Health-related quality of life and compensating income variation for 18 health conditions in Iceland

ABSTRACT

Using data from an Icelandic health and well-being survey, carried out in 2007, 2009, and 2012, we estimate the value of health-related suffering in two different ways. Our primary aim is to obtain the monetary compensation needed to maintain the same level of well-being with and without 18 health conditions using the compensating-income-variation approach. This method employs individual well-being measures with no hypothetical situations involved, thus offering a solution to biases of frequently used methods to value non-marketed goods. We also use zero-one normalization of regression coefficients to estimate health-related quality-of-life weights. Results from monetary valuations indicate that 1,685,594 USD are needed per year to compensate for the presence of melancholy, 206,273 USD for frequent headaches, 153,396 USD for severely low vision, and 80,824 USD for severe monthly menstrual cramps. This research adds to the literature by employing two rarely used methods to a range of health conditions. By valuing several different conditions with the same sample and methodology this research provides a ranking between the conditions, aiding policy makers in prioritizing scarce resources. We do however advise against using the normalization method for policy purposes at this point, due to the deviation of results from the general literature.     

Customer experience in omni-channel banking services

The banking industry is experiencing rapid and widespread changes due to advances in technology that go hand-in-hand with the customer demands for real-time, personalized and seamless banking experience. Along with this development, omni-channel orientation is becoming an inherent feature of banking services. However, its role has not yet been thoroughly understood, specifically in this context. The purpose of this study is to create in-depth understanding of how do customers experience omni-banking services and what are the key factors related to their experiences. We identify both actual critical events and imaginings, positive and negative that are related to the forming of customer experiences and suggest both theoretical and managerial implications based on the results.     

Hygienic quality of cleaning cloths used in professional cleaning of private domestic homes

The objective of this laboratory study was to obtain general background information concerning professional cleaning in private domestic homes. The specific aim was to examine the effect of storage and washing of dirty cloths on their hygienic status. The effect of storage on the number of Staphylococcus aureus bacteria in cleaning cloths was examined using current or potential materials for professional cleaning in private homes. The bacterial content increased in microfibre cloths in some cases during a normal working day (8 h storage), and more clearly after 16 h or 48 h of storage. Disposable fibre cloths did not promote the growth of microbes as well as microfibre cloths. The effect of detergents on the hygienic status of cleaning cloths was unclear: some cleaning agents appeared to enhance the growth of bacteria, while others did not. In many cases, organic substances, i.e. protein added to the cloths, enhanced the growth of microbes. Washing of microfibre cloths at 60°C reduced the numbers of bacteria on the cloths but did not remove them entirely. Storage of dirty cloths before washing will probably cause difficulties in the proper washing of the cloths, and thus negatively affect their capacity for hygienic results in cleaning surfaces, as well as presenting a risk to the safety of the worker. Cleaning cloths should be washed as soon as possible after use: washing after each working day, at the latest, is recommended. Furthermore, cleaning cloths should be selected for professional use to allow washing at hot temperatures. The findings of this study could be used for training in professional home cleaning. They also provide valuable information for other branches of cleaning, including consumer use in households.     

On-line spectrum auctions in TV white spaces for supporting mobile services—A practical manual

This paper considers an approach for dynamic short-term spectrum leasing in TV white spaces (TVWS) using an on-line auction. The secondary spectrum market discussed here is organized by a central entity called the spectrum broker. The auctioned spectrum appears in blocks of available DVB-T channels with some transmit power constraints set-up to protect the primary users (DVB-T receivers). The bidders are institutional spectrum operators (telecommunication companies or service providers), operating in a given area. These players are characterized by heterogeneous demands concerning the spectrum bandwidth, the operation period with temporarily-exclusive rights for using the spectrum and the transmit power needed for successful transmission. Thus, the auctioned objects are non-identical and present different value for different players. Two auction models are proposed. The first one is the simultaneous auction in time domain and combinatorial in frequency and power dimension. The second proposed auction is fully combinatorial. Simulations results are also provided showing effectiveness of the analyzed auctions (high spectrum utilization ratio) and relation between the players’ satisfaction, their spectrum valuation and varying competition. Finally the guidelines concerning the spectrum auctions in TVWS for the policy makers are proposed.     

Sustainable Branding — mehr als ein neues Schlagwort?!

In der Markenführung l?sst sich derzeitig ein bemerkenswerter Trend zur Nachhaltigkeit beobachten. Im Mittelpunkt der Diskussion stehen Fragen, inwiefern Nachhaltigkeitsaspekte in der Marke verankert werden sollten und ob Sustainable Branding mehr als ein neues Schlagwort darstellt. Nachhaltigkeit war Prof. Dr. Dr. Helmut Sihler als ehemaligem Vorstandsvorsitzenden von Henkel immer ein besonderes Anliegen. Dieser Beitrag sei ihm daher aus Anlass seines 80. Geburtstages gewidmet.     

Who Is the Loser When I Lose the Game? Does Losing an Advergame Have a Negative Impact on the Perception of the Brand?

Many computer games are based on the principle of competition, making the outcome of the game, namely, the prospect of victory and the threat of defeat, a key element. A lab experiment was conducted to study the effects of a game's outcome on the player's mood, brand attitude, and game attitude as well as the experience of flow (N = 95; between-subject design: game lost versus game won versus no induction of the game outcome). The results show that although winners are not in a better mood after the game, they rate the game as better and assess the brands advertised more positively than before they played the game. They have an increased likelihood of experiencing flow, whereas no significant effects of losing the game could be detected due to the total mediation of the flow experience in the case of the losing condition.     

Horse riding posing challenges to the Swedish Right of Public Access

Increasing numbers of horses are being kept for sports and leisure purposes in peri-urban areas throughout the Western world. This expansion of the equestrian sector represents a multifunctional transition, with new production of rural goods and services and increasing influence on land use.In Sweden, the number of horses has increased from 70,000 to approximately 300,000 over the last 30 years. This increase is putting pressure on the traditional Right of Public Access, an old custom allowing the public to walk, cycle or ride on private or state-owned property.This paper analyses multifunctional land use in peri-urban areas in order to provide a deeper understanding of the potential conflicts arising due to the expanding equine sector and to assess how these can affect the Swedish right of public access and spatial planning.A survey of horse riders and landowners in three peri-urban regions of Sweden revealed that these groups differ in their attitudes towards the Right of Public Access. The data also showed that the expanding equine sector is generating new demands on rural areas and there are questions regarding how the current system of open accessibility can meet the increasing market for equestrian leisure activities. The main conclusion is that there seems to be a strong need for intervention and deliberate creation of new ways of handling the accessibility question, where both a bottom-up and top-down approach may be useful.     

An integration of the livelihoods and asset-based community development approaches: A South African case study

This study provides an integrated framework and practice model of the sustainable livelihoods (SL) and the asset-based community development (ABCD) approaches. A household survey of a rural village in South Africa is used as a basis of analysis to demonstrate the application of the integrated approach. The results elucidate the vulnerability of the people and a range of inter-locking and multi-dimensional factors contributing to poverty in the community. The results also show people's assets, capabilities and activities which enable them to cope and survive despite constraints and shortcomings. It was found that the integrated SL/ABCD framework is a useful framework to understand the strengths of a vulnerable community in order to plan and implement sustainable community development strategies.     

A deep learning model for gas storage optimization

Decisions in Economics and Finance - To the best of our knowledge, the application of deep learning in the field of quantitative risk management is still a relatively recent phenomenon. In this...