I present a model in which a voter cannot learn the consensus opinion of experts. In the model a journalist reports on an unknown state to a voter who makes a policy decision. The journalist’s report consists of the opinion of a single neutral expert and a rejoinder by an opposition party. At some cost, the party may hire a credible expert to comment on its behalf. The more uniform is expert op...

Article history: Received 6 April 2007 Received in revised form 19 September 2008 Accepted 19 September 2008 Available online 11 October 2008 We examine investment banks' networking function in capital markets, using a sample of Private Investments in Public Equity (PIPEs). We argue that investment banks develop relationships with investors through repeat dealings, and that investment banks' ne...

This study outlines a new theory linking industry structure to optimal employment contracts and executive short-termism. Firms hire their executives using optimal contracts derived within a competitive labour market. To motivate effort firms must use some variable remuneration. Such remuneration introduces a myopia problem: an executive would wish to inflate early expected earnings at some risk...

We develop a dynamic equilibrium model of labor demand with adverse selection. Firms learn the quality of newly hired workers after a period of employment. Adverse selection makes it costly to hire new workers and to release productive workers. As a result, firms hoard labor and under-react to labor demand shocks. The adverse selection problem also creates a market for temporary workers. In equ...

OBJECTIVE To map the sub processes related to turnover of nursing staff and to investigate and measure the nursing turnover cost. METHOD This is a descriptive-exploratory study, classified as case study, conducted in a teaching hospital in the southeastern, Brazil, in the period from May to November 2013. The population was composed by the nursing staff, using Nursing Turnover Cost Calculatio...

The Everest climbing season that has just ended was marred by the worst accident in the mountain’s history. On 18 April 2014, 16 Nepalese sherpas died in an avalanche, and subsequent climbing expeditions were cancelled. 2 The deaths of men from poor communities, hired to perform dangerous tasks for the sake of mountain climbing, provoked controversy. I used data on deaths above base camps from ...

The global emergence of city bicycle hire schemes has recently received a lot of attention in the performance and modelling research community. A particularly important challenge is the accurate forecast of future bicycle migration trends, as these assist service providers to ensure availability of bicycles and parking spaces at docking stations, which is vital to match customer expectations. T...

Hiring for your practice is a big responsibility as well as a commitment of time and resources. To find and place the right person for an opening in your practice, consider all of the tools and methods available to you. Use the Internet to advertise the open position, do background and credit checks, and communicate with candidates clearly and securely. Coordinate your assessment of candidates ...

In a time of financial constraints, Harvard Medical School's Countway Library has found a way to acquire additional funding to expand its services while integrating librarians further into the medical school organization. This paper describes the contractual arrangement between the library and a medical school department and shows how a professional librarian can be integrated into the institut...