Market characteristics, including intrinsic demand and customer sensitivity on price and product performance level, are distinct at different markets. Comparisons of various product development strategies in one market or two geographically separated markets are conducted for three classes of...

A market-based strategy is proposed for joint decisions on price, delivery time, service level, and supplier selection or investment. Product or service demand is modeled as a linear function of attributes including price, guaranteed delivery time, service level, or other quality-like...

Second language writing assessment is of great significance for second language researchers, teachers and learners. Studies of writing of different grade levels will provide detailed information about textual features in each grade and student’s writing development. In this study, a corpus of...

In the latter half of 1997, the monetary crisis that took place in Thailand triggered a financial crisis in Southeast Asia. The effects were soon felt in South Korea and Japan. Subsequently, other regions and countries of the world were adversely affected. In their analyses of the causes and...

Modern manufacturing systems are facing a globally competitive market to an extent not experienced before. This competitive pressure forces manufacturers to produce more products with shorter life span and better quality, yet at a lower cost. To succeed in this environment, manufacturing firms...

The standard analysis of optimal fiscal policy aggregates different types of assets into a unique capital good and all types of capital taxes into a unique capital tax. This paper considers a disaggregated framework: an economy with corporate and dividend taxes, where firms invest in both...

The standard analysis of optimal fiscal policy in the neoclassical growth model, e.g. Chamley (1986) and Judd (1985), aggregates different types of assets into a unique capital good and all sorts of capital taxes into a unique capital tax. There, the optimal capital tax rate is very high in the...

The quantitative literature has documented that a privatization of the social security system generates large long-run welfare gains at the cost of welfare losses for transition generations. In this article, we maximize over the entire policy space, following the optimal fiscal policy approach....

We examine the optimal policy response to an exogenously given demographic shock. Such a shock affects negatively the financing of retirement pensions, and we use optimal fiscal policy in order to determine the optimal strategy of the social security administration. Our approach provides...