The Time Structure of Self‐Enforcing Agreements

A principal and an agent enter into a sequence of agreements. The principal faces an interim participation constraint at each date, but can commit to the current agreement; in contrast, the agent has the opportunity to renege on the current agreement. We study the time structure of agreement sequences that satisfy participation and no‐deviation constraints and are (constrained) efficient. We show that every such sequence must, after a finite number of dates, exhibit a continuation that maximizes the agent's payoff over all such efficient, self‐enforcing sequences. Additional results are provided for situations with transferable payoffs.     

FREQUENCY OF REPLANNING IN A ROLLING HORIZON MASTER PRODUCTION SCHEDULE FOR A PROCESS INDUSTRY ENVIRONMENT: A CASE STUDY

This study addresses the problem of replanning frequency for a rolling horizon master production schedule (MPS) in a process industry environment under demand certainty. The major contribution of this paper is the demonstration of how the appropriate replanning frequency for a MPS can be determined under the conditions of minimum batch-size production restrictions in a rolling planning horizon setting. In addition, the problem environment for this study is an actual MPS operation that includes features such as multiple production lines, multiple products, capacity constraints, minimum inventory requirements, and multiple goals. Actual data from a paint company are used to determine the appropriate replanning frequency for a rolling horizon MPS. Results indicate that a 2-month replanning frequency was the best at this firm because of the significant cost savings it provided when compared to actual company performance and the other replanning intervals.     

Family labor supply,taxation and saving in an imperfect capital market

This paper combines income and expenditure with time use data to provide a unique picture of the labor supply, household production, saving and consumption decisions of two-adult households over a life cycle defined in terms of the presence and ages of children. The study also draws on data for household borrowing and lending, direct and indirect benefits and taxes to calibrate a “family” life cycle model at the core of which is the hypothesis that households face a borrowing interest rate that rises with the amount of non-collateral based borrowing. The household members jointly choose time paths of time use, consumption and saving over their life cycle in the face of this capital market imperfection. Importantly, households are shown to differ significantly in their saving behavior in a way that depends on secondary earner labor supply, with a strong positive association between saving and the income of the second earner. The results differ sharply from those of the existing literature.     

Self-Consciousness in Shame: The Role of the 'Other'

Although several philosophical approaches to shame emphasize the role of the 'other' this has attracted less attention from psychologists. The psychological construct of self-awareness does not adequately account for the shift in perspective that is involved in shame or embarrassment. This paper outlines a framework for the analysis of shame which emphasises the adoption of another perspective on the self. It proposes that shame is experienced when an individual recognises that an action can give rise to a negative interpretation by others of core aspects of the self, even if he or she does not share that interpretation and there is no self-attribution of responsibility for any wrongdoing. The framework is applied to the analysis of two episodes from Elizabeth Gaskell's novel, North and South . The character is described as experiencing intense shame, despite her belief that she has behaved properly, and this is accompanied by her preoccupation with how her behaviour can be interpreted by others.     

COVID-19 pandemic and the determinants of depressive symptoms among senior citizens of India: An empirical investigation

The COVID-19 pandemic inflicted multiple threats to individuals' physical, mental, and financial health conditions. The pandemic-related restrictive behaviors pose serious consequences for public health and increase the risk of mental illness among individuals, particularly among older citizens. The combination of their pre-existing illnesses, social isolation, COVID fear, and financial adversity frequently aggravates their condition and leads to depression and mental illness. Thus, the present study investigates the mental health status and the determinants of depressive symptoms among older adults of Bhubaneswar during the COVID pandemic context. The study used the Geriatric Depression Scale (GDS-15) to measure their depressive symptoms. The social isolation parameter is measured with the De Jong Gierveld Loneliness Scale. Financial self-efficacy, COVID-19-related psychological fear, and comorbidity health status are other determinants considered. A chi-square test and multinomial logistic regression (MLR) models are adopted to find the probable risk factors that may influence depressive symptoms among older people. The results indicate that comorbidity health conditions, a social isolation mindset, and financial efficacy issues are the significant determinants that drive an older person towards different depression categories. The improvement of these influential factors can lead senior citizens to avoid any health emergency like COVID pandemic. In the event of a public health emergency, such as COVID pandemic, the government could use the study's findings to devise methods for assisting the elderly. Society as a whole should be aware of these findings, which can lead to depressive symptoms, and offer support to the elderly. Future research may concentrate on identifying the causes of depressive symptoms in different age groups or in the presence of specific comorbidity health conditions. Future research may also investigate the factors influencing depressive symptoms in a specific occupation.     

Restructuring Civilian Payouts for Police Misconduct

A person is killed by police every 20 hours in the United States. Office-involved killings have increased about 25% in the past 20 years despite violent crime decreasing. Even more troubling, Blacks are 3.5 times more likely than Whites to be killed by police even when they are not attacking or when they do not have a weapon. Civilian payouts for police misconduct cost local jurisdictions millions of dollars when taxpayer money could be spent in ways that help to close the achievement gap and create jobs. Policy solutions to close this racial gap and improve police-civilian relations have centered mostly on the implementation of body-worn cameras and implicit bias trainings. Although beneficial, I argue these policy solutions fall short because they do not address the lack of accountability that police departments have to the communities they serve. In this article, I recommend a restructuring of civilian payouts for police misconduct from taxpayer money to police department insurances. This restructuring will improve police-civilian relations as well as reduce justifiable homicides and officer-involved shootings by increasing the accountability that police departments have to the communities they serve.