I show that when oligopolistic firms manufacture semidurable goods, second-hand markets can play a key role in supporting collusive behavior. This in spite of the fact that a monopolist manufacturer has an incentive to eliminate second-hand markets – a point made by a number of authors. The idea that second-hand markets facilitate collusion is supported by the many examples in which manufacture...

The working paper asks whether the millennium development goals (MDGs) have created opportunities for enlarging pro-poor policy choices at the country level. It concludes that in most countries the policy framework is not yet aligned with the fundamental objective of reducing human poverty. Poverty reduction continues to be seen as an automatic by-product of economic growth and macroeconomic st...

In this article, by considering both a limited number of failure replacements and random working cycles as warranty terms, hybrid (HW) is designed from the manufacturer’s point view to warrant product that does successive projects at cycles. The cost produced HW derived analyzed. By defining warrants product, two types post-warranty replacement models are investigated consumer’s ensure reliabil...

At one time, JEAB editorial policy was perceived by some to consist mainly of dogmatically enforcing a Skinnerian interpretation of all findings reported in the journal. Partly in response to that undeserved reputation, the journal explicitly defined itself as the place to publish research on the behavior of individual organisms, and not as a place that encourages any particular theoretical ori...

Poverty causes illiteracy and illiteracy causes poverty. No country today better exemplifies this cycle than Pakistan, where most educational plans and policies have failed to make any significant contribution towards increase in literacy rates. The objective of this paper is to critically examine the improvement in educational status and poverty by analyzing the Pro-Poor Growth Index & Poverty...

Abstract Standard life cycle techniques such as warranty cost (LCWC) analysis and (LCA) are used to respectively quantify the relative economical environmental advantages of remanufactured goods while simultaneously identifying avenues for improvement. In this paper, we contribute literature on studies by incorporating reliability into LCWC LCA with goal improving long-term/multiple decision ma...

This paper presents the effects of a free-repair warranty on the periodic replacement policy in discrete time process. Consider a repairable product that should be operating at the time over an indefinitely long operation cycle n (     , 2 , 1 n ); under the discrete-time periodic replacement policy, a product is preventively replaced at pre-specified operation cycles    , 3 , 2 , N N N ...

Hardware trends in the personal computing industry adversely impact the sale of extended warranties. Steep declines in PC prices, including the introduction of new low-priced hardware categories like netbooks, make replacing one's PC an increasingly viable alternative to paying for repairs or buying an extended warranty. Frequent improvements in PC functionality further tilt the scales in favor...

demand is assumed constant in the classical economic order quantity (eoq) model. however, in the real world, the demand is dependent on many factors such as the selling price, warranty of product and marketing effort. in addition pricing and ordering quantity decisions are interdependent for a seller when demand for the product is price sensitive in the inventory models. these types of models a...