ITQ Systems in Multifleet Fisheries

Optimum management of a particular fishery is analyzed based on an ITQ system. For this purpose, a multifleet deterministic bioeconomic model is developed and applied. Using data on the fishery studied here, estimates are made of the stock dynamics of fish and the technology used by the fleets operating in said fishery. Optimum levels of stock, effort and catch are determined. Finally, we present economic policy recommendations for this fishery and considerations for applying regulatory measures.     

现代各种不同的维修管理(续)

4．Campbell（1998）也构建了一个维修管理结构,如图2所示,维修管理方法,对每项资产必须从制订o fan战略开始,并允分地与业务计划相结合同时,初期与HR有关的各方面都很重要,并要求在化方面产生变化一其次,在整个寿命周期内,企业应该能控制增益和保证资产的生产率、这可以通过实施CMMS,维修功能测定系统,规划和计划各项维修活动等来做到。这可以按照不同的策略,根据这些资产对企业贡献的大小和风险程度来完成：在这些策略中,Campbell提出包括下列各项内容：①运行到失效为止;②增加备份装置;③按计划更换;④按计划大修理;⑤针对某一问题而进行的专项维修（ad hocmaintenance）;⑥预防维修（按使用年数或使用情况）;⑦状态维修（CBM）;⑧重新设计、     

Cultural boundaries of self-justification and prospect theories in escalation of commitment: a US–Mexico comparison

The interplay among managers' cultural origin (i.e. Mexican vs. the USA), decision context and framing was investigated to test the cultural boundaries of self-justification and prospect theories in escalation of commitment. An experimental design indicated that, although a negative decision frame had a greater impact on escalation of commitment among Mexican managers, a positive frame had a greater impact on escalation of commitment among American managers. Moreover, a pattern indicating that framing had an opposite effect in each country emerged when the decision context was negative. Specifically, when the incoming information is positive, US decision-makers escalate their commitment to a failing course of action, whereas it is negative incoming information that leads to escalation for Mexican decision-makers.     

Confirmatory factor analysis with missing data in a small sample: cognitive reserve in people with Down Syndrome

Quality & Quantity - The presence of missing data and small sample sizes are very common in social and health sciences. Concurrently to present a methodology to solve the small sample size and...     

CEO performance-based grants’ vesting provisions and debt contracts: Evidence from GAAP,Non-GAAP and KPI metrics

We examine the influence of CEOs’ equity and cash grants’ vesting provisions that are based on (i) accounting performance metrics prepared under US generally accepted principles (GAAP), (ii) non-GAAP performance metrics and (iii) key performance indicators (KPIs) on debt contracts. We find that grants with vesting provisions based on GAAP metrics and KPIs lead to a lower cost of debt, a lower likelihood of collateral requirements and less restrictive covenant terms. In contrast, performance-based grants with non-GAAP vesting provisions lead to a higher cost of debt, a higher likelihood of collateral requirements and more restrictive covenant terms. Supplementary analyses reveal that our results are incremental to other debtholder-friendly features in the CEO contracts, such as grants with debt-related performance measures and CEOs’ inside debt holdings, and robust to alternative variable definitions and specifications. Overall, our results suggest that debtholders understand the differing incentives associated with GAAP, non-GAAP and KPI-based performance measures, and incorporate these differences into debt contracts.     

Culture As A Moderator Of The Relationship Between Service Quality And The Tourist'S Satisfaction With Different Distribution Channels

The present research analyzes the influence of culture on the relationship between each of the dimensions of service quality and tourists' satisfaction with the distribution channel, differentiating between travel agencies and the Internet. More specifically, the research seeks to understand the influence of the cultural dimensions of uncertainty avoidance and individualism/collectivism on the relationship between each of the dimensions of service quality and satisfaction, depending on the medium through which the service is purchased. The sample was made up of 600 tourists. Of these, 300 tourists (150 Spanish and 150 English) had purchased hotel accommodation for their last holiday via a travel agency, and the other 300 (150 Spanish and 150 English) had purchased hotel accommodation for their last holiday via the Internet. The findings indicate that there are variations in the relationships between each of the dimensions of service quality and satisfaction, and that these variations are shaped by the cultural dimensions of uncertainty avoidance and individualism/collectivism.     

Rural Chile Transformed: Lights and Shadows

Rural society in Chile has undergone profound change over the past few decades. For centuries, large haciendas had dominated Chile's Central Valley. The agrarian reforms carried out by Frei and Allende – and to a greater extent the counter‐reform of Pinochet – transformed that property structure with its generalized system of agricultural production for the domestic market. Recently, there has been a marked shift in emphasis towards specialization, exports and off‐farm agricultural resources. A seasonal labour market has arisen, employing predominantly female workers, whose precarious work conditions stand in marked contrast to the success of Chilean agricultural exports. This paper reviews the main trends in Chilean agriculture and rural society, drawing on data gathered principally in Colchagua Province, which is known for its fine export wines.     

On Terms of Trade and Capital Accumulation

This paper studies, within an OLG general equilibrium framework, the role of relative factor intensities in determining the relationship between the terms of trade and the capital stock. It shows that a diversified production equilibrium can be characterized by a positive association between these two variables if the investment sector is more labor-intensive and sector technologies are relatively dissimilar. Therefore, capital accumulation and terms-of-trade improvements do not require an import sector growing faster than the export sector when the latter is more capital-intensive. Large Stolper–Samuelson effects on factor incomes drive the results.     

Trade in final goods and the impact of innovation

We propose a method for estimating the slope parameter in an interactive effects panel data model with endogenous loadings and factors, and endogenous regressors.