Is acting prosocially beneficial for the credit market?

This article argues that behaving prosocially implies more transparent information during the negotiation process of a financial contract and more cooperation among the parties to respect the terms of the contract. For this reason this work considers interest rate on loans and insolvency rate functions of prosocial behaviour along with the traditional socio-economic and financial collaterals. The context of study is Italy and the analysis is developed at a cross-regional level. We collect data from the two reports on “Relatives and Safety Net” produced by the Italian Centre Bureau of Statistics (ISTAT) in 1998 and 2003 and from the reports on “Regional Economics” produced by the Bank of Italy in the same years. A two-period panel model shows two interesting outcomes. Firstly, regions with a higher proportion of prosocial individuals report lower interest rates on loans and insolvency rates. Secondly, when we include the efficiency of legal enforcement, evidence supports the idea that a more efficient legal framework can act as a more reliable transmission mechanism of institutional norms and facilitate the internalisation of social norms

More on A Statistical Analysis of Log-Periodic Precursors to Financial Crashes

We respond to Sornette and Johansen's criticisms of our findings regarding log-periodic precursors to financial crashes. Included in this paper are discussions of the Sornette-Johansen theoretical paradigm, traditional methods of identifying log-periodic precursors, the behavior of the first differences of a log-periodic price series, and the distribution of drawdowns for a securities price.Comment: 12 LaTex pages, no figure

The Ten Essential Shared Capabilities: a framework for mental health practice

The 10 Essential Shared Capabilities (ESC) are a description of the core aspects of practice that support effective implementation and delivery of mental health care. The ESC have been derived directly from work with users, carers and mental health personnel. To support their introduction a learning pack was developed giving examples of the 10 ESC as they relate to current practice. A pilot programme across England was developed to test the acceptability and potential utility of these materials and this paper reports on the evaluation of that pilot programme. Facilitators (n=75) and learners (n=579) were asked to rate each of the seven modules contained in the learning pack. A number of recommendations have been made to improve the materials that are being acted upon

Older people and research partnerships

Increasing consumer consultation is a priority for those involved in health and social care research and practice, with promoting greater public participation being widely accepted as 'a good thing' (Reason, 1994: 3). However, whilst such consultation may improve the quality of research and practice, there is a need to recognise the considerable investment of time and energy that is required for success (Baxter et al., 2001). Given the extra resources needed, it is important to understand how consultation and user involvement can work to benefit all parties. This paper describes our experiences of working together on a research project exploring people's involvement in decision-making processes when using care services in later life. When we started the project in March 2001 each of us could draw on a range of experiences that we hoped would make a valuable contribution. We have now worked together for over two years and this paper describes how our combined efforts have not only enhanced the overall quality of the research but also had personal benefits that we did not anticipate when we started ou

Resolvent at low energy III: the spectral measure

Let $M^\circ$ be a complete noncompact manifold and $g$ an asymptotically conic Riemaniann metric on $M^\circ$, in the sense that $M^\circ$ compactifies to a manifold with boundary $M$ in such a way that $g$ becomes a scattering metric on $M$. Let $\Delta$ be the positive Laplacian associated to $g$, and $P = \Delta + V$, where $V$ is a potential function obeying certain conditions. We analyze the asymptotics of the spectral measure $dE(\lambda) = (\lambda/\pi i) \big(R(\lambda+i0) - R(\lambda - i0) \big)$ of $P_+^{1/2}$, where $R(\lambda) = (P - \lambda^2)^{-1}$, as $\lambda \to 0$, in a manner similar to that done previously by the second author and Vasy, and by the first two authors. The main result is that the spectral measure has a simple, `conormal-Legendrian' singularity structure on a space which is obtained from $M^2 \times [0, \lambda_0)$ by blowing up a certain number of boundary faces. We use this to deduce results about the asymptotics of the wave solution operators $\cos(t \sqrt{P_+})$ and $\sin(t \sqrt{P_+})/\sqrt{P_+}$, and the Schr\"odinger propagator $e^{itP}$, as $t \to \infty$. In particular, we prove the analogue of Price's law for odd-dimensional asymptotically conic manifolds. This result on the spectral measure has been used in a follow-up work by the authors (arXiv:1012.3780) to prove sharp restriction and spectral multiplier theorems on asymptotically conic manifolds.Comment: 42 pages, 4 figure

UCL (University College London) Libraries Masterplan: Library Report to Estates Management Committee January 2008

This document is a Report from UCL Library Services to UCL on Master Planning activities and outputs which have been undertaken to quantify use and development of estate in UCL Library Services. Prioritised options have been identified for the UCL Main and Science Libraries, and for a new central site option. This work has also addressed the needs of UCL for long-term offsite storage, which concludes that UCL needs to retain its facility at Wickford for at least the next ten years

User involvement and desired service developments in drug treatment: Service user and provider views

Aims - To investigate the existing level of user involvement at selected agencies, to examine views about user involvement from both service-user and provider perspectives and to compare desired service developments. Design/Measurements - As part of a larger project, a series of semi-structured interviews was carried out between 2001 and 2003. Setting - Community-based drug services in Northern England. Participants - Service users (46) and service providers (51). Findings - Overall, the level of service-user involvement was low, with 16% of services having no user involvement at all. Nevertheless, service users expressed a desire for a high level of user involvement, compared with the low aspirations expressed by service providers. Service users' first priority for desired service developments was reduced waiting times, whereas service providers wished for increased provision of complementary therapies. Conclusions - The study highlighted important discrepancies regarding both desired level of user involvement and priorities for service developments between service users und providers. Given the current policies in this field and evidence that user involvement and closer partnerships between users and providers enhances treatment effectiveness, this lack of concurrence might be of major concern and working towards better understanding and balancing users' and providers' needs is highly recommended

Humphrey Center News: Spring 1991 v. 6, no. 1

Newsletter of the Hubert H. Humphrey Cancer Research Center at Boston University School of Medicine

Humphrey Center News: Spring 1990 v. 5, no. 1

Newsletter of the Hubert H. Humphrey Cancer Research Center at Boston University School of Medicine