The advance selling strategy is implemented when a firm offers consumers the opportunity to order its product in advance of the regular selling season. Advance selling reduces uncertainty for both the firm and the buyer and enables the firm to update its forecast of future demand. The distinctive feature of the present study of advance selling is that we divide consumers into two groups, experi...

In a model of a competitive industry selling base goods and add-ons, we investigate the conditions under which citizen-consumers will support policies that eliminate behavioral inefficiencies induced by näıve consumers. Unregulated competitive markets have two effects: they produce deadweight losses, and they redistribute income away from biased consumers. Both unbiased and näıve consumers beli...

Biobank policy and regulations profoundly vary between different societies. One area with profound differences in culture and tradition concerns commercialization, and the possibility of using the human body as a capital resource. In the United States there is acceptance of this possibility, whereas European law is based on principles that categorically prohibit selling parts of the human body....

A major challenge facing contemporary industrial organization lies in effective supply chain integration. Toward this end, developments in e-business technologies and standards have made the creation of operational linkages—the linking of systems, procedures, and routines of buying and selling organizations—increasingly affordable. In this paper, we evaluate the effectiveness of a particular e-...

In this paper, emphasis is put on a case study that deals with a system for distributing heat generated in a centralized location for residential and commercial heating requirements. This idea is integrated in the concept called “Energy Hub,” which is a conceptual cluster of local energy converters and storages. It’s supplied by multiple energy carriers coming from an existing grid or from loca...

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“Sell Globally” and “Shop Globally” have been seen as a potential benefit of web-enabled electronic business. One important step toward realizing this benefit is to know how things are selling in various parts of the world. A global price comparison service would address this need. But there have not been many such services. In this paper, we use a case study of global price dispersion to illus...