Die <Emphasis Type="Italic">Zeitschrift für die gesamte Versicherungswissenschaft</Emphasis> bleibt die Zeitschrift für alle Disziplinen der versicherungswissenschaftlichen Forschung

Ohne Zusammenfassung     

Foreign trade,resource allocation,and structural adjustment in Yugoslavia: 1976–1980

A multisector computable general-equilibrium model for the Yugoslav economy is used to analyze some of the internal and external causes of the foreign-exchange crisis of the 1976–1980 period. Methodologically, its modeling approach, appropriately modified for institutional differences, can be used to study the behavior of socialist economies in which prices play a role in resource allocation. Empirically, the results suggest that internal policy errors and systemic factors were the predominant force behind Yugoslavia's growing foreign-exchange shortage between 1976 and 1980. J. Comp. Econ., March 1985, 9(1), pp. 46–70. University of California, Berkeley, California 94720.     

Monetary and fiscal policy interactions in a New Keynesian model with capital accumulation and non-Ricardian consumers

The paper examines simple monetary and fiscal policy rules consistent with determinate equilibrium dynamics in the absence of Ricardian equivalence. Under this assumption, government debt turns into a relevant state variable which needs to be accounted for in the analysis of equilibrium dynamics. The key analytical finding is that without explicit reference to the level of government debt it is not possible to infer how strongly the monetary and fiscal instruments should be used to ensure determinate equilibrium dynamics. Specifically, we identify bifurcations associated with threshold values of steady-state debt, leading to qualitative changes in the local determinacy requirements.     

Sovereign Debt Capacity and the Distribution of Domestic Wealth: A Common Agency Model*

This paper proposes a stylized two‐period, two‐country model illustrating the role of distribution of domestic wealth in determining a country's level of access to international lending. We model sovereign debt redemption policy in a common agency framework. Within this framework, policy is the outcome of the interaction between government and local and foreign interest groups with conflicting preferences on debt repayment. Our main result is that in full lobby competition, when all interests are represented, the only equilibrium solution is repudiation and the consequent inability of government to access international capital markets. Conversely, when the ability to lobby depends on wealth, governments can access international credit up to a given maximum external debt capacity, determined by the skew in the distribution of domestic wealth.     

A dyadic study of interpersonal information search

Although interpersonal word-of-mouth communication, by definition, takes place between two people, rarely has the phenomenon of word of mouth been studied using both members of the dyad. Building on the literature, this article offers a model of active interpersonal information search that is tested by using a method in which information seeker and source perceptions were obtained. Source characteristics were important determinants of interpersonal influence, but seeker characteristics also played an important role. Interestingly, it proved useful to distinguish between demographic and attitudinal homophily of seeker and source as the former was inversely and the latter directly related to interpersonal influence. Mary C. Gilly is an associate professor in the Graduate School of Management and associate dean of Graduate Studies at the University of California, Irvine. Her Ph.D. is in marketing from the University of Houston. Her research interests include the unintended effects of marketing actions, such as the effects of advertising on employees. She also has interests in services marketing, such as customer service, including consumer complaint handling, and cross-cultural service encounters. Her work has been published in theJournal of Marketing, theJournal of Consumer Research, theJournal of Business Research, and other academic journals. John L. Graham is a professor in the Graduate School of Management at the University of California, Irvine. His Ph.D. is in marketing from the University of California, Berkeley. His primary research interests regard international marketing, international business negotiations, and structural equations modeling. His work has been published in theJournal of Marketing, theJournal of Consumer Research, Marketing Science, theJournal of International Business Studies, Management Science, and other academic journals. Mary Finley Wolfinbarger is an associate professor at California State University, Long Beach and is doing research on the topics of internal marketing and gift giving. She teaches Marketing Principles and Marketing Research. She received her Ph.D. in marketing from the University of California, Irvine. Her work has appeared in theJournal of Marketing and other academic journals. Laura J. Yale came to Fort Lewis College in 1991. She holds degrees in Hotel, Restaurant, and Travel Administration from the University of Massachusetts, Amherst, and received her Ph.D. from the University of California, Irvine. She teaches a variety of courses in Marketing and Travel and Tourism Administration, including Marketing Research, International Marketing and Services. Her industry experience and most of her research interest are in the services sector, particularly the tourism industry. She is on sabbatical leave this academic year, writing an introductory textbook on the tourism industry. She will return to teaching in September 1998.     

Designing research to reveal the young child's emerging competence

The focus of this paper is to suggest factors which a marketing researcher should consider in designing experimental procedures that are congruent with the young child's cognitive capacities. Several components of the experimental environment are identified as important in designing an age-appropriate task: familiarity with factual information, context, verbally presented information, and the goal of the experimental task. A young child's strategies for processing an experimental task that exceeds his or her cognitive capacities are considered. Finally, the paper addresses implications for marketing researchers when tailoring experimental procedures to young children.     

THE RELATIONSHIP BETWEEN FOOD PRODUCTION AND CONSUMPTION VARIABILITY: POLICY IMPLICATIONS FOR DEVELOPING COUNTRIES

This paper examines whether there is increased inter-year instability in food consumption at the national level, and to what extent this is attributable to increased instability of food production in the wake of adoption of modern agricultural technology. The data analysed indicates that increased production instability does translate into increased fluctuations in consumption. Nevertheless, year-to-year consumption variability among the sample of 38 countries has declined during the past 25 years. This is attributed to improved stocking operations and trade practices which accompany economic growth. Nevertheless, food insecurity, as measured in terms of fluctuations around trend levels of consumption, does remain a problem, especially among the poor. Therefore, policy options to reduce consumption instability are outlined.