This paper considers the implications of increasing land supply constraints in the United States on urban demand. First, because shifts in demand are now capitalized more into the price of land, house prices in some metropolitan areas have grown increasingly unaffordable to typical households. This might have an effect on the fundamental character of such cities. Second, the effect of home owne...

In two-sided markets an intermediary brings together two distinct customer populations, such as buyers and sellers on an e-commerce platform. In these markets the growth process of customer populations depends on network effects both within and between buyers and sellers. Thus, assigning IT investments to customer populations and quantifying the monetary value of these investments is complex. W...

When seeking new leaders, business and government organizations alike often need individuals that are less risk averse, or even risk-seeking, in order to improve performance. However, individuals amenable to increased risktaking may be more likely to engage in misconduct. To study this issue, we explore US political scandals and the implicated politicians’portfolio choices. We find that a polit...

Productivity is a comprehensive problem in many countries. Particularly in construction and resources sectors, low productivity will potentially discourage future investments as building assets is becoming more and more unaffordable and unsustainable. In recent years, Building Information Modelling (BIM) is becoming much more active than ever. In order to fully realize where BIM is believed to ...

Often, the lack of mark-to-market data lures investors into the misconception that alternative asset classes and strategies represent somewhat of a “free lunch.” This article proposes solutions to measuring mark-tomarket risk in alternative and illiquid investments. The authors describe how to estimate risk factor exposures when the available asset return series may be smoothed (owing to the di...

The paper studies the legal protection of databases and especially the European database sui generis right from the mobile business perspective. First, we discuss about arguments in favor and against legal protection with respect to current databases. Next, we describe the future model of mobile peerto-peer databases. Finally, we analyze how the database right suits to the future databases and ...

Two separately developed views within the strategic management literature elucidate the source of a firm’s competitive advantage based on the internal attributes of the firm: the resource-based view (Wernerfelt, 1984) and the distinctive competence view (Selznick, 1957). As developed in the literature, however, both views neglect important dimensions which inhibit the achievement of competitive...

In making its investment decisions, a venture capital firm must consider whether to specialize exclusively in one sector or to spread its investments across several sectors. While spreading investments across sectors has benefits – such as diversifying the firm’s holdings and opening up a larger pool of investment opportunities – it reduces the benefits of specialization, namely that a speciali...

Profit-seeking organizations make investment decisions with financial implications. These decisions are often complicated by (i) market uncertainties about investment payoffs, (ii) the possibility to select a portfolio of investments, and (iii) the presence of real options, which make it possible to postpone investments until some uncertainties are resolved. Quantitative support for these decis...

With the enormous investments in Information Technology (IT), the question of payoffs from IT has become increasingly important. Organizations continue to question the benefits from IT investments especially in conjunction with corporate initiatives such as business process reengineering (BPR). Furthermore, the impact of technology on nonfmancial outcomes such as customer satisfaction and quali...