THE CAPACITY OF THE N.S.W. PIG MARKET TO ABSORB POSSIBLE INCREASES IN NORTH COAST PIG PRODUCTION*

Likely changes in gross income to farmers on the north coast of N.S.W. from an expansion of pig production are considered in the light of estimated demand conditions and the forecast future production of grain fed pigs in inland areas. Price elasticity of demand for pigmeat is estimated to be only slightly greater than unity; prospects for future expansion in inland areas are favourable given the strong direct relation found between pig production and wheat acreage and the low estimated elasticity of supply of 0.7; hence it is concluded expansion of milk-fed pig production would do little to solve the farm problem on the north coast. Pig numbers in coastal areas are found to be mainly determined by pig prices and coastal production of butter in previous periods; elasticity of supply is estimated to be O.5. In the demand analysis the importance of the level of migration as a determinant of the demand for pork is highlighted.     

Functional ingredients and food choice: Results from a dual-mode study employing means-end-chain analysis and a choice experiment

In this paper we present the results of a choice experiment (CE) conducted to examine how the inclusion of a functional ingredient (to increase the quantity and effectiveness of fibre) affects consumer attitudes towards bread. An novel feature of the design of our CE was that it was informed by a means-end-chain (MEC) to reveal key attributes to be included in the CE. In addition, we included the Dutch eating behaviour questionnaire (DEBQ) to collect information on all participants underlying eating behaviours. We find that bread type is a major factor in determining choice, and that the inclusion of a functional ingredient yielded relatively small measures of value. We also find that there are differences in willingness-to-pay (WTP) between respondent segments and that segment membership is explained by the DEBQ information. Finally, we find that respondents have a stronger preference for a simple health statement compared to, or in addition to, the implied benefits that result from consuming a functional food product. These findings are important in informing both pricing and promotional messages for a functional bread product.     

Managing in Disorderly Times

Abstract

The management of cities has to address new risks, insecurities and emergencies. In this article we analyse the management of the aftermath of two crises – a tornado that hit a part of Birmingham in the UK, and a fireworks explosion that hit a part of the city of Enschede in The Netherlands – in order to understand how local institutions and communities deal with (sudden) disorder and how they restore social order. We do not see this as ‘crisis management’, however, as the management of disorder and renewal will be related to the capacity of public management in everyday and orderly circumstances. Cities have to manage dispersed public and private acts, and these may be the sources of both problems and solutions in the face of disorder, depending on how they are inflected. We therefore wonder whether and how cities help constitute public spaces through which publics can be effectively engaged in the process of restoration and renewal. Managerial templates must be made meaningful not only after, but also before, emergencies. This can be done, the case studies show, by investing in local cultures, and by using ‘political’ intermediaries.     

Local complexities and global uncertainties: a study of foreign ownership and human resource management in China

Drawing on qualitative data, this paper examines developments in human resource and employment policies and practices among a sample of joint venture and wholly owned foreign enterprises operating in China. The research reveals that the effects of parent company nationality and ownership form were most visible in the areas of remuneration, worker representation and aspects of employee selection. There was, however, little overt involvement of multinational parent companies in the management of human resources of their Chinese operations. The trend was towards indirect reporting relationships with regional sub-units of multinational companies rather than direct links with the parent headquarters. Overall, these intermediate sub-units were playing an important role in the integration of Chinese business units in the global management systems of multinational companies.     

Synthetic Trades and Calendar Day Patterns The Case of the Dollar/Sterling Markets

Significant day of the week patterns are shown to exist in the dollar/sterling market. These patterns are associated with the returns to synthetic and actual forward trades as well as to spot trades. These trading strategies, geared to buying or selling sterling, reflect different timing, if not valuation, considerations on the part of traders. Nevertheless, pronounced calendar patterns are observed on Wednesdays for all the trading strategies evaluated. This is attributable to significantly different risks on Wednesdays. The observed end‐of‐the‐week patterns in forward returns persist and reinforce the returns at the start of the next week of trading. Furthermore, the overall returns to forward speculation on Fridays and Mondays are of opposite sign. Our results on calendar day patterns are thus supported by both parametric and non‐parametric tests. We provide evidence that the frequency of synthetic trading opportunities is inversely related to maturity. We also find that the period of market turbulence analyzed did not trigger abnormal opportunities for covered interest arbitrage.     

Democratization and Politics in South African Townships

In South Africa, as in many other countries, there appears to have been a demobilization of mass urban movements following the achievement of representative democracy. This apparent demobilization has led to a perception that South Africa's neighbourhood‐based civic organizations are in crisis. This article builds on existing studies by sharpening analysis of the nature of this ‘crisis’. We show that there continue to be high levels of popular engagement with self‐governing civic structures at the local level. The decline in mass direct action in civil society appears to be linked to public confidence in political society, i.e. in the political parties and elected councillors that provide mechanisms for local representation in representative democracy. The crisis facing civic organizations is in large part a crisis of adjustment, as civic activists redefine their roles in the new institutional context and accept that their roles will be more limited than in specific extraordinary periods in the past. What makes this task of redefinition so difficult is that civil and political society cannot be easily separated, but, rather, form a tangled web in the minds of civic activists (and, we suspect, ordinary citizens also). The lesson of this South African case‐study is that changing patterns of popular politics need to be located in a careful analysis of political society as well as civil society, and especially of the real and perceived links between them. En Afrique du Sud, comme dans de nombreux pays, une démobilisation se dessine, semble‐t‐il, dans les mouvements urbains de masse depuis l'accès à une démocratie représentative. Cette sensation laisse à penser que les organisations civiques de quartier sont en crise en Afrique du Sud. S'appuyant sur des études existantes, l'article affine l'analyse de la nature de cette ‘crise’. Il montre qu'il existe toujours des niveaux élevés d'engagement populaire avec, au niveau local, des structures civiques autonomes. Le recul de l'action directe de masse au sein de la société civile semble liéà la confiance générale dans la société politique, c'est‐à‐dire dans les partis et les conseillers élus qui assurent les mécanismes locaux de la représentation démocratique. La crise que connaissent les organisations de citoyens est en grande partie une crise d'ajustement, les activistes devant redéfinir leur rôle dans le nouveau contexte institutionnel et accepter que celui‐ci soit plus limité que durant certaines périodes du passé. Cette opération de redéfinition est particulièrement problématique, car il n'est pas facile de séparer société civile et société politique, celles‐ci étant étroitement m7ecirc;lées dans l'esprit des activistes civiques (et, à notre avis, dans celui des citoyens ordinaires). Cette étude de cas sud‐africaine démontre qu'il faut situer les nouveaux schémas de politique générale par une analyse précise tant de la société politique que de la société civile, notamment en ce qui concerne les liens réels et supposés entre les deux.     

Effects of counterfactual thought on postpurchase consumer affect

This study explored the effects of counterfactual thinking (CFT) on postpurchase consumer affect. CFT is the process of imagining what might have been, that is, comparing reality (what is; the facts) with alternative possibilities. In a vignette study, the presence or absence of CFT, its direction (upward or downward), and outcome valence (positive, negative, or neutral) were manipulated. The participants' tendencies toward strategic optimism and defensive pessimism were measured, and the impact of these factors on postpurchase affect was observed. As expected, results indicated that negative outcomes were associated with greater levels of spontaneous counterfactual thought, and greater affective amplification was associated with the presence of counterfactual thought. More surprising was the finding that consumer regret increased with both downward and upward counterfactual thought, indicating that both contrast and assimilation mechanisms may be operational. With respect to personality, strategic optimists were less sensitive to purchase outcomes and counterfactual thought manipulations than were other respondents. © 2003 Wiley Periodicals, Inc.     

Barriers to entry in the U.S. and Japanese titanium industries

The purpose of this paper is to construct and empirically test a model designed to determine the impact of increases in production capacity and any related excess capacity on the probability of entry into the Japanese titanium industry. These results will be compared to those of an earlier study pertaining to the U.S. titanium industry. Relevant predictor variables are employed in a model to obtain estimates of changes in titanium production and capacity. These estimates are then used in a logit analysis to determine their impact on the probability of firm entry into the Japanese titanium industry. The results of this analysis, unlike those from the earlier U.S. study, indicate that predicted capacity expansion by incumbent Japanese firms had no significant impact on the probability of entry.     

Context,values and moral dilemmas: Comparing the choices of business and law school students

Much has been written about the ethics and values of today's business student, but this research has generally been characterized by a variety of methodological shortcomings — the use of convenience samples, a failure to establish the relevance of comparison groups employed, attempts to understand behavior in terms of unidimensional values preselected by the researcher, and the lack of well-designed longitudinal studies. The research reported here addresses many of these concerns by comparing the values and ethical decision making behavior of a large cohort of students entering an M. B. A. program to students entering law school. Using the Rokeach value survey and several ethical decision making vignettes, significant differences were found between the two groups which have important implications for both the business and legal professions and the education of their future leaders.     

A Comparison of Ethical Perceptions and Moral Philosophies of American and Egyptian Business Students

This study compares business students fromEgypt and the United States in terms of theirperceptions of ethical problems, personal moralphilosophies (idealism, relativism), and theirperceptions about the importance of ethics. Aself-administered questionnaire was used tocollect data, in the classroom setting. Theresults reveal significant differences betweenthe business students from the two countries,which may be suggestive for variouscross-cultural business interactions. Theauthors derive some implications for businessethics instruction.