The Financialisation of Rental Housing 2.0: Releasing Housing into the Privatised Mainstream of Capital Accumulation

This article presents two cases of listed real estate companies that operate in the Ruhr metropolitan region of Germany. The first is Immeo Wohnen, a subsidiary of the French real estate investment trust (REIT) Foncière des Régions that was previously owned by a US hedge fund. The second is Vonovia, Germany's largest real estate company, originally a subsidiary of a British private equity firm. Both examples embody what we call the shift from financialisation 1.0 to financialisation 2.0, i.e. the transition from pure speculation to long‐term investment. We show that long‐term investment strategies are used by REITs and listed funds in order to release housing into the privatised mainstream of capital accumulation. With the advent of the financialisation of rental housing 2.0, the long‐term investment focus of these funds paradoxically enables a short‐term investment focus by buying and selling shares in these funds on the stock exchange.     

Preferences for Water Policy in the Ogallala Region of New Mexico

In the late-1970s, Congress formed the High Plains Study Project to assess and study various management and water supply strategies for the Ogallala basin. In the early-1980s, the High Plains Study Council released its findings and recommendations, which in turn stimulated numerous interpretive critiques. A decade has passed since the High Plains Study Council report, yet water management problems persist. Using data from a survey of water experts in New Mexico, we identify the determinants of support and opposition to three water management options: voluntary conservation, mandatory regulation, and water importation. Preference for water management strategies is a function of how policy is perceived (regulatory vs. distributive). Water users in the Ogallala East region of New Mexico tended to oppose mandatory regulatory policies that provide the best option for conserving ground water resources for future generations; voluntary conservation-the least effective option—enjoyed the strongest support from respondents. The findings of this research should be of interest to persons concerned with the future of the Ogallala aquifer and to students of public policy.     

Design paths of federal intergovernmental cooperation

Actors rarely approach institutional design choices with a blank slate but are influenced by design choices made at earlier stages. How does institutional design evolve over time and are there specific paths to deepening cooperation? We investigate the institutional design paths of subnational cooperation that are chosen to address increasingly complex and interconnected policy problems. We theorize that besides the substantive problem, earlier choices matter to explain what institutional design mechanism is chosen; that is, the design of existing institutions between two subnational governance units, called substates, influences the design of subsequent institutions. Using a semi-parametric Cox proportional hazards model, we show that the design paths of subnational cooperation in the Swiss water governance sector correlate with earlier design choices. Our results indicate that not all cooperation is self-reinforcing and path-dependent, but they show which specific design choices are more likely to follow each other in repeated formal federal intergovernmental cooperation.     

Cajal's brief experimentation with hypnotic suggestion

Spanish histologist Santiago Ramón y Cajal, one of the most notable figures in Neuroscience, and winner, along with Camillo Golgi, of the 1906 Nobel Prize in Physiology or Medicine for his discoveries on the structure of the nervous system, did not escape experimenting with some of the psychiatric techniques available at the time, mainly hypnotic suggestion, albeit briefly. While a physician in his thirties, Cajal published a short article under the title, "Pains of labour considerably attenuated by hypnotic suggestion" in Gaceta Médica Catalana. That study may be Cajal's only documented case in the field of experimental psychology. We here provide an English translation of the original Spanish text, placing it historically within Cajal's involvement with some of the key scientific and philosophical issues at the time.     

Regional planning of R&D and science–technology interactions in Andalucia: a bibliometric analysis of patent documents

Andalucia is a southern European LFR (less‐favoured region) with a high degree of self‐government that has allowed it to design its own R&D policies that complement those implemented throughout Spain and the European Union (EU). Recently the Regional Government passed the Third Andalucian Research Plan 2000–2003, an R&D planning instrument that, as has become customary in previous Plans, attributes considerable budgetary weight to the scientific aspects of the science–technology–industry system (Andalucia allocates more of its own resources to promoting research than any other region in Spain). This paper provides deeper insight into the role played by science in driving the technological development of Andalucia, one of the LFRs of the EU. The aim was to answer five fundamental questions: How is basic science utilized by industry in Andalucia? Which sectors are the most dynamic in the employment of scientific know‐how? Which scientific fields are most in demand by industry? Which types of institution utilize scientific knowledge most profusely? What delay is there in incorporating science into technology? The methodology that has been applied for investigating the links between science and technology is based on scientific citations in patent documents (NPC). The results in this article provide relevant information about the interconnection of scientific and technological systems and thus constitute a good point of reference for the development of future R&D plans.     

Regional Efficiency in the European Union

This paper examines existing disparities in technical efficiency levels across the European regions over the period 1986–2002. The results reveal that technical efficiency is not randomly distributed across space in the European setting. On the contrary, the different tests performed highlight the presence of positive spatial autocorrelation and spatial heterogeneity in the distribution under consideration. In fact, we have detected several regional clusters characterized by similar efficiency levels distinguishing them from the rest of the sample. Nevertheless, the estimates carried out show the existence of a process of regional convergence in terms of technical efficiency during the study period. Our findings also reveal that factors such as the regional stock of capital per worker or the patterns of productive specialization are relevant in explaining the changes in technical efficiency experienced by the European regions between 1986 and 2002.     

Why are cut mark frequencies in archaeofaunal assemblages so variable? A multivariate analysis

Cut mark frequencies in archaeological faunal assemblages are so variable that their use has recently created some skepticism. The present study analyses this variability using multivariate statistics on a set of 14 variables that involve differential skeletal element representation, fragmentation processes, carnivore ravaging impact, carcass size and tool type. All these variables affect the resulting cut mark frequencies reported in archaeological sites. A large sample of archaeofaunal assemblages has been used for this study. It was concluded that the best estimator of cut mark frequency in any given assemblage is the percentage of cut-marked long bone specimens (probably due to its better preservation than other anatomical areas), which is determined by fragmentation and carnivore ravaging. Carcass size and tool type also play a major role in differences in cut mark frequencies. Fragmentation is also a key variable determining the abundance of cut-marked specimens. It is argued that general cut mark percentages are of limited value, given the number of variables that determine them, and that a more heuristic approach involves quantifying cut marks in a qualitative manner.     

A late Holocene pollen record from Lake Almalou in NW Iran: evidence for changing land-use in relation to some historical events during the last 3700 years

A pollen diagram was prepared from Lake Almalou, a volcanic crater wetland located on the eastern flanks of the Sahand Volcanic Complex in NW Iran. The core provides a 3700-year record of human activity and environmental change in an upland region. We attempt to relate vegetation changes to both climatic change and historical events. Variations of anthropogenic pollen indicators suggest several phases of intensified human activities. Two strongly expressed agricultural phases are dated at about 2450–2220 cal BP (Achaemenid Empire) and 230–30 cal BP (collapse of Safavid Dynasty to the modern period). Historical rather than climatic events appear to be the main controlling factors for upland land-use dynamics. Fruticulture has been practiced in the region at least since the Iron Age, reaching its maximum importance 1500–1250 cal BP during the reign of Sassanid Empire; it declined by the time of Islamic conquest of Iran (651 AD). The Little Ice Age is tangibly recorded by higher lake water levels most probably due to both lower summer temperatures and higher annual precipitations. Low values of cereal-type and cultivated tree pollen during this period may indicate a change in the lifestyle from the cultivation of fields and orchards to a more nomadic life dominated by summer pasture. The modern period (1850 AD onwards) is characterized by expansion of agricultural activities to upland areas and intensified pastoralism.     

Maritime Archaeology in Uruguay: Towards a Manifesto

We report a collaborative maritime archaeological project in Uruguay, one of several Latin American countries where the subject is undergoing review in terms of the ways it is practised and managed. Uruguay is typical of many states where there has been a tension between a heritage-based approach in which the results of investigations are viewed as publicly owned, as opposed to the profit motive in which commercial and personal gain is the underlying ethic. This project was conceived both as a way of assisting the Uruguayan Heritage Commission in promoting the former approach as well as advancing a programme of research into the age of global exploration. This paper sets out the rationale of the initial field season and reflects on subsequent developments.