This paper studies the export decision of risk-averse firms in a model featuring aggregate uncertainty and no capital markets. Firms seeking to enter the foreign market face a sunk cost as well as a fixed participation cost every period they export. Using a calibrated version of the model, I...

Although typically overlooked, many purchase datasets exhibit a high incidence of products with zero sales. We propose a new estimator for the Random-Coefficients Logit demand system for purchase datasets with zero-valued market shares. The identification of the demand parameters is based on a...

This Article is a survey of the highlights of noteworthy sales cases from 2010 decided under Article 2 of the Uniform Commercial Code. Particular Article 2 highlights include the warranty cases of Teter v. Glass Onion, Inc., (formation under 2-204) In re Ebro Foods, Inc. (2-206 and 2-207), Lion...

Sales surprise (SS) is a significant factor in a firm's inventory turnover (ITO). In order to estimate SS, it is necessary to select an appropriate approach of sales forecasting. The current study's main purpose is to examine the effects of SS on ITO. The data was gained from the Albertina...

Der zunehmende Einsatz von Anlagen zur Bewässerung sowie mangelnde Erfahrungswerte und Unkenntnis über den richtigen Einsatz der künstlichen Bewässerung haben in den letzten Jahrzehnten zu einer massiven Zunahme der Versalzung des Bodens geführt. Durch diese Bodenversalzung werden weite...