Accessible tourism and sustainability: a discussion and case study

This paper explores the concept of accessible tourism and its links with triple-bottom-line (TBL) sustainability. Accessible tourism is reviewed through some of its central features including dimensions of access, universal design and the nexus between ageing and disability. The TBL is then examined to better understand the financial, environmental and social considerations that arise from accessible tourism. The research design used in this explorative research incorporated a case study approach, where a business case study instrument was developed. Methods included a Delphi group, review of management information systems, in-depth interviews with key informants, observation and participant observation. The study results revealed that rather than accessible tourism being a single construct, it forms one critical dimension of a series of interrelated, overlapping and interdependent business arrangements that extend beyond the business entity through a series of social networks within the destination region. It is argued that to properly satisfy the accessible tourism market, a more sophisticated understanding of accessible destination experiences is needed by tourism operators. The case study illustrates the considerable size and multi-niche markets served by accessible tourism destinations, the good fit between accessible tourism and TBL sustainable tourism, and the need for further research.     

What Advertisers Need to Know about the iYGeneration: An Australian Perspective

A great challenge exists today: how to reach youth (a.k.a. the iYGeneration) who consume multiple media concurrently, who can access information on demand, and who have intertwined virtual social media networks in their lives. Our research finds that Australian youth multi-task and rarely use traditional media, although significant differences between males and females, as well as late tweens and 20-somethings, exist. Technology convergence facilitates two-way dialogue, allowing growing social interactions to occur in their technological environments. Our findings show that in order for marketing communication professionals to effectively communicate with this market, it is crucial to know exactly how the iYGeneration use media, which media they use, and when they use it.     

A Model of the Relative Income Hypothesis

James Duesenberry's (1949) relative income hypothesis holds substantial empirical credibility, as well as a rich set of implications. Although present in the pages of leading economics journals, the hypothesis has become all but foreign to the blackboards of economics classrooms. To help reintegrate the concept into the undergraduate economics curriculum, the author constructs a model of the relative income hypothesis to present a few of its important properties and implications. Negative spending externalities, the effect of public provision taxes on wasteful spending races, and the Pareto implications of universal income growth are illustrated within a two-good consumption space as a method of introducing this rich literature to a greater number of introductory and intermediate economics students.     

Ricardian Equivalence and the Efficacy of Fiscal Policy in Australia

Events surrounding the global financial and economic crises of 2008 and 2009 have sparked a renewed interest in discretionary fiscal policy. This article considers whether private saving in Australia behaves in a manner that is consistent with Ricardian equivalence, thus mitigating the effects of fiscal policy, or conversely, if fiscal policy has some ability to influence the real economy. Results indicate that, while there is not a full Ricardian response to changes in the fiscal stance, there is some partial offsetting behaviour—implying that fiscal policy does elicit some (limited) impact on economic activity.     

Analysis of prospective airline mergers using a simulated annealing model

This paper examines the efficacy of a simulated annealing model of the US airline network in analyzing potential mergers between major airlines. The simulation performs satisfactorily in modeling the current hub-and-spoke system focusing on the effects on passenger routings, producer profits, and consumer welfare. In general, the simulated annealing model reasonably demonstrates the price and demand effects due to a merger of major carriers. While it cannot take into account all relevant information, such as labor union relationships and negotiating tactics, it can offers insight into the implications of airline mergers.     

Would NAFTA have been Approved by the House of Representatives under President Bush? Presidents,Parties, and Trade Policy

This paper examines five trade policy votes in the United States House of Representatives, one during each of the last five presidential terms. The paper investigates the determinants of representative voting and shows that Congress members are more likely to support trade liberalization if the President is a member of their own party. The estimation allows a prediction to be made of the likely House trade votes under alternative presidential election outcomes. The model predicts that the probability of NAFTA being approved would have been greatly reduced by a victory for President Bush (41) in the 1992 election. Neither the trade promotion authority granted to President Bush (43) in 2001 nor the CAFTA signed in 2005 would likely have been approved under Democratic Presidents.     

Knowledge structures of prospectors,analyzers, and defenders: content,structure, stability,and performance

The managerial cognition perspective argues that managers operating in complex, dynamic environments develop knowledge structures that help them focus their attention, interpretation, and actions. We explore the content and structure of top managers' strategic knowledge structures by measuring differences in the level of attention they give in annual reports to strategic issues and themes that Miles and Snow used to describe their main strategic types. Twenty-one themes that form seven main factors describing managers' strategic cognition are identified, and these demonstrate reasonable fit with the Miles and Snow model. We show that expert raters can recognize these factors when they read annual reports that contain them. Cluster analysis is then used to identify groups of firms that share similar profiles on these strategic dimensions which are interpreted as examples of cognitive strategic groups. These groups show alignment with Miles and Snow's strategic types, are relatively stable over time, and differ in financial performance. The sample comprises 1,038 listed Australian firms between the years 1992 and 2003. Copyright © 2007 John Wiley & Sons, Ltd.     

WHY ARE TRADE BARRIERS SO LOW?

The political economy literature suggests that tariff rates should be high because the gains to producers from protection are enormous while the welfare costs are small. This paper presents and evaluates six possible explanations for the relatively low tariffs we see today in most developed countries.     

Managing the Risks of Corporate Political Donations: A Utilitarian Perspective

This paper applies a utilitarian analysis to corporate political donations. Unlike the more common rights-based analyses, it is argued that the optimal policy is the one that best satisfies society’s rational preferences concerning donor influence, adequate financing, donor pressure and the cost of maintaining and enforcing the democratic system. This analysis suggests that a ban is best if it would be generally observed and sufficient financing from other sources is available, otherwise a donation cap is a better option. Further, lobbyists should be banned from donating small gifts and drafting bills for candidates. The impact of disclosure and other risk management mechanisms are also considered.