What Makes a Good Cargo Bike Route? Perspectives from Users and Planners

Cargo bikes—bicycles made to carry both goods and people—are becoming increasingly common as an alternative to automobiles in urban areas. With a wider and heavier body, cargo bikes often face problems even in the presence of cycling infrastructure, thus limiting their possibilities of route choice. Infrastructure quality and the route choices of cyclists have been well studied, but often solely based on a quantitative approach, leading to tools such as BLOS (bicycle level of service). With various designs of cargo bikes being used for a wide range of purposes, the route choice of cargo bike users is difficult to generalize. This study combines quantitative and qualitative approaches in order to explore what is important for cargo bike users’ route choice, and how this knowledge can be effectively used for planning. Our results suggest that while some general preferences exist, route choice involves complex dynamics that cannot be fully explained by quantitative measures alone: in addition to understanding “what” is important for cargo bike users, we need to understand “why” it is important. Furthermore, route choice is also influenced by the city context, making a study tailored to the local context essential.     

Does Globalization Foster Economic Growth?

This article examines the effects of globalization, by especially focusing on the relaxation of local equity requirements (LERs) in developing countries. By constructing an endogenous growth model, where profit leakage to the South through LERs plays a key role, we obtain the following results. First, the relaxation of LERs in the South drives the relocation of firms from the North to the South, yielding a U‐shaped growth rate. Second, our numerical simulations suggest that a sufficient relaxation of LERs is beneficial for the South, although the shared profit of joint ventures is maximized through the use of LERs.     

Why Does Book Building Drive Out Auction Methods of IPO Issuance? Evidence from Japan

We examine Japan's 1997 introduction of book building as analternative to a previously required hybrid auction method.Despite higher cost for some issuers, all issuers in Japan nowselect book building. Book building enables more accurate valuationof firms, but gains from accurate valuation are partly redistributive.Thus book building can drive auction-method offerings from themarket even if it yields no aggregate benefit. Compared to theauction regime, book building reduces issue costs for largeissuers. Auctioning is less costly for small issuers, but appearsto foreclose some small firms from issuing. The aggregate costsof book building and auctioning are similar.     

Partial Privatization in a Differentiated Mixed Oligopoly

A model of differentiated mixed oligopoly is developed to systematically discuss the welfare consequences of partial privatization of a public firm. We analytically derive the optimal degree of partial privatization not only in the short run with restricted entry but also in the long run with free entry. It is shown that the short-run optimal policy is non-monotonic in the degree of love of variety, while the optimal degree of privatization is monotonically increasing in the consumer's preference for variety in the long run.      

Factors determining residents’ preparedness for floods in modern megalopolises: the case of the Tokai flood disaster in Japan

This study examines how flood risk perception and home ownership affect residents’ preparedness for floods, focusing specifically on the case of the Tokai flood disaster in Nagoya City, one of Japan’s biggest metropolises, in 2000. The greatest rainfall ever recorded in Nagoya City (566.5 mm) occurred on 11–12 September 2000; as a result, a local river burst its banks and flooded the city. A survey was conducted of residents of the affected area in Nagoya City and its adjacent region. The respondents were asked to rate the extent of their experience with, anticipation of, and preparedness for floods before and after the Tokai disaster in terms of taking special measures against floods. The results showed that the degree of preparedness for floods was determined by the level of fear of floods and the amount of damage sustained during the Tokai flood, especially for homeowners. However, the residents’ preparedness did not depend on their anticipation of floods. These findings show that preparedness for floods depends on ownership of a home, fear of flooding, and the amount of damage from previous floods rather than on previous experience with and anticipation of floods.     

The relationship between employees' perceptions of human resource management and their retention: from the viewpoint of attitudes toward job-specialties

The purpose of this study is threefold. The first one is to investigate the relationship between employees' perceptions of human resource management (HRM) based on the commitment model and their turnover intentions (retention). The second one examines the relationship between employees' attitudes toward job-specialties and retention. The third one analyzes the impact of attitudes toward job-specialties on the relationship between employees' perceptions of HRM and retention. The facts and conclusions presented in this paper were obtained from a study of 400 employees. For the first one, the results of a multiple regression analysis showed that perceptions of rewards based on fair appraisal and job security have an effect on retention and moreover, overall perceptions of HRM increased retention. For the second one, results of a multiple regression analysis showed that inter-organizational career self-efficacy has a negative effect on retention. On the other hand, no relationship was observed between specialty commitment and retention. For the third one, inter-organizational career self-efficacy did not have an effect on the relationship between perceptions of HRM and retention but specialty commitment improved the relationship. As a whole, the importance of employees' attitudes toward job-specialties on the multi-step process model of retention and its diverse impacts and relationships were clarified.     

Retiree health care benefits: strategies for a changing workforce.

Demographic, economic and cultural trends foretell a dramatically different environment for retiree health care coverage. This article will focus on the redesign of retiree health benefits to meet the retirement objectives of employers and employees, anticipate changing demographics, and respond to changes in Medicare and other government initiatives, including the Consumer Bill of Rights. The material will discuss recent design trends, including managed care, and present results of a study the author co-authored for the Kaiser Family Foundation on changes in retiree health plans.     

Fiscal adjustment in EU countries: A balance sheet approach

Several European Union countries have recently implemented or are envisaging fiscal operations which improve budgetary figures but have no structural impact on government finances. We evaluate some of these measures using a balance sheet approach. In particular, we examine the degree to which reductions in government debt in EU countries has been accompanied by a decumulation of government assets. In the runup to Maastricht we find a strong correlation between changes in government liabilities and government assets, and larger declines in government assets in countries starting from higher public debt levels.