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Monetary Gains (monetary + gain)
Selected AbstractsCOACHING COSTS AS TULLOCK COSTS: A MODEL OF RISING COACHING SALARIESECONOMIC AFFAIRS, Issue 3 2010Kurt Rotthoff Escalating sports coaching costs have strained budgets at many universities. This paper analyses these expenditures as a form of Tullock Costs (Tullock, 1967). In this framework the money the universities receive is spent on recruiting top talent, so the schools receive little, or no, monetary gain under current scholarship rules. [source] In the Interests of Clients or Commerce?JOURNAL OF LAW AND SOCIETY, Issue 4 2007Demand, Ethical Indeterminacy' in Criminal Defence Work, Legal Aid, Supply As a professional, a lawyer's first duty is to serve the client's best interests, before simple monetary gain. In criminal defence work, this duty has been questioned in the debate about the causes of growth in legal aid spending: is it driven by lawyers (suppliers) inducing unnecessary demand for their services or are they merely responding to increased demand? Research reported here found clear evidence of a change in the handling of cases in response to new payment structures, though in ways unexpected by the policy's proponents. The paper develops the concept of ,ethical indeterminacy' as a way of understanding how defence lawyers seek to reconcile the interests of commerce and clients. Ethical indeterminacy suggests that where different courses of action could each be said to benefit the client, the lawyer will tend to advise the client to decide in the lawyer's own interests. Ethical indeterminacy is mediated by a range of competing conceptions of ,quality' and ,need'. The paper goes on to question the very distinction between ,supply' and ,demand' in the provision of legal services. [source] Effects of monetary reward and punishment on stimulus-preceding negativityPSYCHOPHYSIOLOGY, Issue 3 2006Yoshimi Ohgami Abstract This study examined the effects of emotional valence on stimulus-preceding negativity (SPN) using reward and fine. A time estimation task under reward, punishment, combined, and control conditions was performed. Participants were rewarded for accurate responses in the reward condition, and were fined for incorrect estimations in the punishment condition. in the combined condition, correct responses were rewarded and incorrect responses were fined. In the control condition, neither a reward nor fine was used. Results showed a significant interaction of condition × hemisphere. The SPN at the left hemisphere was increased in the reward condition. For the punishment effect, although it evoked right hemisphere dominance, no conditional difference was apparent at the right hemisphere. These results suggest that the SPN is affected by positive emotion: The left hemisphere activation might represent a pleasant emotion accompanying monetary gain. [source] Sports forecasting: a comparison of the forecast accuracy of prediction markets, betting odds and tipstersJOURNAL OF FORECASTING, Issue 1 2009Martin Spann Abstract This article compares the forecast accuracy of different methods, namely prediction markets, tipsters and betting odds, and assesses the ability of prediction markets and tipsters to generate profits systematically in a betting market. We present the results of an empirical study that uses data from 678,837 games of three seasons of the German premier soccer league. Prediction markets and betting odds perform equally well in terms of forecasting accuracy, but both methods strongly outperform tipsters. A weighting-based combination of the forecasts of these methods leads to a slightly higher forecast accuracy, whereas a rule-based combination improves forecast accuracy substantially. However, none of the forecasts leads to systematic monetary gains in betting markets because of the high fees (25%) charged by the state-owned bookmaker in Germany. Lower fees (e.g., approximately 12% or 0%) would provide systematic profits if punters exploited the information from prediction markets and bet only on a selected number of games. Copyright © 2008 John Wiley & Sons, Ltd. [source] Balancing move and work: women's labour market exits and entries after family migrationPOPULATION, SPACE AND PLACE (PREVIOUSLY:-INT JOURNAL OF POPULATION GEOGRAPHY), Issue 1 2006William A. V. Clark Abstract A substantial literature has examined the nature of mobility and migration and the link to workforce participation. In general that literature has documented the disadvantages to women who move or migrate with a partner during the mobility or migration process, but it suggests, especially for the US, that the disadvantage is temporarily limited. This study of the same process in the British labour market reaffirms a temporary deficit-effect of two-worker migration for women, but unlike the US labour market the process of re-entry seems slower. There are modest monetary gains from mobility and migration, but these gains come for some families only when women enter the labour force after migration. The study reconfirms the importance of gender in the migration and mobility processes. Income, for women, recovers more slowly if a birth was registered in the migration interval. Copyright © 2006 John Wiley & Sons, Ltd. [source] Abnormal activity in reward brain circuits in human narcolepsy with cataplexyANNALS OF NEUROLOGY, Issue 2 2010Aurélie Ponz PhD Objective Hypothalamic hypocretins (or orexins) regulate energy metabolism and arousal maintenance. Recent animal research suggests that hypocretins may also influence reward-related behaviors. In humans, the loss of hypocretin-containing neurons results in a major sleep-wake disorder called narcolepsy-cataplexy, which is associated with emotional disturbances. Here, we aim to test whether narcoleptic patients show an abnormal pattern of brain activity during reward processing. Methods We used functional magnetic resonance imaging in 12 unmedicated patients with narcolepsy-cataplexy to measure the neural responses to expectancy and experience of monetary gains and losses. We statistically compared the patients' data with those obtained in a group of 12 healthy matched controls. Results and Interpretation Our results reveal that activity in the dopaminergic ventral midbrain (ventral tegmental area) was not modulated in narcolepsy-cataplexy patients during high reward expectancy (unlike controls), and that ventral striatum activity was reduced during winning. By contrast, the patients showed abnormal activity increases in the amygdala and in dorsal striatum for positive outcomes. In addition, we found that activity in the nucleus accumbens and the ventral-medial prefrontal cortex correlated with disease duration, suggesting that an alternate neural circuit could be privileged over the years to control affective responses to emotional challenges and compensate for the lack of influence from ventral midbrain regions. Our study offers a detailed picture of the distributed brain network involved during distinct stages of reward processing and shows for the first time, to our knowledge, how this network is affected in hypocretin-deficient narcoleptic patients. ANN NEUROL 2010;67:190,200 [source] Market-Based Policy Instruments, Irrigation Water Demand, and Crop Diversification in the Bow River Basin of Southern AlbertaCANADIAN JOURNAL OF AGRICULTURAL ECONOMICS, Issue 2 2010Lixia He This paper investigates two market-based policy instruments, short-term water trading and volumetric water pricing, in a jurisdiction where historical water allocations are based on the seniority of appropriative water rights. The analysis identifies the potential effects of alternative surface water allocations on crop choices and on producer incomes in three irrigation districts in the Bow River Sub-basin of the South Saskatchewan River. The short-run effects of these alternative policy instruments are examined in scenarios where seasonal water supplies are reduced by 10,30% relative to the 2003 water usage levels. An important contribution of the paper is to present a computational, positive mathematical programming model that integrates both irrigation decisions and specific crop choices when characterizing agents' optimal responses to moderate water scarcity. The numerical results illustrate the manner in which the use of these market-based economic instruments can increase the irrigated land area and economic welfare relative to the allocations made based only on the seniority of water rights. Under full information with no transactions costs, the use of water pricing for allocation purposes can achieve the same production outcomes as could be reached under short-term water trading. However, the distribution of potential monetary gains and losses among agents would vary considerably across policies. Le présent article étudie deux instruments de politique fondés sur le marché, soit le commerce de l'eau à court terme et l'établissement du prix de l'eau en fonction du volume, dans une province où l'attribution de l'eau est historiquement fondée sur l'ancienneté des droits d'appropriation de l'eau. L'analyse a exposé les effets potentiels de divers moyens d'attribution de l'eau de surface sur le choix des cultures et le revenu des producteurs dans trois districts d'irrigation situés dans le sous-bassin de la rivière Bow qui s'écoule dans le sous-bassin de la rivière Saskatchewan Sud. Nous avons examiné les effets à court terme de ces moyens dans des scénarios où les approvisionnements saisonniers en eau ont été réduits de 10 à 30 p. 100 par rapport aux niveaux d'utilisation de l'eau établis en 2003. Le présent article visait, entre autres, à présenter un modèle de programmation mathématique positive intégrant à la fois les décisions concernant l'irrigation et le choix de cultures spécifiques au moment de caractériser les réactions optimales des agents face à une rareté modérée de l'eau. Les résultats numériques ont montré de quelle façon l'utilisation de ces instruments économiques fondés sur le marché pouvait accroître les superficies irriguées et le bien-être économique comparativement à l'attribution de l'eau fondée sur l'ancienneté des droits d'appropriation de l'eau. Selon les renseignements complets sans coûts de transaction, le recours à l'établissement du prix de l'eau en fonction du volume et le commerce de l'eau à court terme peuvent permettre d'obtenir les mêmes résultats en matière de production. Toutefois, la répartition des pertes et des gains éventuels entre les agents varieraient considérablement d'une politique à l'autre. [source] | ||||||||||