scholarly journals On the Rationale for Repeated U.S. Consumer Bankruptcy Filings

2020 ◽  
Vol 2 (12, 20) ◽  
Author(s):  
Daniel Friesner ◽  
◽  
Matthew Q. McPherson ◽  
Donald D. Hackney ◽  
◽  
...  
Keyword(s):  
Consumer Behavior ◽  
Theoretical Model ◽  
Conspicuous Consumption ◽  
Hyperbolic Discounting ◽  
Consumption Patterns ◽  
Consumer Bankruptcy ◽  
First Time

A theoretical model of U.S. consumer behavior is developed which allows the consumer to file for bankruptcy protection at different points, and on multiple occasions, over her lifespan. The model allows for conspicuous consumption, hyperbolic discounting, and random budget shocks. Findings suggest that individuals who file for bankruptcy protection multiple times may be better or worse off than those who file only once. However, repeat filers present with much more skewed consumption patterns, and evidence of much higher overspending at the time of filing, than individuals who have never filed for bankruptcy or who file for the first time. Keywords: consumer bankruptcy, financial epidemiology, conspicuous consumption

Loyalty program in Africa: risk-seeking and risk-averse adventurers

2014 ◽  
Vol 69 (2) ◽  
pp. 137-157 ◽  
Author(s):  
Shogo Mlozi
Keyword(s):  
Consumer Behavior ◽  
Consumer Products ◽  
Loyalty Programs ◽  
Risk Averse ◽  
Loyalty Program ◽  
Content Type ◽  
Risk Seeking ◽  
Proposed Model ◽  
First Time ◽  
The Relationship

Purpose – This article aims to test the relationship between expected attractiveness-satisfaction-loyalty for international adventure tourists visiting Tanzania. The proposed model is based on travel consumer behavior theoretical constructs extracted from the literature. Design/methodology/approach – This article aims to test the relationship between expected attractiveness-satisfaction-loyalty for international adventure tourists visiting Tanzania. The proposed model is based on travel consumer behavior theoretical constructs extracted from the literature. Findings – The findings for overall model differed from the moderating factors of high risk, low risk, first-time visit and repeat visit. Also, the results are interesting when satisfaction is tested as a mediator. Practical implications – Practitioners could consider the fact that repeat visits may change tourists’ perceptions toward destination and may even increase their inclination to take on risks. This may impact innovation of consumer products in tourism. Also, policy makers could benefit on how loyalty programs can be developed to increase performance. Originality/value – The study offers specific strategic recommendations toward different groups of tourists (i.e. first-time, repeat visitors, risk averse, risk seeking) and proposes logic for setting up a loyalty program as a long-term strategy for success.

Measurements and Modelling of Ingress in a New 1.5-Stage Turbine Research Facility

2016 ◽  
Author(s):  
Marios Patinios ◽  
James A. Scobie ◽  
Carl M. Sangan ◽  
J. Michael Owen ◽  
Gary D. Lock
Keyword(s):  
Theoretical Model ◽  
Gas Turbines ◽  
Test Facility ◽  
Radial Clearance ◽  
Operating Life ◽  
The Core ◽  
Wide Range ◽  
Purge Flow ◽  
Engine Components ◽  
First Time

In gas turbines, hot mainstream flow can be ingested into the wheel-space formed between stator and rotor discs as a result of the circumferential pressure asymmetry in the annulus; this ingress can significantly affect the operating life, performance and integrity of highly-stressed, vulnerable engine components. Rim seals, fitted at the periphery of the discs, are used to minimise ingress and therefore reduce the amount of purge flow required to seal the wheel-space and cool the discs. This paper presents experimental results from a new 1.5-stage test facility designed to investigate ingress into the wheel-spaces upstream and downstream of a rotor disc. The fluid-dynamically-scaled rig operates at incompressible flow conditions, far removed from the harsh environment of the engine which is not conducive to experimental measurements. The test facility features interchangeable rim-seal components, offering significant flexibility and expediency in terms of data collection over a wide range of sealing-flow rates. The rig was specifically designed to enable an efficient method of ranking and quantifying the performance of generic and engine-specific seal geometries. The radial variation of CO2 gas concentration, pressure and swirl is measured to explore, for the first time, the flow structure in both the upstream and downstream wheel-spaces. The measurements show that the concentration in the core is equal to that on the stator walls and that both distributions are virtually invariant with radius. These measurements confirm that mixing between ingress and egress is essentially complete immediately after the ingested fluid enters the wheel-space and that the fluid from the boundary-layer on the stator is the source of that in the core. The swirl in the core is shown to determine the radial distribution of pressure in the wheel-space. The performance of a double radial-clearance seal is evaluated in terms of the variation of effectiveness with sealing flow rate for both the upstream and the downstream wheel-spaces and is found to be independent of rotational Reynolds number. A simple theoretical orifice model was fitted to the experimental data showing good agreement between theory and experiment for all cases. This observation is of great significance as it demonstrates that the theoretical model can accurately predict ingress even when it is driven by the complex unsteady pressure field in the annulus upstream and downstream of the rotor. The combination of the theoretical model and the new test rig with its flexibility and capability for detailed measurements provides a powerful tool for the engine rim-seal designer.

Comparing conspicuous consumption across different experiential products: Culture and leisure

2018 ◽  
Vol 61 (4) ◽  
pp. 430-446 ◽  
Author(s):  
Fred Bronner ◽  
Robert de Hoog
Keyword(s):  
Consumer Behavior ◽  
Performing Arts ◽  
Classical Music ◽  
Conspicuous Consumption ◽  
Minor Importance ◽  
Cultural Events ◽  
Different Types ◽  
Social Visibility ◽  
Experiential Purchases ◽  
Cultural Marketing

Consumer behavior recently underwent three main developments: a shift from material purchases to immaterial experiences, a shift from signaling status and wealth by means of consumer behavior to signaling identity, and increased social visibility due to the growing importance of social media. These trends did arouse a renewed interest in the concept of conspicuous consumption in the area of experiential purchases. Seven different types of experiential purchases are compared as regards the role of conspicuous consumption: the main summer holiday and participation in six different types of cultural events. In the culture study, the same measurement tools were used as in the leisure study. It was found that conspicuous consumption plays a role in these types of purchases. This holds true for status demonstration as well as for identity demonstration. However, there are substantial differences between the different types of cultural events. Conspicuous consumption is important to those who attend festivals, classical music concerts, and pop concerts and is of minor importance as regards going to movies. Based on these findings, we propose a tentative theory about the relationship between conspicuous consumption and type of experiential purchase. Practical implications for marketing are sketched out. In cultural marketing for museums, the performing arts, and cinema, attention should be paid not only to the quality of the event for the self-experience, but also to its status and identity-signaling potential to relevant others.

Line-of-sight rate modeling and error analysis of inertial stabilized platforms by coordinate transformation

2017 ◽  
Vol 233 (4) ◽  
pp. 1317-1322 ◽  
Author(s):  
Qingjia Gao ◽  
Qiang Sun ◽  
Feng Qu ◽  
Jiang Wang ◽  
Xizhen Han ◽  
...  
Keyword(s):  
Theoretical Model ◽  
Target Tracking ◽  
Coordinate Transformation ◽  
Servo Control ◽  
Line Of Sight ◽  
Measurement Equations ◽  
Stabilized Platform ◽  
First Time ◽  
Guidance Laws ◽  
Key Parameter

Line-of-sight rate is the key parameter that enables inertial stabilized platforms to implement guidance laws successfully for target tracking or attacking. It is always obtained by experiments. In this article, a theoretical model of the line-of-sight rate is established for the first time, starting with the gimbal motion. The strategy to acquire line-of-sight rate is based on the servo control circuit. The measurement equations for line-of-sight rate are derived using a coordinate transformation. An error model is then obtained with the help of differentiation. The error of an inertial stabilized platform prototype is measured, showing that the line-of-sight rate error can be predicted accurately. Finally, a high-precision inertial stabilized platform is successfully designed and analyzed, with the accuracy of 0.06°/s and 0.37°/s when line-of-sight rates are set to 1.5°/s and 9°/s, respectively.

scholarly journals Detection Probability Analysis of True Random Coding Photon Counting Lidar

Photonics ◽  
2021 ◽  
Vol 8 (12) ◽  
pp. 545
Author(s):  
Yang Yu ◽  
Zhangjun Wang ◽  
Kuntai Ma ◽  
Chao Chen ◽  
Xiufen Wang ◽  
...  
Keyword(s):  
Theoretical Model ◽  
Detection Probability ◽  
Effective Means ◽  
Photon Number ◽  
Photon Counting ◽  
Sequence Length ◽  
Random Coding ◽  
Working Principle ◽  
The Impact ◽  
First Time

With the wide application of lidar in the future, the problem of crosstalk between lidars will become more serious. True random coding photon counting lidar with high anti-crosstalk ability will play an important role in solving this problem. In this paper, based on the working principle of Gm-APD, the detection probability theoretical model of true random coding photon counting lidar is built, and the impact of jitter on detection probability is considered for the first time. The influence of mean echo photon number, mean pulse count density, sequence length and pulse width on detection probability is analyzed. Monte Carlo simulation and experimental results are highly consistent with the theoretical model, which proves the correctness of the detection probability theoretical model. This theoretical model provides an effective means to evaluate the system performance.

The Temperature-Dependent Ideal Shear Strength of Solid Single Crystals

2018 ◽  
Vol 85 (3) ◽  
Author(s):  
Tianbao Cheng ◽  
Daining Fang ◽  
Yazheng Yang
Keyword(s):  
Shear Strength ◽  
Theoretical Model ◽  
Melting Point ◽  
Single Crystals ◽  
Elevated Temperatures ◽  
Absolute Zero ◽  
Temperature Dependent ◽  
Temperature Changes ◽  
First Time ◽  
The Ideal

Knowledge of the ideal shear strength of solid single crystals is of fundamental importance. However, it is very hard to determine this quantity at finite temperatures. In this work, a theoretical model for the temperature-dependent ideal shear strength of solid single crystals is established in the view of energy. To test the drawn model, the ideal shear properties of Al, Cu, and Ni single crystals are calculated and compared with that existing in the literature. The study shows that the ideal shear strength first remains approximately constant and then decreases almost linearly as temperature changes from absolute zero to melting point. As an example of application, the “brittleness parameter” of solids at elevated temperatures is quantitatively characterized for the first time.

A Critical Review of Online Consumer Behavior

2011 ◽  
pp. 262-279 ◽  
Author(s):  
Christy M.K. Cheung
Keyword(s):  
Consumer Behavior ◽  
Theoretical Model ◽  
Critical Review ◽  
Research Agenda ◽  
Research Area ◽  
Integrative Model ◽  
Review Of The Literature ◽  
Online Consumer Behavior ◽  
The Past ◽  
Online Consumer

The topic of online consumer behavior has been examined under various contexts over the years. Although researchers from a variety of business disciplines have made significant progress over the past few years, the scope of these studies is rather broad, the studies appear relatively fragmented and no unifying theoretical model is found in this research area. In view of this, we provide an exhaustive review of the literature and propose an integrative model of online consumer behavior so as to analyze the online consumer behavior in a systematic way. This proposed framework not only provides us with a cohesive view of online consumer behavior, but also serves as a salient guideline for researchers in this area. We conclude our paper with a research agenda for the study of online consumer behavior.

A laboratory simulation of mixing across tidal fronts

1996 ◽  
Vol 309 ◽  
pp. 321-344 ◽  
Author(s):  
P. J. Thomas ◽  
P. F. Linden
Keyword(s):  
Experimental Data ◽  
Theoretical Model ◽  
Laboratory Simulation ◽  
Shallow Sea ◽  
Mixing Rate ◽  
Tidal Front ◽  
Laboratory Results ◽  
The Cross ◽  
First Time ◽  
Oceanographic Conditions

A laboratory study which simulates the dynamics of shallow sea fronts and the mixing across a tidal front is described. The experiments show, for the first time, that it is possible to simulate a stationary tidal front with the inclusion of buoyancy effects, Coriolis effects and turbulence in the laboratory. Experimental data obtained for the cross-front mixing rate are presented. The data analysis shows that the mixing rate increases with stratification and decreases with rotation. A theoretical model of the flow which collapses the experimental data is developed which shows that the cross-front mixing is controlled by baroclinic processes. The model enables an extrapolation of the laboratory results to oceanographic conditions. Estimates of the cross-front mixing velocity for oceanographic conditions give values consistent with estimates obtained from North Sea data.

Adaptation to Industrialization: German Workers as a Test Case

1970 ◽  
Vol 3 (4) ◽  
pp. 303-331 ◽  
Author(s):  
Peter N. Stearns
Keyword(s):  
Twentieth Century ◽  
Working Class ◽  
Urban Poor ◽  
Consumption Patterns ◽  
Social Effects ◽  
Test Case ◽  
Sociological Research ◽  
The Social ◽  
Material Conditions ◽  
First Time

Historians, in their somewhat defensive perusal of sociology for sweeping theoretical statements, perhaps underestimate the careful, often narrow, empiricism of much sociological research. Sociologists unearth facts for subsequent historians to work on and sometimes to interpret more broadly. Historical sociologists to the contrary, fact-grubbing services are mutual in the two disciplines. German sociologists were the first to study the social effects of industrialization extensively. By the early twentieth century, when masses of workers were still entering factory industry for the first time, sociologists were ready to investigate the process of adaptation through systematic interviews. British researchers in the same period, besides being dedicated amateurs for the most part, focused on the urban poor and on material conditions too exclusively still. French efforts were even more scattered. Maurice Halbwachs did some valuable studies of consumption patterns, while Le Play and his school contributed rather conservative portraits of individual workers. For purposes of understanding the working class in manufacturing, German sociological research was long unrivaled.

Discount models in intertemporal choice: an empirical analysis

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Isabel María Parra Oller ◽  
Salvador Cruz Rambaud ◽  
María del Carmen Valls Martínez
Keyword(s):  
Empirical Analysis ◽  
Intertemporal Choice ◽  
Hyperbolic Discounting ◽  
Least Squares Regression ◽  
Discount Function ◽  
Content Type ◽  
The Individual ◽  
Gains And Losses ◽  
First Time ◽  
The Empirical Analysis

PurposeThe main purpose of this paper is to determine the discount function which better fits the individuals' preferences through the empirical analysis of the different functions used in the field of intertemporal choice.Design/methodology/approachAfter an in-depth revision of the existing literature and unlike most studies which only focus on exponential and hyperbolic discounting, this manuscript compares the adjustment of data to six different discount functions. To do this, the analysis is based on the usual statistical methods, and the non-linear least squares regression, through the algorithm of Gauss-Newton, in order to estimate the models' parameters; finally, the AICc method is used to compare the significance of the six proposed models.FindingsThis paper shows that the so-called q-exponential function deformed by the amount is the model which better explains the individuals' preferences on both delayed gains and losses. To the extent of the authors' knowledge, this is the first time that a function different from the general hyperbola fits better to the individuals' preferences.Originality/valueThis paper contributes to the search of an alternative model able to explain the individual behavior in a more realistic way.

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