Decoupled Farm Payments and Expectations for Base Updating

The degree to which U.S. farm programs are decoupled from production has been a central issue in recent trade disputes. Several authors have suggested producer expectations for base acreage and yield updating in future farm bills create an incentive to alter planting and input decisions. This article reports analysis of the subjective expectations of producers for base updating and an analysis of the effect these expectations have on producer willingness to accept a buyout of the right to update. On average, producers think the chances of updating in the next farm bill are about 40%, but less than 17% indicate adjusting acreage or yields in anticipation of updating.     

The virtual takeover: The influence of virtual reality on consumption

Looking to current trends, this paper explores the influence of Virtual Reality (VR) on consumption. Specifically, we focus on the influence that VR has on consumer spending by suggesting that identities created in VR will influence consumption behaviour in the real world. While other forms of technology allow consumers to create alternative identities, we suggest that the unique aspects of VR, bolstered by forthcoming advances, will make identities created in VR relatively more self-important and more salient in real world consumption. We also propose implications for marketing research and practice.     

DATA‐DRIVEN DRAFTING: APPLYING ECONOMETRICS TO EMPLOY QUARTERBACKS

We show that firms can employ data‐driven methods to improve their hiring decisions. Specifically, we use data available to National Football League (NFL) teams prior to the NFL draft to estimate econometric models that predict the future performance of drafted quarterbacks. As our methods are replicable, stakeholders can use them to improve the draft's efficiency and help it accomplish its mission to promote competitive balance. Furthermore, data‐driven methods such as ours can help firms avoid biases against employee characteristics that do not affect future job performance. (JEL L83)     

A confirmatory investigation of industrial buyer image of the Saleswoman

An intervening variable between ability and sales performance is the receptivity of professional purchasing agents. In this article we examine the extent to which purchasing agents’ perceptions of female sales representatives constitute a barrier to the latter’s sales performance and effectiveness. The present investigation replicates the work of Swan et al. (1984) with two substantive improvements; (1) it is based on a sample representative of purchasing agents throughout the United States, and (2) the study introduces importance ratings for each of the attributes thought to contribute to buyer preference for a salesperson. In addition to replication, the present investigation allows for comparison of changes in purchasing agent’s perception of differences between male and female industrial salespersons during the decade of the 1980s. Results support the earlier study in finding no overt evidence of negative stereotyping of female sales representatives. Directions for future research are also discussed.     

Unemployment,disequilibrium and the short run phillips curve: An econometric approach

The paper specifies a disequilibrium model for the aggregate labour market consisting of demand and supply functions for labour, an adjustment equation for wages as well as for prices, a transactions equation and, finally, an equation that relates measured unemployment to vacancies and to excess demand. The model has a more sophisticated treatment of dynamics than earlier disequilibrium models. The parameter estimates and the goodness-of-fit are satisfactory and the model's implications for the behaviour of several important variables are sensible. In particular, excess demand estimates computed in various ways are reasonable.     

The Determinants of Price Adjustments in Retail Supermarkets

This paper examines the determinants of price adjustment decisions by supermarkets to increase or decrease prices for 11 different food categories and evaluates the characteristics of these firms that influence these decisions. We use a unique dataset to analyze firm variables and industry variables and their impact on price adjustment in supermarket stores. The study contributes to the price adjustment literature by identifying determinants of price behavior by stores and product category. We find that the rationale for increasing prices differs from that for decreasing prices, retailers make different adjustment decisions based on product category, and market‐level controls have little impact. Copyright © 2015 John Wiley & Sons, Ltd.