A publisher uses an honor-system for selling a newspaper in the street. The customers make payments into a cash-box, but can also just take the paper without paying. Payments are not monitored and highly anonymous; hence customers exhibit trustworthiness if they pay for the paper. We run a natural field experiment to identify motives behind payments. The experiment reveals that trustworthiness ...

The problem of keeping our cities and towns clean is far more complex and baffling than most of our citizens realize. Many of our city officials do not truly realize its magnitude: they are aware that so many street sweepers, truck drivers, and white wings are on the payroll; but without investigation they naturally assume that the best possible job is being done. Many of us have visited other ...

This paper examined the relationship of materialism, depression and compulsive buying among university students. Moreover, it aimed to see the role of demographic variables in the relationship between these variables. Material Value Scale (Richins & Dawson, 1992), Compulsive Buying Scale (O'Guinn & Faber, 1989) and the subscale of depression of DASS (Lovibond & Lovibond, 1995) were used to meas...

When designing a system, first define what you need to accomplish. Will the system need to both control and monitor? Which unique business processes do you want to integrate into the system, for example, a purchasing database or quality tracking database? Identifying the integral processes up front is important to properly architect the system. Choosing the right tools can help you build common...

This paper examines institutional trading in momentum portfolios. The key result is that institutions engage in momentum trading over the subsequent 3 quarters, buying winners and selling losers, in response to past returns but not past earnings news. Momentum trading is strengthened, however, when returns are accompanied by earnings news of the same sign. While past high returns predict future...

Group buying is seen as an effective form of electronic commerce. When buyers cooperate with each other, a seller can discount the price of a good. In existing group buying sites, each buyer’s preference may not be reflected effectively. We propose a decision support system for group buying based on buyers’ preferences. In our system, each buyer’s preference is reflected effectively by integrat...

, en young and indulgent wife presented me with a lpthday gift of a dozen woodcarving tools. On reflection, Perhaps it was the production of a primitive Spitfire from selected pieces of grandfather's firewood at the age of nine, which first stimulated my enthusiasm. Whatever he start my interest has grown over the years and continue to take pleasure from the combination of Craftmanship and arti...

In the recent years, banks have sold structured products such as Worst-of options, Everest and Himalayas, resulting in a short correlation exposure. They have hence become interested in offsetting part of this exposure, namely buying back correlation. Two ways have been proposed for such a strategy : either pure correlation swaps or dispersion trades, taking position in an index option and the ...

This paper analyzes the impact of large-scale, unconventional asset purchases by advanced country central banks on emerging market economies (EMEs) from 2008 to 2014. I show that there was substantial heterogeneity in the way these purchases affected EME currency, equity, and long-term sovereign bond markets. Drawing on the gravity-in-international-finance literature, I show that the degree of ...

terms of both its causes and its consequences. Chapter 3 discusses a variety of conditions that lead to a market for votes, including the availability of cost-efficient alternatives to vote buying. In this chapter, I explore a few of the political and institutional factors that can make vote buying a more or less attractive strategy for parties and candidates vis-à-vis some of these alternative...