Telling the other what one knows? Strategic lying in a modified acquiring-a-company experiment with two-sided private information

Theory and Decision - Lying for a strategic advantage is to be expected in commercial interactions. But would this be more or less obvious when lying could come from either party and question...     

Civil Society Meta-organizations and Legitimating Processes: the Case of the Addiction Field in France

VOLUNTAS: International Journal of Voluntary and Nonprofit Organizations - To cope with the new challenges inherent to their political role, civil society organizations must convince their...     

The Eurovision Song Contest – A Continent (still) Divided?

Credited as one of the most successful major televised music events held annually in Europe, the Eurovision Song Contest (ESC) still serves as a battlefield between Eastern and Western European aesthetic paradigms. Although the Western paradigm has long been regarded as an almost universal criterion of success, the contemporary ESC presents a unique opportunity for post-communist acts to contest that hegemony while playing with its conventions. This article examines how, in the post-1989 situation, the most successful Eastern European acts purposely exploited, juxtaposed and subverted several aesthetic categories, demonstrating their understanding of the conventions promoted at the ESC on the one hand, while undermining and contesting them on the other. The article argues for greater attention to such strategies as over-exploitation of stereotypes and auto-stereotypes, as well as mocking the prevailing aesthetics by playing with such notions as authenticity, folklore, nationalism, essentialism, camp, kitsch or hyper-reality and challenging the contest's utopian and nostalgic ideals.     

TO LEAN OR NOT TO LEAN AGAINST AN ASSET PRICE BUBBLE? EMPIRICAL EVIDENCE

Since the Global Financial Crisis of 2007–2009, economists are reconsidering the appropriate role of monetary policy towards equity bubbles. This paper contributes to these deliberations by estimating the response of the stock market to monetary policy tightening by using a Bayesian time-varying VAR model. By introducing the cyclically adjusted price/earnings ratio, we propose a method that estimates its fundamental and bubble components. We find that asset prices will initially fall and eventually rise again but without the risk of feeding the bubble. Counterfactual policy experiments provide additional evidence that monetary policy can lean against equity and housing prices. (JEL E50, E52, E58)     

Labour Market Institutions and Flexibility in Italy

ABSTRACT: The paper surveys three broad categories of labor market institutions in Italy: employment protection legislation unemployment benefit systems and wage bargaining arrangements In each we the recent evolution and current state of Italian institutions are evaluated and compared With those in other major European countries     

The Role of Interorganizational and Organizational Factors on the Decision Mode for Adoption of Interorganizational Systems*

The dramatic growth of interorganizational systems (IOS) has changed the way organizations conduct their business, and has resulted in significant tangible and intangible benefits being realized by participating firms. However, the implementation of these IOS requires the cooperation and commitment of all the participating members. These members may have complex economic and business relationships among themselves that can result in a number of social, political, and economic factors influencing the adoption and implementation of IOS. This study examines the role of interorganizational and organizational factors on the decision mode for adoption of IOS, in the specific context of electronic data interchange (EDI). Four interorganizational factors, based on the socio-political framework derived from research in marketing, and five organizational factors based on research in IS were used in the study. The data for the study were collected through a large scale field survey. Two respondents, the sales/purchase manager and the IS manager, from 201 firms responded to the survey. The results of discriminant analysis of the data reveal that two interorganizational variables, competitive pressure and exercised power, and two organizational variables, internal need and top management support, are important variables to differentiate firms with proactive decision mode from firms with reactive decision mode. The study also evaluates the differences between proactive and reactive firms on three implementation outcomes. Proactive firms are found to have greater extent of adaptation, more external connectivity with trading partners, and better integration of EDI information in their internal IS applications.     

A Path Analytic Model of a Theory of Quality Management Underlying the Deming Management Method: Preliminary Empirical Findings*

Despite the impact that Deming and his 14 Points have had on the practice of quality management, empirical support for the effectiveness of the Deming Management Method has not advanced beyond the presentation of anecdotal, case-study evidence. In part, this is because theory to guide the conduct of empirical research has not been available. Only recently has such a theory of quality management to describe and explain the effectiveness of the Deming Management Method been articulated in the literature. This paper continues the journey of theory development; it reports the results of an exploratory empirical analysis of an articulated theory of quality management underlying the Deming Management Method. The constructs in the proposed theory are operationalized using measurement statements developed by the World-Class Manufacturing research project team at the University of Minnesota and Iowa State University. Path analysis is applied to the World-Class Manufacturing project data to explore the empirical strength of relationships advanced in the theory. The path analytic results provide support for several of the proposed relationships in the theory, and more importantly, suggest a number of new relationships which have not heretofore been proposed.     

Insights from the Evaluation of Past Local Area Population Forecasts

Local area population forecasts have a wide variety of uses in the public and private sectors. But not enough is known about the errors of such forecasts, particularly over the longer term (20 years or more). Understanding past errors is valuable for both forecast producers and users. This paper (i) evaluates the forecast accuracy of past local area population forecasts published by Australian State and Territory Governments over the last 30 years and (ii) illustrates the ways in which past error distributions can be employed to quantify the uncertainty of current forecasts. Population forecasts from the past 30 years were sourced from State and Territory Governments. Estimated resident populations to which the projections were compared were created for the geographical regions of the past projections. The key features of past forecast error patterns are described. Forecast errors mostly confirm earlier findings with regard to the relationship between error and length of projection horizon and population size. The paper then introduces the concept of a forecast ‘shelf life’, which indicates how far into the future a forecast is likely to remain reliable. It also illustrates how past error distributions can be used to create empirical prediction intervals for current forecasts. These two complementary measures provide a simple way of communicating the likely magnitude of error that can be expected with current local area population forecasts.