When entering foreign markets, software firms need to make a fundamental choice on the distribution arrangements for software and related services. This choice may involve contracting with local partners or entering foreign markets through company-owned channels. This study focuses on analyzing such boundary choices of software product firms in international markets. Taking a knowledge-based pe...

The Traveling Purchaser Problem (TPP) looks for a tour visiting a subset of markets to satisfy a positive discrete demand for some products at minimum traveling and purchasing costs. The problem is known to be NP-hard in the strong sense, and finds application in different real contexts. Frequently, as a static problem, the TPP lacks of realism: different purchasers may compete for the same res...

I began to wonder about the larger question of whether there was any ethical obligation of these pharmaceutical companies to develop, produce or supply medicinal products to markets that either cannot afford them or that are too small to bring a return on the investment. After all, few would argue that a computer company has a moral obligation to develop a product for a small unprofitable marke...

Cooperation between manufacturing enterprises has recently become widespread in order to cope with newly emerged challenges, such as growing customer expectations, increasing product variety and decreasing product lifecycles. Nowadays the response to these challenges seems to be the formation of tight relations in supply chains and networks, which enables joint handling of market risks and invo...

This paper presents the findings of a survey of 237 high tech small and medium sized businesses based in the UK. The survey is part of an ongoing comparative study of high tech small businesses in the UK and Japan. The paper describes the growth, innovative activity and market structure of businesses studied. Based on characteristics of the businesses and their CEOs five ‘types’ of high tech sm...

We consider a Mirrleesian model of optimal income taxation with endogenous product prices. Given endogenous prices, any redistribution of income in the economy affects social welfare not only directly, but also through its influence on the level of product prices. To correct for this price externality, the optimal income tax schedule includes a new Pigouvian term. For competitive markets with i...

Marketing of innovation is highly complex because the potential customers usually are unaware of the new product. In the same way, the markets as known in traditional marketing are frequently absent. The biotechnology is based on a crosssectional knowledge, which represents a particular challenge and is different from other more mature and more traditional market products. Customers and biotech...

a r t i c l e i n f o Innovation-driven durable goods markets see substantial changes in quality and available choice sets and subsequent changes of the reference quality in the market over time. Considering the multi-attribute characteristics of these goods, it is important for businesses to identify attribute-specific competitive landscapes and develop competitive innovation strategies at the...

The American lumber market has gone through various demand and supply shocks for 40 years, and has been particularly shaped by harvesting restrictions in the Pacific Northwest. Linkage of lumber markets has considerably changed since then, with the most observable alteration in price fluctuation. In this study, the degree of spatial price linkage between the South and Pacific Northwest markets ...