8,824 research outputs found

    Progress Towards an ab initio, Standard Model Calculation of Direct CP-Violation in K-decays

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    We discuss the RBC & UKQCD collaboration's progress towards a first-principles calculation of direct CP-violation in the Standard Model via K ->pi pi decays. In particular we focus upon the calculation of the I=0 channel amplitude A_0, for which obtaining physical kinematics requires more sophisticated techniques than those used for the I=2-channel decay. We discuss our chosen techniques along with preliminary demonstrations of their application to simpler lattice quantities, and finally discuss our progress in generating the large-volume, physical-pion-mass ensembles that will be used to perform the A_0 calculation.Comment: 6 pages, 1 figures. Presentation at the DPF 2013 Meeting of the American Physical Society Division of Particles and Fields, Santa Cruz, California, August 13-17, 201

    Risk management, player welfare and privacy : player development managers and dilemmas for employee relations in Australian football league clubs

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    This paper reports on one aspect of a research project that was funded by the Australian Football League (AFL) to explore the emergence and evolution of a ‘professional identity’ for AFL footballers. The research was informed by Foucault\u27s later work on the care of the Self to focus on the ways in which player identities are governed by coaches, club officials, and the AFL Commission/Executive; and the manner in which players conduct themselves in ways that can be characterised as professional - or not. The paper explores the roles of Player Development Managers (PDMs) in emerging processes of risk and player management. These roles increasingly involve PDMs in risk management practices and processes that can be seen as intrusive in players’ lives. These risk management processes raise a number of concerns about player privacy and the rights of Clubs to know what their employees are up to away from the workplace

    The Importance of Audit Committees in Initial Public Offerings

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    This paper follows Balvers, McDonald and Miller (1988) and Beatty (1989), who find lower underpricing in initial public offerings (IPOs) when prestigious auditors are used to attest to the IPO's financial statements. Australian IPOs are not obliged to nominate audit firms in the prospectus but often identify that they will have audit committees so as to assist in more appropriate corporate governance. This paper analyses if IPOs identifying the existence of audit committees in the prospectus have a lower underpricing return. While our findings are consistent with previous studies concluding that both the size of the new issue and the use of an underwriter are important ingredients in the level of underpricing return, the inclusion of an audit committee in the prospectuses has actually increased underpricing returns. The capital market may view the audit committee identification with some skepticism.

    Sloth: America\u27s Ironic Structural Vice

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    Individualism is a popular cultural trope in the United States, often touted for its promotion of industriousness and rejection of laziness. This essay argues that, ironically, America\u27s brand of individualism actually promotes a more fundamental form of the very vice it purports to oppose. To make this case, the essay defines the unique form of individualism in the United States and then retrieves the classical definition of sloth as a vice against charity (not diligence), contrasting Aquinas and Barth with Weber to demonstrate that this peculiarly American individualist impulse undermines civic charity by reaping the benefits of civic relationships while denying any concomitant responsibilities. Identifying this narrative of individualism as a structural vice, the essay proposes structural remedies for reinvigorating civic charity, solidarity, and the common good in the United States

    Characterizing the Frequency and Seasonal Dependence of the Sea Breeze in Houston, Texas and Its Impact on Surface Ozone

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    Sea breezes arise from temperature differences between land and an adjacent body of water, forming a thermally direct circulation within the boundary layer. During summer, the resulting circulation carries air offshore during the nighttime and early morning and onshore during the afternoon. Banta et al. [2005] noted the impact of recirculation of pollution on high ozone events in Houston. This study characterizes the frequency of flow reversals that accompany the arrival of sea breeze fronts in Houston and the seasonal dependence of that frequency. Furthermore, we quantitatively analyze the effect of the sea breeze on ozone concentrations in the Houston area

    Hedonic Prices and Implicit Markets: Estimating Marginal Willingness to Pay for Differentiated Products Without Instrumental Variables

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    The hedonic model of Rosen (1974) has become a workhorse for valuing the characteristics of differentiated products despite a number of well-documented econometric problems. For example, Bartik (1987) and Epple (1987) each describe a source of endogeneity in the second stage of Rosen's procedure that has proven difficult to overcome. In this paper, we propose a new approach for recovering the marginal willingness-to-pay function that altogether avoids these endogeneity problems. Applying this estimator to data on large changes in violent crime rates, we find that marginal willingness-to-pay increases by ten cents with each additional violent crime per 100,000 residents.
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