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to return regime uncertainty increases the understanding of asset pricing. It also has important implications for asset …
Persistent link: https://www.econbiz.de/10015014006
Information Technology Governance (IT Governance) is an integral part of enterprise governance which aims at controlling the formulation and the implementation of strategic objectives of an organization. The implementation of IT governance strategies generates goals and projects whose...
Persistent link: https://www.econbiz.de/10012045897
In this article, an integrated sales and leasing company is considered. This company remanufactures leased products at the end of operating lease contracts to make them as good as new ones and sell them to the customers. In order to satisfy customers' demand, required products are provided from...
Persistent link: https://www.econbiz.de/10012046951
, we study the impact of such loss aversion on the retailer's optimal pricing and returns policies. We analyze three …
Persistent link: https://www.econbiz.de/10012046956
Abstract Economists and marketers are often interested in estimating demand for new products and in valuing other non-market goods. Due to the increasing recognition that elicited valuations are sensitive to whether decisions are hypothetical, economists have begun to utilize incentive...
Persistent link: https://www.econbiz.de/10014587456
Using data from more than 400 legal serials, I estimate the impact of six publisher mergers on law serial prices during the period, 1990-2000. The results suggest that merger-related price increases were substantial during this period, even after accounting for secular price trends. Furthermore,...
Persistent link: https://www.econbiz.de/10014587499
When the seller of an asset grants a right-of-first-refusal to a buyer, this special buyer has the opportunity to purchase the asset at the best price the seller can obtain from the other potential buyers. We show that the right-of-first-refusal is inefficient, and it benefits the special buyer...
Persistent link: https://www.econbiz.de/10014588994
Abstract This paper provides an explanation for noisy pricing based on the strategic interaction of two firms competing … in prices. When a firm adds noise to its prices, undercutting it becomes harder. Therefore, noisy pricing allows a firm …
Persistent link: https://www.econbiz.de/10014589012
This study examines the dispersion in prices for homogeneous grocery products, and studies the effect of product characteristics, demographic characteristics of consumers, and market structure on search costs and price dispersion. The findings show that price dispersion is affected by search...
Persistent link: https://www.econbiz.de/10014601237
This article investigates the impacts of private labels (PLs) on fluid milk prices and price differentials using 2,759 supermarket-level observations from 10 cities. Non-parametric results reveal that although PL milk prices decrease as PL milk shares expand, eventually the effect is to increase...
Persistent link: https://www.econbiz.de/10014601263