Carrying capacity assessment for tourist destinations. Methodology for the creation of synthetic indicators applied in a coastal area

The growth and expansion of tourism is a complex phenomenon and its study requires multiple disciplines. When related to sustainability, the growth limits and carrying capacity of destinations must also be considered. The objective of this article is to develop a methodology to assess the growth limits of tourist destinations, and this method is then applied to the management and planning of an open tourist resort. The limits to growth are established using a mathematical formulation (i.e., multicriteria analyses, based on the reference point methodology) based on synthetic indicators applied to two scenarios: weak and strong sustainability. There are two developments in this type of research. The first is that the application of this method is neither restricted to a natural protected area, which has its own rules and management, nor to an island possessing geographically controlled entry and exit points. Rather, this study focuses on an open coastal area with an economy based on mass tourism. Second, this new way of assessing growth limits uses a flexible formula – adaptable to other coastal areas, e.g., rural, natural, and urban – depending on the impacts generated by the tourism and the objectives specified by destination managers.     

Validation of a market orientation adoption scale in rural tourism enterprises. Relationship between the characteristics of the enterprise and extent of market orientation adoption

Market orientation (MO) is considered as a competitive strategy for the rural tourism sector. A MO adoption scale is proposed and validated for the rural tourism sector. Given the importance of MO, it is important to know the relationship between a firm's characteristics and MO adoption. This study makes a hierarchical segmentation to predict the behaviour of these firms when adopting the MO. Activity and category are the two characteristics that most effectively predict a firm's behaviour. The contribution made by this work is of interest given the new field of application achieved and which have implications for the professional sector.     

FAVOURING FRIENDS

This paper focuses on the friendship effect on donations in a dictator game. Our results indicate that the taste for altruism is substantially increased when friends play the role of recipients. Controlling for reciprocity there is still a significant friendship effect on donations.     

Electoral Thresholds as Coordination Devices

In this paper, we study one‐person–one‐vote parliamentary elections where voters care both about the winner of elections and about the composition of the parliament. Parties enter the parliament if and only if their vote share exceeds some predetermined threshold. We show that equilibria generically exist in which all parties obtain a non‐degenerate vote‐share and, perhaps more importantly, we show that the size of the electoral threshold acts as a coordination device, which crucially affects the win prospects of the Condorcet winner party. In particular, we argue that the win prospects of the Condorcet winner party decrease with the size of the entry threshold.     

Productivity and unemployment: an ABM approach

Journal of Economic Interaction and Coordination - We investigate the relationship between productivity and unemployment with an ABM approach. In particular, we use the framework of Riccetti et al....     

Growth of KIBS and non-KIBS firms: evidences from university spin-offs

Knowledge Intensive Business Services (KIBS) firms are emerging into a knowledge-processing and knowledge-producing industry. Universities contribute to the creation of KIBS firms through university spin-offs (USOs), which represent an opportunity to boost knowledge spillovers from university to industry thanks to their cutting-edge research knowledge, consolidated research experience and well-developed interactive learning processes. The study of the growth of the KIBS USOs is needed to better understand whether these entrepreneurial ventures represent strategic elements of regional innovation systems and economic growth, distinguishing them from the other USOs in terms of growth. The paper explores whether KIBS firms grow more than non-KIBS firms. Using a sample of 1394 Italian and Spanish USOs over the period 2005–2013, the results show that being a KIBS firm has a positive effect on the growth of Spanish USOs, whereas the same does not hold for Italian USOs. Some relevant policies and practical implications are provided.     

Multiclass Corporate Failure Prediction by Adaboost.M1

Predicting corporate failure is an important management science problem. This is a typical classification question where the objective is to determine which indicators are involved in the failure or success of a corporation. Despite the complexity of the matter, a two-class problem has usually been considered to tackle this classification task. The objective of this paper is twofold. On the one hand, we apply the Adaboost.M1 algorithm to improve the accuracy of a classification tree in a multiclass corporate failure prediction problem using a set of European firms. On the other, we introduce novel discerning measures to rank independent variables in a generic classification task.

Some Observations on the New Group Coordination Procedure of the Reformed European Insolvency Regulation

The recast of the European Insolvency Regulation introduces a new coordination procedure for handling insolvencies of groups of companies. The procedure relies on a group coordinator to create a helpful group insolvency plan while the individual insolvency proceedings remain independent. Albeit being a step into the right direction, the procedure has significant shortcomings such as the weak position of the coordinator, a liberal opt‐in and opt‐out mechanism and the problem of forum shopping. In the end, the new procedure can be a valuable tool in limited cases and should be merely seen as an addendum to a variety of possibilities to handle group insolvencies. Copyright © 2015 INSOL International and John Wiley & Sons, Ltd     

大城市居住区位演变浅议——以重庆为例

城市是人口聚居的地方。随着城市的发展和城市化进程的加快，城市，特别是大城市居民的择居行为和居住区位都在不断地发生变化。本文拟通过对重庆市居住区位变化的分析，对我国现阶段大城市居住区位的演变趋势和基本规律作初步探讨。     

Is there any common knowledge news in the Euro/Dollar market?

This paper analyzes the effect of nine categories of news announcements on the quoting activity of individual foreign exchange (FX) dealers on the Euro/Dollar exchange rate from May to October 2001. We use the double autoregressive conditional Poisson model (DACP), which is designed for time series of count data, which can be both under- or overdispersed. We find that dealers' quoting activity reacts differently to the same announcements, some increasing their activity, whilst others decrease it in response to the same news. Based on the taxonomy of Evans [Evans, M. (2002), Fx trading and exchange rate dynamics. Journal of Finance 57(6), 2405–2447.], we classify our news categories in two groups: common knowledge (CK) and non-common knowledge (NCK) news, according to their effects on quoting activity and price changes. Finally we show that scheduled news announcements are NCK news, and there is no evidence for the existence of CK news amongst our announcements, which means that dealers hardly get a consensus in interpreting the news content.