Resource extraction and anticipated demand shifts

Linking together two optimal control theory problems through Bellman's equation we derive closed form solutions for an extractive industry when a shift in the demand curve is perfectly foreseen. Monopoly and competition are compared.     

Economic crisis and oppositional movements in the USA

Une stratégie qui se dit neuve pour affronter la crise économique en cours semble avoir provoqué un nombre ? effets négatifs aux Etats-Unis (et ailleurs). Un taux de chǒmage élevé, une inégalité croissante, ainsi que des services publics qui se détériorent, sont les résultats ? un effort de re-capitalisation du capitalisme achevé par la promotion ? investissements et de profits privés. Ceci est le cadre pour un développement possible ? agitation ouvrière et de mouvements sociaux urbains. Les perspectives limités de beaucoup de mouvements sociaux urbains américains ne veulent nécessairement pas dire qu'ils manquent de signification. L'époque de la réforme structurelle doit ětre gagnée; elle est rarement déja acquise.     

The Real Exchange Rate in Small, Open, Developed Economies: Evidence from Cointegration Analysis

We examine the effects of the terms of trade and the expected real interest rate differential on the real exchange rate in small, open, developed economies. We employ cointegration analysis to search for long-term linkages. We find that while both the terms of trade and the expected real interest rate differentials affect the real exchange rate in the long run, the role of the terms of trade generally proves more consistent. The speed of adjustment for the expected real interest rate differential in the error-correction model, however, is quantitatively larger than it is for the terms of trade.     

Tertiary Performance, Field of Study and Graduate Starting Salaries

This paper analyses data from the University of Western Australia (UWA) Graduate Destination Survey linked to information from the University's Student Records System to explore the determinants of graduates' starting salaries over the years 2002 to 2004. While the details examined also include age, gender, language spoken at home, country of birth, disability status and high school attended, most emphasis is placed on the impact on starting salaries of students' academic performance and their field of study. The analyses show that the main determinant of graduates' starting salaries is the weighted average mark they achieve at university. The salary differentials associated with higher marks in the Australian labour market appear greater than those reported in similar studies of the US and the UK labour markets. Science graduates are shown to have relatively low starting salaries, casting a shadow over recent suggestions that the supply of this group be increased through lower fee regimes.     

Cynthia Lee Henthorn. From Submarines to Suburbs: Selling a Better America, 1939-1959

Cynthia Henthorn has written a thoughtful, wide-ranging analysisof commercial propaganda and its meaning in mid-twentieth centuryAmerica. Demonstrating that wartime marketing strategies promoted"better living" after the war, she argues that commercial messagesabout technology and management were tied to human engineering,promising a socially hygienic future for all Americans. The author begins with a retelling of the 1959 "kitchen debate,"when U.S. Vice President Richard Nixon argued with Soviet PremierNikita Khrushchev about     

Can social awareness be increased through business school curricula?

The study was prompted by (a) Frederick and Vogel's debate concerning future research in “business and society”, (b) such recently reported managerial excesses as golden parachutes, “greenmail”, and fraud, (c) the increasing emphasis on coursework in the area. It appears that there is a need to assess how students, our future business leaders, perceive social issues and if a “business and society” course can help them define and understand the importance of these issues. Three questions provided the focal point: (1) Which issues do students perceive as most important before and after completing the course? (2) How much importance do students place on issues? (3) Does completing a “business and society” course make a significant difference in how students perceive the importance of the issues presented? Students appeared to have already clearly defined priorities before entering the course as there was very little post-course reordering of priorities. However, they did display an increased perception of the importance of social issues. The study also indicated that a “business and society” course can contribute to an increased student awareness of the importance of social issues. Therefore, it was concluded that a “business and society” course can help students define and evaluate the importance of social issues.     

Disproportionate sampling and recreation demand estimation with the 1980 national survey of fishing,hunting, and wildlife‐associated recreation

Abstract

Data on recreation activity often are obtained from national surveys using stratified, disproportionate sampling. One such survey is the 1980 National Survey of Fishing, Hunting, and Wildlife‐Associated Recreation (1980 Survey). This paper examines the effect of disproportionate sampling on estimates of recreational fishing demand with data from the 1980 Survey. Contrary to some expectations in the literature, disproportionate sampling appears to cause few problems for demand estimation with the 1980 Survey. The evidence suggests that household characteristics determining sampling ratios have little relation to the level of fishing by household members.     

Modeling Consumer Responses to a Vignette Television Commercial Drama for a Vacation Resort

This project involved the formulation and testing of a model the cognitive and affective responses to a vignette television commercial drama for a vacation resort. Results indicate that response to the commercial was affective in nature with sympathy, empathy, and attitude toward the ad mediating the influences of verisimilitude and homophily on attitude toward the brand. Results suggest that to effectively promote tourism services a commercial's production value and realism must be high to produce sufficient verisimilitude. Also the behaviors and appearance of the actors chosen for the commercial should match those of the intended target audience in order to produce sufficient homophily.