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  • Articles  (5,730)
  • Springer  (5,730)
  • American Meteorological Society
  • 1995-1999  (5,730)
  • 1990-1994
  • 1999  (5,730)
  • Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition  (3,055)
  • Economics  (2,675)
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  • Articles  (5,730)
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  • 1995-1999  (5,730)
  • 1990-1994
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  • 1
    Electronic Resource
    Electronic Resource
    Springer
    The Geneva risk and insurance review 24 (1999), S. 5-17 
    ISSN: 1554-9658
    Keywords: adverse selection ; coalition proof ; insurance
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract We reexamine the canonical adverse selection insurance economy first studied by Rothschild and Stiglitz [1976]. We define blocking in a way that takes private information into account and define a coalition-proof correspondence as a mapping from coalitions to allocations with the property that allocations are in the correspondence, if and only if, they are not blocked by any other allocations in the correspondence for any subcoalition. We prove that the Miyazaki allocation—the Pareto-optimal allocation (possibly cross-subsidized) most preferred by low-risk agents—is coalition-proof.
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  • 2
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    The Geneva risk and insurance review 24 (1999), S. 19-28 
    ISSN: 1554-9658
    Keywords: self-insurance ; self-protection ; comparative statics
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract Consider an agent facing a risky distribution of losses who can change this distribution by exerting some effort. Should he exert more effort when he becomes more risk-averse? For instance, should we expect more risk-averse drivers to drive more cautiously? In this article, we give sufficient conditions under which the answer is positive, using results presented in Jewitt (1989). We first extend the standard models of self-insurance and self-protection and show that the comparative statics depends only on the effect of effort on the net loss. We then present conditions for the continuous case with applications.
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  • 3
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    The Geneva risk and insurance review 24 (1999), S. 29-54 
    ISSN: 1554-9658
    Keywords: insurance ; auditing ; risk aversion
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract We provide a characterization of an optimal insurance contract (coverage schedule and audit policy) when the monitoring procedure is random. When the policyholder exhibits constant absolute risk aversion, the optimal contract involves a positive indemnity payment with a deductible when the magnitude of damages exceeds a threshold. In such a case, marginal damages are fully covered if the claim is verified. Otherwise, there is an additional deductible that disappears when the damages become infinitely large. Under decreasing absolute risk aversion, providing a positive indemnity payment for small claims with a nonmonotonic coverage schedule may be optimal.
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  • 4
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    The Geneva risk and insurance review 24 (1999), S. 55-68 
    ISSN: 1554-9658
    Keywords: insurance regulation ; information ; insolvency
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract There have been major changes in the way European insurance markets are regulated, and there is still considerable debate about what the form and scope of regulation should be. This article examines the arguments for solvency regulation when consumers are fully informed of the insurer's insolvency risk. It is shown firms always provide enough capital to ensure solvency, unless there are restrictions on the composition of their asset portfolios. The conclusion holds even when competition means that only normal profits can be earned. This suggests that the role of regulation in insurance markets should be confined to providing consumers with information about the default risk of insurers.
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  • 5
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    The Geneva risk and insurance review 24 (1999), S. 69-96 
    ISSN: 1554-9658
    Keywords: insurance futures ; futures derivatives ; claims processes ; reinsurance
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This article presents a valuation model of futures contracts and derivatives on such contracts, when the underlying delivery value is an insurance index, which follows a stochastic process containing jumps of random claim sizes at random time points of accident occurrence. Applications are made on insurance futures and spreads, a relatively new class of instruments for risk management launched by the Chicago Board of Trade in 1993, anticipated to start in Europe and perhaps also in other parts of the world in the future. The article treats the problem of pricing catastrophe risk, which is priced in the model and not treated as unsystematic risk. Several closed pricing formulas are derived, both for futures contracts and for futures derivatives, such as caps, call options, and spreads. The framework is that of partial equilibrium theory under uncertainty.
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  • 6
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    The Geneva risk and insurance review 24 (1999), S. 119-137 
    ISSN: 1554-9658
    Keywords: risk classification ; adverse selection ; moral hazard ; Poisson-gamma model ; bonus-malus
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract We present in this article some questions related to risk classification. These are discussed depending on the information used—either data on conditional characteristics or also including data on claim histories or on endogenous insurance demand by the agents.
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  • 7
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    The Geneva risk and insurance review 24 (1999), S. 97-114 
    ISSN: 1554-9658
    Keywords: adverse selection ; moral hazard ; automobile insurance contracts ; risk of accident ; econometrics
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract Insurance has for a long time been perceived as a way of transferring responsibility from insured agents to insurers and thus as potentially influencing insured agents' behavior. Two particular opportunistic behaviors have been analyzed. First, the theory of adverse selection predicts that high-risk agents are likely to demand more insurance than are low-risk agents. Second, the theory of moral hazard predicts that the wider the insurance coverage, the less agents will try to prevent accidents. Both theories thus conclude that agents who are totally insured should have a higher probability of accident than those with only partial insurance, ceteris paribus. Nevertheless, one of the aims of insurance rating systems is to control for these opportunistic behaviors. In this article, we use individual data to see if the French automobile insurance rating system has achieved this aim. We do this using a two-step maximum-likelihood method. First, we compute a probit model to estimate the probability of taking out comprehensive versus third-party insurance. We then calculate the generalized residual, which is included as an independent variable in a negative binomial model estimating the probability of having an accident. The coefficient of this variable is argued to represent adverse selection and ex-ante moral-hazard behavior.
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  • 8
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    The Geneva risk and insurance review 24 (1999), S. 173-192 
    ISSN: 1554-9658
    Keywords: distribution systems ; price dispersion ; consumer search behavior ; long-run equilibrium ; uninformed consumers
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract We attempt to explain the coexistence of two distribution systems when consumers are poorly informed about price distribution. The interaction of price dispersion and consumer search behavior is shown to affect the choice of marketing systems. We provide a necessary and sufficient condition for the coexistence as a long-run equilibrium. The market may observe the coexistence of the two agency systems regardless of the relative efficiency of agency types, or the domination by the less efficient agency system offering higher average price.
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  • 9
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    The Geneva risk and insurance review 24 (1999), S. 159-171 
    ISSN: 1554-9658
    Keywords: crop insurance ; yield options contracts ; incomplete markets ; systemic risk
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract This article focuses on the design of a crop insurance contract when the indemnity is based on the aggregate yield of a surrounding geographical area. Coinsurance under a critical yield often provides an efficient sharing of systemic risk. Under a linear relationship between individual yield and aggregate yield, the optimal form depends on the individual beta coefficient, which measures the sensitivity of individual yield to aggregate yield. The optimal hedging position of the producer on the yield options market is to buy put options or call options depending upon whether his beta coefficient is positive or negative.
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  • 10
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    The Geneva risk and insurance review 24 (1999), S. 139-158 
    ISSN: 1554-9658
    Keywords: self-selection ; screening ; information asymmetry ; insurance markets
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract A major characteristic of insurance markets is information asymmetry that may lead to phenomena such as adverse selection and moral hazard. Another aspect of markets with asymmetric information is self-selection, which refers to the pattern of choices that individuals with different personal characteristics make when facing a menu of contracts or options. To combat problems of asymmetric information, insurance firms can use screening. That is, they can offer the clients a menu of choices and infer their characteristics from their choices. This article reports the results of several studies that examined the degree to which people behave according to the notions of self-selection and screening. Subjects played the role of either insurance buyers or sellers. The results of these studies provide partial support for the hypothesis that subjects use self-selection and screening in insurance markets. Our study also points at the importance of learning in experimental studies. In one-stage experiments where subjects did not get feedback, screening was not detected. When multistage experiments were conducted, and the subjects learned from experience and were also taught the relevant theories, their decisions were more aligned with screening.
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  • 11
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    The Geneva risk and insurance review 24 (1999), S. 193-207 
    ISSN: 1554-9658
    Keywords: corporate insurance ; business insurance ; agency problems
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract Existing literature argues that corporate insurance is purchased because the insurance company produces risk management information for publicly held corporations. In this article, we address a fundamental question as to why other financial intermediaries cannot perform the same information production function as the insurance company. We argue that when the risk manager of the firm performs multiple tasks and needs consulting and investigation services from an outside agent for efficient risk management, the optimal contract with the agent has to be in the form of an insurance contract. Other types of contracts, such as flat-fee contracts, cannot be optimal. Therefore, the insurance company is ideally suited to provides these services.
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  • 12
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    European journal of nutrition 38 (1999), S. 133-142 
    ISSN: 1436-6215
    Keywords: Key words Flavonoids – cancer-cell lines – proliferation –, cytotoxicity – apoptosis
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Medicine
    Notes: Summary Flavonoids are polyphenolic compounds that occur ubiquitously in foods of plant origin. Their proposed protective role in tumor development may prevail especially in the intestinal tract due to direct exposure of intestinal epithelia to these dietary ingredients. We have screened more than 30 flavonoids for their effects on cell proliferation and potential cytotoxicity in the human colon cancer cell lines Caco-2, displaying features of small intestinal epithelial cells, and HT-29, resembling colonic crypt cells. In addition, for selected compounds we assessed whether they induce apoptosis by determining caspase-3 activation. Studies on the dose dependent effects of the flavonoids showed antiproliferative activity of all compounds with EC50 values ranging between 39.7 ± 2.3 μM (baicalein) and 203.6 ± 15.5 μM (diosmin). In almost all cases, growth inhibition by the flavonoids occured in the absence of cytotoxicity. There was no obvious structure-activity relationship in the antiproliferative effects either on basis of the subclasses (i.e., isoflavones, flavones, flavonols, flavanones) or with respect to kind or position of substituents within a class. In a subset of experiments we examined the antiproliferative activities of the most potent compound of each flavonoid subgroup in addition in LLC-PK1, a renal tubular cell line, and the human breast cancer cell line MCF-7. Out of four flavonols tested, three displayed almost equal antiproliferative activities in all cell lines but fisetin was less potent in MCF-7 cells. The flavanones bavachinin and flavanone inhibited growth of Caco-2 and HT-29 cells with lower EC50 values than that obtained in LLC-PK1 and MCF-7 cells. The lower susceptibility of LLC-PK1 and MCF-7 cells towards growth arrest was even more pronounced in the case of the flavone baicalein. Half maximal growth-inhibition in LLC-PK1 and MCF-7 required 2.5 and 6.6 fold higher concentrations than that needed in the intestinal cell lines. The flavonoids failed to affect apoptosis in LLC-PK1 and MCF-7, whereas baicalein and myricetin were able to induce apoptosis in HT-29 and Caco-2 cells. In conclusion, flavonoids of the flavone, flavonol, flavanone, and isoflavone classes possess antiproliferative effects in different cancer cell lines. The capability of flavonoids for growth inhibition and induction of apoptosis can not be predicted on the basis of their chemical composition and structure.
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  • 13
    ISSN: 1436-6215
    Keywords: Key words Dietary fat – adipose tissue – lipolysis
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Medicine
    Notes: Abstract Variations in total energy intake and composition of daily food play an important role in the regulation of metabolic processes and so, in the control of body weight. This study was designed in order to investigate the effect of a high-fat diet on lipolysis in isolated adipocytes. For this purpose, fourteen Wistar rats were divided into two groups and fed either a standard-fat diet or a high-fat diet ad libitum for 7 weeks. Adipocytes were prepared from fat pads by collagenase digestion and incubated in vitro in the absence or presence of various lipolytic agents. Lipolysis was measured by the release of glycerol into the medium during 90 min of incubation. We observed that a high amount of fat in the diet induced an enlargement of adipose tissue, which was accompanied by a reduction of β-adrenergic agonist-induced lipolysis, that could be due to a loss of β1 and β3-adrenoceptor number or to alterations of their coupling to adenylate-cyclase through the guanine nucleotide regulatory protein. New data about regional differences were provided by comparing two adipose locations (subcutaneous and visceral).
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  • 14
    ISSN: 1436-6215
    Keywords: Key words Wine polyphenols – 8-hydroxy-2'-deoxyguanosine – oxidative damage – 2-nitropropane – 1,2-dimethylhydrazine
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Medicine
    Notes: Summary Background: Flavonoids are polyphenolic antioxidants occuring in vegetables and fruits as well as beverages such as tea and wine which have been thought to influence oxidative damage. Aim of the study: We wanted to verify whether a complex mixture of wine tannins (wine complex polyphenols and tannins, WCPT) prevent chemically-induced oxidative DNA damage in vivo. Methods: Oxidative DNA damage was evaluated by measuring the ratio of 8-hydroxy-2'-deoxyguanosine (80HdG)/ 2-deoxyguanosine (2dG) × 10−6 in hydrolyzed DNA using HPLC coupled with electrochemical and UV detectors. Results: We treated rats with WCPT (57 mg/kg p.o.) for 14 d, a dose 10-fold higher than what a moderate wine drinker would be exposed to. WCPT administration significantly reduced the ratio of 80HdG/2dG × 10−6 in liver DNA obtained from rats treated with 2-nitropropane (2NP) relative to controls administered 2NP only (33.3 ± 2.5 vs. 44.9 ± 3.2 × 10−6 2dG; μ± SE; p〈0.05). On the contrary, pretreatment with WCPT for 10 d did not protect the colon mucosa from oxidative DNA damage induced by 1,2-dimethylhydrazine (DMH). 2NP and DMH are hepatic and colon carcinogens, respectively, capable of inducing oxidative DNA damage. Conclusions: WCPT have protective action against some types of chemically-induced oxidative DNA damage in vivo.
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  • 15
    ISSN: 1436-6215
    Keywords: Key words Anthocyanidins – anthocyanins – comet assay – antioxidative potential – oxidized DNA-bases
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Medicine
    Notes: Summary Anthocyanins are common colored plant flavonoids, occurring as glycosides of the respective anthocyanidin-chromophores. Like other flavonoids, anthocyanidins are also expected to have antioxidative and antimutagenic properties in vivo, although only few data are available. To gain more knowledge on possible protective mechanisms in mammalian cells, we have compared their extracellular and intracellular antioxidative potential in vitro and in human colon tumor cells. We used Aronia melanocarpa Elliot anthocyanin (AA) concentrates, fractions thereof, concentrates from Elderberry, Macqui, and Tintorera fruits, as well as pure compounds. In vitro, antioxidative properties of the samples were studied with the ferric reducing ability assay (FRA assay). As a measure of intracellular oxidative/antioxidative effects, H2O2-induced strand breaks as well as oxidized DNA bases were determined in human tumor HT29 clone 19A cells using a microgelelectrophoresis assay (comet test). Major results were that isolated compounds (aglycons and glycosides) and complex plant samples are powerful antioxidants in vitro. In fact their activities by far exceeded those of Trolox and vitamin C in the FRA assay. Also H2O2-induced DNA strand breaks were reduced in cells treated with the complex plant extracts. In contrast, endogenous generation of oxidized DNA bases was not prevented. In summary, the intracellular steady state of oxidized DNA bases is not altered by anthocyanins or anthocyanidins. This findings raises questions with respect to the cancer preventive potential of anthocyanidins within specific tissues, such as the colon. Extracellularly, however, the compounds are potent antioxidants. This points to their potential for providing systemic protection in vivo, e.g., by scavenging oxidants in the blood stream and in the colon. Notably, both aglycons and glycosides have equally strong antioxidant activity.
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  • 16
    ISSN: 1436-6215
    Keywords: Key words Estrone – estrogen – obesity – dietary estrogen
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Medicine
    Notes: Summary Background Estrone is a relatively abundant hormone widely distributed in tissues of animal and plant origin. It is a mild estrogen that induces increases in body weigt in experimental animals. The relative abundance of estrone esters in animal tissues suggests that it may also be found in foods, from which it may alter the mechanisms of body weight control. Aim of the study To measure the total estrone content in food and to determine whether this may affect body weight. Methods In the first part of the study, a method was devised for the measurement of total estrone content in food. This was applied to the analysis of estrone content in a variety of food. Finally, hyperlipidic diets (18.6 MJ/kg) with a total estrone content 0.89 ± 0.21 μmol/kg (control group) and 1.37 ± 0.13 μmol/kg (laced with estrone fatty esters) were given to rats during 15 days, in order to determine the influence of dietary estrone on the body mass. Zucker lean (Fa/?) rats weighting initially 200–215 g were used. The total estrone (essentially as fatty esters) content of food was investigated by combining a dried methanol extraction with saponification and measurement of the free estrone evolved through radioimmunoassay. Result The content of estrone was zero in some vegetables, but significant in fruits, meats, and especially fats, both of plant and animal origin. The application of these analyses to a standard recommended diet for humans may result in intakes of more than 1 μmol of estrone per day, a figure comparable to the estrogen production by women. When rats were exposed to a raised estrone content in a fat-rich diet, they significantly increased their body weights, doubling their rate off growth (1.99 g/day) compared with controls (0.81 g/day), but maintaining their plasma composition and the proportions of lipid, water, and protein in their carcasses. Conclusion The widely distributed estrone esters in food and their relatively high concentrations may result in high free hormone intakes in humans. The continued and massive intake of estrone may enhance tissue deposition and lead to obesity.
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  • 17
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    European journal of nutrition 38 (1999), S. 295-296 
    ISSN: 1436-6215
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Medicine
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  • 18
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    European journal of nutrition 38 (1999), S. 286-292 
    ISSN: 1436-6215
    Keywords: Key words Plant oils – tocopherols – sister chromatid exchanges
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Medicine
    Notes: Summary Background: Plant fats and oils are major sources of mono- and polyunsaturated fatty acids as well as vitamin E, the major fat-soluble antioxidants in human nutrition. Dietary antioxidants are expected to reduce cancer risk by minimizing DNA damage. Aim of the study: To compare the effects of γ-tocopherol rich corn oil and the mixture of the α-tocopherol rich olive/sunflower oil on plasma concentration of tocopherols and on the frequency of sister chromatid exchange (SCE), an indicator of DNA damage. Methods: This study had a double-blind, cross-over design and was conducted in 20 normal healthy non-smoking males aged 19–31 years. Design included a 2-week adjustment period and two 2-week test periods in which diets containing 30% energy as fat including either 80 g of corn oil (CO) (20 mg α-tocopherol, 100 mg γtocopherol) or 80 g of olive/sunflower oil (OSO) (24 mg α-tocopherol, 2.4 mg γ-tocopherol) as the main fat-source, were given. Blood samples for analysis of SCE rate and content of tocopherols were collected at the beginning (T0), after adjustment (T1) and after the test period (T2) in intervals of 2 weeks. Results: After two weeks of the corn oil diet, the plasma concentration of γ-tocopherol increased but α-tocopherol decreased significantly compared to the olive/sunflower oil diet. The concentration of α-tocopherol increased (CO: 22.99 ± 1.11 vs. OSO: 24.40 ± 1.49 μmol/l) and that of γ-tocopherol decreased (CO: 4.19 ± 0.29 vs. OSO: 2.99 ± 0.25 μmol/l) after the olive/sunflower oil diet. Intake of the corn oil diet was associated with reduced SCE rate and intensity, whereas there was no change in SCE after the olive/sunflower oil diet (CO: 7.66 ± 0.25 vs. OSO: 8.06 ± 0.47 mean SCE/cell). Conclusions: The combination of γ-tocopherol with α-tocopherol in corn oil diet despite the lower α-tocopherol equivalents/diene acid equivalents ratio achieved better protection against DNA damage than α-tocopherol alone in the olive/sunflower oil diet.
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  • 19
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    European journal of nutrition 38 (1999), S. 1-13 
    ISSN: 1436-6215
    Keywords: Key words Pharmacotherapy – obesity – appetite suppressant – thermogenesis
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Medicine
    Notes: Summary Many new substances are currently being investigated for their usefulness in the pharmacotherapy of obesity. Most drugs interfere with monoamine neurotransmitter (serotonin, noradrenalin, dopamine and histamine) effects and act as an appetite suppressant. Other approaches are to primarily increase thermogenesis (e.g. β3-adrenoceptor agonists), or to decrease fat absorption by inhibiting the pancreatic lipase (orlistat). New promising agents are substances that increase the effect of corticotropin releasing factor (CRF) or urocortin in the brain (CRF-binding protein ligand inhibitor) and a neuropeptide Y (NPY) Y5 receptor antagonist. The clinical relevance of leptin in the therapy of obesity is probably limited, but can not be fully evaluated at the moment. As obesity has a multifactorial basis, all these substances have in common the fact that they can not cure obesity. They should only be used as an adjunct to classical strategies like diet and exercise in severe obesity. For developing new, perhaps even more specific pharmacological agents, further research is needed to understand the individually different genetic and physiological basis of obesity.
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  • 20
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    European journal of nutrition 38 (1999), S. 35-44 
    ISSN: 1436-6215
    Keywords: Key words Carotenoids – lycopene – lutein –α-carotene –β-carotene – oxidation – antioxidant – human
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Medicine
    Notes: Summary Aim of the study: The present study was conducted to investigate changes in the plasma concentration of carotenoids and carotenoid oxidation products, vitamin A, α- and γ-tocopherol, and ubiquinone-10 during a dietary intervention trial with 23 male healthy volunteers. Method: A two week carotenoid depletion period was followed by a daily consumption of 330 mL tomato juice (40 mg lycopene), then by 330 mL carrot juice (15.7 mg α-carotene and 22.3 mg β-carotene), and then by a 10 g spinach powder preparation (11.3 mg lutein and 3.1 mg β-carotene) served with main meals for two weeks, respectively. Blood samples were collected in the morning after an overnight fasting and carotenoids, vitamin A, tocopherols, and ubichinone were analyzed by reversed-phase HPLC. Results: During the tomato juice intervention, plasma concentrations of trans- and cis-lycopene increased 2-fold compared to the depletion period. Lycopene oxidation products could be demonstrated in plasma and were significantly elevated compared to control (p〈0.001). After two weeks of carrot juice consumption, α-carotene and β-carotene concentrations increased 8.6- and 3.2-fold, respectively. Finally, during the spinach consumption period the lutein concentration increased 2-fold, while the β-carotene concentrations were still elevated 2-fold. Conclusions: The moderate change in dietary habits, e.g., the consumption of 330 mL of carotenoid-rich vegetable juices caused significant changes in the plasma carotenoid concentrations, indicating a high bioavailability of carotenoids from the processed vegetable products. The changes in plasma carotenoid concentrations reflected the carotenoid composition of the consumed foods. However, particularly during the tomato juice intervention period the occurrence of lycopene oxidation products and cis-lycopene isomers in plasma was eminent. The formation may be due to antioxidant reactions of lycopene in the organism.
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  • 21
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    European journal of nutrition 38 (1999), S. 51-75 
    ISSN: 1436-6215
    Keywords: Key words Iron – bioavailability
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Medicine
    Notes: Summary In this review a broad overview of historical and current methods for the assessment of iron bioavailability was given. These methods can be divided into iron solubility studies, iron absorption studies, endpoint measures, and arithmetic models. The pros and cons of all methods were discussed. First, studies on in vitro and in vivo iron solubility have been described. The disadvantages of iron solubility include the impossibility of measuring absorption or incorporation of iron. Furthermore, only the solubility of nonheme iron, and not heme iron, can be studied. Second, we focused on iron absorption studies (either with the use of native iron, radioiron or stable iron isotopes), in which balance techniques, whole-body counting or postabsorption plasma iron measurements can be applied. In vitro determination of iron absorption using intestinal loops or cell lines, was also discussed in this part. As far as absorption studies using animals, duodenal loops, gut sacs or Caco-2 cells were concerned, the difficulty of extrapolating the results to the human situation seemed to be the major drawback. Chemical balance in man has been a good, but laborious and expensive, way to study iron absorption. Whole-body counting has the disadvantage of causing radiation exposure and it is based on a single meal. The measurement of plasma iron response did not seem to be of great value in determining nutritional iron bioavailability. The next part dealt with endpoint measures. According to the definition of iron bioavailability, these methods gave the best figure for it. In animals, the hemoglobin-repletion bioassay was most often used, whereas most studies in humans monitored the fate of radioisotopes or stable isotopes of iron in blood. Repletion bioassays using rats or other animals were of limited use because the accuracy of extrapolation to man is unknown. The use of the rat as a model for iron bioavailability seemed to be empirically based, and there were many reasons to consider the rat as an obsolete model in this respect. The double-isotope technique was probably the best predictor of iron bioavailability in humans. Disadvantages of this method are the single meal basis and the exposure to radiation (as far as radioisotopes were used). Finally, some arithmetic models were described. These models were based on data from iron bioavailability studies and could predict the bioavailability of iron from a meal.
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  • 22
    ISSN: 1436-6215
    Keywords: Key words Obesity – oleoyl-estrone – leptin – Zucker fa/fa rat – white adipose tissue
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Medicine
    Notes: Summary Background: Oleoyl-estrone elicits powerful slimming effects on lean and obese rats, sparing protein, lowering appetite and maintaining energy expenditure. Leptin synthesis is markedly reduced by oleoyl-estrone. However, this effect is not observed in the obese Zucker fa/fa rats; these rats do not fully respond to leptin but they lose fat under oleoyl-estrone treatment. Aim of the study: To determine the role of leptin in the conversion of estrone to fatty-acyl estrone in white adipose tissue both in vivo in Zucker lean and obese rats, and in vitro. Methods: Two series of experiments were performed: a) Growth and differentiation of 3T3L1 preadipocytes into adipocytes followed by incubation with tritium-labeled estrone in the medium in the presence / absence of 1 nM leptin, and estimation of the incorporation of label into estrone and estrone ester fractions of cell extracts. b) Zucker lean (Fa/?) [ZL] and obese (fa/fa) [ZO] rats were injected i.v. with carrier-free oleoyl-estrone in chylomicra-sized liposomes, then euthanized after 10 min. Free and esterified estrone were measured in blood, liver, muscle, skin, white adipose tissue (WAT), and brown adipose tissue(BAT). Results: In the first study, in a 72-h incubation, adipocytes took up 20-27% of the medium estrone. In the leptin(−) controls, 47% of the label in the cell fraction was in the form of estrone esters and 45% as free estrone; in the leptin (+) cells, 71% of the label was in the estrone ester fraction and 24% was free estrone. In the second study, a large part of the injected tritium-label remained in the ZO blood, with only a small part remaining in ZL. In ZL 39% of the label was found in the tissues in the form of free estrone, and in ZO only 22%; in both cases about half of it was in WAT. Plasma free estrone levels were 0.3±0.1 nM in ZL and 0.5±0.3 nM in ZO, and esterified estrone was 242±99 nM for ZL and 201±29 nM for ZO. Plasma leptin levels were 1.73±0.16 ng/ml in ZL and 61.0±1.4 ng/ml in ZO. Conclusion: The presence of an intact leptin pathway is critical for the uptake and synthesis of estrone esters as well as for the plasma acyl-estrone turnover. The presented results show a direct relationship between oleoyl-estrone and leptin in the WAT. A fully functional leptin pathway is needed for the synthesis of acyl-estrone and the removal of free estrone from the bloodstream, as well as for the disposal of excess circulating oleoyl-estrone. This has a direct bearing on human and animal obesity, since estrone induces increases in fat deposition.
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    European journal of nutrition 38 (1999), S. 143 
    ISSN: 1436-6215
    Keywords: Key words Phytoestrogen – cholesterol – DNA damage – comet assay – antioxidant
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Medicine
    Notes: Summary Background: Phytoestrogens are a major component of Asian diets and may be protective against certain hormone-dependent cancers (breast and prostate) and coronary heart disease. They may also have antioxidant function in scavenging potentially harmful free radicals and thus decreasing oxidative attack on DNA. Aims of the study: A pilot study to determine the effects of a phytoestrogen supplement, in the form of soy milk, on plasma LDL and HDL cholesterol levels and DNA damage in men. Methods: Ten healthy men participated in the study and were assigned to one of three groups consuming 1 litre of either soy milk, rice dream (vegetable protein control) or semi-skimmed cow's milk (animal protein control) each day for 4 weeks. Results: The soy supplement caused significant increases in plasma genistein and daidzein concentrations despite considerable interindividual variation (P〈0.001). Supplementation with soy resulted in a decrease in oxidative damage to DNA bases detected using the comet assay compared with controls (P〈0.05). However, there was no significant effect of the soy supplement on plasma cholesterol or triglyceride levels in comparison with control groups. Conclusions: A 4 week soy milk supplementation in healthy volunteers does not alter serum cholesterol levels but can have a protective effect against oxidative DNA damage in lymphocytes.
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  • 24
    ISSN: 1436-6215
    Keywords: Key words green tea – linoleic acid – antioxidants – lipid peroxidation – hemostasis
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Medicine
    Notes: Summary Background: Green tea contains polyphenolic catechins which can act as antioxidants and thus decrease the risk for cardiovascular diseases. Aim of the study: To investigate whether green tea extract differs from placebo in its effects on markers of antioxidant status, lipid peroxidation, nitric oxide production, thromboxane production, and blood coagulation during a controlled high linoleic acid diet in healthy subjects. Methods: Twenty healthy non-smoking females (23–50 years) participated in a 4-week controlled intervention study. The experimental diet was rich in linoleic acid (9 en%) and contained fat, protein and carbohydrates: 27, 14, and 59 en%, respectively. In addition, the subjects ingested encapsulated green tea extract (3 g/d) or placebo mixture in a double-blind manner. Fasting blood samples and five 24-hour urines were collected before and at the end of the 4-week experimental period. Same samples were received from 10 control subjects. Results: Green tea extract significantly decreased plasma malondialdehyde (MDA) concentration in comparison with the placebo treatment. The treatments did not differ in serum lipids, indicators of antioxidant status, urinary 8-iso-prostaglandin F2α, 2,3-dinor-thromboxane B2, nitric oxide metabolites or coagulation indicators. Conclusions: We conclude that an amount of green tea extract which corresponds to 10 cups of tea per day for 4 weeks does not have specific effects on several indicators related to risk of cardiovascular diseases in comparison with placebo treatment. The relatively small but significant decrease in lipid peroxidation indicated by decreased plasma MDA was not associated with changes in markers of oxidative stress (urinary 8-iso-prostaglandin F2α and blood oxidized glutathione) or hemostasis.
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  • 25
    ISSN: 1436-6215
    Keywords: Key words Long chain polyunsaturated fatty acids – peroxidation – vitamin E – weanling rats
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Medicine
    Notes: Summary Background: Tissue 10:4(n-6) and 22:6(n-3) status have been correlated with neonatal development and growth. Artificial formulas for neonates have been supplemented with long chain polyunsaturated fatty acids (LCP) from animal and marine sources which may enhance sensitivity of cellular membranes to oxidative damage. Diet-derived antioxidants like vitamin E play a key role in the protection of tissue lipids against oxidation. Aim of the study: We seek to determine the influence of dietary vitamin E on tissue sensitivity to oxidative stress in rats fed for 4 weeks on diets enriched in (n-3) and (n-6) long-chain polyunsaturated fatty acids. Methods: Weanling rats received 10% fat diets that provided 18:1(n-9), 18:2(n-6) and 18:3(n-3) in a similar ratio to that of rat milk (group A), supplemented with fish oil (groups B and B+E) and supplemented with (n-6) and (n-3) LCP from an animal phospholipid concentrate (groups C and C+E). Vitamin E (500 mg vitamin E/kg fat) was added to diets B+E and C+E. Tissue fatty acid content and the activities of catalase, superoxide dismutase, glutathione transferase und glutathione peroxidase in liver and brain were measured. Glutathione status, vitamin E and the production of thiobarbituric acid reactive substances (TBARs) after incubation of erythrocyte, liver and brain lipids with inducers of enzymatic or non-enzymatic lipid peroxidation was measured. Results: Group B registered significantly lower total superoxide dismutase acitvity than group B+. Catalase activity was significantly higher in group C than in group C+E. Hepatic total and reduced glutathione levels were decreased in vitamin E supplemented groups compared to unsupplemented ones. TBARs production in erythrocyte lipids was significantly higher in groups B and C compared to vitamin E supplemented groups B+E and C+E. Conclusions: This study shows that the addition of vitamin E protected erythrocyte and liver microsome lipids enriched in (n-3) and (n-6) LCP from lipid peroxidation during the postnatal development of rats. The protection was more effectively in group C+E than in group B+E.
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  • 26
    ISSN: 1436-6215
    Keywords: Key words Children – adolescents – nutrition counselling – dietary evaluation – scores
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Medicine
    Notes: Summary An intervention study by documented dietary counselling was carried out in a sample of 9 children and adolescents (12–,15 years) living in a full-time institution in Dortmund. Three weighed dietary records were collected over 3–7 days, one before and one after each of two individual nutrition counselling sessions, which were based on the recommended intake of food groups defined by the Optimized Mixed Diet (OMD), a quantitative preventive dietary conception for children and adolescents. As univariate dietary parameters (e.g., cholesterol intake), which are often used to show the effectiveness of nutrition counselling, do not take into account the multivariate complexitiy of nutrition, we developed 3 multivariate scores to measure the effectiveness of nutrition counselling. The are definded as: Recommended Food group change Score (RFS): Average change in the amounts of the deviations (%) from the reference food groups values (OMD = 100 %) before and after counselling taking into account the aim (eat mor/less) of the counselling session, exclusively based on the food groups addressed during counselling. Total Food group change Score (TFS): Average change in the amounts of the deviations (%) from the reference food group values (OMD = 100 %) before and after counselling based on all food groups consumed. Nutrient Improvement Score (NIS): Average change in the negative deviations (%) of 8 vitamins and 8 minerals from the German reference values for nutrient intake (Deutsche Gesellschaft für Ernährung (DGE) = 100 %) before and after counselling. On average, the intakes of the food groups mentioned during the first counselling session improved considerably (RFS = +36 %), the change in the intake of all food groups was small (TFS = +6 %) and the nutrient intakes did not improve (NIS = 0 %). From the second counselling session the values of the RFS was +10 %, of the TFS was +6% and of the NIS +3 %. This means that the success of counselling on one dietary criterion does not guarantee success on others. Our food and nutrient based scores together with a detailed food intake assessment give an example of multivariate measurements of nutrition counselling outcomes.
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    European journal of nutrition 38 (1999), S. 218-226 
    ISSN: 1436-6215
    Keywords: Key words Sugar alcohol – lactitol – breath hydrogen – lactose malabsorption – gastrointestinal symptons – diarrhea
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Medicine
    Notes: Summary The hydrogen breath analysis test was performed in healthy Thai adults to determine lactitol tolerance. The study was conducted in 39 individuals (11 males and 28 females) aged 18–41 years. All volunteers agreed to participate in this study after the risks and benefits had been fully explained. Subjects were requested not to consume milk, milk products, or high-vegetable diets for a day and to fast from 10 p.m. of the day preceding the test day. After consumption on the test diet (12 and 20 g of lactose or lactitol, respectively, in 250 mL water), the subjects recorded the severity of symptoms for 24 hours. Breath samples were collected after fasting and after consumption of the test diet at 30 min intervals over the 7-hour study period. Breath samples were analyzed for hydrogen using gag chromatography. After consumption of 12 g lactose, the prevalence of lactose malabsorbers was established. The increment of a peak breath hydrogen level of ≥ 20 ppm above the baseline level was used as an indicator of lactose malabsorption. The lactose malabsorbers were further classified as lactose tolerants or lactose intolerants according to the gastrointestinal symptoms observed. All 39 healthy Thai adults could be classified into 3 groups as follows: 9 (23%) lactose absorbers (LA), 15 (38.5%) lactose malabsorber/tolerants (LMT) and 15 (38.5%) lactose malabsorber/intolerants (LMI). Using the hydrogen breath test, 67% of the subjects were identified as lactitol intolerants after the consumption of 12 g lactitol. The lactitol intolerants comprised 53.8% of LMI, 34.6% of LMT, and 11.5% of LA. Among all subjects, one third of LA (33%), two thirds of LMT (60%), and 93% of LMI were lactitol intolerant. In addition, gastrointestinal symptoms such as flatulence and abdominal pain were most pronounced in LMI. Diarrhea was also a prominent manifestation after consumption of 12 g lactitol. Therefore, it was finally decided that 20 g lactose or lactitol were not given to LMI because of the risk of gastrointestinal symptoms. After high doses (20 g) of lactose and lactitol consumption, most LMT developed more symptoms than did LA and the main symptom was diarrhea. Consumption of 20 g lactose resulted in fewer symptoms than 20 g lactitol in both LA and LMT. On the basis of the hydrogen breath test, most LA tolerated 12 g lactitol without gastrointestinal symptoms except some flatulence whereas most LMT and LMI did not. Twenty g lactitol was not tolerated by both LA and LMT because there was diarrhea among the subjects, especially in LMT. Although the hydrogen breath analysis test is the best method for identification of lactose malabsorption, it is not the best method to identify lactitol intolerance. A hydrogen concentration of 15 ppm above the baseline level was found to be the best cut-off point to indicate lactitol intolerance although sensitivity was 85% and specificity only 38% in this study. It was further concluded that there is a greater susceptibility to lactitol in human lactose malabsorbers than in lactose absorbers. Our findings might be relevant for the limited use of lactitol in Thailand.
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  • 28
    ISSN: 1436-6215
    Keywords: Key words Ergogenics – amino acids – exercise – arginine aspartate
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Medicine
    Notes: Summary Background: Athletes consume arginine and/or aspartate as potential nutritional ergogenics. Their metabolic effects are controversial and there is some evidence that ingestion of large doses of single amino acids can adversely affect the nitrogen balance or induce an amino acid imbalance. Nevertheless, the general metabolic influence of an arginine aspartate supplementation during a prolonged exercise bout has not yet been investigated. Aim of the study: The aim of this study was, therefore, to investigate the general metabolic impact of a chronic supplementation with arginine aspartate in endurance-trained athletes at rest and during a marathon run. Methods: Fourteen endurance-trained runners participated in this field study which was carried out according to a double-blind crossover design. 15 g of arginine aspartate or a carbohydrate-based placebo were supplemented daily for 14 days before a marathon run. Blood samples for analysis of metabolites and hormones were collected shortly before the run, after 31 km, at the end of the run, and after a recovery period of two hours. Additionally, the respiratory exchange ratio was determined during the run. Results: The plasma level of carbohydrate (glucose, lactate, pyruvate) and fat metabolites (fatty acids, glycerol, β-hydroxybutyrate), cortisol, insulin, ammonia, lactate dehydrogenase, and creatine kinase as well as the respiratory exchange ratio were unaffected by the supplementation. In contrast, the plasma level of somatotropic hormone, glucagon, urea, and arginine were significantly increased, and the level of most of the remaining plasma amino acids as well as their sun was significantly reduced. Conclusions: There was no obvious metabolic benefit derived from the chronic supplementation with arginine aspartate. And since furthermore the consequences of a reduction of the total plasma amino acid level are not known, the practice of using single amino acid supplements as potential ergogenics should be critically reevaluated.
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  • 29
    ISSN: 1436-6215
    Keywords: Key words Conjugated linoleic acid – hormones – metabolites – lipoproteins – fatty acids – swine
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition , Medicine
    Notes: Summary Background: Conjugated linoleic acids (CLA)# refer to a group of linoleic acid (18:2)-derived isomers with conjugated double bonds mostly at carbon atoms 9 and 11 or 10 and 12, and with all possible cis and trans combinations. CLA is a newly recognized nutrient that functions to regulate energy retention and metabolism and that causes a serum lipoprotein profile considered to be less atherogenic. However, rodent models that have been frequently used for these studies are only of limited use because of distinct differences in physiology, compared with man. Additionally, possible differences in food intake between the experimental groups remained often unconsidered in those studies. Thus, it can not be excluded that the beneficial effects of CLA reported in a series of studies may be due, at least partially, to differences in nutrient and energy ingested. Aim of the study: This prompted us to undertake an investigation on the action of CLA by using a pig model and a feeding regimen with controlled amounts of food and antioxidants. The parameters used to assess CLA-specific action were selected hormones and metabolites involved in energy metabolism, individual lipoproteins and the appearance of CLA in fasting serum and erythrocyte membranes. Blood as an easily available biological sample was used for investigation. Methods: For that purpose 16 adult female pigs were divided into two groups of 8 each, and were isoenergetically fed diets containing 0 (control diet) or 1% level of CLA (by weight) for 6 weeks. Plasma concentrations of total and free thyroxine (T4), total and free triiodothyronine (T3), and insulin were measured by radioimmunoassays. Plasma non-esterified fatty acids (NEFA), β-hydroxybutyrate, circulating blood ATP and other clinical chemical variables were determined using enzymatic assays. The concentration of α-tocopherol was determined by high perfomrance liquid chromatography. The lipoproteins VLDL (density 〈1.019 kg/L), LDL (density 1.019 – 1.063 kg/L), and HDL (density 〉1.063 kg/L) were isolated by step-wise ultracentrifugation. Fatty acids of the dietary oils, serum and blood cell membranes were separated and quantified by gas chromatography. Results: At week 6, body weights of the pigs fed the CLA-supplemented diet were not different from that of the controls. CLA-treated pigs exhibited a 37% higher concentration of fasting serum insulin than their controls receiving no CLA (P = 0.11). Circulating free and total T4 and T3 as well as serum levels of β-hydroxybutyrate, α-tocopherol, protein, glucose, urea, creatinine and circulating blood ATP remained unaffected by CLA supplementation. Serum concentrations of non-esterified fatty acids were reduced by 38% in CLA-treated pigs relative to the controls, although this difference was not significant. CLA-treated pigs tended to have lower leukocyte counts in blood than their controls (P 〈0.1). Erythrocyte and platelet counts, the hematocrit and hemoglobin concentration were similar between the groups. Serum of CLA-treated pigs showed a trend toward increased levels of triacylglycerols, cholesterol and phosphatidylcholine in the very low density and low density lipoproteins (LDL), without distinct changes in the high density lipoprotein fraction (HDL). The LDL cholesterol to HDL cholesterol ratio was significantly increased by CLA. When pigs were fed CLA at a dietary level of 1%, limited proportions of CLA appeared in fasting serum (1.6%) and erythrocyte membranes (1.1%). Conclusions: Under the present experimental conditions there appeared to be parallels between the effects of CLA and the reported effects of trans fatty acids in the mode of action on lipoproteins and insulin. The failure to demonstrate significant beneficial effects of CLA on the lipoprotein profile which have been observed in other studies requires further research.
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    OR spectrum 21 (1999), S. 1-2 
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    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
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    OR spectrum 21 (1999), S. 5-8 
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    Topics: Mathematics , Economics
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    OR spectrum 21 (1999), S. 9-34 
    ISSN: 1436-6304
    Keywords: Key words: Arbitrage – Interest rates – Term structure ; Schlüsselwörter: Arbitrage – Zinssätze – Zinsstruktur
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Description / Table of Contents: Zusammenfassung. Die Arbeit stellt eine leicht verallgemeinerte Fassung des bekannten Zinsstrukturmodells von Ho und Lee vor. Das ursprüngliche Modell wird auf der Basis der Methode des stochastischen Diskontierens rekonstruiert; der Grenzübergang zu stetiger Zeit wird mit vergleichbaren Resultaten zu Heath, Jarrow und Morton untersucht. Im Gegensatz zur verbreiteten Literatur verwendet der vorliegende Ansatz die empirischen statt der risikoneutralisierenden Wahrscheinlichkeiten. Infolgedessen spielt die Risikoaversion des Marktes eine besondere Rolle für den Zinsprozess.
    Notes: Abstract. The paper gives a slightly generalised version of the well–known Ho–Lee–model of the term structure of interest rates. The Ho–Lee–model is reconstructed by the method of stochastic discounting; continuous time limits are considered which are parallel to the work of Heath, Jarrow and Morton. In contrast to the existing literature the model makes explicit use of the empirical rather than the risk–neutralized probabilities. Consequently, the market's risk aversion plays a specific role in the resulting interest rate process.
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    OR spectrum 21 (1999), S. 3-4 
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    Topics: Mathematics , Economics
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  • 34
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    OR spectrum 21 (1999), S. 123-146 
    ISSN: 1436-6304
    Keywords: Key words:Portfolio optimisation – Continuous trading – Option pricing – Complete markets – trading constraints ; Schlüsselwörter: Portefeuilleoptimierung – Zeitstetiger Handel – Optionsbewertung – Vollständige Märkte – Handelsbeschränkungen
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Description / Table of Contents: Zusammenfassung. Wir präsentieren einen Erwartungsnutzenansatz zur optimalen Steuerung eines aus Optionen bestehenden Portefeuilles. Die Kombination des Replikationsansatzes der klassischen Optionsbewertungstheorie mit dem Martingalansatz zur Portefeuilleoptimierung führt zu expliziten Lösungen des Optionsportefeuilleproblems. Wesentliche Lösungseigenschaften werden anhand von Beispielen erhellt. Wir benutzen diese Lösungsmethode zur Bestimmung einer optimalen Portefeuille- und Konsumstrategie eines Investors, der verpflichtet ist, eine vorgegebene Aktienposition bis zum Planungshorizont zu halten.
    Notes: Abstract. We present an expected utility maximisation framework for optimally controlling a portfolio of options. By combining the replication approach to option pricing with ideas of the martingale approach to (stock) portfolio optimisation we arrive at an explicit solution of the option portfolio problem. Its characteristics are illustrated by some specific examples. As an application, we calculate an optimal option and consumption strategy for an investor who is obliged to hold a stock position until the time horizon.
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    OR spectrum 21 (1999), S. 81-96 
    ISSN: 1436-6304
    Keywords: Schlüsselwörter: Insiderhandel – Asymmetrische Information – Marktliquidität – Noise ; Key words: Insider trading – Asymmetric Information – Market liquidity – Noise
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Description / Table of Contents: Abstract. This paper focuses on insider trading and its effect on market liquidity and information efficiency. The insider follows an intertemporal trading strategy. We start with the model of Kyle 1985. This model is extended to the case that the date at which insider information becomes public is uncertain. The analysis yields plausible results: When the probability of an earlier publication date increases, the insider trades more and the price reflects more information. Interestingly enough, the market liquidity decreases.
    Notes: Zusammenfassung. Der Beitrag beschäftigt sich mit Wirkungen des Insiderhandels auf die Liquidität und Informationseffizienz von Finanzmärkten. Im Vordergrund steht die intertemporale Handelsstrategie eines monopolistischen Insiders. Ausgangspunkt ist ein grundlegendes Modell von Kyle 1985. Es wird um den Aspekt erweitert, daß der Zeitpunkt der Veröffentlichung der Insiderinformation nicht mehr sicher ist und die Insiderinformation in einem frühen oder einem späten Zeitpunkt veröffentlicht werden könnte. Die Analyse weist plausible Ergebnisse nach: Je wahrscheinlicher der frühe Veröffentlichungszeitpunkt ist, desto intensiver handelt der Insider und desto mehr spiegelt der Kurs die Insiderinformation wider. Gleichzeitig sinkt aber die Marktliquidität. Der komparativ-statische Vergleich zeigt also, daß sich Handelsintensität des Insiders und Marktliquidität in unterschiedliche Richtungen verändern können.
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    OR spectrum 21 (1999), S. 147-181 
    ISSN: 1436-6304
    Keywords: Schlüsselwörter: Optionsbewertung – Barrier-Optionen – Numerische Bewertungsverfahren – Binomialmodell – Trinomialmodell ; Key words: Option pricing – Barrier options – Numerical procedures – Binomial model – Trinomial model
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Description / Table of Contents: Abstract. This paper investigates the pricing of discrete knock-out options with tree methods. As is well known, the naive application of the binomial model can result in erroneous prices, even if the number of time steps is large. We develop a correction technique for the binomial and trinomial model which is applicable to a wide range of barrier options. The results of our simulations show that, using this technique, a small number of time steps suffices to obtain accurate option prices. According to the accuracy and speed criteria the modified tree method turns out to be superior to a commonly used version of the trinomial model serving as our benchmark (e.g. Tian, 1997).
    Notes: Zusammenfassung. Diese Arbeit behandelt die Bewertung diskreter Knock-Out-Optionen mit Hilfe von Baumverfahren. Die naive Anwendung der Baumverfahren kann bekanntermaß en zu erheblichen Bewertungsfehlern führen. In Anlehnung an einen Vorschlag von Derman et al. (1995) für kontinuierliche Knock-Out-Optionen entwickeln wir für den diskreten Fall ein erweitertes Korrekturverfahren, das sowohl auf das Binomial- als auch das Trinomialmodell anwendbar ist und sich durch eine große Flexibilität auszeichnet. Die Ergebnisse der abschließenden Simulation zeigen, daß die hier vorgestellten Modelle schon bei geringer Baumtiefe sehr genaue Optionspreise liefern.
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  • 37
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    OR spectrum 21 (1999), S. 205-238 
    ISSN: 1436-6304
    Keywords: Schlüsselwörter: Genetische Programmierung – Implizite Volatilität – Optionsbewertung – Heuristik ; Key words: Genetic programming – Implied volatility – Option valuation – Heuristic
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Description / Table of Contents: Abstract. In established option valuation models all parameters except for the volatility can be observed from market data. The volatility can be calculated either from historical data (historical volatility) or implicitly by using the current option price in the valuation model (implied volatility). However, calculating the exact implied volatility manually is error–prone and spreadsheet implementations are cumbersome. Therefore analytical approximations are applied more often for determining the implied volatility. In this paper we derive analytical approximations for calculating the implied volatility using the genetic programming approach. Applying our approximations to experimental data sets we can show that the geneticly determined formulas outperform other formulas presented in the literature.
    Notes: Zusammenfassung. Ein Vorteil bei den heute etablierten Ansätzen zur Bewertung von Optionen ist darin zu sehen, daß im Bewertungszeitpunkt mit Ausnahme der Volatilität des Basisobjekts alle Parameter direkt am Markt beobachtet werden können. Die Volatilität wird entweder auf der Basis historischer Daten geschätzt (historische Volatilität) oder über die relevante Bewertungsgleichung bestimmt, indem der zuletzt am Markt beobachtete Optionspreis in die Bewertungsgleichung eingesetzt und daraus die Volatilität errechnet wird (implizite Volatilität). Die exakte Ermittlung der impliziten Volatilität kann jedoch bei umfangreichen Datensätzen mit unangenehmen Voraussetzungen verbunden sein (z.B. Programmierkenntisse), sodaß häufig analytische Approximationen eingesetzt werden. Im vorliegenden Beitrag werden analytische Approximationen zur Bestimmung der impliziten Volatilität ermittelt, wobei als in diesem Zusammenhang neues methodisches Werkzeug die Genetische Programmierung zum Einsatz kommt. Auf der Basis umfangreicher Datensätze und einer systematischen Analyse wird gezeigt, daß die genetisch bestimmten Näherungsformeln alternative, in der Literatur vorgestellte Approximationsformeln dominieren und zu signifikanten Verbesserungen bei der approximativen Bestimmung der impliziten Volatilität führen.
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  • 38
    ISSN: 1436-6304
    Keywords: Schlüsselwörter: Value-at-Risk – Value-at-Risk-Limit – Quadratwurzel-T-Regel ; Key words: Value-at-Risk – Value-at-Risk-Limit – Square root of time rule
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Description / Table of Contents: Abstract. Value-at-Risk limits shall be used for allocating capital within financial institutions. Commonly the management decides on an annual basis about the amount of capital a stock trader can loose with a prespecified probability within the year. Since the holding period for trading business is much shorter (we assume a day), the annual limit is transformed into a daily VaR limit by the “square root of time” rule. In particular, we explore three different Value-at-Risk-Limits. The first limit is called “fixed limit” The trader has the same limit each day the year. The second limit is called “stop loss limit” because realized losses during the year reduce trader's daily limit. Third, the “dynamic limit” differs from the “stop loss limit” in that realized profits can increase the daily limit. We show in a simulation study for real german stock returns from 1974–1995 that the “fixed limit” outperforms the “stop loss limit”. It yields slightly higher profits combined with a smaller standard deviation. Under the “dynamic limit” a trader can earn higher annual profits, but the standard deviation and the probability of losses increase as well. The frequency of violations of the annual VaR limit is much smaller than the expected probability. This shows that the application of the “square root of time” rule leads to an overestimation of risk on an annual basis.
    Notes: Zusammenfassung. Ein Value-at-Risk-Limit wird als DM-Betrag gekennzeichnet, der von den tatsächlichen Handelsverlusten innerhalb einer bestimmten Zeitdauer nur mit geringer Wahrscheinlichkeit überschritten werden darf. Da der Bankvorstand i.d.R. Jahres-Value-at-Risk-Limite beschließt, im Handelsbereich die Geschäfte aber für einen kurzfristigen – unterstellt wird ein eintägiger – Planungshorizont abgeschlossen werden, ist zu klären, wie Jahreslimite in Tageslimite umgerechnet und während des Jahres realisierte Gewinne und Verluste auf die Limite angerechnet werden können. Auf der Grundlage des Umrechnungsverfahrens nach der Quadratwurzel-T-Formel lassen sich drei Verfahren für die Ermittlung des Tageslimits unterscheiden: 1. Realisierte Gewinne und Verluste werden nicht angerechnet (starres Limit). 2. Bei Verlusteintritt vermindert sich das Tageslimit für die Restperiode, realisierte Gewinne machen Kürzungen rückgängig (Verlustbegrenzungslimit). 3. Tageslimite werden um Gewinne und Verluste angepaßt, wodurch eine Erweiterung des Handlungsspielraumes möglich ist (dynamisches Limit). Die drei Limite werden in einem Simulationsmodell gegeneinander abgewogen, wobei unterstellt wird, ein Händler handle nur eine einzige Aktie und antizipiere in 55% der Fälle die Kursrichtung. Die Simulationsergebnisse sind bei den unterstellten Renditeprozessen (geometrisch Brownsche Bewegung und reale Renditen von 77 deutschen Aktien für die Zeit vom 01.01.1974 bis 31.12.1995) weitgehend identisch. Das dynamische Limit produziert deutlich höhere durchschnittliche Ergebnisse als das starre Limit und das Verlustbegrenzungslimit. Überschreitungen des Jahreslimits treten nur beim starren Verfahren auf, die Häufigkeit ist allerdings wesentlich geringer als die zulässige Wahrscheinlichkeit von 1%.
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    OR spectrum 21 (1999), S. 331-359 
    ISSN: 1436-6304
    Keywords: Key words: Inventory – Multi-echelon – Divergent – Allocation – Random lead times ; Schlüsselwörter: Lagerhaltung – Mehrstufig – Divergierend – Allokation – Unsichere Wiederbeschaffungszeiten
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Description / Table of Contents: Zusammenfassung. Die Arbeit behandelt das Problem des Bestandsmanagements in mehrstufigen, divergierenden Lagerhaltungssystemen mit stochastischen Wiederbeschaffungszeiten. Die Steuerung erfolgt mittels einer systemweiten Bestellgrenzenregel bei periodischer Kontrolle. Es wird ein Verfahren zur Bestimmung von Bestellgrenzen und Allokationsparametern zur Einhaltung vorgegebener ( $\beta$ -) Servicegrade konstruiert. Ausführliche numerische Untersuchungen zeigen die zufriedenstellende Genauigkeit der heuristischen Vorgehensweise. Weiterhin wird gezeigt, daß die Variabilität der Wiederbeschaffungszeiten einen erheblichen Einfluß auf die erforderlichen Bestände haben kann und nicht vernachlässigt werden darf. Außerdem zeigt sich, daß die Korrelationsstruktur in den Wiederbeschaffungszeiten ebenfalls von erheblicher Bedeutung sein kann.
    Notes: Abstract. This paper deals with integral inventory control in multi-echelon divergent systems with stochastic lead times. The policy considered is an echelon stock, periodic review, order-up-to (R, S) policy. A computational method is derived to obtain the order-up-to level and the allocation fractions required to achieve given target fill rates. Extensive numerical experimentation shows that the accuracy of our approximate method is satisfactory. Further we show that variation in the lead times may have a significant effect on the stock levels required to achieve given target fill rates, hence this variation may not be ignored. Also, it appears that the correlation structure in the lead times may have a significant impact as well.
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    OR spectrum 21 (1999), S. 419-427 
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    OR spectrum 21 (1999), S. 477-492 
    ISSN: 1436-6304
    Keywords: Key words: Flow-shop-scheduling – Machine repetition – Overlapping processing times ; Schlüsselwörter: Flow-Shop-Reihenfolgeplanung – Maschinenwiederholung – Offene Produktion
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Description / Table of Contents: Zusammenfassung. Diese Arbeit beschäftigt sich mit einem 2-Maschinen-Reihenfolgeproblem mit offener Produktion und Maschinenwiederholung. Obwohl die Struktur des untersuchten Problems vergleichsweise einfach erscheint, gehört es doch in die Klasse der NP-vollständigen Probleme. Unter Anwendung des seit Johnson wohlbekannten Konzepts der dominierenden Bearbeitungszeiten bzw. dominierten Maschinen werden Bedingungen abgeleitet, die zykluszeitminimale Reihenfolgen in polynomialer Zeit zu ermitteln gestatten. Damit wird nicht nur eine optimale Lösung für das untersuchte Problem vorgelegt, sondern darüber hinaus werden einige bekannte Aussagen von Johnson auf komplexere Produktionsumgebungen erweitert.
    Notes: Abstract. This paper is concerned with a two-machine sequencing problem with overlapping processing times and machine repetition. Though its structure appears comparatively simple the problem under consideration belongs to the class of NP-complete problems. Based on the (well-known) concept of dominating processing times / dominated machines conditions are identified which permit the construction of solutions minimising the maximum flow-time within polynomial time. Besides providing a solution to the investigated problem this paper also extends some famous results by Johnson to more complex production environments.
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    OR spectrum 21 (1999), S. 493-502 
    ISSN: 1436-6304
    Keywords: Schlüsselwörter: Multiplikator-Rundungsmethoden – Nachbildung von Aktienindizes – Portfoliobildung ; Key words: Multiplier rounding methods – Full replication of stock indices – Portfolio selection
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Description / Table of Contents: Summary. For full replication of a stock index one has to multiply the weights of the index with the desired index multiple in order to receive the corresponding share volumes. If rounding of the theoretical values is done the usual way, the desired replication result is missed to an extent greater than necessary. This paper presents an easy-to-implement algorithm based on a multiplicator rounding method which is suited to cope with the problem. As an application it is shown how this algorithm can be utilized to solve the rounding problem arising from full replication of the German Stock Index (DAX). Trading restrictions of the German Xetra system are also considered. The algorithm often cuts down the replication error and thus also the tracking error to a small fraction of the value achieved by ordinary rounding.
    Notes: Zusammenfassung. Um einen Aktienindex exakt nachzubilden, muß man die Gewichtungsfaktoren des Indexes mit dem gewünschten Index-Vielfachen multiplizieren und erhält so die Anzahlen der jeweils zu haltenden Aktien. Rundet man diese Anzahlen auf herkömmliche Art, so weicht man vom gewünschten Nachbildungsergebnis häufig weiter als nötig ab. In dieser Arbeit wird ein leicht zu implementierender Algorithmus vorgestellt, der dieses Problem auf Basis einer Multiplikator-Rundungsmethode löst. Als konkretes Anwendungsbeispiel wird gezeigt, wie man dieses Verfahren beim Nachbilden des Deutschen Aktien-Indexes (DAX) anwenden kann. Dabei finden auch im Xetra-Handel übliche Stückzahlrestriktionen Berücksichtigung. Der Algorithmus reduziert den Nachbildungsfehler und damit auch den daraus resultierenden Tracking-Error auf einen Bruchteil des Wertes, den man bei herkömmlicher Rundung erhält.
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    OR spectrum 21 (1999), S. 503-523 
    ISSN: 1436-6304
    Keywords: Schlüsselwörter: Mischungsoptimierung – Lineare Optimierung – Goal-Programming – Anwendungen – Fleischverarbeitende Industrie ; Key words: Blending problems – Linear programming – Goal programming – Applications – Meat processing industry
    Source: Springer Online Journal Archives 1860-2000
    Topics: Mathematics , Economics
    Description / Table of Contents: Abstract. A traditional OR technique (linear programming) has been joined with modern information technology in order to develop a planning system for sausage blending. This system, which is used on the shop floor by a non-specialist of OR, has not only contributed significantly to cost reduction but also to quality improvement.
    Notes: Zusammenfassung. In der vorliegenden Fallstudie aus der fleischverarbeitenden Industrie wird gezeigt, wie sich traditionelle Methoden des Operations Research, nämlich Standardansätze der Mischungsoptimierung, unter Verwendung moderner Informationstechniken so aufbereiten lassen, da{ß} sie auch von einem nicht mit OR-Methoden vertrauten Benutzer eingesetzt werden können. Die entwickelte Software erweist sich dabei gegenüber dem herkömmlichen Planungsansatz nicht nur im Hinblick auf Kostenaspekte als überlegen. Sie führt im praktischen Einsatz auch zu einer Verstetigung der Produktqualität und zu einer Verringerung der Arbeitsbelastung des Sachbearbeiters.
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    Papers in regional science 78 (1999), S. 21-45 
    ISSN: 1435-5957
    Keywords: JEL classification: C52, R10, R12, R14, R39 ; Key words:New economic geography, spatial statistics, spatial modeling, methodology
    Source: Springer Online Journal Archives 1860-2000
    Topics: Geography , Economics
    Notes: Abstract. Krugman states that “Regional science is not a unified subject. It is best described as a collection of tools.” Unfortunately such a perspective fails to fully acknowledge theoretical dimensions of the accompanying refocusing on geographic expressions of economic linkages, such as those highlighted in spatial externalities specifications. Such promulgated aspects of the spatial economic landscape relate to map pattern, and certainly the spatial statistics and spatial econometrics theory that accompanies it, as well as the underlying substantive theory garnered from a variety of sources. The principal implication is other than “loose- jointed, do-the-best-you-can theorizing”.
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    Papers in regional science 78 (1999), S. 111-116 
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    Papers in regional science 78 (1999), S. 117-118 
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    Papers in regional science 78 (1999), S. 157-177 
    ISSN: 1435-5957
    Keywords: JEL classification: R1, R12 ; Key words:Central place theory, choice rules, generalised Voronoi diagrams, market areas
    Source: Springer Online Journal Archives 1860-2000
    Topics: Geography , Economics
    Notes: Abstract. Although a variety of modifications of classical central place theory has been proposed, one area that remains unexplored is the effect of relaxing the nearest centre assumption for the purchase of a specified basket of goods within a given hierarchical level. This article examines the effect of such a relaxation on central place market areas by using higher-order Voronoi diagrams. When used to model market areas, higher-order Voronoi diagrams can be interpreted as overlapping and probabilistic regions. These diagrams construct market areas based on the assumption that consumers choose from a set of $k (k = 1, 2, \ldots, n)$ nearest centres of the same hierarchical level. If consumers are assumed to be indifferent between the k centres, the appropriate market areas are given by the order-k Voronoi diagram. In this case, it is shown that sales potentials are consistent with those that result when the nearest centre assumption is in effect. If consumers are assumed to have a preference for nearer centres, market areas are defined by the ordered, order-k Voronoi diagram. This situation generates sales potentials which can vary between centres.
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    Journal of plant growth regulation 18 (1999), S. 39-44 
    ISSN: 1435-8107
    Keywords: Key Words. Bis(guanylhydrazones)—Carrot protoplasts—Growth—Helianthus tuberosus—Polyamines—Uptake
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
    Notes: Abstract. In the present work the effect of several bis(guanylhydrazones) on the growth of Helianthus tuberosus tuber explants was studied. Different aliphatic congeners of glyoxal bis(guanylhydrazone) were tested. Most of the compounds displayed an inhibitory effect on growth, and a correlation between the structure of the molecule and the inhibitory activity was observed. Experiments carried out with glyoxal bis(guanylhydrazone) and its congeners methyl-, ethylmethyl-, and methylpropylglyoxal bis(guanylhydrazones) show that as the total number of side chain carbon atoms in the molecule increases, the inhibitory potency also increases. A depletion of spermidine levels was also found in the explants treated with ethylmethylglyoxal bis(guanylhydrazone), which turned out to be one of the most potent growth inhibitors. The addition of spermidine caused a significant reversion of the antiproliferative action of glyoxal bis(guanylhydrazone). The effect of these compounds on spermidine uptake in protoplasts isolated from carrot phloem parenchyma was also investigated. Only a slight competition was found when antagonists were present at concentrations 20 times higher than the polyamine, thus suggesting that bis(guanylhydrazones) do not share, at least at low concentrations, the polyamine transport system in plant cells.
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  • 49
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    Keywords: Key Words.Cichorium intybus L. cv. Lucknow local—Hairy root cultures—Polyamines—Coumarins
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
    Notes: Abstract. The effect of polyamines (putrescine, spermidine, and spermine) was examined for growth and production of two coumarins, esculetin and esculin, in the hairy roots of chicory (Cichorium intybus L. cv. Lucknow local). Of the polyamines administered, 1.5 mm putrescine alone resulted in a 2.3-fold higher increase in the growth of hairy roots as well as in the production of esculetin and esculin, which was 3.37 times more than that of the control on day 21. The endogenous level of conjugated putrescine was more than fivefold that of free putrescine levels in untreated samples. The production of esculetin and esculin in hairy root cultures strictly correlated with growth in all of the treatments. Putrescine at 1.5 mm resulted in a greater length of primary root (18.29 ± 1.37 cm) compared with the control (10.96 ± 0.82 cm) and more secondary and tertiary roots. This study also provides insight into the morphogenetic changes that occur in roots in response to the external supply of polyamines.
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    Journal of plant growth regulation 18 (1999), S. 69-72 
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    Keywords: Key Words. Acid phosphatase—Alkaline phosphatase—Brassica juncea—Seed development
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
    Notes: Abstract. Changes in acid and alkaline phosphatase activities in cytoplasmic and wall-bound fractions of developing mustard (Brassica juncea) seed were studied. Growth was measured by seed dry weight and water content. Seed dry weight data were fitted to a cubic polynomial equation. Seed water content and dry matter accumulation was significantly correlated. Cytoplasmic acid and alkaline phosphatase activities were substantially less in the cytoplasmic fraction than the wall-bound fraction. Wall-bound acid phosphatase activity was low initially, but high levels were maintained after day 25, indicating a relationship with dry matter accumulation. The results suggest that acid phosphatase plays an important role during mustard seed development.
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    Journal of plant growth regulation 18 (1999), S. 25-31 
    ISSN: 1435-8107
    Keywords: Key Words. IAA—Auxin—Wall peroxidases—Oat—Avena sativa—Diferulic acid—Lignin
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
    Notes: Abstract. Incubation of oat coleoptile segments with 40 μm indoleacetic acid (IAA) induced a decrease of 35–60% in peroxidase activity at the cell wall compartment. Treatment with IAA also produced a similar decrease in the oxidation of NADH and IAA at the cell wall. Isoelectric focusing of ionic, covalent, and intercellular wall peroxidase fractions showed that acidic isoforms (pI 4.0–5.5) were reduced preferentially by IAA treatment. Marked differences were found between acidic and basic wall isoperoxidases in relation to their efficacy in the oxidation of IAA. A peroxidase fraction containing acidic isoforms oxidized IAA with a V max/s0.5 value of 2.4 × 10−2 min−1· g fw−1, 4.0 times higher than that obtained for basic peroxidase isoforms (0.6 × 10−2 min−1· g fw−1). In contrast, basic isoforms were more efficient than acidic isoperoxidases in the oxidation of coniferyl alcohol or ferulic acid with H2O2 (5.6 and 2.1 times, respectively). The levels of diferulate and lignin in the walls of oat coleoptile segments were not altered by treatment with IAA. The decrease in cell wall peroxidase activity by IAA was related more to reduced oxidative degradation of the hormone than to covalent cell wall cross-linking.
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    Journal of plant growth regulation 18 (1999), S. 89-92 
    ISSN: 1435-8107
    Keywords: Key Words. Brassinolide—Onosma paniculatum—Plant secondary metabolites—Shikonin—Plant cell culture
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
    Notes: Abstract. The effect of brassinolide (BR) on cell growth and shikonin and its derivative formation in Onosma paniculatum cell culture was studied. BR addition with IAA and BAP (+BR/+IAA/+BAP) in B5 medium slightly increased the cell growth at 0.01–0.1 ppb concentration compared with a growth control (−BR/+IAA/+BAP). Only BR addition (+BR/−IAA/−BAP) at 0.001–100 ppb in B5 medium significantly increased the cell fresh weight compared with a growth control (−BR/−IAA/−BAP). The same concentration of BR tested at 0–1000 ppb increased the cell fresh weight of +IAA/+BAP significantly more than that of −IAA/−BAP. BR at 0.001–0.1 ppb with IAA and BAP added (+BR/+IAA/+BAP) in M9 medium increased shikonin and its derivative content markedly by 31–87%, compared with its control (−BR/+IAA/+BAP). BR at 0.001–1000 ppb without IAA and BAP added to M9 medium (+BR/−IAA/−BAP) also increased shikonin and its derivative content compared with its control (−BR/−IAA/−BAP). However, the amount of shikonin and derivative formed of +IAA/+BAP was greater than that of −IAA/−BAP only at the same concentration of BR at 0–1 ppb. These combined results show that BR at 0.01 ppb with IAA and BAP added was the best for cell growth and shikonin formation. Formation of shikonin and its derivative by adding BR at 0.01 ppb with IAA and BAP (+BR/+IAA/+BAP) in M9 medium was significantly enhanced 4 days after BR addition compared with a production control (−BR/+IAA/+BAP). In contrast, +BR/−IAA/−BAP vs. −BR/−IAA/−BAP was not as effective as +BR/+IAA/+BAP vs. −BR/+IAA/+BAP for the shikonin formation. The time course study for shikonin formation also showed that +BR/+IAA/+BAP and −BP/+IAA/+BAP only slightly increased cell growth in M9 medium. Similarly, soluble protein content in the cells treated by BR at 0.01 ppb with IAA and BAP (+BR/+IAA/+BAP) exceeded that of the control (−BR/+IAA/+BAP) 4 days after BR addition. And +BR/−IAA/−BAP only slightly increased the soluble protein content over that of −BR/−IAA/−BAP.
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    Journal of plant growth regulation 18 (1999), S. 113-119 
    ISSN: 1435-8107
    Keywords: Key Words. Gibberellins—Recurrent-flowering—Rosa—Seasonal-flowering—GC-MS
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
    Notes: Abstract. The gibberellins A1, A3, A5, A8, A19, A20, and A29 were identified in vegetative shoot tips of Rosa canina by comparing their mass spectra and Kovats retention indices with those of standards. Most wild roses have a short flowering season of 2–4 weeks in spring, whereas most modern cultivars flower recurrently. `Félicité et Perpétue' is a short-season hybrid from a cross between a wild rose and a recurrent-flowering rose, whereas its sport, `Little White Pet,' flowers recurrently. The concentrations of gibberellins (GAs) were measured in shoot apices of both cultivars. In March (before floral initiation in spring) the concentrations of GA1 and GA3 were respectively threefold and twofold higher in `Félicité et Perpétue' than in `Little White Pet.' In April (after floral initiation) the concentrations of both gibberellins were substantially greater than in March, and concentrations of GA1 and GA3 were, respectively, 17-fold and 12-fold greater in `Félicité et Perpétue' than in `Little White Pet.' It is postulated that, in `Félicité et Perpétue,' floral initiation occurs when concentrations of GAs are low and is inhibited when concentrations of GAs are high, whereas in `Little White Pet' concentrations of GAs remain at permissive levels throughout the growing season. Applications of GA1 and GA3 to axillary shoots in March inhibited floral development in `Félicité et Perpétue' but not in `Little White Pet.' This suggests that the combined concentration of exogenous and endogenous gibberellins might have been raised to inhibitory levels in the former but not in the latter cultivar.
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    Journal of plant growth regulation 18 (1999), S. 127-134 
    ISSN: 1435-8107
    Keywords: Key Words.Fragaria vesca—Methyl jasmonate—Membrane lipids—Oxygen scavenging enzymes—Water stress
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
    Notes: Abstract. The effect of methyl jasmonate (MJ) on changes of oxygen-scavenging enzyme activities and membrane lipid composition was studied in strawberry leaves under water stress. Under water stress, MJ treatment reduced the increase of peroxidase (EC 1.11.1.7; POD) activity, maintained higher catalase (EC 1.11.1.6; CAT) and superoxide dismutase (EC 1.15.1.1; SOD) activities, and ascorbic acid content. In addition, MJ treatment reduced transpiration and membrane-lipid peroxidation as expressed by malondialdehyde (MDA) content, lessened the reduction of membrane lipids, glycolipids [monogalactosyl diglyceride (MGDG), digalactosyl diglyceride (DGDG)], and phospholipids [phosphatidylcholine (PC), phosphatidylethanolamine (PE), phosphatidylglycerol (PG), and phosphatidylinositol (PI)]. In water-deficit conditions, MJ treatment also alleviated the decline in the degree of fatty acid unsaturation and the ratio of linolenic (18:3) to linoleic acid (18:2). These results indicate that MJ treatment appears to alter the metabolism of strawberry plants rendering the tissue better able to withstand water stress.
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  • 55
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    Keywords: Key Words. ABA—Androgenesis—Microspore culture—Hordeum vulgare
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    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
    Notes: Abstract. Under the same mannitol pretreatment and culture conditions, regeneration efficiency in the barley cultivar (cv.) Igri was about 10 times higher than in the cv. Digger, a difference only partially reflected by a difference in viable microspores after anther pretreatment. Therefore, a comparative study between cvs. Igri and Digger was carried out under various pretreatment conditions. For both cultivars, under water, CPW buffer and mannitol pretreatment conditions, there was a positive correlation between microspore viability and regeneration efficiency in that mannitol 〉 CPW buffer 〉〉 water. Mannitol pretreatment of cv. Igri produced a much higher endogenous abscisic acid (ABA) level than as to Digger. Addition of ABA stimulated both percentages of viability and regeneration efficiency except in the case of mannitol pretreatment. Under CPW buffer pretreatment conditions, addition of ABA significantly stimulated regeneration efficiency and was ABA concentration dependent. However, cv. Digger was less responsive to ABA than cv. Igri. In both cultivars, under less optimal pretreatment conditions (e.g., water and CPW buffer), the effect of ABA was to stimulate increased percentages of viability and/or to reduce the number of binucleate microspores. Moreover, in cv. Igri, direct culture of anthers for 4 days without pretreatment caused an increased number of binucleate microspores compared with microspores with pretreatment for 4 days. These binucleate microspores showed DNA degradation in the nuclei. However, with mannitol pretreatment binucleate microspores and DNA fragmentation in the nuclei of microspores was rarely observed. On the basis of our observations, we suggest that the difference in regeneration efficiency in cv. Igri and cv. Digger is related to the differences in endogenous ABA production levels under mannitol pretreatment and responsiveness to ABA. One of the effects of ABA is likely due to an inhibition of cell death.
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    Journal of plant growth regulation 18 (1999), S. 167-170 
    ISSN: 1435-8107
    Keywords: Key Words. Bud set—Bud break—Gibberellin—Growth cessation—Photoperiod—Salix pentandra
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
    Notes: Abstract. In young plants of Salix pentandra, a temperate zone deciduous woody species, elongation growth ceases and a terminal bud is formed at day lengths shorter than a critical length. This is the first step in dormancy development, making survival under harsh winter conditions possible. Early studies strongly indicate that gibberellin is involved in the photoperiodic control of bud set and bud break. GA1 action was studied by application under short days to plants where cessation of shoot elongation had occurred, followed by subsequent anatomic investigations of shoot tips. Under short days the frequency of cell division decreased rapidly along with the earlier observed decrease in GA1 levels. Application of GA1 to short-day–induced terminal buds rapidly stimulated cell division in apices several days before visible shoot elongation in response to this treatment was observed. One day after GA1 application a fourfold increase in cell division frequency in apices was observed, increasing to a maximum of sevenfold 2 days after application. Long-day treatment leading to induction of bud break after about 4–6 days was followed by slowly increasing frequency of cell divisions. In earlier studies of this species, short days and gibberellins had no effect on cell elongation. These data show that increased GA1 content, by application or long-day treatment, results in increased frequency of mitosis. This strongly indicates that GA1 affects stem elongation in connection with bud set and bud break primarily by affecting cell divisions in subapical tissues.
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    ISSN: 1435-8107
    Keywords: Key Words.Dianthus caryophyllus—Indoleacetic acid—Naphthylphthalamic acid—Polar auxin transport—rooting of cuttings—Triiodobenzoic acid
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
    Notes: Abstract. 3H-IAA transport in excised sections of carnation cuttings was studied by using two receiver systems for recovery of transported radioactivity: agar blocks (A) and wells containing a buffer solution (B). When receivers were periodically renewed, transport continued for up to 8 h and ceased before 24 h. If receivers were not renewed, IAA transport decreased drastically due to immobilization in the base of the sections. TIBA was as effective as NPA in inhibiting the basipetal transport irrespective of the application site (the basal or the apical side of sections). The polarity of IAA transport was determined by measuring the polar ratio (basipetal/acropetal) and the inhibition caused by TIBA or NPA. The polar ratio varied with receiver, whereas the inhibition by TIBA or NPA was similar. Distribution of immobilized radioactivity along the sections after a transport period of 24 h showed that the application of TIBA to the apical side or NPA to the basal side of sections, increased the radioactivity in zones further from the application site, which agrees with a basipetal and acropetal movement of TIBA and NPA, respectively. The existence of a slow acropetal movement of the inhibitor was confirmed by using 3H-NPA. From the results obtained, a methodological approach is proposed to measure the variations in polar auxin transport. This method was used to investigate whether the variations in rooting observed during the cold storage of cuttings might be related to changes in polar auxin transport. As the storage period increased, a decrease in intensity and polarity of auxin transport occurred, which was accompanied by a delay in the formation and growth of adventitious roots, confirming the involvement of polar auxin transport in supplying the auxin for rooting.
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    Journal of plant growth regulation 18 (1999), S. 193-196 
    ISSN: 1435-8107
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
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    Empirical economics 24 (1999), S. 23-44 
    ISSN: 1435-8921
    Keywords: Key words: Cointegration ; convergence ; growth ; Kalman filter ; JEL classifications: C22 ; O47 ; O57
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract. Augmented Dickey Fuller (ADF) and Kalman filter convergence tests are applied to annual GDPs per head to 16 industrialised countries from 1890 to 1989. Results favour convergence towards the US with a structural break following the Second World War. Estimates suggest that steady-states were higher after the war and that speeds of convergence are different across countries. The Kalman filter method dismissed the no convergence hypothesis more often than its ADF counterpart. This could explain the apparent contradiction in earlier empirical work on similar data sets (cross-section methods tended to favour convergence while time series methods were unable to dismiss the no convergence hypothesis.)
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  • 60
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    Empirical economics 24 (1999), S. 61-76 
    ISSN: 1435-8921
    Keywords: Key words: Autocorrelation ; Dynamic cusum ; Structural change ; JEL classifications: C12 ; C22
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract. The dynamic CUSUM test for structural change proposed by Krämer, Ploberger and Alt (1988) is investigated when the errors are serially correlated in a linear dynamic model. We show that the dynamic CUSUM test can be modified to allow for serial correlation in the disturbance using the same procedure as in Kao and Ross (1995), and that the modified dynamic CUSUM test retains its asymptotic significance levels. Monte Carlo results suggest that the empirical size of the dynamic CUSUM test is highly distorted while the empirical size of the modified dynamic CUSUM test is fairly robust to the change on the degree of autocorrelation. We also find that the power of the modified test essentially depends on the angle between the mean regressors and the structural shift.
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    Empirical economics 24 (1999), S. 101-119 
    ISSN: 1435-8921
    Keywords: Key words: Time distance ; S-distance ; transition economies ; EU ; Slovenia ; depression ; recovery ; JEL classifications: C10 ; N10 ; O10 ; O52
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract. The time distance methodology used offers a new perspective to the problem, an additional statistical measure, and a presentation tool for policy analysis and debate readily understood by policy makers, media and general public. Disparity between the analysed transition economies and EU countries is considerably smaller for other indicators than for GDP per capita. Compared with Ireland, Portugal and Greece Slovenia was in 1995 in 13 cases behind (but time lag of Slovenia never exceeded 10 years) and in 13 cases ahead of them. Sicherl (1997a) discusses application of S-distance to time series regressions, models, forecasting and monitoring.
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    Empirical economics 24 (1999), S. 135-153 
    ISSN: 1435-8921
    Keywords: Key words: Non-linear trend ; impulse response ; JEL classification: C22
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract. The paper explores the empirical properties of a non-linear stochastic trend model which can be viewed as an intermediate case between a linear and a log-linear trend model. I assess the small sample distribution of the ML estimator by Monte Carlo simulations and use it to model some typical macroeconomic time series. The non-linear trend model turns out to be an important tool which warrants further analysis. I also compute impulse response functions and compare them with those obtained from a conventional linear model.
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    Empirical economics 24 (1999), S. 155-172 
    ISSN: 1435-8921
    Keywords: Key words: Linear trends; stochastic cointegration; misspecified regression; stable real money demand ; JEL classification: C22 ; E41
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract. If an economic relationship is superimposed by a linear time trend, the regression without detrending is misspecified. The estimators of such a regression do not converge to the true parameter values. First, the asymptotic limit arising from such misspecified regressions is characterized. Second, we observe with data before 1975 a significant time trend but no cointegrating relation between real money (M1), income and a long-term interest rate. The price level as a significant omitted variable is considered as an economic explanation for this feature. We find a price elasiticity larger than one. Third, with data after the breakdown of Bretton Woods (and the beginning of monetary targeting by the Bundesbank), real money, income and the interest rate alone are cointegrated. The long-run estimates seem to be fairly stable with data after the German union provided a step dummy accounts for a break in the mean.
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    Empirical economics 24 (1999), S. 1-21 
    ISSN: 1435-8921
    Keywords: Key words: Conditional models ; congruence ; corroboration ; encompassing ; feedback ; feedforward ; Lucas critique ; rational expectations ; refutation ; statistical inference ; JEL classifications: C52 ; E13
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract. Even though pieces of empirical evidence individually may corroborate an economic theory, their joint existence may refute that same theory. Testing of rational expectations models provides a concrete illustration of this principle. Surprisingly, empirical refutation of a rational expectations model may occur without having to estimate that model, and the refutation may be for a large class of expectations-based models and not just for a particular model specification. Narrow money demand in the United Kingdom illustrates such refutation. The general proposition concerning corroboration and refutation strongly favors the building of empirical models that are consistent with all available evidence.
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    Empirical economics 24 (1999), S. 45-59 
    ISSN: 1435-8921
    Keywords: Key words: Stock returns ; volatility models ; temporal aggregation ; JEL classifications: C32 ; G15
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract. This paper models the main stock index of the Vienna Stock Exchange with daily data from 1986 to 1992. We find that returns are nonnormal and show linear and nonliner dependence. On that basis we compare the fit of alternative specifications of Generalized Autoregressive Conditional Heteroscedasticity (GARCH) to the Markov-Switching approach. The models are evaluated with diagnostic tests on the standardized residuals. We consider evidence for deterministic structures and for infinite variance. Our main result is that a parsimonious model from the GARCH – class can generate the statistical properties of daily returns. The behavior of the two types of models with respect to temporal aggregation is found to differ significantly.
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    Empirical economics 24 (1999), S. 77-99 
    ISSN: 1435-8921
    Keywords: Key words: Money demand ; Fisher effect ; interest rate spread ; German monetary policy ; Johansen procedure ; JEL classifications: E41 ; E43 ; C32 ; C51 ; C52
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract. This study presents a multivariate analysis of the stability of long-run relationships between variables that influence the conduct and transmission process of the German monetary policy. The initial VAR comprises the variables real money M3, real GNP, the inflation rate, a long-term and a weighted short-term interest rate. A multivariate approach has been chosen, as this allows for more than one cointegration relationship and to test restrictions on the cointegration space. In contrast to most other studies on German monetary policy, three stable and economically plausible cointegration relationships are obtained simultaneously within the framework of the Johansen procedure: a money demand relationship, a long-run Fisher effect and a long-run relationship between the short- and the long-term interest rate. It is apparent that the structural break of German reunification can be modelled incorporating dummy variables in the model.
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    Empirical economics 24 (1999), S. 121-134 
    ISSN: 1435-8921
    Keywords: Key words: Foreign aid ; India ; JEL classifications: H2 ; O1 ; F35
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract. We examine how the source of foreign aid affects the composition of the recipient government's spending. Does the source of aid – bilateral or multilateral – influence recipient policy-makers' choice between development and nondevelopment expenditure? We depart from previous literature by introducing strong asymmetries in policy-makers' preferences. With the financial constraints set by foreign aid and domestic revenues, this formalization allows us to model and estimate the fiscal behavior of government policy-makers in the presence of foreign aid.
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    Empirical economics 24 (1999), S. 173-180 
    ISSN: 1435-8921
    Keywords: Key words: Inequality ; consumption ; inflation ; unemployment ; JEL classifications: D31 ; D12 ; E32
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract. Using Consumer Expenditure Survey data, we obtain summary measures of the distributions of income and consumption for each quarter between 1980 and 1994. We find that the trends in the distribution of income and consumption and the response of these trends to changes in inflation and unemployment were similar during this period. We find that unemployment does not significantly affect the inequality measures and that inflation has a progressive effect, i.e., that a decrease in inflation is associated with an increase in inequality. Finally, we find that the relationship between inequality and macroeconomic variables during the 1990s may be similar to the relationship that existed prior to 1980.
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    Empirical economics 24 (1999), S. 183-209 
    ISSN: 1435-8921
    Keywords: Key words: Present value model ; excessive current account deficits ; JEL classifications: F32 ; F47
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    Topics: Economics
    Notes: Abstract. This paper investigates whether the sequence of current account deficits experienced in Greece over the 1950–1995 period have been excessive. The degree of excessiveness is gauged by comparing the actual current account series to an optimal current account measure derived from an intertemporal model of current account determination. The findings indicate that optimal consumption smoothing did not take place over the sample period suggesting that the existing restrictions to the free flow of capital were binding. More importantly the stock of net foreign liabilities was found to have been set on an unsustainable path following the 1989/90 balance of payments crisis yet there is clear evidence that this tendency has been gradually reversed during the last couple of years.
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  • 70
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    Keywords: Key words: Endogenous switching ; discrete dependent variables ; two-stage estimators ; Monte-Carlo simulations ; farm women's off-farm work participation ; JEL classification: C35 ; Q12 ; J22
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract. The performances of alternative two-stage estimators for the endogenous switching regression model with discrete dependent variables are compared, with regard to their usefulness as starting values for maximum likelihood estimation. This is especially important in the presence of large correlation coefficients, in which case maximum likelihood procedures have difficulties to converge. Monte-Carlo simulations indicate that an estimator that corrects for conditional heteroskedasticity of the residuals is superior in almost all instances, and especially when maximum likelihood is problematic. This result is also obtained in an empirical example in which off-farm work participation equations of farm women are conditional on farm work participation status.
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    Empirical economics 24 (1999), S. 271-301 
    ISSN: 1435-8921
    Keywords: Key words: Forecasting ; periodic models ; seasonality ; unit roots ; JEL Classification: C22 ; C52 ; C53
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract. The paper provides a comparison of alternative univariate time series models that are advocated for the analysis of seasonal data. Consumption and income series from (West-) Germany, United Kingdom, Japan and Sweden are investigated. The performance of competing models in forecasting is used to assess the adequacy of a specific model. To account for nonstationarity first and annual differences of the series are investigated. In addition, time series models assuming periodic integration are evaluated. To describe the stationary dynamics (standard) time invariant parametrizations are compared with periodic time series models conditioning the data generating process on the season. Periodic models improve the in-sample fit considerably but in most cases under study this model class involves a loss in ex-ante forecasting relative to nonperiodic models. Inference on unit-roots indicates that the nonstationary characteristics of consumption and income data may differ. For German and Swedish data forecasting exercises yield a unique recommendation of unit roots in consumption and income data which is an important (initial) result for multivariate analysis. Time series models assuming periodic integration are parsimonious to specify but often involve correlated one-step-ahead forecast errors.
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  • 72
    ISSN: 1435-8921
    Keywords: Key words: Goal programming/constrained regression ; bootstrapping ; translog cost-function ; Berndt and Wood ; JEL classification: C14 ; C61 ; D24
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract. This paper demonstrates how Goal Programming/Constrained Regression can be used for cross-checking results from standard econometric models as well as a stand alone methodology in empirical production analysis. For illustration, we re-examine Berndt and Wood's (BW) seminal study of the U.S. manufacturing industry. Whereas energy and capital were found to be complements in BW's study, we found them to be substitutes.
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    Empirical economics 24 (1999), S. 389-402 
    ISSN: 1435-8921
    Keywords: Key words: Twin deficits ; cointegration ; Granger causality ; developed vs. developing countries ; JEL classifications: E62
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract. This study attempts to determine the causal relationship between budget and current account deficits as well as the direction of such causality. A selected sample of some developed and developing countries with annual time series data is used and cointegration techniques are applied to bring evidence regarding this important issue. Our results do not support any long-run relationship between the two deficits for developed countries while the data for developing countries do not reject such a relationship. However, our results suggest a causal relationship between the two deficits for most of the sample countries.
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    Empirical economics 24 (1999), S. 373-388 
    ISSN: 1435-8921
    Keywords: Key words: Kalman filter ; NAIRU ; Okun's law ; Phillips curve ; potential output ; structural time-series models ; unobserved-components models ; JEL classification: C32 ; E32
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract. This paper proposes a new approach for estimating potential output and the NAIRU. The methodology models these key unobservable economic variables as latent stochastic trends within a trivariate system of observables comprising information on unemployment, GDP, and inflation. Identification is achieved through the use of a standard version of Okun's law and a Phillips curve. The performance of the procedure is investigated using Swedish quarterly data covering the time period 1970:1–1996:3.
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    Empirical economics 24 (1999), S. 415-426 
    ISSN: 1435-8921
    Keywords: Key words: Adaptive expectations ; cointegration ; hyperinflation ; inflation tax ; money demand ; rational expectations ; unit root ; JEL classifications: E41 ; C32 ; C12
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract. This paper estimates the Cagan type demand for money function for Turkish economy during the period 1986:1–1995:3 and tests whether Cagan's specification fits the Turkish data using an econometric technique assuming that forecasting errors are stationary. This paper also tests the hypothesis that monetary policy was implemented in aiming to maximize the inflation tax revenue. Finally, the Cagan model is estimated with the additional assumption of rational expectations for Turkey for the considered period.
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    Empirical economics 24 (1999), S. 641-654 
    ISSN: 1435-8921
    Keywords: Key words: Moral hazard and grant design, tax efficiency ; JEL classifications: H29, H77
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract. This paper attempts to measure pure tax efficiency of fifteen major Indian states (Andhra Pradesh, Assam, Bihar, Haryana, Gujarat, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Orissa, Punjab, Rajasthan, Tamilnadu, Uttar Pradesh and West Bengal) for the period 1980–81 to 1992–93 in a manner that allows this efficiency to vary both across time as well as across states. It is discovered that there is a moral hazard problem in the design of central grants in that higher grants by the central government to the state governments reduce efficiency of tax collection by these states. The less poor states are more efficient in tax collection. The rankings of states by tax efficiency for the various years do not converge. An index of aggregate tax efficiency is calculated and it appears that this index has been stagnating. It is argued that the weight placed on tax effort in the formula determining central grants to state governments should be increased to improve tax efficiency of state governments.
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  • 77
    ISSN: 1435-8921
    Keywords: Key words: Public discount rate, optimal public capital, Japanese economy ; JEL classifications: D24, H43, H54
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    Topics: Economics
    Notes: Abstract. The purpose of this paper is to empirically assess the optimality of the level of public capital in Japan. We use a methodological approach based on Burgess's (1988) procedure for calculating the public discount rate. This approach involves estimating a production function, but does not necessarily require utility function estimation. The results indicate that, although the Japanese economy experienced a public capital deficiency over the period 1960–1982, public capital moved toward optimal levels throughout the period.
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    Empirical economics 24 (1999), S. 711-717 
    ISSN: 1435-8921
    Keywords: Key words: Public capital, sensitivity analysis, DOLS ; JEL classifications: H54, H41, E23, E25, C32
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    Topics: Economics
    Notes: Abstract. We undertake a sensitivity analysis of the productivity of public capital under the aggregate production function approach. Several proxies are used for the private inputs and for public capital, several dummy variables are included to adjust for energy price shocks, newly revised data is studied, and Stock and Watson's dynamic OLS estimator is used. Our main results are that the productivity of public capital depends critically on the proxies used, the effects are typically smaller than the early estimates, and omitting the oil price shocks introduces significant upward bias in the measured productivity of public capital.
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    Empirical economics 24 (1999), S. 621-640 
    ISSN: 1435-8921
    Keywords: Key words: Underground economy, latent variables, tax avoidance, tax evasion, tax-gap ; JEL classifications: C32, C51, E32, E41
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract. This paper develops and estimates a structural, latent variable, model for the hidden economy in New Zealand, and a separate currency-demand model. The estimated latent variable model is used to generate an historical time-series index of hidden economic activity, which is calibrated via the information from the currency-demand model. Special attention is paid to data non-stationarity, and to diagnostic testing. Over the period 1968 to 1994, the size of the hidden economy is found to vary between 6.8% and 11.3% of measured GDP. This, in turn, implies that the total tax-gap is of the order of 6.4% to 10.2% of total tax liability in that country. Of course, not all of this foregone revenue would be recoverable, as not all of the activity in the underground economy is responsive to changes in taxation or other policies.
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    Empirical economics 24 (1999), S. 655-666 
    ISSN: 1435-8921
    Keywords: Key words: Causality, tax reforms, government growth ; JEL classifications: C50, H10, B40
    Source: Springer Online Journal Archives 1860-2000
    Topics: Economics
    Notes: Abstract. This paper analyzes alternative approaches to measuring the effects of structural tax changes on government growth. It first reviews traditional time series approaches that attempt to disentangle the causal relationships between taxes and spending. It explains why these methods are incapable of uncovering the true causal links because of problems of observational equivalence and why institutional data can assist in making this determination. It then presents the methods and results from two alternative approaches and studies that analyze the effects of changes in tax structures on government growth. Both methods rely on econometric and institutional analysis.
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    Papers in regional science 78 (1999), S. 243-263 
    ISSN: 1435-5957
    Keywords: JEL classification: R41 ; Key words:Logistics cost, consumer demand, retail establishment density, terminal, demand-supply interaction
    Source: Springer Online Journal Archives 1860-2000
    Topics: Geography , Economics
    Notes: Abstract. This article develops models to formulate the optimal density of retail establishments by considering interactions between logistics cost and consumer demand. Commodities are assumed to be distributed from a depot directly or through single intermediate terminal to many retail establishments. Average logistic cost per item, consumer demand, and the interrelationship between them are analyzed. The optimal density of retail establishments and local terminals are determined by minimizing average logistic cost, or maximizing total supply subject to the demand-supply equality. The envelope curves for the optimal configuration strategies corresponding to different values of total market area and terminal cost are derived.
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    Papers in regional science 78 (1999), S. 297-318 
    ISSN: 1435-5957
    Keywords: JEL classification: R11 ; Key words:Information sector, specialization, city types
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    Topics: Geography , Economics
    Notes: Abstract. The national economy is split into four broad sectors. The observed variation in long-term growth among sectors leads to a shift in the composition of aggregate demand. I test Henderson's propositions, namely that secular shifts in the composition of national demand lead to changes in the numbers and sizes of different types of urban places. The numbers and sizes of places specialized in the information sector has increased while the numbers and sizes of places specialized in manufacturing has decreased or has not changed. Metropolitan population growth and per capita earnings growth are enhanced by specialization in the information sector.
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    Agriculture and human values 16 (1999), S. 103-106 
    ISSN: 1572-8366
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
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    Agriculture and human values 16 (1999), S. 3-9 
    ISSN: 1572-8366
    Keywords: Academic activism ; Community supported agriculture (CSA) ; Experiential learning ; Grass-roots participation
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
    Notes: Abstract This essay tells a story. It is a story of the author's experience with community supported agriculture (CSA). It is also a story that depicts the difficulties of academic activism and grass-roots engagement. As an academic and an activist, the author argues that it is important to admit and share experiences that are “less than perfect,” since they are the basis for a more complete knowledge and a more organic existence, individually, collectively, sensually, and intellectually.
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    Agriculture and human values 16 (1999), S. 317-318 
    ISSN: 1572-8366
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    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
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    Agriculture and human values 16 (1999), S. 325-326 
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    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
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    Agriculture and human values 16 (1999), S. 431-439 
    ISSN: 1572-8366
    Keywords: Off-farm linkages ; Multidisciplinary ; Participatory integrated pest management
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
    Notes: Abstract Integrated pest management has emerged as an important means of managing agricultural pests. Since the mid-1980s, the emphasis in IPM has shifted toward biologically-intensive and participatory research and extension approaches. Finding better means for solving pest problems is high on the agenda for most farmers, and farmers often have significant pest management knowledge and interest in IPM experimentation. This paper describes an approach to participatory IPM research that is being implemented by the IPM Collaborative Research Support Program (IPM CSRP). The approach emphasizes on-farm research with an extrapolation domain beyond the single farm, and in some cases beyond the local region or country. It considers many factors beyond the farm and research station that influence the generation and adoption of IPM technologies and strategies. It emphasizes linkages among farmers, scientists, consumers, bankers, marketers/processors, and policy makers in IPM research priority setting, conduct, and evaluation. The interdisciplinary approach described in the paper is illustrated with a case study from the Philippines. Lessons and conclusions draw on its recent application in other sites as well.
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    Agriculture and human values 16 (1999), S. 443-444 
    ISSN: 1572-8366
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    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
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    Agriculture and human values 16 (1999), S. 51-63 
    ISSN: 1572-8366
    Keywords: Conventional ; Decision Tree ; Farmers ; New Zealand ; Organic ; Policy
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
    Notes: Abstract Research on organic farmers is popular but has seldom specifically focused on their motivations and decision making. Results based on detailed interviews with 83 New Zealand farmers (both organic and conventional) are presented by way of a decision tree that highlights elimination factors, motivations, and constraints against action. The results show the reasons that lie behind farmers' choices of farming methods and highlight the diversity of motivations for organic farming, identifying different types of organic and conventional farmers. Policies to encourage organic production should focus on attitudes, technology, and finances.
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    Agriculture and human values 16 (1999), S. 87-88 
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    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
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    Agriculture and human values 16 (1999), S. 1-2 
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    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
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    Agriculture and human values 16 (1999), S. 29-39 
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    Keywords: Environmental values ; Forest conservation ; Forest patches
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
    Notes: Abstract Although conservation attention has generally focused on large forest tracts, there is increasing evidence that smaller forest patches are important for both conservation and rural development. A study of forest patch conservation in a rural Costa Rican community found that, although forest patch conservation was influenced by landholding size, material factors did not account for all the variation in forest patches conservation behavior or conservation orientations of farmers. A qualitative interpretive approach, using semi-structured interviews, found that environmental values were influenced by at least three factors. First, colonist farmers with direct experience with environmental degradation in other regions of Costa Rica were more likely to be concerned about environmental degradation. Second, childhood exposure to conservation played an important role in influencing conservation orientations. Third, the environment was frequently discussed in relation to the moral and social values present in religious doctrines. The study also found general support for forest conservation laws, and a clear indication that interest in forest conservation has grown in recent years. The study highlights the importance of environmental values, in conjunction with material factors, in influencing forest conservation in rural communities.
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    Agriculture and human values 16 (1999), S. 97-102 
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    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
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    Agriculture and human values 16 (1999), S. 233-233 
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    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
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  • 96
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    Agriculture and human values 16 (1999), S. 151-160 
    ISSN: 1572-8366
    Keywords: Cultural economy ; Commodity systems analysis ; Consumption ; Distribution and exchange ; Food systems
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
    Notes: Abstract In 1984, William Friedland proposed a Commodity Systems Analysis framework for describing the stages through which a commodity is transformed and how it acquires value. He challenged us to think of commodities as entities with a social as well as a physical presence. Friedland's argument enriched the concept of commodity production, but it remains essentially a supply side perspective. Since then, many commentators have argued that power is shifting from producers to consumers. Furthermore, some are claiming that, contrary to much traditional Marxist thinking about how individuals find meaning through their productive capacities, it is now through consumption that individuals are identifying themselves. Given the significance of this view, it seems timely to extend Friedland's framework to incorporate the consumption perspective. In light of other claims that the distance between production and consumption is increasing, it is equally important to acknowledge the processes that structure the relationship between the two spheres. This entails using new retail geographical and cultural studies to explore further what takes place in distribution and exchange. This article describes a new model for understanding power in commodity systems, one that acknowledges the input and interests of a range of actors beyond the agricultural sector. The proposed cultural economy model also emphasizes a range of value adding processes that are wider than those that apply to commodity production.
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    Agriculture and human values 16 (1999), S. 141-150 
    ISSN: 1572-8366
    Keywords: Community food security ; Hunger ; Food security ; Food systems ; Planning ; Theory
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
    Notes: Abstract Practitioners and advocates of community food security (CFS) envision food systems that are decentralized, environmentally-sound over a long time-frame, supportive of collective rather than only individual needs, effective in assuring equitable food access, and created by democratic decision-making. These themes are loosely connected in literature about CFS, with no logical linkages among them. Clear articulation in a theoretical framework is needed for CFS to be effective as a guide for policy and action. CFS theory should delimit the level of analysis (i.e., what are the boundaries of “community”); show how CFS relates to individual, household, and national food security and explain emergent properties, which are important at the community level of analysis; point to the best indicators of CFS or its lack; clarify the determinants of CFS; and clarify the stages of movement toward CFS. This theoretical base would allow researchers to develop valid and reliable measures, and allow practitioners to weigh alternative options to create strategic plans. A theoretical base also would help establish common ground with potential partners by making the connections to anti-hunger work, sustainable agriculture, and community development clear.
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  • 98
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    Agriculture and human values 16 (1999), S. 187-202 
    ISSN: 1572-8366
    Keywords: Sustainable food and agriculture policy ; Organizational design ; Public policy
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
    Notes: Abstract Agriculture has been enormously productive in recent decades. The main problem is that fragmentation of issues, knowledge, and responsibilities has hidden the costs associated with this success. These are mainly environmental, social, and health costs, which have been assigned to other ministries, with their own histories unconnected to agriculture. Now that agricultural policy has achieved its success, its costs are becoming apparent. The current system is preoccupied with traditional views of competitiveness and efficiency. Policies, programs, and regulations are organized to support specific commodities, not farming and food systems. Responsibilities are extremely fragmented and frequently uncoordinated. In this environment, the focus on nourishment, food security, and environmental sustainability is subordinated to economic issues. The future lies in reorienting agricultural policy away from maximum production and towards sustainability. We propose a major transformation of the policy making apparatus in order to shift the focus of the system towards nourishment, food security, and sustainability. A new policy making system must be built on the themes of: integrated responsibilities and activities; emphasis on macro-policy; transdisciplinary policy development; proximity of policy makers to the diverse groups affected by problems needing resolution; food systems policy. The design principles for such a new system are taken from the theory of food security and ecology. Using these principles, we design a new provincial department of food and food security, and test this design with two case studies.
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    Agriculture and human values 16 (1999), S. 169-185 
    ISSN: 1572-8366
    Keywords: Food system ; Food policy ; Globalization
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
    Notes: Abstract This article proposes a number of arguments about the contemporary food system. Using the UK as a case study, it argues that the food system is marked by tensions and conflicts. The paper explores different strands of public policy as applied to the food system over the last two centuries. It differentiates between various uses of the term globalization and proposes that the real features and dynamics of the new world food order are complex and neither as benign nor as homogeneous as some of its proponents allow. Opposition to the new era of globalization is emerging in the food system. This is already having some impact, questioning not just the products of the food system but the nature of its production and distribution.
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    Agriculture and human values 16 (1999), S. 257-266 
    ISSN: 1572-8366
    Keywords: Collective action ; Colombia ; Negotiation ; Platforms ; Representation ; Social constructivism ; Stakeholder analysis ; Third party facilitation ; Watershed management
    Source: Springer Online Journal Archives 1860-2000
    Topics: Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
    Notes: Abstract Watersheds constitute a special case of multiple-use common pool resources (CPRs). In a textual sense, watersheds tend to be mosaics of privately owned and managed patches of land. At the same time, however, watersheds are also ecosystems in which multiple resources and people interact through an infinity of bio-physical processes. Through such interaction, new watershed-level qualities emerge that, together with other factors, condition watershed users' continued resource use and access. In this perspective, watersheds become common-pool resources. Hence, watershed users do not only manage their individual plots, crops, forests, etc., knowingly or not, they manage landscape patterns and bio-physical processes that transcend their private property. In this context, drawing on experiences gained through participatory action research in a micro-watershed in the Andean hillsides of southern Colombia, this paper describes a process aimed at fostering collective watershed management. The paper illustrates the importance of platforms as a mechanism for negotiating and coordinating collective action by multiple users and discusses the issues of representation on such platforms as well as the importance of third party facilitation.
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