Clyde A. Haulman

Quality, Price, Advertising, and Published Quality Ratings

Economic literature contains several sometimes contradictory hypotheses concerning the relationships among quality, price, and advertising. We investigate the impact of published quality ratings on these relationships and find that quality and advertising are much more likely to be positively related in the presence of quality ratings.

Asia-Pacific Economic Links and the Future of Hong Kong:

Hong Kong is closely linked to both China and the United States. This article discusses Hong Kongs economy and the effects that Sino-American relations will have on Hong Kong as the new Special Administrative Region of the Peoples Republic. It provides a critique of both the pessimistic and the optimistic views of Hong Kongs future: Hong Kong will prosper because China will ensure its success, or Hong Kong will suffer from Chinas political control. Analysis of the economic factors suggests that the territory is likely to fare quite well in the years following the transition. Nonetheless, the potential effect of political changes in China, the possibility of troubles in Sino-American relations, and the difficulty of reforming Chinas economy and integrating it into that of the world are some of the factors suggesting that the long-term outlook appears less favorable.