Traceability in the Canadian Red Meat Sector: Do Consumers Care?

Increased traceability of food and food ingredients through the agri-food chain has featured in recent industry initiatives in the Canadian livestock sector and is an important facet of the new Canadian Agricultural Policy Framework (APF). While traceability is usually implicitly associated with ensuring food safety and delivering quality assurances, there has been very little economic analysis of the functions of traceability systems and the value that consumers place on traceability assurances. This paper examines the economic incentives for implementing traceability systems in the meat and livestock sector. Experimental auctions are used to assess the willingness to pay of Canadian consumers for a traceability assurance, a food safety assurance, and an on-farm production method assurance for beef and pork products. Results from these laboratory market experiments provide insights into the relative value for Canadian consumers of traceability and quality assurances. Traceability, in the absence of quality verification, is of limited value to individual consumers. Bundling traceability with quality assurances has the potential to deliver more value.     

The role of market research for charities: Identifying target groups and developing successful relationships

No one can find friends by sitting at home, and no relationship can develop without plenty of interaction between the people involved. However, charities with large numbers of donors and volunteers cannot be expected to have day-to-day contact with more than a handful of their key supporters. This paper illustrates how market research can be used by charities as the conduit between charities and their supporters — not only to show how the relationship between the two sides can be developed to best effect, but also to identify the most appropriate target groups to find new support.     

Towards more disorganised decentralisation? Collective bargaining in the public sector under pay restraint

While sector‐level collective bargaining can provide the institutional leverage to sustain and improve employment standards, a proliferation of disorganised local settlements may reduce its effectiveness. This article examines this proposition for local government in the UK, highlights the risks of a ‘destructive’ disorganisation of employment relations and calls for a renewal of articulation mechanisms between sector and local levels of collective bargaining.     

The exchange rate and the trade balance

Exchange rate flexibility is commonly justified as an efficient method for adjusting the trade balance to some desirable net international capital flow. In this orthodox view, fluctuations in a country's terms of trade or its saving-investment balance would continually upset its balance of payments equilibrium if the nominal exchange rate remained rigid.But this prevailing doctrine favoring exchange flexibility is only correct when economies are insular, ie. have limited trade and financial arbitrage with the outside world. With the spread of exchange controls and trade restrictions in the 1930s into the 1950s, the industrial countries became somewhat insulated from each other. A devaluation could then have the conventional effect of reducing a trade deficit because monetary and exchange rate policy were separable.Among the open industrial economies of the 1980s, however, financial arbitrage is uninhibited and trade is fairly free. Monetary policy, both current and prospective, now dominates what happens to the exchange rate. Because a devaluation today reflects an easier money policy in the present, or an expected easing in the future, it no longer has any predictable impact on the monetary value of the net trade balance. Exchange rate flexibility loses its usefulness in controlling net exports while becoming highly disruptive to the economy's macroeconomic stability.For example, the American dollar's downard float over the past three years should not be (have been) expected to improve the U.S. current account. However, allowing the dollar to depreciate below its purchasing power parity greatly increases the inflationary potential in the Americian economy.     

Work–life policies and female faculty representation in US doctoral‐granting economics departments

This article examines the relationships between work–life policies and female faculty representation and promotion at US doctoral‐granting economics departments. The data were collected in 2012 on tenure‐track and tenured full‐time faculty from 125 departments and updated in 2018 to include promotion status. Variables include individuals and their educational backgrounds, professional experience and publications. Only publications and experience are statistically significant for predicting academic rank for the female subsample, and the impact of publications is much larger for women compared with men. Work–life policies differ in explaining the representation of women across academic ranks. Dual‐career policies have a positive effect on female representation at the assistant and associate levels but do not have a statistically significant impact at the full professor level. National Science Foundation ADVANCE grantee universities have increased female representation across all ranks, but the effect is the smallest at the full professor level. Work–life policies are insignificant in predicting promotion.     

The Distribution Systems of Supermarket Chains by Alan C. McKinnon

This article considers the benefits supermarket chains may achieve from setting up their own distribution systems and attempts to explain differences in distribution strategies. These differences appear to be closely related to differences in the way chains have grown, management investment preferences and turnover composition, taken in conjunction with total sales, branch size and geographical extent of the business.     

RV Traveler’s Pull Factors to Campgrounds in Leisure Tourism

The purpose of this study was to identify the underlying structures of RV traveler’s pull factors to campgrounds and confirm the results by using exploratory factor analysis and confirmatory factor analysis with multiple data sets. The results identified the following five dimensions of the campground traveler’s key attributes: Activity, Amenity, Essentials, Price, and Store. The “Essentials” factor had a grand mean of 4.47, which was the highest among the five factors. Therefore, campground owners and managers should pay extra attention to maintaining a high quality on those essential attributes first, before considering adding or promoting any other items.     

Hot Money Flows,Commodity Price Cycles and Financial Repression in the USA and China： The Consequences of Near-zero US Interest Rates

Under near-zero US interest rates, the international dollar standard malfunctions. Emerging markets with naturally higher interest rates are swamped with hot money inflows. Emerging market central banks intervene to prevent their currencies from rising precipitately. They lose monetary control and domestic prices begin inflating. Primary commodity prices rise worldwide unless interrupted by an international banking crisis＇. This cyclical inflation on the dollar＇s periphery only registers in the US core eonsumer price index with a long lag. The zero interest rate policy also fails to stimulate the US economy as domestic finaneial intermediation by banks and money market mutual funds is repressed. Because China is forced to keep its interest rates below market-clearing levels, it also suffers from finaneial repression, although in a form differing from that in the USA.     

Making Markets Work: Modeling Agri-food Systems in Transition

Despite a decade of transition, the agri-food sectors of the former command economies consistently underperform relative to their potential. Underproduction and underinvestment are generally observed. This paper develops a model of bilateral monopoly linkages between firms along an agri-food supply chain. In the absence of competitive market forces and an efficient system of commercial law, deficient production and investment should be expected. If the agri-food sectors of the former command economies are to realize their potential, more resources will have to be devoted to reducing the transaction costs associated with broadening markets and enforcing contracts.
Bien que dix années aient passé, le secteur agroalimentaire des anciennes économies dirigées ne cesse d'enregistrer un rendement inférieur à celui auquel on pourrait s'attendre. La sous-production et le sous-investissement sont monnaie courante. Les auteurs proposent un modèle reproduisant le monopole bilatéral qui existe entre les entreprises du circuit d'approvisionnement agroalimentaire. En l'absence de concurrence sur le marché et d'un régime efficace de droit commercial, une production et des investissements insuffisants sont inévitables. Pour que le secteur agroalimentaire des anciennes économies centralisées réalise son potentiel, on devra investir plus de ressources afin de réduire les frais de transaction associés à l'élargissement des marchés et de garantir le respect des contrats.