The market’s reaction to two supreme court rulings on American labor law

The Supreme Court has gradually narrowed the number of persons who are protected by the National Labor Relations Act should they seek to form or join a union, in part by ruling that professionals who also serve as supervisors of less skilled employees are not covered by the Act. The market’s reaction to the two latest rulings, Health Care & Retirement Corp. and Kentucky River is researched herein. Shareholder wealth rose for health care firms in response to each ruling. The market response was greater for the latter decision, signaling investor beliefs regarding the benefit to employers and the likely future direction of court decisions.     

Evolving the latent variable model as an environmental DEA technology

This article tests several nonparametric DEA models for their ability to accurately decompose CO₂ emissions change using a Malmquist styled decomposition framework. This production oriented activity analysis involves panel data and two data sets from the literature for comparison. A new Latent Variable radial input-oriented technology is introduced that is closely associated with a Koopmans Efficient Slacks Based Model. The Latent Variable technology simultaneously reduces inputs and undesirable outputs in a single Multiple Objective Linear Program. This production theoretic methodology is adapted to preserve both scale efficiency and causality within the envelopment framework. Finally, the application studies demonstrate the internal consistency of the Latent Variable reduction coefficients, which overturns previous results and paves the way for further research into undesirable externalities.     

Indicators of family resilience after the death of a child

The aim of this study was to identify and describe resilience qualities in families after losing a child. Questionnaires, including an open-ended question, were utilized to collect data independently from the parents and siblings of the deceased in 89 Belgian families. The results indicate that family strengths in general, and commitment to the family in particular, helped the families' adaptation after the loss. In addition, the adaptation process after the loss was aided if the family members viewed the crisis as a challenge. Both the siblings and the parents indicated that the extent to which a family experienced support from the community was directly related to family adaptation after the loss. Redefining the situation and utilizing social support from friends and family were underlined as effective family coping strategies. The findings could be used in interventions to promote family resilience, thereby affirming the reparative potential of families.     

Product Life‐Cycle Management of Packaged Software

A software product becomes less valuable for its consumers over time due to technological and economic obsolescence. As a result, firms have an opportunity to introduce and sell upgrades that provide higher utility to consumers compared to an older and out‐of‐date software product. In a market that is growing and consists of homogeneous customers, we prove that the optimal upgrade intervals are monotonically increasing throughout the product's life cycle solely because of demand and cost considerations. This finding is in conformity with empirical evidence, thus validating our theoretical model. We then present comparative statics results to show that increase in the rate of obsolescence or network externalities may sometimes increase upgrade intervals for early upgrades and decrease these for later upgrades in the product's life cycle, but increase in market growth rate always decreases these intervals. Further, when successive software upgrades are forward compatible, upgrade intervals are longer than when they are not. Finally, we present three separate extensions of our model to showcase the robustness of our results. Since upgrade development costs depend on upgrade intervals, these insights help managers understand how costing for upgrades changes over the product's life cycle.     

Disabled Women Sexually Abused in Childhood: Treatment Considerations

There is a dearth of literature addressing the issues presented in the treatment of adult disabled women who were victims of childhood sexual abuse. This article focuses on the pertinent issues involved in clinically treating this population, such as the meaning of the traumatic event of sexual abuse for the individual, the disability and how it may have impacted her in terms of dependence, body integrity, and sexuality. Coping strategies and case examples are presented and possible countertransferential reactions are examined.     

Using partially observed Markov processes to select optimal termination time of TV shows

This paper presents a method for optimal control of a running television show. The problem is formulated as a partially observed Markov decision process (POMDP). A show can be in a “good” state, i.e., it should be continued, or it can be in a “bad” state and therefore it should be changed. The ratings of a show are modeled as a stochastic process that depends on the show's state. An optimal rule for a continue/change decision, which maximizes the expected present value of profits from selling advertising time, is expressed in terms of the prior probability of the show being in the good state. The optimal rule depends on the size of the investment in changing a show, the difference in revenues between a “good” and a “bad” show and the number of time periods remaining until the end of the planning horizon. The application of the method is illustrated with simulated ratings as well as real data.     

The once and future crisis

The insurance crisis of the mid-1980s produced a number of legal and public policy reactions. Although many of the immediate symptoms of that crisis have disappeared, a number of its underlying causes remain. This article analyzes the continuing effect of these factors on the insurance markets, and predicts the occurrence of a milder crisis during the mid-1990s.     

The emerging self in conceptualizing and treating mental illness

1. The course of severe mental illnesses is more heterogeneous than previously thought and is influenced by many complex, interacting factors. 2. The experience of self and capacity to cope of people with mental illnesses contribute to the recovery process. 3. Changes in traditional treatment models and a focus on broader societal interventions are needed to facilitate recovery. 4. Psychiatric nurses play an important role in these new developments as evident, for example, in the 3R Program (relapse, recovery, and rehabilitation).