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As deregulation takes place in the UK, rent tribunals are confronted with the problem of setting a “market rent” for previously controlled property. A simple partial equilibrium model of a sector of the rented accommodation market is used to examine the question of setting a “market rent” in the controlled‐rent subsector. It is shown that setting the controlled rent equal to the rent prevailing in the uncontrolled part of the market is sub‐optimal, and a simple formula is suggested which will give a better estimate of the true free market rent.

This paper aims to verify the positive impact of legislative changes aimed at decontrolling the market on the entrepreneurial process of new companies’ creation. The entrepreneurial process has been analysed in the context of innovation, risk and market opportunities, which represent the three main approaches to entrepreneurship theories. The analysis is focussed on the social service sector in Finland.

The study is based on an ex post facto research design. The data are based on official statistics and the data bank of legislation. The case of Finland is used as an example for explaining the determinants of new company creation.

Legislative changes aimed at decontrolling the market seem to have a positive impact on the entrepreneurial process of new company creation. This influence is manifested in the form of market opportunities, risk bearing and the introduction of innovation. Of these three factors influencing the start-up process, the opportunities for market exploitation seem to have the greatest impact. In the Finnish social service sector, entrepreneurial opportunities are based on changes in the political structures that influence the market conditions. Entrepreneurs have also contributed to the opportunities by being active and innovative in filling any new gap in the market structures.

These results might be useful in the debate on policies supporting entrepreneurship. The example of the Finnish social service sector indicates that political changes in market regulations are a very effective method of supporting the process of entrepreneurship.

The paper is among the first to analyse both legislative changes and market changes affecting the entrepreneurial process, which indicates that the research is comprehensive. Second, legislative political actions to decontrol the market are a starting point in the discussion on the determinants of the entrepreneurial process. Third, the contribution of legislative changes in terms of market opportunities, innovation and risk bearing as avenues of influence on the entrepreneurial process is analysed.

This article sets out to explore whether right wing parties have made a difference to the way housing policy was formulated in the UK and Israel. Both countries provide similar examples of national approaches to housing policy. We shall review two policy developments, rent control and improving housing conditions in the inner cities.

The purpose of this paper is to revisit the growth mechanism of Indian sugar industry by deploying quantitative and qualitative metaphors.

The research paper has been composed through comprehensive primary research survey using a structured questionnaire, and qualitative discussion following semi- structured interviews with industry professionals on emerging issues across the whole value chain of sugar industry. Respondents regarding primary survey were selected using the purposive sampling, and this collected quantitative information has been verified on the lenses of multiple stream modelling (MSM).

To support the data analysis, MSM – a policy-making framework has been developed which found that government being a central construct exerts a profound presence across whole value chain; in suppliers’ mechanism, marketing of sugar and sugar mills’ infrastructural expansions. Nationwide uniformity in sugar policy instead of states’ monopolistic policies, rational and mutual benefits-based decisions collectively by the government, mills management and sugarcane growers, and diversification in production processes are enumerated as the proposed solutions against the chronical industry problems.

This study enriches extant Asian sugar industry literature. For policymakers, the proposed results should be of help in identifying specific policies to support the competitiveness of local systems and individual manufacturing companies in the Indian sugar industry suggesting that the development of growth mechanisms can contribute simultaneously to improve the financial, market and operational performance of both individual firms and supply chains.

Cyclicality in production, rising sugarcane farmers’ problems and resulting severe financial distress of mills are some of the topical issues of Indian sugar industry, and the study has explored these issues factually, quantitatively and qualitatively in proximity of industry professionals and described in this depository with the help of document analysis.

The purpose of this paper is twofold: first, the authors construct a country-specific time-varying private rental regulation index for 18 developed economies starting from 1973 to 2014. Second, the authors analyze the effects of their index on the housing rental markets across 18 countries and states.

The authors’ index not only covers 18 developed economies over 42 years but also combines both tenure security and rent laws. The authors’ empirical framework is that of panel regressions with time and country fixed effects.

The authors’ index sheds further insights on the extent to which rent and tenure security laws have converged over the past 40 years for each economy. Moreover, the authors show three empirical results. First, stringent rent control regimes do lead to lower real rent growth rates than regimes with free rents. Second, soft rent control regimes with time-limited tenure security and minimum duration periods, however, may cause higher rent growth rates than free rent regimes. Third, rent-free regimes do not show significant high real rent appreciation rates.

The authors’ rental regulation index is the first time-varying index that covers more than 18 economies over 40 years.

Forecasters have frequently been concerned with designing seasonal adjustment procedures that satisfy particular theoretical criteria (e.g. orthogonality, idempotency, symmetry, Lovell). In evaluating the merits of a particular technique, Monte Carlo studies are often undertaken and the results are then compared to those derived from the Census Bureau's X—11 routine (Wallis, Stephenson, Grether). However, many practical questions have not been addressed, such as to what extent can seasonal routines affect parameter estimates, forecast values, and policy scenarios? The purpose of this article is to focus upon these questions. Data from a short‐term petroleum demand model is seasonally adjusted six different ways. The seasonally adjusted data is then used to estimate the demand relationships of the model using the same structural equation in each case. The results of these estimations provide illuminating information about how seasonality affects parameter values. For policy purposes, this information can be crucial as various policies can be predicated upon an estimated response to a particular variable (e.g. the price of gasoline). The question answered here is how sensitive are the expected policy results to the type of seasonal routine employed in making the estimations.

Reports that transfer of ownership from government to private hands is touted as the only way to eliminate inefficiencies in the public sector. Argues that the alternative approach ‐ increasing competitive intensity through decontrol of restricted industries without changing ownership to private investors ‐ is likely to provide similar efficiency gains. Examines this hypothesis empirically in the context of state‐owned manufacturing enterprises in India that face effective competition from private sector firms. Shows, from analysis of variance of efficiency indicators of a longitudinal sample of 108 firms over the period 1988‐1992, that increasing levels of competition trigger corresponding increases in the overall level of technical efficiency of state‐owned enterprises that face competitive conditions. Provides a persuasive case for introducing competitive markets as an alternative to complete privatization, especially in monopolisitc settings.

In the post-industrial society, demand escalation for travels and tours led to the mobility of travellers and tourists en masse from cross sections of the society and caused tourism's dramatic growth making enormous makeovers in the national income of many states. Tourism, then, could be perceived by travel mobility paradigm. Increasing tourist mobility contributed to the growth of overtourism phenomenon at different destinations. Overtourism sets to be in opposition to responsible and sustainable tourism. Contradictory approaches towards carrying capacity, commodification and commoditisation set overtourism to be positioned so. The way of establishing control on cultural, natural and spatial capitals overlooking hosts' traditional interests, priorities and intentions like destination's economic development and sustenance also made overtourism placed in contrary to the responsible tourism. Contradictions do exist between overtourism and its counter-reactions and within the reactions. Consumerism and control over host capital in the counter-practices continue differently but in contradicting manners with the same magnitude of profit progression. Instead of mass consumerism, elite consumerism appears turning the mobility of organised mass tour packages to the tailor-made alternative tour packages. The contradictions within paradigms of overtourism's nature, aspects, causes and consequences were thus likely. Contradictions also prevail between uncontrolled or limitless and controlled or within limit mobility and activity; goals and means; growth and effect; control of entrepreneurs on tourism capital and local community involvement, etc. It defines parallel subsistence or continuation of contradictory forces. The dialectical nature of history led to make a synthesis of the existing and newly emerging mobility phenomenon. This chapter will locate how control and decontrol or delimiting and limiting of overtourism co-exist in contradiction and reconcile the contradiction to synthesis.

The purpose of the paper is to review the issues involved in determining the appropriate speed of adjustment and the sequencing of economic reforms, and to develop a checklist of key guidelines for policymakers as a basis for their decision‐making process.

The paper develops a conceptual framework based on a survey of the theoretical and empirical literature, and the practical experience of the authors in this area.

The analysis in the paper shows that the optimal speed and sequence of reforms is country‐specific. But key policy considerations can help guide policymakers in the design of their reform strategy.

The arguments favoring a shock approach or a gradual approach are not absolute. Each country has to choose the proper speed of adjustment and sequencing of reforms by examining country‐specific factors. A thorough case‐by‐case analysis is needed before a decision on the appropriate timing and sequencing of reforms can be made.

The analysis in the paper leads to key reform guidelines for policymakers – covering areas such as prerequisites and resource constraints, political economy considerations, credibility and sustainability of reforms – that are instrumental in developing a well‐sequenced strategy.

Discusses the misconceptions about just‐in‐time (JIT) manufacturing which have developed since its inception in the mid‐1960s and with respect to its application to at least four different manufacturing strategies: scale‐based, focused factories, variety‐driven and, now, time‐based. Outlines the core elements of the JIT concept and several of the primary misconceptions. Introduces a production‐distribution model to illustrate JIT practices in the context of industrial dynamics. If the essential paradigm of JIT and industrial dynamics is missed, this will lead many firms to erroneous application and conclusions about JIT′s effectiveness. JIT manufacturing in the EC has that potential. Provides a forecast of the probable effects and conditions within the Common Market.