Do They Have Your Number? Understanding the Moderating Role of Format Effects and Consumer Numeracy for Quantitative Front‐of‐Package Nutrition Claims

Front‐of‐package (FOP) nutrient content claims are often used by food manufacturers to promote the nutrition levels of their products. In this research, two studies examine the influence of the numerical format (either percentages or absolute numbers) presented on FOP‐reduced nutrient content claims and the moderating influence of consumers' numeracy levels (i.e., consumers' ability to interpret numbers). Low numerate consumers are more strongly influenced by the label's numerical format, but results differ across nutrition attributes linked to cardiovascular disease risk. For saturated fat, low numerate consumers had more favorable evaluations of the product that had a label presented in a percent format compared to an absolute unit format. In contrast, the moderating effect of numeracy had little effect on the format of reduced sodium claims. Implications are offered for policymakers, consumer researchers, and food manufacturers .     

Financial Intermediaries, Markets, and Growth

We build a model in which financial intermediaries provide insurance to households against idiosyncratic liquidity shocks. Households can invest in financial markets directly if they pay a cost. In equilibrium, the ability of intermediaries to share risk is constrained by the market. From a growth perspective, this can be beneficial because intermediaries invest less in the productive technology when they provide more risk-sharing. Our model predicts that bank-oriented economies can grow more slowly than more market-oriented economies, which is consistent with some recent empirical evidence.     

Connecting Time and Space: The Significance of Transformations in Women's Work in the City

Growing numbers of women with children living in western cities are entering the labour market, raising new questions about changes in the allocation of the tasks of social reproduction between household members and others and about the effects of the increasing time women now spend in the workplace. As Manuel Castells noted over 25 years ago, women's unpaid labour has long been essential, not only in the domestic arena, but also in patching together facilities separated in space. The spatial layout of cities, with its specialized and segregated land‐uses, only works, he argued, if women's unpaid labour is available to connect urban locations. But many women now spend many more hours in the labour market, replacing their former domestic labour with a range of commodified goods and services as well as by help from a range of related or unrelated others, sometimes but not always remunerated and/or by state‐provided or supported services. This article examines the consequences of the growth of women's employment in Britain and the concomitant decline of the old breadwinner family, the growth of workfare policies that assume all individuals are available for waged work and the rise of commodified caring. The arguments are illustrated by empirical examples from interviews undertaken with middle‐class mothers in waged work in London and Manchester in the UK.     

Capital Market Experience for Financial Accounting Students*

Abstract. In this paper we present an innovative teaching tool for introductory financial accounting students that promotes active learning using methods at the frontier of market research. We describe the implementation of an asset market where students assume the role of traders in order to learn the role of information in price formation. We discuss the pedagogical questions which are addressed in the design of this market, and we relate the responses to questionnaires distributed to students at the end of the quarter. When we control for prior grade point averages (GPAs) of students, we find that those who participate in the market had better classroom performance. Résumé. Les auteurs présentent ici un instrument pédagogique innovateur, à l'intention des étudiants des cours d'introduction à la comptabilité financière, favorisant l'apprentissage dynamique grâce à l'utilisation de méthodes voisinant de près l'étude de marché. Ils décrivent la mise en place d'un marché de biens où les étudiants assument les fonctions de négociateurs en vue d'apprendre quel est le rôle de l'information dans la formation des prix. Ils analysent les questions pédagogiques que soulève la conception de ce marché et font état des réponses des étudiants aux questionnaires qui leur sont distribués à la fin du trimestre. Lorsqu'ils contrôlent les notes moyennes antérieures des étudiants, les auteurs constatent que ceux qui ont participé au marché font preuve d'un rendement supérieur en classe.     

‘Policies in Motion’, Urban Management and State Restructuring: The Trans‐Local Expansion of Business Improvement Districts

This article examines the ways in which business improvement districts are being introduced into UK cities. In advancing this analysis, the focus here is on the means through which one or two Manhattan business improvement districts have been constructed as ‘models’ of urban management, taken out of their particular local/regional and national contexts and introduced into a diverse set of local political economic contexts in UK cities and towns. Examining the way business improvement districts have become a policy in motion, the article sketches out the emergence of entrepreneurial urban governance arrangements in the UK as part of the state's changing spatiality in the industrialized economies of Western Europe and North America. I argue that these changes make UK cities and towns increasingly receptive to the business improvement district model of downtown management. Seeking to move beyond the sometimes rather one‐sided representations of policies that find themselves on the move, the article seeks to connect the ‘exporting’ and ‘importing’ zones of policy transfer, arguing for an open and permeable conceptualization of these places. It draws on work in Manhattan, New York to unpack the nature of the political–economic relations that business improvement districts were part of, before moving on to examine the dynamics of policy transfer and the early days of the introduction of this downtown ‘model’ into UK cities.     

MEASURING THE BUSINESS STEALING,CANNIBALIZATION AND MARKET EXPANSION EFFECTS OF ENTRY IN THE U.S. MOTION PICTURE EXHIBITION MARKET*

Using a large and comprehensive theater level database covering over $18 billion in theater revenues over a five year period, I document the extent and nature of business stealing, revenue cannibalization and market expansion that occurred during the height of the 1990's boom in movie theater construction.