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Values Framework (value + framework)

Distribution by Scientific Domains
Business, Economics, Finance and Accounting50%

Selected Abstracts

Diagnosing and Changing Organizational Culture: Based on the Competing Values Framework

PERSONNEL PSYCHOLOGY, Issue 3 2006
Article first published online: 17 AUG 200
No abstract is available for this article. [source]

Estimating risk aversion from ascending and sealed-bid auctions: the case of timber auction data

JOURNAL OF APPLIED ECONOMETRICS, Issue 7 2008
Jingfeng Lu
Estimating bidders' risk aversion in auctions is a challenging problem because of identification issues. This paper takes advantage of bidding data from two auction designs to identify nonparametrically the bidders' utility function within a private value framework. In particular, ascending auction data allow one to recover the latent distribution of private values, while first-price sealed-bid auction data allow one to recover the bidders' utility function. This leads to a nonparametric estimator. An application to the US Forest Service timber auctions is proposed. Estimated utility functions display concavity, which can be partly captured by constant relative risk aversion. Copyright © 2008 John Wiley & Sons, Ltd. [source]

Reserve Prices in Auctions as Reference Points,

THE ECONOMIC JOURNAL, Issue 520 2007
Stephanie Rosenkranz
We consider second-price and first-price auctions in the symmetric independent private values framework. We modify the standard model by the assumption that the bidders have reference-based utility, where a publicly announced reserve price has some influence on the reference point. It turns out that the seller's optimal reserve price increases with the number of bidders. Also in contrast to the standard model, we find that secret reserve prices can outperform public reserve prices, and that setting the optimal reserve price can be more valuable for the seller than attracting additional bidders. [source]

Physician professionalism for a new century

CLINICAL ANATOMY, Issue 5 2006
James W. Holsinger Jr.
Abstract During the past 50 years, physicians have become increasingly dissatisfied with certain aspects of their profession. Dissatisfaction has intensified with the advent of managed care in the late 20th century, the medical liability crisis, and the growing divergence between the professional and personal expectations placed upon physicians and their practical ability to meet these expectations. These and other factors have encroached on physician autonomy, the formerly ascendant professional value within medicine. As the underlying values and practical realities of the broader American health care system have changed, the professional values and practices of physicians have failed to adapt correspondingly, resulting in a "professionalism gap" that contributes to physician dissatisfaction. To improve the outlook and efficacy of modern American physicians, the profession must adopt a new values framework that conforms to today's health care system. This means foregoing the 20th century's preferred "independent physician" model in favor of a new professional structure based on teamwork and collaboration. Convincing established physicians to embrace such a model will be difficult, but opportunities exist for significant progress among a new generation of physicians accustomed to the realities of managed care, flexible practice models, and health information technology. The teaching of clinical anatomy, given its incorporation of student collaboration at the earliest stages of medical education, offers a prime opportunity to introduce this generation to a reinvigorated code of professionalism that should reduce physician dissatisfaction and benefit society. Clin. Anat. 19:473,479, 2006. © 2006 Wiley-Liss, Inc. [source]