Profession and residency matter: Farmers' preferences for farmland price regulation in Germany

Local farmers' preferences for farmland price regulations in competitive markets have not been studied systematically. We investigate farmers' preferences in Germany, where recent price increases have driven calls for regulatory changes. The results of an online vignette experiment show that farmers prefer stricter regulation against the admission of non-local (but even more so of non-farmer) land buyers. Our analysis also shows that local farmers' preferences are motivated primarily by self-interest rather than adherence to principles. We conclude that most farmers prefer price regulations that consider their particular concerns about increasing competition in Germany.     

Workplace problems,mental health and substance use

Little is known about how workplace problems may influence diagnosable mental health and substance use (MHSU) disorders. We examine the associations between three common workplace problems (experiencing problems with co-workers, job changes and perceived financial strain) and three MHSU disorders (mood, anxiety and substance abuse/dependence). The analysis utilizes longitudinal data on a sample of working-age adults from the National Epidemiological Survey on Alcohol and Related Conditions. These data are well suited for our research objective as the survey was specifically designed to study MHSU disorders. Results show that experiencing these workplace problems is associated with an increased risk for mental health disorders, but not substance use disorders. Importantly, various robustness checks and sensitivity analyses demonstrate that our findings cannot be not fully explained by omitted variables, reverse causality or sample attrition.     

Forecasting GDP all over the world using leading indicators based on comprehensive survey data

Comprehensive and international comparable leading indicators across countries and continents are rare. In this paper, we use a free and instantaneous available source of leading indicators, the ifo World Economic Survey (WES), to forecast growth of Gross Domestic Product (GDP) in 44 countries and three country aggregates separately. We come up with three major results. First, for more than three-fourths of the countries or country-aggregates in our sample, a model containing one of the major WES indicators produces on average lower forecast errors compared to a benchmark model. Second, the most important WES indicators are either the economic climate or the expectations on future economic development for the next six months. And third, adding the WES indicators of the main trading partners leads to a further increase in forecast accuracy in more than 50% of the countries. It seems therefore reasonable to incorporate economic signals from the domestic economy’s main trading partners.     

The Influence of Internal Communities of Practice on Customer Perceived Value in Professional Service Relationships

Effective customer-related knowledge transfer can be seen as the cornerstone of customer value creation in collaborative relationships between professional service organisations and their customers. Our intention in this paper is to describe how different work groups within organisations (communities of practice) influence the perceived customer value. We approach this phenomenon from a relationship management perspective and use literature from relationship marketing, organisation research and knowledge management as a theoretical basis. Empirically the paper is based on an information-rich explorative case study of a professional service organisation, operating in the consultancy and training business, and its relationship with one of its customers.     

Emotions,trading practices and communication in transnational itinerant trade: encounters between ‘Rucksack Russians’ and their customers in the late nineteenth- and early twentieth-century Finland

ABSTRACT

This article examines relations between ‘Rucksack Russians’, itinerant traders from Russian Karelia, and their local customers in late nineteenth- and early twentieth-century rural Finland. Finland was a part of the Russian Empire, but, according to Finnish law, itinerant trade was illegal for people without citizenship rights in the Grand Duchy. The trade was, thus, illicit, although often seen through the fingers. We study trader–customer relations through emotions, trading practices and communication, with a special focus on the consumption of women. We argue that analysing the relations from these perspectives deepens the understanding of the functions of itinerant trade for the shaping of a consumer society. For access to a consumer perspective, we use ethnographic questionnaires, a source type that historians have acknowledged only in recent decades. The questionnaires complement and nuance the predominantly negative attitudes towards itinerant trade conveyed in the newspapers, which mainly represent the viewpoints of the authorities and local merchants. Through the theoretical perspectives and through shifting focus from the consumption of the elite to that of that of the lower strata of society, the article offers a fresh take on such aspects of trader–consumer relations that previous historical research on itinerant trade has overlooked.     

Underestimation of probabilities modifications: characterization and economic implications

The aim of this paper is to propose a behavioral characterization of individuals who underestimate probabilities modifications and to characterize this behavior in the standard preferences representation models under risk (expected utility, dual theory, rank dependent utility theory and MaxMin expected utility). Our main results are the following. Underreaction to probabilities modifications is in general independent from standard risk aversion and prudence. In models involving probabilities transformation functions, it is characterized by the slope of the probability transformation function. In the MaxMin expected utility model under risk, it is related to the weights of the maximal and minimal consequences in the preferences representation function. Considering a simple prevention decision, consisting in the reduction in the probability of a monetary loss, we show that individuals who underreact to probabilities modifications, invest less in prevention than individuals who objectively evaluate these modifications. Underreaction to probabilities modification is thus a possible explanation for low investment in prevention.     

The Corporate Ethical Virtues Scale: Factorial Invariance Across Organizational Samples

This study investigated the factorial validity of the 58-item Corporate Ethical Virtues scale (CEV; Kaptein, J Organ Behav 29(7):923–947, 2008). The major aim was to test the invariance of the factor structure across different organizational samples. The CEV scale was designed to measure eight corporate virtues: clarity, congruency of supervisors, congruency of senior management, feasibility, supportability, transparency, discussability, and sanctionability. The data (total N = 3,702) consisted of four organizational samples that are operated in the private and public sector. The results of confirmatory factor analyses supported the hypothesized eight-factor structure, as well as its alternative second-order factor structure, where high correlations between the first-order factors (virtues) were explained by a general CEV factor. These factor structures (including factor loadings) remained the same across samples, lending strong support for the group invariance assumption of the scale. Thus, the 58-item CEV scale was found to be a valid tool for measuring the aspect of ethical organizational culture in different organizations, and its use can be recommended for future research.     

Vaccination under pessimistic expectations in clinical trials and immunization campaigns

We provide one of the first formalizations of a vaccination campaign in a decision-theoretic framework. We analyze a model where an ambiguity-averse individual must decide how much effort to invest into prevention in the context of a rampant disease. We study how ambiguity aversion affects the effort and the estimation of the vaccine efficacy in clinical trials and immunization campaigns. We find that the behaviors of individuals participating in a clinical trial differ from individuals not participating. Individuals who are more optimistic toward vaccination participate more in trials. Their behaviors and efforts are also affected. As a result, because vaccine efficacy depends on unobserved behaviors and efforts, the biological effect of the vaccine becomes difficult to evaluate. During the scale-up phase of a vaccination campaign, provided that vaccine efficacy is established, we show that vaccine hesitancy may still be rational.