The Effects of Idealized Advertising Imagery on Social Comparisons,Psychological and Emotional Outcomes,and Consumer Vulnerability: A Conceptual Model

This article integrates marketing and social psychology theories and findings into a conceptual model that describes the conditions for which idealized advertising images induce positive (or negative) consumer outcomes. Extending Bessenoff's moderated mediation model, the authors propose that: (1) effect of social comparison on the relationship between exposure to idealized advertising images and psychological/emotional outcomes will be moderated by internalization of ideals and self-discrepancy; (2) effect of psychological/emotional outcomes on the relationship between social comparison and consumer vulnerability will be moderated by attainability of ideals; and (3) product claims should moderate the relationship between psychological and emotional outcomes and consumer vulnerability.     

The direct medical costs of Huntington’s disease by stage. A retrospective commercial and Medicaid claims data analysis

Abstract

Objective:

This study quantified the direct healthcare costs and major cost drivers among patients with Huntington’s disease (HD), by disease stage in commercial and Medicaid databases.

Methods:

This retrospective database analysis used healthcare utilization/cost data for HD patients (ICD-9-CM 333.4) from Thomson Reuters’ MarketScan Commercial and Medicaid 2002–2009 databases. Patients were classified by disease stage (Early/Middle/Late) by a hierarchical assessment of markers of disease severity, confirmed by literature review and key opinion leader input. Costs were measured over the follow-up time of each patient with total costs per patient per stage annualized using a patient-year cost approach.

Results:

Among 1272 HD patients, the mean age was similar in commercial (752 patients) and Medicaid (520 patients) populations (48.5 years (SD?=?13.3) and 49.3 years (SD?=?17.2), respectively). Commercial patients were evenly distributed by stage (30.5%/35.5%/34.0%; Early/Middle/Late). However, most (74.0%) Medicaid HD patients were classified as Late stage. The mean total annualized cost per patient increased by stage (commercial: $4947 (SD?=?$6040)–$22,582 (SD?=?$39,028); Medicaid: $3257 (SD?=?$5670)–$37,495 (SD?=?$27,111). Outpatient costs were the primary healthcare cost component. The vast majority (73.8%) of Medicaid Late stage patients received nursing home care and the majority (54.6%) of Medicaid Late stage costs were associated with nursing home care. In comparison, only 40.6% of commercial Late stage patients received nursing home care, which contributed to only 4.6% of commercial Late stage costs.

Conclusions:

The annual direct economic burden of HD is substantial and increased with disease progression. More late stage Medicaid HD patients were in nursing homes and for a longer time than their commercial counterparts, reflected by their higher costs (suggesting greater disease severity). Key limitations include the classification of patients into a single stage, as well as a lack of visibility into full long-term care/nursing home-related costs for commercial patients.     

浅谈我国施工索赔的起因及归责

本文主要介绍建筑工程施工索赔的起因及归责的一些实际经验,对施工索赔的起因及归责起一定参考作用。     

Pricing by Arbitrage Under Arbitrary Information

A substantial applications literature on pricing by arbitrage has effectively restricted information to that arising solely from securities markets; return distributions are then governed solely by past prices. We reconsider pricing by arbitrage in markets rendered incomplete by arbitrary information, which, moreover, may influence required returns. We show that contingent claims depending solely on securities' normalized price histories are priced by arbitrage if and only if all risk-adjusted probabilities agree upon the law of primitive securities' normalized prices. We show how existing diffusion-based results can be preserved, and resolve an issue relating to Merton's (1973) stochastic interest rate model.     

De skandinaviske Aktuarforeningers Virksomhed i 1925

Abstract

Statistical extreme value theory provides a flexible and theoretically well motivated approach to the study of large losses in insurance. We give a brief review of the modem version of this theory and a “step by step” example of how to use it in large claims insurance. The discussion is based on a detailed investigation of a wind storm insurance problem. New results include a simulation study of estimators in the peaks over thresholds method with Generalised Pareto excesses, a discussion of Pareto and lognormal modelling and of methods to detect trends. Further results concern the use of meteorological information in the wind storm insurance and, of course, the results of the study of the wind storm claims.     

产权、所有权安排与融资偏好

成熟市场的企业,由于技术和信息不对称方面的原因,更偏好于债权融资,而不是股权融资.在中国资本市场存在严重信息不对称的情况下,我国企业仍十分偏好于股权融资.这种选择基本上是经营者基于保持控制权的自利性考虑.其根源在于国有产权主体的抽象化、由此导致的失控的所有权安排、股权投资主体控制权的丧失以及债权投资主体拥有的状态依存控制权的威慑.     

解析或有要求权估价法

或有要求权估法与传统的折现现金流估价法、比率估价法构成了目前投资估价方法的主流。或有要求权估价法通常用于对公司融资和投资的定价，包括一些融资工具的定价(如股票、债券、认股权证、一些具有选择权的债券)、公司战略管理和投资决策中的不确定性(灵活性)的定价等。     

A Study of Mutual Insurance for Bank Deposits

This article displays a study on the mutual insurance of bank deposits. A system where deposits are first insured by a consortium then by the Government is envisaged. We wish to compute the fair premia due to both the consortium and the Government. Various types of covenants aiming at making banks reduce their risks are detailed. These provisions can be, as is the case in Chapter 11, of a Parisian type. This means that surveillance is based on the path followed by the assets or the leverage. We compare these various types of covenants and conclude on the proposal for new regulatory provisions. JEL Classification No: G13, G21