Open Access Initiative – why, and are we willing to try?

How Much Are We Willing

Although Mexico’s Conditional Cash Transfer Program Oportunidades has increased overall school enrollment, many adolescents do not attend school, especially in urban areas. This paper simulates the effects of changes in program design using a simple parametric method based on a simultaneous probability model of school attendance and child labor. The paper also provides alternative non parametri...

Why Managers Are Willing To Accept IPO Underpricing

The central question surrounding the IPO underpricing puzzle is why issuers are willing to sell their shares at a price that is less than what the market is willing to pay. This paper shows that a major reason why managers are willing to underprice shares at IPO is that they use options and stock grants to protect themselves from the dilution to their existing shares. Underpricing can have a la...

Are we willing to build a better future?

Are we willing to fight for our research?

In June of 1989 The Johns Hopkins Medical School celebrated its hun­ dredth anniversary. In the half-dozen speeches at the opening ceremonies, given by major figures at Hopkins, plus the Secretary of Health, the Postmaster General, and the chief executive officer of one of the country's leading pharmaceutical houses, all the important problems confront­ ing modern medicine were addressed, from ...

Why open access to research and scholarship?

The Internet has changed how we conduct and share research, primarily by increasing the global reach of scholarly communication. With scholarly journals, this possibility of expanding the circulation of knowledge has led to an " open access " movement that is making an increasing number of published, peer-reviewed articles free to read on-line. Authors, editors, publishers, and librarians are e...