Strength of preference and cardinal utility

Summary. This paper provides simpler and more general preference foundations for difference representations than known before and shows how to obtain cardinal utility from those difference representations. In addition, this paper unifies all earlier derivations of cardinal utility by showing that they are implied as direct corollaries.Received: 9 November 2002, Revised: 27 December 2004, JEL Classification Numbers: C6.The author particularly thanks Peter P. Wakker and an anonymous referee for many helpful comments and suggestions. The author also thanks Han Bleichrodt and Horst Zank. The paper was partly written during a visit at the Kellogg School of Management, Northwestern University. The author thanks the Dutch Science Foundation NWO for financial support under grant 425-11-003.     

CEO succession research: methodological bridges over troubled waters

Disappointed by the lack of consistent and robust findings, scholars suspect that the problems may be related to our research methods and have frequently called for longitudinal, clinical, and psychometric studies of succession. This article compares the findings from one such study with representative studies in the literature. Examining the operationalization of key variables used to study succession antecedents, processes, and organizational consequences, it reveals possible reasons for the disappointing results and suggests ways of strengthening those operationalizations. In addition to suggesting refinements in the measurement of performance, the comparative exercise demonstrates why current proxies for personality and power may create difficulty. It concludes that both field and large‐sample research stand to benefit from a closer collaboration. Copyright © 2000 John Wiley & Sons, Ltd.     

Characteristics of food‐wasting consumers in the Czech Republic

This paper investigates food waste at the consumer stage of the food chain. The authors conducted a questionnaire survey with 259 respondents to identify the key characteristics of food‐wasting consumers and to suggest strategies to improve food‐wasting behaviour. The results of the survey confirmed that the rate at which food is wasted depends on the age, economic status and education of the person managing food in a household, on the household's income per person and on total household income. Younger people, students, economically active people and people from higher‐income households (both per household and per person) waste more, while pensioners waste much less than other groups. However, the sex of the food manager is not associated with food waste. These demographic characteristics should be considered when designing consumer education campaigns focussed on changing consumer motivation and behaviour. This paper also recommends other solutions tailored for specific demographic groups: Younger people and students may be influenced by the actions of opinion leaders within social networks, and technical devices enabling better food management could help them reduce waste. Supporting work‐life balance, broadening the network of food delivery services and implementing corporate initiatives that support food waste prevention could help economically active people reduce their food waste. Additionally, offers of ready‐to‐eat food should be expanded for people with higher incomes.     

Die Folgen eines russischen Erdgasembargos

Wirtschaftsdienst - Sanctions and their effectiveness are at the centre of the discussion about an appropriate response to Russia’s war of aggression against Ukraine. At the latest since the...     

Kohleausstieg 2030 unter neuen Vorzeichen

Wirtschaftsdienst - Der russische Angriff auf die Ukraine und die Abhängigkeit der deutschen Energiewirtschaft von russischem Gas führen aktuell zu einer sehr angespannten...     

Sustainability-oriented future EU funding: a financial transaction tax

Although responsibility for realizing the Europe 2020 strategy is shared between the EU and its 28 member states, the main criticism of the current EU budget relates to the lack of a link between the budget and the Europe 2020 strategy. Therefore the paper focuses on a new budget design as well as alternative revenue sources. One of the possible candidates is a financial transaction tax (FTT). To research FTT revenue potential, a model based on a remittance system was designed. We analyse full or partial replacement of VAT- and GNI-based own resources by the transfer of tax revenues from a FTT raised on the national level to the EU budget. The research reveals that FTT-based own resource would be able to fully replace GNI-based own resource only for some EU member states; however, VAT-based own resource can be fully replaced by a FTT-based own resource for the entire EU. Further, results also show that from the EU11 (28) perspective, the tax is sufficient to fully replace VAT- or GNI-contributions if levied on the EU11 (28) level (not on the national level) as a direct payment to the EU budget without tracking the source member State.