Parks, People, and Forest Protection: An Institutional Assessment of the Effectiveness of Protected Areas

Are parks effective in forest conservation? This study examines data from 163 forests in 13 countries to determine the necessity of legally established protected areas for forest conservation and alternative conditions and institutions that may conserve forests. The results show no statistically significant differences in forest conditions between legally protected forests and forests governed by users who establish and recognize forest rules. Furthermore, higher levels of vegetation density and significantly more forest rules exist in areas not legally protected. The dearth of rules in protected areas suggests that parks may not be the optimal governance structure for promoting local conservation.     

Ethical myopia: The case of “framing” by framing

The behavioural decision-theoretic concepts of mental accounting, framing and transaction utility have now been employed in marketing models and techniques. To date, however, there has not been any discussion of the ethical issues surrounding these significant developments. In this paper, an ethical evaluation is structured around three themes: (i) utilitarian justification (ii) the strategic exploitation of cognitive habits, and (iii) the claim of scientific status for the techniques. Some recommendations are made for ethical practices. Alan E. Singer is a senior lecturer in Strategic Management at the Department of Management, University of Canterbury. He has previously authored papers in the Journal of Business Ethics and in several other journals including Decision Sciences, Accountancy, International Journal of Forecasting and International Journal of Research in Marketing. Steven Lysonski is an Associate Professor at Marquette University, Milwaukee, Wisconsin. He is a former member of the marketing faculty at the University of Canterbury. He has published widely in such journals as the Journal of Marketing, The European Journal of Marketing, International Journal of Advertising and the Journal of Product Innovation Management. Ming Singer is a senior lecturer in Psychology at the University of Canterbury. Her research interests lie in the area of organisational and personnel psychology, particularly organisational justice. She has published numerous research articles including papers in Personnel Psychology, The British Journal of Psychology and the International Journal of Psychology.David Hayes is currently an East-West Center graduate student at the University of Hawaii, studying energy resources through the Geography Department. He is also a member of the Energy Program of the Resource Systems Institute, East-West Center. He has an Engineering and Commerce degree from Canterbury University.     

US federal redistributive income policies

The purpose of this paper is to present a statiscial model of inequality that allows us to analyse simultaneously the impact of several major redistributive expenditure policies, as well as analysing the impact of income taxation on inequality. The paper includes multivariate exogeeity tests to determine whether the policies have ‘caused’ the observed income distribution or if there is feedback, i.e. inequality in the distribution has lead to enhanced (or diminished) redistributive policies. The direction of causality for these policies has not, to ourr knowledge, been previously examined. This paper examines the usual redistributive vehicles of transfer payments, Social Security, Medicare and Medicaid, as well as analysing the impact of the personal income tax system on inequality. Using time series analysis we can allow for lagged effects of these policies as well as current period effects. This lagged effects specification may be sugggestive of behavioural responses to policy changes.     

Keynes’s liquidity preference and the usury doctrine: their connection and continuing policy relevance

The purpose of this paper is to support the spirit of the early medieval prohibition of payment for the use of money, with arguments based on the economics of Keynes. At the heart of the usury doctrine is the idea that a creditor cannot expect both the security of a claim on a fixed sum of money and to derive an income from it; security comes at a price, one way or another. The consequences of the unwillingness of modern society to accept this are illustrated by reference to two problems of the modern international financial and monetary system: bank bailouts and the lack of a supranational reserve currency.