Muslim Hoedowns,Tenuous Language and the Uncertain Lives of an Urban Majority

Drawing upon diverse elements of Islamic thought, this essay examines the notions of gathering and footwork to think through the elaborations of a material sensibility embedded in the everyday navigations of contemporary urban life. From reflections on the surreptitious encounters of African Americans in various contexts of subjection, to zar practices in Amman and to popular orientations to megacomplex residencies in Jakarta, the essay attempts to address what it means to think and act collectively in urban contexts that fragment, track, evict and erase long‐relied‐upon forms of collaboration. How might we discover in the seeming contraction of urban sociality something else besides intensive individuation, and what kinds of vernaculars and rhythmic encounters, of bodies moving towards and away from each other, might turn the peripheral forms of the urban into sites of new generativity?     

Assessing the Impact of Price Promotions on Consumer Response to Online Stockouts

The recent growth of e‐commerce technologies has disrupted the traditional retail environment, leading to more consumers shopping online. While the manner in which consumers shop is changing rapidly, our understanding of how changing consumer behaviors affect retail supply chain management is lacking. In particular, our understanding of how consumers react to stockouts in an online shopping environment remains unclear. Making the challenge even more difficult is the fact that price promotions are heavily used to attract consumers in an online retail environment where consumer switching costs are low. This research develops a theoretical framework, based on expectation‐disconfirmation theory, to explain the effect of price promotions on consumer expectations of product availability and their reactions to stockouts in an online retail environment. Surprisingly, our findings suggest that consumers are actually less dissatisfied with a stockout of a price promoted item than a nonprice promoted product and are less likely to switch to another retailer's website. These findings may suggest that price promotions actually create a type of switching cost in the online retail environment, leading to interesting implications for researchers and supply chain managers.     

Disentangling liberalization and privatization policies: Is there a political trade-off?

We empirically investigate the political determinants of liberalization and privatization policies in six network industries of 30 OECD countries (1975–2007). We unbundle liberalization and privatization reforms and study their simultaneous determination in a two-equation model. Unlike previous studies, we account for cross-effects between the two pro-market measures. Our findings unveil that both right-wing and left-wing governments implement liberalizations and privatizations, showing a common trend under the so-called neo-liberalism wave. However, although the privatization rate is higher than liberalization in right-wing environments, the opposite occurs under left-wing governments. We argue that ideological cleavages still affect pro-market reforms, particularly the combination of privatization and liberalization policies. We conclude that different deregulation patterns should be expected under governments characterized by different political ideologies. Our results shed new light on the literature investigating the political-economic rationale underpinning pro-market choices.     

Selection processes in a Delphi study about key qualifications in Senior Secondary Vocational Education

The focus of this study is the Delphi method. First, a short history of the Delphi method is given. Then, different types of the Delphi method are described, and the validity and reliability of the Delphi method are discussed. Finally, this study reports on the selection processes and assessments faced when a policy Delphi was conducted into qualification issues in Senior Secondary Vocational Education in the Netherlands.     

Sustainable Development,Renewable Resources and Technological Progress

Conflicts between optimality and sustainability are typical in the literature on sustainable development. Using the capital-resource growth model, Pezzey and Withagen (1998, Scandinavian Journal of Economics 100 (2), 513–527) have proved that if natural resources are exhaustible, the time-path of consumption is single-peaked, declining from some point in time onwards. This paper extends the model to include technical progress, resource renewability, extraction costs and population growth. The main result is that, for any constant returns to scale technology, optimal paths can be sustainable only if the social discount rate does not exceed the sum of the rates of resource regeneration and augmentation. The development of resource-saving techniques is crucial for sustaining consumption per capita in the long run, whereas capital depreciation and extraction costs are neutral with respect to this sustainability condition.     

School, images of the futures and social processes in classrooms

Futures studies express a deep concern for the negative effect school education has on young people's images of the future and their proactive attitude to the future. Here, images are regarded as cultural maps and the article attempts to outline a model of interaction in the classroom, which may be useful for understanding how school practices affect images.Given the cultural perspective on images, the analysis focuses on the social processes that organise the creation, negotiation, and distribution of cultural inventories in the classroom, including the meanings and meaningful expressions about future.

Whenever a culture is understood to be a collective phenomenon, it needs a sociology. When this sociology is left implicit, the danger is greater than it is a weak sociology.Ulf Hannerz

     

Die Versicherungsnachfrage von Unternehmen: Eine Empirische Untersuchung der Sachversicherungsnachfrage deutscher Unternehmen

This article presents the results of an empirical analysis regarding the corporate demand for insurance. As several studies before tested the theoretical arguments for the corporate motivation to purchase insurance, this article provides the fist empirical analysis focussing on the insurance demand of German corporations. The empirical evidence, found in the data of corporate clients of a German insurance company, supports the hypotheses regarding the relation between the demand for insurance and the size of the corporation, insolvency costs and real services of the insurer as well as the influence of the ownership structure of a stock corporation. Conflicting results were found regarding regulation.     

Maximum diversification strategies along commodity risk factors

Pursuing risk‐based allocation across a universe of commodity assets, we find diversified risk parity (DRP) strategies to provide convincing results. DRP strives for maximum diversification along uncorrelated risk sources. A straightforward way to derive uncorrelated risk sources relies on principal components analysis (PCA). While the ensuing statistical factors can be associated with commodity sector bets, the corresponding DRP strategy entails excessive turnover because of the instability of the PCA factors. We suggest an alternative design of the DRP strategy relative to common commodity risk factors that implicitly allows for a uniform exposure to commodity risk premia.