The purpose of the analysis presented in this paper is to answer why a specific price level of agri-food products is determined and accepted by both the consumer and processor, as well as by the agricultural producer and processor. An answer to this question requires presenting a number of...

This paper is a contribution to the sticky-price literature based on an assumption that a monopolist is constrained in setting prices instantaneously because of an announcement effect whereby consumers respond negatively to large price increases. In effect, demand becomes a function of price and...

This paper presents an equation of the dynamic path of prices in a monopolistically competitive market in which firms sell to both old and new customers. Both types are able to search for the lowest price, given search costs, where the expected number of searches is given by the inverse of the...

The paper explores Microsoft Excel as an alternative to graphic depiction in the analytics of quality-differentiated demand. Using the same linear demand and cost framework developed in earlier papers, Excel is shown to provide more precise point estimates than the more approximate comparisons...

A strong case can be made that the key determinant of a firm's long-term performance is its knowledge building proficiency. Knowledge building and value creation are opposite sides of the same coin. As such, this PowerPoint lays out six key learning objectives. First, knowledge building is the...

We consider technology choices between green and brown technologies by firms. We use insights from complexity theory and also take account of true uncertainty in designing public policy. The green technology offers relatively higher returns to scale from adoption, and there are type-contingent...

This paper summarizes the findings of papers presented at a conference on higher purpose in November, 2019. The conference brought together academic researchers as well as leaders of organizations to discuss the research and practice of higher purpose in organizations. It generated a wealth of...

We consider firms' choices between a clean technology that benefits, and a dirty technology that harms, the environment. Green firms are more suited to the clean, and brown firms are more suited to the dirty technology. We use a model derived from complexity theory that takes account of true...

This study provides formal theoretical evidence, to wit, `effort for increase to the stock of an agent's awareness' (`awareness effort') is a more native parameterization of the rationality of agents than any of, utility maximization, rational preferences, or rational heuristics. With awareness...

In a series of papers on incorporating quality considerations in the undergraduate microeconomic core, the analytics were based on graphical depiction and visual inspection of geometric areas to gauge market efficacy in response to quality related consumer preferences. This paper explores Excel...