Social and Behavioral Sciences Commons^™

The Rise In House Prices In China: Bubbles Or Fundamentals?, Jianying Hu, Liangjun Su, Sainan Jin, Wanjun Jiang

Research Collection School Of Economics

The dramatic rise of house prices in many cities of China has brought huge attention from both the governmental and academic circles. There is a huge debate on whether the increasing house prices are driven by market fundamentals or just by speculation. Like Levin and Wright (1997a, 1997b), we decompose house prices in China into fundamental and non−fundamental components. We also consider potential nonlinear feedback from the historical growth rate of house prices on the current house prices and propose a semiparametric approach to estimate the speculative components in the model. We demonstrate that the non−fundamental part contributes a relatively …

Underpriced Default Spread Exacerbates Market Crashes, Winston T. H. Koh, Roberto S. S. Mariano, Andrey Pavlov, Sock Yong Phang, Augustine H. H. Tan, Susan M. Wachter

Research Collection School Of Economics

In this paper, we develop a specific observable symptom of a banking system that underprices the default spread in non-recourse asset-backed lending. Using three different data sets for 18 countries and property types, we find that, following a negative demand shock, the “underpricing” economies experience far deeper asset market crashes than economies in which the put option is correctly priced. Furthermore, only one of the countries in our sample continues to exhibit the underpricing symptom following a market crash. This indicates that market crashes have a cleansing effect and eliminate underpricing at least for a period of time. This makes …

Singapore's Transition To Innovation-Based Economic Growth: Infrastructure, Institutions And Government's Role, Winston T. H. Koh

Research Collection School Of Economics

Technological progress and innovation plays a central role in a country's economic progress. As an economy advances to the global technological frontier and narrows the technological gap, an innovation-based growth strategy that focuses on investments in R&D and technology creation offers the greatest potential for economic growth. In this paper, we discuss the requirements for a successful transition, in terms of changes to the technology infrastructure, economic institutions and the incentives' structure. This paper outlines the efforts made by Singapore to re-make itself as an innovation-based economy, and the challenges faced by the government in transforming the nation's infrastructure and …

Expectations, Animal Spirits, And Evolutionary Dynamics, Angelo Antoci, Massimiliano Landi, Pier Luigi Sacco

Research Collection School Of Economics

We consider a (deterministic) evolutionary model where players have dynamic expectations about the strategy distribution. We provide a global analysis of the co-evolution of play and expectations for a generic two-by-two game. Besides the the typical indeterminacy of the evolutionary dynamics, we find some other ones: for any initial strategy configuration the dynamics can converge to any asymptotically stable fixed point, for different initial values of the expectations. Moreover, starting from the same initial pair of strategy configuration and values of expectations, the dynamics may lead to different asymptotically stable fixed points for different parameters of the expectations.

Employee Screening: Theory And Evidence, Fali Huang, Peter Cappelli

Research Collection School Of Economics

Arguably the fundamental problem faced by employers is how to elicit effort from employees. Most models suggest that employers meet this challenge by monitoring employees carefully to prevent shirking. But there is another option that relies on heterogeneity across employees, and that is to screen job candidates to find workers with a stronger work ethic who require less monitoring. This should be especially useful in work systems where monitoring by supervisors is more difficult, such as teamwork systems. We analyze the relationship between screening and monitoring in the context of a principal-agent model and test the theoretical results using a …

Multivariate Stochastic Volatility: A Review, Manabu Asai, Michael Mcaleer, Jun Yu

Research Collection School Of Economics

The literature on multivariate stochastic volatility (MSV) models has developed significantly over the last four years. This paper reviews the substantial literature on specification, estimation, and evaluation of MSV models. A wide range of MSV models is presented according to various categories, namely, (i) asymmetric models, (ii) factor models, (iii) time-varying correlation models, and (iv) alternative MSV specifications, including models based on the matrix exponential transformation, the Cholesky decomposition, and the Wishart autoregressive process. Alternative methods of estimation, including quasi-maximum likelihood, simulated maximum likelihood, and Markov chain Monte Carlo methods, are discussed and compared. Various methods of diagnostic checking and …

Sixth National Garrett Morgan Symposium On Sustainable Transportation, Mti Report S-06-01, Mineta Transportation Institute

Mineta Transportation Institute

The Mineta Transportation Institute brought together experts in surface transportation and students from elementary, middle, and high schools to discuss sustainable transportation topics on March 28, 2006. The goal was to introduce the students to transportation-related careers and to inspire them to pursue the academic curricula that would lead to success in those careers. Students from California, Maryland, Virginia, and Washington, D.C., participated in a videoconference, during which they heard a keynote statement from the U.S. Secretary of Transportation Norman Y. Mineta. The students also presented project proposals for innovative transportation alternatives during the videoconference. The presentations were followed by …

Challenges Facing Military Organizational Cultural Reform: A Study Of The 2004 Air Force Materiel Command Reorganization, Joy D. Mikulcik

Theses and Dissertations

The purpose of this research was to measure the success of the Product Center (PC) portion of the Air Force Materiel Command (AFMC) reorganization initiated in 2004. The purpose of this study is threefold, 1) to determine if the 2004 AFMC Product Center reorganization has met General Martin's four intended objectives, (2) the reorganizations effects on AFMC employee job satisfaction and organizational commitment and (3) to gather some general opinions about the reorganization overall. The literature review consisted of a detailed look at the history of AFMC, areas of organizational culture, and gathering detailed information regarding the 2004 reorganization itself. …

Gauging The Commitment Of Clandestine Group Members, Doneda D. Downs

Theses and Dissertations

Since the attacks of September 11th, 2001, there has been a great deal of attention given to understanding the inner workings of terrorist organizations in order for the United States to be successful in the Global War on Terrorism. Group dynamics has been one area of interest pursued to gain more insight into a terrorist's cognitive battlespace. Until a few years ago, most research on individual commitment and organizational cohesion has been based primarily on questionnaires and open observations on groups that desire to be understood. However, terrorist organizations are clandestine; they constantly employ operations security (OPSEC) to ensure protection …

A Methodology For Performing Effects-Based Assessments, Benjamin A. Thoele

Theses and Dissertations

In order to bring the doctrine of Effects-Based Operations (EBO) into a fully operational capability, Effects-Based Assessment (EBA) must provide relevant insight to the commander and his planning staff. Assessments of an effects-based plan and execution must include an assessment of the effects of a campaign on the enemy in addition to an assessment of the accomplishment of friendly actions taken to achieve the desired effects. Determining the effects of a campaign requires an analysis of the dynamics of the enemy systems. EBA must be able to recognize the states of the enemy's systems as the system states change over …

Strategic Airlift En Route Analysis To Support The Global War On Terrorism Using A Value Focused Thinking Approach, Marykathryn W. Tharaldson

Theses and Dissertations

The Global War on Terrorism (GWOT) has yielded new challenges to the United States' strategic airlift infrastructure. The network of en-route airfields that serve as refueling and maintenance stops were designed primarily to service relatively static Cold War requirements. However, the GWOT has resulted in the need for an infrastructure that is responsive to a highly dynamic environment. This research uses a "value focused" methodology to identify en-route airfield locations that simultaneously maximize cargo throughput capability while possessing a high degree of adaptability to volatile cargo delivery requirements.

Quantitative Analysis Of A Turbulent Wind Tunnel With Obstructions For Use In Liquid Flame Spread Experiments, Beau M. Brantley

Theses and Dissertations

The research was done as part of an effort to develop alternative fire suppressant technologies for aircraft engine nacelles. The turbulent shear flow behind a surface mounted fence inside an open circuit wind tunnel was investigated experimentally. The tunnel test section was designed to be 2-D and exhibit flow qualities similar to those found in a typical engine nacelle. A 279 mm wide fuel pan was inserted approximately four fence heights downstream of the fence location. The fuel pan was filled using water to simulate fuel with a depth of 32 mm. Cold flow tests were done on different fence …

Building A Consensus Forecast For Crude Oil Prices, Kenneth W. Burke

Theses and Dissertations

Skyrocketing fuel prices have stressed the Department of Defense's budget in recent years. In 2001 the DoD spent $4.7 Billion on fuel with the Air Force consuming $2.7 Billion. These figures have grown over due to these increases as well as the increased flying ours to support the Global War On Terror. In fact, the Fiscal Year 2007 budget has already been increased by $1.1 billion, or 1% of the total budget, to accommodate the increased price of fuel. Current forecasts of this resource have yielded poor results, impairing the DoD's ability to budget this critical expense. Further because the …

Influence Of Organizational Culture On The Relationship Between Psychological Contracts And Organizational Citizenship Behavior, Jennifer M. Carbajal

Theses and Dissertations

The issue of what antecedents of organizational citizenship behavior (OCB) and psychological contracts (PC) employees form with their organization has also been of interest as they have many implications on an employee's extra-role behavior, specifically OCBs. This research investigates the relationship between types of PCs (a) relational and (b) transactional and the propensity to perform (a) altruism and (b) compliance OCB. Furthermore, the influence of organizational culture (OC) dimensions (a) internal orientation and (b) external orientation on this relationship was explored. The results show that transactional PCs were negatively related to both dimensions of OCB. Relational PCs were positively related …

Bda Enhancement Methodology Using Situational Parameter Adjustments, Michael V. Carras Jr.

Theses and Dissertations

In the context of close ground combat, the perception of Battle Damage Assessment (BDA) is closely linked with a soldier’s engagement decisions and has significant effects on the battlefield. Perceived BDA is also one of the most complex and uncertain processes facing the soldier in live combat. As a result, the modeling and simulation community has yet to adequately model the perceived BDA process in combat models. This research effort examines the BDA process from a perception standpoint and proposes a methodology to collect the pertinent data and model this perception in the Army’s current force-on-force model, CASTFOREM. A subject …

In Search Of A Corporate Moral Compass, Kati Tusinski Berg

College of Communication Faculty Research and Publications

No abstract provided.

Living Our Mission: A Study Of University Mission Building, Sarah Bonewits Feldner

College of Communication Faculty Research and Publications

At the same time that organizational communication and management scholars are focusing attention on trends of spirituality in the workplace, faith-based organizations are taking up the question of how they might maintain a distinct spiritual identity. For these institutions, communicating mission becomes the defining feature of institutional identity. Explicitly religious organizations provide a venue for understanding the implications of incorporating spirituality in organizational discourse. This empirical study explores a mission-building conference and examines the ways in which communicating a spiritual mission simultaneously enriches and constrains both the individual members and the organizations as a whole.

Spartan Daily, February 28, 2006, San Jose State University, School Of Journalism And Mass Communications

Spartan Daily (School of Journalism and Mass Communications)

Volume 126, Issue 19

Ua12/2/1 College Heights Herald, Vol. 81, No. 29 [36], Wku Student Affairs

WKU Administration Documents

WKU campus newspaper reporting campus, athletic and Bowling Green, Kentucky news. Articles in this issue:

• Paul, Corey. Alpha Gamma Rhos Suspended Three Years
• Stackhouse, A. Layne. Students Slam Poetry
• Gibson, Adam. New Prepay Ordinance Gets Mixed Reviews – Gas Stations
• Coulter, Amber. Student Loan Rates Increase
• Richardson, Kelly, Coulter, Amber. Universities Worry about ‘Privatization’
• McNamara, Andrew. Former Mall Now Used As Research Facility for Western – Center for Research & Development
• Harrell, Bobby. Imagewest Hosts Open house in MMTH
• Food Service Blunders
• Bussey, Charles. The Cult of the Presidency?
• Carter, Robert. There is More to Bowling Green Than Just Western …

Meeting Agenda, Wku Student Government Association

Student Government Association

Agenda for meeting February 28, 2006.

Hollins Columns (2006 Feb 28), Hollins College

Hollins Student Newspapers

Table of Contents:

• "Life is a cabaret, old chum"
• Hollins Health Fair 2006
• Career Corner
• Trip to Ireland brings choir together
• A Q&A with the Quadrangle staff
• Meet some of next year's SGA representatives
• "Mrs. Henderson presents" a success
• V: A Pretty Good Guy
• A few things I miss about the US
• A response to the letter "Quadrangle article misleading"
• MALS student seeks signatures for U.S. Senate candidate
• Finishing school myth to rest

Grand Valley Forum, Volume 030, Number 29, February 27, 2006, Grand Valley State University

2005-2006, Volume 30

Grand Valley Forum is Grand Valley State's faculty and staff newsletter, published from 1976 to the present.

Central Florida Future, Vol. 38 No. 49, February 27, 2006

Central Florida Future

No abstract provided.

Columbia Chronicle (02/27/2006), Columbia College Chicago

Columbia Chronicle

Student newspaper from February 27, 2006 entitled The Columbia Chronicle. This issue is 44 pages and is listed as Volume 40, Number 21. Cover story: "African-American decline bewilders college officials" Editor-in-Chief: Jeffrey Danna

Investor Reluctance To Invest In Foreign Equities, John A. Sondey, Sarah L. Thompson

Economics Commentator (1972- 2016)

No abstract provided.

Optimizing The Recovery Of Sponsored Research-Related Library Costs, Brinley Franklin

UConn Library Presentations

No abstract provided.

Iwu To Host Talk By Consul General Of Spain, Kay Mitchell

News and Events (Discontinued Series)

No abstract provided.

Hollins Columns (2006 Feb 27), Hollins College

Hollins Student Newspapers

Table of Contents:

• The search is on... again
• Women's history month celebrated with new conference
• Strategic planning creates a new vision
• Economics department forsees needed change
• Women's leadership and social conference starts buzz
• "Career Development" News Corner
• Course on personal narratives changes outlook
• Navigating the maze of the Judicial System
• S.H.A.R.E. reaches out to various communities, causes
• Blurring the student/faculty divide: progressive or incestuous?
• I want to be Dean Ridley when I grow up
• When in London: Independence learned through subway trials
• Music review: Beth Orton's "Comfort of Strangers"
• Wouldn't it be grand if life was a musical?
• Race exercise …

Perceptions Of Parents, Self, And God As Predictive Of Sympton Severity Among Women Beginning Inpatient Treatment For Eating Disorders, Melissa H. Smith

Theses and Dissertations

The present investigation examined whether perceptions of parents, self, and God among women beginning inpatient treatment for eating disorders was predictive of symptom severity. The sample included 464 women (ages 12 to 56 years) beginning inpatient treatment for eating disorders at a private treatment facility, with the majority being Caucasian. Participants completed study measures as part of an initial battery of assessment measures, and included indices of eating disorder symptomology, parental relationships, self-esteem, and religious well-being. Multiple regression analysis showed perceptions of self and parents to be significant predictors, however perceptions of God failed to predict eating disorder symptom severity. …

Spartan Daily, February 27, 2006, San Jose State University, School Of Journalism And Mass Communications

Spartan Daily (School of Journalism and Mass Communications)

Volume 126, Issue 18