The benefits of introducing active learning in college science courses are well established, yet more needs to be understood about student buy-in to active learning and how that process of buy-in might relate to student outcomes. We test the exposure-persuasion-identification-commitment (EPIC) process model of buy-in, here applied to student (n = 245) engagement in an undergraduate science cour...

In 1937, Ronald Coase argued that firms will exist only in environments in which firms perform better than markets could. To create space for firms, Coase suggested that some environments might be plagued by “transaction costs” that cause markets to perform poorly. Coase’s paper was to become the cornerstone of the economic theory of the firm (i.e., the “make or buy” decision: which activities ...

In English auctions, introducing a buy price, i.e., the seller’s maximum price bid at which any bidder at any time can immediately win the auction, allows the seller to gain higher expected utility than that in a traditional auction when either the seller or the buyers are risk-averse. If the seller sets the buy price high enough, the buyprice English auction is efficient and guarantees the hig...

We consider online trading in a single security with the objective of getting rich when its price ever exhibits a large upcrossing, without risking bankruptcy. We investigate payoff guarantees that are expressed in terms of the extremity of the upcrossings. We obtain an exact and elegant characterisation of the guarantees that can be achieved. Moreover, we derive a simple canonical strategy for...

This paper studies valuation issues related to the buy-in payments in cost-sharing agreements. Three issues are studied. First, the paper shows how to calculate depreciation rates using the so-called "residual pro…t split method" so that the resulting buy-in payment equals the market value of the pre-buy in intangibles. Second, the paper establishes that if a taxpayer elects to calculate the bu...

We examine the selection and performance of stocks recommended by analysts at a large investment firm relative to those of sell-side analysts during the period mid-1997 and 2004. The buy-side firm’s analysts issued less optimistic recommendations for stocks with larger market capitalizations and lower return volatility than their sell-side peers, consistent with their facing fewer conflicts of ...

advertising has always played an important role in growing process of various products and celebrities attract more people to sport and sports goods purchase. this research studied the relationship between advertisement by celebrities and the willingness to buy sports shoes in tabriz. this survey was conducted through a researcher-made questionnaire. the validity of this questionnaire was confi...