Parental Compensatory Behaviors and Early Child Health Outcomes in Cebu, Philippines()

A dynamic optimization model of parents choosing investments in their children's health motivates an empirical model of parents' choices of health inputs for their children and the impacts of these decisions on their children's subsequent health. Estimates of the child health input demand functions and the child health production functions from the Cebu Longitudinal Health and Nutrition Survey accord with the prediction that optimizing behavior results in higher levels of aggregate child health. Observable parental behaviors respond to the physical developmental status of their children. These parental responses appear to yield large and statistically significant improvements in children's early physiological outcomes. However, because some health inputs choices are not observable, it is impossible to ascertain whether these measured effects are due solely to variations in the observed input choices.     

China's productivity challenge

After capturing the world's attention with the 2008 Olympics, what's next for China? Linda Yueh says the answer can be found by tracking China's labour productivity.     

Boarding the Aircraft: Trust Development Amongst Negotiators of a Complex Merger

We explore trust development in the context of an international merger negotiation. Based on in‐depth interviews with chief negotiators of the Air France–KLM merger, we contribute to existing theory by showing that trust develops in three interrelated domains: personal, process, and outcome. Progressively, trust develops in all domains on the basis of antecedents that differ between phases and domains. Distinguishing between different domains facilitates analysis of trust asymmetry and the coexistence of trust and distrust, as well as the influence of trust in interorganizational relationships.     

Zhulong:Modern Management Promoting Development

Fujian Zhulong Garments Co.,Ltd.has opened China's first 2(x)ist underwear flagship in SM International Exhibition Center,Jinjiang.With output of 0.16 billion yuan,Zhulong applies its expertise in underwear manufacturing to make a meaningful difference in     

Restoring Wetlands Through Wetlands Mitigation Banks

This paper offers the first economic analysis of wetlands mitigation banks. The banks are a new alternative for restoration of wetlands by developers before receiving regulatory approval for future development of wetlands in the same watershed. A stochastic optimal control model is developed which incorporates ecological uncertainty of wetlands restoration. The model helps in examining the decisions of how much to invest in a wetlands mitigation bank. The model is calibrated with data from California bioeconomic parameters. Numerical simulation of the model provides a sensitivity analysis of how model parameters of restoration costs, stochastic biological growth, interest rate, and the market value of credits affect the trajectory of investment and the optimal stopping state of wetlands quality when the investment ends. The analysis reveals that restoration of the whole site will occur when there is a reduction in restoration costs, an increase in biological uncertainty or an increase in the value of wetlands credits. Continued restoration is harder to justify with a higher interest rate.     

The Road is Long: Thirty Years of Equality Legislation in Britain

This article critically reflects upon the development of British employment equality law, tracking a positive yet hesitant, uneven and incomplete trajectory from anti‐discrimination towards equality, and from piecemeal and patchwork coverage towards inclusiveness, integration and intersectionality. It argues that the opportunities provided by the new Commission for Equality and Human Rights and the proposed Single Equality Act should be taken to address remaining weaknesses in the legislative equality package and the limitations in enforcement approaches which the article highlights.