scholarly journals Efecto de la intensificación sobre la eficiencia de las explotaciones lecheras

2011 ◽  
Vol 7 (13) ◽  
pp. 91 ◽  
Author(s):  
Antonio Álvarez ◽  
Julio Del Corral ◽  
José Antonio Pérez ◽  
Daniel Solís
Keyword(s):  
Production Cost ◽  
Dairy Farms ◽  
The Other ◽  
Cost Functions ◽  
Empirical Literature ◽  
Positive Relation ◽  
Methodological Issues ◽  
Ex Post ◽  
Ex Ante ◽  
The One

This study analyzes the differences on production cost associated with the intensification of production for a sample of dairy farms in Asturias. In doing so, we account for two methodological issues which are not usually considered in the empirical literature. On the one hand, we allow for different technologies within the sample. On the other hand, we estimate ex ante cost functions, which use ‘planned output’ instead of the traditional ex post approach which uses the ‘observed output’. Our results show a positive relation between intensification and efficiency.

Hidden “holes” in the capital of banks and the supply of credit to the real sector of economy

2018 ◽  
pp. 49-68 ◽  
Author(s):  
M. E. Mamonov
Keyword(s):  
Credit Risk ◽  
The Other ◽  
Real Sector ◽  
Capital Management ◽  
Loan Loss ◽  
Short Term ◽  
The Real ◽  
Ex Post ◽  
The One

Our analysis documents that the existence of hidden “holes” in the capital of not yet failed banks - while creating intertemporal pressure on the actual level of capital - leads to changing of maturity of loans supplied rather than to contracting of their volume. Long-term loans decrease, whereas short-term loans rise - and, what is most remarkably, by approximately the same amounts. Standardly, the higher the maturity of loans the higher the credit risk and, thus, the more loan loss reserves (LLP) banks are forced to create, increasing the pressure on capital. Banks that already hide “holes” in the capital, but have not yet faced with license withdrawal, must possess strong incentives to shorten the maturity of supplied loans. On the one hand, it raises the turnovers of LLP and facilitates the flexibility of capital management; on the other hand, it allows increasing the speed of shifting of attracted deposits to loans to related parties in domestic or foreign jurisdictions. This enlarges the potential size of ex post revealed “hole” in the capital and, therefore, allows us to assume that not every loan might be viewed as a good for the economy: excessive short-term and insufficient long-term loans can produce the source for future losses.

Accounting research production and evaluation: The view of the professionals

2017 ◽  
pp. 75-80
Author(s):  
Orazio Vagnozzi
Keyword(s):  
The Other ◽  
Methodological Issues ◽  
Accounting Research ◽  
Research Production ◽  
Accounting Practice ◽  
Mutual Knowledge ◽  
The One

The existence of a gap between accounting research and accounting practice has been extensively described in literature. In order to be able to publish a research in a high-ranked accounting journal, it seems that methodological issues are more important than those related to the relevance of the topics covered. To improve research and accounting practice and to avoid the risk of accounting research becoming selfreferential, every effort should be made to bridge the current gap between research and accounting practice. To this end, the development of mutual knowledge of the agenda of researchers and practitioners on the one hand, and participation in joint projects on the other, could represent possible future solutions to be pursued.

scholarly journals Partner Uncertainty and the Dynamic Boundary of the Firm

2017 ◽  
Vol 9 (4) ◽  
pp. 277-302 ◽  
Author(s):  
Thomas Hellmann ◽  
Veikko Thiele
Keyword(s):  
Asset Specificity ◽  
The Other ◽  
Trade Off ◽  
Specific Investments ◽  
Dynamic Boundary ◽  
Ex Post ◽  
Ex Ante

We develop a new theory of the dynamic boundary of the firm where asset owners may want to change partners ex post. We identify a fundamental trade-off between (i) a “displacement externality” under non-integration, where a partner leaves a relationship even though his benefit is worth less than the loss to the displaced partner, and (ii) a “retention externality” under integration, where a partner inefficiently retains the other. With more asset specificity, displacement externalities matter more and retention externalities less, so that integration becomes more attractive. Wealth can resolve ex post inefficient partner arrangements, but may weaken ex ante incentives for specific investments. (JEL D21, D23, D25, D62, D86, G31)

scholarly journals Philosophical remarks about educational materials

2021 ◽  
Vol 55 ◽  
pp. e055005
Author(s):  
Elena Theodoropoulou
Keyword(s):  
Philosophy Of Education ◽  
The State ◽  
The Other ◽  
Practical Philosophy ◽  
Teaching Material ◽  
Methodological Issues ◽  
Educational Materials ◽  
Philosophical Work ◽  
Critical Understanding ◽  
The One

The connection between a non philosophical work and its reception in education through its transformation into a learning/teaching material and a possible philosophical reading, in order to recognize and define the philosophical stance of this very material, could not but be a challenge for philosophy of education itself, namely, in its relation to (or as) practical philosophy. This kind of reduction to the state of material could instrumentalize the latter raising practical, ethical and methodological issues about the pedagogical intention itself; subsequently, the art, literature, philosophy, and science lying behind materials become equally instrumentalized and evacuated. This article attempts, on the one hand, to circumscribe and describe this movement of “becoming material” as a question philosophically and pedagogically challenging and, on the other, to reflect about a critical understanding of this very question as an example of research in practical philosophy. 

Ex ante and ex post long-run average cost functions

1987 ◽  
Vol 19 (10) ◽  
pp. 1411-1419 ◽  
Author(s):  
L. J. Hubbard ◽  
P. J. Dawson
Keyword(s):  
Average Cost ◽  
Cost Functions ◽  
Ex Post ◽  
Long Run ◽  
Ex Ante

scholarly journals The Lexicon of Dafydd ap Gwilym's Poetry

2015 ◽  
pp. 53-68
Author(s):  
Dafydd Johnston ◽  
Keyword(s):  
Fourteenth Century ◽  
Political Change ◽  
Spoken Language ◽  
The Other ◽  
Methodological Issues ◽  
Poetic Tradition ◽  
Welsh Language ◽  
The One ◽  
Core Vocabulary ◽  
New Compounds

Lexical eclecticism is a well-known characteristic of the fourteenth-century Welsh poet Dafydd ap Gwilym. This paper will offer a preliminary categorisation of the sources of his language, considering on the one hand what he inherited from the earlier poetic tradition and the various discourses of Middle Welsh prose (religious, legal, historiographical), and on the other hand innovations resulting from use of colloquial vocabulary and loanwords from French, English and Irish, as well as new compounds and abstract formations. An attempt will be made to assess the proportion of core vocabulary of the spoken language in his poetry, with due regard to the associated methodological issues. Some conclusions will be drawn about the kinds of evidence which the poetry can provide for the development of the Welsh language during a period of major socio-political change.

scholarly journals Integrating ESG Analysis into Smart Beta Strategies

2020 ◽  
Vol 12 (22) ◽  
pp. 9351
Author(s):  
Federica Ielasi ◽  
Paolo Ceccherini ◽  
Pietro Zito
Keyword(s):  
Investment Analysis ◽  
The Other ◽  
Portfolio Rebalancing ◽  
A Value ◽  
Ex Post ◽  
The Us ◽  
Ex Ante ◽  
The Impact ◽  
Smart Beta ◽  
Increase In Risk

Smart beta strategy is an increasingly frequent approach to investment analysis for portfolio selection and optimization and it can be combined with environmental, social, and governance (ESG) considerations. In order to verify the impact of the integration between ESG and smart beta analysis, first we apply a portfolio rebalancing based on ESG scores on securities selected according to different smart beta strategies (ex-post ESG rebalancing approach). Secondly, we apply different smart beta approaches to sustainable portfolios, screened according to the issuers’ ESG scores (ex-ante ESG screening approach). We find that ESG rebalancing and screening are able to impact both on return and risk statistics, but with a different level of efficiency for each smart beta strategy. ESG rebalancing proves to be particularly efficient when it is applied to a “Value” portfolio. On the other hand, when smart beta is applied to ESG-screened portfolios, “Growth” is the strategy which shows the highest increase in risk-adjusted performance, particularly in the US. Minimum volatility proves to be the most efficient smart beta strategy for sustainable portfolios. In general, the increase in the level of sustainability does not deteriorate the risk-adjusted performances of most smart beta strategies.

This Drives Me Nuts!

2016 ◽  
pp. 266-289 ◽  
Author(s):  
Stefano Triberti
Keyword(s):  
Video Games ◽  
Negative Emotions ◽  
Well Being ◽  
The Other ◽  
Positive Experience ◽  
Positive Relation ◽  
Complex Emotions ◽  
Video Gamers ◽  
The One ◽  
Anxiety And Fear

Video games are an interesting example of technologies/media able to generate complex emotions. Indeed, part of the emotions commonly arising in the experience of video gamers are quite negative. On the one hand, video gamers may feel frustration and anger due to the difficulty of the gameplay. On the other hand, they may experience sadness, anxiety and fear due to the immersion into emotionally rich narratives. Yet, video gamers seem to appreciate gaming technologies generating negative emotions, and the research on media frequently highlights a counterintuitive positive relation between negative affect and enjoinment/well-being outcomes. Starting from these premises, the present chapter is aimed to review the negative emotions typical of video games, in order to understand in what ways they can concur in generating an overall positive experience. Then, the chapter discusses implications for research on video games as positive technologies, namely technologies able to promote well-being in their users.

Measuring inequality and Inequity in Health and Health Care

2011 ◽  
pp. 836-869 ◽  
Author(s):  
Eddy Van Doorslaer ◽  
Tom Van Ourti
Keyword(s):  
Health Care ◽  
Causal Effect ◽  
Socioeconomic Inequalities ◽  
The Other ◽  
Empirical Literature ◽  
Sufficient Condition ◽  
Inequalities In Health ◽  
Causal Pathways ◽  
Measurement Tools ◽  
The One

This article examines the measurement of the success of the redistributive function describing strategies used for measuring the inequality of the outcomes of a health care system in terms of the use of care. The discussion of inequalities can be divided into health, health care, and health care payments. This article is concerned with the association between income, on the one hand, and health and health care, on the other. It further discusses the potential underlying causal pathways of this association. It explains in detail that a significant association or causal effect is a necessary but not sufficient condition for the presence of inequalities. Finally, it reviews the economics approaches of measuring socioeconomic inequalities in health and health care that are applied in the empirical literature. The measurement tools developed and used by health economists to analyze socioeconomic inequalities in health and health care are also discussed.

The New Old Efficiency Theories of Causation and Liability

2014 ◽  
Vol 7 (1-2) ◽  
Author(s):  
Richard W. Wright
Keyword(s):  
Social Welfare ◽  
Fundamental Problem ◽  
Tort Law ◽  
Tort Liability ◽  
Liability Rule ◽  
Actual Causation ◽  
Ex Post ◽  
Ex Ante ◽  
The One ◽  
Ex Post Analysis

AbstractFor the last 40 years, efficiency theorists have attempted to demonstrate that tort liability in general and negligence liability in particular can best/only be explained by the hypothesis that judges are trying to maximize aggregate social welfare. Thirty years ago I published a pair of articles criticizing these attempts, noting especially the efficiency theorists’ inability to explain and justify the factual causation requirement in tort law. Nevertheless, the efficiency theorists have continued to make the same arguments. In this paper, I canvass the old arguments and their current restatements, including the attempts by some of the leading theorists to equate ex post analysis of actual causation with ex ante analysis of negligent conduct and attempts by others to explain the actual negligence liability rules. None of the rules proposed by the efficiency theorists is consistent with the practice of the courts, and none of them would promote efficient deterrence. Worse yet, the least descriptively plausible negligence liability rule proposed by the efficiency theorists is the one likely to be the least inefficient in actual practice, while the one assumed by most efficiency theorists will be the most inefficient. The fundamental problem with the efficiency theories is that they assume that the focus of law should be and is on the maximization of aggregate social welfare, rather than justice – the promotion of everyone’s equal external freedom in their interactions with others.

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