Incentive Contracts for Managing a Project with Uncertain Completion Time

We examine two time‐related incentive project management contracts (C1 and C2 contracts) when the manager conducts a reverse auction. Under the C1 contract, the contractor with the lowest bid price wins; however, the manager imposes a linear and symmetric incentive/disincentive for early/late completion according to a pre‐specified due date. Under the C2 contract, the winning contractor has the lowest composite score that is based on the quoted price and the quoted due date; however, in addition to the linear and symmetric penalty/incentive, the contractor is subject to an additional penalty for late completion. While the C2 contract is more sophisticated than the C1 contract (in terms of the number of decisions that each party has to make), our analysis reveals that, unless the project is truly urgent, the more complicated C2 contract adds no value to the manager— the simple C1 contract will suffice.     

Faction in Movement: The Impact of Inclusivity on the Anti‐Globalization Movement*

Objectives. This research examines and evaluates the reasons why the anti‐globalization movement has yet to make significant progress in achieving its primary goals of democratizing international trade negotiation processes. Methods. Data on anti‐globalization protest cycles were collected from news sources for a time period of up to one month that encapsulated the protest events. From these, I constructed brief case narratives of the major events in Seattle, Washington, DC, Prague, Quebec City, Genoa, and Doha to illustrate my argument. Results. I find that the democratic master frame employed by the movement results in two important limitations: (1) the movement cannot exclude participants without undermining its legitimacy, and (2) its lack of a centralized organizational framework makes it impossible to police the actions of participants during major protests. Recognizing these limitations, states hosting global economic summits have demonstrated increasingly a willingness to utilize repressive measures against the movement thereby undermining the movement's ability to achieve its goals. Conclusion. I conclude that the inability of the anti‐globalization movement to exclude violent participants will continue to limit its effectiveness given states' increasing willingness to employ repressive tactics indiscriminately.     

Financial management and control of supplementary pension schemes

As a result of demographic, financial and other pressures on social security schemes, governments are increasingly seeking to promote the development of complementary pension schemes and a partnership between the public social security system and private provision through occupational pension schemes or individualized pension arrangements. This paper considers the different aspects of complementary pension schemes which might be subject to some degree of regulation and deals briefly with some of the options available for establishing a satisfactory system of regulation and supervision.     

Explaining Variations in the Nonprofit Founding Process

Although the organizational founding process is subject to various isomorphic pressures, significant variation is still found in the completion, ordering, and timing of founding events. Prior research on entrepreneurship suggests the importance of education and previous experience in determining who is best positioned to recognize entrepreneurial opportunities, which may explain some of the variation in the founding process. In this article the authors present an analysis of an original survey of recently founded religious nonprofits to better understand how founder, organizational, and contextual characteristics influence the founding process in this specific nonprofit context. Overall, the authors’ findings show that founder education and experience particularly affect the founding process as well as organizational characteristics; however, these effects vary across different dimensions of this process.     

Habitat selection by an arboreal lizard in an urban parkland: not just any tree will do

The nocturnal, arboreal Marbled Gecko, Christinus marmoratus, is a common reptile in urban areas in southern Australia. This study compared the demographics and the distribution of geckos occupying different tree species in a modified urban park, the Adelaide Parklands, with those of a population occurring in Ferguson Conservation Park, a nearby native vegetation remnant surrounded by suburbia. The geckos in the modified urban and native remnant parks demonstrated different demographic characteristics. These differences were explained by tree circumference and the amount and type of bark cover on the tree trunk. In the Parkland, geckos were limited by the availability of thick exfoliating bark, its clearly preferred microhabitat as demonstrated by a laboratory choice experiment. The preference for trees with larger circumference, more cover, and thick bark were probably linked to thermoregulation, predator avoidance, and food resources. This study supports the premise that to support populations of urban animals, tree species selection needs careful consideration with regard to its microhabitat capabilities as well as food provision and other resource supports it can provide.     

Economic Stress and the Great Recession in Ireland: Polarization,Individualization or ‘Middle Class Squeeze’?

Following an unprecedented boom, since 2008 Ireland has experienced a severe economic and labour market crisis. Considerable debate persists as to where the heaviest burden of the recession has fallen. Conventional measures of relative income poverty and inequality have a limited capacity to capture the impact of the recession in terms of social exclusion. This is exacerbated by a dramatic increase in the scale of debt problems including significant negative equity issues. Our analysis provides no evidence for individualization or class polarization of risk. Instead, while economic stress level is highly stratified in class terms in both boom and bust periods, the changing impact of class is highly contingent on life course stage. An income based classification showed that the affluent income class saw its advantage relative to the income poor class decline at the earliest stage of the life-course and remain stable across the rest of the life course. At the other end of the hierarchy, the income poor class experienced a relative improvement in their situation in the earlier life-course phase and no significant change at the later stages. For the remaining income classes, life-course stage was even more important. At the earliest stage the precarious class experienced some improvement in its situation while the outcomes for the middle classes remain unchanged. In the mid-life course the precarious and lower middle classes experienced disproportionate increases in their stress levels while at the later stage it is the combined middle classes that lost out. Additional effects over time relating to social class are restricted to the deteriorating situation of the petit bourgeoisie at the middle stage of the life-course. The pattern is clearly a good deal more complex than that suggested by conventional notions of ‘middle class squeeze’ and points to the distinctive challenges relating to welfare and taxation policy faced by governments in the Great Recession.     

The evolutionary anthropology of political leadership

Existing approaches within leadership studies often share a bias towards industrialized societies and lack broader cross-cultural and ethological reference. Meanwhile, cross-cultural and evolutionary approaches within anthropology are actively working to unify research on leadership and followership across the biological and social sciences. This review provides a novel and thorough view of political leadership as investigated by evolutionary anthropologists and highlights the benefits of incorporating findings from the evolutionary social sciences into leadership studies generally. We introduce the anthropological approach to leadership; describe evolutionary anthropology, its subdisciplines (including primatology, paleoanthropology, paleogenetics, human behavioral ecology, and gene-culture coevolution), and its complementary disciplines (particularly evolutionary psychology); review leadership and hierarchy in nonhumans, including our extinct hominid ancestors; review female leadership and sex-differences; and, primarily, discuss the relationships between evolution, ecology, and culture as they relate to the observed patterns of political leadership and followership across human societies. Through evolutionary anthropology's diverse toolkit, a deeper insight into the evolution and cross-cultural patterning of leadership is realized.     

LABOR MARKET SHARE CONTRACTS WHEN THE FIRM HAS TWO VARIABLE INPUTS

This paper extends Weitzman's analysis of share contracts. Firstly, a second variable input is introduced into a firm's production technology. Some share contracts give the firm an incentive to reduce worker compensation by manipulating the second variable input. This implies that contracts which possess this property cannot support the same long-run equilibrium as would be achieved with a wage contract. Secondly, a positively sloped labor supply curve is introduced. It is shown that while share contracts reduce involuntary unemployment, they may not reduce total unemployment vis-a-vis wage contracts. The paper identifies the factors which determine relative employment variability.