Systematic Price Differences Between Successive Auctionsare no Anomaly

Identical cases of wine are often auctioned one immediately after another. Ashenfelter (1989) reports that on average, the later lots fetch less. Such a systematic price difference seems anomalous, the more so because it is shown here that rational expectations imply not equal, but rising, prices. Risk aversion is an obvious way of reconciling the evidence with rational behavior. There is an alternative explanation. The auctions observed by Ashenfelter involved a buyer's option, whereby the first-round winner could purchase further cases at the same price. It is shown that this feature may both account for the observed price trajectory and raise seller revenue.     

Perspectives on the implementation of employee rights programs

In the past decade, employee rights have been an increasingly important and complex issue. This paper examines the benefits of successfully implementing employee rights programs and outlines factors that influence effective implementation. This includes a discussion of three general organizational approaches to employee rights issues and contextual factors that influence successful implementation of employee rights programs.Never in American history has there been so much confusion over the prerogatives of managers to manage and the rights of their subordinates to be managed within limits. On this point, if nothing else, there is complete agreement... (Ewing, 1983, p. 1)     

Concentration and non-price competition in the recording industry

This paper examines the effect of varying levels of concentration on a certain type of non-price competition in the recording industry. That dimension of rivalry is the quantity of new recordings released which, as our analysis shows, is likely to be directly related to the degree of musical innovation and diversity offered by the industry. Two theoretical models of the effects of concentration on recording firm behavior are developed and empirical tests are derived to determine if either model correctly predicts industry behavior. Examination of two sets of data suggests that increases in concentration may have led to fewer releases of new recordings, possibly as a result of collusive conduct.     

Solidarity in Climate/Immigrant Justice Direct Action: Lessons from Movements in the US South

In October of 2012, youth organizers from the immigrant justice and climate change resistance movements in the southeastern US metropolitan region of Atlanta, Georgia, coordinated a direct action tactic framed by a unified narrative justifying collaboration between immigrant and climate justice activists on equal terms. In a continuing collaborative relationship, these organizers embraced mutually strategic narratives rooted in local civil rights history, but rejected common ‘global climate justice’ narratives used to frame social and environmental collaborative organizing. We examine the departure from ‘global climate justice’ narratives, which was exemplified by coalition building in Georgia, to argue that scholarship articulating ‘global climate justice’ as a new context for integrating social and environmental movements must anticipate barriers to these solidarities, especially historical, regional and racialized dynamics of power among organizations engaged in these developing alliances. Based on an investigation of strategic alliances between anti‐racist, immigrant justice organizers and climate change activists in the metropolitan areas of Atlanta and Athens, Georgia, we argue that climate justice narratives in both activism and scholarship would benefit from more attention to the particular political and cultural geographies in which diverse forms of climate justice organizing can take hold.     

Transformative service networks: cocreated value as well-being

Fundamental to emerging theories of value cocreation is a developing awareness that value emerges in networks. Service networks form to address issues for those in need, and value is conceived differently by the various constituents in the network. To represent this reality, a core service interaction, the reason for the construction of the network, is evaluated based upon a typology of value-creating interaction styles. Next, the potential impact on transformative value cocreation of various relationships in a service network is explored. To illustrate value cocreation from a network perspective, this paper develops research propositions assessing cocreated value in a health service network. Network factors regarding the structural and relationship properties of networks that advance the theory of value cocreation are proposed. Finally, suggestions for managers include ways to engage service network entities to enhance communication to foster a balanced, mutualistic relationship that optimizes cocreated value. Organizations need to better identify and activate customers' support networks in order to facilitate enhanced collaboration and communication.