Gender-specific differences in labor market adjustment patterns: Evidence from the United States

Do men and women behave differently while adjusting labor supply over the business cycle? Using data from the United States, we show that women are significantly more likely to adjust along the intensive margin (number of hours), while men adjust more along the extensive margin (employment). Older, single, and divorced/widowed adjust predominantly along the extensive margin.     

20世纪柳永词传播的定量分析

词选是词的主要传播媒介,20世纪词选的数量和种类与前代相比达到最大值,其对柳永词的著录篇数与著录名次亦创历史新高。这种传播盛况充分表明此期柳永词在读者心目中的重要地位和深远影响。俚俗词进入柳永“名词”排行榜与“名词”的分散、扩展趋势则表明此期词学观念、词学趣尚的深刻变化与多元化发展态势。     

自由主义与20世纪中国美学精神

中国自近代以来,始终存在着一个试图向社会独立发言的自由主义文化群体,它对美学的发展产生了至关重要的影响。本文认为,虽然20世纪中国美学体现出多元发展、不断调整的态势,但由于美与自由问题的本质联系,自由主义美学精神就必然构成了这一进程的主干。以康德美学为理论起点,以价值中立原则介入审美实践,以理想主义重建审美乌托邦,是自由主义美学在本世纪表现出的主要特点。     

Reconsidering the philanthropic foundation minimum payout policy under a “new normal”

With the increasing salience of foundations in many policy fields, and recent changes in market conditions, policies towards foundations designed decades ago seem outdated. In this article we suggest reassessing foundation payout minimums. To examine the impact of payout rates on grantmaking foundations lifespan and performance under “new normal” economics, we simulate multiple foundations lifecycles using Monte Carlo methods in diverse capital market conditions, with varied investment and payout strategies.We find that while under past market regime perpetuity seems to be a given, under more probable future scenarios, foundations might face increasingly early mortality and endowment depletion, limiting their potential impact. Furthermore, lower payout rates allow for higher lifetime grantmaking, higher mean annual grantmaking, and lower giving volatility. Accordingly, we suggest a tiered payout policy, in line with foundations’ missions and proper financial planning.     

20世纪前半期杨成志西南民族研究述论

西南民族调查与研究是20世纪前半期中国学术的一大热点,杨成志从1928年的滇川调查开始,致力于西南民族研究,两度出洋留学考察,博采欧美学术,并以中山大学为依托,训练出一批研究西南民族的杰出人才,中山大学因而成为西南民族研究的重镇,杨成志也成为西南民族调查与研究的先驱。     

Separating psychological momentum from strategic momentum: Evidence from men’s professional tennis

In dynamic contests, strategic momentum and psychological momentum potentially coexist, which makes it difficult to distinguish between the two. We employ the setting of professional tennis, which allows us to separate psychological from strategic momentum. In tennis, converting a break point potentially triggers both strategic momentum—due to a change in the relative position of the players—and psychological momentum—due to a change in the perception of the players. To distinguish between these two momentum types, we employ exogenously given interruptions. Interruptions are predicted to affect psychological momentum negatively, while leaving strategic momentum unaffected. Using 4930 game-by-game observations from 141 Grand Slam men’s single matches, we show that the breaking players’ probability of winning a game increases after converting a break point, which provides evidence for momentum. Moreover, we show that this momentum effect is negatively affected by an interruption. Thus, psychological momentum seems to be the main trigger leading to a performance increase after a converted break point.     

Estimation of system reliability for exponential distributions based on L ranked set sampling

Abstract

In the case where strength and stress both follow exponential distributions, this paper considers the maximum likelihood estimator (MLE) of the system reliability based on L ranked set sampling (LRSS). The proposed MLE is shown to have existence, uniqueness and asymptotic normality, and its asymptotic variance is obtained by the Fisher information matrix of LRSS. The values of asymptotic relative efficiencies show that the proposed MLE is always more efficient than the MLE using simple random sampling (SRS). However, the MLE using LRSS cannot be written in closed form. Therefore, the modified MLE is proposed using the technique replaced some terms in the maximum likelihood equations by their expectations. The newly modified MLE using LRSS is shown to be superior to the MLE using SRS. Finally, the proposed method is applied to a real data set on metastatic renal carcinoma study.     

Sensitivity Analysis for Critical Control Points Determination and Uncertainty Analysis to Link FSO and Process Criteria: Application to Listeria monocytogenes in Soft Cheese Made from Pasteurized Milk

Microbiological food safety is an important economic and health issue in the context of globalization and presents food business operators with new challenges in providing safe foods. The hazard analysis and critical control point approach involve identifying the main steps in food processing and the physical and chemical parameters that have an impact on the safety of foods. In the risk‐based approach, as defined in the Codex Alimentarius, controlling these parameters in such a way that the final products meet a food safety objective (FSO), fixed by the competent authorities, is a big challenge and of great interest to the food business operators. Process risk models, issued from the quantitative microbiological risk assessment framework, provide useful tools in this respect. We propose a methodology, called multivariate factor mapping (MFM), for establishing a link between process parameters and compliance with a FSO. For a stochastic and dynamic process risk model of in soft cheese made from pasteurized milk with many uncertain inputs, multivariate sensitivity analysis and MFM are combined to (i) identify the critical control points (CCPs) for throughout the food chain and (ii) compute the critical limits of the most influential process parameters, located at the CCPs, with regard to the specific process implemented in the model. Due to certain forms of interaction among parameters, the results show some new possibilities for the management of microbiological hazards when a FSO is specified.     

SALES AND COLLUSION IN A MARKET WITH STORAGE

Sales are a widespread and well‐known phenomenon documented in several product markets. This paper presents a novel rationale for sales that does not rely on consumer heterogeneity, or on any form of randomness to explain such periodic price fluctuations. The analysis is carried out in the context of a simple repeated price competition model, and establishes that firms must periodically reduce prices in order to sustain collusion when goods are storable and the market is large. The largest equilibrium profits are characterized at any market size. A trade‐off between the size of the industry and its profits arises. Sales foster collusion, by magnifying the inter‐temporal links in consumers' decisions.     

TRADE QUOTAS AND BUYER POWER,WITH AN APPLICATION TO THE E.U. NATURAL GAS MARKET

We consider a market in which domestic buyers negotiate contracts with foreign sellers, and explore how trade quotas can help to increase the buyers' countervailing power. We use the Shapley value to describe bargaining power and the distribution of the trade surplus in such a bilateral oligopoly. By exploiting strategic externalities among the buyers, bilateral trade quotas can improve the buyers' bargaining positions. In contrast, aggregate trade restrictions on all buyers' trade never improve buyer surplus. Minimum quotas on imports from fringe suppliers can benefit nonaffected buyers, as these enjoy positive externalities. We apply these insights to the E.U. market for natural gas and show that the effects of trade quotas on E.U. gas importers' power can be significant.