A sociological economy of HIV/AIDS vaccine partnerships: case studies from Africa and India

Public–private partnerships (PPPs) are perhaps the key emergent theme in the delivery of what the socio-economic literature terms global public goods. In light of the problems relating to the distribution of health services and products in developing countries, partnerships between public and private institutions are often proposed as an innovative mechanism to reconnect and reorient supply and demand. In this area, the International Aids Vaccine Initiative (IAVI), which is driving the development of candidate HIV/AIDS vaccines through injections of capital into the research process, represents a significant case study. IAVI seeks to form partnerships between key public and private interests committing them to sharing the risks, costs and benefits of research into an effective and affordable vaccine against HIV. Our empirical work covers partnerships based in several countries including Kenya, Uganda, Rwanda and India. Our early findings highlight IAVI's ability as a learning institution as it adapts its institutional arrangements to various local contexts. An offshoot of this appears to be the building of real local capacity.     

Contested Terrain of the Global Fisheries: “Dolphin-Safe” Tuna,The Panama Declaration,and the Marine Stewardship Council1

ABSTRACT The globalization of socio-economic relations is a central topic of discussion in both the general literature on economy and society and in the area of food and agriculture. Many maintain that we are in a transition from one era, termed Fordism, to another, called Global Post-Fordism. We use the case of two fisheries eco-labeling programs to inform discussions regarding the emergence of stabilizing socio-economic mechanisms in the Global Post-Fordist era. We argue that recent developments in the tuna-dolphin case, the first major experiment with eco-labeling in the fisheries industries, combined with the Marine Stewardship Council, an initiative designed to regulate and certify a system of global “sustainable fisheries” through an eco-labeling program, provide valuable insights into the ideological and organizational structure of salient global actors in the Post-Fordist era. The discussion addresses (1) the contested terrain within the “North” and between the “North” and the “South” regarding eco-legislation to regulate the global fisheries; (2) the fracturing of the environmental movement into “mainstream” and “grassroots” camps and the resulting inability to maintain a coordinated agenda to counter the globalization project; and (3) the emergence of new forms of supranational state-like regulatory mechanisms that combine science with free trade and environmental ideals and propose to resolve the global fisheries crises by providing sustainable socio-economic coordination. We conclude that the emergence of these supra-national state-like NGOs raises important implications for the sovereignty of nation-states and democratic action on the part of subordinate groups opposed to the globalization project.     

Human mobility in the context of environmental and climate change: Recent data collection tools from the International Organization for Migration to address key methodological and conceptual issues

This paper outlines recent data collection tools and methodologies that the International Organization for Migration (IOM) has been using in order to gather information on human mobility as influenced by environmental factors and their impacts. It looks at alternative ways for collecting and analysing data in the face of methodological challenges related to the multicausality of movements, the voluntary/involuntary continuum in human (im)mobility decisions in the context of environmental and climate change, and the policy and epistemological imperative from viewing migration as an adaptation strategy. The paper finds that certain data collection approaches can be quickly deployed in rapid-onset disasters as well as applied in contexts of gradual, slow-onset environmental change to provide information useful for operational responses to immediate crises and/or for developing policies in response. Some of the tools can be useful in both contexts and may support both immediate and long-term operational, policy and research objectives.     

The sovereign crisis and Italy’s potential output

We evaluate the effects of the European sovereign crisis on Italian potential output (natural output, in the absence of nominal rigidities) by simulating a New Keynesian model. Our results are as follows. First, the 2011–2013 recession subtracted 1.6 percentage points from potential output growth and widened the output gap. Second, the 2013 reforms limited the reduction in output capacity to 1.4 points and enhanced long-run growth by 3. Third, once a balanced budget is achieved in the medium term, reductions in either labor or capital income taxes would boost potential output growth by 0.2 points per year.     

Firm internationalization and performance: Evidence for designing policies

The debate on the relationship between internationalization and performance is still open and is a hot topic for policymakers, but they ignore the impacts for most of the firms supported. The paper is based on a large database of seven years that considers quantitative-qualitative and control variables. To reduce industry and country heterogeneity we focused on the Italian automotive supply chain. We tested 5 modes of internationalization on firms’ profitability so to support the design of policies. Our results are partially in contrast with literature; therefore we identify specific environments where policies, namely for exporting, could be more effective.     

Dynamic Mechanism Design: A Myersonian Approach

We study mechanism design in dynamic quasilinear environments where private information arrives over time and decisions are made over multiple periods. We make three contributions. First, we provide a necessary condition for incentive compatibility that takes the form of an envelope formula for the derivative of an agent's equilibrium expected payoff with respect to his current type. It combines the familiar marginal effect of types on payoffs with novel marginal effects of the current type on future ones that are captured by “impulse response functions.” The formula yields an expression for dynamic virtual surplus that is instrumental to the design of optimal mechanisms and to the study of distortions under such mechanisms. Second, we characterize the transfers that satisfy the envelope formula and establish a sense in which they are pinned down by the allocation rule (“revenue equivalence”). Third, we characterize perfect Bayesian equilibrium‐implementable allocation rules in Markov environments, which yields tractable sufficient conditions that facilitate novel applications. We illustrate the results by applying them to the design of optimal mechanisms for the sale of experience goods (“bandit auctions”).     

Hazards of neoliberalism: delayed electric power restoration after Hurricane Ike

This case study explores how neoliberal policies shape the impacts of a natural disaster. We investigate the reactions to major damages to the electric power system and the restoration of power in the wake of Hurricane Ike, which devastated the Houston, Texas, metropolitan area in September 2008. We argue that the neoliberal policy agenda insured a minimalist approach to the crisis and generated dissatisfaction among many residents. The short-term profitability imperative shifted reconstruction costs to consumers, and prevented efforts to upgrade the electric power infrastructure to prepare for future disasters. We illustrate the serious obstacles for disaster mitigation and recovery posed by neoliberal policies that privatize public goods and socialize private costs. Neoliberalism neither addresses the needs of a highly stratified public nor their long-term interests and safety.     

‘The Captain of the Band is un Galant Uomo’: The Good Bandit from Boccaccio to Washington Irving

The article explores the figure of the “good bandit,” connecting representations of the historical personage Ghino di Tacco in late-medieval Italian literature with the bandits in Washington Irving’s travel tales. Ghino di Tacco was a notorious bandit, known for raiding pilgrims and travelers in thirteenth-century Tuscany. Nevertheless, according to literary sources such as Boccaccio's Decameron, the infamous raider left his victims unharmed and with the means necessary to complete their journeys. Sources also indicate that Ghino di Tacco became a bandit because of factional disputes and was eventually pardoned by Pope Boniface VIII for healing the Abbot of Cluny. Similarly, the fictional bandits in Irving’s Tales of a Traveller (1824) are revealed to be men of moral standing, forced into a violent life of banditry in response to the excesses of nineteenth-century Italy’s ruling classes. His tales redeem the figure of the bandit from crude one-dimensional treatments common in the works of English writers such as Ann Radcliffe. Pivoting from established proposals that have characterized bandits as either criminals or revolutionaries, this article argues that, for Boccaccio as with Irving, the figure of the good bandit functions as a symbol of reconciliation and social reintegration.     

The 'Lombardy Model': Subsidiarity-informed Regional Governance

This article provides a concise overview of the Lombardy region's experience of government during the past twelve years. During this period, legislative, political and administrative strategic decisions have been informed by a distinctive vision, anchored in the principle of subsidiarity. The main characteristics of the emerging governance model are discussed: its political, juridical and social contexts; its underlying principles; its main policy goals, instruments and initiatives; and its criticalities and challenges.     

DISTANCE AND FOREIGN DIRECT INVESTMENT WHEN CONTRACTS ARE INCOMPLETE

We introduce incomplete contracts in a model where multinational firms from a certain country (“North”) can decide to serve a foreign market (“South”) through exports or through horizontal foreign direct investment (FDI). FDI relies on the supply of specialized intermediate inputs that could be supplied either by northern suppliers or by suppliers located in South. Intermediate sourcing contracts are complete in North but not in South. Were southern contracts also complete, FDI would arise only when trade barriers are high enough. Incomplete contracts in South generate, instead, a non‐linear relation between trade barriers and FDI as foreign investment emerges also when trade barriers are low enough. The reason is the positive effect that low trade barriers have on the bargaining power of final producers with respect to their southern suppliers. (JEL: F23, F12)