Black Applicants, Black Employees, and Urban Labor Market Policy

In this paper, we use data from a new survey of employers in four large metropolitan areas to analyze the flow of black applicants to different kinds of employers and the extent to which these applicants are hired. The results show that less-educated black workers apply less frequently for jobs in the suburbs than in the central cities, especially at smaller establishments. Their lower tendency to apply for suburban jobs seems to be mostly accounted for by factors associated with higher costs of applying and/or lower information flows. Black applicants, especially less-educated black males, are also less likely to be hired at suburban establishments. These results suggest the need for policies to improve the access of less-educated blacks to suburban employers, and also more effective enforcement of antidiscrimination laws in suburban establishments.     

Open Science and Open Innovation in a socio‐political context: knowledge production for societal impact in an age of post‐truth populism

This conceptual paper traces the origins and progress of Open Science and proposes its generative coupling to Open Innovation in the contemporary socio‐political context; where universities are re‐imaging their civic missions in the face of anti‐establishment populist politics. This setting is one of changing knowledge production regimes and institutional pressures that create contradictions identifiable through the prism of the series of scientific norms conceptualised by Robert K. Merton. This paper privileges a sociological perspective to proffer scientific knowledge production as a societally embedded process, which is well illustrated by scholarship in the Science and Technology Studies (STS) and Science in Society fields. In doing so, it identifies the co‐evolution, co‐existence and co‐production of Open Science with Open Innovation; and notes how it shares the attributes of other recent diagnoses of changing knowledge production regimes; in particular Mode 2, post‐normal science and the Quadruple Helix. It also argues that Open Science can be coupled with Open Innovation to catalyse positive societal change, but that the rise of a populist post‐truth era opposed to objectivity, expertise and technocratic political solutions gives the demand for openness and participation a different complexion. Merton's norms provide a useful lens to observe recent shifts in the delivery of science, knowledge and innovation in society towards more inclusive, ethical and sustainable outcomes; and expose the limited reflection on how the appropriation and exploitation of open scientific knowledge encounters industrial R&D and Open Innovation.     

Stochastic generalizations of demand systems with an application to telecommunications

Systems of demand equations are considered for at least two reasons. First, they offer a theoretical completeness, and second, they embody a number of restrictions which lead to a more parsimonious specification concerning the number of parameters. As it turns out, the quantity and quality of the data are often such that the demand systems considered are not restrictive enough in the sense that large numbers of parameters still remain which cannot be estimated with ‘great precision’. Paradoxically, the restrictions that are considered are often rejected by the data.In this paper we propose a system of random coefficient telecommunications demand equations in a panel data framework. These equations correspond to alternative ways (which have different costs) of placing a call. The system is formulated in such a way that it incorporates the homogeneity condition, as well as stochastic versions of the symmetry and weak separability restrictions. The stochastic versions are given in terms of moments and so they do not have to hold in each individual case. Under certain conditions they reduce to their deterministic counterparts. Finally, we empirically implement the model and compare the results to what they would be in a corresponding deterministic framework.     

The influence of low-fare airlines on vacation choices of students: Results of a stated portfolio choice experiment

This paper reports the results of a portfolio model of vacation choices of students. The portfolio model concerns the combined choice of destination type, transport mode, duration, accommodation, and travel party for vacations. In addition to usual transport modes such as airline, train, bus and car, a distinction was made between low-fare airlines, as these may be especially appealing to students, and regular airlines. Stated choice data were used to estimate the model. The attributes of the transport modes were systematically varied in the experiment, while respondents were faced with free options for the other choice facets. Estimation results indicated that the developed model of portfolio choice performs satisfactory. In substantive terms, it seems that transport mode predominantly influences the portfolio choices. The attributes that are significant tend to amplify the specific role of transport modes in general and low-fare airlines in particular.     

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....     

Knowledge as Work: Conflicts in the Management of Knowledge Workers

Against the backdrop of increasing interest in knowledge management and intellectual capital, this paper analyzes the emergence and management of knowledge worker groups. It suggests that knowledge work is a useful way of characterizing some important changes in the nature of work across a range of different occupational and professional groups. These changes have important implications for management and organizational performance. The paper discusses these implications through a conflictbased analysis which highlights the inherent conflict between 'knowing' as part of the work experience and 'knowledge' as an economic commodity. This conflict is expressed at both institutional and organizational levels. The management of knowledge workers therefore centres on the quasi-resolution of such conflict. As the illustrative example of the Microsoft Corporation indicates, competitive success depends very largely on the precarious ability to reconcile this conflict between the social production of knowledge and the economic appropriation of profit.     

Does Production Labeling Stigmatize Conventional Milk?

Production labeling is a common approach for differentiating otherwise similar products in the marketplace. While these labels may convey positive messages to consumers about the new product, they may simultaneously stigmatize the conventionally produced product by highlighting perceived problems. The net economic result for producers can be negative since consumers may decrease their willingness to pay for the conventional product that dominates the market, while the new product has a relatively small market share. This experimental research identifies this stigma effect in the case of milk, where the introduction of rBST-free and organic milk reduces consumers' willingness to purchase conventional milk.