This paper examines the impact of Sunday blue law reforms on small-scale wineries in the United States. Using establishment-level data from 2000 to 2020, we employ an event-study framework to analyze the impact of changes in Sunday alcohol sales regulations across states on the performance of small wineries. We find that deregulation is associated with substantial declines in the performance of small wineries. On average, sales fell by 25.5%, employment declined by 7.8%, and survival rates dropped by 5.2% following the repeal of Sunday sales restrictions. These adverse effects are particularly pronounced among the smallest wineries and those located in metropolitan counties. The results suggest that while deregulation increased consumer access to alcohol on Sundays, it also intensified competition from large-scale retail outlets, thereby undermining the direct-to-consumer sales channels that are critical to small wine producers.

Several proposals to modernize obligations and contracts law in the Spanish Civil Code have not succeeded. However, Spanish contract law has evolved through judicial interpretation, which has reformulated existing rules and recognized new ones. This article deals with major transformations in general contract law and special contracts. Additionally, the Civil Code has been affected by its interaction with EU law, as interpreted by the CJEU. Updating the Civil Code in this manner has created conceptual obscurity and has increased legal uncertainty. Formal modernization of the Civil Code would be welcome, provided it treats Spanish private law as an integral part of the pluralistic legal order of the EU.

This paper examines grocery retailers' ability to influence prices charged to consumers and paid to suppliers. We discuss how retailer market power manifests itself in terms of pricing and marketing strategies by setting forth and offering evidence in support of eight “stylized facts” of retailer pricing and brand decisions. We argue that little, if any, of this behavior can be explained by a model of a competitive, price-taking retailer, but that most of the indicated behavior was also inconsistent with traditional models of market power. Finally, we discuss the impacts of aspects of this retailer behavior on the upstream farm sector.

Drawing on detailed qualitative case study evidence from four retail banking organisations, this article highlights the connections between customer relations strategy, the psychological contract and employee behaviour. The purpose of the research is to extend our understanding of the links between employees and customers by showing how this relationship evolves over time and by highlighting that a front-line employee's service orientation needs to be understood within the broader context of the employee's service experience. It is suggested that a better understanding of these connections could facilitate improved customer service standards and enhance the experiences of those working in service industries.

The paper proposes a new way of assessing an investment manager's skill in the day-to-day management of portfolios. The authors argue that traditional investment performance measurement techniques, whilst appropriate for many purposes, do not provide the insights necessary to judge the skill of investment managers. To judge manager skill, it is necessary to consider the activity within the portfolio in terms of the purchases, sales and trades, and to determine the value added by that activity. The paper sets out a framework by which this analysis can be carried out and, by means of examples, indicates how the results can be interpreted. The paper also explores briefly a number of other issues such as the qualitative aspects of performance monitoring. In writing the paper, the concept of risk in various guises was never far from the authors' minds, and it is true to say that the meaning of risk in the context of assessing manager skill lies at the very heart of the paper.

The paper proposes a new way of assessing an investment manager's skill in the day-to-day management of portfolios. The authors argue that traditional investment performance measurement techniques, whilst appropriate for many purposes, do not provide the insights necessary to judge the skill of investment managers. To judge manager skill, it is necessary to consider the activity within the portfolio in terms of the purchases, sales and trades, and to determine the value added by that activity. The paper sets out a framework by which this analysis can be carried out and, by means of examples, indicates how the results can be interpreted. The paper also explores briefly a number of other issues such as the qualitative aspects of performance monitoring. In writing the paper, the concept of risk in various guises was never far from the authors' minds, and it is true to say that the meaning of risk in the context of assessing manager skill lies at the very heart of the paper.