Market prices are well known to efficiently collect and aggregate diverse information regarding the value of commodities and assets. The role of markets has been particularly suitable to pricing financial securities. This article provides an alternative application of the pricing mechanism to marketing research using pseudo-securities markets to measure preferences over new product concepts. Su...

Models of spatial competition are typically static, and exhibit multiple freeentry equilibria. Incumbent firms can earn rents in equilibrium because any potential entrant expects a significantly lower market share (since it must fit into a niche between incumbent firms) along with fiercer price competition. Previous research has usually concentrated on the zero-profit equilibrium, at which ther...

Accounting practices differ across geographic and political boundaries, across sectors of the economy within these boundaries, and across types of organizations. Globalization exerts a homogenizing force across the political and jurisdictional boundaries with mixed consequences. The development of markets for various factors of production exerts a similar integrative force across sectors of the...

Mobile application markets thrive, yet they are held back from their full potential by the information asymmetry between application developers and application consumers. A consumer has no way to gauge the security or reliability of an application, and a developer has no way to differentiate his application from that of the competition based on these factors. We argue that the centralized natur...

Acknowledgements: We thank the two anonymous reviewers as well as Arina Soukhoroukova, Agnieszka Wolk and the participants of the " DIMACS Workshop on Markets as Predictive Devices (Information Markets) " at Rutgers University for their valuable feedback. of new products & innovation management. His research interests include technology and innovation management, new product development and ent...

Product summaries are produced by the Financial Markets Unit of the Supervision and Regulation Department of the Federal Reserve Bank of Chicago. Product summaries are published periodically as events warrant and are intended to further examiner understanding of the functions and risks of various financial markets products relevant to the banking industry. While not fully exhaustive of all the ...

Electronic markets in recent decades contribute remarkably in business transactions. Many organizations consider traditional ways of trade non-economical and therefore they do trade only through electronic markets. There are different categorizations of electronic markets functions. In one classification, functions of electronic markets are categorized into classes as information, transactions,...

New product innovation is a strategic business activity that requires significant financial resources and considerable managerial attention. Most new product launches fail because existing methods are unable to forecast their commercial successes accurately. This article describes a market-based method to address this gap. It capitalizes on the power of the “wisdom of crowds” by allowing people...