Economic Diplomacy

We study bilateral conflicts that affect the welfare of third parties, the stakeholders. The conflict takes the form of a war of attrition and intervention is modeled as the possibility that the stakeholder “aids” the agreement with transfers to the contenders. We characterize the optimal policy when the stakeholder limits its intervention to a unilateral commitment to compensate the contenders if the conflict is resolved, and show that if contenders must be treated equally after agreement, then the optimal policy cannot eliminate the delay in resolving the conflict, and intervention is only advisable when the stakes are high enough. Economic diplomacy is modeled as a three‐player game where the stakeholder is actively involved in the negotiation where transfers are discussed simultaneously with a settlement for the conflict. We prove that, provided that none of the parties involved is too impatient, diplomacy benefits the third party in all conflicts.     

“Our Lands are Our Lives”: Gendered Experiences of Resistance to Land Grabbing in Rural Cambodia

ABSTRACT

Cambodia is known as a hotspot for land grabbing in Southeast Asia. Land dispossession due to elite capture, natural resources exploitation, and agribusiness development has catalyzed international attention following outbreaks of violence, mass protests, and retaliations. Agrarian economies, as well as social and gender relations and thus power dynamics at different levels, are being transformed and reshaped, facilitated by policies that promote capital penetration in rural areas and individualization of land access. Focusing on cases of rural dispossession and political resistance in Ratanakiri and Kampong Speu provinces, and drawing on reports, government documents, focus group discussions, and interviews, this study analyzes the gendered implications of land grabbing in contemporary Cambodia and argues that gender shapes and informs women’s responses and politics, as well as the spaces in which these are played out.     

Reverse takeover: the moderating role of family ownership

The aim of this study was to analyse the determinants of reverse takeovers, examining the influence of target firm shareholders’ type in the agreement. We examine reverse takeovers implemented in the Alternative Investment Market between 1999 and 2012, paying special attention to the differences between family and non-family target firms, as well as the impact of the financial crisis.

We propose that family firms have a lower probability of accepting a reverse takeover (‘shell’ firm), to avoid both diluting the ownership structure (loss of control) and new shareholders entering their firm. Our main findings show that the higher the percentage of ownership held by family holders, the lower the probability of their being the target firm in a reverse takeover. This effect is maintained during the crisis period, in accordance with the expectation that family firms will have fewer financial constraints.     

Do discounted food products end up in the bin? An investigation into the link between deal‐prone shopping behaviour and quantities of household food waste

Household food waste is considered to be the largest share of food waste along the food supply chain. Given that its recoverability is also more challenging compared to food waste in other stages of the chain, most studies on household food waste adopt a pre‐emptive approach by aiming to identify and address consumer beliefs, attitudes and actions that are linked to food waste. In scientific literature, household food waste has often been studied in relation to the habit of purchasing discounted food products (DFP). However, findings have been contradictory. Specifically, while some authors found that deal‐prone consumers are usually of lower income and therefore display a wiser and more attentive attitude towards grocery shopping, other authors reported that the purchase of discounted products was usually linked to compulsive shopping, hence resulting in higher food waste quantities at home. Due to these discrepant findings, a definitive answer on the impact of DFP on household food waste does not currently exist in the literature. This paper analyses the correlation between the purchase of DFP and weekly household food waste quantities. To do so, we examine (a) the results of a food waste diary experiment carried out on a representative sample of 385 households in Italy in February 2017, and (b) the results of a 23‐items Computer Assisted Web Interview survey administered to the same householders, in which shopping habits were investigated. Results revealed no evidence of either a positive or negative relationship between the purchase of DFP and household food waste quantities. Frequency of grocery shopping was the only variable found to have a significant impact on household food waste quantities.     

Multiperson Bargaining over Two Alternatives

We present a continuous-time model of multiperson bargaining with incomplete information, where only two agreements are possible. We show that under mild informational assumptions, players behave as if they were representing the other players who prefer the same alternative, individually playing a war-of-attrition against a conglomerate player of the opposite side. We also provide a characterization of the perfect Bayesian equilibria in undominated strategies of the game, which yields a unique outcome in most cases.Journal of Economic LiteratureClassification Numbers: C72, C78, D72, D74.     

Qualitative comparative analysis (QCA): an application for the industry

This article examines the management in Colombian industrial sectors using qualitative comparative analysis (QCA). This method conceptualizes cases as combinations of attributes and use Boolean algebra to derive simplified expressions of combinations that lead to a specific outcome. In this analysis, we show the value of this method for studying the management in the industrial from different approaches.     

Board structure and price informativeness

We develop and test the hypothesis that stock price informativeness affects the structure of corporate boards. We find a negative relation between price informativeness and board independence. This finding is robust to the inclusion of many firm-level controls, including firm fixed effects, and to the choice of the measure of price informativeness. Consistent with the hypothesis that price informativeness and board monitoring are substitutes, this relation is particularly strong for firms more exposed to both external and internal governance mechanisms and for firms in which firm-specific knowledge is relatively unimportant. Our results suggest that firms with more informative stock prices have less demanding board structures.     

Contemporary Indigenous education: A nature-centered American Indian philosophy for a 21st century world

This paper recognizes the need to integrate, synthesize, organize, and give focus to the enormous amount of accumulated materials from a wide range of disciplines about American Indian cultures and American Indian education toward the evolution of a contemporary epistemology for American Indian education that is indigenously inspired and ecologically based. Traditional American Indian forms of education must be given serious consideration as conceptual wellsprings for the “new” kinds of educational thought capable of addressing the tremendous challenges of the 21st century.     

The implementation of a quality management system based on the Q tourist quality standard. The case of hotel sector

The Q Tourist Quality Standard is proving to be highly successful not only in Spain but also in several other countries across the European Union. The Q Certificate lays the ground for companies to build competitive differences not because they have obtained a certificate but because the groundwork the certificate implies means that they are capable of defining a quality management and control system which can achieve cost and differentiation advantages. The purpose of this article is to analyse the case of the Majestic Hotel in order to illustrate that the process must be implemented correctly if it is to create these advantages. The main results of the study show that, after an initial successful period, the project had to be shelved. The main cause of failure was the lack of involvement and commitment on the part of management. This led to inflexibility among the members of the organisation when it came to accepting change, a lack of training in quality and to a perception that a quality system was simply more “paperwork”.