The paper introduces preference persistence into a dynamic discrete choice model of demand for durables. This persistence may arise, for example, when the products can be categorized into a few number of formats, which involve special knowledge, maintenance and upgrade. The standard optimal...

A new management structure proposal that relates the creation of competitive advantage with the key factors that drive the process.The literature on strategic direction affects the study of the characteristics that define the position of the organizations in the market. In 1997, Teece, Pisano...

The paper introduces preference persistence into a dynamic discrete choice model of demand for durables. This persistence may arise, for example, when the products can be categorized into a small number of formats, which involve special knowledge, maintenance and upgrade. This feature induces an...

The media industry has undergone a fundamental shift over the last decade as new online distribution channels have proliferated in an unprecedented manner. Although mobile devices have experienced rapid adoption among consumers, their effect on consumer behavior and their subsequent implications...

This paper analyzes competition between multiple proprietary and incompatible hardware systems when indirect network effects are present and software is provided competitively by third party developers. A discrete choice demand structure is employed within a game theoretic setting to allow for a...

The paper introduces preference persistence into a dynamic discrete choice model of demand for durables. This persistence may arise, for example, when the products can be categorized into a few number of formats, which involve special knowledge, maintenance and upgrade. The standard optimal...

This paper examines the influence of investments in China and brand-developing potential on operating performances (technical efficiency, return on assets, and Tobin's Q) with data drawn from samples of listed information-electronics industry firms in Taiwan between 1999 and 2003. We first apply...

A number of European countries, among them the UK and Spain, have opened up their Directory Enquiry Services (DQs) market to competition. In Spain, both local and foreign firms challenged the incumbent as of April 2003. The latter raised its rivals' costs and forced quality downgrading by...

Over the last twenty years there has been a deep concentration process in the Pension Fund Manager (AFPs) industry in Chile (from 21 firms in 1994 to only 6 in 2012). A major concern with the concentration of this industry is that firms might be able to exercise market power. However,...

Este trabajo cumple con dos objetivos principales. En primer lugar, se estima la función de costos de las administradoras de fondos de pensiones en Chile usando datos de panel desde 2000 a 2007. Se encuentran importantes economías de escala en la provisión de los servicios financieros,...