The Socialization of Families Away from Home: Group Dynamics and Family Functioning on Holiday

The focus on individuals in tourism research has led to limited and fragmented research on family groups and their leisure experiences away from home. This article extends conceptual and theoretical understandings within family tourism research by offering a three-dimensional framework inclusive of group perspectives. A whole-family methodology was used with 10 families (10 fathers, 10 mothers, and 20 children) in New Zealand as a more critical and holistic approach to tourism concepts. Empirical findings illustrate group dynamics along with the underrepresented generational perspectives of children and gender perspectives of fathers to provide insights into family functioning. This resulted in a three-layered model of family holiday experiences inclusive of group sociality. The collective intentionality of family togetherness on holiday is contrasted with more balanced modes in own time, highlighting the complexity of socialization within tourism theory and practice.     

Capital building through gym work

This research employed Pierre Bourdieu’s model of capital accumulation to frame the benefits conferred by gym use. Thirteen participants from four gyms in Melbourne, Australia, were purposefully selected for in-depth interviews, where detailed case histories were solicited, and data were analysed using a narrative coding model. Results indicated that the two most highly valued forms of capital were bodily capital and psychological capital. All 13 participants cited gym work as the means by which they built a better looking and better functioning body. They also advised that gym work had strengthened their self-esteem and psychological resilience, which, in turn, enabled them to present themselves more confidently in their various social roles outside the gym. In contrast, these 13 gym users accrued low levels of cultural and symbolic capital through their activities, and contrary to previous studies, also secured little social capital from gym work.     

Allocating audit resources to detect fraud

This paper addresses how to allocate audit resources across different auditable units when misstatements may occur in any or all of the units. We consider two benchmark scenarios. In the first, the extent of overstatement affects only the cost of detection, but not the effectiveness of audit inputs in determining the likelihood of detection. In the second, overstatement directly affects the likelihood of detection but not audit cost. In a two location setting, if overstatement affects only audit effectiveness, the realized value at one location has no impact on the reported value at the other. In addition, the auditor allocates an identical amount of audit resources to each location. In contrast, if overstatement affects only audit cost, the agent’s reporting strategy reflects interdependencies between both realized values and audit costs across locations.     

Services and the Single Market

The single market programme of the EU covers services as one of the four fundamental freedoms. While the legislative effort has been impressive and positive results evident in areas such as mobile telephony and low cost air transport, the impact on many services has been weak as yet. This holds in particular true for a group of services that share specific characteristics such as the overriding importance of quality, the existence of asymmetric information and the need to produce in a tailor-made way. The combination of these characteristics and trends such as globalisation, the usage of ICT and enlargement, calls for a fresh view on the functioning of the single market. An effective future single market is based on a bottom up approach, integrating single market policies with other policies, starting from the functioning of national markets and being less uniform in nature.     

artificial insemination for thoroughbreds?

Racehorses bred by artificial insemination (AI) are ineligible to run on British racecourses. Linda Whetstone argues that the removal of this restrictive practice would reduce the cost of buying first rate bloodstock.     

Will Rio stick: Barriers to global cooperation on CO2 abatement?

The Rio Earth Summit resulted in commitments to reduce CO₂ emissions from all industrialized countries, but there are many banners to overcome before its full objectives can be met. One major obstacle is carbon leakage, the increase in developing country emissions predicted as a result of OECD policies for abatement. Causes of carbon leakage are discussed here and its magnitude assessed. The effect is found to be relatively small - nevertheless, in the long run policies that provide incentives for CO₂ abatement globally will become imperative.     

Equity Markets, Transactions Costs, and Capital Accumulation: An Illustration

Poorly developed equity markets inhibit the transfer of capitalownership. Moreover, the costs of transacting in equity marketsaffect not just the level of investment, but the kinds of investmentsthat are undertaken. Once equity markets allow the ownershipof capital to be transferred economically, reductions in coststend to favor the use of longer-maturity investments. When thereis a relationship between the maturity of an investment andits productivity, transactions cost reductions are conduciveto observing certain kinds of increases in productive efficiency.This article analyzes savings, investment, and consumption decisionsby using an overlapping generations model with two-period-livedagents. The analysis allows for several technologies for convertingcurrent output into future capital that vary by productivityand maturity, and it makes ownership of capital costly to transfer.A reduction in transactions costs will typically alter the compositionof savings and investment, and have potentially complicatedconsequences for capital accumulation and steady-state output.     

Implementing ABC: An Australian Feasibility Study

Activity-based costing systems have been one of the most important innovations in accounting practice in recent years, yet we know little about the practical difficulties associated with the design and implementation of such systems. This study examines the objections put forward in the management accounting literature, which suggest that costs outweigh benefits in ABC implementations. The arguments are developed in the context of an Australian feasibility study. Encouraging lessons from the study suggest that a systematic approach to the implementation of ABC will yield significant benefits.     

ENDOGENOUS ELECTION TIMING IN MAJORITARIAN PARLIAMENTARY SYSTEMS*

The election date is an endogenous choice in many parliamentary systems. This paper explores when governments call elections and how the timing of an election influences the electoral result. Governments have an incentive to behave opportunistically, calling elections at a time when they are performing well. However, the choice of election date reveals information about the government. Specifically, early elections indicate that a government has little faith in its ability to perform well in the future. The analysis is expanded to consider changes in government composition, political business cycles, informational asymmetries and the role of opposition campaigning.