Information technology and efficiency in trucking

Abstract .  We develop an econometric model to estimate the impact of Electronic Vehicle Management Systems ( EVMS ) on the load factor ( LF ) of heavy trucks. This technology is supposed to improve capacity utilization. The model is estimated on the Quebec subsample of the 1999  National Roadside Survey . The  LF  is explained as a function of truck, trip, and carrier characteristics. We show that the use of  EVMS  results in an increase of 16 percentage points of  LF  on backhaul trips. However, we also find that there is a rebound effect on fronthaul movements, with a reduction of  LF  by about 7.6 percentage points.     

Progreso social y producción mundializada. El caso del sector de los textiles y el vestido

La especialización vertical generada por la fragmentación de la producción en redes mundiales no solo está motivada por la ventaja comparativa, sino también por las estrategias de deslocalización de las empresas líderes, que determinan el papel y el poder negociador de los productores locales. Este estudio examina las consecuencias de tal especialización en los textiles y el vestido en 26 países con abundante mano de obra de 1990 a 2007. Las regresiones de efectos fijos con datos de panel revelan que el sector no siempre gana con la integración comercial internacional: se observa una correlación negativa entre la especialización vertical y los salarios reales relativos.     

Habit,Decision-Making,and Rationality: Comparing Thorstein Veblen and Early Herbert Simon

The article aims to contribute to the convergence between institutional and neo-Schumpeterian evolutionary economics. It intends to help unify the behavioral foundations of these two strands of thought by returning to the original views of their main historical inspirations. It thus proposes a comparative analysis of the theory of human behavior developed by Thorstein Veblen and Herbert Simon, respectively. The article notably discusses how Simon’s early work links together the notions of habit, rationality, and the decision-making process, and explores the extent to which his views are consistent with, complementary to, or divergent from Veblen’s. The article highlights several commonalities between Simon and Veblen’s views on habits. However, Simon departs from Veblen in developing a dual model of human behavior which clearly differentiates habit-based from decision-based behaviors. The article argues that neo-Schumpeterian evolutionary economists should go beyond this binary model and build on the pragmatist-Veblenian approach, in which these two dimensions are intimately entangled. This process could allow the economists in question to take advantage of the most valuable insights of institutional economics regarding the interactions between individual choices and habits and institutions.     

Innovation Portfolio Management as a Subset of Dynamic Capabilities: Measurement and Impact on Innovative Performance

Innovation portfolio management has been touted as a new dynamic capability following the evolution of team‐ and project‐based organizational forms. In this article, we conceptualize innovative dynamic capabilities as a multidimensional construct that comprises distinct but related aspects in managing innovation. We test our model, which links this capability to innovative performance by using survey data from a sample of 923 firms. We find empirical support for our conceptualization and its impact on firm innovative performance.     

Places as authentic consumption contexts

Consumers build social capital through purposeful consumer–place interactions. Airbnb claims that consumers want to “experience a place like [they] live there.” Previous research concentrates primarily on authenticity of objects, brands, and people, with limited development of place authenticity as a concept. But place authenticity represents an increasingly important marketing concept as consumers today, particularly millennials (Schulz, P. (2015, August 8). Not just millennials: Consumers want experiences, not things. Adage. Retrieved from https://adage.com/article/digitalnext/consumers-experiences-things/299994/ ), value experience over “stuff.” Authenticity provides an important place characteristic that if perceived, potentially unlocks a truly valuable consumer experience. Consequently, the research presented here develops an auxiliary theory of place authenticity (PA). The theory proposes a second‐order factor indicated by three coordinate subdimensions. Phase I of the research consists of five studies that develop PA, explore its dimensionality, and confirm the PA scale's construct validity. Phase II of the research involves a sixth study, which examines a set of hypotheses that begin to establish PA's nomological net. The results shed light on the psychology by which consumers extract value from experience and into ways marketing efforts can build effective place–value propositions.     

The Influence of Image Valence on the Attention Paid to Charity Advertising

Non-governmental charities operate in a competitive market and survive with funding from membership fees and donations from supporters. Knowing and motivating potential donors has become increasingly important. Advertising is one of the key means of communication used by these organizations. This paper reports a pilot study to explore the influence of image valence in advertising on one’s attention and intention to donate. The study consists of an experiment wherein data processing is based on eye tracking and an electroencephalogram. The results show that negative images get more attention than text and logos. No differences were found with regard to gender and intention to donate in terms of attention paid to the advertising images. However, women do show greater willingness to make a donation. Finally, strategies adapted to charitable NGOs are discussed in the conclusions.     

Model misspecification analysis for bond options and Markovian hedging strategies

In this paper, we analyse the model misspecification risk of Markovian hedging strategies for discount bond options. We show how to decompose the Profit and Loss that results from model misspecification, and emphasize the importance of the position’s gamma in order to control it. We further provide mathematical results on the distribution of the forward Profit and Loss function for specific univariate term structure models. Finally, we run numerical simulations for options’ hedging strategies in order to examine the sensitivity of the forward Profit and Loss function with respect to the volatility of the forward rate curve, the frequency of the position rebalancing and the characteristics of the position being hedged.      

Economic impacts of the ASEAN single aviation market: focus on Cambodia,Laos, Myanmar,The Philippines and Vietnam

ABSTRACT

Since 2004, the Association of SouthEast Asian Nations (ASEAN) has decided to move towards liberalization of air transport inside the region as well as outside by signing multilateral agreements with other countries. In this article, we focus on the economic impact of liberalization. We show that by liberalizing up to the 5th freedom right, given the expectations with respect to tourism development, national GDP is expected to increase yearly from 1% (Cambodia) to 6.1% (The Philippines). Regarding partner states involved in multilateral agreements, the case of China shows that ASEAN airlines might well face possible competition distortions as a result.