This note studies the allocation of an active redundant component in a series system. We mainly conduct a stochastic comparison between random lives of a series system with two components under two allocation choices. The case with a standby redundancy and when the system is parallel are...

Using college student samples, two studies were conducted to validate the Chinese version of the Domain-Specific Risk-Taking (DOSPERT) Scale. The results replicated important findings reported by Weber et al. (2002) in the Chinese culture. Risk-taking and risk perception were domain-specific,...

Researchers investigate relationships between well-being variables and the antecedents to well-being by examining statistical results from survey data. A common measurement approach in survey designs is to include measures of more specific aspects (i.e., facets) and more global assessments of...

Job attitudes and subjective well-being (SWB) have important relationships with one another. Moreover, job attitudes and, to an extent, SWB are related to chronological age. Owing to a “graying” workforce in industrialized countries, uncovering how age influences job attitudes is...

The intraindustry trade literature emphasizes nonhomothetic preferences and incomes as important determinants of aggregate demand and trade patterns. The authors provide evidence for such preferences, particularly that the structure of income-driven demand shifts is related to indices of...

This article examines the recent U.S. price experience in response to the actual and anticipated rise and fall of the dollar, and tests for determinants of the observed price effects. An index of real exchange-rate expectations is developed and used to explore its role in determining domestic...

It is common knowledge that consuming (downstream) industries are harmed by import barriers placed on primary or intermediate (upstream) products. The authors empirically examine th e natural result of these forces: the flow of protection, winding its way downstream. After first discussing the...

Seth Kaplan describes how understanding the relationship between identities, institutions, social cohesion, and state legitimacy is vital to spurring economic and political development in fragile states. The international community needs to stop imposing inflexible formulas for development and...