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Long–term Business Relationships between Consignor and Trucking Carrier in Japan

KASUGA, Norihiro; Torii, Akio - EconWPA - 2005

In this paper, we have empirically analyzed the factors that lead to longer business relationships in the logistics … capital, such as skill in workers and know-how, is important to improve efficiency of the whole logistics system. At the same … volatility of demand tend to rely on transportation services procured from spot logistics markets with a shorter contract term …

Persistent link: https://www.econbiz.de/10005412960

Stochastic Dominance Efficiency Tests under Diversification

Kuosmanen, Timo - EconWPA - 2001

This paper focuses on Stochastic Dominance (SD) efficiency in a finite empirical panel data. We analytically characterize the sets of unsorted time series that dominate a given evaluated distribution by the First, Second, and Third order SD. Using these insights, we develop simple Linear...

Persistent link: https://www.econbiz.de/10005561692

Shattering the Myth of Costless Price Changes: Emerging Perspectives on Dynamic Pricing

Bergen, Mark; Ritson, Mark; Dutta, Shantanu; Levy, Daniel; … - EconWPA - 2005

In this paper we argue that pricing is all about price changes, and that the costs of price changes are often simultaneously subtle and substantial. We discuss a framework to deal with the dynamics of changing prices. This framework incorporates customer interpretations of price changes, an...

Persistent link: https://www.econbiz.de/10005556152

Comparison between minimum purchase, quantity flexibility contracts and spot procurement in a supply chain

Brusset, Xavier - EconWPA - 2005

When, in a supply chain, a supplier and a buyer have the choice of transaction form to do business, the equilibrium transaction form which emerges is much more constrained than previously envisaged in literature. In this paper, two forms of long-term supply contracts and procurement in the spot...

Persistent link: https://www.econbiz.de/10005556373

Space, Growth and Technology: an Integrated Dynamic Approach

Gomes, Orlando - EconWPA - 2004

unchangeable geography – consumption and production conditions and technological progress not only determine long term growth but …

Persistent link: https://www.econbiz.de/10005124884

A Second-Order Approximation to Technology Choices

Gomes, Orlando - EconWPA - 2004

Resources used in scientific activities are, as any other, scarce. Hence, the economic system has, in every time moment, to choose how to allocate technological inputs. A technology choices model is developed, where scarce scientific resources are alternatively allocated to basic science...

Persistent link: https://www.econbiz.de/10005124964

Heterogeneous Researchers in a Two-Sector Representative Consumer Economy

Gomes, Orlando - EconWPA - 2004

Research activities have uncertain outcomes. The question asked in this paper is whether or not this uncertainty can be a central piece on the explanation of long run consumption growth paths. More specifically, we inquire how the existence of different research projects, with different degrees...

Persistent link: https://www.econbiz.de/10005125685

The Optimal Control of Technology Choices

Gomes, Orlando - EconWPA - 2004

possibilities frontier) and a level of technology in practice (that is, ready to use in production technology). Having these two …

Persistent link: https://www.econbiz.de/10005408275

Environmental management: analytical approximate solutions to the problem of detecting optimal random audit schemes

Ferretti, Paola - EconWPA - 2004

In the contest of environmental management, the problem of minimizing the expected cost due to random checking processes and a possible failure is here addressed. Non-homogeneous Poisson checking processes with continuous non-decreasing intensity are considered, leading to the explicit detection...

Persistent link: https://www.econbiz.de/10005118638

Optimal Experimentation in a Changing Environment

Keller, Godfrey; Rady, Sven - EconWPA - 1998

This paper studies optimal experimentation by a monopolist who faces an unknown demand curve subject to random changes, and who maximises profits over an infinite horizon in continuous time. We show that there are two qualitatively very different regimes, determined by the discount rate and the...

Persistent link: https://www.econbiz.de/10005118645