Real-time data processing for industrial relations

The growing use of real-time computer systems for personnel functions will cause in Personnel and Industrial Relations Departments and in employment and recruiting activities in general, changes which have not been fully anticipated or evaluated.     

The allocation of tariff revenues and optimum trade distortion. With empirical applications to United States sugar policy

Zusammenfassung Die Verteilung von Zolleinnahmen und die optimale Verzerrung des AuΒenhandels. Mit empirischen Anwendungen auf die Zuckerpolitik der Vereinigten Staaten. — Erzeugersubventionen reduzieren die Wohlfahrt, wenn auch weniger als PreisstützungsmaΒnahmen verbunden mit Vorratsbildung. Für normale Güter gilt das Gesetz des komparativen Vorteils, aber Subventionen k?nnen die Richtung des AuΒenhandels umkehren. Z?lle und Kontingente k?nnen die Einnahmen für die Subventionszahlung steigern, obwohl die Verwendung dieser Einkünfte für Transferzahlungen der Subventionierung vorzuzichen w?re. Die Vereinigten Staaten kontingentieren die Zuckereinfuhr, gestatten aber den Zucker exportierenden L?ndern, die Gewinne zu kassieren und als Zuckererzeugungssubventionen ineffektiv zu verteilen. Die Zucker exportierenden L?nder haben nicht genügend Informationen, um sagen zu k?nnen, wie eine Kontingenterh?hung wirken würde; in diesem Aufsatz wird eine anwendbare Formel für die optimale Quote abgeleitet.

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Résumé L’allocation des revenus douaniers et la distorsion de l’optimum du commerce. Avec applications empiriques à la politique du sucre des Etats —Unis. Les subventions à la production réduisent la prospérité, même si elles le font moins que les mesures d’appui aux prix, combinées avec la formation de stocks. Pour les biens normaux, la loi de l’avantage comparatif est valable, mais les subventions peuvent renverser la direction du commerce extérieur. Tarifs douaniers et contingents peuvent augmenter les revenus pour les paiements de subventions, bien qu’il soit préférable d’utiliser ces revenus pour les paiements de transferts. Les Etats-Unis contingentent l’importation du sucre, mais permettent aux exporteurs de sucre d’en recueillir les revenus, qu’ils distribuent inefficacement comme subventions à la production de sucre. Toutefois, les exporteurs de sucre n’ont pas les informations pour savoir comment une augmentation du contingent les affecterait, tandis qu’une formule applicable pour un contingentement optimal est ici dérivée.

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Resumen La distribution de los ingresos aduaneros y la distorsión del óptimo de comercio exterior. Con aplicaciones empíricas a la política azucarera de los Estados Unidos. — Subvenciones al productor reducen el bienestar, aunque menos que las medidas de apoyo de precios combinadas con la formatión de existencias. Para bienes normales vale la ley de las ventajas comparativas, pero subvenciones pueden invertir la directión de las corrientes de comercio exterior. Aranceles de aduana y contingentes pueden incrementar los ingresos disponibles para el pago de subvenciones, aunque la utilizatión de estos engresos para pagos de transferencias sería preferible. Los Estados Unidos imponen cupos a la importatión de azúcar, pero permiten a los exportadores extranjeros que realicen los beneficios y los distribuyan sin efecto alguno en forma de subvenciones a la productíon de azúcar. Los exportadores de azúcar no disponen de las informaciones necesarias para conocer el impacto de un aumento de la cuota de importatión. En el presente arículo se desarrolla una fórmula operacional para la determinatión de la cuota óptima.

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Riassunto La distribuzione di proventi doganali e la deformazione dell’ottimo di commercio estero. Con applicazioni empiriche alla politica dello zucchero degli Stati Uniti. — Sovvenzioni ai produttori riducono il benessere, ma in misura minore di quanto farebbero provvedimenti a sostegno dei prezzi legati a costituzione di scorte. Per beni normali vale la legge del vantaggio comparativo, ma sovvenzioni possono invertire la direzione del commercio estero. Dazi e contingenti possono accrescere i proventi per il pagamento di sovvenzioni, sebbene l’impiego di queste entrate per pagamenti di trasferimento del sovvenzionamento sia da preferire. Gli Stati Uniti contingentano l’importazione dello zucchero, consentono, però, di incassare i guadagni agli esportatori stranieri che li distribuiscono senza efficacia come sovvenzioni per la produzione dello zucchero. Con ciò gli esportatori di zucchero non hanno le informazioni per poter dire come un aumento di contingente potrebbe influenzarli, sebbene una formula applicabile alla quota ottimale sia derivata in questo articolo.

     

Settling Defaults in the Era of Bond Finance

Comparisons of the debt crises of the 1930s and 1980s emphasizethe greater incidence of default and the greater ease of restructuringhalf a century ago. The difficulty developing-country debtorshave had in putting the current crisis behind them, it is argued,is due to the more systematic involvement of creditor-countrygovernments and intergovernment agencies. This article reviewsthe negotiating strategies of the debtors and creditors of the1930s, the terms of settlement, and the realized rates of returnon U.S. and U.K. foreign bonds. It shows that rather than beingsharp and complete, default in the 1930s was often partial andintermittent. Uncertainty about debt, trade, and export creditslingered on. Often many years passed before final settlementswere achieved. Creditor-country governments were intimatelyinvolved in the settlement process, although their influencewas not always to the benefit of the bondholders.     

Your company's secret change agents

Organizational change has traditionally come about through top-down initiatives such as hiring experts or importing best-of-breed practices. Such methods usually result in companywide rollouts of templates mandated from on high. These do little to get people excited. But within every organization, there are a few individuals who find unique ways to look at problems that seem impossible to solve. Although these change agents start out with the same tools and access to resources as their peers, they are able to see solutions where others do not. They find a way to bridge the divide between what is happening and what is possible. These positive deviants are the key, the authors believe, to a better way of creating organizational change. Your company can make the most of their methods by following six steps. In Step 1, Make the group the guru, the members of the community are engaged in the process of their own evolution. Step 2, Reframe through facts, entails restating the problem in a way that opens minds to new possibilities. Step 3, Make it safe to learn, involves creating an environment that supports innovative ideas. In Step 4, Make the problem concrete, the community combats abstraction by stating uncomfortable truths. In Step 5, Leverage social proof, the community looks to the larger society for examples of solutions that have worked in parallel situations. In Step 6, Confound the immune defense response, solutions are introduced organically from within the group in a way that promotes acceptance. Throughout the steps, the leader must suspend his or her traditional role in favor of more facilitatory practices. The positive-deviance approach has unearthed solutions to such complicated and diverse problems as malnutrition in Mali and human trafficking in East Java. This methodology can help solve even the most extreme dilemmas.     

"A players" or "A positions"? The strategic logic of workforce management

Companies simply can't afford to have "A players" in all positions. Rather, businesses need to adopt a portfolio approach to workforce management, systematically identifying their strategically important A positions, supporting B positions, and surplus C positions, then focusing disproportionate resources on making sure A players hold A positions. This is not as obvious as it may seem, because the three types of positions do not reflect corporate hierarchy, pay scales, or the level of difficulty in filling them. A positions are those that directly further company strategy and, less obviously, exhibit wide variation in the quality of the work done by the people who occupy them. Why variability? Because raising the average performance of individuals in these critical roles will pay huge dividends in corporate value. If a company like Nordstrom, for example, whose strategy depends on personalized service, were to improve the performance of its frontline sales associates, it could reap huge revenue benefits. B positions are those that support A positions or maintain company value. Inattention to them could represent a significant downside risk. (Think how damaging it would be to an airline, for example, if the quality of its pilots were to drop.) Yet investing in them to the same degree as A positions is ill-advised because B positions don't offer an upside potential. (Pilots are already highly trained, so channeling resources into improving their performance would probably not create much competitive advantage.) And C positions? Companies should consider outsourcing them--or eliminating them. We all know that effective business strategy requires differentiating a firm's products and services in ways that create value for customers. Accomplishing this requires a differentiated workforce strategy, as well.     

Strong Presidential Approval or Disapproval Influencing the Expected Benefits of Voting and the Voter Participation Rate

This empirical study seeks to broaden the interpretation of the rational voter model so as to identify and better understand key determinants of the expected benefits from voting and hence key determinants of the aggregate voter participation rate in the US. Using annual data for all years in the 1960–1997 study period, this study finds that the voter participation rate has been positively impacted by strong public approval or strong public disapproval of the incumbent President, a finding unique to this literature and study period. In addition, the aggregate voter participation rate has been positively impacted by such factors as the Gulf War, which is generally regarded as having been popular among the US electorate, and a rising unemployment rate. This study also finds the voter participation rate to have been negatively impacted by the publics dissatisfaction with government, as well as by the Watergate scandal.The author is indebted to Cassandra Copeland for helpful information, comments, and guidance.