Policies Facilitating Firm Adjustment to Globalization

This paper focuses on policies facilitating firm adjustmentto globalization. We briefly review the effects of trade andinvestment liberalization on firms, focusing on within-industryeffects. We postulate that governments' role in supporting theprocess is to: (i) ensure that firms face the 'right' incentivesto adjust, and (ii) intervene in areas where market failuresare present. The main message of the paper is that, while manypolicies could be adopted, they need to be carefully designedand implemented in a stable macroeconomic environment. An institutionalinfrastructure that supports the functioning of modern marketsis most important. Pro-active support policies of whatever stripeshould be subject to cost–benefit analysis, based on theexistence of an identified market failure and monitored forperformance and cost effectiveness. Transparency and accountabilityare critical in ensuring that interventions accomplish theirintended objectives rather than being vehicles for rent seeking.     

A model of Social Security Disability Insurance using matched SIPP/Administrative data

We study Disability Insurance (DI) application behavior in the US using matched SIPP and administrative data over 1989–1995. Certain state-contingent earnings projections and eligibility probabilities are central to the analysis. We find evidence for a small work disincentive effect of DI that seems to be restricted to a subset of the DI beneficiaries, including low earning groups such as blue collar workers and those subject to economic dislocation. Processing time, Medicare value, unemployment, private health insurance, and health shocks are some of the major factors that affect application propensity. The behavioral response of female workers to various parameters of the DI program is found to be quite different from that of males.     

COMMENT EXPLIQUER LA PRÉSENCE D'ORGANISATIONS A BUT NON LUCRATIF DANS UNE ECONOMIE DE MARCHÉ? Une théorie socio-économique des organisations non lucratives

RÉSUMÉ ** ** Abstract at the end of the article: Zusammenfassung am Ende des Artikels; resúmen al fin del artículo.
: Le secteur à but non lucratif constitue un secteur non néligeable de notre écommie qui reste cependant sous exploré tant sur leplan empirique que théorique. De récents travaux anglo-Saxons et français permettent de mieux cerner cette réalité. Le programme de recherche du secteur à but non lucratif traite deux types de problématiques: la problématique de l‘origine (pourquoi les organisations à but non lucratif existent elles?) et la problématique du comportement (en quoi se différencient-elles d‘autres formes d‘organisations?). Une approche socio-économique des organisations non lucratives est auancée à partir du problème de la coordination de l‘action. On peut en effet considérer que les institutions sont créées afin d‘aider les agents éonomiques à résoudre les problèmes rècurrents de coordination auxquels ils ont à faire face. Dam cette perspective l'organisatwn rwn lucrative peut être comprise comme un mécanisme de compromis permettant de gérer les tensions entre quatres logiques de coordination: les logiques marchande, domestique, solidaire et civique.     

Market orientation: Review, refinement, and roadmap

Over the past ten years, significant progress has been made in the market orientation area. Scholarly attention has focused on the definition, measurement, and impact of a market orientation. Attention has also focused on organizational drivers of market orientation and its enhancement. Despite progress, several research challenges remain and rich opportunities exist for further work in the area. This paper critically reviews the state-of-the-art and offers a roadmap for future work in the area. The review primarily focuses on (1) the meaning of market orientation, (2) its relationship with several emerging topics/themes in the literature (e.g., market information processing, organizational learning, knowledge use, industry foresight and driving markets), (3) the quality of market-oriented behaviors, (4) impact of market orientation, and (5) issues in enhancing market orientation. We conclude with a conceptual synthesis and methodological suggestions.     

Economic science and ethical neutrality: The problem of teleology

Two disputes have continually frustrated attempts to provide a tenable method of enquiry for economic science:

1. Should theory construction in economics include a commitment to moral principles? Or should economic theory remain value-free?
2. Does the peculiar subject matter of economics demand a ‘teleological’, or a ‘mechanistic’ pattern of explanation?

It is the aim of this paper to shed light on both the preceding controversies by seeking to clarify the relation between them. In particular, it is argued via a case study of the theory of rational choice that over-simplified mechanistic constructions have distorted the normative content and applicability of economic theory. Yet still in an explosively changing world, we have a fragmented economics · One reason for this goes deep. It is the lack of a philosophical basis for economic theory. Economic life is looked upon as deliberative action, and again it is looked upon as action determined by the combination of tastes and circumstances. Which is it? Can it be both? Nobody asks, and such problems being unrecognized, the diversity of hidden assumptions creates a babel of conflicting languages!     

A model-free approach to multivariate option pricing

Review of Derivatives Research - We propose a novel model-free approach to extract a joint multivariate distribution, which is consistent with options written on individual stocks as well as on...     

Ocko,Judy Young,and Rosenblum,M. L. The Specialty Store and its Advertising. New York: National Retail Merchants Association, 1976

Abstract

The authors report the findings of an experiment that investigated the influence of television programs on viewers' perceptions of television commercials. Specifically, program arousal and program pleasantness were examined as potentially important determinants of viewers' emotional responses to advertising. The experiment used a two (levels of program arousal) by two (levels of program pleasantness) design to assess the effects of the independent variables on viewers'perceptions of commercial pleasantness for a pod of four commercials. As hypothesized, an assimilation effect occurred in the high arousal condition and a contrast effect occurred in the low arousal condition. Implications of these results for researchers and practitioners are discussed.