Church Ministry and the Free Rider Problem:

A bstract Questions raised by the theory of collective action ate a point of departure for an analysis of the economic aspect of church ministry Church ministry is the supply of meaning validated through member commitment Churches select the demand for meaning validation they make on their members on a continuum ranging from "strict exclusiveness" to "lenient mclusiveness" Tensions which arise may be resolved through modality and sodality structures in symbiotic relationship with each other Various solutions to free rider problems are reviewed with emphasis being given to the formation of second order volitions and the provision of "in process" benefits Sen's distinction between sympathy and commitment is used to ascertain the primary motivation underlying three levels of giving to churches The State can preserve a "free market" in religion through the disestablishment of churches     

Strategic Corporate Philanthropy: Addressing Frontline Talent Needs Through an Educational Giving Program

Corporate philanthropy describes the action when a corporation voluntarily donates a portion of its resources to a societal cause. Although the thought of philanthropy invokes feelings of altruism, there are many objectives for corporate giving beyond altruism. Meeting strategic corporate objectives can be an important if not primary goal of philanthropy. The purpose of this paper is to share insights from a strategic corporate philanthropic initiative aimed at increasing the pool of frontline customer contact employees who are performance-ready, while supporting curriculum development and infrastructure improvement for selected university business programs, creating a win-win situation for the company and the universities. This paper will address three objectives. First, we will examine the evolution of strategic philanthropy from the traditional view to its current position as a strategic option. Second, we will address the recruitment of front line talent needs (customer facing jobs in sales, customer service, and marketing) based on the profit maximization model of strategic philanthropy. Finally, we will offer conclusions and issues for future research.     

Play It Again,Sam? Versioning in the Market for Second‐hand Video Game Software

Information goods are characterised by high fixed costs and low marginal costs of production. A potentially effective strategy that can be adopted by firms operating in such markets is versioning, whereby various features are added or subtracted from a number of distinct versions of the good. This effectively serves as a means of second‐degree price discrimination designed to extract prices closer to the maximum willingness to pay from different groups of consumers. This study tests the effectiveness of versioning as a means of exploiting differences in willingness to pay in second‐hand markets for information goods by undertaking the first hedonic price analysis of video gaming software. The empirical evidence presented in this paper is based on the analysis of an extensive cross‐sectional dataset consisting of over 5000 observations of pre‐owned video game prices in the USA. Controls are introduced for a variety of other observable characteristics, including the quality of the game‐play experience, the publisher, genre and theme of the game. The results are consistent with theoretical expectations and demonstrate that significant variations in willingness to pay can be exploited through the strategic use of versioning. The practice is therefore argued to represent an effective means by which firms in these markets can enhance revenues. Copyright © 2016 John Wiley & Sons, Ltd.     

Delivering the ‘3-day car’—the strategic implications for automotive logistics operations

It is now becoming apparent that the current ‘stock-push’ vehicle supply in the automotive industry by fulfilling the large majority of orders from existing stock is no longer a viable proposition. Cost pressure from rising stock levels in the market and high discounts needed to sell these vehicles have forced vehicle manufacturers to rethink their order fulfilment strategy in favour of stock-less ‘build-to-order’ systems. More responsive order fulfilment at vehicle manufacturer level however will not only require flexible and responsive component supply and vehicle assembly, but will also have wide ramifications for all logistics operations in the auto supply chain. Based on findings of the 3DayCar research programme, this paper compares the implications on inbound, outbound and sea transportation logistics, leading to the development of a strategic framework for future automotive logistics operations.     

Cross-price effects in demand between exports and imports

This paper extends the Bickerdike-Robinson-Metzler elasticities model to include cross-price effects in demand between exports and imports, and compares the extension to the Kemp general-equilibrium model. In the extended elasticities model, positive cross-price influences impede adjustment; in the general-equilibrium model, however, such influences are part of the uniform gross-substitutability condition that assures stability. This difference arises because income and own-price effects for nontraded goods are constrained to zero in the elasticities model. Evidence of the demand for exports and imports for the United States indicates significant crossprice effects.     

Maximizing the firm's value to society through ethical business decisions: Incorporating ‘moral debt’ claims

We argue that all three forms of justice (economic, legal, distributive) require to be incorporated into the firm's business decisions in order to protect stakeholders’ alienable and inalienable rights. In addition, the firm has ‘moral debt’ obligations which require to be distributed fairly amongst all stakeholders. We develop a model that demonstrates that just distribution of stakeholders’ ‘moral debt’ and residual claims leads to the maximization of the firm's value to society in the long-run.     

Critical challenges of inventory management in service parts supply: A Delphi study

The primary purpose of the study is to determine the critical challenges facing service parts managers and to help bridge the gap between research and practice. In order to accomplish this, a series of semi-structured interviews with 18 senior service parts managers from a variety of industries frequently dealing with service parts inventory issues was used as the basis of input for a web-based Delphi study. The results of the study include 18 commonly identified potential service parts inventory issues and ten key challenges for the service parts supply industry. The identified challenges should serve as a guide for both researchers seeking to contribute to the service parts body of knowledge and practitioners who are regularly faced with service parts inventory issues.     

The Influence of Sociodemographic and Lifestyle Factors on Consumers’ Healthy Cereal Food Choices

An increase in the dietary intake of wholegrain cereals can reduce the risk of developing certain non-communicable diseases and can play an important role in a healthy diet. However, consumption of wholegrain cereals across many countries is lower that the recommended guidelines. The main objective of this research was to gather purchase-related information from end users on different types of cereal foods. A mixed research methodology was used to identify key sociodemographic and lifestyle factors that may influence consumer acceptance of new cereal foods. Three distinct clusters were identified based on six identified lifestyle dimensions. This research suggested that the combined use of sociodemographic and lifestyle segmentation variables could help identify specific consumer segments that can be used in the market-oriented development of new cereal foods.     

Hard Bargains and Lost Opportunities

A long tradition in economics assumes that any potential gains from trade will be exploited. This emphasis on efficiency clashes with the possibility that hard bargaining over the division of the surplus may cause some potential deals to be lost. We examine an Outside Option Game designed to study the tension between maximising the size of the surplus and bargaining over the division of this surplus among those who contributed to its creation. An experimental study confirms that subjects often fail to achieve efficient outcomes. A theoretical model accounts for this behaviour in terms of an equilibrium achieved in an imperfect world