DID THE EURO FOSTER ONLINE PRICE COMPETITION? EVIDENCE FROM AN INTERNATIONAL PRICE COMPARISON SITE

We study the impact of the Euro on prices charged by online retailers within the European Union. Our data span the period before and after the Euro was introduced, cover a variety of products, and include countries inside and outside of the Eurozone. After controlling for cost, demand, and market structure effects, we show that the pure Euro changeover effect is to raise average prices in the Eurozone by 3 % and average minimum prices by 7%. Finally, we develop a model of online pricing in the context of currency unions and show that these price patterns are broadly consistent with those of clearinghouse models. (JEL D400, D830, F150, L130, M370 )     

Diasporas à la française: recent francophone contributions to the literature

Books reviewed in this article S. Dufoix, Les Diasporas C. Chivallon, La diaspora noire des Amériques: expériences et théories à partir de la Caraïbe M. Bruneau, Diasporas et espaces transnationaux L. Anteby‐Yemini, W. Berthomière and G. Sheffer (eds) Les Diasporas: 2,000 ans d'histoire     

American Empires: Past and Present*

L'auteur établit une typologie des empires. Qu'ils soient «directs» ou «indirects», les empires possèdent nécessairement des colonies. Ce n'est pas le cas des empires «informels», mais ceux–ci peuvent être divisés en trois sous‐types: les empires «canonniers», «mandataires» et d' «ajustement structurel», à quoi s'ajoute «hégémoniques» comme type de domination non impérial, chaque type tendant à présenter une forme de règles plus douces que le précédent. Les vrais empires sont constitués de différents assortiments de ces règles et, à mesure qu'ils vieillissent, elles tendent à s'alléger. C'est pour cette raison que l'empire américain n'a pas eu de véritable colonie depuis le début du XX^e siècle et que des formes plus modérées d'empires informels, après la Deuxième Guerre mondiale, se sont alliées à l'hégémonie. Pourtant, les années 1970 ont connu un plus grand ajustement structurel de l'impérialisme américain alors que les années 1990 et 2000 ont fait face à une tentative d'établissement d'un empire américain canonnier à grande échelle. L'échec de celui‐ci menace présentement l'impérialisme américain en général. This paper lays out a typology of empires. “Direct” and “indirect” empires involve colonies. “Informal” empire does not, but can be divided into three subtypes, “gunboats,”“proxies,” and “structural adjustment.”“Hegemony” is added as a nonimperial type of domination. Each tends to be a lighter form of rule than the preceding one. Real empires contain varying mixtures of these and as they age, their rule tends to lighten. Thus in the American empire, there have been no real colonies since the beginning of the twentieth century, and after World War II milder forms of informal empire were blended with hegemony. Yet the 1970s saw an increase in American structural adjustment imperialism, while the 1990s and the 2000s saw an attempt at large‐scale American gunboat empire. The failure of the latter is now threatening American imperialism more generally.     

NATURAL DISASTERS AS CREATIVE DESTRUCTION? EVIDENCE FROM DEVELOPING COUNTRIES

Recent studies found a robust positive correlation between the frequency of natural disasters and the long-run economic growth after conditioning for other determinants. This result is interpreted as evidence that disasters provide opportunities to update the capital stock and adopt new technologies, thus acting as some type of Schumpeterian creative destruction. The results of cross-country and panel data regressions indicate that the degree of catastrophic risk tends to have a negative effect on the volume of knowledge spillovers between industrialized and developing countries. Only countries with relatively high levels of development benefit from capital upgrading through trade after a natural catastrophe . ( JEL O13, O30, F18)     

Stress and Organizational Culture

Summary The relationship between social work and stress is a complexone which remains relatively under-explored. This paper examinesissues arising from a comparative study of stress in three localauthority social services departments. The main focus is on the human resource management issues underpinningthe experience of social work staff. In particular, the roleof organizational culture is explored and the notion of a ‘cultureof stress’ is introduced. This is a key aspect of thetheoretical account presented. It offers an explanation of theidentified differences amongst the three authorities studiedin terms of the subjective experience of common stressors. The paper concludes with a discussion of the major implicationsfor social work agencies in which such an organizational culturehas developed.     

Continuity and change in a patronage society: the social mobility of British autobiographers, 1600–1750

Abstract This article describes rates and modes of intergenerational social mobility among the middle sort of people, using data derived from analysis of a sample of British autobiographical texts from the period 1600–1750. It adduces evidence indicating a strong propensity for social reproduction between generations within the group, and accounts for this propensity by looking at the ways in which individuals pursued careers throughout their lifetimes. The article shows how a network of social associations comprised largely of family and effective kin was the decisive factor in making a career, and how the basic framework of this network rarely extended beyond a person's native social-cultural milieu. I conclude that because the network was so limited, there was little opportunity for significant social mobility among the middle sort in early modern Britain.