Although a vital part of the economy, the Korean textile industry has been challenged by the recent reduction of international trade barriers, particularly as this industry was fully integrated into GATT in 2005. The textile industries in Japan and many other countries have also faced...

What are the implications of digitalization for prices? This paper explores this question by looking at the various channels through which digitalization can affect prices. First, we assess the importance of the direct channel - the prices of digital goods and services in the consumer price...

The paper demonstrates a potential theoretical problem in achieving general equilibrium in an economy composed of firms maximizing income per worker; a problem which suggests that disequilibria in a labor- managed economy might be a rule rather than exception.

Despite increasing competition from newly industrializing countries, Italy’s textile industry has continued to be an important contributor to the domestic economy. Many observers attribute this resilience to the industry’s focus on quality. Here, we take note of that view but also examine...

The full integration of the textile industry into GATT, which with some exceptions occurred on January 1, 2005, is likely to greatly impact the global textile and apparel industries. In particular,one prediction is that the South African industries are likely to be "decimated." The actual effect...

Though the majority of standards are company standards, scientific standardisation literature pays hardly any attention to them. In this paper we describe results from a research project on company standardisation (Oly & Slob, 1999). The researchers investigated six chemical and petrochemical...

Systems are composed of complementary products (e.g., video game systems are composed of the video game console and video games). Prior literature on indirect network effects argues that, in system markets, sales of the primary product (often referred to as "hardware") largely depend on the...