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A novel procedure is described for accelerating the convergence of Markov chain Monte Carlo computations. The algorithm uses an adaptive bootstrap technique to generate candidate steps in the Markov Chain. It is efficient for symmetric, convex probability distributions, similar to multivariate...
Persistent link: https://www.econbiz.de/10009441534
This article studies the use of different distribution channels as an instrument of price discrimination in credence goods markets. In credence goods markets, where consumers do not know which quality of the good or service they need, price discrimination proceeds along the dimension of quality...
Persistent link: https://www.econbiz.de/10009438014
Theory predicts that efficiency prevails on credence goods markets if customers are able to verify which quality they receive from an expert seller. In a series of experiments with endogenous prices we observe that verifiability fails to result in efficient provision behaviour and leads to very...
Persistent link: https://www.econbiz.de/10009438172
Organic food is often labelled with an organic certification logo to gain consumer trust in theproduct integrity. The number of different organic certification logos in the European marketraises the question whether consumers prefer specific logos over others. The aim of this paperis to analyse...
Persistent link: https://www.econbiz.de/10009442629
Leading academic and professional accountants have suggested that the crisis in auditing over the past few years may have had its origin in deregulation which allowed firms to advertise their services and solicit new clients, encouraging accounting firms to become more commercial. In this paper,...
Persistent link: https://www.econbiz.de/10009430953
practices, corporate governance, competitive factors and operating environment. This paper proposes a data gathering model for …
Persistent link: https://www.econbiz.de/10009434914
A model of regional production is proposed which links local output to the distribution of income between owners and … workers. In contrast to conventional regional production theories, our model is adjustment oriented, eschewing equilibrium for … disequilibrium and certainty for uncertainty. The model demonstrates the integration of short-run events with long-run regional …
Persistent link: https://www.econbiz.de/10009441458
Firstly, the paper establishes a brand-extension size model and adopts the marginal analysis to analyze the optimal …-extension size model; At the same time, use analytic hierarchy process to analyze the size of brand extension and principal component … on brand extension size model based on ecological characteristics, the results show that the order of the total …
Persistent link: https://www.econbiz.de/10009442705
This paper presents a new partial-equilibrium, multi-market international model developed to analyze policies affecting … peanut products markets. The model covers four goods (food-quality peanuts, crush-quality peanuts, peanut oil, and groundnut …, South Africa, the United States, and Rest of World). Welfare is evaluated by looking at consumers’ equivalent variation …
Persistent link: https://www.econbiz.de/10009443052
imports of concentrated orange juice and tomato paste from South America. The study highlighted an agglomeration model of … competitive model with conventional estimates of supply and demand elasticities. Because the assumptions of the models differed …, the results also differed. The agglomeration model indicated that the United States would gain market share of production …
Persistent link: https://www.econbiz.de/10009444426