Farmers,trust, and the market solution to water pollution: The role of social embeddedness in water quality trading

Water quality trading (WQT) is a market arrangement in which a point-source water polluter pays farmers to implement conservation practices and claims the resulting benefits as credits toward meeting a pollution permit. Success rates of WQT programs nationwide are highly variable. Most of the literature on WQT is from an economic perspective emphasizing property rights, transaction costs, and the role of the price signal, but this institutional approach cannot fully account for the differential success rates between and within WQT programs. In this paper I turn to the role of social embeddedness and trust in helping explain these variable outcomes. Using interview data from all WQT programs nationwide I demonstrate that differential success rates between, and particularly within programs is largely determined by the presence or absence of a trusted local intermediary with relationships to the farming community. Trust helps WQT programs succeed because it makes information more credible to farmers, makes outreach to farmers more efficient, and buffers the risk that farmers may perceive in participating in the trading scheme.     

Writing birthing bodies: exploring the entanglements between flesh and materiality in childbirth

ABSTRACT

This article enquires into the lived experiences of childbirth as a site of ‘fleshy becomings’ that disrupts the dominantly cleaned-up approaches to organising. Theoretically, we approach childbirth as a primitively humane experience in which birthing bodies become entangled with the materiality by which they are surrounded. The empirical material of the article consists of 12 in-depth interviews with first-time mothers in Finland as well as of photographs and autoethnographic research notes taken by the two authors of this article. By empirically highlighting the interplay between flesh and materiality in the ‘making’ of birthing bodies, this article offers novel viewpoints on the discussion of embodied experiences as well as on the entangled relations between flesh and materiality in the field of organisation studies. It also makes an empirical contribution using a unique contextual example of ‘birthing’ to illustrate how vulnerable topics can be researched, offering critical viewpoints on this subject.     

Contemporary Afro and two-sidedness: Black diaspora aesthetic practices and the art market

This paper examines the cases of five mid-career artists with Afro origins – Ghada Amer, Julie Mehretu, Wangechi Mutu, Yinka Shonibare, and Kara Walker – using interviews and other data provided by the artists, dealers, curators, contemporary art historians, and a collector. Such a variety of voices follows Negri [2009. Art and Multitude: Nine Letters on Art, Followed by Metamorphoses: Art and Immaterial Labour. Translated by E. Emery. Cambridge, MA: Polity], who suggests a two-sidedness of art as activity and commodity. Black diaspora aesthetic practices – double consciousness, associated with both Du Bois Du Bois, W. E. B. 1903. The Souls of Black Folk. http://www.bartleby.com/114/100.html. [Google Scholar] [1903. The Souls of Black Folk. http://www.bartleby.com/114/100.html] and Gilroy [1993. The Black Atlantic: Modernity and Double Consciousness. Cambridge, MA: Harvard University Press], and post-black, linked to Golden [2001. Freestyle. New York: Studio Museum in Harlem] – are addressed as part of an evolution of multiple identities. This is about how these artists negotiate the social structure they find themselves inhabiting and encountering to create meaning. These artistic phenomena, as commodities dictated by the circulation of capital, draw attention to the contemporary art market. The management of artistic relationships between artists and their dealers emphasizes what Granovetter [1985. “Economic Action and Social Structure: The Problem of Embeddedness.” American Journal of Sociology 91 (3): 481–510], [1992. “Economic Institutions as Social Constructions: A Framework for Analysis.” Acta Sociologica 35: 3–11] calls social embeddedness, the interdependence of economic and non-economic actions.     

Goal-oriented agents in a market

We consider a market where “standard” risk-neutral agents coexist with “goal-oriented” agents who, in addition to the expected income, seek a high-enough monetary payoff (the “trigger”) to fulfill a goal. We analyze a two-sided one-to-one matching model where the matching between principals and agents and incentive contracts are endogenous. In any equilibrium contract, goal-oriented agents are matched with the principals with best projects and receive the trigger with positive probability. Moreover, goal and monetary incentives are complementary: goal-oriented agents receive stronger monetary incentives. Finally, we discuss policy interventions in relevant environments.     

Ecological embeddedness: An interrogation and refinement of the concept within the context of alternative food networks in the UK

Among their many ‘alternative’ characteristics, food networks that seek to reconfigure the relationship between producers and consumers are understood as having the potential to be beneficial for the rural environment and landscape. One of the ways in which this characteristic has been conceptualised is through the notion of ‘ecological embeddedness’. Although the roots of this concept lie in economic sociology, where the social embeddedness of economic relations has been the focus of interest, agro-food researchers have extended its meaning to suggest that alternative or ‘quality’ food production can also be seen as increasingly embedded in ‘natural’ or ecological processes. However, this paper argues that until now the notion of ecological embeddedness has lacked conceptual clarity. As such, the aim is to interrogate and refine the concept of embeddedness, specifically as it pertains to ecologies within the context of food production on-farm. Ecological embeddedness, it is argued, must encompass more than just recognition of the general influence of the natural environment on economic activity. Specifically, it must reflect a change in the relations between economic actors and the natural environment that produces a benefit to both. The paper also establishes how the concept of ecological embeddedness might be operationalised in research practice as a means of exploring the ecological dimensions of alternative food networks. An illustration of this empirical application is provided. The paper concludes by asserting the value of ecological embeddedness as a concept, in spite of the observed limitations of embeddedness in other contexts and the challenges that are associated with its ecological application.     

上海国际金融中心建设与南京区域金融中心构想

上海国际金融中心建设是重要的国家战略,中国迫切需要有这一竞争战略高地的支撑。应当坚持从国家战略高度,理解、思考、谋划、引领上海国际金融中心建设,一要强化目标意识和差距意识;二要加强金融市场和金融机构两个体系建设;三要大力发展投资基金类金融中心;四要提升金融服务水平,改善金融发展环境。南京区域金融中心构建是泛长三角一体化的迫切需要,有着众多的优势条件。应当明确指导思想与指导原则：壮大南京金融体系,做强南京金融机构;建设南京金融后台服务产业基地;建立推进南京区域金融中心构建的保障条件。上海国际金融中心和南京区域金融中心同在中国长三角和泛长三角地区,区域内各城市都应参与合作共建与联动。上海、南京这两个中心建设应当积极进行错位联动发展。     

Limits to expansion: transnational corporations and territorial embeddedness in the Japanese temporary staffing market

Recent changes to employment legislation have combined with shifting macro‐economic conditions to drive dramatic growth in Japan's temporary staffing industry. Leading transnational staffing agencies have sought to capitalize on this growth as part of their wider globalization strategies but have faced substantial challenges both in entering the market and in their subsequent attempts at expansion. In this article, we explore the ways in which the particularities of the Japanese host market regulatory and institutional environment combine with the inherent characteristics of the temporary staffing business model to challenge the expansionary strategies of these firms. We argue that while transnational firms have sought to adapt their business practices and strategies to the Japanese case, the attributes of the Japanese staffing market mean they have been unable to make significant inroads into the dominant market shares held by their domestic rivals.     

香港离岸市场与上海在岸市场联动推进人民币国际化研究

近年来,为推进人民币国际化,中央在香港地区推出一系列旨在促进人民币离岸市场发展的举措,使得香港地区在筹集人民币资金、推进人民币结算等方面取得了长足的进展。但由于人民币投资及回流渠道有限,以及允许境外人民币投资的金融产品有限,人民币国际化进程仍相对滞后。对此,国家应采取香港地区离岸市场与上海在岸市场联动的模式,推进人民币真正意义上的国际化。     

Legitimacy and status groups in financial markets

Economic sociologists have argued that financial markets should be analysed as uncertainty-processing social networks and intermediary groups. Networks and intermediaries alone cannot confer legitimacy upon financial actors and transactions. Status groups are a solution to this problem. They emphasize reputation, honour and good social behaviour as stabilizers of collective action, as means of social control and as indicators of legitimacy. I examine here the emergence and evolution of status groups of brokers in London, New York and Paris, and show how emphasis on honour was used to legitimize financial transactions. I argue that financial markets should be conceived as networks, intermediary and status groups. In global, automated financial markets status groups like securities analysts are gaining in prominence.     

Social networks and labour market outcomes in a meritocracy

This paper examines the significance of personal contacts in job searches, in the context of Singapore's meritocratic system. I show that in certain sectors, such as the state bureaucracy, social networking brings no distinct advantages as appointments are made exclusively on the basis of the academic credentials of the candidates. Thus, personal contacts are not always useful, especially in labour markets that rely heavily on the signalling role of academic credentials to match persons to jobs and allocate rewards. In contrast, personal contacts are more useful among less qualified job searchers in the private sector.     

Addiction and intrapersonal externalities in the labour market

This paper attempts to model individual decision-making with respect to alcohol consumption as an intrapersonal game among different temporal selves. A temporal self’s decision regarding alcohol consumption is shown to affect the utility of other selves. This externality gives rise to a potential co-ordination problem. The co-ordination problem may lead to the existence of multiple intrapersonal equilibria which are Pareto rankable. The analysis of alcohol addiction is likely to yield very different conclusions when based upon such a framework as compared to Becker and Murphy’s (1988) rational addiction approach. For example, the reinforcement process characterising addiction emerges not because of the increased marginal benefits associated with alcohol consumption, but rather due to the decreased marginal productivity in the production of substitute commodities. The reasons for the persistence of addictive behaviour and potential for recovery are explored and the effect of depression on addictive consumption is illustrated.     

Financial decision-making abilities and financial exploitation in older African Americans: Preliminary validity evidence for the Lichtenberg Financial Decision Rating Scale (LFDRS)

ABSTRACT

This study examines preliminary evidence for the Lichtenberg Financial Decision Rating Scale (LFDRS), a new person-centered approach to assessing capacity to make financial decisions, and its relationship to self-reported cases of financial exploitation in 69 older African Americans. More than one third of individuals reporting financial exploitation also had questionable decisional abilities. Overall, decisional ability score and current decision total were significantly associated with cognitive screening test and financial ability scores, demonstrating good criterion validity. Study findings suggest that impaired decisional abilities may render older adults more vulnerable to financial exploitation, and that the LFDRS is a valid tool.     

Adopting a financial capability and asset-building curriculum at historically Black colleges and universities

ABSTRACT

Social workers currently engage in financial capability practice with low-income and financially vulnerable individuals and families in diverse practice settings, but typically lack professional preparation for this work. In response, several schools of social work have begun adopting financial capability curricula. Using an in-depth interview methodology, this study examines the adoption of a curriculum in financial capability and asset building (FCAB) from the perspectives of faculty and administrators (N = 19) at four historically Black colleges and universities (HBCUs). Findings show that key reasons for curriculum adoption are prior working relationships and trust, relevance of FCAB content to student and community needs, and alignment with program, institutional, and professional goals. Using the diffusion of innovation theory to understand curriculum adoption in HBCUs suggests that perhaps trust and relationship building are particularly important in the case of minority serving institutions.     

From obligations to negotiations: reciprocity and reflexivity in informal financial support

This article examines the processes of informal support exchange in wider social network relationships with a particular focus on conditions that are of significance for financial support. The intention, with a point of departure in 24 qualitative interviews with single adults in Sweden, is to present an interactionist model to explain how such support is formed and how it can be analysed and understood. The article shows that such support is by no means purely dependent on financial considerations and resources. The types of relationship and the specific situations in which individuals are placed in positions that demand reflection upon, and communication about, their need for support, can be likened to a negotiation and are of equal importance. Furthermore, the provision of informal support is also influenced by moral and social norms relating to responsibility, care obligations, self-sufficiency and independence, which are, amongst other things, embedded in our social political system.     

Privatize your name: Symbolic work in a post-Soviet linguistic market

This paper analyzes the new names given to Russian private businesses that have appeared after the collapse of the Soviet State in 1991. By naming new private ventures their owners members of the new business class attempt to privatize public space not only legally but also symbolically and linguistically. They strive to construct their particular new version of social reality, to represent it as positive and meaningful, and to impose themselves publicly as legitimate authors, owners, and masters of this new reality. This paper proceeds on several distinct levels of analysis. First, it analyzes a number of discourses, representing various subcultures and periods of Soviet and Russian history, from which new business names draw their complex meanings. Second, it considers concrete linguistic and semiotic techniques that are employed by the new names in this process. Third, it examines the cultural and social implications of this process of nomination for post-Soviet developments in the Russian society.     

Parental financial support and filial responsibility in emerging adulthood: a comparative study between the United States and South Korea

Why do parents provide considerable financial support to their children in college? How do college students feel about their parental financial support and how does it differ between American and Korean cultural contexts? Based on multiple group analysis, we tested the impact of family income and parents’ education on parental tuition and living expenses supports, which in turn affects college students’ perception of filial responsibility across the United States and South Korea. Participants included 179 American college (AC) students from Syracuse University and 268 Korean college (KC) students from Yonsei University Wonju. We found that family income was significantly related to an increase in parental tuition and living expenses supports for both AC and KC students. However, parents’ education was significantly related to an increase in parental tuition and living expenses supports for AC students, but not for KC students. In addition, parental tuition support was related to an increase for filial responsibility, and parental living expenses were related to a decrease in filial responsibility in KC students, but not for AC students. These results indicate that the association between parental financial support and college students’ perception of filial responsibility differs across American and Korean cultural contexts.     

Differences in Factors Attracting Consumers to Taiwan's Supermarkets and Traditional Wet Markets

Exit interviews were used to summarize factors attracting consumers to six supermarkets and three wet markets in a representative city. Using the history of the marketplace as the foundation for analysis, the strengths and weaknesses of the two retail formats are introduced and are compared to the consumer response data. Findings indicate that the decline of Taiwan's traditional markets will probably continue until all are replaced by new retail formats. Currently, the traditional market is in the weakest of all the retail positions since it supplies the needs of a shrinking population of older consumers with preferences and shopping behaviors unlike those of younger, nontraditional consumers. Supermarket expansion is slowing because new hypermarkets, convenience stores, and warehouse stores are competing to satisfy the needs of the younger, more mobile target population. Overall, store formats that provide lower prices, sales promotions, a good environment, good product quality, and good service have the greatest opportunity to build consumer loyalty and increase market share.     

Cognitive,social, and neural determinants of diminished decision-making and financial exploitation risk in aging and dementia: A review and new model

ABSTRACT

In this article we will briefly review how changes in brain and in cognitive and social functioning, across the spectrum from normal to pathological aging, can lead to decision-making impairments that increase abuse risk in many life domains (e.g., health care, social engagement, financial management). The review will specifically focus on emerging research identifying neural, cognitive, and social markers of declining financial decision-making capacity in older adults. We will highlight how these findings are opening avenues for early detection and new interventions to reduce exploitation risk.     

Economic Freedom and Economic Growth in South East Europe

Economic freedom, understood as absence of barriers for business entry, business operations and business exit, is a source of economic development. Its impact is indirect: through institutions framework creation and environment that encourages economic development. Primarily, economic freedoms are a reflection of institutional arrangement, which makes business operations and the realization of business ideas easier for entrepreneurs and managers, who are two extremely important groups for economic development. The aim of the paper is to present empirical analysis of interrelation between economic freedom and economic development, expressed through several indicators, such as gross domestic product, income per capita, foreign direct investment per capita.