Stakeholder activism, managerial entrenchment, and the congruence of interests between shareholders and stakeholders

We argue that when stakeholder protection is left to the voluntary initiative of managers, concessions to social activists and pressure groups can turn into a self-entrenchment strategy for incumbent CEOs. Stakeholders other than shareholders thus benefit from corporate governance rules putting managers under a tough replacement threat. We show that a minimal amount of formal stakeholder protection, or the introduction of explicit covenants protecting stakeholder rights in the firm charter, may deprive CEOs of the alliance with powerful social activists, thus increasing managerial turnover and shareholder value. These results rationalize a recent trend whereby well-known social activists like Friends of the Earth and active shareholders like CalPERS are showing a growing support for each other's agendas.

Endogenous population subgroups: the best population partition and optimal number of groups

The aim of this paper is to suggest a method to find endogenously the points that group the individuals of a given distribution in k clusters, where k is endogenously determined. These points are the cut-points. Thus, we need to determine a partition of the N individuals into a number k of groups, in such way that individuals in the same group are as alike as possible, but as distinct as possible from individuals in other groups. This method can be applied to endogenously identify k groups in income distributions: possible applications can be poverty

Equilibrium play and best response to (Stated) beliefs in constant sum games

We report experimental results on one-shot two person 3x3 constant sum games played by non-economists without previous experience in the laboratory. Although strategically our games are very similar to previous experiments in which game theory predictions fail dramatically, 80% of actions taken in our experiment coincided with the prediction of the unique Nash equilibrium in pure strategies and 73% of actions were best responses to elicited beliefs. We argue how social preferences, presentation effects and belief elicitation procedures may influence how subjects play in simple but non trivial games and explain the diferences we observe with respect to previous work.

Turkey's accession to the EU: interests, ideas and path dependence

The paper is divided into four sections. The first offers a critical assessment of explanations of both rationalist and constructivist approaches currently dominating European studies and assesses the notion of path dependence. The second and third sections analyse the role of both material interests and polity ideas in EU enlargement to Turkey, and conclude that explanations exclusively based on either strategic calculations or values and identities have significant shortcomings. The fourth section examines the institutional path of Turkey's candidacy to show how the course of action begun at Helsinki restricted the range of possible and legitimate options three years later in Copenhagen.

What works best for getting the unemployed back to work: employment services or small-business assistance programs? evidence from Romania

Recent empirical evidence has found that employment services and small-business assistance programmes are often successful at getting the unemployed back to work. Â One important concern of policy makers is to decide which of these two programmes is more effective and for whom. Â Using unusually rich (for transition economies) survey data and matching methods, I evaluate the relative effectiveness of these two programmes in Romania. Â While I find that employment services (ES) are, on average, more successful than a small-business assistance programme (SBA), estimation of heterogeneity effects reveals that, compared to non-participation, ES are effective for workers with little access to informal search channels, and SBA works for less-qualified workers and those living in rural areas. Â When comparing ES to SBA, I find that ES tend to be more efficient than SBA for workers without a high-school degree, and that the opposite holds for the more educated workers.

Planificación de aplicaciones best-effort y soft real-time en NOWs

La aparición de nuevos tipos de aplicaciones, como vídeo bajo demanda, realidad virtual y videoconferencias entre otras, caracterizadas por la necesidad de cumplir sus deadlines. Este tipo de aplicaciones, han sido denominadas en la literatura aplicaciones soft-real time (SRT) periódicas. Este trabajo se centra en el problema de la planificación temporal de este nuevo tipo de aplicaciones en clusters no dedicados.

Codes of best practice in competitive markets for managers

We study firms' corporate governance in environments where possibly heterogeneous shareholders compete for possibly heterogeneous managers. A firm, formed by a shareholder and a manager, can sign either an incentive contract or a contract including a Code of Best Practice. A Code allows for a better manager's control but makes manager's decisions hard to react when market conditions change. It tends to be adopted in markets with low volatility and in low-competitive environments. The firms with the best projects tend to adopt the Code when managers are not too heterogeneous while the best managers tend to be hired through incentive contracts when the projects are similar. Although the matching between shareholders and managers is often positively assortative, the shareholders with the best projects might be willing to renounce to hire the best managers, signing contracts including Codes with lower-ability managers.

Preliminary study of cooperation in hybrid ad-hoc networks

In this paper, we present a first approach to evolve a cooperative behavior in ad hoc networks. Since wireless nodes are energy constrained, it may not be in the best interest of a node to always accept relay requests. On the other hand, if all nodes decide not to expend energy in relaying, then network throughput will drop dramatically. Both these extreme scenarios are unfavorable to the interests of a user. In this paper we deal with the issue of user cooperation in ad hoc networks by developing the algorithm called Generous Tit-For-Tat. We assume that nodes are rational, i.e., their actions are strictly determined by self-interest, and that each node is associated with a minimum lifetime constraint. Given these lifetime constraints and the assumption of rational behavior, we study the added behavior of the network.

Why the EU does not Have an Independent Competition Agency: French Interests and Transaction Costs in Early European Integration

A major achievement of new institutionalism in economics and political science is the formalisation of the idea that certain policies are more efficient when administered by a politically independent organisation. Based on this insight, several policy actors and scholars criticise the European Community for relying too much on a multi-task, collegial, and politicised organisation, the European Commission. This raises important questions, some constitutional (who should be able to change the corresponding procedural rules?) and some political-economic (is Europe truly committed to free and competitive markets?). Though acknowledging the relevance of legal and normative arguments, this paper contributes to the debate with a positive political-scientific perspective. Based on the view that institutional equilibria raise the question of equilibrium institutions, it shows that collegiality was (a) an equilibrium institution during the Paris negotiations of 1950-51; and (b) an institutional equilibrium for the following 50 years. The conclusion points to some recent changes in the way that European competition policy is implemented, and discusses how these affect the “constitutional” principle of collegial European governance.

Manipulability in matching markets: conflict and coincidence of interests

We study comparative statics of manipulations by women in the men-proposing deferred acceptance mechanism in the two-sided one-to-one marriage market. We prove that if a group of women employs truncation strategies or weakly successfully manipulates, then all other women weakly benefit and all men are weakly harmed. We show that our results do not appropriately generalize to the many-to-one college admissions model.

Los sistemas participativos en las políticas de gestión de RSU: ejemplos de best-practices y el caso español

En el presente estudio se analizan los sistemas de gestión de RSU de Alemania, Noruega y California, considerados best-practices, desde la perspectiva de la creación de las políticas que los han hecho posibles. De este análisis se destacan como elementos importantes el liderazgo institucional, los acuerdos con la industria y el debate social. Posteriormente se analiza el caso de España y de Cataluña, comparándolo con los casos destacados y los elementos seleccionados. En este análisis se sigue la evolución de su legislación, planes y programas y se consideran los elementos que definen el panorama actual. Finalmente, siguiendo las recomendaciones de diversos autores y la voluntad del actual programa catalán, se plantea un sistema participativo para la elaboración de estas políticas.

Visió general i anàlisi de xarxes socials

El projecte realitza una visió general de les xarxes socials que existeixen actualment a Internet i analitza detalladament les característiques de set xarxes molt importants (Facebook, Twitter, LinkedIn, V Kontakte, MySpace, Tuenti, Flickr) amb l'únic objectiu de facilitar a l'usuari habitual la millor selecció pels seus interessos.

Estudio sobre la recepción del modelo de best seller norteamericano en los best sellers europeos. Los casos de Francia y España.

L’objectiu d’aquest projecte és analitzar la qualitat literària dels best sellers i observar les limitacions d’aquest anàlisi. Deguda la complexitat del fenòmen best seller, i tot i ser conscients de que són obres que s’han d’abordar des d’una perspectiva pluridisciplinar, vam decidir començar aquest projecte analitzant tres best sellers espanyols des de la metodologia de l’estilística i de la narratologia. Les obres analitzades són 'La sombra del viento' de Carlos Ruiz Zafón, 'Un milagro en equilibrio', de Lucía Etxevarría, i 'El capitán Alatriste', de Pérez Reverte, i l’anàlisi és de tipus quantitatiu, de les estructures emprades per a l’expressió de lo metafòric, dels personatges, trames i tòpics. Les conclusions varen ser que, des d’un punt de vista estilístic, es pot demostrar la mala qualitat literària d’aquestes obres, així com la seva relació amb la tradició del gènere del folletí, amb el que comparteixen moltes característiques. Tanmateix, una altra de les conclusions de l’estudi fou que abordar el best seller des de l’estilística no ofereix una visió completa d’aquest fenòmen. Aquest projecte doncs, que té per títol “Estudio estilístico de tres casos de best seller en el ámbito español: 'La sombra del viento', 'Un milagro en equilibrio' y 'El capitán Alatriste'” ha d’ampliar-se en catàleg i en metodologia, adoptant vàries perspectives simultàneament, que ofereixin una visió adecuada de la complexitat del fenòmen. El catàleg s’ha extès a 15 obres en l’àmbit espanyol, i a 15 més en l’àmbit francès, durant el 2008, i la perspectiva multidisciplinar engloba estudis culturals, de recepció i sociologia. Des d’aquesta nova base metodològica i teòrica, s’han realitzat 500 enquestes a lectors a Barcelona i a París, en diferents punts de venta de llibres, durant el 2010.

MIinimal N-point diameters and f-best-packing constants in Rd[superindex]

Vegeu el resum a l'inici del document de l'arxiu adjunt

COIM-BEST main contributions for a better joint response

El projecte COIM-BEST ha investigat com, per mitjà de la formació, es pot millorar la coordinació entre múltiples agències per fer front a les situacions crítiques que es produeixen en les grans emergències. Entre les conclusions de l’estudi COIM-BEST, que ja ha rebut bones valoracions per part de la comissió europea, es destaca la necessitat d’una bona coordinació entre els cossos i agents que participen en la gestió de les grans crisis, generar una confiança entre aquests actors, harmonitzar la formació i una bona articulació de les categories de comandament que es fan càrrec de la direcció de la gestió de l’emergència. El projecte COIM-BEST s'emmarca en el Programa per a la prevenció, preparació i gestió de les conseqüències del terrorisme i altres riscos relacionats amb la seguretat (CIPS) de la Direcció General de Justícia, Llibertat i Seguretat de la Comissió Europea i compta amb la col·laboració de l‘Institut de Seguretat Pública de Catalunya, la Fondazione per la Ricerca sulle Migrazione e Integrazione delle Tecnologie (FORMIT), el Global Law Enforcement Institute i la Universitat Politècnica de Catalunya