A SPATIAL PERSPECTIVE ON EUROPEAN INTEGRATION: HETEROGENEOUS WELFARE AND MIGRATION EFFECTS FROM THE SINGLE MARKET AND THE BREXIT

We use a quantitative model to study the implications of European integration for welfare and net migration flows across 1,280 European regions. The model suggests that an increase of trade barriers to the level of 1957 reduces welfare by about 5%–8% on average, depending on the presumed trade elasticity. However, remote regions may face initial welfare losses of up to 10%. These heterogeneous welfare effects cause estimated net migration of 1.9% of the population to the European geographic center implying that the dismantling of trade barriers in Europe has led to a more homogeneous spatial distribution of economic activity. With regard to the Brexit, we find moderate welfare losses for the United Kingdom of 1.05% in the most pessimistic scenario while continental Europe's welfare declines by 0.41%. (JEL F15, R12, R13, R23)     

Intersectional Individuality: Georg Simmel's Concept of “The Intersection of Social Circles” and the Emancipation of Women

Georg Simmel's “The intersection of social circles,” a chapter in his 1908 Sociology, contains discussions of class, religion, ethnic, and gender relations that are highly relevant to contemporary sociological concerns. Simmel's argument is based on a notion of historical dynamic that interprets increasingly complex intersectionality as a sign of progressing civilization. The article establishes how Simmel describes “the intersection of social circles” and then looks at Simmel's account through the concept of “intersectionality” as developed in contemporary feminist theory. The article suggests that although some aspects of Simmel's account of women in modernity are incompatible with contemporary feminism, the shared use of the same image, “intersection,” in Simmel and in contemporary feminist theory is the symptom of a shared concern with a particular aspect of the complexity of modern society. In Simmel, the increasing density of the intersections of social circles points to the increasingly complex individuality of modern subjects, whereas the use of the same image in contemporary feminist theory is part of a critique of inequality and oppression in the same modern society whose advent Simmel celebrated. Intersectionality is a characteristic of modern society that first became visible more than a century ago and has meanwhile become ever the more a signature of modernity.     

The impact of attitude strength on customer-oriented priority setting by decision-makers: An empirical investigation

A key question in marketing decision-making pertains to what makes decision-makers focus on various types of information in different ways. Particularly in relation to a key marketing and management variable such as customer satisfaction this is an important issue. Costly derived customer satisfaction measures need to provide customer-oriented guidance regarding where to prioritise. Traditional research on intelligence use has mainly focused on objective research attributes, such as research quality. In this article, however, we will adopt the idea that decision-makers weigh information differently based on their perception of its relevance. With respect to crucial customer satisfaction information this represents an exciting, but nevertheless unexplored field of research. The results of latent variable modelling show that the strength of decision-makers’ attitudes toward customer satisfaction leads to a differentiated usage of satisfaction intelligence. By taking this into consideration, management and intelligence providers will be able to more effectively disseminate customer satisfaction information and facilitate a more customer-oriented perspective within firms.     

A reverse sunk cost effect in risky decision making: Sometimes we have too much invested to gamble

The sunk cost effect refers to the empirical finding that people tend to let their decisions be influenced by costs made at an earlier time in such a way that they are more risk seeking than they would be had they not made these costs. This finding seems to be in conflict with economic theory which implies that only incremental costs and benefits should affect decisions. The effect is often explained in terms of prospect theory of (Kahneman, D., Tversky, A., 1979. Prospect theory: An analysis of decision under risk. Econometrica 47, 263–291), suggesting that sunk costs may induce a ‘loss frame,’ consequently causing risk seeking behavior. We argue that sunk costs may also result in risk aversion. In the present study we investigated the effect of time and effort investments (Behavioral Sunk Costs) on risky decision making in gain and loss situations. The results show that, in agreement with prospect theory, participants were more risk averse in gain situations than in loss situations. Moreover, incurring Behavioral Sunk Costs appeared to increase risk aversive choices, i.e., a reverse sunk cost effect. Furthermore, the results suggest that, in loss situations, Behavioral Sunk Costs mainly lead to risk aversive behavior if opting for the ‘safe’ alternative is not accompanied by an increased possibility to regret the decision.     

Multiple reference points in investor regret

Regret is the result of a comparison between “what is” and “what might have been”. Although regret is a relevant emotion in the life of investors, research studying the regrets of real investors and how these are influenced by multiple reference points is lacking. We present a field survey that investigated the regrets of real stock investors in relation to multiple “what might have been’s.” We found that their regrets are most influenced by what their outcomes might have been had they not invested, by their expected outcomes and by the best-performing unchosen stocks. In addition, we also found that the feeling of regret was influenced by losses or gains relative to each reference point rather than by the size of the loss or gain.     

Mutual workers'insurance: A historical outline

This article focuses on the historical development of small workers'mutual insurance societies whose members manage the fund themselves. The article begins by describing the remarkable similarities in terms of characteristics and development of these societies in different places and periods. It then discusses various non-directly democratic competitors in the field of social insurance and forms of State intervention. Finally, the article attempts to explain why competition from the private sector and State interventions forced directly democratic societies to choose between bureaucratization, marginalization and disbandment.     

Career and Lifestyle Expectations of Rural Eighth-Grade Students: A Second Look

Gender differences in rural eighth-grade students' curricular, career, and lifestyle expectations were examined. Girls expect to take more math classes in high school, select careers that require a college education, and plan to go to college more frequently than do boys. Boys and girls do not differ in their interest in various careers, although girls prefer occupations that involve people, whereas boys prefer occupations that involve things. Girls plan to work for as many years of their lives as do boys; however, girls are more likely to expect to work part-time, whereas boys expect to work full-time. Counseling implications are offered.     

Some computational problems related to multinomial trials

Efficient numerical algorithms are developed to evaluate several probabilities related to multinomial trials.In the first part of the paper, the probability distribution of the number of trials until the alternatives j, j = 1,… m, have occurred at least i_j times is computed. The multinomial trials involve the m alternatives l,…, m, with positive probabilities P_l-P_m of occurrence. In the second part, several aspects of a multinomial subset selection problem, discussed by S. S. Gupta and K. Nagel, are investigated.