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In the literature of industrial organization, debate continues on the relationship between industrial structure on the one hand and competitive behavior and performance on the other. This debate is fueled by alternative explanations of the positive relationship between concentration and profitability observed in early research by Bain (1951, 1956) and subsequently by others. The original explanations were based on the view that concentration facilitates collusive behavior, and adherents to the Monopoly Power view naturally attributed the relationship to the existence of monopoly profits in concentrated industries. The counterargument proposed by Demsetz (1973) views concentration as the result of active competition by which firms are motivated to improve efficiency. In the presence of scale economies, larger firms are more efficient and, hence, more profitable than their smaller rivals. Since their larger market shares produce higher concentration, a positive relationship between industry concentration and profitability is observed. In the Efficient Structure (ES) view, concentration reflects intra‐industry efficiency differences; in the Monopoly Power (MP) view, concentration reflects collusive behavior. Importantly, the empirical distinction between these theories and, hence, their empirical validity as competing alternative hypotheses remains unclear.

The Black‐Scholes (B‐S) model in its various formulations has been the mainstay paradigm on option pricing since its basic formulation in 1973. The model has generally been proven empirically robust, despite the well documented empirical evidence of mispricing deep‐in‐the‐money, deep out‐of‐the‐money and, occasionally, at‐the‐money options with near maturities [see Galai (1983)]. Research on explaining the observed pricing anomalies has focused on the variance of the return of the underlying asset, which, in the case of the B‐S model, is assumed to remain invariant over time. The variance term is not directly observable, leading researchers to speculate that pricing discrepancies may be caused by misspecification of this variable. More specifically, interest in the volatility variable has centered about the implied standard deviation (ISD).

Examines the tenth published year of the ITCRR. Runs the whole gamut of textile innovation, research and testing, some of which investigates hitherto untouched aspects. Subjects discussed include cotton fabric processing, asbestos substitutes, textile adjuncts to cardiovascular surgery, wet textile processes, hand evaluation, nanotechnology, thermoplastic composites, robotic ironing, protective clothing (agricultural and industrial), ecological aspects of fibre properties – to name but a few! There would appear to be no limit to the future potential for textile applications.

The first videodisc was demonstrated in 1927. A brief history of the videodisc is presented, describing the three major current manifestations of this storage medium—read‐only, write‐once, and erasable. Read‐only became an important information delivery format in 1985. During 1986, write‐once will begin to have impact on libraries and information centers. The current status of this technology, the major corporations involved in the field, and the potential uses for various types of storage media are described. A sidebar discusses Geac's use of optical media.

Through a survey of 200 employees working in five of the thirty establishments analysed in previous research about the microeconomic effects of reducing the working time (Cahier 25), the consequences on employees of such a reduction can be assessed; and relevant attitudes and aspirations better known.

Purpose – This chapter explores the work of one expert seventh-grade science teacher, Ann, as she used the gradual release of responsibility (GRR) to develop students’ knowledge and use of science language and conceptual knowledge. Ann’s use of scaffolds such as thoughtful definition, classroom discussion, and writing frameworks is explored, as well as her methods of incorporating language into science inquiry, and the evidence she gathered as proof of learning. Her instructional decision-making and specific instructional actions are analyzed to describe the ways she gradually guided students from heavily scaffolded learning opportunities, through guided practice with extensive modeling, and ultimately to independent and accurate use of science language and conceptual knowledge in spoken and written discourse.

Design/methodology/approach – In a researcher/teacher partnership modeled on the practice embedded educational research (PEER) framework (Snow, 2015) the author worked with Ann over four school years, collecting data that included interviews, Ann’s teaching journal, student artifacts, and vocabulary pre/post-assessments. The initial task of the partnership was review of science standards and curricular documents and analysis of disciplinary language in seventh-grade science in order to construct a classroom science vocabulary assessment that incorporated a scaffolded format to build incremental knowledge of science words. Results of 126 students’ pre/post scores on the vocabulary assessment were analyzed using quantitative methods, and interviews and the teaching journal were analyzed using qualitative techniques. Student artifacts support and triangulate the quantitative and qualitative analyses.

Findings – Analysis of students’ pre/post-scores on the vocabulary assessment supported the incremental nature of vocabulary learning and the value of a scaffolded assessment. Improvement in ability to choose a one-word definition and choose a sentence-length definition had significant and positive effect on students’ ability to write a sentence using a focus science word correctly to demonstrate science conceptual knowledge. Female students performed just as well as male students: a finding that differs from other vocabulary intervention research. Additionally, Ann’s use of scaffolded, collaborative methods during classroom discussion and writing led to improved student knowledge of science language and the concepts it labels, as evident in students’ responses during discussion and their writing in science inquiry reports and science journals.

Research limitations – These data were collected from students in one science teacher’s classroom, limiting generalization. However, the expertise of this teacher renders her judgments useful to other teachers and teacher trainers, despite the limited context of this research.

Practical implications – Science knowledge is enhanced when language and science inquiry coexist, but the language of science often presents a barrier to learning science, and there are significant student achievement gaps in science learning across race, ethnicity, and gender. Researchers have described ways to make explicit connections between science language, concepts, and knowledge, transcending the gaps and leveling the playing field for all students. Analysis of Ann’s teaching practice, drawn from four years of teacher and student data, provides specific and practical ways of doing this in a real science classroom. Scaffolding, modeling, and co-construction of learning are key.

Originality/value of paper – This chapter details the methods one expert teacher used to make her own learning the object of inquiry, simultaneously developing the insights and the strategies she needed to mentor students. It describes how Ann infused the GRR into planning and instruction to create learning experiences that insured student success, even if only at incremental levels. Ann’s methods can thus become a model for other teachers who wish to enhance their students’ learning of science language and concepts through infusion of literacy activity.

The purpose of this case study was to explore senior librarians’ perceptions of successful leadership skills in the 21st century. The data gathered from 10 senior library leaders consisted of demographic information and responses to six open-ended interview questions. From the NVivo 10 analysis, several significant themes emerged regarding successful library leadership skills in the 21st century at two levels: foundational and interpersonal. At the foundational level, technical and knowledge skills form the building blocks for the next level of interpersonal skills. Persuasion and collaborative skills are interwoven with these interpersonal skills, both of which are at the core of the postindustrial paradigm of leadership. These two levels of skills, with an emphasis on persuasion skills, should form the basis of succession planning programs for next generation librarians. Implementing such programs could lead to increased leadership diversity, greater job satisfaction, improved job performance and effectiveness, all of which help retain librarians and ease staff shortages. Further studies are recommended.

Investigates the differences in protocols between arbitral tribunals and courts, with particular emphasis on US, Greek and English law. Gives examples of each country and its way of using the law in specific circumstances, and shows the variations therein. Sums up that arbitration is much the better way to gok as it avoids delays and expenses, plus the vexation/frustration of normal litigation. Concludes that the US and Greek constitutions and common law tradition in England appear to allow involved parties to choose their own judge, who can thus be an arbitrator. Discusses e‐commerce and speculates on this for the future.

This chapter provides a comprehensive survey of the contributions of the Austrian school of economics, with specific emphasis on post-WWII developments. We provide a brief history and overview of the original theorists of the Austrian school in order to set the stage for the subsequent development of their ideas by Ludwig von Mises and F. A. Hayek. In discussing the main ideas of Mises and Hayek, we focus on how their work provided the foundations for the modern Austrian school, which included Ludwig Lachmann, Murray Rothbard and Israel Kirzner. These scholars contributed to the Austrian revival in the 1960s and 1970s, which, in turn, set the stage for the emergence of the contemporary Austrian school in the 1980s. We review the contemporary development of the Austrian school and, in doing so, discuss the tensions, alternative paths, and the promising future of Austrian economics.