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We investigate the situation where a customer experiencing an inventory stockout at a retailer potentially leaves the firm's market. In classical inventory theory, a unit stockout penalty cost has been used as a surrogate to mimic the economic effect of such a departure; in this study, we...
Persistent link: https://www.econbiz.de/10009431041
Purpose - This paper evaluates the comparative progress of Asda in the UK since its surprise takeover by Wal-Mart in 1999. Wal-Mart expected to become the #1 retailer in the UK and many commentators saw massive problems ahead for local retailers. These expectations were not met; this paper...
Persistent link: https://www.econbiz.de/10009465849
This paper analyses the institutional framework for pharmacies in Germany and competition in that sector, which is … characterized by significant competition deficits. Based on our diagnosis and findings the advantages and disadvantages of two …
Persistent link: https://www.econbiz.de/10010305916
neighbours are subject to similar environmental conditions, but the confounding influence of competition was also observed over …
Persistent link: https://www.econbiz.de/10009448357
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A proposal for moving from price-centric to innovation-centric competition policy, reviewing theory and evidence on … economic incentives for innovation. Competition policy and antitrust enforcement have traditionally focused on prices rather … than innovation. Economic theory shows the ways that price competition benefits consumers; and courts, antitrust agencies …
Persistent link: https://www.econbiz.de/10013465592
The article summarises the essence of airport infrastructure and explores the roles of production airport infrastructure in the world air transport system. It is noted that airport infrastructure is a complex dynamic subsystem of global production infrastructure of the world economy and is aimed...
Persistent link: https://www.econbiz.de/10013286713