The FTC in the 1980s

This paper reviews the antitrust activities of Federal Trade Commission during the 1980s with special emphasis on the role of economics and economists. We contrast the FTC during the 1980s to its record in the 1970s and conclude that the agency was more active during the 1980s than is popularly believed. Perhaps more significant than changes in the level of enforcement activity was the agency's move to a more economics-oriented approach to antitrust enforcement and an increased role for Commission economists. The paper also comments on what FTC economists learned about American industry during the 1980s.     

The influence of management journals in the 1980s and 1990s

It is difficult to get a clear picture of the relative influence of management journals because previous studies have focused on a single sub‐area in the field over a relatively restricted number of years, and/or have used inconsistent criteria to judge journal influence. Therefore, the purpose of this study is to examine journal influence using citations from 28 journals over the past two decades. The findings show that the top seven journals accounted for 61 percent of all of the citations in the journals included, and that the three journals that showed the greatest increase in influence over the past 20 years were AMJ, AMR, and SMJ. Copyright © 2005 John Wiley & Sons, Ltd.     

From loading coils to microwaves : The rise and fall of Bell

AT & T's 60-year monopoly on intercity service in the USA was founded on its sole ownership of patents on the loading coil and the electronic amplifiers that made long-distance telephony possible. The monopoly lasted in spite of social, economic and political pressures for a free market only as long as there was no technical alternative to wireline systems for large capacity telecommunications. When microwave radio relay was developed, it proved to be less expensive than wireline, and AT & T did not control the patents on it. The technical foundation of the monopoly vanished and the structure crumbled.     

Syrian food security in the 1970s and 1980s

An analysis of changes in domestic production, foreign trade and aid in Syria from 1970 to the late 1980s reveals a marked contrast between the two decades. In the 1970s per capita incomes expanded rapidly due to the regional oil boom. Demand for food grew quickly and, despite respectable supply growth, food imports as a percentage of consumption increased. During the 1980s income per capita stagnated and demand growth slowed. At the same time a series of poor rainfall years reduced domestic supply growth and increased production variability, yet food imports showed no trend     

The rise and fall of a market leader: Frozen foods in the U.K.

This paper explores the nature of competitive assets that are based on control of part of a market's infrastructure using a case study of the U.K. frozen food market. Following an argument due to Stigler, the thesis of the paper is that such assets are inherently transitory, and that positions of market leadership based on them tend to erode. This argument is consistent with the experiences of Birds Eye during the post-War period.     

The great school milk conspiracies of the 1980s

Various dairy companies' allocation of school milk contracts using signalling, sham bids to honor incumbency and other devices are examined to determine whether bidding was collusive or pure oligopolistic interdependent behavior following noncooperative game theory. The schemes used to allocate contracts were found to be efficient methods for reaching agreements. Since pure interdependent (noncoorperative) behavior requires rivals to corelate signals, coordinate expectations, and resolve timing-uncertainty problems within sealed-bidding constraints, detailed analysis of the economic evidence of bidding practices requires rejection of a Nash equilibrium explanation for the behavior.     

Ballots and Union Government in the 1980s

During the 1980s the Conservative government argued that trade unions' leaders and policies did not accurately reflect the views of their members. Accordingly, the Trade Union Act 1984 required that all voting members of union principal executive committees be periodically elected by individual members in a workplace or postal ballot, and the Employment Act 1988 required that all executive committee members and all officers in attendance for the purpose of policy deliberation and formulation be periodically elected by members in a postal ballot. This legislation has left an indelible mark upon the processes of union government but it has failed to initiate a transformation in the political complexion of union leadership or a redirection of union policy.     

The harder they fall,the faster they rise: Approach and avoidance focus in narcissistic CEOs

Drawing on theoretical underpinnings of approach‐avoidance motivation and CEO narcissism, we provide a framework examining stronger approach focus (motivation towards desirable outcomes) and weaker avoidance focus (motivation away from undesirable outcomes) in narcissistic CEOs using a quasi‐natural experimental setting—the economic crisis beginning in 2007. Because highly narcissistic CEOs possess lower avoidance motivation in the precrisis period, their firms face greater declines in the onset of the crisis. However, their greater tendency towards approach motivation enables narcissistic CEOs to increase firm performance in the postcrisis period. While narcissistic CEOs are less likely to protect against potential shocks, they are adept at helping firms recover from such shocks. Using a sample of 392 CEOs representing 2,352 CEO firm‐years, we find support for the proposed framework. Copyright © 2013 John Wiley & Sons, Ltd.     

The Role of Principal-Agent Conflicts in the 1980s Thrift Crisis

Agency theory suggests that many of the costs incurred by the taxpayer during the 1980s thrift crisis were the result of conflicts between principals and their agents. This study models the costs associated with three distinct types of agency conflicts involved in closing an insolvent thrift—conflicts between creditors and owners, between owners and managers, and between taxpayers and government officials. Using a model that controls for sample-selection bias, the study presents strong evidence that thrift owners effected wealth transfers from creditors by undertaking high-risk investments, and that government officials pursued policies that increased losses to the thrift deposit insurance fund which ultimately were funded by the taxpayer. The results do not show that managers effected wealth transfers from owners through expense-preference behavior, but rather that inefficient management increased the losses of the deposit insurance fund.     

The Wage Premium for Job Seniority During the 1980s and Early 1990s

In this article I use Panel Study of Income Dynamics (PSID) data to study whether the rewards for job tenure have fallen since the early 1980s. An upward-sloping seniority-wage profile is generally thought to be an important dimension of compensation during a career. However, recent interest in the incidence of layoffs and changes in the structure of firms gives rise to the possibility that employment contracts are less often being structured to reward tenure or that such contracts are more difficult to honor. Using a two-stage estimator to attempt to control unmeasured individual and job match effects on wages, I find some evidence that the wage premium paid to senior workers has declined moderately. However, I find that these results are mildly sensitive to alternative methods of handling the relatively noisy PSID tenure data.     

Industrial sales management in the 1980s

This article offers suggestions for sales management in the 1980s. Experts believe that energy and other resources will decline, government regulation will increase, and increased attention will be given to social responsibility. Several recommendations for dealing with these anticipated pressures are presented.     

The needs of Japanese industry and engineering education

Japan experienced a miraculous reconstruction after the second world war partly due to the far-sighted support of the victors, especially the United States, and China, who did not divide the country or demand reparations, and partly due to the unique inherent qualities of the Japanese people.The Japanese race has developed its national identity from a combination of the country's location, climate and the circumstances of its some 1000 year history. As a result the people of Japan are truly a single race, for the most part uniform in experience, culture and language with a strong domestic orientation. From an educational viewpoint, the Japanese are historically good learners. However, they are traditionally bad when it comes to generating new ideas by applying theory for creative purposes.A simple process of (1) follow, (2) catch up and (3) equal or surpass describes the development of the high-tech industry in Japan. This process has made the most of the Japanese people's ability to absorb information as well as their single-minded determination to achieve goals and their propensity for concentrated effort. As the automobile and semi-conductor industries illustrate, the Japanese have unequalled expertise when it comes to adopting technology from advanced industrial nations overseas, perfecting it and making it their own.The challenge for the Japanese people, now that the catch-up process is all but completed, is to continue their progress by generating their own innovative ideas. In addition, the Japanese must develop a more global orientation and consider the needs of foreign markets in new product development. This evolution must take place in an atmosphere of international sharing, co-operation and partnership.In terms of education, the traditional good learner with a domestic orientation must be taught how to be a good original thinker with an international viewpoint.The engineering system in Japan has been placed against this background and is examined from both an historic and a futuristic perspective.     

Success is not enough: The spectacular rise and fall of a strategic alliance between two multinationals

This article analyzes a strategic alliance between two multinational companies from the same geographical region. Originating in the same industrial culture and with technically advanced, complementary products, they formed a strategic alliance for international growth in 1947. Despite significant changes in the market over the years, the companies remained market leaders and icons of a successful alliance until 1988, when the alliance suddenly collapsed. The study describes the alliance process from a long-term perspective using a theoretical framework based on motives, resources, competitive advantage, trust and performance. Although the alliance is no more, it is found to have made a substantial contribution to the collaborating firms with respect to their growth and expansion in the world market. Both partners achieved what they expected from the alliance. They also have developed well as competitive companies thereafter. The sudden end to the collaboration can therefore not be seen as a failure. However, it is argued that the separation process, as the process of alliance formation, needs to be taken seriously, and managers must give sufficient time and effort to ensure that the break-up becomes non-dramatic and less painful.     

如何提高工程造价编制水平

文章介绍了我国工程造价管理现状及存在的问题,并对在我国新的经济形势下如何提高工程造价编制水平提出了建议。