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Dealers
Kinds of Dealers Selected AbstractsEXCHANGE RATE MOVEMENTS AS EXPLAINED BY DEALERSECONOMIC PAPERS: A JOURNAL OF APPLIED ECONOMICS AND POLICY, Issue 3 2003TIFFANY HUTCHESON First page of article [source] DO DEALERS INFER INFORMATION FROM ORDER FLOW?THE JOURNAL OF FINANCIAL RESEARCH, Issue 2 2007Bidisha Chakrabarty Abstract I examine strategic behavior among dealers in the NASDAQ market and document that there is a lead quote-setting dealer in each security and that the quotes posted by this leader are informative. Other dealers free-ride this information by following the lead quote-setting dealer. The lead dealer can be identified by two information signals: (1) percentage of time spent on the inside market (i.e., posting inside quotes), and (2) trade volume transacted. Dealers that free-ride the leader's quotes quickly update their posted quotes in the same direction as the leader's quote change. My findings suggest that directing trade to the lead dealer may be more advantageous than randomly routing trade. [source] Regulation of Firearm Dealers in the United States: An Analysis of State Law and Opportunities for ImprovementTHE JOURNAL OF LAW, MEDICINE & ETHICS, Issue 4 2006Jon S. Vernick J.D., M.P.H. Firearms were associated with 30, 136 deaths in the United States in 2003. Most guns are initially sold to the public through a network of retail dealers. Licensed firearm dealers are an important source of guns for criminals and gun traffickers. Just one percent of licensed dealers were responsible for more than half of all guns traced to crime. Federal law makes it difficult for ATF to inspect and revoke the licenses of problem gun dealers. State licensing systems, however, are a greatly under-explored opportunity for firearm dealer oversight. We identify and categorize these state systems to identify opportunities for interventions to prevent problem dealers from supplying guns to criminals, juveniles, or gun traffickers. Just seventeen states license gun dealers. Twenty-three states permit routine inspections of dealers but only two mandate that those inspections occur on a regular basis. Twenty-six states impose record-keeping requirements for gun sales. Only thirteen states require some form of store security measures to minimize firearm theft. We conclude with recommendations for a comprehensive system of state licensing and oversight of gun dealers. Our findings can be useful for the coalition of more than fifty U.S. mayors that recently announced it would work together to combat illegal gun trafficking. [source] Equipment Dealers'Perceptions of a Community-based Rollover Protective Structures Promotion CampaignTHE JOURNAL OF RURAL HEALTH, Issue 2 2001Timothy W. Struttmann M.S.P.H ABSTRACT Farming is one of the most hazardous occupations, and tractor overturns are the leading cause of agricultural fatalities. This article examines a community-based injury intervention designed to increase the number of rollover protective structures (ROPS) and seat belts on tractors and to promote safe operation of farm tractors in two counties. Equipment dealers who sell retrofit ROPS kits to farmers were a critical component of the intervention. Interviews were conducted with dealers after the 31-month intervention period to understand their perceptions, any difficulties they experienced as a result of the project and how a similar project could be improved. Comments were analyzed in relation to theories of persuasion. Results indicated that dealers believed the intervention was successful in producing behavior change among some farmers. Dealers also provided important insights into why some farmers continued to resist retrofitting tractors with ROPS. Recommendations are offered for designers of community-based interventions beyond the ROPS project described here. [source] The Effect of Crossing-Network Trading on Dealer Market's Bid-Ask SpreadsEUROPEAN FINANCIAL MANAGEMENT, Issue 2 2006Carole Gresse G19 Abstract This article provides new insights into market competition between traditional exchanges and alternative trading systems in Europe. It investigates the relationship between the trading activity of a crossing network (CN) and the liquidity of a traditional dealer market (DM) by comparing data from the SEAQ quote-driven segment of the London Stock Exchange (LSE) and internal data from the POSIT crossing network. A cross-sectional analysis of bid-ask spreads shows that DM spreads are negatively related to CN executions. Risk-sharing benefits from CN trading dominate fragmentation and cream-skimming costs. Further, risk-sharing gains are found to be related to dealer trading in the CN. [source] A Parimutuel Market Microstructure for Contingent ClaimsEUROPEAN FINANCIAL MANAGEMENT, Issue 1 2005Jeffrey Lange G10; G13; G14 Abstract Parimutuel principles are widely used as an alternative to fixed odds gambling in which a bookmaker acts as a dealer by quoting fixed rates of return on specified wagers. A parimutuel game is conducted as a call auction in which odds are allowed to fluctuate during the betting period until the betting period is closed or the auction ,called'. The prices or odds of wagers are set based upon the relative amounts wagered on each risky outcome. In financial microstructure terms, trading under parimutuel principles is characterised by (1) call auction, non-continuous trading; (2) riskless funding of claim payouts using the amounts paid for all of the claims during the auction; (3) special equilibrium pricing conditions requiring the relative prices of contingent claims equal the relative aggregate amounts wagered on such claims; (4) endogenous determination of unique state prices; and (5) higher efficiency. Recently, a number of large investment banks have adopted a parimutuel mechanism for offering contingent claims on various economic indices, such as the US Nonfarm payroll report and Eurozone Harmonised inflation. Our paper shows how the market microstructure incorporating parimutuel principles for contingent claims which allows for notional transactions, limit orders, and bundling of claims across states is constructed. We prove the existence of a unique price equilibrium for such a market and suggest an algorithm for computing the equilibrium. We also suggest that for a broad class of contingent claims, that the parimutuel microstructure recently deployed offers many advantages over the dominant dealer and exchange continuous time mechanisms. [source] Working hard at giving it away: Lord Duveen, the British Museum and the Elgin marblesHISTORICAL RESEARCH, Issue 198 2004Elisabeth Kehoe In September 1928, just after the publication of the report of the royal commission on National Museums and Galleries, the art dealer Sir Joseph Duveen wrote to his good friend Edgar Vincent, Viscount D'Abernon, who had chaired the commission, offering to pay for a new gallery at the British Museum to house the Parthenon, or Elgin, marbles. The new gallery cost over £100,000 and took ten years to complete, during which time Duveen worked hard to impose his vision of a new gallery , a vision often at odds with that of the Museum establishment, and one that generated controversy, including the unauthorized cleaning of the marbles. [source] An economic analysis of Japanese distribution systemsMANAGERIAL AND DECISION ECONOMICS, Issue 5 2003Atsuo Utaka We investigate Japanese distribution systems by using a successive monopoly model in which the dealer can increase demand for the commodity. We compare the Tatene system (TS) with the open price system (OPS), and show that in cases where the dealer's power of sales promotion is small (large), the total profits obtained through TS become larger (smaller) than those of the OPS. This result justifies the actual change from TS to OPS from an economic point of view. Copyright © 2003 John Wiley & Sons, Ltd. [source] Emergency transshipment in decentralized dealer networks: When to send and accept transshipment requestsNAVAL RESEARCH LOGISTICS: AN INTERNATIONAL JOURNAL, Issue 6 2006Hui Zhao Abstract While there has been significant previous literature on inventory transshipment, most research has focused on the dealers' demand filling decision (when to fill transshipment requests from other dealers), ignoring the requesting decision (when to send transshipment requests to other dealers). In this paper we develop optimal inventory transshipment policies that incorporate both types of decisions. We consider a decentralized system in which the dealers are independent of the manufacturer and of each other. We first study a network consisting of a very large number of dealers. We prove that the optimal inventory and transshipment decisions for an individual dealer are controlled by threshold rationing and requesting levels. Then, in order to study the impact of transshipment among independent dealers in a smaller dealer network, we consider a decentralized two-dealer network and use a game theoretic approach to characterize the equilibrium inventory strategies of the individual dealers. An extensive numerical study highlights the impact of the requesting decision on the dealers' equilibrium behavior in a decentralized setting. © 2006 Wiley Periodicals, Inc. Naval Research Logistics, 2006 [source] Set in stone: monumental altar frames in Renaissance FlorenceRENAISSANCE STUDIES, Issue 1 2010Meghan Callahan In 1864 the V&A (then the South Kensington Museum) purchased a large marble altar frame from a dealer in Florence. The quality of the frame identifies it as the product of a leading Florentine sculpture workshop, possibly that of Giuliano da Sangallo at the end of the fifteenth century. Its dimensions indicate that it would have housed a large altarpiece in one of the city's churches. The frame's provenance remains obscure, but this article offers the first critical evaluation of the object based on first-hand examination. Comparisons with similar frames in Florentine churches (surviving and documented) suggest that the V&A frame can be identified as an example of a particular category of monumental altar that was popular in the city in the decades around 1500. This type combined painted panel altarpieces with sculpture, integrating both within impressive architectural superstructures comprising lateral columns, elaborate entablatures, and arched lunettes. Identifiable examples housed altarpieces by Perugino, Lorenzo di Credi, Piero di Cosimo, and Ridolfo del Ghirlandaio, each juxtaposed with tin-glazed terracotta reliefs by the Della Robbia shop. The popularity of these arched frames was relatively short-lived, but their brief heyday provides important evidence for the gathering appreciation of aesthetic integration, formal order and spatial symmetry within Italian church interiors in the years around 1500. [source] DO DEALERS INFER INFORMATION FROM ORDER FLOW?THE JOURNAL OF FINANCIAL RESEARCH, Issue 2 2007Bidisha Chakrabarty Abstract I examine strategic behavior among dealers in the NASDAQ market and document that there is a lead quote-setting dealer in each security and that the quotes posted by this leader are informative. Other dealers free-ride this information by following the lead quote-setting dealer. The lead dealer can be identified by two information signals: (1) percentage of time spent on the inside market (i.e., posting inside quotes), and (2) trade volume transacted. Dealers that free-ride the leader's quotes quickly update their posted quotes in the same direction as the leader's quote change. My findings suggest that directing trade to the lead dealer may be more advantageous than randomly routing trade. [source] The global market for OTC derivatives: An analysis of dealer holdingsTHE JOURNAL OF FUTURES MARKETS, Issue 1 2005Ekaterina E. Emm We provide a descriptive examination of the trading activities of one of the most important intermediaries in global financial markets,the OTC derivatives dealer. These dealers play a central role in the provision of derivative products and in the intermediation of market risks faced by financial and nonfinancial firms alike. Utilizing a unique database, we analyze the derivatives holdings of 264 dealers spanning 34 countries over the period 1995,2001. We document the geographic composition of dealers on both country and regional levels as well as analyze trends in dealer holdings on an aggregate and individual product level. We further analyze the extent of global merger activity among dealers and resulting consolidation effects. Finally, we investigate at the individual dealer level the extent and evolution of their array of product offerings. © 2005 Wiley Periodicals, Inc. Jrl Fut Mark 25:39,77, 2005 [source] Volatility, Market Structure, and the Bid-Ask Spread,ASIA-PACIFIC JOURNAL OF FINANCIAL STUDIES, Issue 1 2009Kee H. Chung Abstract We test the conjecture that the specialist system on the New York Stock Exchange (NYSE) provides better liquidity services than the NASDAQ dealer market in times of high return volatility when adverse selection and inventory risks are high. We motivate our conjecture from the observation that there is a designated specialist for each stock on the NYSE who is directly responsible for maintaining a reasonable level of liquidity (i.e., the bid-ask spread) as the ,liquidity provider of last resort' whereas there is no such designated dealer on NASDAQ. Empirical evidence is consistent with our conjecture. In a similar vein, we show that the specialist system provides better liquidity than the dealer market in thin markets. [source] FEDERAL LEGISLATION AND GUN MARKETS: HOW MUCH HAVE RECENT REFORMS OF THE FEDERAL FIREARMS LICENSING SYSTEM REDUCED CRIMINAL GUN SUPPLIERS?,CRIMINOLOGY AND PUBLIC POLICY, Issue 2 2002CHRISTOPHER S. KOPER Research Summary: Following reforms of the federal firearms licensing system, nearly 70% of the nation's retail gun dealers active in 1994 dropped out of business by 1998. Dropout dealers supplied one-third of guns recovered and traced by police but were linked to fewer crime guns than were other dealers, most likely because dropouts tended to be lower volume dealers. It is not clear if guns sold by dropouts had a higher probability of being used in crime, but guns supplied by dropouts did not move into criminal channels more quickly. Policy Implications: If federal reforms have reduced the availability of guns to criminals, the effect has probably been more modest than suggested by the overall reduction in dealers. Producing further reductions in the flow of guns to criminals through oversight of gun dealers will require refinement in the identification of problematic gun dealers. [source] Environmental Narratives on Protection and Production: Nature-based Conflicts in R7iacute;o San Juan, NicaraguaDEVELOPMENT AND CHANGE, Issue 4 2000Anja Nygren This article focuses on local processes and global forces in the struggle over the fate of forests and over the contested claims of protection and production in a protected area buffer zone of Río San Juan, Nicaragua. The struggle over control of local natural resources is seen as a multifaceted process of development and power involving diverse social actors, from agrarian politicians and development agents to a heterogeneous group of local settlers, absentee cattle raisers, timber dealers, transnational corporations, and non-governmental organizations. The initial interest is in the local resource-related discourses and actions; the analysis then broadens to include the larger political-economic processes and environment-development discourses that affect the local systems of production and systems of signification. The article underlines environmental resource conflicts as one of the major challenges in subjecting structures of social power to critical analysis. [source] ,Ugly but . . . important': the Albanian Hoard and the making of the archaeological treasure in the early twentieth centuryEARLY MEDIEVAL EUROPE, Issue 1 2008Melanie Holcomb This paper deploys the Metropolitan Museum's Albanian (or Avar) Treasure as a case study to explore the role and value assigned to the named treasure during the early twentieth century, a moment when Americans , most notably J.P. Morgan , were among the wealthiest and most avid collectors of Byzantine and medieval art. Outlining the market conditions for such treasures, the archaeological practices that authenticated them, and the art historical categories that gave them meaning, the paper demonstrates the extent to which the archaeological treasure was a social creation built by various players: finders, dealers, scholars, museums and collectors. [source] The "End of Geography" in Financial Services?ECONOMIC GEOGRAPHY, Issue 4 2000Local Embeddedness, Territorialization in the Interest Rate Swaps Industry Abstract: This paper provides evidence that the globalization of financial services has not undermined the importance of local embeddedness in world financial centers, among global banks. Using qualitative data from interviews with senior bankers in the interest rate swaps (derivatives) industry in Australia, in this paper I demonstrate the importance of spatial relationships and processes of local embeddedness in the production of swaps. Local embeddedness is attributable to the rapid exchange of financial information in formal dealing networks that serve as central information sources, enabling dealers to formulate a "market feel" that influences their dealing strategies. Information interpretation and decision making in dealing processes and specialist financial labor provide the foundations for the product-based learning orientation of swaps dealing. Dealing networks are underpinned by social relationships, requiring face-to-face interaction that is facilitated by spatial proximity. Although the global swaps industry is dominated by multinational banks, the centrality of these embedded networks impedes globalization in interest rate swaps dealing. The global swaps industry comprises an international network of highly localized but interconnected operations based in world financial centers. [source] Anabolic steroid users' attitudes towards physiciansADDICTION, Issue 9 2004Harrison G. Pope ABSTRACT Aims To assess anabolic-androgenic steroid (AAS) users' trust in the knowledge and advice of physicians. Design Interviews of AAS users and non-users. Setting Research offices. Participants Eighty weight-lifters (43 AAS users, 37 non-users) recruited by advertisement in Massachusetts and Florida, USA. Measurements Personal interviews and questionnaire responses, including subjects' ratings of physicians' knowledge regarding various health- and drug-related topics. AAS users also rated their level of trust in various sources of information about AAS. Findings Both groups of subjects gave physicians high ratings on knowledge about general health, cigarette smoking, alcohol, and conventional illicit drugs, but gave physicians markedly and significantly lower ratings on knowledge about AAS. When rating sources of information on AAS, users scored physicians as no more reliable than their friends, Internet sites, or the person(s) who sold them the steroids. Forty percent of users trusted information on AAS from their drug dealers at least as much as information from any physician that they had seen, and 56% had never revealed their AAS use to any physician. Conclusion AAS users show little trust in physicians' knowledge about AAS, and often do not disclose their AAS use to physicians. These attitudes compromise physicians' ability to educate or treat AAS users. Physicians can respond to these problems by learning more about AAS and by maintaining a high index of suspicion when evaluating athletic male patients. [source] ENVIRONMENT-DEPENDENT ADMIXTURE DYNAMICS IN A TIGER SALAMANDER HYBRID ZONEEVOLUTION, Issue 6 2004Benjamin M. Fitzpatrick Abstract After an estimated five million years of independent evolution, the barred tiger salamander (Ambystoma tigrinum mavortium) was introduced by bait dealers into the native range of the California tiger salamander (A. californiense). Hybridization and backcrossing have been occurring in central California for 50,xs60 years, or an estimated 15,30 generations. We studied genetic and ecological factors influencing admixture of these two divergent gene pools by analyzing frequencies of hybrid genotypes in three kinds of breeding habitats: natural vernal pools, ephemeral man-made cattle ponds, and perennial man-made ponds. Perennial ponds tended to have higher frequencies of nonnative alleles than either type of seasonal pond, even in cases where perennial and seasonal ponds are within a few hundred meters. Thus, the hybrid zone has a mosaic structure that depends on pond hydrology or ecology. The presence of some broadly acting constraints on admixture is suggested by linkage disequilibria between physically unlinked molecular markers within ponds. In addition, we found several marker-specific deviations from Hardy-Weinberg equilibrium. One marker showed a consistent deficit of heterozygotes across pond types. Another showed heterozygote deficits only in vernal pools. A third was more likely to have heterozygote excess in ephemeral cattle ponds. These patterns indicate that admixture is influenced by complex genotype-by-environment interactions. [source] Is Off,Board Trading Detrimental to Market Liquidity?FINANCIAL REVIEW, Issue 3 2002Joanne Hamet Dual trading can have opposite effects: although competition between markets should induce dealers to offer cheaper transactions, market fragmentation could reduce market activity, liquidity, and exchange efficiency. This paper shows that for French stocks traded on the London Stock Exchange's SEAQ International (SEAQ,I), market activity decreases significantly in the Paris Bourse during UK bank holidays. Thus, SEAQ,I market makers seem to divert a new clientele to the Paris Bourse, increasing both market activity and the breadth of the Bourse's order book. Also, contrary to the fragmentation hypothesis, dual trading does not seem to increase information asymmetry. [source] DEALER PRICING OF CONSUMER CREDIT*INTERNATIONAL ECONOMIC REVIEW, Issue 4 2005Giuseppe Bertola Price discrimination incentives may induce dealers to bear the financial cost of their customers' credit purchases. We focus on how financial market imperfections make it possible to segment the customer population. When borrowing and lending rates differ from each other and from the rate of interest on a durable good purchase, the structure of those rates influences customers' choices to purchase on credit or cash terms, and the scope for dealers' price discrimination. Empirical analysis of a set of installment-credit, personal-loan, and regional interest rate data offers considerable support to the assumptions and implications of our theoretical framework. [source] What determines transaction costs in foreign exchange markets?INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS, Issue 1 2008Tarun Ramadorai Abstract Using detailed data on the currency transactions of institutional fund managers, this paper shows that funds that experience high returns on their currency holdings also incur lower transaction costs on their currency trades. This finding holds both in the cross section, i.e. funds that perform better on average incur lower average transaction costs, as well as in time series, i.e. funds that do better over the past two months incur lower transaction costs on subsequent transactions. The results are consistent with foreign exchange dealers bidding for information from successful traders. They are also consistent with foreign exchange dealers exploiting price inelastic demand for foreign currency trades, or funds acting as secondary liquidity providers in foreign exchange markets. The paper also investigates the role of fund size, transaction frequency and return volatility on transactions costs. Copyright © 2007 John Wiley & Sons, Ltd. [source] Extended evidence on the use of technical analysis in foreign exchangeINTERNATIONAL JOURNAL OF FINANCE & ECONOMICS, Issue 4 2006Thomas Gehrig Abstract This work extends earlier survey studies on the use of technical analysis by considering flow analysis as a third form of information production. Moreover, the survey covers FX dealers and also the rising fund managers. Technical analysis has gained importance over time and is now the most equally spread kind of analysis. It has by far the greatest importance in FX dealing and is second in fund management. Charts are used for shorter-term forecasting horizons while flows dominate at the shortest-term and fundamentals at longer horizons. Preferred users of each kind of analysis exhibit different views about market frictions. Copyright © 2006 John Wiley & Sons, Ltd. [source] Competition and Market Structure of National Association of Securities Dealers Automated QuotationsINTERNATIONAL REVIEW OF FINANCE, Issue 3-4 2007YOUNGSOO KIM ABSTRACT In this paper, we study the relation among market structure, trading costs, and competition in National Association of Securities Dealers Automated Quotations (NASDAQ). In particular, we address the following questions: Do NASDAQ dealers exercise market power and extract economic rents in setting bid-ask spread? How persistent is the market power of dominant dealers? Our estimate of the rent is approximately ¢8.76, or 0.54% of stock price. The half-life of the persistence of this rent is approximately 20 months for the entire sample, while the half-life of younger stocks tend to be shorter than those of more mature stocks. Our result supports Schultz: NASDAQ dealers make markets only for stocks where they have competitive advantages in accessing order flow and in information. It might take a while before a market maker poses effective competition to existing dominant market makers. In the meantime, incumbent market makers are able to exercise market power and appear to earn abnormally large profits. [source] Anglo-Italian Cultural Relations before and during the Long Eighteenth CenturyJOURNAL FOR EIGHTEENTH-CENTURY STUDIES, Issue 2 2010JOHN GASH Abstract This introduction sketches some of the key factors and moments in Anglo-Italian contact from the Roman occupation of Britain to the emergence of the Grand Tour in the seventeenth century as a channel for cultural interchange. It then indicates some of the changes that occurred in the nature of that interchange during the eighteenth century. These are explored in the ensuing essays, whose subjects range from the impact in Italy of the writings of Hobbes, through the motivations and prejudices of British travellers to the peninsula, to the reciprocal journeys to England of Italian painters and art dealers. [source] Beaded Brilliance: Wearable Art from the Columbia River PlateauMUSEUM ANTHROPOLOGY, Issue 1 2007John P. Lukavic John P. Lukavic is a Ph.D. candidate in the Department of Anthropology at the University of Oklahoma. His research focuses on interactions between American Indian artists and the consumers of Indian art, including dealers, collectors, tourists, and museums. [source] Models of sensor operations for border surveillance,NAVAL RESEARCH LOGISTICS: AN INTERNATIONAL JOURNAL, Issue 1 2008Roberto Szechtman Abstract This article is motivated by the diverse array of border threats, ranging from terrorists to arms dealers and human traffickers. We consider a moving sensor that patrols a certain section of a border with the objective to detect infiltrators who attempt to penetrate that section. Infiltrators arrive according to a Poisson process along the border with a specified distribution of arrival location, and disappear a random amount of time after their arrival. The measures of effectiveness are the target (infiltrator) detection rate and the time elapsed from target arrival to target detection. We study two types of sensor trajectories that have constant endpoints, are periodic, and maintain constant speed: (1) a sensor that jumps instantaneously from the endpoint back to the starting-point, and (2) a sensor that moves continuously back and forth. The controlled parameters (decision variables) are the starting and end points of the patrolled sector and the velocity of the sensor. General properties of these trajectories are investigated. © 2007 Wiley Periodicals, Inc. Naval Research Logistics, 2008 [source] The strategic effects of a merger upon supplier interactionsNAVAL RESEARCH LOGISTICS: AN INTERNATIONAL JOURNAL, Issue 2 2007Stephen M. Gilbert Abstract We consider how a merger between two naturally differentiated dealers affects their interactions with a common supplier and identify conditions under which the merger can increase or decrease the combined net worth of the two firms. Among other things, we find that the attractiveness of merging depends upon the extent to which end demand can be stimulated by either an upstream supplier or the dealers. Specifically, the greater the supplier's ability to invest in stimulating end demand, the more likely it is that the naturally differentiated firms will be better off operating independently than merging. On the other hand, if the greatest opportunities for stimulating demand are through the service that is provided by the dealers, then merging their operations will be more attractive. © 2006 Wiley Periodicals, Inc. Naval Research Logistics, 2007 [source] Emergency transshipment in decentralized dealer networks: When to send and accept transshipment requestsNAVAL RESEARCH LOGISTICS: AN INTERNATIONAL JOURNAL, Issue 6 2006Hui Zhao Abstract While there has been significant previous literature on inventory transshipment, most research has focused on the dealers' demand filling decision (when to fill transshipment requests from other dealers), ignoring the requesting decision (when to send transshipment requests to other dealers). In this paper we develop optimal inventory transshipment policies that incorporate both types of decisions. We consider a decentralized system in which the dealers are independent of the manufacturer and of each other. We first study a network consisting of a very large number of dealers. We prove that the optimal inventory and transshipment decisions for an individual dealer are controlled by threshold rationing and requesting levels. Then, in order to study the impact of transshipment among independent dealers in a smaller dealer network, we consider a decentralized two-dealer network and use a game theoretic approach to characterize the equilibrium inventory strategies of the individual dealers. An extensive numerical study highlights the impact of the requesting decision on the dealers' equilibrium behavior in a decentralized setting. © 2006 Wiley Periodicals, Inc. Naval Research Logistics, 2006 [source] Occupational fatalities, injuries, illnesses, and related economic loss in the wholesale and retail trade sectorAMERICAN JOURNAL OF INDUSTRIAL MEDICINE, Issue 7 2010Vern Putz Anderson PhD Abstract Background The wholesale and retail trade (WRT) sector employs over 21 million workers, or nearly 19% of the annual average employment in private industry. The perception is that workers in this sector are generally at low risk of occupational injury and death. These workers, however, are engaged in a wide range of demanding job activities and are exposed to a variety of hazards. Prior to this report, a comprehensive appraisal of the occupational fatal and nonfatal burdens affecting the retail and wholesale sectors was lacking. The focus of this review is to assess the overall occupational safety and health burden in WRT and to identify various subsectors that have high rates of burden from occupational causes. Ultimately, these findings should be useful for targeted intervention efforts. Methods We reviewed Bureau of Labor Statistics (BLS), 2006 fatality, injury, and illness data for the WRT sector and provide comparisons between the WRT sector, its' subsectors, and private industry, which serves as a baseline. The BLS data provide both counts and standardized incidence rates for various exposures, events, and injury types for fatalities, injuries, and illnesses. In an effort to estimate the economic burden of these fatalities, injuries, and illnesses, a focused review of the literature was conducted. Results and Conclusion In 2006, WRT workers experienced 820,500 injuries/illnesses and 581 fatalities. The total case injury/illness rate for the retail sector was 4.9/100 FTE and for the wholesale sector 4.1/100 FTE. The WRT sector represents 15.5% of the private sector work population in 2006, yet accounts for 20.1% of nonfatal injuries and illnesses of the private sector. In 2003, the disparity was only 2% but increased to 3% in 2004 and 2005. Three WRT subsectors had injury/illness rates well above the national average: beer/wine/liquor (8.4/100); building materials/supplies (7.6/100); and grocery-related products (7.0/100). Occupational deaths with the highest rates were found in gasoline stations (9.8/100,000), convenience stores (6.1/100,000), and used car dealers (5.5/100,000). In terms of actual numbers, the category of food and beverage stores had 82 fatalities in 2006. Based on 1993 data, costs, both direct and indirect, in the WRT sector for fatal injuries were estimated to exceed $8.6 billion. The full economic loss to society and the family has not been adequately measured. Overexertion and contact with objects/equipment represent the top two events or exposures leading to injury or illness. Together they account for 57% of the events or exposures for nonfatal WRT injuries and illnesses. This sector is important because it is large and pervasive as a result, even a relatively small increase in injury rates and accompanying days away from work will have significant impact on working families and society. Am. J. Ind. Med. 53:673,685, 2010. © 2010 Wiley-Liss, Inc. [source] | ||||||||||||||||||||||