Bequests, sibling rivalry, and rent seeking

We examine bequest-sharing rules where sibling rivalry creates wasteful competition for intergenerational transfers. We show that equal division of bequests minimizes rent-seeking expenditures by siblings while primogeniture maximizes rent-seeking costs. Our results lend theoretical support to the empirical findings of equal bequests without appeal to complex models of the parent-child relationship.     

Evaluation of a community-based intervention to enhance road safety

A total of 300 motorists were recruited at public places to answer a self-report questionnaire on a new community-based intervention to enhance road safety. The intervention consisted of a speed-displaying device that was mounted next to the road and was visible to both motorists and the public. The device gives feedback about the current speed of the motorist. The majority of motorists believed these devices influenced compliance with the speed limit. They indicated they approached locations with these devices more slowly than similar locations without such devices. Moreover, they slowed down if they were going faster than the speed limit. They also said that their reaction to the devices was not influenced by whether they were driving in a community where they had friends or in a community where nobody knew them. These results were consistent across gender, age, levels of education, and professions.     

Technology transfer in a diversified, Global Manufacturing Company

Technology transfer is one manifestation of a corporate culture of innovation at 3M that includes elements of reward and recognition, emphasis on communication and a toleration of mistakes as learning experiences, not occasions for punishment. Within this context, the company's microreplication technology offers an example of what can be accomplished. The technology involves making microscopic changes to the surface of materials, which influence their behavior. It was developed in the 1960s to produce the lightweight and inexpensive plastic fresnel lenses that made possible the first economical overhead projectors for classroom and business use. Since then, many additional applications have been discovered. These include brightness-enhancement films for laptop computer screens, brighter reflective materials for highway safety, super-abrasives for microfinishing of precision metal parts and even a mechanical fastener for disposable diapers. Many additional applications are anticipated as the company's scientists continue to refine their understanding of the technology.     

Non‐Departmental Public Bodies Under the Howard Governments1

There has been both continuity and change in the use of non‐departmental public bodies (NDPBs) during the Howard years. In terms of continuity, the statutory authority and its incorporated version, the statutory corporation (in whose development late 19th and early 20th century Australian governments played such an important part), have remained in wide use. In terms of change, however, two other NDPB forms offered some challenge to its popularity. The government‐owned company came to be a preferred form for government business enterprises (GBEs) and, more recently, for many other non‐commercial public activities as well. And the executive agency, first making its Australian appearance in 1999, seemed initially to be another significant challenger, but its numbers, never great, were soon cut back. The article examines these trends, relating them to several relevant systemic inquiries and policy changes, notably the Humphry review of the governance of GBEs, the final settlement (in 1997) of the package of financial management acts, the Uhrig inquiry of 2003 and the system‐challenging pressures that have followed it. Commonwealth participation in joint (Commonwealth/subnational and Commonwealth/private) activities is also noted, as is the lack of ‘fit’ of the Australian experience with international theorising about ‘agencification’. Finally, the article seeks to identify the leading figures within the Howard governments who have been directing both the changes and the continuities involved in these developments.     

Informational limits to democratic public policy: The jury theorem, yardstick competition, and ignorance

Condorcet’s jury theorem provides a possible explanation for the success of democracies relative to other forms of government. In its modern form, the jury theorem predicts that majority decisions are well informed, because they are based upon far more information than possessed by any single individual. On the other hand, it is evident that democratic politicians and policies are not always as good as the jury theorem implies they should be. This paper uses simulated elections to explore the power and limitations of majority rule as an estimator of candidate quality or policy effectiveness. The simulations demonstrate that slightly informed voters can make very accurate choices among candidates using majority rule. However, as the ratio of slightly informed voters relative to ignorant voters falls, the accuracy of majority decisions declines. The latter implies that institutions, policies, and technologies that promote the dissemination of information also tend to improve the efficiency of democratic governance.