This study provides new evidence on the industrywide impact of strikes by investigating how strikes have affected the values of struck and nonstruck airlines. Using stock market data for the years 1963–86, the authors show that most strikes adversely affected the value of struck airlines' stock but enhanced the stock value of nonstruck carriers. The results also show that strikes before October 1978, which marked the end of strict regulation of the industry and of the employers' mutual aid pact, had some effects different from those of strikes after that date.

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In recent years Japanese universities have been under pressure to internationalize their curricula and make undergraduate studies more cross-disciplinary. Many “reforms” have involved simple adjustments to existing programs; only a few institutions have gone so far as to develop entirely new programs of study. Senshu University, a leading private university in Tokyo, has undertaken a bold commitment to use economics as a foundation for integrated global studies. Senshu's experience suggests that there is an important role for using economic studies to internationalize undergraduate education.

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