The paper aims to present the consumers’ perceptions in a volatile environment such as the one dominated by the economic crisis phenomenon. Our research starts with a short analysis of previous research papers that were focusing on the subject of consumers’ perceptions, putting an accent on...

This study assesses how customer value affects a firm's market orientation and consequently, competitive advantage and organizational performance in a service industry — the global hotel industry. The findings show that if a firm perceives its customers as valuing service, the firm is more...

The ability of households to insure consumption from adverse shocks is an important aspect of vulnerability to poverty. How is consumption insurance achieved in a low-income setting where formal credit and insurance markets have been observed to be imperfect or missing? Using 2003 data from the...

Health progress, as measured by the decline in mortality rates and the increase in life expectancy, is usuallyconceived as related to economic growth, especially in the long run. In this investigation it is shown thateconomic growth is positively associated with health progress in Sweden...

This paper examines the impact of breastfeeding practices on the large regional differences in infant mortality in Germany around 1910. Breastfeeding is strongly negatively associated with infant mortality and remains so after controlling for public health measures and for demographic, economic,...

We consider a monopolist selling durable goods to consumers with unit demands but different preferences for quality. The seller can offer items of different quality at the same time to induce buyers to self-select, as in Mussa-Rosen (1978), but is not artificially constrained to offer only one...

Tirole (1982) is commonly interpreted as proving that bubbles are impossible with finitely many rational traders with common priors. We study a simple variation of his model in which bubbles can occur, even though traders have common priors and common knowledge that the asset has no fundamental...

Emphasis on positivity in organizations in increasing, but the importance and credibility of a positive approach to change—exemplified by Positive Organizational Scholarship—remains controversial. More empirical evidence is needed showing that positive practices in organizations produce...

Positive organizational change is a paradox. On the one hand, natural human inclinations toward the positive and heliotropic tendencies foster a proclivity toward positive change in human systems. On the other hand, human beings react more strongly to negative than to positive stimuli, so the...

We exploit a unique outlet-level dataset from a multinational chain with over 2,500 outlets in 43 countries to investigate the effects of labor regulations that protect employment. The dataset contains information on output, materials, and labor costs at a weekly frequency over several years,...