Reporting on financial derivatives –A Law and Economics perspective

Fearing Enron-like financial fiascos concerning derivatives, accounting standards boards have issued new standards aimed at promoting higher transparency and reducing information asymmetries. After persistent reluctance, and despite significant criticism, the pertinent International standard, with some exceptions, was finally adopted by the E.U., for the sake of intra-European and cross-Atlantic accounting harmonization, for which the standard constituted sine-qua-non. These reluctance and criticism are not unfounded, as the standards might paradoxically result in increased information asymmetries, not easily mitigated by additional disclosure, and ultimately resulting in distortion of capital allocation and corporate governance mechanisms. Suggestions for more efficient solutions are outlined herein. JEL Classification G34 · M40     

The Network of Law Reviews: Citation Cartels,Scientific Communities,and Journal Rankings

Research evaluation is increasingly influenced by quantitative data. We focus on the influential Web of Science Journal Citation Reports (JCR) ranking of law journals and critically assess its methodology. In particular, we consider the existence and impact of a tacit citation cartel between US law reviews. A study of 45 US student‐edited (SE) and 45 peer‐reviewed (PR) journals included in the category of Law in the JCR revealed that PR and SE journals are more inclined to cite members of their own class and that this phenomenon is more pronounced in SE generalist journals, reflecting tacit cartelistic behavior generated by deeply entrenched institutional practices. Because US SE journals produce more citations than PR journals, the fact that their citations are directed almost exclusively to SE journals elevates their scores and distorts the journals' ranking and can consequently undermine the flow and creation of ideas. We discuss policy measures that can counter the adverse effects of this situation.     

Cybercrimes in the Former Soviet Union and Central and Eastern Europe: current status and key drivers

Some economies in the Former Soviet Union and Central and Eastern Europe (FSU&CEE) are known as cybercrime hotspots. FSU&CEE economies have shown complex and varied responses to cybercrimes due partly to the differential incentives and pressures they face. This study builds upon literatures on white-collar crime, institutional theory and international relations (IR)/international political economy (IPE) perspectives to examine the low rates of prosecution and conviction of suspected cybercriminals in some economies in the FSU&CEE and variation in such rates across these economies. The findings indicate that cybercrime cases are more likely to be prosecuted and sanctions are imposed in economies that are characterized by a higher degree of cooperation and integration with the West. Cybercriminals are less likely to be jurisdictionally shielded in such economies. Our findings also suggest that a high degree of cooperation and integration with the West would lead to access to resources to enhance system capacity and law enforcement performance to fight cybercrimes.     

Argument Repertoire as a Reliable and Valid Measure of Opinion Quality: Electronic Dialogue During Campaign 2000

A new measure of opinion quality that we name "argument repertoire" (AR) is introduced and evaluated. AR refers to the relevant reasons that one has for one's own opinions and the relevant reasons that others with opposite opinions might have. The measure is shown to be reliable and to have construct validity. Those with elevated AR also were more likely to attend on-line deliberative groups during the presidential election and to contribute to those conversations. Those who participated in online deliberations tended to have higher AR scores on particular issues that were discussed. The role of AR in deliberative political groups is explored.     

Psychophysiology in the Study of Political Communication: An Expository Study of Individual-Level Variation in Negativity Biases

The use of psychophysiological measures has been relatively common in the study of communication; there has been a recent increase in interest among political behavioralists as well. There has nevertheless been a limited body of work that uses psychophysiological measures to better understand the impact of political mass media content. This article presents the case for using psychophysiological measures to study political communication. Focusing on skin conductance, it outlines the advantages of this measure for capturing subconscious responses to media over time, second-to-second. It then presents results from recent experimental work in the United States that highlights individual-level variation in responsiveness to negative versus positive news content—variation that is correlated with measures of psychophysiological reactions to non-news content, suggesting the relevance of deep-seated predispositions in psychophysiological research on media effects.     

Cyberwarfare in the Korean Peninsula: Asymmetries and Strategic Responses

In this paper, we argue that the two Koreas’ intentions and actions on the cyber front point toward the possibility that they have engaged in cyber warfare against each other. From South Korea’s standpoint, a key concern has been North Korea’s advanced cyber warfare capabilities and alleged involvement of its substantial workforce in the Internet’s dark side activities. These issues need to be looked at the backdrop of the North’s nuclear and ballistic missile capabilities. This paper draws principally upon theories and concepts from military strategy and warfare to examine the contexts, mechanisms, and processes associated with the cyber warfare in the Korean peninsula. We also compare the two Koreas in terms of various forms of asymmetries in cyber warfare and cyber attacks. Also highlighted in the paper are South Korea’s recent initiatives and actions to enhance cyber-offense and cyber-defense capabilities.     

Can a 12-step program work in methadone maintenance treatment?

Three consecutive, professionally led (as opposed to self-help) groups following the 12-step program (TSP) were integrated into a methadone maintenance treatment (MMT) program that included 32 heroin-addicted individuals in recovery. This report describes our experience in meeting the challenges that arose and our conclusions regarding the therapeutic potential of this integration. A professional therapeutic staff guided the groups. In-depth interviews of 10 participants and the reflections of the group leaders provided data for learning about the groups' experience. Initially the participants rejected the concepts of Step 1, powerlessness and unmanageability of life. The assimilation of Step 4 (defining character defect) also aroused some resistance. The participants eventually adopted the pragmatic aspects of TSP, including its terminology. The establishment of a common language of recovery helped to create group coherence and a sense of belonging, and helped to meet the needs of those who felt stigmatized by both the nonaddicted and addicted population undergoing nonmethadone recovery. TSP could be adapted to various aspects of daily life, produced a sense of self-efficacy, and stimulated motivation for change. Therapeutic implications are discussed.     

Bolt Cutter Blade's Imprint in Toolmarks Examination

Bolt cutters are known as cutting tools which are used for cutting hard objects and materials, such as padlocks and bars. Bolt cutter blades leave their imprint on the cut objects. When receiving a cut object from a crime scene, forensic toolmarks examiners can determine whether the suspected cutting tool was used in a specific crime or not based on class characteristic marks and individual marks that the bolt cutter blades leave on the cut object. The paper presents preliminary results of a study on ten bolt cutters and suggests a quick preliminary examination—the comparison between the blade thickness and the width of the imprint left by the tool on the cut object. Based on the comparison result, if there is not a match, the examiner can eliminate the feasibility of the use of the suspected cutting tool in a specific crime. This examination simplifies and accelerates the comparison procedure.