The Texaco racial discrimination case and shareholder wealth

We analyze the wealth ejfects of the Texaco racial discrimination lawsuit both on the shareholders of Texaco and its major U.S. competitors. Employing a comprehensive data set which included every case docket entry and every Wall Street Journal article on the case as an experimental stimulus, our findings suggest that the overall cost of the case to Texaco shareholders exceeded $500 million, that Texaco's tribulations had little, if any, impact on the share prices of its major competitors, and that Wall Street Journal coverage of the case was highly correlated with significant changes in Texaco stock prices. This last finding provides significant support for Hite 's suppostion that newspaper editors “key ” on ex post stock price changes in selecting the events to be covered in the next day's edition. The authors are grateful to Kee Chung for helpful comments on earlier drafts and also acknowlege the help-ful assistance of the staff of the law library at the Cecil C. Humphreys School of Law at The University of Memphis.     

Surname analysis for estimating local concentration of Hispanics and Asians

Surname analysis is a potentially useful technique for identifying members of particular racial, ethnic, or language communities within a population. We review the existing state of the art for identifying persons of Hispanic or Asian origin, based on surnames distinctive of each group. We describe the logic of surname analysis, profile several available surname dictionaries, and illustrate their applications in local redistricting. Results of our ongoing validation studies suggest promising future directions for improving accuracy and broadening applications.This article is based on a paper presented at the annual Population Association of America meetings at Cincinnati, 1 April 1993.     

Local polynomial estimation of Poisson intensities in the presence of reporting delays

Summary.  The system for monitoring suicides in Hong Kong has considerable delays in reporting as the cause of death needs to be determined by a coroner's investigation. However, timely estimates of suicide rates are desirable to assist in the formulation of public health policies. This motivated us to develop a non-parametric procedure to estimate the intensity function of a Poisson process in the presence of reporting delays. We give closed form estimators of the Poisson intensity and the delay distribution, conduct simulation studies to evaluate the method proposed and derive their asymptotic properties. The method proposed is applied to estimate the intensity of suicide in Hong Kong.     

Highly Skilled and Business Migrants: Information Processes and Settlement Outcomes

This paper reports on a research programme that has investigated the migration experiences of highly skilled professional and business migrants to New Zealand. Over a four‐year period, five separate studies have been conducted on the stages in the process of migration. The paper sets out a model of the stages of the migration process and the data and analysis which it has guided. Of particular interest are the information sources available to potential migrants and employers, the cultural sensitivity of settlement processes and the migrants' subsequent ease of access to the labour market. The paper analyses information flows available to migrants at crucial phases in the migration process based on a stages model of the migration process. The model indicates some of the critical steps, interactions, and decisions in the migration process from the individual's point of view. Crucial information gaps are identified and implications are drawn for actors involved at the different stages.     

Sense of Belonging in School as a Protective Factor Against Drug Abuse Among Native American Urban Adolescents

This article presents the results of a study conducted with 243 Native American students who were part of a multi-ethnic sample of adolescents attending middle school in a large urban center in the Southwest region of the United States. Native adolescents who felt a stronger sense of belonging in their school were found to report a lower lifetime use of alcohol and cigarettes, lower cigarette and marijuana use in the previous month, lower frequency of current use of these substances, fewer substances ever used, and a later age of initiation into drug use than other Native students. Research implications are discussed in relationship to school environment, culturally-grounded prevention curricula, and school social work practice.     

On the Third Law of Demand

The Alchian and Allen theorem predicts that it will be harder to find "good" apples in the State of Washington, a prime apple-growing region, than in, say, New York City, where the addition of shipping charges makes "bad" apples comparatively more expensive. We recast the theorem as a testable proposition by explicitly taking the supply side into account and identifying plausible scenarios in which a fixed cost either has no effect on the relative prices of high and low quality grades of the same good in distant markets or, indeed, causes more of the bad apples to be shipped out.