Fundamental accrued capital gains and the measurement of top incomes: an application to Chile

Most previous studies of income inequality have either ignored capital gains or have used taxable realized capital gains to estimate top incomes. Neither of these approaches is fully satisfactory. We apply for the first time a new methodology that allows us to account for fundamental accrued capital gains as part of the top incomes in a theoretically consistent manner. We estimate the shares of the super-rich in Chile showing that accrued capital gains have a large impact on these estimates. Also, the top income shares estimated using fundamental capital gains appear to exhibit a more stable and presumably more plausible time profile than estimates based on capital gains derived from asset market variations.     

The Endangered Arctic,the Arctic as Resource Frontier: Canadian News Media Narratives of Climate Change and the North

The Arctic is one of the most radically altered parts of the world due to climate change, with significant social and cultural impacts as a result. Using discourse network analysis and qualitative textual analysis of articles published in the Globe and Mail and National Post during the period 2006 to 2010, we identify and analyze key frames that interpret the implications of climate change on the Arctic. We examine Canadian national news media coverage to ask: How does the Arctic enter media coverage of climate change? Is there evidence of a climate justice discourse in relation to regional disparities in the risks and harms of climate change between northern and southern Canada? Climate change in the Arctic is often framed through the lens of Canadian national interests, which downplays climate‐related social impacts that are already occurring at subnational political and geographical scales. L'Arctique est une des régions du monde la plus radicalement altérée par le changement climatique, menant comme résultat des importants changements sociaux et culturels. En utilisant l'analyse des réseaux de discours ainsi que l'analyse textuelle qualitative des articles publiés dans le Globe and Mail et le National Post de 2006 à 2010, nous identifions and analysons des cadres clés qui servent à interpréter les conséquences du changement climatique dans l'Arctique. Nous examinons la couverture des médias nationaux canadiens pour pouvoir demander : comment est‐ce que l'Arctique s'insère dans la couverture médiatique du changement climatique? Est‐ce qu'il y a de la preuve d'un discours de la justice climatique en relation des disparités régionales des risques et méfaits du changement climatique entre le Canada du nord et du sud? Le changement climatique dans l'Arctique est souvent encadré à travers le prisme des intérêts nationaux canadiens, ce qui minimise les impacts sociaux reliés au climat qui se produisent actuellement aux échelons sous‐nationaux politiques et géographiques.     

Defining Women's Global Political Empowerment: Theories and Evidence

Although women's access to political power has increased tremendously, nowhere are women equal to men in their influence over and exercise of political authority. Scholarship on women's political empowerment is uneven and incomplete. This article interrogates ‘women's political empowerment’, considering its definition, measurement, and application. First, we establish that academics and practitioners have not articulated a clear definition of women's political empowerment. To fill this gap, we put forward a new definition that conceptualizes women's political empowerment as a transformative process. We then review existing social science literature on women's political empowerment. We argue that scholars must expand research to develop a broader vision of women's political empowerment and develop measures that capture this breadth.     

A ONE-PERIOD STOCHASTIC INVENTORY PROBLEM WITH A LUMP-SUM PENALTY COST

This paper presents an inventory problem related to the one-period stochastic inventory (or “newsboy”) problem. In this problem, the firm has to decide how much product to order to meet a random one-period demand. The version of the problem presented is novel in two respects. First, demand is explicitly permitted to be negative, and second, the penalty (or shortage) cost is assumed to be independent of the magnitude of the shortage. This situation is shown to change the form of the cost function and to complicate the determination of optimal policies. The form of the optimal policy is developed, and two example problems are presented in some detail.     

A VARIANCE-REDUCTION STRATEGY FOR RSM SIMULATION STUDIES

The application of optimization techniques in digital simulation experiments is frequently complicated by the presence of large experimental error variances. Two of the more widely accepted design strategies for the resolution of this problem include the assignment of common pseudorandom number streams and the assignment of antithetic pseudorandom number streams to the experimental points. When considered separately, however, each of these variance-reduction procedures has rather restrictive limitations. This paper examines the simultaneous use of these two techniques as a variance-reduction strategy in response surface methodology (RSM) analysis of simulation models. A simulation of an inventory system is used to illustrate the application and benefits of this assignment procedure, as well as the basic components of an RSM analysis.     

Marketing Communication Intensity Across Industries

Marketing communication intensity (i.e., the ratio of advertising and promotional expenditures to sales) has been an important topic for both business managers and academics. Here, we investigate cross-sectional and time-series variation of communication intensity due to: type of offering (product versus service) and type of market (consumer versus industrial). Overall, we find that both of these factors affect variation of communication intensity across industries and over time. However, the effect of market type is much more dramatic than the effect of offering type. Such knowledge about patterns in communication intensity levels helps managers make decisions about how much to spend on advertising and promotion.     

A Rejoinder to Forman on AHP,with Emphasis on the Requirements of Composite Ratio Scales*

In an earlier paper [11], the problems of rank reversals and invalid composite priorities in AHP were addressed by modifications to the AHP procedure. That solution was subsequently criticized [5]. In this paper, we rebut these criticisms, and we show how rank reversals in AHP can arise merely from the process of normalizing local priorities.     

The Positive Effects of Easy Goals on Decision Quality and Risk Propensity in an MCPLP Task

In this study the potential performance benefits of easy goals were examined within the multiple cue probability learning paradigm (MCPLP). Specifically, the effects of varying levels of goal difficulty on performance and risk propensity (used to define a form of commitment) were investigated. With few exceptions, previous studies demonstrated support for difficult goals. In this study, contrary to the majority of past evidence, as goals became easier decision quality significantly improved. Moreover, risk propensity increased with easier goals and, as suggested by a post-hoc analysis, had more direct impact on decision makers’ behaviors than goal levels. Goal-related behavior in complex MCPLP tasks appears to significantly differ from the majority of goal evidence in other types of research due to the tendency for subjects to view complex task properties in the same context as goal levels.     

《天方性理》在伊斯兰教传统中的地位

一刘智的《天方性理》是18世纪和19世纪期间中国穆斯林最为广泛阅读的书之一,但该书后来逐渐为某些穆斯林学者所批评。批评此书的穆斯林学者认为,它从真正的伊斯兰教那里走岔了道。即便在今天,那些读此书的穆斯林或非穆斯林们都为这样的事实所触动,即它与通常描述的伊斯兰教义不完全相像。他们多半会问:这本书如何谈论伊斯兰教的呢?哪些地方被认为是穆斯林的内容呢?比如从《古兰经》、先知穆罕默德和大权威作家那里引用的内容在哪里?礼仪的教导、教规和制度、穆斯林信仰的认主学阐述又在哪里呢?为什么会有如此多的新儒家专用术语?从笔者这方…