This paper develops new methodological insights on Random Regret Minimization (RRM) models. It starts by showing that the classical RRM model is not scale-invariant, and that – as a result – the degree of regret minimization behavior imposed by the classical RRM model depends crucially on...

When the dimension of the vector of estimated parameters increases, simulation based methods become impractical, because the number of draws required for estimation grows exponentially with the number of parameters. In simulation methods, the lack of empirical identification when the number of...

This paper analyses the NGO campaign against the proposed development of the Okavango Delta in 1990, and the subsequent policy change by the Botswana government. Four explanatory factors are explored: the democratic attributes of the domestic political context; the internationalisation of the...

Team briefings have long been used to engage employees in change. Alan Thomas, Henkel’s staff resourcing and development manager, describes how the company used the process when merging four sites into one.

This Special Issue comes from the Development Studies Association (DSA) 30th Anniversary conference in 2008. The theme was 'Development's Invisible Hands', focusing on the forces likely to influence global change and re-shape development agendas over the next 30 years. The first section...

This paper is based on the author's experience and comments on the daily life of fund managers and stockbrokers, along with the nature of the networks within which many operates. The paper attempts to provide a guide to current market conditions and how regulators may respond to challenges to...