Analysis of deviance and of social classes — the impact of methodological research

In an analysis of deviance and social classes, an original methodology is used as a means of progress in the theoretical domain, which seeks a resolution of the now traditional consensus vs. conflict debate by introducing two hitherto ignored aspects: (1) this debate cannot be clarified by reference to norms or values that are abstractly described, but only in relation to the legitimacy of the intervention of a particular social institution as the result of a particular problematic behavior; and (2) the comprehension of these phenomena and their social interpretation necessitates an understanding of their meaning and of the ideological configurations that are the framework in which these judgements of institutional legitimacy are made. Indeed, this second aspect constitutes the working hypothesis of the analysis, using multiple-choice questionnaire data (N=804) concerning the social representation of deviance which are analyzed by an original method of hierarchically ascending classification analysis, called cross-classification. This method, which crosses an automatic classification analysis of the individuals with a similar analysis of the variables, produces significant nodes within the data that determine and describe the five archetypes of social representation of deviance. These significant nodes or archetypes are then analyzed further with the application of a factorial correspondence analysis.     

A proof of asymptotic normality for some VARX models

Here we present a proof of the asymptotic normality of least squares estimates for stable multivariate autoregressive models excited by a deterministic second order input signal.     

A reconsideration of the link between vertical externality and managerial incentives

Previous research revealed that the strategic role of delegation contracts disappears if two quantity‐setting firms outsource input production to a monopolistic supplier. I show that this role is restored if the assumption of a downstream duopoly is relaxed. Thus, delegation contracts allow downstream profit‐maximizing owners to commit their firms to a behavior that differs from their preferences. This behavior varies nonmonotonically with the number of firms in the downstream market. Corresponding deviations from profit maximization are larger if the upstream monopolist makes a price precommitment. But little to no deviation occurs if the number of firms is large.     

Ranking of information systems in agency models: an integral condition

Summary. We provide a condition for ranking of information systems in agency problems. The condition has a straightforward economic interpretation in terms of the sensitivity of a cumulative distribution with respect to the agent's effort. The criterion is shown to be equivalent to the mean preserving spread condition on the likelihood ratio distributions. Received: November 10, 1999; revised version: February 17, 2000     

The long-run impact of human capital on innovation and economic development in the regions of Europe

ABSTRACT

Human capital is supposed to be an important factor for innovation and economic development. However, the long-run impact of human capital on current innovation and economic development is still a black box, in particular at the regional level. Therefore, this paper makes the link between the past and the present. Using a large new dataset on regional human capital and other factors in the 19^th and 20^th century, we find that past regional human capital is a key factor explaining current regional disparities in innovation and economic development.     

The regulation of audiovisual content: quotas and conflicting objectives

Governments use a range of instruments to influence television content. The paper finds that under plausible conditions, content measures ostensibly designed to increase the production of certain programs may, paradoxically, reduce the size of the audience watching them. As well, quotas seemingly intended to boost the audience of certain programs, may in fact reduce their production and lower the number of viewers of these programs.      

Budgetary governance and accountability in public sector organisations: An institutional and critical realism approach

This paper analyses the impact of the institutionalisation of governance and budgetary policies on the accountability of organisational actors from an institutional and critical realism perspective. The study extends the framework by Burns and Scapens (2000) to critical realism. Findings from field studies conducted in two public hospital districts in Finland show two institutions of budgetary governance: the political and the technical. Accountability practices depend on how the institutionalised policies have reduced or increased the gaps between the real, the actual and the empirical domains of reality of the organisational actors involved and the governance policy that prevails at a given domain of reality. The use of budgetary information as a tool of governance and accountability in the empirical field of the study cannot be taken for granted.     

AN ASSESSMENT OF THE RISK AND RETURN OF FRENCH COMMON STOCKS

In this paper the relationship is examined between the average return and the risk of a sample of 144 French common stocks which traded continuously over the decade 1969–1979. Although it was found that a negative relationship existed between average return and systematic risk, sufficient evidence could not be gathered to reject the hypothesis that the pricing of French common stocks conforms to the Capital Asset Pricing Model. The nature and implications of the observed negative risk-return trade-off are discussed.