Telematics: Decision Time for Detroit

With implications for navigation, safety, entertainment and vehicle maintenance as well as regulation and infrastructure investment in roads, telematics has the potential to transform driving more than any other innovation for decades. In the already well-established Asian telematics industry, revenue tends to come from extra charges at the time of vehicle-sale, with most subsequent services provided free. The US model has evolved differently, with much of the cost of telematics hardware and software subsidized in the initial vehicle sale price and revenue coming from services used. The decision to invest in telematics is therefore riskier in the US. This article first briefly summarizes the potential of telematics. It then analyzes the investment risks, particularly for automakers. It concludes with recommendations on how the US auto industry can minimize risk and make the most of the opportunities.     

Leading and Merging: Convex Costs,Stackelberg, and the Merger Paradox

This paper examines the consequences of a Stackelberg leader merging with followers when costs are convex. Such mergers are always profitable for the participants, and the followers often do better merging than remaining excluded rivals. This resolution of the merger paradox cannot be generated either by Stackelberg leadership without convex costs or by convex costs without leadership. In addition, with convex costs, a merger with the leader can actually harm excluded rivals (suggesting why they might object to the merger) and increase social welfare.     

Animal foods and climate change: shadowing eating practices

Animal farming exceeds all forms of transport in terms of global greenhouse gas (GHG) emissions. Despite the implications of the seriousness of addressing animal farming in relation to mitigating the effects of GHG emissions, to date, the relationship between consumer behaviour and climate change has tended to neglect the role of animal foods. This paper reports on a pilot study in which six UK households were ‘shadowed’ to facilitate the investigation of the relationship between animal food practices and environmental practices, as they emerge in day‐to‐day life. Results indicate that most participants make no connection between the two issues at present, in terms of awareness or practice. However, animal foods do have an ambiguous and complex status in most participants' food practices; for instance, being viewed as problematic for reasons of health or animal welfare. This finding suggests that further research is needed into the potential for raising awareness of the link between animal‐based foods and climate change. This might have a role to play in shifting food practices towards more plant‐based, less GHG intensive, foods.     

Financing minority economic development

Conclusions A close analysis of the capital-asset pricing model’s assumptions and implications for efficient allocation of resources to investment in capital assets can form the basis for changes in the way capital markets are regulated by the federal government and in taxing policy of the government. In particular, our analysis indicates that the value of currently marketed assets can be increased by the inclusion in portfolios of currently nonmarketed assets.Moreover, the value of nonmarketed assets emerges as a significant instrumental variable for policy makers.The government can increase the value of all currently marketed assets by increasing positive changes in the value of nonmarketed assets.This might be accomplished by requiring by legislation or rule, for example, that a certain proportion of the listed securities on any exchange be comprised of the securities of black firms and other firms whose securities are not now marketed.The government might want, by tax incentive, to promote investment in firms with nonmarketed assets.It might want to increase the funding level of institutions such as MESBIC’S supplying equality finance to small black firms.     

The Development of Community-based Tourism: Re-thinking the Relationship Between Tour Operators and Development Agents as Intermediaries in Rural and Isolated Area Communities

The purpose of this paper is to invoke a Foucauldian framework in order to re-think the development of community-based tourism by focusing on the relationship between intermediaries and rural and isolated area communities in Papua New Guinea. Foucault's concepts of power/knowledge and governmentality provide a 'way of thinking' about this relationship that challenges the dominant discourse of the tourism industry. To further elaborate these alternative concepts, the researchers lead a discussion through a number of areas that impact on the development of community-based tourism. These include the introduction of western models of management and their ability to undermine traditional forms of knowledge, the conceptualisation of the tourist destination as interactive space, and a critique of the tourism industry through poststructuralist feminist theory. From these perspectives community-based tourism or ecotourism suggests a symbolic or mutual relationship where the tourist is not given central priority but becomes an equal part of the system.     

A quantification of minimum floor space requirements

In order to live and maintain life, people require some amount of shelter as protection against nature's elements. This paper investigates minimum areas required for shelter. To this end, standards of floor space for households consisting of one to five persons and available from the World Wide Web were obtained for locations in the United States, Canada, Scotland, England, Denmark, India, Hong Kong, Thailand and refugee camps. While some variation exists among regions, particularly for larger households, plotted data indicate a convergence to a minimum requirement of about 140 square feet for single-person households