The winner-takes-all business model followed by many U.S. Internet firms predicts that spending on intangibles will exhibit increasing profitability returns-to-scale. That is, larger expenditures should be more profitable per dollar of investment than small expenditures because larger...

This paper explores the value concept to understand the notions of value and price that form the base of value theories. Since value is more appreciate than utility in explaining value creation and value distribution in the today’s society and economy, the theory of value is amended to conduct...

The concept of valueʺ has become a central theme in many disciplines that tried to develop a clearer understanding of this vital concept in today's society and economy. Despite many concepts of value have gone through much theoretical transformation and adaptation to the existing contextual and...