Abstract This paper introduces asymmetric demand into an open-economy model. Domestic industries exhibit different export capabilities, and the export market attaches different preferences to them. My model shows how exports influence the market structure and productivity growth. If an industry exports more, the firms within the industry would face a higher domestic-market but lower export-mark...

This chapter presents an artificial stock market created to analyze market dynamics from the behavior of investors. It argues that information—delivered by financial intermediaries as rating agencies and considered as cognitive institution—directs the decisions of investors who are heterogeneous agents endowed with capabilities of learning in a changing environment. The objective is to demonstr...

d: M.A. of Business Management. University of Isfahan . [email protected] e: Isfahan University of Medical Sciences , [email protected] Knowledge as one of the greatest factors in creating value and competitive advantage, has led organizations to show great tendency toward programs of knowledge management. Understanding the relationship between infrastructural capabilities and process c...

As the title suggests, this paper compares two “formula” or mechanical investment techniques, dollar cost averaging and a relatively new proposal, value averaging, to a form of random investing to determine if any technique yields superior investment performance. Results indicate that value averaging does provide superior expected investment returns when investment prices are quite volatile and...

The mobile online medium (i.e. mobile data communication) allows the creation of context-sensitive profiles for mobile consumers by using identityand context information and thereby enabling the efficient targeting of current consumers' needs. However, current implementations of Mobile Marketing activities do not make use of these beneficial unique features and apply, for instance, content-base...

We separate the “rentier” portion of the budget constraint of the representative agent from the “income-plus-distributed profits” segment. The former’s wealth consists exclusively of returns on government bonds, the latter’s wealth is wage income from working for firms plus the distributed profits of the latter. The non-neoclassical element is the non-imposition of the market-clearing assumptio...

This study links the highly distinctive national contexts of the pharmaceutical industry to the evolution of innovative capabilities for Japanese drug firms from 1975 to 1995. During these two decades, the Japanese domestic environment for pharmaceuticals changed radically, encouraging a “bubble” of trivial innovations. Experience by Japanese firms in their domestic market predominantly determi...

Purpose The resource-based view (RBV) emphasises the importance of resources for firm performance. However, recent research argues that focus on performance should also be based inside-out (IO) and outside-in (OI) capabilities. Specifically, we study product development (an IO) market driving OI) entrepreneurial marketing capabilities in an emerging market. further investigates moderating effec...

Business agility has been considered as one of the key organizational capabilities in the modern business environment. The current research indicates that information technologies (IT) can help firms develop agility and in turn agility can improve firm performance, but how IT leads to agility and superior performance and under what circumstances is an ongoing consideration. In particular, while...