Evaluating the Unilateral Price and Variety Effects of Horizontal Mergers

Industrial Organization,

Pricing Power by Supermarket Retailers: A Ghost in the Machine?

Agribusiness, L13, L66, Q13,

Obesity and Hyperbolic Discounting: An Experimental Analysis

Behavioral economists maintain that addictions such as alcoholism, smoking and over-eating represent examples of present-bias in decision making that is fundamentally irrational. In this article, we develop a model of present bias and apparently hyperbolic discounting that is fully consistent with rational behavior. We construct an experiment to test our hypothesis and to determine whether discount rates differ for individuals who engage in behaviors that could endanger their health. Our results show that discount functions are quasi-hyperbolic in shape, and that obesity and drinking are positively related to the discount rate. Anti-obesity policy, therefore, would be best directed to informing individuals as to the long-term implications of short-term gratification, rather than taxing foods directly.addiction, discounting, experiments, hyperbolic, obesity, time-inconsistency., Consumer/Household Economics, Food Consumption/Nutrition/Food Safety, Health Economics and Policy, Institutional and Behavioral Economics, C91, D12, D91, I18.,

OBESITY AND HYPERBOLIC DISCOUNTING: AN EXPERIMENTAL ANALYSIS

Behavioral economists maintain that addictions such as alcoholism, smoking and over-eating represent examples of present-bias in decision making that is fundamentally irrational. In this article, we develop a model of present bias and apparently hyperbolic discounting that is fully consistent with rational behavior. We construct an experiment to test our hypothesis and to determine whether discount rates differ for individuals who engage in behaviors that could endanger their health. Our results show that discount functions are quasi-hyperbolic in shape, and that obesity and drinking are positively related to the discount rate. Anti-obesity policy, therefore, would be best directed to informing individuals as to the long-term implications of short-term gratification, rather than taxing foods directly.addiction, discounting, experiments, hyperbolic, obesity, time-inconsistency, Agricultural and Food Policy, Consumer/Household Economics, Demand and Price Analysis, Food Consumption/Nutrition/Food Safety, Food Security and Poverty, Health Economics and Policy, C91, D12, D91, I18,

Commodity Price Pass-Through in Differentiated Retail Food Markets

Prices for nearly all basic commodity rose at unprecedented rates throughout early 2008, only to fall nearly as fast as financial markets and global economies began to collapse. Rising food prices in 2008 led to concerns that commodity price spikes would lead to more general food inflation, but by early 2009 interest focused more on the seeming inability of food prices to fall back down with commodity prices. This study provides an empirical investigation into the pass-through of commodity prices to retail prices for two different types of food products: potatoes and fluid milk. The results show that pass-through depends on the nature of the food in question, but is generally consistent with theoretical models of pricing by sellers of multiple, differentiated products. In particular, pass-through rates tend to be lower for processed (differentiated) products during periods of falling input prices than when input prices are rising. For less processed products, pass-through tends to be higher during regimes of both rising and falling input prices. Our results show that pass-through depends on the degree of pricing power possessed by all channel members and, more generally, suggest a nuanced approach to understanding retail food price inflation.commodity prices, conduct, industrial organization, inflation, market power, nested logit, pass-through, random parameters model, Consumer/Household Economics, Demand and Price Analysis, Industrial Organization, C35, D12, D43, L13, L41, Q13,

Interpocket polarization model for magnetic structures in rare-earth hexaborides

The origin of peculiar magnetic structures in cubic rare-earth (R) hexaborides RB_6 is traced back to their characteristic band structure. The three sphere-like Fermi surfaces induce interpocket polarization of the conduction band as a part of a RKKY-type interaction. It is shown for the free-electron-like model that the interpocket polarization gives rise to a broad maximum in the intersite interaction I(q) around q=(1/4,1/4,1/2) in the Brillouin zone. This maximum is consistent with the superstructure observed in R=Ce, Gd and Dy. The wave-number dependence of I(q) is independently extracted from analysis of the spin-wave spectrum measured for NdB_6. It is found that I(q) obtained from fitting the data has a similarly to that derived by the interpocket polarization model, except that the absolute maximum now occurs at (0,0,1/2) in consistency with the A-type structure. The overall shape of I(q) gives a hint toward understanding an incommensurate structure in PrB_6 as well.Comment: 5 pages, 3 figures, submitted to J.Phys.Soc.Jp

Non-Collinear Magnetism due to Orbital Degeneracy and Multipolar Interactions

The origin of non-collinear magnetism under quadrupolar ordering is investigated with CeB6 taken as a target system. The mode-mixing effect among 15 multipoles is analyzed based on the Ginzburg-Landau free energy. Then the lower magnetic transition temperature and the order parameters are derived within the mean-field approximation. In the presence of pseudo-dipole-type interactions for the next-nearest neighbors, the observed pattern of non-collinear ordering is indeed stabilized for certain set of interaction parameters. The stability of the phase III' in the magnetic field is also explained, which points to the importance of the next-nearest-neighbor octupole-octupole interaction. Concerning the phase IV in CexLa1-xB6 with x ~ 0.75, a possibility of pure octupole ordering is discussed based on slight modifications of the strength of interactions.Comment: 12 pages, 7 figures, 3 tables, to appear in J. Phys. Soc. Jpn. 70 (6) (2001

Lattice Distortion and Octupole Ordering Model in CexLa1-xB6

Possible order parameters of the phase IV in CexLa1-xB6 are discussed with special attention to the lattice distortion recently observed. A \Gamma_{5u}-type octupole order with finite wave number is proposed as the origin of the distortion along the [111] direction. The \Gamma_8 crystalline electric field (CEF) level splits into three levels by a mean field with the \Gamma_{5u} symmetry. The ground and highest singlets have the same quadrupole moment, while the intermediate doublet has an opposite sign. It is shown that any collinear order of \Gamma_{5u}-type octupole moment accompanies the \Gamma_{5g}-type ferro-quadrupole order, and the coupling of the quadrupole moment with the lattice induces the distortion. The cusp in the magnetization at the phase transition is reproduced, but the internal magnetic field due to the octupole moment is smaller than the observed one by an order of magnitude.Comment: 5 pages, 4 figures, submitted to J. Phys. Soc. Jp

Clinical effectiveness of rapid tests for methicillin resistant Staphylococcus aureus (MRSA) in hospitalized patients: a systematic review

<p>Abstract</p> <p>Background</p> <p>Methicillin resistant <it>Staphylococcus aureus </it>(MRSA) are often resistant to multiple classes of antibiotics. The research objectives of this systematic review were to evaluate the clinical effectiveness of polymerase chain reaction (PCR) versus chromogenic agar for MRSA screening, and PCR versus no screening for several clinical outcomes, including MRSA colonization and infection rates.</p> <p>Methods</p> <p>An electronic literature search was conducted on studies evaluating polymerase chain reaction techniques and methicillin (also spelled meticillin) resistant <it>Staphylococcus aureus </it>that were published from 1993 onwards using Medline, Medline In-Process & Other Non-Indexed Citations, BIOSIS Previews, and EMBASE. Due to the presence of heterogeneity in the selected studies, the clinical findings of individual studies were described.</p> <p>Results</p> <p>Nine studies that compared screening for MRSA using PCR versus screening using chromogenic agar in a hospital setting, and two studies that compared screening using PCR with no or targeted screening were identified. Some studies found lower MRSA colonization and acquisition, infection, and transmission rates in screening with PCR versus screening with chromogenic agar, and the turnaround time for screening test results was lower for PCR. One study reported a lower number of unnecessary isolation days with screening using PCR versus screening with chromogenic agar, but the proportion of patients isolated was similar between both groups. The turnaround time for test results and number of isolation days were lower for PCR versus chromogenic agar for MRSA screening.</p> <p>Conclusions</p> <p>The use of PCR for MRSA screening demonstrated a lower turnaround time and number of isolation days compared with chromogenic agar. Given the mixed quality and number of studies (11 studies), gaps remain in the published literature and the evidence remains insufficient. In addition to screening, factors such as the number of contacts between healthcare workers and patients, number of patients attended by one healthcare worker per day, probability of colonization among healthcare workers, and MRSA status of hospital shared equipment and hospital environment must be considered to control the transmission of MRSA in a hospital setting.</p