Whose Right to Jerusalem?

Jerusalem is a city mired in spatial conflict. Its contested spaces represent deep conflicts among groups that vary by national identity, religion, religiosity and gender. The omnipresent nature of these conflicts provides an opportunity to look at Henri Lefebvre's concept of the right to the city (RTC). The RTC has been adopted and celebrated as a political tool for positive change, enabling communities to take control of space. Based on extensive fieldwork and in‐depth interviews, this article explores the complexity of the RTC principles and examines three urban battlefields in Jerusalem — Bar‐Ilan Street, the Kotel and the Orient House. The RTC is a powerful idea, providing the opportunity to examine people's everyday activities within the context of how space can be used to support their lives. Yet Jerusalem's myriad divisions produce claims by different groups to different parts of the city. In Jerusalem, the RTC is not a clear vision but a kaleidoscope of rights that produces a fragmented landscape within a religious and ethno‐national context governed by the nation state — Israel. The growth of cultural and ethnic diversity in urban areas may limit the possibility for a unified RTC to emerge in an urban sea of demands framed by difference. Space‐based cultural conflict exemplifies urban divisions and exacerbates claims to ‘my Jerusalem’, not ‘our Jerusalem’. Identity‐based claims to the RTC appear to work against, not for, a universalistic RTC.     

“The Night They Took Over”: Misogyny in a Country-Western Gay Bar

Abstract

Informed by feminism and theories of masculinity and space, this ethnography explores how gay men negotiate hegemonic masculinity in response to Lesbian Night, a regular Thursday night occurrence when women outnumber men at a country-western gay bar. Findings are examined to reveal the misogynistic assumptions inherent in gay men's reaction to Lesbian Night. Gay men's attempt to define the bar as a gay male space highlights their allegiance to a normative dialectic that pits men against women, and shows their unwillingness to forgo the authority and power inherent in their position as men. These findings highlight the complexities that lie at the intersection of gender and sexuality, and illustrate leisure spaces as complex and dynamic locations that foster inequity as well as community.     

Participation by U.S. Agencies in International Brand Advertising: An Empirical Study

Abstract

Marry ad agency executives have proclaimed the era of the global advertising agency. They observe that corporations are moving towards placement of their worldwide advertising through a single agency, and they predict that a few large “mega-agencies” will take over a majority of international advertising accounts. Yet, no published studies have examined how many brands are actually handled by the same ad agency worldwide. This paper presents the results of a survey examining the extent to which U.S. companies use the same agency to advertise abroad and in the home market. The study found that of the brands sold abroad, only about one-third are handled by the same agency both at home and abroad. This proportion does not vary significantly with advertising budgets, by product class, or between standardized and non-standardized brands. In addition, no single-agency group or “mega-agency” handles more than eight percent of the sample brands, and no agency handles a majority of its U.S. brands abroad.     

Competitive Pressure in Transition: A Role for Trade and Competition Policies?

This paper investigates the effects of trade reforms and antitrust enforcement on the pricing behavior of firms, shedding light on the respective contributions of these policy instruments to the shaping of competitive markets. To this end, we use a rich panel data set of more than 25,000 manufacturing firms from Bulgaria, the Czech Republic, Estonia, Hungary, Poland, the Slovak Republic and Slovenia, spanning a 5-year period. We find a positive and statistically significant relationship between domestic firms’ mark-ups and industry protection, as reflected in MFN and trade-weighted import tariffs. The toughness of competition policy enforcement, captured by the number of final instance decisions delivered by national antitrust authorities and an index developed by the EBRD, has a negative impact of greater magnitude than import penetration. We also test for the significance of enacting major legislative amendments with regard to competition policy in the studied countries, as well as for differential effects in export-oriented and import-competing industries.     

The post-offering performance of IPOs in the health care industry

This paper investigates the post-offering performance of initial public offerings in the health care industry in a sample of 223 IPOs issued between 1985 and 1996. Statistically insignificant abnormal returns for IPOs relative to matched control firms and risk-adjusted health care index are evident for the whole sample. Thus, our empirical results support the overall information efficiency in the IPO market. However, numerical and statistical differences of the IPOs’ abnormal returns are documented in every subgroup specified according to the issuance years and sectors. We conjecture that such differences are due to the growing threat of government intervention and the significant structural changes.(JEL11, C11) The views expressed herein are our own and do not necessarily reflect the views of our colleagues.     

Does market size structure affect competition? The case of small business lending

Market size structure refers to the distribution of shares of different size classes of local market participants, where the sizes are inclusive of assets both within and outside the local market. We apply this new measure of market structure in two empirical analyses of the US banking industry to address concerns regarding the effects of the consolidation in banking. Our quantity analysis of the likelihood that small businesses borrow from large versus small banks and our small business loan price analysis that includes market size structure as well as conventional measures yield very different findings from most of the literature on bank size and small business lending. Our results do not suggest a significant net advantage or disadvantage for large banks in small business lending overall, or in lending to informationally opaque small businesses in particular. We argue that the prior research that excluded market size structure may be misleading and offer some likely explanations of why our results differ.