Based on ethnographic fieldwork carried out among market sellers in Equatorial Guinea’s capital Malabo at the height of its oil-boom in 2010–2012, this paper explores how prices…
Abstract
Based on ethnographic fieldwork carried out among market sellers in Equatorial Guinea’s capital Malabo at the height of its oil-boom in 2010–2012, this paper explores how prices were negotiated and set. It describes how the marketplace constitutes an important institution in Guinean society, not only as a site for provisioning, but also as a space for fostering relationships, engaging in politics and seeking social justice. The case of Equatorial Guinea helps us to re-think the notion of the just price as it is established through contingent and negotiated relations between traders, their customers and powerful political actors, rather than being the outcome of supply and demand or the result of struggles over the production and reproduction of labour. The emphasis on the political dimension of the just price speaks to key debates in the moral economy literature.
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A.I.R. Swabe and Patricia Price
The authors examine the lack of trade union membership in building societies. To form conclusions as to reasons for this lack of representation they look at the period from 1971…
Abstract
The authors examine the lack of trade union membership in building societies. To form conclusions as to reasons for this lack of representation they look at the period from 1971. The emergence of staff associations and the employers' obvious reluctance to allow TUC union representation in their organisations are held to be responsible in part. The authors then discuss TUC unions' current strategies such as mergers with staff associations, and consider the possibilities for the future.
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The librarian and researcher have to be able to uncover specific articles in their areas of interest. This Bibliography is designed to help. Volume IV, like Volume III, contains…
Abstract
The librarian and researcher have to be able to uncover specific articles in their areas of interest. This Bibliography is designed to help. Volume IV, like Volume III, contains features to help the reader to retrieve relevant literature from MCB University Press' considerable output. Each entry within has been indexed according to author(s) and the Fifth Edition of the SCIMP/SCAMP Thesaurus. The latter thus provides a full subject index to facilitate rapid retrieval. Each article or book is assigned its own unique number and this is used in both the subject and author index. This Volume indexes 29 journals indicating the depth, coverage and expansion of MCB's portfolio.
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Through a survey of 200 employees working in five of the thirty establishments analysed in previous research about the microeconomic effects of reducing the working time (Cahier…
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Through a survey of 200 employees working in five of the thirty establishments analysed in previous research about the microeconomic effects of reducing the working time (Cahier 25), the consequences on employees of such a reduction can be assessed; and relevant attitudes and aspirations better known.
Deborah A. Clayton, Christopher J. Griffith and Patricia Price
Utilises social cognition models to determine the beliefs, attitudes and knowledge of consumers towards food safety. The main aim was to determine the underlying factors…
Abstract
Utilises social cognition models to determine the beliefs, attitudes and knowledge of consumers towards food safety. The main aim was to determine the underlying factors influencing consumers’ implementation of specific food safety practices in the home. The research was conducted in two stages. First, salient beliefs of 100 consumers towards food safety were obtained using open‐ended questions. Second, the food handling practices of 40 consumers were observed and their food safety attitudes and knowledge determined using structured questionnaires. Disparities were shown between participants’ knowledge of specific hygiene practices and their implementation of these practices. Participants demonstrated a lack of and/or inadequate implementation of a number of hygiene practices, including a lack of handwashing, poor hand‐washing technique and inadequate cleaning of surfaces. The results suggest measures of perceived behavioural control, perceived barriers and perceived risk may provide developers of food safety intervention materials with more useful information compared with measures of knowledge or intention.
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Patricia A. Ryan and Sriram V. Villupuram
The purpose of this study is to explain the mixed results to changes in the DJIA index documented in the literature. The authors show that economic cycles, especially recessionary…
Abstract
Purpose
The purpose of this study is to explain the mixed results to changes in the DJIA index documented in the literature. The authors show that economic cycles, especially recessionary periods, explain the difference in findings.
Design/methodology/approach
The authors examine changes in the Dow Jones Industrial Average (DJIA) from 1929 to 2019 to evaluate immediate and long-term market reactions after a component change. Using multiple event-study methodologies, the authors examine the full era, the pre- and post-exchange traded fund (ETF) windows and economic cycles using both pre and post-estimation windows.
Findings
In aggregate, DJIA additions do not present an increase in wealth; however, wealth effects are positive during expansions and negative during recessions. Deletions have a negative wealth effect. The authors find weak evidence of an indexing effect. Additions are positive post-1998, and deletions remain negative regardless of era. In the long run, firms added to the DJIA have positive abnormal returns in the second year after inclusion. Deletions in recessionary times have negative returns three years after removal, a signal of longer-term wealth decline for these firms.
Research limitations/implications
The DJIA changes periodically to better represent industries relevant to the blue-chip market, and the findings have implications for fund managers and active investors.
Practical implications
The DJIA changes periodically to better represent industries relevant to the blue-chip market, and the findings have implications for fund managers and active investors.
Originality/value
Prior literature presents limited time series of data points and mixed results and implications. The authors find that the economic cycle is a driving factor that supports predicted signs and amounts of wealth change. Furthermore, the authors see limited ETF impact on DJIA changes and some impact of the choice of estimation period.
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Patrícia Pereira da Silva and Isabel Soares
The aim of this paper is to assess the state of spot price convergence between several European electricity day‐ahead markets.
Abstract
Purpose
The aim of this paper is to assess the state of spot price convergence between several European electricity day‐ahead markets.
Design/methodology/approach
The concept of a fully integrated market is developed through the arbitrage relationship in which spot prices at one location should equal spot prices at another location plus the price of transmission. Accordingly, neighbouring markets are analysed to measure the relevance or their respective interconnecting and transmission constraints. Exploratory data approach is used and results are discussed, namely by correlation analysis.
Findings
This paper empirically shows that price differences have decreased during the analysed period, suggesting that integration between markets might be rising. The correlation analysis indicates very few relationships between these continental European power exchanges, what makes us to anticipate continuing difficulties in the building of a single electricity market. Nevertheless, there is some evidence for local integration and some price convergence. Only France and Germany appear to be relatively integrated with higher correlation coefficients, compared to the other cases. In respect to the other markets, this correlation analysis demonstrates that price variations in several locations do not affect prices in the neighbouring locations. Spain appears to be poorly integrated with the other locations as might be expected by its peripheral position and limited cross‐border transmission capacity.
Originality/value
The paper assesses electricity market integration in the context of European Union spot prices and industry structure.
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The birth and growth of a US West Coast information company is chronicled from its beginning as a part‐time partnership to its status five years later as a small but profitable…
Abstract
The birth and growth of a US West Coast information company is chronicled from its beginning as a part‐time partnership to its status five years later as a small but profitable corporation providing information services to Government agencies as well as graduate students. Documentation Associates provides a search and retrieval service that includes brokering on‐line data‐base searches, and the investment required to set up and maintain this kind of operation is described. Some information‐broker policies are discussed, e.g. service types, pricing methods, and the reasons for the wide disparity in data‐base search prices are examined. The policies of Documentation Associates in the operation of its broker service are presented.