On the cultural basis of gender differences in negotiation

We study how culture and social structure influence bargaining behavior across gender, by exploring the negotiation culture in matrilineal and patriarchal societies using data from a laboratory experiment and a natural field experiment. One interesting result is that in both the actual marketplace and in the laboratory bargaining game, women in the matrilineal society earn more than men, at odds with years of evidence observed in the western world. We find that this result is critically driven by which side of the market the person is occupying: female (male) sellers in the matrilineal (patriarchal) society extract more of the bargaining surplus than male (female) sellers. In the buyer role, however, we observe no significant differences across societies.     

Primary education and fertility rates

Unified growth theory advances that the transition from a Malthusian regime to sustained economic growth is characterized by technological progress and, amongst other things, by an increase in demand for human capital which in turn creates incentives for lower fertility rates. Bearing that in mind, I ask the question: has southern Africa escaped the Malthusian stagnation? Specifically, I study whether primary school completion rates have played any role in total fertility rates in all countries of the Southern African Development Community (SADC) during the 1980–2009 period. Contrary to conventional wisdom, the results, based on dynamic panel time‐series methods, suggest that primary education is associated with lower fertility in the SADC, or that the community is already trading‐off quantity for quality of children. Although I do not claim causality, overall the results are significant because, in accordance with unified growth theory, they suggest that the SADC is experiencing its own transition from the Malthusian stagnation epoch into sustained growth, or that the SADC is going through its own post‐Malthusian regime.     

Relaxed Credit Standards in the U.S. Housing Boom: Changes in Risk Characteristics of Mortgage Recipients*

This paper examines components of credit risk and how their ability to predict the interface between households and mortgage market changed under the relaxed lending standards prevailing during the U.S. housing boom of the 2000s. Using data from the Federal Reserve Board's 1998 and 2007 Survey of Consumer Finances, the paper evaluates changes between 1998 and 2007 in the significance of credit risk characteristics in explaining three variables regarding the purchase of a primary residence by households in low‐, moderate‐, and high‐income groups: the loan‐to‐value ratio of the purchase mortgage, the likelihood of purchase, and the price paid. The study also analyzes the extent to which the period saw increases in the values of those three variables. The findings strongly suggest a decline in the ability of credit risk characteristics in predicting the interface between households and mortgage market over the period.     

Trading-up on unmet expectations? Evaluating consumers’ expectations in online premium grocery shopping logistics

Geography and retail store locations are inherently bound together; this study links food retail changes to systemic logistics changes in an emerging market. The later include raising income and education, access to a wide range of technologies, traffic and transport difficulties, lagging retail provision, changing family structure and roles, as well as changing food culture and taste. The study incorporates demand for premium products defined by Kapferer and Bastien [2009b. The Luxury Strategy. London: Kogan Page] as comprising a broad variety of higher quality and unique or distinctive products and brands including in grocery organic ranges, healthy options, allergy free selections, and international and gourmet/specialty products through an online grocery model (n?=?356) that integrates a novel view of home delivery in Istanbul. More importantly from a logistic perspective our model incorporates any products from any online vendors broadening the range beyond listed items found in any traditional online supermarkets. Data collected via phone survey and analysed via structural equation modelling suggest that the offer of online premium products significantly affects consumers’ delivery logistics expectations. We discuss logistics operations and business management implications, identifying the emerging geography of logistic models which respond to consumers’ unmet expectations using multiple sourcing and consolidation points.     

Traveler satisfaction in rapid rail systems: The case of Istanbul metro

Multifaceted characteristics of urban travel have an impact on the passengers' overall satisfaction with the transport system. In this study, we investigate the interrelationships among traveler satisfaction, travel and traveler characteristics, and service performance in a multimodal network that comprises of a trunk line and its feeder lines. We analyze the factors influencing the choices of access to rail transit stations and the satisfaction of transit travelers with the rapid rail transit systems. We quantitatively study these relationships and demonstrate the complexity of evaluating transit service performance. Since the interrelationships among variables affecting this system are mainly stochastic, we analyze the satisfaction with transit system problem using a Bayesian Belief Network (BBN), which helps capture the causality among variables with inherent uncertainty. Using the case of Istanbul, we employ the BBN as a decision support tool for policy-makers to analyze the rapid rail transit services and determine policies for improving the quality and the level of service to increase the satisfaction with transit system. In the case study, satisfaction with accessibility and access mode variables are found to be more effective variables than total travel time for travel time satisfaction, confirming the significant role of access in multimodal travels.     

Inflation and economic growth in Latin America: Some panel time-series evidence

In this paper we investigate the role of macroeconomic performance, mainly in terms of rates of inflation, in determining economic growth in four Latin American countries which suffered hyperinflationary bursts in the 1980s and early 1990s, but that also differ in terms of development levels. The data set covers the period between 1970 and 2007, and the empirical results, based on panel time-series data and analysis, confirm the anecdotal evidence which suggests that inflation has had a detrimental effect to growth in the region. All in all, we highlight the fact that excessive inflation has clearly offset the Mundell–Tobin effect and consequently the high costs that inflation has had on economic activity in the region.     

Public infrastructure provision and ethnic favouritism: Evidence from South Africa

Does coethnicity with the President affect public infrastructure provision in South Africa? Using municipal-level data for 52 district municipalities from 1996 to 2016, we find that municipalities coethnic with the President are associated with higher water infrastructure provision relative to non-coethnic municipalities. Taking into account various political considerations, results show that ethnic favouritism occurs due to ethnic altruism. Our findings remain robust to different specifications of coethnicity thresholds and are applicable to electricity infrastructure provision. Results suggest that in order to minimise ethnic favouritism, politically independent institutions should oversee the allocation of funding and provision of infrastructure.