Understanding Parental Beliefs and Attitudes about Children's Sexual Behavior: Insights from Parental Style

Parental style theory is used to explore how parents differ with regard to parental roles, attitudes, and perceptions about the consequences of teens engaging in sex. Findings from a survey of 150 parents indicate that parental style influences parents’ attitudes and beliefs concerning teen sex. Also, since parents do not have confidence about conveying sex‐related information to children, an opportunity may exist for empowering parents on how to discuss these topics with them. Such empowerment may be accomplished by provision of information to parents through health organizations and the government on how to engage in such conversations with children.     

Demographic Discontinuity: Another Explanation for Consumerism?

This supplemental explanation for consumerism focuses on how unique demographics may have contributed to the movement. Prior movements may not have achieved the scale or magnitude of the most recent movement because they did not occur after a period of rapid population growth. The latter is speculated to be part of the societal structural strains that contributed, not only to the consumerism movement, but also to the social discontent of the 1960s and 1970s.     

The pastoral boom,the rural land market,and long swings in New Zealand economic growth, 1873–19391

Higher farm and manufacturing productivity associated with refrigerated exports led to New Zealand's attainment of the world's highest Human Development Index in 1913. Local responses to export opportunities increased the social depth of land ownership and fostered intensive growth. Closer settlement meant that land‐related income gains spread widely, but land market volatility also created instability. New Zealand had the world's highest GDP per capita in 1938, but it experienced long swings in its growth rates. Dramatic swings in rural land market activity engendered by the pastoral boom contributed greatly to a long depression in the 1920s; subsequently a new monetary regime facilitated fast recovery.     

DESIGNING POLLUTION MARKET INSTRUMENTS: CASES OF UNCERTAINTY

This paper examines design alternatives for emissions trading credits and assesses their relative performance given several sources of uncertainty endemic to market-based environmental regulatory programs. Facilities regulated in such programs face significant uncertainty about their total emissions. Uncertainty arises due to changes in production-demand schedules for their product, imperfect knowledge of abatement efficiency, and other informational lags. Depending on the design of the trading credit, this uncertainty can result in significant market price volatility and undesirable increases in peak emissions (in the absence of additional costly market institutions, such as contingent contracts and brokered insurance). In addition to the design alternatives, the paper considers allocation alternatives to alleviate these unintended effects and also discusses the value of properly designed reconciliation markets .     

Equilibrium Exhaustible Resource Price Dynamics

We develop equilibrium models of exhaustible resource markets with endogenous extraction choices and prices. Our analysis demonstrates how adjustment costs can generate oil and gas forward price dynamics with two factors, consistent with the behavior these commodities exhibit in the Schwartz and Smith (2000) calibration. Our two‐factor model predicts that stochastic volatility will arise in these markets as a natural consequence of production adjustments, however, and we provide supporting empirical evidence. Differences between endogenous price processes from our general equilibrium model and exogenous processes in earlier papers can generate significant differences in both financial and real option values.     

Family Communication Patterns and Marketplace Motivations,Attitudes, and Behaviors of Children and Mothers

This study examined the relation between family communication patterns (FCP) and mothers' marketplace motivations, attitudes, and behaviors (MAB). Adolescents' prediction accuracy of mothers' consumption motivations was also investigated. Results indicate mothers' materialistic and shopping tendencies, advertising attitudes, information use, and consumption motivations are linked to FCP. Adolescents' predictions of mothers' consumption motivations coincided with mothers' self-reported motivations. The findings suggest that FCP may play a role in the acquisition of marketplace MAB.     

Credit Availability and the Collapse of the Banking Sector in the 1930s

This paper examines the mechanism through which banking sector distress affects the availability of credit using the experience of the United States during the Great Depression. We utilize previously neglected data from a 1934 survey conducted by the Federal Reserve System of both banks and Chambers of Commerce regarding the availability of credit, and examine which aspects of the banking system collapse affected credit availability as indicated by the survey. We find that bank failures had the most dominant impact, but there is also some evidence for the importance of funding constraints from deposit outflows and of protracted bank liquidation.