Demand-based pricing is underused in many service industries, because customers are believed to perceive such pricing as unfair. Fencing can be highly effective in improving the perceived fairness of demand-based pricing. In this study, five fences were explored in a restaurant context across three countries (Singapore, Sweden, and the United States). Demand-based pricing in the form of coupons...

This study estimates the effects of Internet usage, financial development and trade openness on economic growth using annual time series data for South Africa for the period 1991-2013. Structural unit root test and Johansen and ARDL cointegration tests are performed to examine the long run relationship amongst Internet usage, financial development, trade openness and economic growth. Findings f...

Let X be an IR-valued continuous semimartingale, T a fixed time horizon and Θ the space of all IR-valued predictable X-integrable processes such that the stochastic integral G(θ) = ∫ θdX is a square-integrable semimartingale. A recent paper of Delbaen/Monat/Schachermayer/Schweizer/Stricker (1996) gives necessary and sufficient conditions on X for GT (Θ) to be closed in L(P ). In this paper, we ...

The ratio of trade to GDP is often used as a summary measure country's openness the rest world. It well known that trade-GDP affected by relatively time-invariant factors, such country size and remoteness from trading partners, can largely be controlled for in cross-country panels using fixed effects. shown here there are also other important, time-varying influences on have been little investi...

The finance–openness debate has remained a complex one to date. Some studies argue that trade and capital account openness may promote financial development by enhancing foreign direct portfolio investments. Other improve policy openness. Yet, challenge faced researchers in their quest unravel the is lack of measures take country's global interaction interconnectedness into account. Our study a...

This paper provides an empirical and theoretical investigation into the relationship between trade openness and the e↵ects of monetary policy changes. Using data from US industries at a 4-digit SIC level from 1972 to 2005, the empirical analysis reveals a negative relationship between trade openness and the e↵ects of identified monetary policy shocks on the output of manufacturing industries. B...

Calculating test validity as an instrument of educational achievement level determination, is one of the main research tasks, especially on a state level. The system of HEI admission must be based on the principles of fairness and openness. This can only be achieved by conducting systematic admission test result analysis both in the context of organization processes and within the assessment of...