Electronic publishing: there is also some good news

Is there really good news about pandemic diabetic nephropathy?

Defined in the dictionary as an adjective, the word pandemic, meaning: ‘occurring over a wide geographic area and affecting an exceptionally high proportion of the population,’ like epidemic, has evolved to its current usage as a noun [1]. In 2005, growth in number of individuals in the United States treated for end-stage renal disease (ESRD) was analysed using data generated by the United Stat...

Academic publishing is electronic publishing

Derk Haank began by saying that he wanted to keep his presentation simple and would make only a few statements. The first of these was to say that, although it might be stating the obvious, academic publishing is electronic publishing. It has been remarkable how quickly things have progressed since the invention of the Web, and an EC study recently recognised that the revolution in electronic p...

No News is Good News

It seems plausible that an increase in stock market volatility raises required stock returns, and thus lowers stock prices. We develop a formal model of this volatility feedback effect using a simple model of changing variance (a quadratic generalized autoregressive conditionally heteroskedastic, or QGARCH, model). Our model is asymmetric and helps to explain the negative skewness and excess ku...

NO news is good news.

Optimal Bundling: Some Good News and Some Bad News

This paper studies the multidimensional screening problem of a pro…t-maximizing monopolist who designs and sells goods with multiple indivisible attributes. The buyer’s utility is linear in the probabilities of obtaining the attributes. The values of the attributes are buyer’s private information. The paper solves the seller’s problem for an arbitrary number of attributes when there are two typ...