We consider an aggregative consumption economy, where there are a market for commodities and four financial markets : for bonds, deposits, credits and a speculative asset. The decision analytic ideas of decentralization and price aggregation are applied to discuss the existence of equilibrium.

This paper compares various methods used for measuring price trends in sequential auctions and draws on index number theory. Data from wine auctions are used to show that different methods applied to the same data may lead to significantly différent conclusions. Moreover the same method can...

Purpose – To examine how people from countries that vary in uncertainty avoidance (UA) use information about product uncertainty when evaluating products. Design/methodology/approach – Two studies were conducted that vary in methodology, sampling and analysis. First, an experiment was...

Purpose – This study was undertaken to clarify how product familiarity and product involvement can moderate the importance that consumers place on COO image when they evaluate products for purchase or consumption. The authors adopted a contingency approach and empirically examined, by way of...

Purpose In the initial stage of product design, product portfolio identification (PPI) aims to translate customer needs (CNs) into product specifications (PSs). This is an essential task, since understanding what customers really want is at the center of product design. However, design...

Purpose – Interest in product‐level carbon auditing and labelling has been growing in both business and government circles. The purpose of this paper is to examine the practical problems and costs associated with highly disaggregated analyses of greenhouse gas emissions from supply chains....

Purpose – The purpose of the paper is to show that modern markets are characterized by rapidly changing environments and numerous external forces. Under these conditions, product lifetimes are rapidly reducing. Therefore, products require optimum inspection policies to maintain high quality...

Purpose – This paper aims to examine the role of product architecture in supply chain design. Specifically, it seeks to resolve confusion over the impact of modularisation on supplier relationship management. On the one hand, the introduction of modularisation suggests that buyer and supplier...