694 research outputs found

    Estimation of Search Frictions in the British Electricity Market

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    This paper studies consumer search and pricing behaviour in the British domestic electricity market following its opening to competition in 1999. We develop a sequential search model in which an incumbent and an entrant group compete for consumers who nd it costly to obtain information on prices other than from their current supplier. We use a large data set on prices and input costs to structurally estimate the model. Our estimates indicate that consumer search costs must be relatively high in order to rationalize observed pricing patterns. We confront our stimates with observed switching behaviour and nd they match well. Keywords:electricity ; consumer search ; price competition JEL Classification: C14 ; D83 ; L13

    Estimate of Search Cost Frictions in the British Electricity Market

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    This paper studies consumer search and pricing behaviour in the British domestic electricity market following its opening to competition in 1999. We develop a sequential search model in which an incumbent and an entrant group compete for consumers who find it costly to obtain information on prices other than from their current supplier. We use a large data set on prices and input costs to structurally estimate the model. Our estimates indicate that consumer search costs must be relatively high in order to rationalize observed pricing patterns. We confront our estimates with observed switching behaviour and find they match well.electricity, consumer search, price competition

    Estimation of search frictions in the British electricity market

    Get PDF
    This paper studies consumer search and pricing behavior in the British domestic electricity market following its opening to competition in 1999. We develop a sequential search model in which an incumbent and an entrant group compete for consumers who find it costly to obtain information on prices other than from their current supplier. We use a large data set on prices and input costs to structurally estimate the model. Our estimates indicate that consumer search costs must be relatively high in order to rationalize observed pricing patterns. We confront our estimates with observed switching behavior and find they match well

    Estimation of search frictions in the British electricity market

    Get PDF
    This paper studies consumer search and pricing behaviour in the British domestic electricity market following its opening to competition in 1999. We develop a sequential search model in which an incumbent and an entrant group compete for consumers who nd it costly to obtain information on prices other than from their current supplier. We use a large data set on prices and input costs to structurally estimate the model. Our estimates indicate that consumer search costs must be relatively high in order to rationalize observed pricing patterns. We confront our estimates with observed switching behaviour and nd they match well

    Probing deeper into the risks of slips, trips and falls for an ageing rail passenger population: applying a systems approach

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    In this study, the authors report the findings from a study of the contributory factors leading to slips, trips and falls (STFs) amongst elderly passengers at train stations and how these are likely to change in the future over the medium to long term (the period 2035–2050). Their data draws on: stakeholder interviews with rail personnel and elderly passengers; a set of station observations carried out across the UK; and, a survey of the views of station managers. The findings point to a set of 22 contributory factors covering aspects of organisational, station environment and passenger (individual) influence on STFs. Amongst the factors which most concern station managers at the present and over the next few decades are: rushing behaviour on train platforms; the consumption of alcohol by passengers; aspects of station design (e.g. flooring); and, training for station staff as regard the risks of STFs. The authors summarise their findings in the form of a systems model which highlights priorities with regard to STFs in terms of all of the stakeholders taking part in the study. A final section discusses a set of issues which might form the basis for a future agenda for research and practice in this area

    The child with multiple birth defects M. Michael Cohen, Jr. Raven Press, New York, 1982, 189 pp.

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    No Abstract.Peer Reviewedhttp://deepblue.lib.umich.edu/bitstream/2027.42/38158/1/1420280319_ftp.pd

    Slips, trips and falls in crowds

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    Crowd situations are commonplace and involve circumstances known to lead to slips, trips and falls (STF). Data from focus groups with crowd participants (5 groups, n = 35 individuals); observations of crowd situations (n = 55); and interviews with crowd organisers (n = 41) were analysed to examine understanding of and responses to the risk of STF in crowds. Although safety was a high priority for both crowd participants and organisers, explicit consideration of STF as a safety concern was low among both groups. Crowd observations found STF risks mitigated on some occasions and present on others, without any discernible pattern for the variation. A risk management framework for STF risk in crowds is proposed. It is concluded that improved understanding is needed of the nature and pattern of STF occurrence in crowds and the efficacy of measures for prevention.N/

    Boxed up and locked up, safe and tight! Making the case for unattended electronic locker bank logistics for an innovative solution to NHS hospital supplies (UK)

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    YesThe lack of separation between urgent and non-urgent medical goods encourages sub-optimal vehicle fleet operations owing to the time critical nature of urgent items. An unattended electronic locker bank, to which individual urgent items can be delivered thereby separating urgent and non-urgent supply, was proposed for the Great Ormond Street Hospital in London, UK. This concept was quantified using ‘basic’ and ‘intuitive’ hill climbing optimisation models; and qualitatively using staff interviews and expert reviews. Results indicated that a locker bank with a fixed height (1.7 m) and depth (0.8 m) required a length of 4 m (basic model) and 3.63 m (intuitive model), to accommodate 100% of urgent consignments for a typical week. Staff interviews indicated the wider benefits such as staff personal deliveries

    Workload profiles prior to injury in professional soccer players

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    © 2017, © 2017 Informa UK Limited, trading as Taylor & Francis Group. This study examined if a particular profile of internal and external workload existed prior to injury. Forty-five professional soccer players were monitored over two seasons. For each non-contact injury, a profile of workload variables was determined for 4 weeks and expressed as (i) an absolute, (ii) week-to-week change and (iii) relative to the player’s season mean. Variables included exposure, session rating of perceived exertion (s-RPE) workload, total distance, low-, high-, very-high-speed running distance, mean speed, bodyload, monotony and strain. Acute:chronic workload ratio was also calculated and sensitivity of the relative workload was tested. Absolute and relative exposure and s-RPE workload were greater in all 3 weeks compared to the injury week (P  0.05). Acute:chronic workload ratio for s-RPE was significantly greater than acute:chronic workload ratio for very-high-speed running (P = 0.04). A workload threshold of 114% of a player’s season mean reported low sensitivity and specificity for exposure (25.6[20.2–33.5]% and 73.9[22.6–28.2]%,) and s-RPE workload (16.3[12.6–24.9]% and 79.9[20.3–26.1]%, respectively). No specific load profile existed, although high-sustained exposure and s-RPE were evident for the 3 weeks prior to injury. Consequently, load prescription should be aware of sustained high workloads

    Effects of northbound long-haul international air travel on sleep quantity and subjective jet lag and wellness in professional Australian soccer players

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    © 2015 Human Kinetics, Inc. The current study examined the effects of 10-h northbound air travel across 1 time zone on sleep quantity, together with subjective jet lag and wellness ratings, in 16 male professional Australian football (soccer) players. Player wellness was measured throughout the week before (home training week) and the week of (away travel week) travel from Australia to Japan for a preseason tour. Sleep quantity and subjective jet lag were measured 2 d before (Pre 1 and 2), the day of, and for 5 d after travel (Post 1-5). Sleep duration was significantly reduced during the night before travel (Pre 1; 4.9 [4.2-5.6] h) and night of competition (Post 2; 4.2 [3.7-4.7] h) compared with every other night (P 0.90). Moreover, compared with the day before travel, subjective jet lag was significantly greater for the 5 d after travel (P 0.90), and player wellness was significantly lower 1 d postmatch (Post 3) than at all other time points (P 0.90). Results from the current study suggest that sleep disruption, as a result of an early travel departure time (8 PM) and evening match (7:30 PM), and fatigue induced by competition had a greater effect on wellness ratings than long-haul air travel with a minimal time-zone change. Furthermore, subjective jet lag may have been misinterpreted as fatigue from sleep disruption and competition, especially by the less experienced players. Therefore, northbound air travel across 1 time zone from Australia to Asia appears to have negligible effects on player preparedness for subsequent training and competition
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