Music,music videos,and wear out

Repeated exposure to a music video was found to forestall wear out relative to repetitive exposure to the music only. Susceptibility to wear out in the case of the music video was further reduced by eliminating the closure associated with the story told by the video. The level of positive cognitive responses was posited as a mediator to help explain the observed results. © 1993 John Wiley & Sons, Inc.     

The performance of reverse leveraged buyouts

Reverse leveraged buyouts (RLBOs) have received increased public scrutiny but attracted little systematic study. We collect a comprehensive sample of 526 RLBOs between 1981 and 2003 and examine the three-year and five-year stock performance of these offerings. RLBOs appear to perform as well as or better than other initial public offerings and the stock market as a whole, depending on the specification. Evidence exists of a deterioration of returns over time.     

An Educational Production Function for Principles of Economics

An educational production function is developed from the earlier models of Bloom, Hanushek, and Allison. Using two-stage least squares regression, the statistical analysis attempts to sort out the variables which are significant in explaining achievement and attitude in the first course in economics.     

Moral Repair in the Workplace: A Qualitative Investigation and Inductive Model

The topic of moral repair in the aftermath of breaches of trust and harmdoing has grown in importance within the past few years. In this paper, we present the results of a qualitative study that offers insight into a series of key issues related to offender efforts to repair interpersonal harm in the workplace: (1) What factors motivate offenders to make amends with those they have harmed? (2) In what ways do offenders attempt to make amends? (3) What outcomes emerge from attempts to make amends? Drawing from the findings, we build an inductive model intended to guide future business ethics and management inquiry and research in this area.     

Profit Without Copyright

An elite consensus appears to have formed around the strengthening of IPR regimes. At the same time, many people, particularly in developing countries, are questioning the idea of paying for what they intuitively sense might possibly be free. In view of the potential for global dissensus on this issue, businesses that produce and distribute explicit knowledge, or digital sequences, would be quite prudent to start making contingency plans for a new form of global capitalism: one characterised by much weaker IPR regimes. Competitive business strategies based upon rival-complementarity (i.e. physical goods and human services that complement digital products) indicate the feasibility of a global economy-of-things, resting upon a freely accessible ecology of knowledge. This might be built in the future, in much the same way that an industrial economy was built, historically, upon a natural ecology of available land and biosystems. Such an arrangement conforms to several rather fundamental political intuitions.     

Long memory and structural breaks in commodity futures markets

This study employs daily data for 14 commodities and three financial assets 1990–2009 to explore the impact of the time series properties of the futures‐spot basis and the cost of carry on forward market unbiasedness. The main result is that the basis of 16 assets exhibits both long memory and structural breaks. The long memory in the basis is robust even to the use of break‐adjusted data. It implies that the cost‐of‐carry has long memory which the empirical results confirm using the interest cost as a proxy. These new findings suggest that the forecast error has long memory and are inconsistent with unbiasedness. They could be consistent with a weaker version of market efficiency in the presence of a fractionally integrated, time‐varying risk premium but they could also be rationalized by priced noise trader risk with limits to arbitrage in less than fully efficient markets. © 2010 Wiley Periodicals, Inc. Jrl Fut Mark     

The Neoclassical Model Enriched by the Structure of Control:

A bstract Traditional neoclassical theory treats the economic sphere as if it can be detached from its surrounding social and political environment. It assumes connections between the social/political spheres and the economic sphere are weak, and no change of significance occurs in the social and political environment during the period considered Social and political conditions are treated as "given" and, more often than not, the conditions of this given environment are neither specified nor studied A broader economics is needed
The Virginia School has represented a connection between political control and distributive outcomes with its rent-seeking analysis The flaw in their argument, that exposes their ideological bent, is their failure to extend the analysis to the distributive impact of control in the social sphere. This piece is an attempt to make that extension, and to demonstrate that a specific historical case, women s experience in World War II , cannot be fully understood without bringing that social dimension into the analysis