ATM Surcharges and the Expansion of Consumer Choice

Since the imposition of surcharges for the use of automatic teller machines became widespread in 1996, the number of ATMs has increased significantly. That increase has benefited consumers greatly by making bank transactions more easily accessible. Critics of surcharges claim that banks are not passing cost savings generated by large ATM networks on to consumers. Such claims are false; operating ATMs is expensive and forces banks to use their own resources to meet consumer demand for ATMs. And surcharges are not anti-competitive; the banking industry remains competitive. Surcharges have created a new area of competition among banks as they try to meet consumer needs for fast and easy access to banks. Consumers who do not want to pay surcharges have plenty of options for accessing their bank accounts without paying a fee. A ban on ATM surcharges, as proposed by Sen. Alfonse D'Amato (R-N.Y.), would serve only to deny an important timesaving option to consumers who are willing to pay for the convenience of ATMs

Winning and Other Determinants of Revenue in North America\u27s Major Professional Sports Leagues

This study investigates recent determinants of revenue in North America’s four major professional sports leagues. Estimates reveal that revenue is positively associated with winning in baseball (MLB), basketball (NBA), and hockey (NHL), but not in football (NFL). The returns to winning are not diminishing as commonly assumed, which casts doubt on the uncertainty of outcome hypothesis, and differences across leagues are consistent with revenue sharing arrangements. Estimates also indicate a strong negative relationship between stadium age and revenue, which is consistent with observed rapid replacement of sports stadiums. The results have several important implications for economic models of sports leagues

Monitoring and Employee Shirking: Evidence from MLB Umpires

Standard neoclassical principal-agent theory predicts that stricter monitoring should reduce employee shirking from principal desires; however, recent analyses indicate that social aspects of principal-agent relationships may result in monitoring “crowding out” disciplinary effects. From 2001 to 2008 Major League Baseball (MLB) instituted an automated pitch-tracking system (QuesTec) to assist in monitoring its umpires. The asymmetric implementation of this new monitoring technology allows for the comparison of monitored and unmonitored umpires to identify shirking to placate on-field lobbying pressure. Estimates identify deviations in calls associated with monitoring; however, overall, umpires appeared to be quite sensitive to league directives for changes in the strike zone absent technological monitoring. Thus, while additional monitoring had some effect on umpire behavior, the extreme sensitivity to MLB mandates when unmonitored by the new technology indicates that pre-existing monitoring (which included human oversight and efficiency wages) was effective at limiting shirking by umpires

Searching for Illicit Behavior through Changes in Productivity: The Case of Roger Clemens and Performance-enhancing Drugs

Major League Baseball pitcher Roger Clemens has been accused of using performance-enhancing drugs to boost his performance. If Clemens used ergogenic aids consistent with the accusations of use, then unusual changes in productivity may be evident in his performance record. Two previous studies have examined Clemens’s career and reached conflicting conclusions: Bradlow et al. (2008) declares Clemens’s career to be “atypical” while Albert (2009) finds Clemens’s productivity to be unusually strong but similar to other pitchers who have not been linked with performance-enhancing drugs. This study examines Clemens’s performance at times of alleged use and over his career and finds that changes in productivity are not indicative of performance-enhancing drug use

Magnetic and Dyed Microcapsules From the Spores of Clubmoss

In this article we describe the preparation of bioavailable microcapsules derived from spores of clubmoss (Lycopodium clavatum) that are composed of protein-free, non-allergenic, and porous sporopollenin, often described as nature’s most robust polymeric system. We describe the adsorption of magnetic materials onto the exterior surfaces of the empty microcapsules and the incorporation of molecular passengers, thereby producing stable, monodispersed, bifunctional particles/vehicles of 25 microns in size that can respond to, or targeted by, applied fields

Janus mesophases of matter

In ancient Roman religion and myth, Janus is the god of beginnings, gates, transitions, time, duality, doorways, passages, frames, and endings. He is usually depicted as having two faces looking in opposite directions, one towards the past and the other towards the future. This article is dedicated to Professor BK Sadashiva for his contributions to the science of liquid crystals, and new beginnings in the design and creation of mesomorphic materials. In the studies of metallomesogens based on copper(II) complexes of β-diketones, Ohta and his colleagues reported the first-established discotic-lamellar phase, in which the board-like complexes are able to form lamellar packing arrangements, and at the same time stacking into columns. Casagrande et al. later prepared synthetically modified beads with one hemisphere being hydrophobic and the other hydrophilic. These particles were considered to be amphiphilic solids, and called Janus Beads. Synthetic Janus Mesogens with supermolecular architectures having one chiral nematic hemisphere and the other with smectic tendencies were made in 2003. These complexes, particles, and supermolecules, were termed Janus to describe the structure of the material. In this article we use Janus liquid crystals to describe a material that combines two different packing motifs in a single uniform phase structure

The Freshman, vol. 1, no. 8

The Freshman was a weekly, student newsletter issued on Mondays throughout the academic year. The newsletter included calendar notices, coverage of campus social events, lectures, and athletic teams. The intent of the publication was to create unity, a sense of community, and class spirit among first year students

The Freshman, vol. 1, no. 10

The Freshman was a weekly, student newsletter issued on Mondays throughout the academic year. The newsletter included calendar notices, coverage of campus social events, lectures, and athletic teams. The intent of the publication was to create unity, a sense of community, and class spirit among first year students. This issue includes an editorial exploring how to maintain self-identity in the face of academic stereotypes

The Freshman, vol. 1, no. 9

The Freshman was a weekly, student newsletter issued on Mondays throughout the academic year. The newsletter included calendar notices, coverage of campus social events, lectures, and athletic teams. The intent of the publication was to create unity, a sense of community, and class spirit among first year students. This issue includes acknowledgement of Bill Floring setting UMaine\u27s record for running the 100-yard dash in 10 seconds

The Freshman, vol. 1, no. 14

The Freshman was a weekly, student newsletter issued on Mondays throughout the academic year. The newsletter included calendar notices, coverage of campus social events, lectures, and athletic teams. The intent of the publication was to create unity, a sense of community, and class spirit among first year students. Campus coverage in this issue includes changes in rules governing the Senior Skulls in an effort to create a better spirit among the entire student body, by prohibiting the wearing of knickers, prep school insignia, and sports shoes