Based on the dual-process theory of ethical judgment, a research model is proposed for examining consumers’ moral reactions to a product-harm crisis. A national-wide survey was conducted with 801 respondents in China. The results of this study indicate that consumers will react to a product-harm crisis through controlled cognitive processing and emotional intuition. The results of the study als...

The goal of this paper is to present the elements of the issues of crisis management modeling. Knowledge of these elements is essential for the creating models of crisis management. At the beginning it is paid the attention to the ideas of theory of chaos that have been applied to crisis management. It also points to the need for the concept of the organization as a system. Furthermore, it deal...

The Messinian Salinity Crisis (MSC) was a marked late Neogene oceanographic event during which the Mediterranean Sea evaporated. Its causes remain unresolved, with tectonic restrictions to the Atlantic Ocean or glacio-eustatic restriction of flow during sea-level lowstands, or a mixture of the two mechanisms, being proposed. Here we present the first direct geological evidence of Antarctic ice-...

With respect to the recent financial crisis, the authors argue that the appropriate adjustments to portfolio allocations in response to the market dislocation are determined by equilibrium considerations (supply must equal demand) and depend on individual investors’ characteristics relative to societal averages. Using a simple model that captures the magnitude of the recent crisis, the authors ...

G. S. Hall's (1904) view that adolescence is a period of heightened "storm and stress" is reconsidered in light of contemporary research. The author provides a brief history of the storm-and-stress view and examines 3 key aspects of this view: conflict with parents, mood disruptions, and risk behavior. In all 3 areas, evidence supports a modified storm-and-stress view that takes into account in...

We build a simple model of banking in the presence of macroeconomic shocks where the comparative roles of private and public monitors can be analyzed. This model provides endogenous justifications for prudential regulation (capital requirements) and emergency liquidity assistance by the Central Bank (lender of last resort). We show that market discipline can be helpful, but does not solve the f...