Do Different Groups Invest Differently in Higher Education?

On average, education accounts for about 2 percent of total annual expenditures by U.S. consumers, but this percentage varies greatly by demographic. Some groups appear to spend much more than others, so it is natural to question what influences this variation in spending. A popular conception is that racial and ethnic groups value higher education differently. In economic terms, this is a reflection of the value of human capital—how much people are willing to invest in their children’s education. The notion that some groups invest more than others is often based on average participation rates but does not account for actual expenditures or the expenditures when you consider socioeconomic differences. This Beyond the Numbers article looks at the amount of money invested in education by different race and ethnic groups and examines different factors that could contribute to the differences in expenditures. We find that race and ethnicity groups do, on average, spend vastly different amounts on education, but the likelihood of going to college (and thus having education expenditures) and socioeconomic factors have the most influence on families’ investment in higher education—and race and ethnicity is not the driving factor, as commonly thought

CAN FOOD PROCESSORS USE CONTRACTS TO INFLUENCE FARM CASH PRICES? THE COMPETITIVE IMPLICATIONS OF TOP-OF-THE-MARKET AND RELATED PRICING CLAUSES

When contract production is marketed contemporaneously with production sold through a spot market, it is conveninet to specify the contract price in terms of the subsequent cash price. This paper examines the competitive implications of such pricing arrangements, focusing in particular upon so-called "top-of-the-market (TOMP) pricing in cattle procurement, wherein the contract guarantees the producer the highest cash price prevailing at the time of delivery. We show that these contracts have anticompetitive consequences when the same buyers who purchase cattle with the TOMP clause also compete to procure cattle in the subsequent spot market. By committing to purchase cattle at a price to be determined later, beef packers' incentives to compete aggressively in the spot market are attenuated. Although TOMP pricing is not in producers' collective interest, rational sellers may nonetheless sign these contracts, in some cases with little or no financial inducement.Demand and Price Analysis,

Sparse Vector Autoregressive Modeling

The vector autoregressive (VAR) model has been widely used for modeling temporal dependence in a multivariate time series. For large (and even moderate) dimensions, the number of AR coefficients can be prohibitively large, resulting in noisy estimates, unstable predictions and difficult-to-interpret temporal dependence. To overcome such drawbacks, we propose a 2-stage approach for fitting sparse VAR (sVAR) models in which many of the AR coefficients are zero. The first stage selects non-zero AR coefficients based on an estimate of the partial spectral coherence (PSC) together with the use of BIC. The PSC is useful for quantifying the conditional relationship between marginal series in a multivariate process. A refinement second stage is then applied to further reduce the number of parameters. The performance of this 2-stage approach is illustrated with simulation results. The 2-stage approach is also applied to two real data examples: the first is the Google Flu Trends data and the second is a time series of concentration levels of air pollutants.Comment: 39 pages, 7 figure

Food Retailers' Pricing and Marketing Strategies, with Implications for Producers

This paper examines grocery retailers' ability to influence prices charged to consumers and paid to suppliers. We discuss how retailer market power manifests itself in terms of pricing and marketing strategies by setting forth and offering evidence in support of eight "stylized facts" of retailer pricing and brand decisions. We argue that little, if any, of this behavior can be explained by a model of a competitive, price-taking retailer, but that most of the indicated behavior was also inconsistent with traditional models of market power. Finally, we discuss the impacts of aspects of this retailer behavior on the upstream farm sector.grocery retailer, market power, price spread, sales, Agribusiness, Marketing,

HORIZONTAL DIFFERENTIATION WITH DIFFERENTIAL INPUT COSTS: RETAIL PRICES FOR MILK BY FAT CONTENT

Markets for horizontally differentiated products with differential costs are important and have unique features. This paper studies sellers' pricing strategy and market equilibrium in these markets under various competition scenarios in the context of retail milk markets. An empirical study is also conducted to examine the effects of cost factors on retail milk prices and to characterize competition in markets in four California cities.Marketing,

Homotaurine, a safe blood-brain barrier permeable GABAA-R-specific agonist, ameliorates disease in mouse models of multiple sclerosis.

There is a need for treatments that can safely promote regulatory lymphocyte responses. T cells express GABA receptors (GABAA-Rs) and GABA administration can inhibit Th1-mediated processes such as type 1 diabetes and rheumatoid arthritis in mouse models. Whether GABAA-R agonists can also inhibit Th17-driven processes such as experimental autoimmune encephalomyelitis (EAE), a model of multiple sclerosis (MS), is an open question. GABA does not pass through the blood-brain barrier (BBB) making it ill-suited to inhibit the spreading of autoreactivity within the CNS. Homotaurine is a BBB-permeable amino acid that antagonizes amyloid fibril formation and was found to be safe but ineffective in long-term Alzheimer's disease clinical trials. Homotaurine also acts as GABAA-R agonist with better pharmacokinetics than that of GABA. Working with both monophasic and relapsing-remitting mouse models of EAE, we show that oral administration of homotaurine can (1) enhance CD8+CD122+PD-1+ and CD4+Foxp3+ Treg, but not Breg, responses, (2) inhibit autoreactive Th17 and Th1 responses, and (3) effectively ameliorate ongoing disease. These observations demonstrate the potential of BBB-permeable GABAA-R agonists as a new class of treatment to enhance CD8+ and CD4+ Treg responses and limit Th17 and Th1-medaited inflammation in the CNS

Doubly-Asynchronous Value Iteration: Making Value Iteration Asynchronous in Actions

Value iteration (VI) is a foundational dynamic programming method, important for learning and planning in optimal control and reinforcement learning. VI proceeds in batches, where the update to the value of each state must be completed before the next batch of updates can begin. Completing a single batch is prohibitively expensive if the state space is large, rendering VI impractical for many applications. Asynchronous VI helps to address the large state space problem by updating one state at a time, in-place and in an arbitrary order. However, Asynchronous VI still requires a maximization over the entire action space, making it impractical for domains with large action space. To address this issue, we propose doubly-asynchronous value iteration (DAVI), a new algorithm that generalizes the idea of asynchrony from states to states and actions. More concretely, DAVI maximizes over a sampled subset of actions that can be of any user-defined size. This simple approach of using sampling to reduce computation maintains similarly appealing theoretical properties to VI without the need to wait for a full sweep through the entire action space in each update. In this paper, we show DAVI converges to the optimal value function with probability one, converges at a near-geometric rate with probability 1-delta, and returns a near-optimal policy in computation time that nearly matches a previously established bound for VI. We also empirically demonstrate DAVI's effectiveness in several experiments

Negligent Sexual Assault: Reform Of The Criminal Law And A Tort Alternative

Negligent Sexual Assault: Reform Of The Criminal Law And A Tort Alternativ

A Comparative Study of Motivation and Perceptual Learning Style Preferences for Learning Chinese as a Foreign Language among Grade 5 to Grade 8 Students of Concordian International School, Thailand

The purpose of this study was to examine the level of overall motivation, intrinsic and extrinsic goal orientations, perceptual learning style preferences, and to determine the motivation and perceptual learning style preference differences among 169 grades 5-8 students learning Chinese as a foreign language at Concordian International School in Bangkok, Thailand, during the first semester of the academic year 2015-2016. The study employed a quantitative research methodology utilizing a questionnaire to collect data. There were four main findings. First, the level of overall motivation for learning Chinese as a foreign language among grade 5 to grade 8 students was high, with the level of intrinsic goal orientation being moderate; and the level of extrinsic goal orientation being high. Second, kinesthetic, tactile and group learning style preferences were major, while visual, auditory and individual were minor learning style preferences. Third, there was no significant difference of overall motivation in Chinese as a foreign language learning according to grade levels, with no significant difference of intrinsic goal orientation according to grade levels and no significant difference of extrinsic goal orientation in Chinese as a foreign language learning according to grade levels. Finally, there was a significant difference of perceptual learning style preferences in Chinese as a foreign language learning according to grade levels. The study concludes with recommendations for practice and for future research