The relatively poor economic performance of the St. Louis metropolitan area is alleged to have had important consequences for local employment opportunities. Since it is generally thought that the area’s depressed economy was due to the slump in automobile production, many commentators are pinning their pr-ojections for a recovery in the labor market on the current expansion in the area’s auto ...

Many studies show that asymmetric information exists in insurance markets, yet there is little consensus on the e↵ectiveness of interventions in these markets. This article provides empirical evidence that improving information about risk is not always welfare-improving. I show how the theoretical e↵ect of risk-rating can depend on whether the market is adverselyor advantageously-selected. I th...

A hierarchical framework is proposed to address the issues of modeling different type of words in keyword spotting (KWS). Keyword models are built at various levels according to the availability of training set resources for each individual word. The proposed approach improves the performance of KWS even when no training speech is available for the keywords. It also suggests an easier way to co...

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In this article the hedonic regression technique is used to estimate the value of traffic safety, using information from the Swedish market for automobiles. The results from the study show that the market price of an automobile is negatively correlated with its inherent risk level, i.e Swedish car consumers pay a safety premium for safer cars. In comparison to previous Swedish stated-preference...

BACKGROUND Existence or non-existence of adverse selection in insurance market is one of the important cases that have always been considered by insurers. Adverse selection is one of the consequences of asymmetric information. Theory of adverse selection states that high-risk individuals demand the insurance service more than low risk individuals do. METHODS The presence of adverse selection ...

Due to ever stricter emissions regulations the automobile industry struggles to reduce their products’ emissions of carbon dioxide. There are several technical options to solve the problem, all of them equally effective. A manufacturer could decide for minimum cost and move on. However, the problem should also be considered from a long-term perspective. Changes in the products’ characteristics ...

We develop a consumer-level model of vehicle choice to shed light on the erosion of the U.S. automobile manufacturers’ market share during the past decade. We examine the influence of vehicle attributes, brand loyalty, product line characteristics, and dealerships. We find that nearly all of the loss in market share for U.S. manufacturers can be explained by changes in basic vehicle attributes,...

the aim of this study was to design the strategic orientations model of market, brand and entrepreneurship in the food industry in iran.  the organizational decisions are not formed  in a vacuum but in the economic and cultural environmental context of each country, they are much influenced by many different factors. this study is of applied type and was conducted in two stages. first after an ...