Banking regulation,regulatory capture and inequality

Public Choice - Regulation of the banking and finance industry may lead to a more equal distribution of income if regulators pursue goals in the public interest. Alternatively, the economic theory...     

Government Promotion of Corporate Social Responsibility: Evidence from the EU Eco‐Management and Audit Scheme

Governments play an active role in promoting corporate social responsibility and specifically environmental management system (EMS) programs, but few studies have examined the impact of such support on the decision of businesses to adopt EMS programs. We ask two questions in this paper: how does government support for EMS programs affect adoption of such programs? Second, what effect does this government support have on the pace of adoption of such programs? The answer to the first question can reveal how effective government programs are in boosting membership in EMS programs. The answer to the second reveals to what extent businesses within EU member states are converging upon particular EMS standards. We examine these questions in the context of the European Union’s Eco‐Management and Audit Scheme (EMAS), 2010–2014. There is significant variation in government support of EMAS across the EU and at the same time, EMAS competes for business attention with the more established ISO 14001. Our quantitative and qualitative analyses therefore reveal the effectiveness of government programs in boosting adoption, but also to the extent to which such programs cause convergence upon EMAS in the face of a competing standard such as ISO 14001.     

Hybrid Strategies: The American Experience

The United States has never followed only one grand strategy at a time. In this article, I develop the concept of “hybrid” grand strategies—strategies that vary by time and place, and combine the advantages (or disadvantages) of pure strategic archetypes such as containment, integration, regime change, bargaining, or non-intervention. I argue that hybrid strategies have been ubiquitous in American history, varying more by emphasis and degree than by absolute contrast. Moreover, U.S. hybrid strategies have often succeeded in accomplishing their major goals.     

The decomposition of rabbit carcasses and associated necrophagous Diptera in Kuwait

Rabbit carcasses were used to compare rates of decomposition and associated assemblages of Diptera at four discernable habitat types in Kuwait; a country of a region with a paucity of such reference data. Carcasses in an urban habitat showed faster decomposition (as measured by percentage weight loss) than in agricultural, coastal or desert habitats, even with accumulated degree days (ADD) as the explanatory variable (t=2.73, df=34, p=0.010) to compensate for temperature differences. Taxa of Diptera at the four habitats became more similar as decomposition progressed, suggesting such differences between habitats were not marked. The occurrence of Chrysomyia megacephala and Lucilia sericata had not previously been recorded in Kuwait.