Assessing the impact of price changes and extreme climatic events on sediment loads in a large river catchment near the Great Barrier Reef

Ocean turbidity (associated with sediment from rivers) can significantly impact reef health. In Australia, there are many plans to reduce sediment loads by encouraging best management practices; there is also interest in the use of market‐based instruments. But it is exceedingly difficult to assess the potential efficacy of market policies, since that requires one to determine how changes in the socio‐economic system (e.g. price changes) impact the biophysical (e.g. sediment loads). We use historical data (from 1938 to 2011) in a vector autoregression model to simultaneously model interactions between the economic and biophysical systems in the Burdekin River catchment adjacent to the Great Barrier Reef (GBR) lagoon. This allows us to statistically test for the impact of changes in prices on sediment load, while controlling for biophysical influences. We find that extreme events have the most impact on sediment loads, but that prices also impact sediment loads. Evidently market‐based policies may have the potential to reduce sediment loads. Our empirical results provide useful information for those interested in the Burdekin River catchment and the GBR; the modelling approach may have wide applicability in a variety of contexts.     

Disability and household economic wellbeing: evidence from Indonesian longitudinal data

A health shock in general, and a disability in particular, may expose households to material insecurity due to out-of-pocket health expenditures and reduced earnings. Studies on the impact of disability on household welfare in developing countries are scarce, although the expected impact is large given the absence of social protection programmes. Using a unique Indonesian longitudinal dataset with individuals followed over a 17-year period, this study analyses the economic impact and coping mechanisms adopted by households following a physical disability. Fixed effects estimations reveal that households experience rising health expenditures and reduced labour income. Households cope by reducing their food, non-food and education expenditures, selling assets and receiving more remittances. While all household groups are affected by disability, only the poorest households become significantly more likely to cut their food expenditures.     

Job Satisfaction of Estonian Professional Accountants

International Advances in Economic Research -     

Group Decision Making with Dispersion in the Analytic Hierarchy Process

With group judgments in the context of the Analytic Hierarchy Process (AHP) one would hope for broad consensus among the decision makers. However, in practice this will not always be the case, and significant dispersion may exist among the judgments. Too much dispersion violates the principle of Pareto Optimality at the comparison level and/or matrix level, and if this happens, then the group may be homogenous in some comparisons and heterogeneous in others. The question then arises as to what would be an appropriate aggregation scheme when a consensus cannot be reached and the decision makers are either unwilling or unable to revise their judgments. In particular, the traditional aggregation via the geometric mean has been shown to be inappropriate in such situations. In this paper, we propose a new method for aggregating judgments when the raw geometric mean cannot be used. Our work is motivated by a supply chain problem of managing spare parts in the nuclear power generation sector and can be applied whenever the AHP is used with judgments from multiple decision makers. The method makes use of principal components analysis (PCA) to combine the judgments into one aggregated value for each pairwise comparison. We show that this approach is equivalent to using a weighted geometric mean with the weights obtained from the PCA.     

Combined effects of franchise management strategies and employee service performance on customer loyalty: a multilevel perspective

Although franchisee performance is likely to be influenced by franchisors’ management strategies, little is known about whether and how franchisors’ strategies affect franchisee employees’ performance. This study examines the combined effects of three franchisor management strategies, namely innovative culture, support services and autonomy on service performance of the franchisee store employees and the loyalty of their customers. Data were collected from a total of 38 employees and 679 customers of 25 franchisee stores. The study employs multilevel analysis on a nested data-set created by matching customer data with employee data for each store. The results reveal that customer loyalty of a franchisee store is positively influenced by the service performance of its employees and the support services received by the employees of the store from its franchisor. On the other hand, it has been found that franchisor management strategy such as innovative culture and autonomy negatively influence customer loyalty of the franchisee store. The paper discusses relevant theoretical and managerial implications of the findings.     

Collisions: Negotiating tensions in a shared marketplace

Nonprofit organizations (NPOs) operate within marketing systems comprising broader networks of individuals, groups, and/or entities linked through shared participation in economic exchanges. These systems include diverse constituents with varied goals and orientations. Inherently, tensions arise as NPOs, for‐profit firms, and other social actors pursue differing agendas, often competing for finite resources. In this paper, we report the results of an ethnographic study, which examines one community's efforts to alleviate these tensions as they occur in a downtown business district. The area is noted for its economic vitality and diversity, but struggles to accommodate the needs of the homeless population and the social service agencies who maintain a presence there. Relationships between multiple constituencies erode as the business community seeks to displace both the social service agencies and the individuals they serve. The community in this study moved through thematic stages of problem solving associated with contentious social issues. They sought to use a bridging organization by forming a local homeless task force. An apparent breakdown occurred when the task force was unable to articulate integrative values and a vision for the community as a whole. The study illustrates the importance of establishing a set of shared values and vision and emphasizes the importance of the establishment of bridging organizations with power and authority to negotiate and implement changes. It challenges the utilization of sociospatial and relational mechanisms, which are designed to physically shift the homeless from the area.     

The Behavioral Ecology of Fishing Vessels: Achieving Conservation Objectives Through Understanding the Behavior of Fishing Vessels

Environmental and Resource Economics - Colin Clark made seminal contributions in both resource economics and behavioral ecology. In the former, he showed how to link biological and economic factors...     

Accountants’ Relief Foundation (ARF): A not-for-profit case examining contribution receipts and distributions

The Accountants’ Relief Foundation case study exposes students to not-for-profit (NFP) transactions and performance evaluation. Your task is to: (1) explain the advantages and restrictions associated with NFPs, (2) describe and calculate customary NFP performance metrics and assess risks, (3) determine the existence of liabilities and expenses, (4) discuss contract-timing issues, (5) evaluate differences between discretionary and non-discretionary power, (6) evaluate contribution alternatives, and (7) use primary and secondary accounting literature to solve the case.     

The efficiency of the Environmental Management Charge in the Cairns management area of the Great Barrier Reef Marine Park*

Using data from a survey of more than 1000 domestic visitors to the Northern section of the Great Barrier Reef (GBR) – predominantly those travelling on live‐aboard dive boats – this research investigates the (tax) efficiency of the Environmental Management Charge (EMC). The travel cost method (with a zero truncated negative binomial specification) is used to estimate the price elasticity of demand, and those estimates are used to estimate the deadweight losses, the losses in visitor numbers that could be ‘blamed’ on the EMC and the associated taxation revenues for different types of trips. The welfare loss for each dollar of revenue raised from the EMC was estimated at less than one per cent for each type of trip considered. The analysis therefore suggests that, for these types of trips in this part of the reef at least, the EMC is a very efficient tax – particularly when compared with other taxes. This has important implications beyond the GBR, particularly in countries who struggle to find sufficient funds to properly manage world heritage areas: taxes such as these may be a relatively efficient and equitable means of collecting such revenues.     

Gravity, trade integration, and heterogeneity across industries

We derive a micro-founded measure of bilateral trade integration that is consistent with a broad range of leading gravity models. This measure accounts for cross-industry heterogeneity by incorporating substitution elasticities estimated at the industry level. We then use it to provide a theory-based ranking of trade integration across manufacturing industries in European Union countries. In addition, we explore the determinants of trade integration, finding that substantial Technical Barriers to Trade in certain industries as well as high transportation costs associated with heavy-weight goods are the most notable trade barriers.