Cost stickiness revisited: Empirical aplication for farms

This article reviews previous research regarding cost stickiness and performs an empirical analysis applied to a sample of farms. It recognizes that modelization of cost stickiness is a particular case of representation of cost variations as a function of output variations. It also discusses methodological issues and analyses cost stickiness for all registered farm costs and opportunity costs of family work. Costs exhibit a considerable level of rigidity. Even for variable costs, a decrease in activity involves a lower decrease in costs than the amounts involved when activity increases. While registered indirect costs slightly decrease when activity decreases, opportunity costs always increase. The study provides empirical evidence that cost stickiness is significantly reduced with better management decision practices.cost stickiness, cost behavior, farm management accounting

Driver costs in small firms: empirical analysis for farms

The agricultural sector has always been characterized by a predominance of small firms. International competition and the consequent need for restraining costs are permanent challenges for farms. This paper performs an empirical investigation of cost behavior in agriculture using panel data analysis. Our results show that transactions caused by complexity influence farm costs with opposite effects for specific and indirect costs. While transactions allow economies of scale in specific costs, they significantly increase indirect costs. However, the main driver for farm costs is volume. In addition, important differences exist for small and big farms, since transactional variables significantly influence the former but not the latter. While sophisticated management tools, such ABC, could provide only limited complementary useful information but no essential allocation bases for farms, they seem inappropriate for small farms.small firms, activity based costing, cost behavior, farm management accounting

Effect of a science communication event on students’ attitudes towards science and technology

Peer ReviewedPostprint (author's final draft

On the nature of the variable gamma-ray sources at low galactic latitudes

Population studies of EGRET gamma-ray sources indicate that there is a distinctive population of bright sources at low galactic latitudes. The sources have a distribution consistent with that of young galactic objects, with a concentration toward the inner spiral arms. There is a subgroup that displays strong variability with timescales from days to months. Following an earlier suggestion by Kaufman Bernadó et al. (2002), we explore the possibility that these sources could be high-mass microquasars. Detailed models for the gamma-ray emission that include inverse Compton interactions of electrons in the relativistic jets and photons from all local fields (stellar UV photons, synchrotron photons, soft X-ray photons from the accretion disk, and hard X-ray photons from a corona) are presented. We conclude that microquasars are excellent candidates for the parent population of the subgroup of variable low-latitude EGRET sources.Fil: Bosch Ramon, Valentí. Universidad de Barcelona; EspañaFil: Romero, Gustavo Esteban. Provincia de Buenos Aires. Gobernación. Comisión de Investigaciones Científicas. Instituto Argentino de Radioastronomía. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - La Plata. Instituto Argentino de Radioastronomía; ArgentinaFil: Paredes, Josep Maria. Universidad de Barcelona; Españ

Short-term effects of analysts recommendations in Spanish blue chips returns and trading volumes

The purpose of this paper is to investigate the effects of stock recommendations in returns and trading volumes. Unlike previous research we have investigated the five most usual types of recommendations: buy, outperform, hold, underperform and sell. The methodology we propose is also different from previous studies. From our results we conclude that positive (negative) abnormal returns are associated to positive (negative and neutral) recommendations, the day of publication of the recommendation and the day before, but not the day after publication. We also document an asymmetry in the effect of recommendation on the stock trading volume, following the sign of the recommendation

The radio to TeV orbital variability of the microquasar LSI+61303

Context: .The microquasar LS I +61 303 has recently been detected at TeV energies by the Cherenkov telescope MAGIC, presenting variability on timescales similar to its orbital period. This system has been intensively observed at different wavelengths during the last three decades, showing a very complex behavior along the orbit.Aims: .We aim to explain, using a leptonic model in the accretion scenario, the observed orbital variability and spectrum from radio to TeV energies of LS I +61 303.Methods: .We apply a leptonic model based on accretion of matter from the slow inhomogeneous equatorial wind of the primary star, assuming particle injection proportional to the accretion rate. The relativistic electron energy distribution within the binary system is computed taking into account convective/adiabatic and radiative losses. The spectral energy distribution (SED) has been calculated accounting for synchrotron and (Thomson/Klein Nishina -KN-) inverse Compton (IC) processes and the photon-photon absorption in the ambient photon fields. The angle dependence of the photon-photon and IC cross sections has been considered in the calculations.Results: .We reproduce the main features of the observed light curves from LS I +61 303 at radio, X-rays, high-energy (HE), and very high-energy (VHE) gamma-rays, and the whole spectral energy distribution.Conclusions: .Our model is able to explain the radio to TeV orbital variability taking into account that radiation along the orbit is strongly affected by the variable accretion rate, the magnetic field strength, and by the ambient photon field via dominant IC losses and photon-photon absorption at periastron.Fil: Bosch Ramon, Valentí. Universidad de Barcelona; EspañaFil: Paredes, Josep Maria. Universidad de Barcelona; EspañaFil: Romero, Gustavo Esteban. Provincia de Buenos Aires. Gobernación. Comisión de Investigaciones Científicas. Instituto Argentino de Radioastronomía. Consejo Nacional de Investigaciones Científicas y Técnicas. Centro Científico Tecnológico Conicet - La Plata. Instituto Argentino de Radioastronomía; ArgentinaFil: Ribó, Marc. Universidad de Barcelona; Españ