This short note provides a systematic construction of market models without unbounded profits but with arbitrage opportunities.

We report our analysis, using account data from a large discount brokerage firm, of the common stock investment performance of 166 investment clubs from February 1991 through January 1997. The average club tilted its common stock investment toward high-beta, small-cap growth stocks and turned over 65 percent of its portfolio annually. The average club lagged the performance of a broad-based mar...

In many cases, buyers must incur search costs to find the price of a product. This search cost affects the behavior of consumers, and through that, it affects the profit maximizing behavior of the firms. As search costs change, so do the competitive marketing mix strategies of the firms. In predicting the effect of changing search costs on the equilibrium prices and allocations, it is important...

Objective: Economic analysis was performed for the main horticultural crops in Buin Zahra (pistachio, peach, nectarine, and apple). There were dependent and independent variables in this research. Methods: The independent variables were planting method (mechanized and conventional), land area used for fruit production, and land ownership. The maximum energy used, mostly in the form of fossil fu...

Distributed energy storage (DES) on the user side has two commercial modes including peak load shaving and demand management as main profit to gain profits, capital recovery generally takes 8-9 years. In order further improve return rate investment of distributed storage, this paper proposes an optimized economic operation strategy with multi-profit mode operation. Considering three management,...

With the transformation of economic form from industrial economy into economy based on knowledge and the transformation of enterprise’s nature from “economic man” into “social-ecological-economic man”, enterprise’s sustainable growth becomes a more complex task. The objectives of the company should be derived by balancing the conflicting claims of the various 'stakeholders' in the firm, and max...

Whole cottonseed (WCS) and soybean meal (SBM) were evaluated as potential supplements for preconditioning beef calves in Florida. Weaned calves were fed 2.78 lb/hd/d as fed of WCS or 1.40 lb/hd/d as fed of SBM for a 42-d preconditioning period. Steer calves fed WCS had lower preconditioning weight gains than steers supplemented with SBM (30.7 lb/ hd vs 40.1lb/hd). An economic evaluation of prec...

This study contends that corporate trust is an essential prerequisite for any for-profit organisation that wants to enable and safeguard its long-term economic and organisational performance sustainably in a competitive environment (Ingenhoff & Sommer, 2010:339). In essence, corporate trust is regarded as an outcome of the systemic behaviour of a for-profit organisation, as a result of the proc...

Interest in cloud computing has grown significantly over the past few years both in the commercial and non-profit sectors. In the commercial sector, various companies have advanced economic arguments for the installation of cloud computing systems to service their clients’ needs. This paper focuses on non-profit educational institutions and analyzes some operational data from the Virtual Comput...