AN EFFICIENCY EXPLANATION FOR WHY FIRMS SECOND SOURCE

Firms facing research costs and demand uncertainty may engage in second-sourcing, in which potential suppliers agree to pool production facilities. I show how sellers and buyers both can benefit from the practice. Second-sourcing allows firms to meet a wider range of possible rates of demand and often to supply a given rate of demand at a lower total cost than under non-cooperation. Buyers benefit through a reduced probability of stock-outs and frequently a lower purchase price. Semiconductor industry data are found to be consistent with the paper's predictions.     

BELIEVABILITY AND THE PRESS

This study looks at believability ratings assigned to 39 newsorganizations and news personalities by a nationally representativesample of 2,104 adult men and women. The data provide threemajor findings about the believability of the American press,all of which, at least in part, tend to be at odds with muchof the conventional wisdom and some of the contemporary researchdealing with the credibility of the news media. First, the overwhelmingmajority of the general public believes most of what it hears,sees, or reads in the nation's press. Second, perceived "believability"of the news media is not closely related to those politicaland demographic variables that typically divide public opinionin America. Third, the public does "group" the news media interms of "believability," but the groupings do not equate withthe dichotomy usually drawn between television and print journalism.     

WHAT IS THE PROBABILITY YOUR VOTE WILL MAKE A DIFFERENCE?

One of the motivations for voting is that one vote can make a difference. In a presidential election, the probability that your vote is decisive is equal to the probability that your state is necessary for an electoral college win, times the probability the vote in your state is tied in that event. We computed these probabilities a week before the 2008 presidential election, using state‐by‐state election forecasts based on the latest polls. The states where a single vote was most likely to matter are New Mexico, Virginia, New Hampshire, and Colorado, where your vote had an approximate 1 in 10 million chance of determining the national election outcome. On average, a voter in America had a 1 in 60 million chance of being decisive in the presidential election. (JEL H0)     

Institutional legacies in TNCs and their management through training academies: the case of transnational law firms in Italy

In this article we highlight the effects of heterogeneous institutional contexts on transnational professional service firms, a relatively poorly studied issue. Specifically, we provide empirical analysis of how the specificities of the Italian institutional context affect the activities of English legal professional service firms in Milan. This reveals the intimate connection between a variety of capitalism, place specific workplace cultures and practices, and the institution‐related challenges transnational professional service firms and all transnational corporations (TNCs) face. We also reveal the way institutionally generated differences at the level of work practices are managed in transnational law firms through worldwide training programmes designed to ‘govern’ the practices of workers in different parts of the TNC's network. This emphasizes the importance of studying attempts to manage institutional heterogeneity at the level of workplace practices, something often missed in existing mesoscale studies of TNC governance structures. Consequently, we highlight detailed empirical archaeologies that explore the direct links between institutions and practices as an important component of future research on the effects of institutions on TNCs.     

Community Care for the Elderly -- Rhetoric and Reality

Correspondence to A.C. Bebbington, Assistant Director, Personal Social Services Research Unit, Cornwallis Building, The University, Canterbury, Kent CT2 7NF. Summary This paper investigates the management and delivery of carefor 176 elderly people receiving both community health and socialservices. These people represent a crucial group if the communitycare policy is to become a reality, and they receive high serviceslevels. The study provides both quantitative and qualitativeevidence of inadequate case management and lack of co-ordinationin providing care. Assessment, determining services, and reviewwere all inefficiently managed. Liaison was non-existent forthe majority, and opportunities for substitution were missed.There could be conflict over role, particularly in relationto personal care. Innovations designed to tackle these problemsremain limited in scale. These difficulties are recognized andaddressed by the 1989 White Paper ‘Caring for People’which makes a number of proposals to clarify responsibilitiesand accountability. The different professional assumptions andwork practices among the plurality of agencies providing carewill need to be resolved if community care is ever to offera realistic alternative to care in institutions for increasingnumbers of people with high levels of dependency.     

Infusing Life and Vitality Into Career Counseling Classes

Familiarizing prospective counselors with basic career information resources is one of the primary goals of most career counseling classes. This article illustrates a series of novel activities that can be used to introduce students to standard career resources.     

Parental divorce and partnership dissolution in adulthood: Evidence from a British cohort study

From a longitudinal survey of a British cohort born in 1958 this study finds that, by age 33, off-spring of parents who divorced are more likely to have dissolved their first partnerships. This finding persists after taking into account age at first partnership, type of first partnership (marital, pre-marital cohabiting union, and cohabiting union), and indicators of class background and childhood and adolescent school achievement and behaviour problems. Some of these factors are associated with partnership dissolution in their own right, but the association between parental divorce and second generation partnership dissolution is largely independent of them. Demographic factors, including type of and age at first partnership, were important links between parental divorce and partnership dissolution. Moreover, the estimated effects of parental divorce were substantially reduced when the demographic variables were taken into account, suggesting that cohabitation and early partnership may be important pathways through which a parental divorce, or the unmeasured characteristics correlated with it, affect partnership dissolution.