Labor relations and technological change at Canadian Pacific Railway

There was a time in this fair land when the railroad did not run When the wild majestic mountains stood alone against the sun Long before the white man and long before the wheel When the green dark forest was too silent to be real For they looked into the future and what did they see They saw an iron road running from the sea to the sea Bringing the goods to a young growing land All up through the seaports and into their hands From “Canadian Railroad Trilogy” by Gordon Lightfoot The authors thank CPR managers and union officials representing CPR employees for their cooperation and patience in explaining the intricacies of the railroad industry. Special appreciation is extended to Jason Copping, Labour Relations Manager, for his facilitating our initial access to the company.     

A robustness framework for monitoring real options under uncertainty

This paper presents a problem structuring methodology to assess real option decisions in the face of unpredictability. Based on principles of robustness analysis and scenario planning, we demonstrate how decision-aiding can facilitate participation in projects setting and achieve effective decision making through the use of real options reasoning. We argue that robustness heuristics developed in earlier studies can be practical proxies for real options performance, hence indicators of efficient flexible planning. The developed framework also highlights how to integrate real options solutions in firms’ strategic plans and operating actions. The use of the methodology in a location decision application is provided for illustration.     

Emigration 2.0? Young Moroccans,emigration and the Internet*

This article examines the relationship between young Moroccans’ uses of the Internet and their migratory project to Europe. It frames its analysis within key debates on international migration and makes the case for a more systematic exploration of the symbolic dimensions of emigration. The research conducted, (2011/2012) including qualitative interviews, focus groups and a survey, shows that although an increasing number of young Moroccans are using the Internet to migrate into Europe, the majority are, unlike the findings of previous empirical research [Sabry, T. (2003). Exploring Symbolic Dimensions of Emigration: Mental and Physical Emigrations, Ph.D. thesis, University of Westminster] have shown, less keen to emigrate. The research also shows how young Moroccans are more interested in communicating with other young Moroccans on social media than they are with young people from Europe or in other parts of the world. Qualitative material has also shown how young Moroccans’ interactions with Arabs from the Gulf, using social media, has exposed serious contradictions between profane and sacred Islam. The story that emerges is not one of heightened global or westernised consciousness, but one of localization par excellence.     

Real Options in Management and Organizational Strategy: A Review of Decision‐making and Performance Implications

This paper contributes to the debate on the role of real options theory in business strategy and organizational decision‐making. It analyses and critiques the decision‐making and performance implications of real options within the management theories of the (multinational) firm, reviews and categorizes the organizational, strategic and operational facets of real options management in large business settings. It also presents the views of scholars and practitioners regarding the incorporation and validity of real options in strategy, international management and business processes 1 . The focus is particularly on the decision‐making and performance attributes of the real options logic concerning strategic investments, governance modes and multinational operations management. These attributes are examined from both strategic and operating perspectives of decision‐making in organizations, also with an overview of the empirical evidence on real options decision‐making and performance.     

Political and institutional determinants of immigration policies

This paper investigates how the interplay of parties' preferences, political institutions and electoral competition affects the liberalisation of immigration policies. It joins a growing body of research that focuses on the role of domestic factors in shaping immigration policies. While several studies point to the important role of partisanship and the activation of public opinion, they fail to provide a clear mechanism that takes into account differences in parties' preferences as well as the institutional context they act in. By adding two crucial factors to the analysis, this paper presents a new framework for liberal change in the field of immigration politics. First, institutional veto points determine if left-of-centre parties can reform policies according to their preferences. Second, the degree of electoral competition and the politicisation of immigration issues affect how susceptible political parties are to the anti-immigrant sentiment in the population. A time-series cross-section analysis of 11 countries from 1980 to 2006 shows that left-of-centre governments are more likely to pass liberal reforms, but only if they are not facing an open veto point. Moreover, increased levels of electoral competition coupled with a politicisation of the immigration issue reduces the likelihood of liberal reforms.     

Risk aversion elicitation: reconciling tractability and bias minimization

Risk attitude is known to be a key determinant of various economic and financial choices. Behavioral studies that aim to evaluate the role of risk attitudes in contexts of this type, therefore, require tools for measuring individual risk tolerance. Recent developments in decision theory provide such tools. However, the methods available can be time consuming. As a result, some practitioners might have an incentive to prefer “fast and frugal” methods to clean but more costly methods. In this article, we focus on a tractable procedure initially proposed by Holt and Laury (2002) to elicit risk attitude. We generalize this method to measure utility and risk aversion as follows. First, we allow measurement of probabilistic risk attitude through violations of expected utility due to probability weighting. Second, we use the outcome scale rather than the probability scale in the menu of choices. Third, we compare sure payoffs with lotteries instead of comparing non-degenerate lotteries. A within-subject experimental study illustrates the gains in tractability and bias minimization that can result from such an extension.     

Brahmin Left versus Merchant Right? Education,class, multiparty competition,and redistribution in Western Europe

In this article, we revisit the main claims of Part Four of Thomas Piketty's Capital and Ideology and especially the changing support coalitions for parties of the left. Piketty's core argument in this part of the book is that the left now represents the highly educated and that, as a result, the redistributive preferences of the working class do not find representation in today's party systems. We address these claims building on existing political science research that has investigated the transformation of politics in advanced capitalist societies. We argue, first, that the educational divide cannot be adequately analyzed by looking at a left and a right bloc, but crucially needs to pay attention to the rise of green/left‐libertarian and radical right parties. Second, we contend that the new middle classes that support parties of the left are largely in favor of economic redistribution. Analyzing data from the European Social Survey in 11 West European countries from 2002 to 2018, we show that the effect of education on voting left or right is indeed largely driven by green/left‐libertarian and radical right parties, while there is little empirical evidence that social democratic parties represent the educational elite. We also find that redistributive preferences remain at the heart of voting behavior and that, especially for educated voters, these preferences determine whether someone votes for a party of the left rather than the right.     

Navigating Islam and same-sex liaisons among men in Turkey

This study reports the experiences of 20 Turkish men in having sex with men in an Islamic society. As part of a broader study on Turkish homosexualities, the article analyzes responses to the question, "What joys and difficulties have you experienced regarding your sexual orientation in relation to Islam?" to elicit responses on how Islam and homosexuality might coexist in everyday life.