Rent Sharing and the Compensation of Head Coaches in Power Five College Football

The monopoly and monopsony power of intercollegiate sports create significant rents, but previous studies of intercollegiate football coaches’ salaries implicitly assume that coaches are paid their marginal revenue products. In a two-stage estimation, we show that coaches share in these rents. The first stage shows that several common measures of coaches’ productivity do not affect an athletic department’s variable revenue. When we include these measures in the second-stage salary equation, their impact on pay reflects bargaining power, not productivity. We also find that several measures of fixed revenue, which are independent of the coach’s performance, increase the coach’s pay.     

The Evolution of Health Insurer Costs in Massachusetts, 2010–2012

We analyze the evolution of health insurer costs in Massachusetts between 2010 and 2012, paying particular attention to changes in the composition of enrollees. This was a period in which Health Maintenance Organizations (HMOs) increasingly used physician cost control incentives but Preferred Provider Organizations (PPOs) did not. We show that cost growth and its components cannot be understood without accounting for (1) consumers’ switching between plans, and (2) differences in cost characteristics between new entrants and those leaving the market. New entrants are markedly less costly than those leaving (and their costs fall after their entering year), so cost growth of continuing enrollees in a plan is significantly higher than average per-member cost growth. Relatively high-cost HMO members switch to PPOs while low-cost PPO members switch to HMOs, so the impact of cost control incentives on HMO costs is likely different from their impact on market-wide insurer costs.     

Eine soziologische Systemanalyse und sozio-ökonomisches Review der Soziotechnik Energiewende

The transition of the energy supply system in Germany from fossil-nuclear energy resources to renewable energies is a policy issue and defines a society technics. Society technics takes responsibility for an essential societal need and should be based on an agreement between all actors in all involved systems. According to a society-technics there are benefits for encouraging research, good governance for political support, public understanding of science (PUSH), and academic consultation for politics.Positive implementation will results in optimal coordination as all systems will function and all actors will work for synergy-effects. But a sociological system analyses works out many “dyssynergies”, handling the transition only as technological challenges and failing in underlying this transformation as a socio-technical system. Using renewable energies will not only change the technological system architecture but also modifying social systems and individual attitudes.     

Smart Meter-Angebote: Eine empirische Untersuchung von Kundenpräferenzen

The implementation of smart meters in German households by 2032 is a major step in the transition towards an intelligent and connected energy system. Despite of federal legislation providing a structured plan for the nationwide smart meter rollout including basic product requirements, actors within the energy market have the opportunity to take an active part in shaping the market through appealing product offers and hence to create competitive advantage. This study identifies relevant features of smart meters from literature und business practice, and measures customer’s preferences for these features. Results indicate predominantly positive customer evaluations of smart meter features, amongst which the availability of consumption data, the installation price and rental charges as well as time variable tariffs contribute most to overall utility of smart meters. Finally, findings suggest targeting customers by defining strategies to address privacy concerns, to educate about saving potentials as well as to create differentiated pricing schemes.     

Do Court Decisions Drive the Federal Trade Commission’s Enforcement Policy on Merger Settlements?

Mergers are generally conglomerate in nature with only minor (if any) horizontal overlaps. Under U.S. law, an enforcement agency may challenge any anticompetitive aspect of the merger and the consequent delay associated with litigation would impose costs on the firm. These costs may give the enforcement agency “leverage” to extract a settlement even when the firm would prevail in court. This paper explores whether the FTC’s decisions to challenge transactions approximate the case law. We find that the representative enforcement regimes of the FTC and the courts are remarkably similar, although the FTC credits efficiencies, while courts consider buyer sophistication as a mitigating factor.     

An Anticompetitive Effect of Eliminating Transport Barriers in Network Markets

This paper examines the welfare effects of physically interconnecting two (network) markets that were previously separated. In each market a different set of capacity-constrained firms operate. Firms engage in a supergame and collude whenever it is rational for them to do so.We find that, under certain parametric restrictions, interconnection of the two markets reduces total welfare. The collusive horizon may extend from a single market to the overall integrated market. In such case, interconnection can be viewed as “exporting” collusion, rather than competition.      

Team learning: The missing construct from a cross-cultural examination of higher education

Team learning should be an important construct in organizational management research because team learning can enhance organizational learning and overall performance. However, there is limited understanding of how team learning works in different cultural contexts. Using an international comparative research approach, we developed a framework of antecedents and outcomes in the higher education context and tested it with samples from the UK and Vietnam. The results show that a common framework is applicable in the two different contexts, subject to slight modifications. However, this study does not find that team learning (measured via the proxy of “attitude towards team learning”) exhibits any statistically significant relationship as a predictor of the proposed outcomes. Other findings from this study on educational contexts are important not only to scholars in this field, but also for practicing managers, particularly those who study and operate in the extensive global market.     

Markttransparenz im CO<Subscript>2</Subscript>-Emissionshandel und Risikomanagement von Stromerzeugern

This paper analyses the effects of recent regulatory measures, namely the Regulation on wholesale Energy Market Integrity and Transparency enacted by the European Parliament and the Market Transparency Authority Act, that aim to increase transparency in CO₂ emissions trading on an utility maximizing electricity producer. Taking the particular characteristics of electricity into account, we analyze optimal composition of power generation and optimal risk policy. Our results have implications for the regulation of electricity producers with regard goals concerning environmental policy and supply reliability.     

Distribution of run statistics in partially exchangeable processes

Let { X_i} _{i 3 1}{{ X_{i}} _{igeq 1}} be an infinite sequence of recurrent partially exchangeable binary random variables. We study the exact distributions of two run statistics (total number of success runs and the longest success run) in { X_i} _{i 3 1}{{ X_{i}} _{igeq1}} . Since a flexible class of models for binary sequences can be obtained using the concept of partial exchangeability, as a special case of our results one can obtain the distribution of runs in ordinary Markov chains, exchangeable and independent sequences. The results also enable us to study the distribution of runs in particular urn models.     

Noncentral bimatrix variate generalised beta distributions

In this paper, we determine the density functions of nonsymmetrised doubly noncentral matrix variate beta type I and II distributions. The nonsymmetrised density functions of doubly noncentral and noncentral bimatrix variate generalised beta type I and II distributions are also obtained.