The Sale of Goods Act 1962 (Act 137) put a statutory footing on implied conditions for the quality and fitness goods in every contract involving sale Ghana. functionality hinges taking place ordinary course seller’s business. This article evaluates concept business under which apply paper argues that current definition law Ghana, is narrow to disadvantage buyers goods. Consequently, this advoca...

Positive externalities characterize the consumption of a majority class of information goods and services such as software, e-mail, and online content and services including virtual communities. We show that network externality is critical for the market segmentation and product line decisions of an information goods seller. With externality, a monopoly of multiple existing products offers exac...

This paper contributes to the promotion of multidisciplinary research on ethical consumerism by providing experimental evidence consumer's willingness reward sellers paying higher wages their workers. We analyze repeated interactions occurring between workers, sellers, and consumers within framework an market. By successfully performing a task, workers allow offer good through Sellers set price...

We study a simple model of the world economy where the engine of growth is the flows of ideas. Ideas are assumed to diffuse randomly across pair of goods, where the processes used in the production of the lower cost good is adopted. We assume that producers in a country can learn from all sellers of goods to this country. We analyze how trade in goods, and impediments to it, affect this diffusi...

A classical point of view in Economic Theory is that prices in markets serve as a communication mechanism between the participants (buyers and sellers) in the market. I will analyze the communication complexity (in the standard sense used in Theoretical Computer Science) required for obtaining efficiency and equilibrium in several scenarios of markets of indivisible goods. 2016 IEEE 57th Annual...

1. Overview and Summary The term price dispersion is commonly used to refer to firms in the same market selling identical goods for different prices at the same time. Since the early conjecture by Bakos (1997) that electronic markets are likely to feature lower price dispersion on account of lower search costs, a number of researchers have studied how information technology alters the observed ...

In Nigeria and most Developing Countries, buying and selling of goods are done in a market. This situation is faced with diverse problems. These problems include the need for buyers and sellers to come into physical contact, the necessary need for potential buyers to visit the shop and non-flexibility in time usage. In order to overcome these problems, an On-line Shopping Mart system (EasyShop)...

Network goods and platform-enabled marketplaces are a dominant part of industry and entrepreneurship today. Firms selling these products task selling agents to recruit network participants. This creates a novel agency problem, distinct from one encountered with traditional goods because of externalities created by network effects. We analyze this managerial problem within a principal-agent fram...

In the age of electronic commerce, with low-cost information access, it has been recognized that a bundle search in a combinatorial trade is very valuable for buyers. Optimal travel package search is one of the most prominent examples of bundle search, allowing buyers to exploit various discounts through business partnerships among sellers. There are many varieties of bundle search problem. In ...

We consider an environment where sellers compete over buyers. All sellers are a-priori identical and strategically signal buyers about the product they sell. In a setting motivated by on-line advertising in display ad exchanges, where firms use second price auctions, a firm’s strategy is a decision about its signaling scheme for a stream of goods (e.g. user impressions), and a buyer’s strategy ...