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This paper aims to investigate the effect of the COVID-19 pandemic market shock on house pricing, time-on-market (TOM) and probability-of-sale functions using local multiple listing service data from Richmond, Virginia, USA.

The empirical analyses use a two-stage residual inclusion model to simultaneously address endogeneity and nonlinearity in modeling sales price and TOM, and a Heckman two-stage procedure to account for sample selection bias in estimating the probability-of-sale.

The pandemic shock not only directly impacted average home prices, TOM and probability-of-sale, but it also caused the coefficients of some of the factors that influence these metrics to change while others were stable to the exogenous shock of the pandemic. The authors find that coefficients in the hedonic pricing, TOM and probability-of-sale models did not shift instantaneously; instead, the impact evolved over several months at the beginning of the pandemic until stabilization.

The results should be of interest to buyers and sellers of residential properties, agents specializing in residential properties and researchers looking to better capture the impact of exogenous events on housing prices and buyer preferences.

In this chapter, the author argues that Austrians are perhaps uniquely placed to be effective practitioners of causal inference techniques on observational data. This is because, while the methods are easy to implement, their validity and value lies in a detailed, “analytical/historical” narrative to accompany the findings. This is true for several reasons. (1) all the models have identifying assumptions (e.g., no spillovers and parallel trends) that are best addressed by an exposition of the institutional/economic/historical milieu in place before and after the treatment under study; (2) determination of external validity also requires detailed institutional and historical knowledge; and (3) researchers often want to know the mechanisms producing the reduced form result that comes out of most causal inference studies. Here again, institutional and historical learning is crucial. My conclusion is that Austrians should add the tools of causal inference with observational data to their arsenal of analysis. This would be good both for their publication prospects and for the profession at large.

This chapter investigates the nature of the transformation of macroeconomics by focusing on the impact of the Great Depression on economic doctrines. There is no doubt that the Great Depression exerted an enormous influence on economic thought, but the exact nature of its impact should be examined more carefully. In this chapter, I examine the transformation from a perspective which emphasizes the interaction between economic ideas and economic events, and the interaction between theory and policy rather than the development of economic theory. More specifically, I examine the evolution of what became known as macroeconomics after the Depression in terms of an ongoing debate among the “stabilizers” and their critics. I further suggest using four perspectives, or schools of thought, as measures to locate the evolution and transformation; the gold standard mentality, liquidationism, the Treasury view, and the real-bills doctrine. By highlighting these four economic ideas, I argue that what happened during the Great Depression was the retreat of the gold standard mentality, the complete demise of liquidationism and the Treasury view, and the strange survival of the real-bills doctrine. Each of those transformations happened not in response to internal debates in the discipline, but in response to government policies and real-world events.

The purpose of this paper is to examine the relationship between perceived overqualification and job crafting, which has the ability to drive satisfaction, loyalty and performance; drawing on the broaden-and-build theory, the study tests the positive psychological capital (PsyCap) moderation role in this relationship.

Data were obtained from 320 white-collar employees in Northern Cyprus. Data on perceived overqualification and positive PsyCap were gathered in the first survey, and job crafting was measured as a follow up. Data were analyzed using structural equation modeling and hierarchical regression.

Perceived overqualification has a significantly negative effect on all dimensions of job crafting. However, considering PsyCap as a moderator, the study demonstrates that the negative impact of perceived overqualification on job crafting lessens when positive PsyCap is high rather than low.

Self-reported surveys are used and results were collected from only Northern Cyprus.

The study has important practical implications for managing and reaping benefits from employees who perceive themselves as overqualified. Specifically, organizations need to implement efficient activities that increase positive PsyCap among these employees (e.g. inspirational videos and other learning), which can thereby boost their job-crafting behavior and result in better organizational performance.

This research is the first to investigate positive PsyCap among employees who feel overqualified. The findings further point to what can be done to encourage job-crafting behavior by using positive PsyCap to increase passion and motivation among overqualified employees.

This paper addresses the growing fragmentation between traditional and digital service innovation (DSI) research and offers a unifying metatheoretical framework.

Grounded in service-dominant (S-D) logic's service ecosystems perspective, this study builds on an institutional and systemic, rather than product-centric and linear, conceptualization of value creation to offer a unifying framework for (digital) service innovation that applies to both physical and digital service provisions.

This paper questions the commonly perpetuated idea that DSI fundamentally changes the nature of innovation. Instead, it highlights resource liquification—the decoupling of information from the technologies that store, transmit, or process this information—as a distinguishing characteristic of DSI. Liquification, however, does not affect the relational and institutional nature of service innovation, which is always characterized by (1) the emergence of novel outcomes, (2) distributed governance and (3) symbiotic design. Instead, liquification makes these three characteristics more salient.

In presenting a cohesive service innovation framework, this study underscores that all innovation processes are rooted in combinatorial evolution. Here, service-providing actors (re)combine technologies (or more generally, institutions) to adapt their value cocreation practices. This research demonstrates that such (re)combinations exhibit emergence, distributed governance and symbiotic design. While these characteristics may initially seem novel and unique to DSI, it reveals that their fundamental mechanisms are not limited to digital service ecosystems. They are, in fact, integral to service innovation across virtual, physical and blended contexts. The study highlights the importance of exercising caution in assuming that the emergence of novel technologies, including digital technologies, necessitates a concurrent rethinking of the fundamental processes of service innovation.

The purpose of this paper is to see whether it is possible to reliably detect, prospectively, superior intellectual contributions to marketing's literature.

Citation data accessed on the Institute of Scientific Information Web of Science were used to examine the impact of award‐winning marketing articles with those of lead articles and non‐lead articles in the same journal issues.

Award‐winners gathered more citations than those for the two comparison groups. It is shown, however, that this finding should not be taken for granted. The peer review system frequently fails to identify high quality, innovative research.

The paper only considers US marketing journals.

This is the only in‐depth study of the impact of award‐winning research in the marketing community.

Examines varied empirical studies on downsizing which have revealed that, as a result of its aftermath, high percentages of companies have judged these efforts as unsuccessful. Corporate restructuring encompasses multiple forms of change, which are classified into three distinct categories: portfolio, financial and organizational. An analysis of the Freeman and Cameron theoretical framework on downsizing implementation processes is examined in terms of where the process occurs, during periods either of convergence and/or of reorientation, and the results associated with each approach. A case study of the Kansas Department of Health and Environment revealed that restructuring did not provide visible improvements in efficiency, economy and responsiveness. Cultural impact of this intervention revealed negative intergroup reactions, i.e. denial, dissatisfaction. An analysis of Richard Johnson’s model of the antecedents, processes and outcomes of downsizing revealed the impact upon strategy, productivity, human resources and finance. Interrelationships suggested diminished performances of firms which downsized without a lucid blueprint, adversely impacting upon these businesses. Finally, 30 recommendations are given for the human resource executive for effective downsizing, focusing upon: approach, involvement, leadership, communication, preparation, support, cost cutting, measurement, and implementation.

The topic is extremely broad and requires definitions of civil liberties, privacy and balance, which this short paper will not undertake. From age to age, the pendulum has swung from, on the one hand, private property and private rights to, on the other hand, the powers of the police, and the public interest in the detection, prevention and punishment of crime. The experience with privacy varies from culture to culture. The question of balance arises, for example, in connection with search and seizure, the use of improperly obtained evidence, and the interception of communications. However, this paper touches on the penetration of bank secrecy, the Inter‐American Convention against Corruption of the Organization of American States (OAS), and a number of constitutional principles arising from the cases, especially the Bahamian case of Carlos Enrique Ledher‐Rivas aka Joe Ledher, a major Colombian drug lord. The latter case is reported as International Dutch Resources v Attorney General [1989] 1 LRB 357 (the Joe Ledher case).

Early childhood education and care (ECEC) in England is provided to children from birth to the age of five. Nursery provision is delivered as a mixed market economy partly financed by the government, with the remainder paid by stakeholders and/or families. Political changes over the past 20 years have resulted in significant shifts in the levels of support given to nursery provision and to children and their families, and the universal support that was once provided has become fragmented. COVID-19 lockdowns and global factors have brought a number of key challenges to the surface including financial sustainability for nursery provision and beyond, the development of young children's emotional and communication skills, children's ability to socialise and play, and how to support the families who are experiencing the most financial and social need. This is set against a backdrop of Portsmouth, a city of contrasts with both affluent and low socioeconomic status areas and diverse family needs. This chapter explores steps taken by two charity and voluntary organisations to support young children and their families and the ways in which these organisations take a socially innovative approach when working with very young children. The chapter reports on how these organisations provide approaches that bridge the gaps left by state retrenchment and shows how these local innovations can support young children to develop, learn and thrive, complementing existing nursery provision.