The Norwegian banking crisis: Managerial escalation of decline and crisis

This paper examines the impact and nature of managerial contribution to the Norwegian banking crisis. Numerous findings are reviewed which suggest that many bank managers produced inappropriate responses to the initial decline and subsequent crisis, and thus contributed to the crisis, due to a set of common managerial misrepresentations of the situation. These include: external attribution of failure, overoptimism and overconfidence, the confirmation trap, the illusion of control, irrational escalation of commitment and insufficient adjustment.     

Exploration in product usage: A model of use innovativeness

In this article a conceptual model of use innovativeness is proposed. Use innovativeness is positioned within the broader innate innovativeness construct. Use innovativeness is conceptualized as a consumer's receptivity/attraction to and creativity with using products in new ways. Thus, use innovativeness focuses on the origination and production of new product uses rather than the adoption of new products. Relationships between innovativeness, use innovativeness, and use behaviors are explicated. In addition, issues in construct measurement and validation are also highlighted. Finally, a research agenda that flows from the proposed model is suggested. © 1994 John Wiley & Sons, Inc.     

Should we do away with teleworking? An examination of whether teleworking can be defined in the new world of work

This empirical paper analyses data gathered from self-employed teleworkers, matching this against teleworking's defining characteristics, which appear in the literature. Our evaluation leads us to question whether the term 'teleworking' has lost much of its value in today's working world. We therefore suggest the new term 'home-anchored worker' as a less complex and more useful replacement.     

Effects of Tariffication: Tariffs and Quotas under Monopolistic Competition

Recent rounds of GATT and later WTO have advocated widespread tariffication, meaning that existing non-tariff barriers be converted into import equivalent tariffs. From an economic point of view, the effects of such tariffication are not entirely clear. The paper presents a trade model with monopolistic competition to examine the welfare effects of tariffication. The ranking of pre- and post-tariffication welfare crucially depends on the nature of the initial trade barrier and the tariff tool applied. Tariffication using a specific (ad valorem) tariff results in the same (reduced) welfare level compared to an initial sold quota, whereas welfare is increased (the same) compared to an initial shared quota.     

Interrelations between policy and the economic reform in Hungary

The history of the economic reform movement in Hungary and to some extent in the other Eastern European countries since the 1950s is discussed in its political context, as are East-West trade relations and the relationship of Hungary with the CMEA. Possibilities of further development of reform are discussed.     

Liberalisation and international cooperation

While being a necessary consequence of the ongoing and desirable process of international division of labour, the increasing freedom of international money and capital movements has in recent years impaired the efficiency of national economic policy instruments. In order to overcome this drawback the loss in national economic policy autonomy should be counterbalanced by a gain in economic policy cooperation between the national economies.