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I review the burgeoning literature on applications of Markov regime switching models in empirical finance. In particular, distinct attention is devoted to the ability of Markov Switching models to fit the data, filter unknown regimes and states on the basis of the data, to allow a powerful tool to test hypotheses formulated in light of financial theories, and to their forecasting performance with reference to both point and density predictions. The review covers papers concerning a multiplicity of sub-fields in financial economics, ranging from empirical analyses of stock returns, the term structure of default-free interest rates, the dynamics of exchange rates, as well as the joint process of stock and bond returns.

Analyses the evolution of China’s telephone and cable systems, in terms of the public interest, discussing current bureaucratic conflicts and policy debates over convergence, and construction of an independent broadband cable network. Looks in depth at China’s problems and the different problems for its citizens with regard to poverty levels and access to the Web.

Nobody concerned with political economy can neglect the history of economic doctrines. Structural changes in the economy and society influence economic thinking and, conversely, innovative thought structures and attitudes have almost always forced economic institutions and modes of behaviour to adjust. We learn from the history of economic doctrines how a particular theory emerged and whether, and in which environment, it could take root. We can see how a school evolves out of a common methodological perception and similar techniques of analysis, and how it has to establish itself. The interaction between unresolved problems on the one hand, and the search for better solutions or explanations on the other, leads to a change in paradigma and to the formation of new lines of reasoning. As long as the real world is subject to progress and change scientific search for explanation must out of necessity continue.

This work aims to identify the characteristics of the coproduction of the common good, or public services, from the models of public administration found in projects awarded by the United Nations, specifically in the 2014 United Nations Public Service Award (UNPSA) category of “encouraging participation in public policy decisions through innovative mechanisms.” This multicase documentary analysis uses a typology of coproduction adapted from Salm and Menegasso (2010), which integrates several typologies of public participation. The revised typology includes five models of coproduction – community-led coproduction, state-led coproduction, self-interested coproduction, symbolic coproduction, and manipulative coproduction. The typology is used in the analysis of two United Nations award-winning projects in 2014: a community participation project for the effective management of malaria at Tha Song Yang in Thailand and the Intercouncil Forum in Brazil. This first case displays a preponderance of the self-interested coproduction ideal type, due to its focus on efficiency and delivery effectiveness of the service. The second case displays a preponderance of the symbolic coproduction ideal type due to its use of consultation practices to give the impression that there is direct participation in the decision-making, without substantive effect on the outcomes. Based on this analysis, recommendations are made for revising the criteria used by the UNPSA to ensure that projects with similar participation to those in the state-led and community-led coproduction models are awarded in the future.

New institutionalisms in economic and organizational sociology need grounding in theories of capitalism. Comparative studies show that multiple, viable forms of capitalism have been constructed through the interplay of institutions, mobilizations of political power, and state policies. Further theoretical development requires attention to the contradictions of capitalism. Promising theoretical sources for this task are examined. The political process produces new forms of capitalist institutions, but contradictions built into those institutions cannot be fully resolved and provide the basis for new acts of social construction and power mobilization. The power and cultural arguments of the comparative institutionalists are joined, at least in aspiration, to theories of capitalist contradictions.

Investigates the differences in protocols between arbitral tribunals and courts, with particular emphasis on US, Greek and English law. Gives examples of each country and its way of using the law in specific circumstances, and shows the variations therein. Sums up that arbitration is much the better way to gok as it avoids delays and expenses, plus the vexation/frustration of normal litigation. Concludes that the US and Greek constitutions and common law tradition in England appear to allow involved parties to choose their own judge, who can thus be an arbitrator. Discusses e‐commerce and speculates on this for the future.

This paper explores, using information theoretic concepts, the problem of how organizations should be structured in order to minimize the loss and distortion of information. Account is taken of the fact that the objectives of the collectors of information may be different from those who need the information to help them make decisions. The benefits to be obtained from such innovations as liaison roles, task forces, etc., have been explained and the advantages and disadvantages of a product‐based organization over a functional‐based organization examined.

How do traditional state interests fit into a new Europe in which globalization may seem to render them irrelevant? Globalization is often thought of as undermining the sovereignty of states. States are forced to work through multilateral institutions in a globalizing world, which may seem to render states largely irrelevant. As this chapter will show, though, some countries are able to use multilateral institutions (such as the European Union, EU) as a new arena to advance their national goals. Germany is a classic example of such a state. Since its history of aggression has left the country distrusted by its neighbors, Germany has found that it can best advance its national goals by embedding them in multilateral processes – such as European integration.

The following chapter will examine this process by focusing on one case: the role of German–Polish relations in the 2004 expansion of the EU. After an introductory section, the chapter will first focus on Germany's goals, showing how it hoped that expansion would further German national interests, including its economic and security needs and the historical necessity of atoning for the Second World War. Yet Berlin also was careful to avoid overt unilateral actions, working carefully through the EU to advance its agenda. Next, the chapter will trace Germany's actions, showing how it worked to support the 2004 expansion and Poland's inclusion in it, often over the objections of some of its EU partners. Finally, the chapter will detail the outcome of the process, showing that the results were positive for both Germany and Poland, as well as for the overall cause of European integration. Thus, for the Germans at least, the seeming dichotomy between “doing good and doing well” can be reconciled. This may offer a model for other countries to follow, showing that a careful use of state power can advance national goals even in a globalizing world.