We describe a dynamic model of financial intermediation in which fundamental characteristics of the economy imply a unique equilibrium path of bank and financial market lending. Yet we also show that economies whose fundamental characteristics have converged may continue to have very different financial structures. Because setting up financial markets is costly in our model, economies that emph...

Indian organisations have transformed organisational learning to face multiple challenges posed by external market conditions, legal and regulatory considerations and internal factors. The way Indian organisations have developed their learning platforms and learning delivery has been instrumental in equipping a global workforce with the required knowledge and skills. This has, in turn, reduced ...

Most of the research on transaction costs in the market microstructure literature focuses on implicit transaction costs. Research on the design of price schedules for explicit transaction fees is rare. This paper analyzes and classifies different price schedules and discusses their application to the market transaction business. The discussion highlights design issues and the need for a structu...

A fundamental assumption in this article is that not only the public administration but also semiprivate and private agencies provide electronic intermediaries between public services and citizens in a quasi-market situation. The theoretical framework of this study views markets as constructed in contrast to natural phenomena. In these processes of construction the role of technologies such as ...

The management of environmental programs affects a great variety of issues and involves several stakeholders with diverse, and often conflicting, concerns. Any methodology proposed for environmental decision making should, then, be capable of integrating technical and value-laden objectives in a framework which ensures process transparency. Furthermore, only a methodology simple and easy to imp...

During the past two decades financial systems world-wide have developed rapidly in terms of size, industry structure, and the range of products and services produced. In Australia the size of the financial system, measured by total assets, has approximately doubled relative to nominal GDP in the past twenty years, while in a number of other countries the growth has been even more dramatic. More...

A market orientation (MO) has long been an essential concept in marketing discipline. Advanced information technologies show a great potential for information acquisition, sharing, and dissemination, all of which are the essential processes of an MO. This paper proposes a framework of an Internet-mediated market orientation (IMO), in which the Internet functions as a transformer of the traditio...

We consider the existence of radially symmetric non-negative solutions for the boundary value problem -Au(x) = lf{u(x)) IMI < 1, x e RN{N > 2) u(x) = 0 ||*|| = 1 where X > 0, f(0) < 0 (non-positone), /' > 0 and / is superlinear. We establish existence of non-negative solutions for A small which extends some work of our previous paper on non-positone problems, where we considered the case N = \ ...