Trader Anonymity, Price Formation and Liquidity

We analyze price formation and liquidity in a non-anonymous specialist market. Our main hypothesis is that the non-anonymity allows the specialist to assess the probability that a trader trades on the basis of private information. He uses this knowledge to price discriminate. This can be achieved by quoting a large spread and granting price improvement to traders deemed uninformed. Our empirical results confirm this view. We document that price improvement reflects lower adverse selection costs but does not lead to a reduction in the specialist's profit. We further show that the quote adjustment following transactions at the quoted prices is more pronounced than the quote adjustment after transactions at prices inside the spread. The results thus support the notion that a non-anonymous environment allows the identification of informed traders and may thus alleviate the adverse selection problem.Anonymity; specialist; bid-ask spread

4Q372 1 and the Continuation of Joseph’s Exile

It has been argued that the fragment 4Q372 1 contains polemic against the Samaritans and their temple cult at Gerizim. While allusions to Samaritans are found in the text, their presence signifies to the restored southern tribes that their restoration is not yet complete. Since the northern tribes, represented by the person of Joseph, remain in foreign lands, the promised deliverance of Deut 32 remains unfulfilled. In contrast to those in the south who might be tempted to conclude, with Ps 78, that God had rejected Joseph, 4Q372 1 suggests that the south’s fate is inextricably intertwined with Joseph’s fate

Work in Mennonite Theological Perspective

https://historicalpapers.journals.yorku.ca/index.php/historicalpapers/article/view/3926

From faith to food: using oral history to study corporate mythology in Canadian manufacturing firms

The study of corporate mythology, particularly through oral history, has received increasing attention from business historians. The role of corporate mythology is examined at two Canadian manufacturing companies: Loewen (a wooden window manufacturer in Steinbach, Manitoba) and WT Hawkins (makers of Cheezies, a cheese-flavoured snack made from extruded corn). Oral histories and Roland Barthes’ writings on mythology are used to study an advertising campaign at Loewen, while corporate records and oral histories are used to explore Hawkins’ corporate mythology. The author concludes that corporate mythology succeeded at Hawkins but failed at Loewen: Hawkins built a following for a single product made using outdated equipment, while Loewen reduced its workforce and was sold to a foreign holding company.https://www.jstor.org/stable/2434296

A Buried Pentateuchal Allusion to the Resurrection in Mark 12:25

This article seeks to determine the Pentateuchal background for Jesus's arguments regarding the resurrection of the dead

A grounded theory of local ownership as meta-conflict in Afghanistan

Internationally-sponsored interventions in fragile and conflict-affected states are often resisted by domestic actors who have deep local knowledge, profoundly different expectations of political processes, and keen desires to shape their country’s future. Many forms of local resistance can damage or stall the progress of externally driven peacebuilding, but the critical peacebuilding literature has suffered from an inability to articulate coherent strategic alternatives to the dominant paradigm of liberal interventionism. This paradigm, we argue, is actually part of what fuels continued resistance: as external actors seek to implant liberal democratic norms into local bureaucratic and political cultures, countless sites of conflict emerge, with local and international actors jockeying between and amongst each other for position, resources, and control over the specificities of reform. These struggles – effectively a competition over local ownership – are at the centre of peacebuilding and will determine short- and long-term intervention outcomes. Focusing on the case of political reform in Afghanistan, this article develops a grounded theory of ownership as ‘meta-conflict,’ in which participant voices from local and international peacebuilding leaders, working in-country, are given a primary role in determining the compatibility of the donor community’s prevailing liberal agenda with local requirements for building peace

Infrared light extinction by charged dielectric core-coat particles

We study the effect of surplus electrons on the infrared extinction of dielectric particles with a core-coat structure and propose to use it for an optical measurement of the particle charge in a dusty plasma. The particles consist of an inner core with negative and an outer coat with positive electron affinity. Both the core and the coat give rise to strong transverse optical phonon resonances, leading to anomalous light scattering in the infrared. Due to the radial profile of the electron affinity electrons accumulate in the coat region making the infrared extinction of this type of particles very charge-sensitive, in particular, the extinction due to a resonance arising solely due to the core-coat structure. The maximum of this resonance is in the far-infrared and responds to particle charges realizable in ordinary dusty laboratory plasmas.Comment: 12 pages, 8 figure