Identifying Trade Structure and Macroeconomic Caveats: The Post‐crisis of Korea

First, this article introduces unit value box in addition to Azhar, Elliott and Milner's industry trade box in identifying the post‐crisis trade structure of Korea. Dynamic movements of total trade, net trade, intra‐industry trade and export‐import unit values complete the systematic analysis of trade patterns at both the aggregate and disaggregate levels. Second, macroeconomic caveats are conveyed for a small open economy to recover after the crisis, including likely but unforeseen trade disputes.     

Vertical externality and strategic delegation

This paper examines the effects of vertical externality generated by the upstream monopoly on the incentives that owners of competing downstream firms give their managers. It is shown that the introduction of the upstream monopoly may have significant effects on the incentive schemes for the downstream firms' managers. In particular, it is shown that in equilibrium, each owner obtains the simple Nash equilibrium outcome regardless of the mode of competition (quantity or price) in the downstream market. Copyright © 2002 John Wiley & Sons, Ltd.     

The emerging oligopoly of pay-TV in the USA

The pay-television industry in the USA has been developing very rapidly in the past five years and is providing network quality alternatives to the mass taste programming of commercial television. However, the industry has been developing along lines very similar to the early history of radio in the USA with the emergence of strong distributor networks, restrictive affiliation contracts, and wide-spread vertical integration across all stages of production. History and economic efficiencies suggest that the result will be a strong oligopoly market structure. The proper public policy, then, is to insure that the unavoidable degree of concentration is not greater than that needed for efficiency reasons.     

Product survival analysis for the App Store

We empirically analyze both free and paid products on the top 100 Free and Grossing charts in the Korea App Store using Weibull parametric survival analysis on the product level. The findings are as follows: First, influences of ranking, customer ratings, and contents size on product survival are different for free and paid products. Customer ratings and contents size critically affect product survival when the price is zero. Second, the early entrant advantage exists in App Store, which results from a ranking system in the App Store and consumer learning. However, the effect of early entrant advantage differs between the Free and Grossing charts; the benefit of early entrant advantage is greater on the Free chart than that on the Grossing chart. Finally, we provide a competitive profit model that is related to free products.     

Product Market Competition and Lobbying Coordination in the U.S. Mobile Telecommunications Industry

This paper empirically investigates market behavior and firms?? lobbying in a unified structural setup. In a sequential game, where firms lobby for regulation before they compete in the product market, we derive a testable measure of lobbying coordination. Applying the setting to the early U.S. cellular services industry, we find that lobbying expenditures, as measured by campaign contributions, and market conduct were consistent with a one-shot Nash equilibrium and that price caps were binding on average. Furthermore, campaign contributions from cellular firms effectively lowered the burden of the price caps and reduced production costs.     

An Examination of the Contribution of Dispositional Affect on Ethical Lapses

The popular press and academic research has focused primarily on the characteristics of corporate leaders. Subordinates have been studied much less frequently than leaders and yet they play a pivotal role in destructive leadership processes. An area holding significant potential to bring clarity to subordinates?? ability to withstand (or succumb) to pressures from superiors is dispositional affect. In our exploratory study, we examine how specific affective states influence subordinates?? unethical behavior. We performed an experiment with 63 mid-level managers having significant work experience. Participants were given ethical scenarios and asked to assess their intentions to comply with their superiors?? requests to engage in unethical conduct. The participants also completed the positive affect negative affect schedule (PANAS) which provides measures of affective states. Our results provide support for theory-based predictions. The findings of our study make important contributions and have implications to both practice and theory. First, we identify certain affective states that encourage subordinates to adopt the behavior of a conformer or colluder and thus be susceptible to their superiors?? unethical directives. Second, our results suggest the need for training programs to assist employees in managing affect in the work place and consideration of organizational changes that provide a culture of empowerment of its employees. Third, unlike a large majority of prior research, we measured naturally occurring affective states rather than providing a contrived (and potentially exaggerated) triggering event to elicit affective states. Fourth, we examined specific affective states rather than examining only general positive and negative valence categories.     

Performing tourism: exploring the productive consumption of tourism in enclavic spaces

In this paper the interactive nature of touristic encounters in enclavic spaces is explored. Drawing on concepts of tourism as performative practice, it examines tourist experience as a form of productive consumption in which holidays are shaped by interactions with both those working in tourism and other tourists. The discussion draws on data gathered in semi‐structured interviews carried out with 39 solo female tourists from the UK. The findings of this study suggest that the sexualised performances of tourism employees and of different groups of tourists in the physical, temporal and social contexts of the holiday have the power to render such spaces inclusive or exclusionary. Copyright © 2008 John Wiley and Sons, Ltd.