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This paper aims to explore the impact of a recent earthquake activity on house prices and their spatial distribution in the Istanbul housing market.

The paper uses a multi-level approach within an event study framework to model changes in the pattern of house prices in Istanbul. The model allows the isolation of the effects of earthquake risk and explores the differential impact in different submarkets in two study periods – one before (2007) and one after (2012) recent earthquake activity in the Van region, which although in Eastern Turkey served to alter the perceptions of risk through the wider geographic region.

The analysis shows that there are variations in the size of price discounts in submarkets resulting from the differential influence of a recent earthquake activity on perceived risk of damage. The model results show that the spatial impacts of these changes are not transmitted evenly across the study area. Rather it is clear that submarkets at the cheaper end of the market have proportionately larger negative impacts on real estate values.

The robustness of the models would be enhanced by the addition of further spatial levels and larger data sets.

The methods introduced in this study can be used by real estate agents, valuers and insurance companies to help them more accurately assess the likely impacts of changes in the perceived risk of earthquake activity (or other environmental events such as flooding) on the formation of house prices in different market segments.

The application of these methods is intended to inform a fairer approach to setting insurance premiums and a better basis for determining policy interventions and public investment designed to mitigate potential earthquake risk.

The paper represents an attempt to develop a novel extension of the standard use of hedonic models in event studies to investigate the impact of natural disasters on real estate values. The value of the approach is that it is able to better capture the granularity of the spatial effects of environmental events than the standard approach.

The purpose of this paper is to renew a research agenda considering the impact that information providers’ processes are having on the housing market; in particular to develop a research agenda around the role of the Internet in shaping households’ perceptions of the spatial nature of housing markets.

This paper reviews the existing literature. It uses preliminary extensive survey findings about the role of the Internet in housing search to hypothesise ways in which households may be affected by this transition.

Not applicable – other than evidence for the growth in the importance of the Internet in shaping households’ housing search.

First, the academy needs to readdress the theory surrounding information acquisition and use insights from economics, sociology and psychology to understand these processes. Second, local authorities and academics should analyse the impact of Internet use on housing market boundaries (and the profound subsequent impact on policy traction). Third, estate agents should reconsider the role of the Internet in shaping housing markets and provide a critical response to the large property search engines.

This paper reviews the literature and explores the necessity of a renewed interest in research on the role of information sources in framing and constraining housing search behaviour.

Nations are currently facing two big movements: globalization of the market and need for increasing competitiveness. Liberalization and deregulation in international trade, finance and investment have drastically reduced global transaction costs and advanced the integration of global markets. But they have simultaneously restricted a range of domestic economic policy options. Despite so, national competitiveness has to be continuously cultivated, so that a nation can fully make use of comparative advantages in the global market. Then, strongly embedded in socio‐economic conditions, national competitiveness requires highly efficient and effective systems of production that match both domestic socio‐economic and global market conditions. Globalization of the market and developing national competitiveness are basically contradictory: globalization compels the development of mechanisms to generate allocative‐efficiency, while national competitiveness requires the development of systems that strengthen national capability and optimize X‐efficiency embedded in socio‐economic conditions. Coping with the two contradictory trends requires the open and flexible adaptation of existing systems to global market conditions, resulting in path dependent globalization. Recent financial deregulation in Japan is a good example, that shows a painful process of path dependent globalization, maintaining national competitiveness while openly and flexibly transferring socio‐economic conditions to suit to new global conditions.

Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.

Internationalization is of high relevance and has been discussed intensively. However, different internationalization paths have been proposed by theoretical models and have been observed in reality. In this study, we examine the internationalization path of 52 German firms over a period of ten years using comprehensive and rich data on all new ventures established by these companies within this period. We find four distinct patterns of internationalization and propose a stage model of internationalization based on these findings. Our results show different challenges for managers depending on the stage of internationalization and render interesting starting points for further research.

The tremendous advancements that have recently occurred in computer technology, including central processing speed and low‐cost, high‐density mass storage, provide great potential benefits for individuals and for society. However, enhanced computer capabilities also can pose a major threat to individuals, if misused by governmental agencies, corporations, organized crime, and other entities. A number of computer‐based systems currently pose a threat to individual freedoms. This threat can increase greatly in the future if vigilant oversight is not constantly directed toward the control and prevention of misuse of databases. This is the first of three articles that will address the issues of personal privacy and the threat of the computer.

Robin Hood had clearly now become a serious problem. Previously he had been known for taking from the rich, giving to the poor and fighting against injustice and tyranny. Much of the proceeds of his robberies had also gone towards raising a ransom to free Richard the Lionheart from an Austrian dungeon where he had been imprisoned by Leopold V of Austria on his return home from the Third Crusade. When Richard returned to England, taking back his rightful place on the throne, all had been well for a number of years. However with Richard restored to the throne, Robin had lost his purpose in life. There was no longer any justification for living as an outlaw in Sherwood Forest or for robbing the rich, and so Robin had grown old and disillusioned. After a while, the carriages carrying the King's tax revenues in the Nottinghamshire area had begun to be attacked again. The raids were well planned and executed and the modus operandi bore a distinct resemblance to the raids carried out by Robin's band in the years when they had been outlaws.

“Since films attract an audience of millions, the need and appetite for information about them is enormous.” So said Harold Leonard in his introduction to The Film Index published in 1941. The 1970's has produced more than enough — too much — food to satisfy that appetite. In the past five years the number of reference books, in this context defined as encyclopedias, handbooks, directories, dictionaries, indexes and bibliographies, and the astounding number of volumes on individual directors, complete histories, genre history and analysis, published screenplays, critics' anthologies, biographies of actors and actresses, film theory, film technique and production and nostalgia, that have been published is overwhelming. The problem in film scholarship is not too little material but the senseless duplication of materials that already exist and the embarrassing output of items that are poorly or haphazardly researched, or perhaps should not have been written at all.

A two‐year inquiry was commissioned by the American Business Conference (ABC) and conducted by McKinsey & Company, Inc., to explain how and why certain midsized growth companies have outpaced the nation in sales, profits, jobs, and exports. The study was based on an extensive literature search, several large data bases (PIMS, Compustat, and Dun & Bradstreet), and a survey. However, it was some sixty informal in‐depth interviews with ABC members—in some cases founders and always current leaders—that provided most of the unconventional and provocative insights.