Co-creation of tourist experiences: a literature review

This paper reviews the literature concerning co-creation of tourism experiences. It analyses the theoretical underpinnings of co-creation and discusses key dimensions of the concept from the tourist's perspective, highlighting the importance of active participation and interaction. The aim is to propose a psychology-focused definition of on-site co-creation tourism experience on which to base a conceptual framework relating important constructs. Opportunities for future empirical research in this area are suggested.     

Rents from power for a dissident elite and mass mobilization

Popular uprisings in autocracies seldom lead to democratic regimes. We propose a model that helps explain how rents from power encourage popular revolts. We study why citizens would follow a dissident group seeking regime change, if rents from change accrue only to the group. Our model predicts that higher rents may increase the incidence of public mobilization because rents facilitate coordination. The results suggest that cohesive dissident groups may spur seemingly spontaneous mass mobilizations, even when the mass public know that the dissident group is driven by greed rather than a genuine desire to halt incumbent’s rent‐seeking activities.     

The Validity of Gibrat’s Law: Evidence from Ecuadorian Service SMEs

The objective of this research is to analyze the relationship between size and growth through the validation of Gibrat's law. A sample of 17,082 Ecuadorian companies in the service sector is used for the period 2010–2015. The estimation method used is that of quantile regression for panel data; the results suggest that small companies grow faster than their larger counterparts. The results show that the growth, measured through sales and employment, of SMEs in the service sector in Ecuador is not independent of firm size and therefore does not correspond to a random process.     

Are women expected to be more generous?

This paper analyzes if men and women are expected to behave differently regarding altruism. Since the dictator game provides the most suitable design for studying altruism and generosity in the lab setting, we use a modified version to study the beliefs involved in the game. Our results are substantial: men and women are expected to behave differently. Moreover, while women believe that women are more generous, men consider that women are as generous as men.

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Electronic Supplementary Material  The online version of this article () contains supplementary material, which is available to authorized users. We appreciate comments from Josemari Aizpurua, Shoshana Neuman and participants in seminars at Bar-Ilan University, Max Planck Institute of Economics, Univ. Publica Navarra. Tim Cason and one anonymous referee made substantial comments on the previous draft. Financial support from CICYT (SEJ2007-62081/ECON and SEJ2006-00959/SOCI) and FCEA (SOC2.05/43) is gratefully acknowledge. Martha Gaustad revised the English grammar.     

Novelties of financial crises in the 1990s and the search for new indicators

This paper argues that, first, despite some similarities, financial crises in the 1990s have featured substantial differences between them: the ERM crisis of 1992–1993 was mainly due to stringent monetary policies; the Mexican crisis of 1994–1995 was associated to private overconsumption; and the East Asian crisis of 1997–1999 were basically the result of private overinvestment. Therefore, as crises do not seem to present strong regularities over time, the task of trying to predict them on the basis of past developments is surely doomed to fail. As crises might be simply unpredictable, specialists should refrain from creating and developing predictors and focus instead on simpler early-warning indicators. Second, the paper reviews the main body of literature on leading indicators of crises and it suggests that the bulk of these conventional indicators do not seem to be appropriate to the East Asian episodes. In order to create a new set of early-warning indicators, economists should focus on non-conventional deficiencies, such as those related to financial fragility associated with financial deregulation and with capital inflows, to a declining efficiency of investment, and to a high short-term external debt (especially as a proportion of foreign exchange reserves).     

Designing a fair,financially sustainable pay rate for owner-operator truck drivers. Modeling and case study

Owner operator truck drivers have been dealing with a long-standing problem: compensation per distance. Owner operators who get paid according to these criteria get a fixed payment per distance traveled regardless of how long it takes to actually cover the distance. This means that there are numerous situations that truck drivers are working; yet they might be unpaid because the truck is not moving. To compensate for the unfairness of the pay rate models, owner operators have continuously increased their working hours. In addition, many studies have confirmed that a fair payment is among the most important factors that truck drivers take into consideration when deciding to leave a company. Consequently, an unfair pay rate, along with the hard labor conditions truck drivers suffer from, inevitably leads to high turnover rates. For all these reasons, our study aims at developing a fair, financially sustainable pay rate for owner operators that will help companies ensure a stable and highly experienced workforce by making sure that owner operators can cover the real expenses of their working activity. Finally, in order to prove that our pay rate was of practical use, we test the model on one of the largest Spanish agro-food companies.     

A Selective Review of the Economic Analysis of Animal Health Management

Economists and veterinarians use similar approaches to analyse animal health threats, but veterinarians are concerned primarily with providing practical guidelines to peers and/or policy‐makers, while economists focus more on understanding the benefits to society as a whole and often provide only general guidelines to policy‐makers and little specific direction to practicing veterinarians. Despite the benefits of working together, differences in perspective and analytical approach often cause economists and veterinarians to struggle in dialogue and to lose some of the mutual gains that could be achieved through collaboration. This article discusses the use of economics in animal health management, identifies several useful literature reviews, and analyses a number of recent studies to explore the advantages and disadvantages of different conceptual and methodological approaches.     

Exploring farmer perceptions of agricultural innovations for maize-legume intensification in the mid-hills region of Nepal

Maize-legume intercropping is a fundamental component of mixed farming systems in the mid-hills of Nepal. However, its productivity is constrained by several biophysical and social factors, and limited adoption of proven agricultural innovations. In this study, we assessed the productivity impact of a selection of relevant agricultural innovations and changes in the associated perceptions of farmers through a series of two-year participatory on-farm trials. The evaluated innovations resulted in higher yields as compared to farmers' current practices. The active involvement of farmers enlarged our understanding of underlying decision-making factors to adopt or non-adopt agricultural innovations. Additionally, the in-depth farmer engagement in our onfarm trials positively influenced farmer perceptions of the innovations and their interest to adopt the agricultural innovations. Yet, farmers final decisions to adopt some of the evaluated innovations were limited by a host of factors including labour scarcity, the availability of inputs, and by cultural preferences despite the increased yields. This was particularly true for low and medium resource-endowed farmers. This study shows the importance of active farmer participation and context-specific design of research and development projects aiming for local impact.     

Does private income support sustainable agroforestry in Spanish dehesa?

Oak woodland dehesa suffers from the aging of trees without a natural regeneration of young oaks coming in to replace them. Recent European Union (EU) policy reforms for rural development focus on supporting multifunctional agriculture that complies with the EU's environmental goals, such as mitigating biodiversity losses and climate change. Such reforms could result in government support for natural woodland regeneration practices in European agroforestry systems, which are recognized for providing valuable environmental services. Managing dehesa cork oak and holm oak woodlands to stimulate the growth of new oaks could be an efficient option for maintaining, and even increasing, the dehesa's current carbon stock and biodiversity. Here we develop and apply a new agroforestry accounting system based on the concept of Hicksian income to a dehesa in the Monfragüe area of western Spain, using primary microeconomic data from a large case study. Private total income and profitability rates are measured for individual goods and services, and for the entire dehesa in a steady state. Our application extends the EU system of accounts for agriculture and forestry by including private amenity consumption by landowners and the gain or loss in human-made and natural capital. We compare an actual typical unsustainable woodland management scenario with an ideal sustainable management scenario in which there is a continuous regeneration and recruitment of holm and cork oaks as predicted by silvicultural models. The results show that, given current land use policy incentives, allowing a slow depletion of oak trees is more profitable for a dehesa private landowner than maintaining the dehesa's trees. As a result many dehesa environmental services are gradually lost. This market failure requires new land use policies that induce private land owners to invest in the renewal of aging oak woodlands. To evaluate the impacts of this new policy, we show how private landowner income is affected when changes are made to achieve sustainable management of dehesa oaks. More research is needed in order to understand how the dehesa's landowner market income and private amenities trade-off can affect the owner's land use preferences and decisions.