23,686 research outputs found
Unintended consequences: local housing allowance meets the right to buy
No full textRecent rapid expansion of the Private Rented Sector (PRS) is recognised but the extensive involvement of ex local authority stock in this new PRS is not. This paper uses existing literature to outline the commodification processes through which Right to Buy (RTB) housing enters the PRS. Other published research is used to estimate a likely range of council to PRS tenure change over 30 years of RTB in the UK. Then using detailed data matching, we present one local authority example at individual dwelling level across the whole stock to establish the true scale of this transfer from council housing to private rental. Finally, to stimulate debate about the revenue cost of this switch of rental tenures we speculate on the additional annual cost of Housing Benefit support to this ex RTB stock given that the PRS is invariably more expensive than council renting for equivalent dwellings. This may well be over £1bn per year. We conclude that UK government’s plans to expand the RTB scheme will simply increase revenue costs year on year for no discernable social or housing supply benefit
Buy it now: A hybrid market institution
No full textThis paper analyzes seller choices and outcomes in approximately 700 Internet auctions of a relatively homogeneous good. The ‘Buy it Now’ option allows the seller to convert the auction into a posted price market. We use a structural model to control for the conduct of the auction as well as product and seller characteristics. In explaining seller choices, we find that the ‘Buy it Now’ option was used more often by sellers with higher ratings and offering fewer units; and posted prices were more prevalent for used items. In explaining auction outcomes, we find that auctions with a ‘Buy it Now’ price had higher winning bids, ceteris paribus, whether or not the auction ended with the ‘Buy it Now’ offer being accepted, possibly reflecting signaling or bounded rationality. We also find that posting prices, by combining ‘Buy it Now’ and an equal starting price, was an effective strategy for sellers in the sample.Market institutions; posted prices; auctions; e-commerce
Right to buy \u85 time to move? investigating the moving behaviour of right to buy owners in the UK
No full textWe gratefully acknowledge financial support from the Economic and Social Research Council (ESRC) (RES-000-22-2460). Part of the political argument in favour of the right to buy (RTB) was that it would stimulate the economy by encouraging the inter-regional mobility of those in public sector housing. This is the first study to examine whether RTB-owners are indeed more mobile than those in social housing. Using longitudinal data from the British household panel survey and panel regression models we show that the probability of a RTB-owner making a long distance move falls between that of social renters and owner occupiers. However, the difference between RTB-owners and homeowners or social renters is not significant. Social renters are significantly less likely to move over long distances than traditional owners. The results also suggest that RTB-owners are less likely than traditional owners to move for job related reasons, but more likely than social rentersUrbanismArchitectur
Histoire de la découverte des mondes nouveau et inconnu [cartographic material] /
No full textDouble globes showing northern and southern hemispheres.; In upper right margin: 149.; Text in left panel entitled Decouverte de la l'Amerique and text in right panel entitled Monde inconnu.; Plate 149 probably from: Atlas méthodique et elémentaire de géographie et d'histoire / Claude Buy de Mornas. Paris: L.C. Desnos, 1793.; Tooley's dictionary of mapmakers, 217.; Shirley, R. Maps in the atlases of the British Library, 309.; Also available in an electronic version via the internet at: http://nla.gov.au/nla.map-rm3966
The End of the Right to Buy and the Future of Social Housing in Scotland
No full textThirty-years after the introduction of the Right to Buy - the most successful example of housing privatisation policy in the UK - the current Housing (Scotland) Bill proposes to end the scheme for both new social housing tenants and new social housing. This paper considers the implications of these modernising reforms, in the context of housing policy divergence post-devolution. It concludes that these proposals are likely to have a significant, but mixed, impact on the future of the social rented sector in Scotland.
Make-or-Buy Decisions in Patent Related Services
No full textAmong the most prominent theoretical frameworks dealing with the economic underlyings of firms’ make-or-buy decisions are Transaction Cost Economics (TCE) and the Resourced Based View (RBV). Relying on panel data covering 107 European firms over eight years I test predictions from both TCE and RBV with regard to the outsourcing of patent related services simultaneously. Modelling the share of outsourced patent applications in a Negative Binomial Panel Regression Model I find joint explanatory power of both approaches. My findings support previous literature arguing for an integration of TCE and RBV to a comprehensive theoretical framework of firms make-or-buy decisions.outsourcing; patent attorney; make-or-buy; negative binomial panel regression
Make-or-Buy Decisions in Patent Related Services
No full textAmong the most prominent theoretical frameworks dealing with the economic
underlyings of firms’ make-or-buy decisions are Transaction Cost Economics (TCE) and the Resourced Based View (RBV). Relying on panel data covering 107 European firms over eight years I test predictions from both TCE and
RBV with regard to the outsourcing of patent related services simultaneously. Modelling the share of outsourced patent applications in a Negative Binomial Panel Regression Model I find joint explanatory power of both approaches. My findings support previous literature arguing for an integration of TCE and RBV to a comprehensive theoretical framework of firms make-or-buy decisions
Right to Buy… Time to Move? Investigating the Effect of the Right to Buy on Moving Behaviour in the UK
No full textOne of the goals of the Right to Buy (RTB) was to stimulate labour migration by removing the debilitating effect of social housing on geographical mobility. This is the first study to examine rigorously whether the Right to Buy legislation did indeed 'free-up' those in social housing who bought their homes. Using longitudinal data from the British Household Panel Survey (BHPS) and panel regression models we show that the probability of a RTB-owner making a long distance move falls between that of social renters and owner occupiers. However, the difference between RTB-owners and neither homeowners nor social renters is significant. Social renters are significantly less likely to move over long distances than traditional owners. The results also suggest that RTB-owners are less likely than traditional owners to move for job related reasons, but more likely than social renters.Right to Buy, residential mobility, migration, moving reasons, longitudinal data, United Kingdom
Supporting make or buy decision for reconfigurable manufacturing system, in multi-site context
No full textThe make or buy decision is a strategic issue. When looking for finding out which components or products should be manufactured in house or ex-ternalized, questions about the required human and technical resources as well as costs of the externalization are to be answered. In the case of mobile manufacturing systems that are movable between various locations, long term strategic considerations must be considered when addressing the make or buy decision problem. This paper aims to provide a structured make or buy decision model, adapted for reconfigurable manufacturing systems with strong mobility constraints. Industrial application case is provided to illustrate the presented method
When Do Input Prices Matter For Make-Or-Buy Decisions?
No full textWe investigate input pricing regimes that induce efficient make-or-buy decisions by entrants when there is constant returns in the production of the input(s) and simultaneous noncooperative price competition in downstream retail markets. A necessary and sufficient condition for efficient make-or-buy decisions is derived. This condition shows that input prices are relevant for make-or-buy decisions except under restrictive and often unverifiable assumptions on the demand structure, and that the least informationally-demanding way to ensure efficient make-or-buy decisions is to price inputs at marginal cost. The extent to which input prices can depart from marginal cost while still inducing efficient make-or-buy decisions depends on the relative efficiency of the incumbent and the demand displacement ratio, with significant departures possible even for modest efficiency differences when products are nearly homogeneous.Input Pricing Policy, Productive Efficiency.
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