Time Discounting and the Overexploitation of Coral Reefs

Environmental and Resource Economics - The incentive to overexploit a fishery resource is thought to exist if the resource owner’s discount rate is sufficiently higher than the biological...     

Strategic groups,asymmetrical mobility barriers and contestability

This paper examines the literature on strategic groups and extends it: first, by clarifying the distinction between two alternate approaches to forming groups, emphasizing that multivariate group analysis can be used to conserve information not only summarize it as bivariate grouping does; second, by focusing attention on the importance of asymmetrical mobility barriers and competitive advantage in the process of industry consolidation and concentration; and third, by linking groups and the concept of contestability in an effort to make some progress towards explaining the evolution of industry structure.     

The competitive dynamics of network-based businesses

Telecommunications carriers, transportation companies, and banks are among the many network-based businesses--companies that move people, goods, or information from various points to various other points. Managers have long assumed that customers valued all links in these networks equally. It was thought that banking customers, for example, sought access to all of the branches throughout the network or that shipping customers wanted to be able to send packages everywhere. Intuitively, managers thought that many of their customers' needs were, in reality, narrower, but they had no way of knowing which links were most important. New computing power and robust mapping software now make it possible to understand network customers better. In applying this technology, the authors, both consultants from McKinsey & Company, have uncovered three distinct usage patterns: one in which all links are, indeed, valued equally; another in which customers concentrate their use in particular zones; and a third in which customers value only individual links. Each of these patterns requires a different strategy to direct executives in making the decisions fundamental to managing any network-based business: whether to open or close outlets, whether to connect their network to others, and how to organize business units so that they reflect the network's structure. Those who don't spot the patterns or understand their strategic implications will find themselves on the losing end of the network battle.     

Consumer attitudes toward Canadian-made versus imported products

A survey of 635 Canadian men and women revealed that overall attitudes toward Canadian-made products were positive, especially among women. Cynicism existed among men and among persons who were older, had higher educations, higher incomes and higher status occupations. For clothing and footwear products Canadian-made rated high, but Japanese-made rated higher for automobiles and home entertainment equipment, while European wines were rated ahead of Canadian wines. The last purchase in each product category studied was frequently Canadian-made. Consumers favored purchasing Canadian-made products in the future except for home entertainment equipment. Implications for Canadian industry, marketing and government policy are drawn.     

An Empirical Investigation of 1983 Farm Mortgagors in Western Canada

Cross-sectional data from the 1984 Farm Credit Corporation (FCC) survey are used to investigate the characteristics of farm operators who participated in the 1983 long-term agricultural credit market and to investigate the determinants of loan size. Discriminant analysis is used to analyze differences in socioeconomic characteristics among FCC clients, borrowers from other government agencies, borrowers from private sources, and nonborrowers, while regression models, adjusted for sampling bias, are used to reveal the determinants of size of long-term loans from the FCC. The results are tentative due to the cross-sectional properties of the data, but they seem to show that the Farm Credit Corporation is fulfilling its stated aims both in its selection of clients and in its tendency to grant larger loans to the clients it is mandated to serve. Les données sectorielles du sondage en 1984 de la Société du crédit agricole (SCA) sont utilisées pour examiner les caractéristiques des opérateurs d'exploitations agricoles qui ont participé au marché du crédit agricole è long terme en 1983 et pour examiner les déterminants de l'importance de l'emprunt. Une analyse discriminante est utilisee pour étu-dier les différences dans les caractéristiques socioéconomiques parmi les clients de la SCA, les emprunteurs è d'autres agences gouvernementales, les emprunteurs à des sources privées, et ceux qui n'empruntent pas, tandis que les modeles de regression, reajustes pour le biais de llechantillonnage, sont utilises pour reveler les determinants de 1'importance des emprunts a long terme à la SCA. Les resultats sont provisoires du aux qualites sectorielles des donnees, mais ils indiquent que la Societe du credit agricole semble accomplir ses objectifs enonces à la fois dans sa selection de clients et dans sa tendance à accorder de plus gros emprunts aux clients qu'elle doit servir.     

Pursuing Problems in Growth

This paper explores the theoretical implications of Schmooklers (1966) argument that a key determinant of technological change is the usefulness of new technologies. There is both historical and empirical support for his argument. The analysis implies that on-going growth depends delicately on a tension between uses for solutions to technological problems and the allocation of resources toward pursuing those solutions. Even alongside an endogenously increasing number of problems pursued, increasing research labor need not increase technology growth or per capita income growth. The results provide reconciliation of stylized facts regarding technological change and growth in the United States and Western Europe.     

An analysis of research into the future of purchasing and supply management

Business organisations are going through rapid external environmental and internal organisational changes due to increasing globalisation, E-business, and outsourcing. As a result, the future of purchasing and supply management—as a function within organisations, as a process that spans organisation boundaries and as a profession—raises important concerns for both organisations and the purchasing professional. This paper considers a broad and rather fragmented body of empirical evidence and analyses 42 relevant empirical studies on the future of purchasing and supply management. The major findings are reported in terms of changes in business contexts, purchasing strategy, structure, role and responsibility, system development and skills. Cross-sectional comparative analyses were also conducted to examine variation by sector, firm type, people's roles in purchasing, and country. A number of major implications for the purchasing function, process and professional bodies are presented together with suggestions for future research to address significant gaps in the current body of knowledge.     

Understanding young adult drink‐driving behaviour: a value benefit perspective

• Young adult novice drivers represent a key at‐risk cohort for alcohol‐related road fatalities. Little research has investigated the value perceptions of responsible drivers as compared to their risk‐taking counterparts. Addressing the value‐perception gap, this qualitative research integrates identity theory and value expectancy theory to analyse the hedonic aspects and reward benefits of young adult drink‐driving behaviour.
• The study identified three categories of young adult drink‐drivers: under‐the‐limit, borderline and extreme. Motivation drink‐drive was influenced by perceptions of driving as a right versus a privilege; fear versus fatalistic attitude of drink‐driving consequences and drink‐driving as a connection for escape versus utilitarian activity. Future prevention strategies for at‐risk drink‐drivers must be relevant, convincing and consider the dynamic and changing landscape young adults inhabit.

Copyright © 2007 John Wiley & Sons, Ltd.