This paper examines how much structural change there was in the U.S. economy in the last half of the 1990s. The results are consistent with the hypothesis that there was only one major structural change, namely the huge increase in stock prices relative to earnings. All other large changes can be explained by this change. There is no obvious reason for the large increase in stock prices relativ...

Mobile-internet enabled information and communications processes allow people to share their assets in what is termed the Sharing Economy. Entrepreneurs are reaping huge financial gains but many challenges remain. Many would contend that a business concept such as Supply Chain Management does not exactly fit the definition of the sharing economy. The writer argues that Sharing Economy businesse...

In the past few years, Sharing Economy (SE) has become increasingly popular mainly for consumer research. Past research focused on describing the phenomenon itself and its disrupting influences on current economic mechanisms. However, information systems (IS) research and scientific literature in general still lack a common understanding of SE and its underlying mechanisms. We therefore elabora...

â â â  â â â  nowadays, the world economies are rapidly moving towards being more knowledge-based economy (kbe) and supporting the force of knowledge as a vital component of economic growth. this recent acceleration in the transition to knowledge-based economy in the world, has affected regional economic performance. in this paper, we surveyed the regional convergence in knowledge-based economy...

Together with a sense of entering a New Economy, the US experienced in the second half of the 1990s an economic expansion, a stock market boom, a financing boom for new firms and productivity gains. In this paper, we propose an interpretation of these events within a general equilibrium model with financial frictions and decreasing returns to scale in production. We show that the mere prospect ...

The growth of the sharing economy is driven by the emergence of sharing platforms, e.g., Uber and Lyft, that match owners looking to share their resources with customers looking to rent them. The design of such platforms is a complex mixture of economics and engineering, and how to “optimally”design such platforms is still an open problem. In this paper, we focus on the design of prices and sub...

In this paper we argue that the business model underlying the new economy is based on the following interrelated and self-reinforcing forces: 1. The development of a new strategy of opportunity, which focuses on the use of creative innovation to open up new market spaces, rather than using exploitive innovation to prolong the life of

Sharing economy is a transformative socio-economic phenomenon built around the idea of sharing underused resources and services, e.g. transportation and housing, thereby reducing costs and extracting value. Anticipating continued reduction in the cost of electricity storage, we look into the potential opportunity in electrical power system where consumers share storage with each other. We consi...

BACKGROUND Historically, implementing nutrition policy has confronted persistent obstacles, with many of these obstacles arising from political economy sources. While there has been increased global policy attention to improving nutrition in recent years, the difficulty of translating this policy momentum into results remains. DISCUSSION We present key political economy themes emanating from ...