Dynamic monopoly pricing and herding

We study dynamic pricing by a monopolist selling to buyers who learn from each other's purchases. The price posted in each period serves to extract rent from the current buyer, as well as to control the amount of information transmitted to future buyers. As information increases future rent extraction, the monopolist has an incentive to subsidize learning by charging a price that results in information revelation. Nonetheless, in the long run, the monopolist generally induces herding by either selling to all buyers or exiting the market.     

‘Forest governmentality’: A genealogy of subject-making of forest-dependent ‘scheduled tribes’ in India

This paper analyses the historical trajectories of both British colonial rule and independent India to categorise scheduled tribes and to appropriate and legalise forests in tribal areas. It builds upon Foucault's notion of governmentality to argue that the history of the scheduled tribes’ subject-making and the related history of forest demarcation is indispensable for understanding the current politics of decentralised forest management in India. Three dimensions of ‘forest governmentality’ - the history of categorisation, the politics of social identity, and the technologies of forest governance - are discussed to show how recent efforts to politicise forest tenure rights have reinforced political control over the scheduled tribes through new forms of authority, inclusion and exclusion. However, to claim their individual and community right to forestland and resources, the scheduled tribes have internalised their ‘new’ ethnic identity, thereby creating countervailing power and room to manoeuvre within the current forest governance regime. This is supported by a case study of the Bhil, a predominantly forest-dependent scheduled tribe in the semi-arid region of western India.     

Parliament vs. Supreme court: a veto player framework of the Indian constitutional experiment in the area of economic and civil rights

This essay is on the Indian constitution and extends and responds to the work of Singh (Constitutional Political Economy 17:17, 2006) in the analysis of economic rights. The veto player framework is used to analyze the development of economic rights which was diminished and civil rights (through Public Interest Litigation) which was expanded since Indian independence. The Congleton Model (Constitutional Political Economy 12:193–215, 2001) and Tsebelis Model (British Journal of Political Science 25(3):298–325, 1995) on veto players are used to develop the hypotheses and analyze the evolution of the Indian constitution.     

A preliminary investigation of factors affecting seafood consumption behaviour in the inland and coastal regions of Victoria,Australia

This paper examines whether there are any substantial differences in factors influencing seafood consumption (at‐home) behaviour of consumers from two different regions of Victoria, Australia. We have used the logit modelling procedure and found that there exist noticeable regional differences in seafood consumption behaviour. In the case of the inland region, it is found that the variables price, distance, taste, quality and season are significant at the conventional level. For the coastal region, the factors quality, age and number of persons employed (at the 5% level) and size of households (at the 10% level) significantly influence the seafood consumption behaviour.     

Optimal sale across venues and auctions with a buy-now option

We characterize the optimal selling mechanism for a seller who faces demand demarcated by a high and a low end and who can access an (online) auction site (by paying an access cost) in addition to using his own store that can be used as a posted price selling venue. We first solve for the optimal mechanism of a direct revelation game in which there is no venue-restriction constraint. We find that the direct optimal mechanism must necessarily incorporate a certain kind of pooling. We then show that even with the venue constraint, the seller can use a two stage indirect mechanism that implements the allocation rule from the optimal direct mechanism, and uses the venues in an optimal fashion. The first stage of the indirect mechanism is a posted price at the store. If the object is not sold, we move to stage two, which involves an auction at the auction site. A feature of this auction is a buy-now option which is essential for implementing the pooling feature of the optimal direct mechanism. We also show that the buy-now option in the optimal mechanism is of a “temporary” variety, and that a “permanent” buy-now option, in contrast, cannot implement the optimal mechanism. Auctions with a temporary buy-now option are in widespread use on eBay. We thank the Associate Editor, George Deltas, for his insightful comments. We also thank seminar participants at the University of Basel and the SAET conference 2007.     

Asymmetric treatment of identical agents in teams

We investigate when identical agents will be treated asymmetrically in a simple team setting. Asymmetric treatment is optimal when the agents’ individual contributions to team performance are strategic complements. Symmetric treatment of identical agents is optimal when the agents’ contributions are strategic substitutes or when they are independent.     

Diffusion of integrated reporting,insights and potential avenues for future research

This study reviews the diffusion of integrated reporting (IR) research. The systematic literature review method is used to review the effects of IR at the organisational level, determinants of IR adoption and integrated report quality (IRQ), assurance on IR, economic consequences of IR/IRQ, and research design issues to set agendas for future research. The review covers 119 peer-reviewed IR articles published in 36 journals between 2012 and 2021. It finds that the IR literature is dominated by organisational-level studies, but there is limited research on the economic consequences of IR/IRQ, and the findings are inconclusive to date. Further, the factors that determine IR adoption/IRQ are not conclusive, and there is scarce research on IR assurance. This review contributes to the emerging IR literature and provides valuable insights to the International Integrated Reporting Council (IIRC) in establishing the IR framework as a global reporting norm in practice.     

Determinants and consequences of student satisfaction in Australian Universities: Evidence from QILT Surveys

We examine the determinants and consequences of student satisfaction, measured by satisfaction scores reported in the QILT surveys from 2012 to 2017. We find that university-level profitability determines overall student satisfaction, where a positive relationship exists between student satisfaction and university performance. This association is more pronounced for Group of Eight (Go8) universities and those with higher academic expenditure. These findings have important implications for higher education providers as the Australian Government is contemplating the use of QILT student satisfaction in allocating public funding for higher education.