L. William Seidman
L. William Seidman, founding chair of Grand Valley's Board of Trustees, died May 13, 2009 at the age of 88. Seidman was one of the founders of Grand Valley State University, helping galvanize local support for the establishment of a public four-year university in West Michigan.
Past Economic Publications
An Empirical Examination of Inormation Systems Measurement Tools and an Assessment of their Leve of Success with International Information Systems Current Topics in Management, 1999,4,pp.375-389.
by Doug White, Carol M. Sanchez, Doug McHaney, and Gerald P.W. Simons
As business firms expand their sales to international markets, their information systems become increasingly important in managing international operations. Information systems are changing traditional ways of manufacturing, marketing, financing, and decision making as firms enter the global arena. For example, multinational firms need to access parts lists, bills, catalogs, and other data generated from their units or partners in other countries. Global networks can save time by speeding up the exchange of data and eliminating the need to re-enter data. They can reduce costs by allowing a firm to better control inventories held by its manufacturing plants located worldwide. Inter-organizational networks, or links between a firm and its supplier or buyer, can improve the quality of orders since specifications and other terms can be more quickly communicated between the organizations. Firms of all sizes need reliable information systems to deal with the complexities of multiple currencies, languages, tax structures, and regulatory regimes. This suggests that there is a need to study the role of information systems as a firm's operations expand internationally.
This paper introduces traditional information systems constructs which act as surrogates for success into the arena of international information systems. The constructs that are used are Satisfaction, Perceived Usefulness, and Perceived Ease of Use. This paper considers these constructs in relation to a number of other measurements related to information systems with the dependent variable, export intensity, as a measure of successful organizations in the international marketplace. Information systems were assessed using two measures of organizational integration of information systems, horizontal integration (an assessment of the propagation of information systems across the spectrum of the organization) and vertical integration (an assessment of the complexity of the information systems in use in the organization.
A study was conducted using organizations engaged in international trade in the state of Michigan and data was collected using a number of different instruments. This paper reports the findings from the respondents and assesses the relationships between the various constructs included in the study.
Correspondence of John R. Commons to R.E. Moody, 1941
Research in the History of Economic Thought and Metodology, Vol. 18B, pp. 363-369.
By Richard A. Gonce and Warren J. Samuels
The following correspondence of John R. Commons to R. E. Moody dates from 1941. It was given to Warren Samuels by Moody in September 1980, along with two volumes of Commons's mimeographed ''Reasonable Value'', dating from the early 1930s, which served as the basis for his Institutional Economics (1934). [&]
Corporate Governance and Corporate Illegality: the Effects of Board Structure on Environmental Violations
International Journal of Organizational Analysis, Jul 1999, Vol.7, No. 3, pp. 201-223.
By Marie McKendall, Carol Sanchez, Paul Sicilian
A study is presented that examines the effects of corporate governance structures on the incidence of corporate illegality by analyzing the relationship between environmental violations and several dimensions of corporate board structure. Results demonstrated that the value of stock owned by corporate officers and directors was positively and significantly associated with serious environmental violations. Outsider dominance, joint CEO-chairpersons, social responsibility committees, and attorneys on boards were significantly related to corporate illegal behavior. The control variables of size, industry profitability, firm profitability, and industry concentration were all significantly related to environmental violations. The findings involved board structure cast doubt on the efficacy of many popular corporate governance reform proposals.
Has Ghana Become an Emerging Market at Last?"
Shoreline Business Monthly, April 1999,
By Gerald P.W.Simons
Professor Simons attended 10-day seminar on Ghana's economic development at the University of Ghana.
"Gender Differences in the West Michigan Marketplace"
Seidman Business Review, Winter 2002, pp. 19-20.
By Sonia Dalmia
One of the most visible indicators of change in gender roles is the convergence between the number of men and women working outside the home. The number of men and women working or looking for work (participation rate hereafter) has been converging since 1950 as the number of men working has fallen steadily and the number of women has risen. However, the participation of males in the labor market is still substantially above the number for females. In 1980, for example, the gap between the proportion of women and men working in West Michigan was about 20%, with 39.71% of the women and 59.38% of the men participating in the labor market. If we look at the work participation rates for 1990, it is clear that even in a short span of ten years, there was considerable convergence in women's and men's participation, primarily as a result of the increase in the proportion of women participating to 45.25% but also due to a small decline in men's participation to 53.7%.
Letting The Market Preserve Land: The Case for a Market-Driven Transfer of Development Rights Program
Contemporary Economic Policy, Apr 1999, pp. 256-266.
By Paul Thorsnes, Gerald P. W. Simons
The inequalities in conventional zoning-based policies leave urban-fringe jurisdictions unable to meet the growing demand for permanently preserved open space. Allocating marketable development rights (MDR) among all landowners treats this problem directly. It also leaves open the option of allowing the market to allocate land to undeveloped uses. A simple market model is used to develop a framework that describes the mechanics of such a program; it allows for comparison with other commonly considered policies. Several concerns policy makers have raised about a market in development rights are addressed. Alternative regulatory responses to perceived market failures are presented. It is suggested that and MDR program offers significant advantages over existing preservation efforts.
"Making Course Content Conducive to a Marriage Between Theory and Practice: One Instructor's Experience"
The International Business and Economic Research Conference, October 2003.
By Sonia Dalmia
A common complaint voiced by many students, who take an economics course, at any level, is that the course content is often divorced from reality and thus does not contribute substantially to their learning. Many find the subject too abstract and hard to grasp since it neither describes nor appeals to the student's desire for relevance to the real world in which they live. As a result many student study just "for" the exams instead of engaging in "continuous" semester long study of the subject and increasingly adopt a utilitarian approach towards their economics education, wanting an effortless and good grade.
With this reality in mind, in the year 2000 when I got the opportunity to teach a course on gender and economics, I jumped at the prospect of engaging students in topics that would acknowledge their real-life experiences. Since I had never taught the course before, I conducted an informal Internet survey of the syllabuses available online to see what other instructors were doing in their classrooms. The Google search revealed that all instructors, regardless of geographical location and school type, incorporated and designed their course around exams, assignments, oral presentations and term or research papers. I too did the same. However, I was taken by surprise by the kind of problems that surfaced with this approach.
"Married Women do Twice as Much Housework as Their Husbands Do"
Marketing to Women, March 2002, Vol. 15, 3rd Edition, p. 3.
By Sonia Dalmia
Married women spend more then double the amount of time on household labor that men do, according to a study conducted by the Seidman School of Business at Grand Valley State University.
"Minimum Wages, On-the-Job Training, and Wage Growth"
Southern Economic Journal, Vol. 65, No. 3, 1999, pp. 539-556.
by Adam Grossberg and Paul Sicilian
Using data from the Employment Opportunities Pilot Project, we examine the relationships between minimum wages, wage growth, and on-the-job training. We find that minimum wage jobs exhibit less wage growth than other jobs, particularly for men. We find no evidence, however, of a unique minimum wage effect on training opportunities. We conclude that indirect methods of proxying training with wage growth can be misleading as they fail to distinguish whether the reduced wage growth of workers on minimum wage jobs results from their receiving less training than other workers or whether it is strictly a result of the wage determination process.
Persistence of Low Product Quality in Informal Markets
Scandinavian Journal of Development Alternatives & Area Studies, Vol. 18, No. 2-3, pp. 187-202.
By Gautam Bhattacharya, Gerald Simons
Persistence of low quality is explained with rational, strategic behavior of producers and consumers of experience goods in informal markets where quality is revealed after purchase, price is determined by bargaining, and renegotiation of price does not necessarily follow after quality is improved by the seller. Starting from a given contract between a buyer and a seller at a given price that has been reached through costly bargaining, assume that after the existing quality is revealed, the seller comes across a project, which will enhance existing quality. If the project is efficient, it will always be adopted by any formal market structure. [&]
Policy Uncertainty, Private Investment, and the Optimal Tarrif
Scandinavian Journal of Development Alternatives and Area Studies, Vol. 19, No. 2-3, pp. 107-122.
By Gerald P.W.Simons
[&] Economists have long espoused the benefits of reductions in trade barriers between nations, except perhaps for "large" countries, which may be able to capture foreign rents. However, as the above example illustrates, despite the growth of GATT, NAFTA, the EU and many other preferential trading arrangements, the specter of protectionism remains at large for many countries around the world. For those countries that implement restrictions to trade, it is rarely the case that the commercial policy is static. Rather trade policies for many countries, particularly less developed ones, vary both from one governmental regime to another, and during the life of a particular government. [&]
"Testing Becker's Efficient Marriage Market Hypothesis and It's Implications for Spouse Selection and Marital Transfers in India"The International Business and Economics Research Conference, 2003, October 2003.
By Sonia Dalmia
This paper examines how equilibrium sorting takes places in marriage markets in India. It constructs an empirical model of spouse selection based on Becker's (1973) efficient marriage market hypothesis, in which optimal assignments of marriage partners are derived from maximizing the household output function. By specifying a marital production function and introducing the influence of multiple individual characteristics simultaneously in the matching technology, this paper creates a matching algorithm and uses the estimated parameters to examine positive assortative mating with respect to nonmarket characteristics. To capture heterogeneity in personal characteristics and to measure how good a partner each individual will make, it constructs a marriage index for all males and females in the marriage market. It utilizes parametric techniques to universally rank men and women by their marital endowment and forms match matrices based on this information. Finally, to assess the efficiency of marriage markets in India the paper compares the optimal pairing of men and women predicted by the model to their actual paring.
"The Indentity and Significance of Common's A Sociological View of Sovereignty"
The Founding Institution of Economics, 1998, pp. 76-96.
by Richard Gonce
This essay argues several theses. First, much of SVOS emanated from ideas Commons had developed during an initial stage of his thought prior to 1894 that were partly fixed and partly changing during 1894 to 1899 while he was working on SVOS, and so an awareness of this context of ideas can help to clarify the identity of SVOS. Second, seen in this context the cardinal feature giving SVOS its identity is a theory of political and economic history intended to justify public policies to improve the welfare of the American labor class. The theory is not a value-free, general theory lying in any one partial social science, but instead reflects Commons's ethics, is relative to Anglo-American evidence, and is multidisciplinary in the name of sociology. Third, SVOS is significant because Commons used it in large part as an outline for the development during the following decades of what he called his social philosophy of trade unionism or modern liberalism.
The Relationship Between Integration and Quality of Information Systems and International Business Success
Current Topics in Management, Vol. 4, pp. 371-385.
By Doug White, Carol M. Sanchez, Roger McHaney, and Gerald P.W. Simons
World trade is growing more quickly than the world's gross domestic product, and the number of firms involved in international business is increasing. While most international trade is conducted by multinational corporations, firms of all sizes are increasing their involvement in international business as well. International business has reached a level of sophistication that is commonly called globalization. To compete internationally, firms must learn to understand the networks and interactions that bind countries, organizations, and people in an interdependent global economy.
Will South America Drag Michigan Down with it?
West Michigan Business Review, Spring 99, pp. 10-12.
By Gerald P.W.Simons
It is vitally important for Latin America, the rest of the world and the United States that the international community take all steps sensible to limit the contagion that has come from the Asian financial crisis, and helping Brazil is very important in that respect also.
"Examining the Role of Dowries in India"
International Advances in Economic Research, May 2002, Vol. 8, 2nd Edition
By Sonia Dalmia
This paper uses data from a retrospective sample survey in rural northern and southern India to develop and test a framework capable of examining dowry exchange and groom selection in India. The paper adapts Rosen''s implicit market model and finds support for the hypothesized equalizing differences in the role of marital arrangement sin India for uneducated brides. Measurable groom characteristics on which compensating price differentials arise empirically include the groom''s age at marriage, education, and height. Results reveal that marriage markets are separated by the education of the brides. The study finds that dowries on average are higher in the north than in the south. Contrary to popular belief, it was found that holding groom characteristics constant, real dowries have decreased over time. Results also show that the most important determinants of demand for various groom attributes are price of the attribute, the bride''s traits, and the socio-economic status of the bride household.
Page last modified November 15, 2012