Program in search of a policy: The chrysler loan guarantee

In 1979, the U.S. government responded to the threat that Chrysler might close its doors with a program that had almost no U.S. precedents. The policy that lay behind the program was obscure at the time and remains so. A variant of the traditional argument for the protection of infant industries offers the glimmering of a rationalization. But defining a general policy in such cases remains a task for the future.     

THE FORGOTTEN ROYAL COMMISSION: PUBLIC SERVICE REFORM IN WESTERN AUSTRALIA

The publication Public Service Inquiries in Australia edited by R.F.I Smith and Patrick Weller (1978) concentrated on the wave of inquiries that swept Australia in the 1970s with most attention being given to the Royal Commission on Australian Government Administration (RCAGA). While the focus of the book was on contemporary developments, Roger Wettenhall's chapter 2 outlined "A Brief History of Public Service Inquiries" so as "to set the present generation of inquiries more firmly in a historical context" (1978, p.15).     

A useful tool for evaluating potential mediators

Conclusion Overall, the guidelines published by NIDR are a useful set of standards that should become a valuable reference tool for those responsible for evaluating and selecting mediators. Each institution that is involved in this process will find the guidelines useful as they develop their own criteria. George H. Friedman is vice president for case administration of the American Arbitration Association, 140 West 51st St., New York, N.Y. 10020.Allan D. Silberman is vice president for education and training with the AAA.The authors are grateful for the input on this brief commentary received from their AAA colleagues Thomas R. Colosi, vice president for national affairs, and Robert E. Meade, vice president for program development.     

"Bru-u-u-uce": The simple economics of mob goods

This paper provides a pure economic rationale for chronic excess demand for tickets to events like rock concerts. The model focuses on "mob goods", which are consumed jointly with crowd reaction, or "noise". Whereas the primary commodity is provided by the seller, the joint product is provided collectively by buyers. If propensities to make noise are inversely correlated with reservation prices and a capacity constraint applies, excess demand (queuing) is a necessary condition for profit maximization. One important implication is that anti-scalping laws may be welfare-increasing. The paper explores other applications in professional sports, restaurants, and on-stage theatre.     

The institutional logic of small-firm economies in Italy and Taiwan

This article compares the small-firm economies of Taiwan and Italy, utilizing an institutional oganizational approach in the analysis of economic structures. It is divided into three sections. First, there is a presention of the main features of the Italian and the Taiwanese economies to draw out their distinctive similarities. The second part identifies a set of institutional factors which help us understand the similarities observed in the two economies, and classifies them along two analytical headings: individual values and social structure. The third section explores the significance of the author's crossnational comparison of small-firm economies for improving the status of an institutional theory of economic structures. By, emphasizing the role of institutional factors and the social embeddedness of economic activities in Italy and Taiwan, the article provides a corrective to the unilateral emphasis on an East versus West model of economic action and shows the obvious inadequacies of restrictively cultural, political, or economic interpretations of national economies. Marco, Orrù is assistant professor of sociology at the University of South Florida. Recent publications include “Patterns of Inter-Firm Control in Japanese Business” (Organization Studies, December 1989, 549–74) and “Organizational Isomorphism in East Asia” inThe New Institutionalism in Organizational Analysis P. Dimaggio and W. Powell, eds., (University of Chicago Press, 1991). Dr. Orrù's research has also appeared inThe British Journal of Sociology, Sociological Forum, Japan'sFinancial Economic Review, and other professional journals. He is currently working on a monograph,Patterns of Asian Capitalism, co-authored with Gary G. Hamilton and Nicole Woolsey Biggart.     

Public versus private production and economies of scale

The cost of producing the same good often differs substantially for public and private producers. We investigate the effect of organization in a case where the production technology is simple: The cleaning of Danish schools. Three forms of organization are used: Decentral municipal, central municipal or private. For small schools the organizational form has little impact on cost. For larger schools decentral municipal production is the most expensive. On average centralization reduces costs by 5%, while privatization reduces costs by 30%. Similar cost differences are reported in the literature for other cases, but it is a new result that the cost differences are due to economies of scale. Public choice theories predict that cost differences are due to ownership or competition. We find evidence that both theories help explain the cost differences.     

Benefit adequacy in state workers' compensation programs

This article summarizes several different methods used to measure the adequacy of wage replacement in state workers' compensation systems in the United States. Empirical research casts serious doubt on benefit adequacy, especially in the case of more serious disabilities.