Environmental flows: Telecommunications and the dematerialisation of cities?

This paper explores the relationship between telecommunications systems and urban environmental policy. It challenges the powerful, and often taken for granted, assumption that telecommunications improve the environmental performance of cities because the technologies are ‘inherently environmentally benign’ and that they simply ‘substitute’ for travel, inevitably leading towards the dematerialisation of the contemporary city. Instead the paper argues that telecommunications raise serious environmental problems and act as powerful materialisers, particularly as a generator of new demands for travel. It shows that the environmental implications of telecommunications are undoubtedly more complex and contradictory than is often assumed.     

Complementarities and the managerial challenges of state enterprise restructuring: evidence from two shipyards

The authors examine detailed organizational changes in two similar Polish state enterprises over the past five years. Effective restructuring requires a coherent package of complementary change in at least eight aspects of the business. The requirements on management are formidable and suggest that state enterprise restructuring will be more difficult than is widely believed.     

Post‐socialist trade unions: China and Russia

This paper identifies the constraints and opportunities facing trade unions in post‐socialist societies through a comparison of the Russian and Chinese cases. The paper charts the changing role of trade unions in the integration of state‐socialist economies into global capitalism and argues that this presents the trade unions with a dilemma: whether to reconstitute their traditional role through collaboration with management and the state apparatus, or whether to develop their ability to defend the rights and interests of workers. While the former offers the line of least resistance, there are progressive elements pushing for change in both trade union movements.     

Monetary Shocks and REIT Returns

We investigate the influence of unanticipated changes in US monetary policy on Equity Real Estate Investment Trusts (REIT’s). Although a number of studies have investigated the issue of interest rate changes, the effect of unanticipated changes has not previously been addressed in terms of possible effects on both REIT’s returns and volatility. The results show a strong response in both the first and second moments of REIT returns to unexpected policy rate changes. The results for the impact of the shock on both mean and volatility of returns is consistent with results from studies addressing broader equity markets. However, we find evidence both against behavioral changes in volatility coincident to US monetary policy decisions and asymmetric responses to the monetary policy shock.

From short-term to long-term orientation—political economy of the policy reform process

Despite the fact that policymakers often have a short-term horizon and prefer discretionary over rule-bound policy, one can observe policy reform with a focus on rules and long-term orientation. Sometimes reforms are driven by crisis, sometimes they are pursued in times of relative prosperity. The paper analyzes reform processes theoretically under the assumption of imperfect knowledge. After the introduction, the second section of the paper shows that rule-bound policy encourages a long-term orientation of policymakers, resulting in higher economic dynamics and growth as compared with discretionary policy. In the third section, the political economy of the reform process, i.e. replacing discretionary by more rule-bound policy, is analyzed in an evolutionary setting. The basic hypothesis is that a policy reform is triggered by three key factors: (1) a worsening economic situation, (2) increasing knowledge of policymakers and the public with respect to the effectiveness of policy paradigms and (3) external, in particular international support. In a fourth section, we present a case study. Finally, we draw conclusions.

A typology of small- and medium-sized supplier approaches to social responsibility

Research on socially responsible supply chains has tended to define suppliers over-simplistically as either responsible or irresponsible. This paper illuminates the varied roles of broadly socially responsible small and medium sized enterprises by seeking to discern the differences and highlight the heterogeneity of the approaches taken. Distinguishing our approach from extant corporate social responsibility categorisations, a typology is outlined, drawing on Jungian Theory of Extraversion and the strategic capability of smaller firms. The analysis suggests four groupings of socially responsible small and medium enterprise supplier: strategic engager; strategic contemplator; active connector and active reflector. Overall, the paper seeks to inject nuance into discussions regarding supplier social responsibility practices, adding to the small business social responsibility literature, as well as unifying a number of strands of research relating to supply chain responsibility. The proposed typology offers firm foundations for further empirical and conceptual research in the area.     

Ökonomische Aspekte der Energiepolitik

Die in der ersten Jahresh?lfte 2006 sprunghaft gestiegenen Energiepreise haben die Abh?ngigkeit der Weltwirtschaft vom Roh?lpreis in Erinnerung gerufen. Die Weltwirtschaft kann aber auch von den Auswirkungen des Klimawandels betroffen werden. Wie sieht es mit der Energieversorgung und der Energiesicherheit in Deutschland aus? Wodurch steigen die Energiepreise? Welche ?konomischen Auswirkungen hat der Klimawandel? Ist der Emissionshandel in der EU und die F?rderung der erneuerbaren Energien in Deutschland auch unter ?konomischen Aspekten zu rechtfertigen? Prof. Dr. Karl Heinz Hausner, 37, lehrt Volkswirtschaftslehre an der Fachhochschule des Bundes für ?ffentliche Verwaltung in Mannheim und ist Lehrbeauftragter an der Hochschule für Bankwirtschaft, Frankfurt am Main; Prof. Dr. Silvia Simon, 35, lehrt Volkswirtschaftslehre an der Hochschule M?nchengladbach und ist Forschungsbeauftragte am Liechtenstein Institut, Fürstentum Liechtenstein.     

Using Policy Modeling to Describe the Negotiation Exchange

This is a study of the points of view in a negotiation. Policy modeling, a new method for understanding utilities, is discussed. With policy modeling, the importance weights, subjective values, and a trade-off strategy were estimated from prenegotiation ratings. With these parameters, the values of unfamiliar offers made during a negotiation then also could be estimated. The utility models of the individual negotiators allowed display of the pattern or dance of offers of a particular negotiation. These graphs showed a surprising stability of utilities prior to and during the negotiation. Individual negotiator's offers and perceptions of the opponent's offers during negotiation were consistent with the utility predicted from the policy model. Results are discussed in terms of the important role of utilities in negotiation and the potential for this new method to examine variables that may influence, or cause a departure from, the stability of utilities during negotiation.