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Outlines previous research relevant to the risks involved in residential mortgages and suggests some reasons for the gap between theory and market practice. Develops a model which adds household income, ability to pay problems and mortgage underwriting constraints to the standard pricing models, using a combination of Monte Carlo simulation and the backward finite difference method to apply it to data on house prices, income and interest rates for 62 US metropolitan areas. Discusses the results which suggest that prepayment risk dominates default risk in all except very low growth housing markets. Adds that increasing loan‐to‐value levels decrease loan values in low growth markets, slightly increase them in high growth/low volatility markets (due to decline in prepayment risk), but have little impact on high growth/high volatility markets (because they are offset by changes in default and prepayment costs). Considers the practical implications of the findings, e.g. for portfolio managers.

The purpose of this paper is to examine how North American professional team owners are engaging in broader urban development projects that have their teams as anchor tenants in new sports facilities, by examining the case of Rogers Arena in Edmonton, Canada.

Approached from a constructionist perspective, the study employed an instrumental case study strategy as it facilitates understanding and description of a particular phenomenon and allows researchers to use the case as a comparative point across other settings (with similar conditions) in which the phenomenon might be present.

Using urban regime theory as a framework, the authors found that in Edmonton, the team owner was able to align his interests with other political and business interests by engaging in a development strategy that increased the vibrancy of Edmonton’s downtown core. As a result, the owner was able to garner support for both the arena and the surrounding development.

The authors argue that this new model of team owner as developer has several implications: on-field performance may only be important insofar as it drives demand for the development; the owner’s focus is on driving revenues and profits from interests outside of the sports facility itself; and the team (and the threat of relocation) is leveraged to gain master developer status for the ownership group.

This paper adds to the understanding of owner interests and how franchise profitability and solvency can be tied to other related business interests controlled by team owners.

The purpose of this paper is to explore, through a case study, and using Pawson and Tilley's notion of context-mechanism-outcome configurations, how a sectoral innovation system (SIS) for health technologies has developed.

The case study data were collected as part of a large study that looked at technology innovation and adoption in the UK's National Health Service and were collected using an interpretive case study methodology. Primary data came from interviews and secondary data from published sources, including articles authored by members of the innovation team.

The paper identifies three specific configurations of context, mechanism and outcome that were important in the case and discusses how these contribute to a broader understanding of a healthcare services SIS.

Research conducted through a single case study is open to the criticism that its findings are not generalisable but it has offered an economical way of gaining a deep description of a situation and an understanding of the contextual factors affecting a phenomenon. The paper presents a refined model for understanding SISs that though primarily rooted within the healthcare care sector has potential for application in other sectors, especially those that encompass a significant public-sector component.

The paper's findings and conclusions have relevance to healthcare service innovation policy development. The findings will also be useful to professionals responsible for innovation projects and their support within the sector.

The paper makes an important contribution to the understanding of a SIS for healthcare services as well as refining a general model of SISs.

PRACTICALLY everyone engaged in work study concentrates on new methods and the measurement of work. We pause to wonder whether enough attention is paid to the unmeasurable factors because these outweigh those which can be observed. The unseen factors of boredom, social maladjustment, and other emotional facets create fatigue and stress—especially in female workers. Why are there not more female work study practitioners to operate in factories where female labour predominates? Such women, after being properly trained in time and motion study, should receive psychological training and, as a result, female operatives would rise to a greater level of co‐operation and ultimate working efficiency. The notion that only men should work study female operatives is a myth which should be exploded. Let there be more female work study practitioners. And the sooner the better.

Severe hazards associated with climate change are threatening human settlements, thereby requiring global cities to implement comprehensive climate adaptation strategies. For sports organizations, adaptive measures may include designing and constructing new stadiums. In this study, the authors explore climate change as a vehicle for urban transformation, particularly as it relates to the replacement of existing stadiums with new, more sustainable and resilient venues.

The authors employed a collective case study approach focusing on three recent cases of stadium replacement: Globe Life Field in Arlington, Texas; Oakland Ballpark in Oakland, California; and Marlins Park in Miami, Florida. These cases were selected because an official representative of each team made explicit references to some form of climate adaptation, though each ballpark faces a distinctive climate-related threat.

Each of the cases illustrates the various ways in which climate vulnerability may be deployed by teams and policymakers to replace professional sports stadiums. Although all three examples involved the replacement of an existing ballpark, only in the Texas case was climate adaptation openly cited as the primary reason for stadium replacement. Still, ballpark replacement plans in Oakland and Miami included significant and costly design features to protect the stadiums from extreme weather events.

This study applies the concept of climate vulnerability to illustrate a potential strategy to justify stadium replacement. As cities and metropolitan regions continue to grapple with the grand challenge of climate change, the associated vulnerability of large public assembly facilities such as major sports stadiums – particularly those prominently situated in urban centers – can no longer be ignored.