A market based evaluation of the election versus appointment of regulatory commissioners

This paper examines the elected versus appointed commissioner dichotomy from a market value perspective. Previous empirical analysis tends to concentrate on rates rather than examining the impact on shareholders' wealth. We examine life insurance industry data during the period surrounding the passage of California's Proposition 103. The primary impact of the referendum on life insurers is to change the method of commissioner selection from appointment to popular vote. We find that this change significantly reduced the value of life insurers doing business in California. This result is consistent with the recent findings of Boyes and McDowell (1989) and Smartt (1994) using alternative evaluation procedures for firms in other regulated industries. This implies that the change to a popular election of commissioners either increases the level of risk and/or decreases the expected cash flows of regulated firms.     

Islam,immigration and group recognition 1

Islam generally, and Muslim immigrant communities in particular, have recently been targeted for criticism by Western academics and in popular Western media. This article explores the substance of these criticisms and weighs them against the beliefs and practices of Muslim immigrants in Western liberal democracies. The article addresses three distinct questions. First, what sorts of cultural adaptations is it reasonable for liberal democratic states and societies to expect immigrants to make, and what kinds of adaptation is it unreasonable to demand? Second, how vulnerable are Islamic beliefs and practices to the criticisms commonly leveled against them in the name of liberal democracy and gender equality? Finally, how strong are the parallels between the claims for political recognition and accommodation that issue from immigrant cultural communities and the claims for recognition and inclusion that issue from groups that have historically been marginalized within liberal democratic societies? Although the authors do not dismiss the notion that there may be tensions between the core commitments of liberal democratic societies and some Islamic practices, they conclude that these tensions are exaggerated by Western writers. Muslim communities generally pose no greater challenge to liberal societies than do other religious and immigrant communities. Western writers should be chary of rejecting their claims to toleration and accommodation too swiftly.     

The Limits of Rational Choice: New Institutionalism in the Test Bed of Central Banking Politics in Australia

This paper tests the explanatory capacities of different versions of new institutionalism by examining the Australian case of a general transition in central banking practice and monetary politics: namely, the increased emphasis on low inflation and central bank independence. Standard versions of rational choice institutionalism largely dominate the literature on the politics of central banking, but this approach (here termed RC1) fails to account for Australian empirics. RC1 has a tendency to establish actor preferences exogenously to the analysis; actors' motives are also assumed a priori ; actor's preferences are depicted in relatively static, ahistorical terms. And there is the tendency, even a methodological requirement, to assume relatively simple motives and preference sets among actors, in part because of the game theoretic nature of RC1 reasoning. It is possible to build a more accurate rational choice model by re-specifying and essentially updating the context, incentives and choice sets that have driven rational choice in this case. Enter RC2. However, this move subtly introduces methodological shifts and new theoretical challenges. By contrast, historical institutionalism uses an inductive methodology. Compared with deduction, it is arguably better able to deal with complexity and nuance. It also utilises a dynamic, historical approach, and specifies (dynamically) endogenous preference formation by interpretive actors. Historical institutionalism is also able to more easily incorporate a wider set of key explanatory variables and incorporate wider social aggregates. Hence, it is argued that historical institutionalism is the preferred explanatory theory and methodology in this case.     

CURRENT DEVELOPMENTS IN PERFORMANCE INFORMATION

Abstract: This paper outlines the current state of play in relation to performance information in the Australian Public Service. It highlights the findings of the evaluation of the past decade of management reform in The Australian Public Service Reformed and the Management Advisory Board's Building a Better Public Service in relation to performance information. It outlines some of the recent initiatives at commonwealth level to improve the quality of performance information. It touches briefly on benchmarking (noting that this topic is covered by other papers at the same session and at the conference). It sets out the rationale behind the recent changes to annual reporting requirements for commonwealth departments: to provide parliamentarians with more focused information and reduce unnecessary duplication and paper overload. Reports so far have tended to confirm the success of this strategy, with some modifications required to provide more detail in agencies' documentation provided at budget time. It sets out the findings of the recent Department of Finance paper on the use of evaluation in the 1994–95 Budget—in summary, some 75% of proposals for new spending or savings in the budget were influenced by the results of evaluation. Finally, it makes some observations about the success of the Australian system of making public servants responsible for outcomes as well as outputs, and suggests that this is in part the reason why we have been able to make our evaluation strategy stick.     

Young athletes' perceptions of parental support and pressure

Individual participation in athletics was examined as a representative achievement-oriented activity in which perceived parental support and pressure influence adolescents' perceptions of themselves and their performance. Adolescent tennis players attending one of the three regional tennis academies indicated their perceptions of the quality of their parents' involvement in their tennis participation, their enjoyment of tennis participation, their self-esteem, and their feelings of burnout associated with tennis participation. Both females and males perceived similar levels of support from their mother and father; however, females perceived greater support from both parents than did males. Males perceived higher levels of pressure from their father than from their mother, whereas females perceived similar levels of pressure from both their father and mother. For both females and males, perceived parental support was positively associated with enjoyment of tennis participation and self-esteem. The findings are discussed as evidence of a general association between adolescents' perceptions of their parents' involvement in their achievement-oriented activities and their enjoyment of such activities and self-perception of abilities associated with those activities.Received M.A. in psychology from the University of North Carolina at Chapel Hill. Research interests include peer relations, aggression and social cognition.Received Ph.D. in psychology from the University of North Carolina at Chapel Hill. Major research interests are self-concept, attraction, and research methods.     

Book reviews

Alexander R. Alexiev and S. Enders Wimbush, Eds., Ethnic Minorities in the Red Army: Asset or Liability?, a Rand Corporation Research Study and Part III in a series on Nationalities. Westview Press, Boulder, Colorado, 1988, xii + 276 pp., $24.95.

Edward Allworth, Ed., Tatars of the Crimea: Their Struggle for Survival: Original Studies from North America, Unofficial and Official Documents from Tsarist and Soviet Sources, Central Asian Book Series, Duke University Press, Durham, North Carolina, 1988, xvii + 394 pp., $52.50.     

The Downsian model of electoral participation: Formal theory and empirical analysis of the constituency size effect

This paper applies a game-theoretic model of participation under uncertainty to investigate the negative relationship between constituency size and voter turnout rates: theconstituency size effect. We find that this theoretical model accounts for almost all of the variation in turnout due to size in cross sectional data from school budget referenda.