Summary This note explores the relationship between the price elasticity of demand and the R&D intensity of the product. We introduce the concept of R&D intensity into a standard Dixit- Stiglitz/Krugman-type setting. R&D activity is treated as a fixed cost of production. Within this framework,...

Summary “Which index formula at the elementary level, where no expenditure share weights are available, corresponds to a desired aggregate index?” To answer this question, this paper develops a statistical approach. It proposes a theoretical framework which makes it possible to achieve...

Purpose – The purpose of this paper is to use local-level time series data to examine the determinants of housing starts and the price elasticity of supply for the Aberdeen local housing market. Design/methodology/approach – Seven time series models are used in the analysis. The basic model...

Purpose Questionnaire measures of consumers’ willingness to pay (WTP) and price sensitivity are biased, yet these declarative methods can aid managerial decision-making. Additional choices involve which question formats to use (open-ended or discrete choice) and how many questions (unique...

Purpose Consumer price sensitivity has become a major issue over the past few decades. This paper aims to investigate the importance that insurance customers give to premiums, insurers, intermediary recommendations and bundling strategies. The relationship between attributes and consumer price...

For decades, agricultural price and trade policies in Sub-Saharan Africa hampered farmers' contributions to economic growth and poverty reduction. This paper draws on a modification of so-called trade restrictiveness indexes to provide theoretically precise partial-equilibrium indicators of the...

Purpose – The purpose of this study is to benchmark the use of process improvement techniques among US health care organizations that won the Malcolm Baldrige National Quality Award. Design/methodology/approach – The applications from 13 Baldrige award winning health care organizations were...

In culturally homogeneous groups there is a greater likelihood that values, including ethics values, of individual group members will coincide. Due to globalisation, changing demographics, and a desire for increased diversity, corporate cultures are becoming less homogeneous, thus increasing the...

Presents the empirical findings regarding the ethical attitudes of business people in four culturally and economically different countries (Russia, Slovenia, Turkey, and the United States) based on the assumptions of integrative social contracts theory. Given the quality of institutions in the...