Preference adjustment and opportunities for agreement: Decision modeling to assess negotiating flexibility at UNCED

This paper develops a conceptual framework and applies it to analyze the dynamics of national interests in prenegotiation. The study's goals are to develop a systematic approach for analyzing prenegotiation processes and provide results that will have practical utility for negotiators. Specifically, the approach is applied to the prenegotiation process of the 1992 United Nations Conference on Environment and Development (UNCED), examining the financial resources issue, in particular. Decision analytic models were built to account for three key negotiation actors, and sensitivity analyses were performed to evaluate the incremental modifications to issue preferences required to achieve mutually acceptable compromises. Conclusions are drawn that indicate the extent of flexibility required of key negotiation actors to take advantage of the opportunities for agreement in the financial resources issue area. The conceptual framework and methodological approach explored in this paper can provide practical assistance as a planning tool for negotiators, helping them to diagnose the situation and plan strategies for future environmental and other multilateral negotiations. The approach can suggest specific opportunities for compromise and the degree and type of flexibility needed to achieve a convergence of interests on the issue.     

Duell oder Berichterstattung?

Televised debates between the German Chancellor and his challenger were held for the first time in the election campaign in 2002. Hence we had the opportunity to examine the effects of debates as well as the impact of the follow-up news coverage of the debate. By combining a content analysis of debate coverage and a representative survey, we explored how voters’ reception of the first TV debate and their reception of the debate coverage interacted. Voters were influenced both by the impression they formed by directly viewing the debate and by the indirect impression they gained from follow-up media coverage. On the one hand we found an impact on voters’ views of the candidates’ appearance and of who won the debate. On the other hand we found an impact on voters’ general notions of the candidates’ personalities and competences. Furthermore there were — probably rather short-lived — shifts of candidate and party preferences.     

Critique of the Corn–Guano Model

It is argued that the corn–guano model proposed by Bidard and Erreygers is too simple as a representation of Hotelling's theory because it does not reflect the distinction between the resource in situ and the extracted resource. The claim to have transposed the representation of Hotelling's theory from the neoclassical to a classical context is not warranted because normal prices are not used. The model is elegant in its simiplicity but it does not face the relevant problems of exhaustible resources posed by the real world.     

The Anatomy of Public and Private Real Estate Return Premia

Market-wide, stock market specific, and real estate market specific risk – what kind of risk and to which extent drives the returns of listed real estate? Based on a structural asset pricing model calibrated to the empirical data in the U.S., we show that at least two thirds of the risk premium of listed real estate are driven by the same factors as direct real estate. Our results shed new light on the risk-characteristics of listed real estate returns and are of high interest for academics, regulators, and portfolio managers alike.     

Creative mass. Consumption,creativity and innovation on Bangkok's fashion markets

The becoming productive of consumer culture has been an important theme for social research. Within neoliberal discourse, the link between consumer culture and new forms of immaterial production has been conceptualized as “creativity.” This paper uses the experience of Bangkok's fashion markets to begin to articulate an alternative understanding of the relation between consumer culture and immaterial production, a different kind of “creativity.” We suggest that Bangkok's fashion markets manifest a kind of creativity where innovation is highly socialized, as opposed to being oriented around the notion of individual genius and individual intellectual property; where participation is popular as opposed to elite-based and where the ambiguous relation between creation and commercial success that is intrinsic to Western notions of creativity is replaced by an embrace of markets and commerce as vehicles for self-expression. Bangkok's fashion markets represent an example of a market-based commons centered innovation economy.