The negative consequences of culture change management: Evidence from a UK NHS ambulance service

The purpose of this article is to analyse the culture change management programme in one UK NHS ambulance service, documenting various perverse consequences of the change management and suggest further research implications. Significant negative consequences of the culture change management programme in the ambulance service are systematically documented. The study argues that any worthwhile study of organisational culture change management must take into account the perverse consequences of such a process and its overall impact on employees

Modular perverse sheaves on flag varieties I: tilting and parity sheaves

In this paper we prove that the category of parity complexes on the flag variety of a complex connected reductive group is a "graded version" of the category of tilting perverse sheaves on the flag variety of the dual group, for any field of coefficients whose characteristic is good. We derive some consequences on Soergel's modular category O, and on multiplicities and decomposition numbers in the category of perverse sheaves.Comment: 42 pages; with a joint appendix with Geordie Williamso

The wrong sort of rebate : the need to reform the UK budget adjustment

In this paper we argue that there is a continuing need for some form of rebate mechanism to iron out anomalies in the funding of the EU, but that the particular form of mechanism used to pay the UK a rebate has had severely adverse consequences, and needs to be reformed. Specifically, we argue that the current form of rebate paid to the UK has had perverse incentive effects, which go a long way towards explaining the UK’s semi-detached relationship with the EU

Do higher solvency ratios reduce the costs of bailing out insured banks?

The relationship between solvency constraints and bank behaviour in the presence of fixed rate deposit insurance is investigated. A rise in the minimum solvency ratio does not necessarily reduce the adverse consequences of moral hazard: bank efficiency may fall and expected bailout costs may rise. Such outcomes are possible even if credit risk is purely systemic. Similar results obtain in respect of level increases in bank capital, tangible or intangible, although in this case purely systemic risk excludes perverse outcomes

Can subsidizing alternative energy technology development lead to faster global warming?

Modelling global climate changes without taking account of the changes in resource markets can produce climate policy with perverse consequences. In even the simplest economic model of emissions of greenhouse gases, naïve policies that ignore markets can lead to perverse outcomes- the opposite of that intended by the policymakers-such as accelerating global warming. Yet the global climate models that are commonly used to develop climate policy do not adequately model resource markets. As a consequence, we need to develop better models of resource markets within our global climate models.Environmental Economics and Policy,

Tobin's Q, economic rents, and the optimal stock of capital

The correspondence between the demand for capital and various measures of Tobin’s q often is tenuous (Abel and Blanchard 1986; Hayashi 1982), at times even perverse. Among the possible explanations for this apparent challenge to the q theory of investment, this paper considers the consequences of allowing the return on capita] to vary with the scale of production. When enterprises earn economic rents on inframarginal investments, the q theory of investment does not claim that changes in the optimal stock of capital must correspond consistently to changes in marginal q.Capital

Banned Aid: Why International Assistance Does Not Alleviate Poverty: Review Essay

As the Zambian economist Dambisa Moyo argues, the concept of foreign aid is flawed--not just because corrupt dictators divert aid for nefarious or selfish purposes but also because even in reasonably democratic countries, aid creates perverse incentives and unintended consequences