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This paper is about quality decisions in a vertical structure where competitive producers sell to powerful retailers. Specifically, we focus the analysis on the role played by a tour operator on quality investments when distributing the capacity of a given tourist destination. We emphasize the...
Persistent link: https://www.econbiz.de/10005134461
the related phenomenon of standardization. Secondly, it aims to show a broadened and evolutionary view of the process of … technology standardization, avoiding the habitual determinism of conventional models of technology diffusion and lock-in. Finally … attributes of the technology standardization processes in them. To achieve these goals we have developed an agent based model …
Persistent link: https://www.econbiz.de/10005118866
Can the individual actions of agents spontaneously move the system out of a state where it is locked into an environmentally inferior technology, or is coordination from outside the system necessary in the form of public intervention? More importantly, even if the system were able to make the...
Persistent link: https://www.econbiz.de/10005556134
Persistent link: https://www.econbiz.de/10005119338
I estimate the effect of team production on labor productivity and product quality using a cross section of British establishments. A distinguishing feature of this study is its use of a structural model that treats as endogenous the organizations’ choices of teams and whether or not to grant...
Persistent link: https://www.econbiz.de/10005556846
The Klein-Leffler (1981) model of product quality does not explain why high-quality firms would dissipate the rents they earn from quality- assuring price premia, and it relies on consumers knowing the cost functions of firms. In the present paper, consumers do not know any firm's cost of...
Persistent link: https://www.econbiz.de/10005561438
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
The current overview of bundling theory is combined with author's experiences of its practical application into several step-by-step guidelines. These models consist of the whole process of the construction and performance appraisal of product bundles in retail banking sector and show how the...
Persistent link: https://www.econbiz.de/10005134983
E-commerce is one of the most visible examples of the way in which information and communication technologies (ICT) can contribute to economic growth. It helps countries improve trade efficiency and facilitates the integration of developing countries into the global economy. It allows businesses...
Persistent link: https://www.econbiz.de/10005118722
The expectations about the growth of e-commerce are often discrepant, because it’s not easy to qualify the importance of such a fast developing phenomenon. Beside estimations in which the number of the e- trading sites is constantly growing, we witnessed the failure of many successful...
Persistent link: https://www.econbiz.de/10005118913