This study investigates whether a consumer’s need for social affiliation and a consumer’s relationship proneness impact behavioural intentions (word-of-mouth communication, price sensitivity, repeat purchasing) towards a hairdresser’s. Data were collected from a systematic sample of a...

In this paper, we question whether there is a catch-up effect or announcement effectin Foreign Direct Investment (FDI) from the European Union (EU) to the ten EU accession countries. We study FDI outflows from the Netherlands, a small open economy with few historical ties to Eastern Europe, and...

Bargaining problems are considered where the preferences of the bargainers deviate from expected utility but can be modelled according to rank dependent utility theory. Under rank dependent utility two factors influence the risk attitude of a decision maker: the utility function and the...

This paper analyses the joint behaviour of hourly wages and standard hours in the Netherlands. With respect to the development of full-time hours to different hypotheses are suggested: work-sharing or productivity-sharing. Under the work-sharing hypothesis, high unemployment would lead to...

Bresnahan and Reiss (1991) derive entry thresholds (equilibrium numbers of firms) for local markets but do not investigate actual entry and exit flows. This paper investigates for thirteen Belgian retail and service industries whether markets with actual numbers of firms higher (lower) than the...

In this paper we consider the two-machine ow shop problem with varying machine speeds. We present an algorithm which determines the optimal permutations for all machine speeds in O ( n log n ) time, where n is the number of jobs. To achieve this bound on the running time, the algorithm employs...

This paper is the first to introduce an algorithm to compute stationary equilibria in stochastic games, and shows convergence of the algorithm for almost all such games. Moreover, since in general the number of stationary equilibria is overwhelming, we pay attention to the issue of equilibrium...

In this paper we prove the following fixed point theorem. Consider a non-empty bounded polyhedron P and a function ƒ : P → P such that for every x є P for which ƒ (x) ≠ x there exists δ 0 such that for all y, z є B (x, δ) ∩ P it holds that (ƒ(y)-y)2 (ƒ(z)-z) ≤ 0, where B (x, δ)...

This paper contributes to the econometric literature on structural breaks by proposing a test for parameter stability in VAR models at a particular frequency 'omega', where 'omega is an element of [0, pi]'.When a dynamic model is affected by a structural break, the new tests allow for detecting...

Both in game theory and in general equilibrium theory there exists a number of universally stable adjustment processes. In game theory these processes typically serve the role of selecting a Nash equilibrium. Examples are the tracing procedure of Harsanyi and Selten or the equilibrium selection...