On farmland prices and rents in Japan

Historically, the Japanese farmland market has been strongly regulated, although fundamental changes in policy were introduced in 1967 and 1980. This article examines the relationship between farmland prices and rents in Japan for 1955–2000 using the cointegration procedure of Johansen et al. (2000) , which admits structural breaks. Results show the presence of a cointegrating relationship with a significant break in 1980. There is Granger‐causality from prices to rents, which suggests that rents are determined within an institutional setting according to farmland prices. The rent–price elasticity is unity, which supports the notion of efficiency in the farmland market.     

A robust house price index using sparse and frugal data

In this article, we describe a house price index algorithm which requires only sparse and frugal data, namely house location, date of sale and sale price, as input data. We aim to show that our algorithm is as effective for predicting price changes as more complex models which require detailed or extensive data. Although various methods are employed for determining house price indexes, such as hedonic regression, mix-adjusted median or repeat sales, there is no consensus on how to determine the robustness of an index, and hence no agreement on which method is the best to use. We formalise an objective criterion for what a house price index should achieve, namely consistency between time periods. Using this criterion, we investigate whether it is possible to achieve strong robustness using frugal data covering only 66 months of transactions on the Irish property market. We develop a simple multi-stage algorithm and show that it is more robust than the complex hedonic regression model currently employed by the Irish Central Statistics Office.     

Escaping a silent world: profound hearing loss,cochlear implants and household interaction

For some people with profound hearing loss, cochlear implants offer a way back to patterns of communication that most of us take for granted. Travel, shopping and work contexts are largely dependent on the ability to recognize and respond to speech. This study examined implant user and partner perspectives on problems and coping strategies. The aim was to map the experiences of adults and their hearing partners living with deafness; and the changes brought about by cochlear implant use. Information was gathered by means of recorded joint interviews in a semi‐structured form with implant users and their partners. Interview themes including social isolation, employment difficulties and loss of confidence emerged as main difficulties prior to implantation. All participants were positive regarding the use of cochlear implants and, after implantation, benefits accrued in communication and social interaction. Provision of multidisciplinary support and consumer information for severe/profoundly hearing impaired adults was seen as problematic. Sample size – six couples – reflected the limited number of adult cochlear implant operations performed in Scotland. However, the results indicate their interactional experiences to be worthy of further investigation on a larger scale.     

带来机遇的泰国自由贸易区

在泰国，出于进口税收体制的原因，许多产品从他国进口时所承担的税负比使用进口部件所生产的产品还要低。对此，泰国政府采用“自由贸易区”（Free Zone）这一概念和体制予以改善，目的是把泰国打造成国内市场乃至亚洲（尤其是东盟）市场首选的制造基地。     

Potential demand for hedging by Australian wheat producers

The potential for hedging Australian wheat with the new Sydney Futures Exchange wheat contract is examined using a theoretical hedging model parametised from previous studies. The optimal hedging ratio for an ‘average’ wheat farmer was found to be zero under reasonable assumptions about transaction costs and based on previously published measures of risk aversion. The estimated optimal hedging ratios were found by simulation to be quite sensitive to assumptions about the degree of risk aversion. If farmers are significantly more risk averse than is currently believed, then there is likely to be an active interest in the new futures market.     

'You don't know what you've got till it's gone': re-contextualising the origins, development and impact of the call centre

This paper locates the emergence of call centres within the broader political economy. We demonstrate how British Gas responded to privatisation, restrictive regulation and the need to deliver shareholder value by radically changing work organisation. Using documentary evidence and oral testimonies, we show how the call centre was pivotal to tightening control over the labour process, to intensifying work and transforming the experience of work.     

Experience,change and vulnerability: consumer education for older people revisited

Everyday consumer transactions have the same potential for unexpected consequence whatever the age of the consumers involved. Young and old alike can find that products and services fail to live up to performance claims and that they are left with problems not easily resolved, or costs that are difficult to recover. While not overlooking consumer heterogeneity – especially on the basis of age – older consumers are arguably distinguishable in terms of the social and financial context in which they make decisions and attempt to redress problems. In 1988, attention was drawn to the need for consumer education to look beyond generic objectives to the specific situation of older people and their transactions. More than a decade later, in an allegedly consumer‐oriented society, the issue is revisited here to assess the argument's current relevance. Despite the increased availability of information for decisions and consumer protection, difficulties persist in the way information is presented or accessed. Chameleon‐like, old problems become manifest in new unfamiliar ways and invalidate experience. Consumer education today is as important as it was in 1988. Arguably, technological change means that the need for a better understanding of dangers, rights and redress procedures is greater than ever and the needs of older people in increasingly complex private and public sector transaction environments are all the more pressing. However, a fundamental revision of the way we approach the design of products, services and environments is needed to improve prospects for older consumers.     

The enterprise response to industrial relations legislation

The authors report a study into the impact of the former Labour Government's industrial relations legislation, much of which remains on the statute book. They focus on joint health and safety committees and provide a useful starting point for further research concerned to develop a model of firm response to industrial relations legislation in any particular subject area.     

The impacts of academic patenting and licensing on knowledge production and diffusion: a test of the anti-commons effect in Taiwan

This paper empirically examines the emerging anti-commons effect of academic patenting and licensing on knowledge production and diffusion in Taiwan. Through a dataset of 229 Taiwanese academic patent inventors, the results reveal that the anti-commons effect is not significant as expected. However, this effect has becomes more vivid in application-oriented research and disclosure delay while academic patent inventors have involved more in licensing activities. Programs to encourage academic licensing should be aware of the side effects on academic knowledge production and diffusion.     

Regroupements d'entreprises et IFRS: le cas de GlobeCom Corporation et Synthetics Inc.

This case addresses the accounting for mergers and acquisitions in Canada. Since January 1, 2011, any new transactions from mergers and acquisitions made by a public company must be recorded in accordance with the International Financial Reporting Standards (IFRS). In the case of a partial acquisitions, two theoretical approaches to accounting is allowed under IFRS 3: the approach of a separate entity and the modified approach of the parent entity. For mergers and acquisitions that occurred before this date, firms could either be early adopters to IFRS or firms could apply the Canadian standards that were allowed at the time of reunification. Under Canadian GAAP (CICA, Chap. 1581), partial acquisitions are accounted for using the approach of the parent entity. Canadian public companies that have chosen to recognize their business combinations which occurred before January 1, 2011, according to the approach of the parent entity, may continue to do so even after the enforcement of IFRS. Thus for years to come, we can see in the financial statements of various Canadian public companies business combinations presented in three different ways: according to the separate entity approach, the parent entity approach and, the modified approach of the parent entity. We also include in the case the U.S. GAAP for mergers and acquisitions. In this case, we strongly draw on an acquisition that actually happened, which we adapted to illustrate the three theoretical approaches to account for mergers and acquisitions. In particular, we have changed the name of the company.