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Articles 1 - 14 of 14
Full-Text Articles in Business
Behavioural Responses To Beach Erosion And Climate Change, David Anning, Michael Raybould, Dan Ware, Neil Lazarow
Behavioural Responses To Beach Erosion And Climate Change, David Anning, Michael Raybould, Dan Ware, Neil Lazarow
Michael Raybould
No abstract provided.
Strategic Effects Of Three-Part Tariffs Under Oligopoly, Yong Chao
Strategic Effects Of Three-Part Tariffs Under Oligopoly, Yong Chao
Yong Chao
The distinct element of a three-part tariff, compared with linear pricing or a two-part tariff, is its quantity target within which the marginal price is zero. This quantity target instrument enriches the firm's strategy set in dictating the competition to a specific level, even in the absence of usual price discrimination motive. With general differentiated linear demand system, the competitive effect of a three-part tariff in contrast to linear pricing depends on the degree of substitutability between products: competition is intensified when two products are more differentiated, yet softened when two products are more substitutable.
Labor Market Data Needs Relating To Antidiscrimination Activity: Comment, Ronald Ehrenberg
Labor Market Data Needs Relating To Antidiscrimination Activity: Comment, Ronald Ehrenberg
Ronald G. Ehrenberg
[Excerpt] Barbara Bergmann's background paper divides data needs in the antidiscrimination area into data that would be useful in the formulation of national policy and data that would be useful as an aid in enforcing the laws and executive orders against discrimination. Although the former are likely to be of greatest concern to the commission, she has performed a valuable service by discussing these interrelated needs in one place. I find much to agree with, and very little to disagree with or question, in her paper. The presentation is, in the main, an objective one and she tempers her desire …
Review Of The Book Nonmonetary Eligibility In State Unemployment Insurance Programs: Law And Practice, Ronald Ehrenberg
Review Of The Book Nonmonetary Eligibility In State Unemployment Insurance Programs: Law And Practice, Ronald Ehrenberg
Ronald G. Ehrenberg
[Excerpt] This monograph focuses on a relatively under-researched topic, namely, the effects of nonmonetary eligibility rules for both initial receipt of benefits and continued receipt once benefits are granted on the rates at which UI benefits are denied to applicants. The authors very competently employ both econometric and case study research methods to address these issues. Their econometric work utilizes quarterly state-level data between 1964 and 1981 and a fixed-effects framework to isolate those parameters of state unemployment insurance laws that influence denial rates. To supplement these analyses, they conduct interviews with key state and local program officials in six …
Review Of The Book Labor Relations And The Litigation Explosion, Ronald Ehrenberg
Review Of The Book Labor Relations And The Litigation Explosion, Ronald Ehrenberg
Ronald G. Ehrenberg
[Excerpt] Labor Relations and the Litigation Explosion is a very readable book that is easily accessible to nonspecialists. (The author has presented more technical treatments of the material elsewhere; see Flanagan 1986a, 1986b.) The early chapters begin with a discussion of federal policy towards labor relations in the United States under the National Labor Relations Act, a documentation of the growth of unfair labor practice charges that occurred over the 1950-1980 period and then a demonstration that this growth can be only partially "explained" by the changing industrial and regional distribution of employment in the United States. Quite interestingly, he …
Review Of The Book Wage Indexation In The United States: Cola Or Uncola?, Ronald Ehrenberg
Review Of The Book Wage Indexation In The United States: Cola Or Uncola?, Ronald Ehrenberg
Ronald G. Ehrenberg
[Excerpt] Hendricks and Kahn's book is a major contribution to the literature on wage indexation. The authors, together with a team of graduate assistants, have painstakingly put together a data file from Bureau of Labor Statistics and Bureau of National Affairs sources that covers over 10,000 individual contract negotiations during the 1967-82 period. A major portion of their book is devoted to econometric analyses of these data; specifically, analyses of the determinants of COLA incidence, the determinants of COLA strength, the effect of COLAs on wage inflation, and the effect of COLAs on strike activity. Earlier versions of some of …
Exogenous Or Endogenous Money Supply: Evidence From Australia, Zatul Badarudin, Ahmed Khalid, Mohamed Ariff
Exogenous Or Endogenous Money Supply: Evidence From Australia, Zatul Badarudin, Ahmed Khalid, Mohamed Ariff
Ahmed Khalid
This paper investigates the nature of money supply in Australia over two separate monetary policy regimes: monetary and inflation targeting. The post-Keynesian theory on endogenous money was tested with the aim of investigating whether endogenous money supply, if it did exist, followed the accomodationist, structuralist or liquidity preference viewpoints. Data used are quarterly series from 1977 to 2007 and we used vector error-correction model for long-run and short-run causality tests. We found that money supply is endogenous in Australia even when the central bank targeted monetary aggregates during the period 1977 to 1993.
Beach And Surf Tourism And Recreation In Australia: Vulnerability And Adaptation, Michael Raybould
Beach And Surf Tourism And Recreation In Australia: Vulnerability And Adaptation, Michael Raybould
Michael Raybould
The Beach and surf tourism and recreation in Australia: Vulnerability and adaptation project has produced estimates of economic values for recreation and tourism related to beach and surf amenities across four case-study locations in Australia. Estimates of the non-market consumer surplus values of beach recreation indicate that beach recreation is worth around: $70 million per annum (p.a.) to residents of the Sunshine Coast (Qld), $32 million p.a. to residents of Clarence Valley (NSW), $6 million p.a. to residents of the Surf Coast (Vic) and $4 million p.a. for residents of Augusta-Margaret River (WA). In addition to the non-market values, real …
Individually Rational Buyback Contracts With Inventory Level Dependent Demand, Lokendra Devagan, R K Amit, Peeyush Mehta, Sanjeev Swami, Kripa Shanker
Individually Rational Buyback Contracts With Inventory Level Dependent Demand, Lokendra Devagan, R K Amit, Peeyush Mehta, Sanjeev Swami, Kripa Shanker
R K Amit
In this paper, we consider a supply chain coordination problem when demand faced by a retailer is influenced by the amount of inventory displayed on the retail shelf. We assume that shelf space inventory is used as one of the levers to stimulate demand. Our objective in this research is to design individually rational contracts that coordinate the supply chain when the retailer faces inventory-level-dependent demand. We consider a buyback contract where any leftover inventory at the retailer can be returned to the supplier at a pre-specified terms of the buyback contract. The existing buyback contracts in the supply chain …
E-Commerce Patterns In South Asia: A Look Beyond Economics, Nir Kshetri, Nikhilesh Dholakia
E-Commerce Patterns In South Asia: A Look Beyond Economics, Nir Kshetri, Nikhilesh Dholakia
Nikhilesh Dholakia
Conflicting and complex forces are shaping the diffusion patterns of the Internet and e-commerce in South Asia. Drawing upon the literature on institutional theory, we explore the drivers and inhibitors of the Internet in South Asian countries. We examine the influence of the three pillars of institutions (Scott, 1995) on the digital world of South Asia. The paper discusses how regulatory, normative, and cognitive institution–such as laws, relationships, culture, and habit–have shaped the diffusion patterns of the Internet and e-commerce in South Asia.
Regional Integration And Transnational Labor Strategies Under Nafta, Maria Cook
Regional Integration And Transnational Labor Strategies Under Nafta, Maria Cook
Maria Lorena Cook
[Excerpt] This paper argues that while the internationalization of the economy has tended to weaken national labor movements, the internationalization of domestic politics may expand the traditional arenas for strategic action for labor unions. In particular, the North American Free Trade Agreement has been portrayed by some of its many critics as representing the consolidation of a neoconservative or neoliberal project that will not only shape the future economic development of the region, but also constrain its social policies and limit its political options (Grinspun and Cameron 1993: Chapter 1). However, these same critics have also noted that the debate …
When Birds Of A Feather Don’T Flock Together: Different Scientists And The Roles They Play In Biotech R&D Alliances, Annapoornima Subramaniam, Kwanghui Lim, Pek-Hooi Soh
When Birds Of A Feather Don’T Flock Together: Different Scientists And The Roles They Play In Biotech R&D Alliances, Annapoornima Subramaniam, Kwanghui Lim, Pek-Hooi Soh
Kwanghui Lim
A firm's ability to produce high-impact innovations depends upon the nature of its R&D alliances as well as its composition of scientific human capital. The firm's scientific human capital is made up of its scientists, who produce valuable research outputs and who engage with the broader scientific community, thus helping the firm to integrate new knowledge from universities and other firms. In this paper, we examine heterogeneity within the firm's scientific human capital, emphasizing the distinct role of ‘bridging scientists’ who engage in two related but dissimilar scientific activities: patenting and publishing. Using a panel dataset of 222 firms in …
Alternative Estimators Of Cointegrating Parameters In Models With Non-Stationary Data: An Application To Us Export Demand, James Forest, Paul Turner
Alternative Estimators Of Cointegrating Parameters In Models With Non-Stationary Data: An Application To Us Export Demand, James Forest, Paul Turner
James J Forest
This paper presents Monte Carlo simulations which compare the empirical performance of two alternative single equation estimators of the equilibrium parameters in a dynamic relationship. The estimators considered are Stock and Watson’s dynamic ordinary least squares (DOLS) estimator and Bewley’s transformation of the general autoregressive distributed lag model. The results indicate that the Bewley transformation produces a lower mean-square error as well as superior serial correlation properties even with lower truncation lags for the lagged variables included in the estimation equation. An application is then provided which examines the nature of the equilibrium relationship between aggregate US exports, world trade …
Pay-What-You-Want Pricing And Competition: Breaking The Bertand Trap, Yong Chao, Jose Fernandez, Babu Nahata
Pay-What-You-Want Pricing And Competition: Breaking The Bertand Trap, Yong Chao, Jose Fernandez, Babu Nahata
Yong Chao
Pay-What-You-Want (PWYW) pricing is a recent participative pricing strategy where a seller offers a good or service for any price consumers want to pay, including zero or some minimum payment. This paper provides a theoretical framework to study strategic effects of the PWYW pricing under duopoly by incorporating behavioral considerations of consumers in making voluntary payments when they could be freeloaders. Without identifying any particular behavioral factor, we assume that consumers feel a sense of guilt when they pay less than their reference points. It is shown that the PWYW pricing can be a profitable marketing strategy than the conventional …