The Long and Bumpy Road to Glass-Steagall Reform: A Historical and Evolutionary Analysis of Banking Legislation

This paper focuses on understanding the role of interest groups and markets in influencing regulatory change. To that end, it first identifies the interest groups surrounding the creation of legislation that separated commercial and investment banking in the 1930s and then identifies the interest groups involved in the more recent attempts to repeal the separation. Careful attention is also given to developments in the private market that affect the legislative process. This then becomes the case study for understanding how interest groups and market developments are able to influence regulatory policy. This particular case study finds that existing orthodox economic and political science literature gives too much credit to interest groups and not enough credit to private market developments when analyzing policy development and reform.     

Meaningful Measures: Indicators on Progress, Progress on Indicators

This article reviews the international debate on statistical indicators. It describes historical backgrounds, as well as the present chaotic situation. It discusses what statistical indicators are and what they are for, as well as criteria for the choice of indicators, designed to monitor the achievement of economic, social, demographic, environmental and other goals set by United Nations conferences. Some suggestions for future work are made.     

Multivariate stable ARMA processes with time dependent coefficients

This paper considers the class of m-variate autoregressive moving average (ARMA) processes with stable innovations and time dependent coefficients. A set of suitable AR and MA regularity conditions is given to ensure existence and uniqueness of valid solutions. A simple form of the above solution is expressed in terms of one sided Green's matrix functions associated with the AR operator. We solve the prediction problem arising in this class of models. A few examples are added to support the general theory.     

Tests based on φ-divergences for bivariate symmetry

In this paper we introduce a family of test statistics for testing symmetry based on φ-divergence families. These test statistics yield the likelihood ratio test and the Pearson test statistic as special cases. Asymptotic distribution for the new test statistics are derived under both the null and the alternative hypotheses. A simulation study is presented to see that some new test statistics offer an attractive alternative to the classical Pearson test statistic for the problem of symmetry. Received: May 2000     

Asymptotic properties of MLE and UMVUE in one-parameter truncated distributions

Consider one-parameter families of continuous distributions whose range depend on an unknown parameter. In case a single sufficient and complete statistic exists, we obtain the limiting distributions of MLE and UMVUE. Both distributions are different transformations of a standard exponential variable.     

Capitalization and Community Size

Studies often show taxes and public services capitalized into house prices, but no one has tested whether the rate of capitalization depends on community size. The theoretical model of W. H. Hoyt (1999, Regional Science and Urban Economics, 29, 155–171), predicts that capitalization occurs, but that the rate of capitalization is weaker in large communities. Hoyt's model is tested empirically using a house price hedonic framework. The tax capitalization results are less clear, but the school quality and crime results firmly support the model's predictions. Using both school districts and municipalities to measure communities, larger communities weaken the rate of capitalization.     

U-commerce: Expanding the universe of marketing

This article introduces several new concepts that lay the conceptual foundation for thinking about next-generation marketing based on ubiquitous networks. U-commerce, orüber-commerce, is predicated on the characteristics of network ubiquity, universality, uniqueness, and unison. It is proposed that the keys to managing network-driven firms are the concepts of u-space and attention analysis. The implications for next-generation marketing in the u-space are explored, with a research agenda identified for scholars and managerial implications recognized for practitioners. Richard T. Watson is the J. Rex Distinguished Chair for Internet Strategy and the director of the Center for Information Systems Leadership in the Terry College of Business, University of Georgia. He has published in leading journals in several fields as well as authored books on data management and electronic commerce and given invited seminars in nearly 20 countries. He is vice president of communications of AIS and recently finished a term as a senior editor ofMIS Quarterly. He is a visiting professor at Agder University College, Norway, and a consulting editor to John Wiley & Sons. Leyland F. Pitt is a professor of marketing in the School of Marketing, Curtin University of Technology, Perth, Australia. He is also adjunct professor of marketing at Kingston Business School, United Kingdom; the University of Lulea, Sweden; and the Ecole Nationale Ponts et Chaussees in Paris. He has also taught marketing and electronic commerce on M. B. A. and executive programs at schools such as Warwick Business School, London Business School, the Graduate School of Business at Columbia University, and the Graham School of Continuing Studies at the University of Chicago. Dr. Pitt is the author of more than 100 papers in scholarly journals, and his work has appeared in publications such asCalifornia Management Review, Sloan Management Review, Journal of the Academy of Marketing Science, Information Systems Research, Journal of Advertising Research, Communications of the ACM, andMIS Quarterly (for which he also served as associate editor). Pierre Berthon is an associate professor of marketing at Bentley College. He has held academic positions at Columbia University, Henley Management College, Cardiff University, and University of Bath. His teaching and research focus on electronic commerce, market information processing, organization and strategy, and management decision making. George M. Zinkhan is the Coca-Cola Company Chair of Marketing at the University of Georgia. After receiving his doctorate at the University of Michigan, he served on the faculty at both the University of Houston and the University of Pittsburgh. His main research focus is on the areas of communication, advertising, and electronic commerce. His recent coauthored books includeElectronic Commerce: A Strategic Perspective (2000) andConsumers (2002).     

Survival strategies in the era of managed care

The era of managed care has forced an unprecedented restructuring of the health care environment. As hospitals downsize in response, materiel managers should consider adopting strategies that may help ensure their survival, including innovative approaches to supply management and the development of individual responses that will best position them to succeed in this new reality.     

Materiel management reengineering: value creation through innovation

By reengineering their department's core processes, materiel managers can expand their role in the health care setting while realizing significant cost savings. Using a team model, Inova Health System materiel management staff integrated their processes for vendor selection, purchasing, inventory reduction, and utilization across three hospitals and ancillary services. An integrated approach at all levels of the organization gained buy-in from administrators and staff systemwide.