Shadow pricing diversity in U. S. national forests

Tobit estimation of the market value of timber sales in national forests of North Carolina demonstrates the important effect of stand diversity on the formulation of bid prices for mixed-species timber tracts. The hedonic model generates a shadow price for diversity according to changes in bid prices, an effective shift in the demand curve for auctioned tracts due to stand diversity attributes. This approach contrasts with traditional shadow price analyses that focus on the supply effects of environmental constraints. Results are corrected for the effects of bidder participation, market conditions, production costs, and other stand attributes. Econometric results demonstrate that stand heterogeneity is a highly significant factor influencing the market value of timber sales from national forests of the Appalachian region. Greater heterogeneity results in lower bid prices for timber sales, indicating a positive shadow price for maintenance of stand diversity.     

Pleasure and arousal in the marketplace: Interpersonal differences in approach-avoidance responses

A theory of individual response to environments is discussed. This theory is extended to apply to consumer responses in the marketplace. An empirical study that tests this theory is described. This study examines individual differences in patronage behaviors and attitudes based on emotional responses to an outdoor retail market. In this study, it was found that a consumer's emotional response to an environment is instrumental in resultant patronage behaviors and attitudes.     

Complexity dynamics of nascent entrepreneurship

We  use theory and methods from complexity science to examine dynamic patterns among activities undertaken by nascent entrepreneurs in the Panel Study of Entrepreneurial Dynamics. We develop hypotheses predicting that certain dynamic patterns in start-up activities will lead to the emergence of new firms when: (1) the rate of start-up activities is high, (2) start-up activities are spread out over time, and (3) start-up activities are concentrated later rather than earlier over time. All three hypotheses are confirmed. The paper concludes with some suggestions for the role of complexity science for furthering insights into the process of organization creation.     

Seeing Is Not Believing: Perceptions of Date Labels over Food and Attributes

ABSTRACT

This study investigates consumers’ perceptions of date labels (“Best by” and “Use by”) between different food items (spaghetti sauce and deli meat) and across different attributes (nutrition, quality, safety, and taste). We collected data from experimental auctions and a survey held in cities located in two different regions of the United States. Previous research suggests that confusion over date labels contributes to waste. Thus, we ask respondents to indicate the meaning of date labels for products over attributes. Overall we find that respondents have differing conceptions of date labels by product and over attributes, which reflects confusion over the date labels. However, the differences, while statistically significant, are not large enough to suggest a reversal of perception from agreement to disagreement in the meaning of the date label for specific attributes. The findings question the effectiveness of a two-date label regime to reduce food waste.     

Conducting multilevel studies in purchasing and supply management research

Purchasing and supply management (PSM) research commonly covers multiple levels of theory and analysis. The theorizing and simultaneous testing of hypotheses across multiple levels is referred to as multilevel analysis (MLA) and is commonly performed using hierarchical linear modeling (HLM). Researchers in the PSM domain have paid little attention thus far to the topic of multilevel studies. Although MLA holds the potential to yield novel insights into PSM issues, it also generates new challenges for authors and reviewers alike. We contribute to this methodological dialogue by examining reasons for conducting multilevel PSM research and offering practical guidance for increasing its methodological rigor.     

Human rights abuses at the Rio 2016 Olympics: activism and the media

Abstract

This article examines activists’ use of human rights as a discourse to contest the impacts of the Rio 2016 Olympic Games by drawing on a wider ethnographic project examining activism at Rio 2016. Focusing on two areas of contention, forced evictions and police brutality, the article considers the way activists framed their grievances and how mainstream international media outlets reported those grievances. While activists fighting against forced evictions explicitly used the language of rights in their activism, media accounts tended not to discuss these issues using this lexicon. Conversely, grassroots activists protesting around the issue of police brutality did not tend to frame their grievances in terms of rights, but these issues were discussed as human rights abuses in the media. This points to a dual role played by activists fighting forced evictions: while they are fighting to keep their own homes, they are also part of a wider discursive battle for the right to housing to be recognised and respected.     

How Reliable Are Hog Futures as Forecasts?

The Chicago Mercantile Exchange hog futures contract was revamped in 1997 and it is one of the largest futures markets for a nonstorable commodity. The literature is divided on whether or not futures prices for nonstorables provide reliable forecasts of cash prices. We find that from 1998 to 2004, the hog futures market was an unbiased predictor of cash prices.     

THE DYNAMIC EFFECTS OF MULTILATERAL TRADE POLICY WITH EXPORT CHURNING

This article examines the relationship between export churning and the aggregate response to trade policy. I show that export churning—the share of bilateral exports by new or exiting exporters—varies systematically across export destinations and build a multicountry model with destination-specific investments in exporting capacity that is consistent with churning patterns. The model then predicts that trade liberalizations with minor export destinations deliver higher bilateral export growth than liberalizations with major export destinations, and the data support this prediction. Furthermore, the aggregate effects of trade policy depend critically on the pattern of export churning in the model.