A framework for analyzing intergovernmental collaboration – The case of ASEAN tourism

Intergovernmental collaboration in tourism among ASEAN nations has received little attention in the literature despite the significant economic contribution that tourism makes in the region. This paper helps to improve our understanding of the phenomenon by providing an overview of the progress made since 2002, and exploring the factors that facilitated and hindered progress. It was found that many of the suggested measures in the action plan, 'Roadmap for Integration of Tourism Sector’, were either not implemented at all or are overdue, although relatively significant progress was made in travel facilitation and human resources development. The authors suggest that current theories of collaboration do not adequately explain the patterns of ASEAN tourism. The paper seeks to expand the boundaries of theory by presenting a framework of collaboration which dissects the facilitators and inhibitors along three dimensions: stakeholders, resources, and processes and mechanisms. Recommendations to expedite and strengthen the collaboration are then formulated.     

Community facilities in previously disadvantaged areas of South Africa

In South Africa, scholars and practitioners do not sufficiently appreciate the value of parks, libraries and sport and recreation facilities for uplifting lower-income areas, and are generally unaware of the subtle differences between providing these facilities in a northern country and providing them in a southern country. This paper addresses these concerns by demonstrating the importance of these facilities for developing social capital and empowering individuals and communities. It argues that the success of such facilities depends on sensitivity to the community’s need for safe spaces. The paper is based on a case study of the Mahwelereng Sports Node & Library in Mokopane, Limpopo Province, using document analysis and interviews and discussions with the facility’s developers, managers and users. It was found that the activities offered by the facility had boosted the local community’s social capital and improved the users’ health, learning and socialisation.     

Mean–field moral hazard for optimal energy demand response management

We study the problem of demand response contracts in electricity markets by quantifying the impact of considering a continuum of consumers with mean–field interaction, whose consumption is impacted by a common noise. We formulate the problem as a Principal–Agent problem with moral hazard in which the Principal—she—is an electricity producer who observes continuously the consumption of a continuum of risk‐averse consumers, and designs contracts in order to reduce her production costs. More precisely, the producer incentivizes each consumer to reduce the average and the volatility of his consumption in different usages, without observing the efforts he makes. We prove that the producer can benefit from considering the continuum of consumers by indexing contracts on the consumption of one Agent and aggregate consumption statistics from the distribution of the entire population of consumers. In the case of linear energy valuation, we provide closed‐form expression for this new type of optimal contracts that maximizes the utility of the producer. In most cases, we show that this new type of contracts allows the Principal to choose the risks she wants to bear, and to reduce the problem at hand to an uncorrelated one.     

South–South Cooperation 3.0? Managing the consequences of success in the decade ahead

This paper examines the consequences of the hugely successful expansion of South-South Cooperation since the new millennium. For all the achievements, variations and change over the 1950s-late 1990s, ‘SSC 1.0’ was characterised by relative neglect within the 'international' development community, and by many orthodox and critical scholars. In the chronological schema of the paper, ‘SSC 2.0’ refers to the period of remarkable expansion from the early 2000s to the present. The emergence of ‘SSC 3.0’, I suggest, is currently revealed by a discernible set of shifts driven in large part by the expansionary successes of SSC 2.0, as well as other turns in the global political economy. Three contemporary trends are identified: cooperation narratives that are increasingly ‘muscular’, nationalistic and pragmatic; difficulties sustaining claims to ‘non-interference’ in partner countries; and the further erosion of ideational and operational distinctiveness.     

Monster mines,dugouts, and abandoned villages: a composite narrative of Burra’s heritage

In a bid to join recent efforts to develop innovative approaches to heritage, this article argues that adopting a collaborative mode of inquiry is a useful way of coming to terms with the plurality of ways heritage landscapes are enlivened by their visitors. It also points to some of the advantages of incorporating researchers’ personal experiences into academic research. With a focus on the Burra Heritage Trail in South Australia (geared around the Burra Heritage Passport), the article brings together four sets of research experiences, each informed by different (though cognisant) disciplinary backgrounds: art history, anthropology, heritage studies, and tourism planning. The result is a form of experimental autoethnographic writing in which four voices reflect upon their embodied, sensuous, and mobile experiences as ‘tourist’ moving through the same places, thereby offering multiple ways of knowing and telling about a single setting.     

Embodied uncertainty: living with complexity and natural hazards

In this paper, we examine the concept of embodied uncertainty by exploring multiple dimensions of uncertainty in the context of risks associated with extreme natural hazards. We highlight a need for greater recognition, particularly by disaster management and response agencies, of uncertainty as a subjective experience for those living at risk. Embodied uncertainty is distinguished from objective uncertainty by the nature of its internalisation at the individual level, where it is subjective, felt and directly experienced. This approach provides a conceptual pathway that sharpens knowledge of the processes that shape how individuals and communities interpret and contextualise risk. The ways in which individual characteristics, social identities and lived experiences shape interpretations of risk are explored by considering embodied uncertainty in four contexts: social identities and trauma, the co-production of knowledge, institutional structures and policy and long-term lived experiences. We conclude by outlining the opportunities that this approach presents, and provide recommendations for further research on how the concept of embodied uncertainty can aid decision-making and the management of risks in the context of extreme natural hazards.     

Top management tournament incentives and credit ratings

Review of Quantitative Finance and Accounting - This paper investigates whether the current level of tournament incentives for top executives is related to the firm’s future credit rating....     

Managing future uncertainty: Reevaluating the role of scenario planning

The business environment for many firms is changing rapidly and is becoming increasingly uncertain due to the disruption caused by new digital technologies, deregulation, new business models, and the threat of new competitive entrants. This dynamic competitive environment increases the level of uncertainty for senior executives and strategic planning teams who bear responsibility for the strategic development of the firm, particularly in terms of the future direction, scope, and the strategy required to deliver on corporate objectives. This in turn, places increased scrutiny on the strategic planning tools that are used to undertake a rational and comprehensive analysis of the competitive dynamics that inform strategy formulation. This article presents empirical findings and reflections on a scenario-planning project that sought to develop a long-term corporate level strategy. While scenario planning is an established constituent of the strategist’s toolbox, the increasing level of dynamism and uncertainty in many markets has meant that it has seen a resurgence. This article presents empirical findings on how the scenario-planning tool was selected and applied before reflecting on the individual and organizational outcomes of using scenario planning to develop an organizational strategy in uncertain market conditions.     

The thesis of “doux commerce” and the social licence to operate framework

The “doux commerce” thesis holds that commerce acts as a civilising force, contributing to the advancement and well-being of societies by inculcating certain core moral values in individuals (such as honesty, tolerance, and fair-dealing). This idea has a venerable history. However, I suggest that it faces a particular challenge in the current era in light of examples of systemic misbehaviour by global companies. This paper explores the nature of this challenge, taking the events around the financial crisis of 2007–2008 as a case study, and suggests that if we are to preserve the idea that commerce contributes to the common good then greater mechanisms of constraint on the worst excesses of business behaviour will be needed. In particular, I argue that we must recognise the need for all firms to have a social purpose and suggest that the “social licence to operate” framework, familiar from the mining and extraction sectors, could be used to provide crucial leverage on the behaviour of multinational firms.     

Manipulation-proof equilibrium in atomless economies with commodity differentiation

Summary. In this paper, we introduce a perfect competition test which checks the incentives of arbitrarily small coalitions to behave strategically in endowments and preferences. We apply this coalitional incentive compatibility test to atomless economies with a continuum of differentiated commodities. We show that, under thickness conditions, economies with a finite number of types and economies whose set of agents' preferences is compact, pass this perfect competition test. Limiting results for replica economies are also presented. Received: July 25, 1997; revised version: December 5, 1998