An Examination of the Motivation—Involvement Relationship

In this investigation, the relationship between motivation and enduring involvement was explored using a sample of campers drawn from three distinct campsites in a southeastern national forest, USA. The campsites varied along the ROS continuum from developed to wilderness. Using multidimensional conceptualizations of both constructs, a model was tested where the dimensions of motivation were modeled to positively influence the dimensions of enduring involvement. Although not all paths were statistically significant, the effect of motivation on enduring involvement was positive. No variation in the sign or strength of the path coefficients was observed across the three sites. These findings provide empirical support for the contention that motivation is an antecedent of enduring involvement.     

Self-efficacy mechanism at work: The context of environmental volunteer travel

Abstract

As public funding to support nature conservation continues to decline, building a commitment to ecological restoration through volunteer travel is key to addressing a range of environmental concerns. This study contributes the first utilization of Bandura’s self-efficacy (SE) mechanism in the context of environmental volunteer travel demonstrating how environmental stewardship, hedonic experience, and environmental SE relate to one another in this particular setting. The study results suggest that while environmental volunteer travelers appear to be driven by one’s beliefs that participation in ecological restoration is a worthwhile activity; motivations to participate in ecological restoration projects can be strengthened or weakened depending on the promise of hedonic experiences. These results shed light on the likely shift in what motivates young adults to engage in travel and volunteering in ecological restoration projects around the world. This is important because a better understanding of what can persuade young adults to travel and engage in ecological restoration enables for the tailoring of environmental volunteering programs to meet individuals’ expectations.     

Did capital infusions enhance bank recovery from the great recession?

This paper investigates the long-run recovery experience of US banks that received capital infusions under the Capital Purchase Program (CPP), a part of the Troubled Asset Relief Program (TARP). Based on a dynamic recovery model, our results show that recovering CPP banks tended to be in better financial condition than other CPP banks. Long-run event study analyses of common stock prices reveal that, in the quarter after repayment of TARP funds, CPP banks experienced economically large and significant buy-and-hold wealth gains of 14%, equivalent to approximately $329 billion. We conclude that TARP was successful in fostering bank financial and stock price recovery.     

Endogenous productivity of demand‐induced R&D: evidence from pharmaceuticals

We examine trends in the productivity of the pharmaceutical sector over the past three decades. Motivated by Ricardo's insight that productivity and rents are endogenous to demand when inputs are scarce, we examine the industry's aggregate Research and Development (R&D) production function. Using exogenous demand shocks to instrument investments, we find that demand growth can explain a large portion of R&D growth. Returns to scale have been stable, whereas total factor productivity has declined significantly. Predicted rents based on our estimates and Ricardo's theory closely match the trends we observe.     

Impacts of increased bioenergy demand on global food markets: an AgMIP economic model intercomparison

Integrated Assessment studies have shown that meeting ambitious greenhouse gas mitigation targets will require substantial amounts of bioenergy as part of the future energy mix. In the course of the Agricultural Model Intercomparison and Improvement Project (AgMIP), five global agro‐economic models were used to analyze a future scenario with global demand for ligno‐cellulosic bioenergy rising to about 100 ExaJoule in 2050. From this exercise a tentative conclusion can be drawn that ambitious climate change mitigation need not drive up global food prices much, if the extra land required for bioenergy production is accessible or if the feedstock, for example, from forests, does not directly compete for agricultural land. Agricultural price effects across models by the year 2050 from high bioenergy demand in an ambitious mitigation scenario appear to be much smaller (+5% average across models) than from direct climate impacts on crop yields in a high‐emission scenario (+25% average across models). However, potential future scarcities of water and nutrients, policy‐induced restrictions on agricultural land expansion, as well as potential welfare losses have not been specifically looked at in this exercise.     

Competition and inter-firm credit: Theory and evidence from firm-level data in Indonesia

Using firm-level data we investigate the relationship between trade credit and suppliers' market structure and find a ∩-shaped relationship between competition and trade credit, with a discontinuous increase in credit provision between monopoly and duopoly. This “big jump” arises because monopolists are more likely to not offer any trade credit than firms in competitive environments. Our model exploits the fundamentally different nature between cash and trade credit sales, arguing that firms are unable to commit ex ante to a trade credit price. We show that monopolists will often sell only on cash, while credit is always provided in competitive environments.