Testing for the Law of One Price and Identifying Price-Leading Markets: An Application to Corn Markets in Benin

A data-determined method is proposed to test for the law of one price as a long-run equilibrium condition and to identify which markets in a network of spatially dispersed commodity markets quote the reference price. The method consists of supplementing Johansen's FIML cointegration procedure with a permanent-transitory decomposition and rules of inference in linear time-series models with unit roots. As an example, we apply our method to prices of six corn markets in Benin. We find that the law of one price holds in the long-run. It appears that two rural markets quote the reference price: their prices adjust fastest towards the permanent change induced by the common stochastic trend.     

Information without frontiers: Financial services,EC regulation and European cities

Using Castells' notion of the informational mode of development, this briefing investigates the changing hierarchy and function of European cities in the light of EC policies. The EC regulatory regime is identified as an integral part of the informational mode of development, setting the parameters within which the corporate sector operates. It is argued that the purpose of information flows is mainly control. A new constellation of European cities is anticipated which depends to a large extent upon the degree to which cities, competing against one another, are able to establish central urban complexes. These are based on the agglomeration economies between corporate headquarters, financial institutions and producer services at the urban level, and information flows at a global level of communications. Among the vast array of EC policies the paper identifies those in support of innovation and telecommunications, the deregulation of financial services, and regional policy as crucial for urban development. Given the requirements of infrastructure, institutions, professional skills and regulatory competence, existing metropolitan centres will capitalize on their comparative advantage and attempt to build on these in the future. These developments are likely to foster further concentration of capital and investment in a few major centres, thus counteracting other EC policies of regional equalization and harmonization. It is argued that these and other contradictions are an amplification of those already afflicting the capitalist state at both national and local levels. The paper also offers an opportunity to reassess aspects of traditional location theory, in particular central place models, in the light of these developments and finds them wanting. The same conclusion is reached regarding the cost‐benefit calculus of the Cecchini Report.     

Die Essbare Stadt Andernach

With several instruments the Rhineland-Palatinate’s city Andernach implements a sustainable modular system of communal green planning. Considering ecological, economic and social issues the integration of urban agriculture in the urban green space is fundamental. The aim is to form public green space more creative and to support urban biodiversity.     

Adipocere withstands 1600 years of fluctuating groundwater levels in soil

An extraordinarily well-preserved skeleton of a child, interred in a stone sarcophagus in the Late-Roman era, was discovered in the city of Mainz (Germany) in 1998, covered with a puff pastry-like substance assumed to be adipocere. It is the first time that this substance, which is derived from fat under oxygen-deficient conditions and prevents corpses from decaying, has been discovered on corpses buried under conditions described in the present paper.     

The impact of mining activities on the environment reflected by pollen,charcoal and geochemical analyses

This article presents results of a multi-proxy study of a fen deposit in the former mining district of Falkenstein near Schwaz in the Tyrol, Austria. The aim of the study in the framework of the special research program HiMAT (The History of Mining Activities in the Tyrol and Adjacent Areas – Impact on Environment & Human Societies) was to disclose the ecological impact of mining in pollen and heavy metal diagrams and to create a model combining the changes in palaeoecological proxies with historical evidences for mining. The application of this palaeoecological–historical model to prehistoric times allowed us to reconstruct the impact of mining and metallurgic activities in the surroundings of the fen during the last millennia. The results of stratigraphy, radiocarbon dating, LOI, pollen and micro-charcoal analyses as well as geochemical analyses of scandium, lead and lead isotopes validated by historical and archaeological data are hereby presented.     

The question of Fascist Italy's war crimes: the construction of a self-acquitting myth (1943 – 1948)

Between the announcement of the armistice on 8 September 1943 and 1948, the anti-fascist ruling class developed a narrative of the ‘Fascist war’ that was destined to mark deeply the historical conscience of the country and the national self-image. Until now, extraneous to both of these has been the awareness of Fascist Italy's role as protagonist in a policy of aggression towards various foreign states (Ethiopia, Albania, France, Greece, Yugoslavia, the Soviet Union) and as an occupation regime distinguished by violent forms of repression and control not dissimilar to the abominations committed by Nazi Germany in western Europe. A study of the debate on the question of Italian war crimes and criminals from 1943 to 1948 will shed light on this lacuna in the historical memory of the Italians.     

Testing heterogeneity in faunal assemblages from archaeological sites. Tumbling and trampling experiments at the early-Middle Pleistocene site of Gesher Benot Ya’aqov (Israel)

The current paper reports an experimental case study to test the heterogeneity of faunal assemblages from the Early-Middle Pleistocene Layers V-5 and V-6 of the Gesher Benot Ya’aqov Acheulian site (Israel). Tumbling and trampling experiments were initiated to gain qualitative insight into processes of bone modification and to assess the timing of the biostratonomic chronology, as it was assumed that both mechanisms were responsible for the formation of striations documented on the bone surfaces from the site. The tumbling experiments mimicked sediment movement in a calm lacustrine shoreline environment whereas the trampling experiments investigate the role of animal/hominin activities in dry, muddy and wet environments. Models for the internal operational sequence of an abrasional process due to uni- and multidirectional water movement and of a trampling scenario are presented. These models are used for the interpretation of the fauna from Gesher Benot Ya’aqov.