 1. to encourage, and perhaps …

Industry Clusters And Economic Development: A Learning Resource, Edward J. Feser

Edward J Feser

One of the most widely discussed issues in community and economic development today is the role of industry clusters as engines of regional growth and development. Many communities are undertaking cluster studies or initiating cluster planning exercises as a way to organize development strategies to promote key local economic strengths or to shore up identified weaknesses. A large consulting industry has emerged to serve governments’ interest in clusters and the research literature on the topic is growing rapidly. At the same time, some analysts have likened clusters to another economic development fad that will eventually be supplanted by the next …

Allocating Contractor Risks In The Hanford Waste Cleanup, Jeffrey M. Keisler, William A. Buehring, Peter D. Mclaughlin, Mark A. Robershotte, Ronald G. Whitfield

Jeffrey Keisler

Organizations may view outsourcing as a way to manage risk. We developed a decision-analytic approach to determine which risks the buyer can share or shift to vendors and which ones it should bear. We found that allocating risks incorrectly could increase costs dramatically. Between 1995 and 1998, we used this approach to develop the request for proposals (RFP) for the US Department of Energy’s (DOE’s) privatization initiative for the Hanford tank waste remediation system (TWRS). In the model, we used an assessment protocol to predict how vendors would react to proposed risk allocations in terms of their actions and their …

Vickrey Auctions With Reserve Pricing, Peter Cramton, Lawrence M. Ausubel

Peter Cramton

We generalize the Vickrey auction to allow for reserve pricing in a multi-unit auction with interdependent values. In the Vickrey auction with reserve pricing, the seller determines the quantity to be made available as a function of the bidders’ reports of private information, and then efficiently allocates this quantity among the bidders. Truthful bidding is a dominant strategy with private values and an ex post equilibrium with interdependent values. If the auction is followed by resale, then truthful bidding remains an equilibrium in the auction-plus-resale game. In settings with perfect resale, the Vickrey auction with reserve pricing maximizes seller revenues.

Auctioning Many Divisible Goods, Peter Cramton, Lawrence M. Ausubel

Peter Cramton

We study the theory and practical implementation of auctioning many divisible goods. With multiple related goods, price discovery is important not only to reduce the winner’s curse, but more importantly, to simplify the bidder’s decision problem and to facilitate the revelation of preferences in the bids. Simultaneous clock auctions are especially desirable formats for auctioning many divisible goods. We examine the properties of these auctions and discuss important practical considerations in applying them.

Merchandise Exports: New England Outshines The Nation, Pingkang Yu

Pingkang Yu

No abstract provided.

Competitive Auction Markets In British Columbia, Peter Cramton, Susan Athey

Peter Cramton

US-Canada Softwood Lumber Trade Dispute, On behalf of British Columbia Ministry of Forests.

Corporate Social Responsibility (Csr): Market-Based Remedies For International Human Rights Violations?, Eric A. Engle

Eric A. Engle

Corporate social responsibility proposes non-binding self governance mechanisms on corporations as a preventative remedy to human rights. This article sceptically analyzes the CSR movement and proposes ways to make non-binding governance more effective.

Low Cost Seismic Test Platform, David A. Bainbridge

David A Bainbridge

The challenge of seismic safety is better testing of building systems rather than just components. This mobile test platform may offer an inexpensive method of testing building performance.

What Do The Ibbottson Historical Studies Really Prove About Firm Size, Risk And Return?, Michael Sack Elmaleh

Michael Sack Elmaleh

I deny that the Ibbottson historical studies prove that small and medium caps outperform large caps because they are more risky. First, I question whether covariance measures are necessarily a good proxy for risk. The higher levels of volatility associated with small and medium cap versus large cap may be a statistical artifact: the greater number of transactions associated with large caps as compared to small caps may account for this difference. Secondly, higher returns on small and medium caps may be a function of less efficient information distribution for these securities as compared to large caps. Finally, can we …

Aggregate Consumption Spending, The Stock Market, And Asymmetric Error Correction, Lonnie K. Stevans

Lonnie K. Stevans

In this study, we show how changes in wealth resulting from unanticipated changes in the value of equity holdings begin a process whereby households alter consumption growth in order to close the gap between actual and target spending. Because of changing uncertainty or equity price volatility over the stock market cycle, we found the time path of this adjustment to exhibit near random walk behavior during stock market downturns. Conversely, during “boom” periods, e.g. when the value of equities held by households was greater than the threshold, the growth in consumer spending was quick to eliminate the disparity between actual …

“Industrialización Del Sur De Tamaulipas”, Ramiro Esqueda-Walle

Ramiro Esqueda-Walle

El trabajo analiza las características socioeconómicas de la Zona Conurbada del Sur de Tamaulipas, sin embargo, se analiza con mayor profundidad la dimensión regional que presenta Altamira, ya que este municipio sin duda es el que mayor proyección económica tiene por la vocación portuaria e industrial que va adquiriendo paulatinamente.

Bank Lending And The Effectiveness Of Monetary Policy Under A Revised Basel Accord, Kevin T. Jacques, David Schirm

Kevin T Jacques

No abstract provided.

Competitive Bidding Behavior In Uniform-Price Auction Markets, Peter Cramton

Peter Cramton

Profit-maximizing bidding in uniform price auction markets involves bidding above marginal cost. It therefore is not surprising that such behavior is observed in electricity markets. This incentive to bid above marginal cost is not the result of coordinated action among the bidders. Rather, each bidder is independently selecting its bid to maximize profits based on its estimate of the residual demand curve it faces. The supplier bids a price for its energy capacity to optimize its marginal tradeoff between higher prices and lower quantities. Price response from either demand or other suppliers prevents the supplier from raising its bid too …

Effect Of Different Thyroid States On Mitochondrial Porin Synthesis And Hexokinase Activity In Developing Rabbit Brain., Philadelphia University

Philadelphia University, Jordan

No abstract provided.

Quality And Reputation: The Effects Of External And Internal Factors Over Time, Kathy Paulson Gjerde, Susan Slotnick

Kathy A. Paulson Gjerde

Note: full-text not available due to publisher restrictions. Link takes you to an external site where you can purchase the article.

Full citation with DOI number is as follows:

Paulson Gjerde, K. A., & Slotnick, S. A. (May 2004). Quality and Reputation: The Effects of External and Internal Factors over Time. International Journal of Production Economics, 89(1), 1–20. doi:10.1016/S0925-5273(03)00190-7

How Cartels Endure And How They Fail : Studies Of Industrial Collusion, Peter Grossman

Peter Z. Grossman

Note: full-text not available due to publisher restrictions. Link takes you to an external site where you can purchase the book or borrow it from a local library.

Building Reputational Capital

kjackson@fordham.edu

No abstract provided.

Key Attributes That Support The Creation And Growth Of Ict Based Industrial Clusters, Malcolm Fraser, Stephen Kelly

Adjunct Professor Stephen J Kelly

This paper provides an exploratory review of current global research on industrial clusters, and seeks to identify the key success components of these clusters. It then discusses these attributes in terms of their implication for New Zealand ICT industrial clusters. It is argued that by reviewing the success attributes underpinning industrial clusters a baseline can be established for decision-making in both the commercial activities of industry vertical groups, as well as local/central government economic policy formulation. The paper identifies the key success factors as the presence of large pillar firms that intact with strong local demand via a sophisticated work …

Macroeconomic And Financial Sector Comparison With Saarc And Asean Countries, Safdar Khan

Safdar Khan

Extract:
Two distinct regional associations, SAARC and ASEAN, comprise over seventeen different economies of Asia. These economies differ from each other in terms of their age, size and economic performance. However, some comparisons can be drawn between these intra-regional economies on the basis of economic and financial performance for a uniform period of observation, spanning from 1990 to 2003.1 This chapter discusses the financial sector indicators of the SAARC and ASEAN countries under the framework of macroeconomic performance, with the objective of assessing the level of Pakistan’s performance in comparison with these countries.

The Impact Of Innovation On Jobs, Skills And Wages, Mario Pianta

Mario Pianta

Unemployment, skill polarisation and growing wage inequality are major problems in advanced countries. Technological change - in particular the emergence of Information and Communication Technologies (ICTs) - has often been called into question as a factor in such labour market developments. This article investigates the impact innovation has on jobs, skills and wages, discussing the concepts for analysis, reviewing the evidence of major studies and providing recent empirical evidence for European countries.

Small Businesses In The Informal Economy: The Evidence Base, Colin C. Williams

Colin C Williams

No abstract provided.

Small Businesses In The Informal Economy, Colin C. Williams

Colin C Williams

No abstract provided.