This paper investigates the effect of changes in the retention ratio, profit share, interest rate, and natural rate of growth on the rate of capital accumulation and the financial structure of firms by using a Kaleckian growth model with labor supply constraints. We show that if the economy exhibits a debt-burdened regime, depending on certain conditions, there could be cyclical fluctuations su...

This paper considers a multi-product newsboy system that produces multiple products for fulfilling independently uncertain demands, which share the same production capacity. To deal with possible shortage of limited capacity, productions can be outsourced. We consider two outsourcing strategies: zero lead time outsourcing, and nonzero lead time outsourcing. The structural properties and solutio...

In the course of piloting Teradyne from start-up to world ATE leader, Alex d'Arbeloff encountered all the challenges that have bedeviled the industry for decades—high volatility, a concentrated customer base, fast-changing technology, overseas competition, etc. In his talk, Mr. d'Arbeloff will share some of the insights gained in the course of managing Teradyne for almost 40 years, in the hope ...

As an effective way to share corporate social responsibility, corporate donation comes forth rapidly and has become a tendency. Based on the relative study, we construct the theoretical model and analyze the relationship between corporate donation and corporate competitive advantage. The results are listed that five donation characteristics, that is, donation aims, donation methods, donation su...

This paper examines whether the different types of block shareholdings will have a different impact on the extent of Web voluntary disclosure during the differential privatization stages. Prior literature suggests that block ownership may have a substitutive or complementary monitoring effect on corporate disclosure. However, for economies transferring from state endowment to being privately he...

Widely used information diffusion models such as Independent Cascade Model, Susceptible Infected Recovered (SIR) and others fail to acknowledge that information is constantly subject to modification. Some aspects of information diffusion are best explained by network structural characteristics while in some cases strong influence comes from individual decisions. We introduce reinvention, the ab...

This paper investigates whether and to what extent there is a conflict of interest between artists and their publishers, regarding to whether and to what degree illegal distributions of their copyrighted recordings should be prevented. This conflict arises because artists also earn their profit from other market activities such as giving live performances, in addition to their share of profits ...

We consider various axioms for customer behaviour using utility functions and socalled “reservation prices” and then based on these axioms, we discuss some mathematical models (employing integer programming, convex programming and classical nonlinear programming) for deciding on product prices to maximize the total profit (or perhaps another suitable objective function also involving minimizati...

Capacity choice or expansion, whether organic or via mergers and acquisitions, creates firms of widely varying scales. The ex-post profitability of such a transformed firm relative to its original size will typically be evaluated on ratio (rate) measures like earnings per share or profits to asset ratio, as such are the only meaningful ways to compare profitability of firms of substantially dif...

A network effect exists in many industries (e.g., newspaper publishing, media, software) in which a seller sells both a primary and a secondary product (e.g., a newspaper publisher sells newspapers to readers and advertising space to advertisers), and the value of the secondary product depends on the size of the user base of the primary product. This paper examines the competitive implications ...