Introduction: After Independence, the managers of the Indian economy took very cautious steps. They found the world sharply divided into two blocs: the one led by the capitalist economies (the US in particular) and other led by the communist economies, primarily the then USSR. There was a cold war between these two blocs. Lessdeveloped economies had no option than to join either of the two and ...

We revisit the problem of designing strategyproof mechanisms for allocating divisible items among two agents who have linear utilities, where payments are disallowed and there is no prior information on the agents’ preferences. The objective is to design strategyproof mechanisms which are competitive against the most efficient (but not strategyproof) mechanism. For the case with two items: • We...

In the new economy, firms are willing to pay abundant premiums for the significant entrepreneurial capacities of management and staff in order to develop, build, protect, transfer and integrate knowledge. Although companies and scholars have indeed recognized the value of knowledge management, they have not generally included customer, supplier, and competitor knowledge, preferring to emphasize...

On-demand ride-sharing, as one of the most representative sectors of sharing economy has received a lot of attention and significant debate. Limited conclusive empirical research has been done to investigate the social welfare of such service. In this research, we conduct difference-in-difference analysis to examine the impact of Uber, an on-demand appbased ride sharing service, on urban traffi...

The sharing economy originates from the development of new business models that help to record important data concerning economic development, by showing that they can attract the attention of investors and the public at large. This paper tackles the main issues related to technological development and to the ever increasing predominance of intangible or immaterial goods by focusing on the so-c...

The authors explore Massively Multiplayer Online Games (MMOG) business models in order to characterize two main problems: big initial investment and continuous expenditures. The four main actors of a MMOG environment – game producer, Game, Players and Business Model – are analysed resorting to Actor Network Theory in order to understand their alignment in Business Models and how they can influe...

In the past decade, technological advancements have led to changes in the economy with important implications for the strategic management of new ventures. In this paper, we argue that the dynamics of competition, success, and failure for new ventures have been significantly altered by the convergence of electronic technologies and the growing importance of knowledge-based assets. We proceed fr...

Pigeons made repeated choices between earning and exchanging reinforcer-specific tokens (green tokens exchangeable for food, red tokens exchangeable for water) and reinforcer-general tokens (white tokens exchangeable for food or water) in a closed token economy. Food and green food tokens could be earned on one panel; water and red water tokens could be earned on a second panel; white generaliz...

The adherents of the so-called New Economy claim that we are entering a new era with high output growth, low unemployment and low inflation. ICT investments in general and the increased use of the Internet play an important role in this claim. In the literature we find three different explanations for the low inflation experience. Increased productivity growth combined with sluggish adjustment ...