MARKET INTEGRATION TEST FOR PACIFIC EGG MARKETS

This paper uses of Johansen's multivariate cointegration test to test for egg market integration of six Pacific states, Washington, Idaho, Oregon, California, Nevada, and Arizona. We conclude that eggs from these states substitute for each other to some degree, and arbitrage possibilities through trade bind the egg prices. In addition, the Law of One Price (LOP), the case of perfect integration, is examined by testing the linear combination of cointegration vectors. Test results show that the LOP is not satisfied even though the egg markets in the six Pacific states are highly integrated. Arizona egg prices, California egg prices, and Washington egg prices play dominant roles on the Pacific egg market in the long run.Demand and Price Analysis, Livestock Production/Industries,

Non-Institutional Market Making Behavior: The Dalian Futures Exchange

This paper contains three useful contributions: (1) it collects a new data-set of electronic transaction data on soybean futures from the Dalian Futures Exchange in China that records, not only the usual elements of each transaction (such as price and size) but also identifies broker and customer identities, variables not usually obtainable; (2) it presents new econometric methods for the analysis of dynamic multivariate count data based on the autoregressive conditional intensity model of Jordà and Marcellino (2000); and (3) together, the new data and econometric methods allow us to investigate, in a manner not available before, the determinants and effects of non-institutional market making (or scalping).market making, autoregressive conditional intensity, high-frequency data

MARKET-MAKING BEHAVIOR IN FUTURES MARKETS

This paper examines voluntary market-making behavior, namely scalping, in futures markets. Specifically, this paper studies what factors determine scalpers' entry and exit, and how scalping affects market liquidity and price volatility. The data used for the analysis are time-stamped electronic transaction data marked with traders' identities from the Dalian Futures Exchanges in China. The contributions of this paper are: (1) to give detailed analysis of scalping behavior and its impact on market liquidity; (2) to develop new econometric tools for analyzing time-series count data; (3) to propose a new measure of liquidity.Liquidity, Market-Making, Futures Markets, Scalpers, Autoregressive Conditional Intensity (ACI), Volatility, Marketing,

The Announcement Effect: Evidence from Open Market Desk Data

This paper investigates the ability of the Federal Reserve to manipulate the overnight rate without open market operations (which Demiralp and Jorda (2000) term the announcement effect), using high-frequency, open-market-desk data. Using similar data, Hamilton (1997) takes advantage of forecast errors in the Treasury balance to compute the elasticity of the federal funds rate to these errors and thus to obtain a measure of the liquidity effect. Similarly, one can view daily deviations of the federal funds rate from target as forecast errors in the reserve need (see Taylor, 2000). By analyzing the manner and the type of operation the Fed uses to maintain the federal funds rate close to its targeted value and by observing the pattern of operations on the days surrounding a change in this target, we provide evidence of the announcement effect. Furthermore, we show that the discipline of the FOMC schedule dictates, not only the process of expectations formation in the overnight rate, but also the price adjustment process of term rates.open market operations, announcement effect, term structure

Faith-Based Partnerships from the Perspective of the Schools: An exploratory study of partnership benefits and challenges in Philadelphia District Schools - Executive Summary

In the spring of 2008, the School District of Philadelphia (SDP) asked Research for Action to conduct an exploratory study of partnerships between faith-based organizations and schools. The goal of the study was to understand the types of supports and benefits schools receive from their faith-based partners as well as the range of outcomes and impacts that result from these partnerships. This study was based on interviews at 23 schools and surveys received from 54% of all SDP schools. The study found that although nearly half (44%) of schools in the sample had a faith-based partner, the remainder were struggling to create or maintain a partnership (27%) or had never attempted to develop a faith-based partnership (29%). Faith-based partnerships in this study also varied in their complexity, ranging from one-time events to partnerships that provided multiple services, such as use of facilities, monetary donations, mentoring, parental engagement and tutoring services. Although principals cited some challenges to their partnership related to time, funding, staffing, and retaining a consistent volunteer base, most principals also reported positive benefits from these partnerships. Principals at most schools with active faith-based partnerships believed these programs helped improve students' motivation, self-esteem, goal setting, and/or conflict resolution skills

ich wehre mich ... : Ein Interview mit Brigitte Burmeister

In German

Monika Maron: Pawels Briefe. Eine Familiengeschichte

Frankfurt a.M.: S. Fischer, 1999. 205 p

Evaluating Implementation and Barriers to Sustainability of an Asthma Clinical Quality Improvement Project

Purpose and Objectives Asthma is an important public health issue in Utah and quality asthma care is essential to addressing the burden of asthma. The purpose of this initiative was to evaluate clinical asthma quality improvement (QI) program delivery formats and identify barriers to sustaining QI processes. Intervention Approach The focus of the intervention was to improve clinical asthma care through reducing variation in clinician knowledge about recommended asthma care and facilitating process improvements in asthma care delivery using Academic Detailing (AD) and Learning Collaboratives (LC) QI delivery formats. Evaluation Methods A pre/post-test design was used to compare improvements between QI delivery formats in documentation of asthma control and asthma action plans in patient medical charts from baseline to 6-month post-intervention. Content analysis was used to analyze focus group data from a subset of clinics that provided feedback regarding the sustainability of implemented QI processes. Results Substantial improvements in the two asthma measures were achieved for both the AD and LC formats. The average percentage of patients with asthma control documentation increased from baseline (AD: 30.7%; LC: 35.2%) to 6 month follow-up (AD: 85.5%; LC: 70.6%). The average percentage of patients with documented AAPs increased from baseline (AD: 4.1 %; LC: 13.0%) to 6 month follow-up (AD: 62.1%; LC: 61.5%). Focus group data showed it became increasingly difficult to maintain QI processes over time due to cumbersome EHR systems and a lack of trained staff, ongoing support, and value seen in QI. Conclusion Both AD and LC QI delivery formats were effective in improving QI processes. To maintain QI processes long-term, the following areas should be addressed post-implementation: assistance in overcoming EHR barriers related to QI processes, ongoing training for clinic staff, assistance in building value seen in QI processes, and development of a plan for ongoing support specific to clinic needs

Making A Difference: Year Two Report of the Pennsylvania High School Coaching Initiative

This report examines the implementation of the second year of three for the Pennsylvania High School Coaching Initiative (PAHSCI). Funded by the Annenberg Foundation, this initiative focuses on literacy and math coaches providing support to teachers from across the major subject areas to create literacy-rich classrooms in which students actively engage in learning tasks that deepen their content knowledge and strengthen their abilities to think critically and communicate well. This report presents findings from the first two years of research. It includes survey research as well as in-depth qualitative research in participating schools and districts and provides recommendations for PAHSCI stakeholders as they refine the program and for other education reformers as they consider the benefits of instructional coaching as a strategy for improving high schools and student achievement

Does the COVID-19 Pandemic Change Consumers’ Food Consumption and Willingness-to-Pay? The Case of China

Since COVID-19 was first detected in China in 2019, governments around the world have imposed strict measures to curb the spread of the coronavirus, which substantially impacted people’s life. Consumers’ food consumption behavior has also changed accordingly with reduced grocery shopping frequency, replaced in-person grocery shopping with online shopping, and increased valuation on food. In this paper, we aim to investigate the change in Chinese consumers’ food consumption and their willingness to pay (WTP) for vegetables and meat, using a dataset with 1206 online samples collected between February and March 2020. Consumers’ WTP for vegetables and meat is estimated using a double-bounded dichotomous contingent valuation design, and factors affecting their WTPs are also investigated. Results show that consumers have a higher WTP for these food products during the pandemic, and their WTP is positively affected by their anticipated duration of the COVID-19, their online shopping shares, their direct exposure to infected patients, their gender, and their income. These results imply that the food industry shall try to develop online market channels as consumers are willing to share the costs, while lower-income consumers may not be able to meet their food needs with prices increased beyond their WTP and thus may call for the government’s support