Perceptions of tourism revenue sharing impacts on Volcanoes National Park,Rwanda: a Sustainable Livelihoods framework

Tourism revenue sharing (TRS) has become a popular strategy for integrated wildlife conservation and rural development in Africa. In Rwanda, 5% of tourism revenue is invested annually in communities adjacent to protected areas. However, the conservation impact of the TRS strategy has been challenged. Previous studies have revealed structural constraints of TRS, which partially explain TRS shortfalls. The TRS application is complex and needs deeper understanding of both conceptual and structural constraints. In this paper, we examine local perceptions of TRS, and use the Sustainable Livelihoods framework to conceptually understand the livelihood capability, equity and sustainability constraints of TRS at Volcanoes National Park (VNP). Results suggest that TRS has had minimal conservation impact due to acute food insecurity and limited livelihood capabilities among the poorest residents in proximity to VNP. This is exacerbated by several TRS structural constraints, such as the association membership fee requirement for TRS benefits, political influence, poor conservation linkages, and limited participation of the most socially and economically disadvantaged residents in proximity to VNP. This paper recommends restructuring of the TRS decision-making process to ensure consideration of both short-term and long-term conservation goals, wildlife conservation linkages and participation of the most economically disadvantaged residents in proximity to the park boundary.     

Capital Theory and the Process of Inter-Temporal Coordination: The Austrian Contribution to the Theory of Economic Growth

Appreciation of the necessity of the inter-temporal coordination of heterogeneous capital goods is the chief contribution of Austrian economics to the theory of economic growth. Austrian theory illustrates why an institutional environment of freely formed prices predicated on private property is essential for economic growth. This leads Austrians to have a unique take on Solow growth theory, the financing gap model, national economic planning, and aggregative development measures.     

Corruption, inflation and growth

We present a model in which the embezzlement of tax revenues by public officials leads the government to rely more on seigniorage to finance its expenditures. This raises inflation which depresses investment and growth via a cash-in-advance constraint.     

Do university executive development programs pay off?

University executive development programs are solidly entrenched, but questions have been raised concerning their cost-and benefits. A study of large U.S. business corporations reveals that most lack established policies concerning selection of the participant and the choice of a program. In addition, measurement of individual and group change related to the program is neglected. Nevertheless, companies report favorably on participants' job performance. The participants themselves feel they have gained status, but sometimes are ready to implement changes for which the organization is not prepared. University programs do not seem to be in any immediate trouble, but need to develop and maintain closer relations with participating organizations and to become more deeply involved in evaluation.     

Competitive advantage: logical and philosophical considerations

Strategic management theories invoke the concept of competitive advantage to explain firm performance, and empirical research investigates competitive advantage and describes how it operates. But as a performance hypothesis, competitive advantage has received surprisingly little formal justification, particularly in light of its centrality in strategy research and practice. As it happens, the core hypothesis—that competitive advantage produces sustained superior performance—finds little support in formal deductive or inductive inference, and the leading theories of competitive advantage incorporate refutation barriers that preclude meaningful empirical tests. This article explores the logical and philosophical foundations of the competitive advantage hypothesis, locating its philosophical foundations in the epistemologies of Bayesian induction, abductive inference and an instrumentalist, pragmatic philosophy of science. Copyright © 2001 John Wiley & Sons, Ltd.     

Cognitive hurdles in the use of decision support systems to enhance problem understanding

Computer-assisted decision support systems have been widely promoted as a means of enhancing problem understanding in crisis and noncrisis decision making. Clinical observation of actual applications of a particular category of software for interactive decisions (CONAN, DECISIONMAKER) have identified cognitive hurdles in the use of such systems. These hurdles not only pose a challenge to the development of such normative interventions in the decision process, but also an opportunity for furthering the shift to a new psychologically informed paradigm for decision making.     

Automobile Insurance Vehicle Repair Practices: Politics,Economics, and Consumer Interests

There is a continuing debate related to insurers’ use of direct repair programs, in which they contract with particular body shops to perform insured auto repairs according to terms agreed to by the insurers and repair shop owners. A similar debate exists related to insurers specifying the use of aftermarket crash parts instead of original equipment manufacturer parts to replace damaged vehicle components, such as door panels, fenders, and hoods. This study examines these issues from a variety of perspectives providing initial evidence that if properly used, these cost containment tools can be beneficial to consumers and insurers.     

Bargaining in the Shadow of Power

Often a bargainer can use some form of power—legal, military, or political—to impose a settlement. How does the “outside” option of being able to impose a settlement, albeit at some cost, affect the bargaining? And, how does the probability that the bargaining will break down vary with the distribution of power between the bargainers? These questions are examined by adding the option of imposing a settlement to Rubinstein's game of dividing a pie. Each actor can accept an offer, make a counteroffer, or try to impose a solution. Imposing a settlement is, however, costly and each bargainer has private information about its cost.Journal of Economic Literatureclassification number: C72.     

Economics and operations management: towards a theory of endogenous production speed

A firm chooses the production speed and amount of labor that maximizes profit in a perfectly competitive market. Faster production raises management expenses and the unit cost of production mistakes. Adding workers enhances the division of labor on the production line and raises work‐in‐process inventory. When the division of labor is high, a rise in the wage can increase the optimal production speed and quantity of output. When price falls, optimal production speed and optimal division of labor can move in opposite directions. Output quantity can also rise, generating a downward sloping supply curve in the absence of increasing returns to scale. Copyright © 2002 John Wiley & Sons, Ltd.