Public promotion of new technology ventures: an agency perspective

Abstract: Understanding the proper role of government in the promotion of small technology-oriented firms is a priority given the potential benefits to society as a whole and the inability of traditional market mechanisms to adequately nurture such firms. Further, designing the appropriate public policies to sufficiently satisfy the involved stakeholders has typically proven to be an elusive pursuit. With these issues in mind, this paper applies the concept of agency theory to evaluate government programs seeking to promote technology start-ups. A new program associated with the Innovation Ontario Corporation, which utilizes equity joint ventures between government and small technology-oriented firms, is described and evaluated using the agency perspective. Suggestions are made for further inquiry and analysis. Sommaire: Il importe de cerner le rôle adéquat du gouvernement dans la promotion des petites entreprises technologiques, étant donné, d'une part, les avantages potentiels pour la société dans son ensemble, et d'autre part, l'incapacité des mécanismes classiques du marchéà favoriser comme il le faut l'évolution de ces entreprises. De plus, en régle générale, les efforts visant àélaborer des politiques publiques appropriées et satisfaisantes pour les intervenants en question se sont révélés aléatoires. Compte tenu de tout cela, le présent article applique la théorie des agences pour évaluer les programmes gouvemementaux qui visent à faciliter le démarrage d'entreprises technologiques. Nous décrivons et nous évaluons ici, dans la perspective des agences, un nouveau programme associéà la Société Innovation Ontario, qui fait appel aux co-entreprises avec participation au capital pour le gouvernement et les petites entreprises technologiques. Nous proposons aussi des suggestions pour des enquêtes et analyses plus poussées.     

Effects of authoritarian and libertarian values on Conservative and Labour party support in Great Britain

Abstract. While there is strong evidence that a libertarian-authoritarian dimension exists in Great Britain, there is only weak evidence that it contributed to the Conservative Party's electoral victories in 1979, 1983, and 1987. The present paper addresses this empirical divergence by presenting new evidence. Using a multivariate statistical analysis of British respondents in the 1979–1987 Eurobarometers, the paper estimates the impacts of political values and class-based demographic characteristics on individual-level support for the Conservative and Labour parties. The multivariate model is estimated separately for each year in order to compare the explanatory variables' effects over time. The paper's findings demonstrate that authoritarian and libertarian values significantly influenced party support, with the strongest effects occurring in 1983 and 1984. In addition, they show that class-based support was negatively correlated with value-based support during 1979–1987.     

On the political economy of state highway expenditures: Some evidence of the relative performance of alternative public choice models

This paper explores the extent to which the public demand for roads and/or power of special interest groups determines road expenditures at the state level using an extension of the methodology developed in Congleton and Shughart (1990). Reduced form models of median voter demand, special interest group equilibria, and a combined model are estimated using cross-sectional state data from the United States. We generally find support for the hypothesis that voting matters. The pure median voter models have a better fit than the pure special interest group models. Moreover, in our combined model, we find that variables from the median-voter model can not be dropped without significantly reducing the combined model's fit.     

MINISTERIAL STAFF IN AUSTRALIAN COMMONWEALTH GOVERNMENT

Abstract: This study examines the ministerial staff in Australian commonwealth government to discover what they do and how they assist ministers in achieving political control of departments. The data consist of interviews with ministers, departmental secretaries and ministerial staff. The study finds that ministerial staff offer policy advice in much the same way as found by James Walter in his study almost a decade before this one. But there does appear to be more emphasis on monitoring departmental implementation of policy and brokering positions within government than was the case in the earlier study. The study concludes that the relationship between ministers and their offices and the departmental secretaries is characterised by a conditionally cooperative approach, which is similar to that recommended by several public administration scholars.     

The earnings test and the short-run work response to its elimination

Eliminating the earnings test will have different effects on the work effort of persons aged 65-69, depending on whether or not they are currently working or currently receiving Social Security benefits. This article reviews the development of the earnings test and examines the theoretical implications on work effort of removing the test for members of this age group. It looks at the Current Population Survey (CPS) data to determine how many persons aged 65-69 have characteristics that can be identified with groups that would theoretically increase, decrease, or not change their work effort should they no longer be subject to the earnings test. This analysis suggests that at least 80 percent, and perhaps more than 90 percent, of the 9.7 million persons aged 65-69 will not change their level of work effort if the earnings test is eliminated. Individuals who would modify their hours worked and earnings are fairly evenly split among those who would increase, decrease, or have an undetermined direction of change in their work effort.     

FCC v. The States: Who Shall Regulate Intrastate Telecommunications?

The 1934 Communications Act established a dual system of federaland State telecommunications regulation. The act gave the FederalCommunications Commission (FCC) authority to regulate interstateand foreign telecommunications but not intrastate communications,a market reserved for the states. As part of its move to deregulatethe telecommunications market in the 1970s, the FCC sought toextend its jurisdiction by preempting state regulatory authorityover telecommunications activities traditionally consideredintrastate. In 1986, however, the U.S. Supreme Court, in itsdecision in Louisiana Public Service, restricted federal preemptionof state laws and reinforced the dual regulatory system. Withthe break-up of AT&T, the FCC has renewed its preemptionactivities, claiming that the preemption is necessary in orderto foster an efficient nationwide telecommunications system.Several cases now pending in federal courts will test the breadthand depth of the Supreme Court's holding in Louisiana PublicService, and thereby, the future of the dual regulatory system.     

Development and evaluation of a survey-based type of benefit classification for the Social Security program

This attempt to classify Social Security beneficiaries by type of benefit using the new Survey of Income and Program Participation (SIPP) has yielded promising results. Evaluations of the classification algorithm based on comparison of the estimated number of beneficiaries in each of the several categories to independent estimates of the number of beneficiaries indicate that in most instances a high percentage of each category has been identified. For the most part, age and monthly benefit amount size distributions seem reasonable. Furthermore, very few persons in the sample who were identified as Social Security beneficiaries could not be assigned to one or another of the benefit groups. The classification procedure also represents a marked improvement over earlier efforts to classify type of beneficiary that relied on data from the March Supplement to the Current Population Survey (CPS). Most importantly, the benefit classification scheme based on SIPP data appears to provide reasonably reliable distinctions between retired-worker and widow benefits for widowed women and permits the identification of retired-worker benefits for those women dually entitled to retired-worker and spouse benefits. In addition, the distinction between disabled- and retired-worker benefits for recipients aged 62-64 appears to be reasonably reliable, and for women under age 65, the classification procedure distinguishes between disabled-worker benefits on the one hand and widow and widowed mother benefits on the other. Finally, SIPP procedures for identifying minor child beneficiaries yield markedly better estimates than those available from the Current Population Survey. These improvements in the SIPP context are due entirely to the presence of information not collected in the CPS. The enhancement of the SIPP data set in turn resulted directly from an assessment of earlier work carried out by Projector and Bretz in the CPS context and on extensive research into the nature of Social Security reporting errors in the CPS. The superiority of the SIPP data set is linked principally to the presence of three pieces of information: the Medicare BIC, the direct question on reasons for benefit receipt asked of persons under age 65, and the direct measurement of recipiency and amount of benefits for minor children. Other items of some import include self-reported work disability, retirement status (ever retired from a job), previous marital status for currently married women, age first prevented from working due to a health condition, and Supplemental Security Income misreporting items.(ABSTRACT TRUNCATED AT 400 WORDS)