Market characteristics, including intrinsic demand and customer sensitivity on price and product performance level, are distinct at different markets. Comparisons of various product development strategies in one market or two geographically separated markets are conducted for three classes of products: development intensive products (DIPs) with constant unit cost, marginal cost-intensive produc...

We show that successful foreign market entry is related to the extent of foreign presence in an industry at the time of entry. Survival of 31 Canadian-based businesses that entered 24 U.S. medical sector markets between 1968 and 1989 tended to be somewhat longer in product markets in which foreign-based businesses held a moderate market share when the Canadian businesses entered than in low and...

Asymmetric information and adverse selection widely exist in used product markets. However, current C2C markets have two significant features: dynamic online evaluation system and “smarter” buyers (defined as customers with more prior information). In our primary analysis on the first feature, we find that higher quality used items are available in C2C markets and the size of the markets become...

The study analyses the relationship between access to rural product markets and the extent and nature of child labour. It is built on the view that if physical markets can shape rural development through, for instance, influencing prices, household production decisions and employment, the associated activity growth could increase child labour. Using household survey data from Uganda, I find tha...

Electronic markets for information-intensive products are characterized by less than complete information about some product attributes even though these attributes influence the buyer’s purchase decision. We term this as an “Information Deficit” and investigate this phenomenon through an analytical model and through analysis of an extensive collection of data from currently functional online m...

Darknet markets are online services behind Tor where cybercriminals trade illegal goods and stolen datasets. In recent years, security analysts and law enforcement start to investigate the darknet markets to study the cybercriminal networks and predict future incidents. However, vendors in these markets often create multiple accounts (i.e., Sybils), making it challenging to infer the relationsh...

a r t i c l e i n f o We examine oligopoly models of vertical product differentiation in which producing firms face variable costs of quality development. We show that comparing to private oligopoly, mixed oligopoly – whereby state-owned enterprises (SOEs) and private firms coexist – enhances social welfare but reduces firms' profitability. We also demonstrate that Bertrand competition makes fi...

The example of the youth mobile phone market is used for pilot empirical testing of a model of consumers’ decision making, based on common features of consumer behaviour in mature markets of information and high technology products. Firstly, we discuss the key properties of mature high technology markets which affect market behaviour and strategies. These properties include: established custome...

Clear communication of product and price is essential to any economic interaction. Energy pricing varies according to regulatory regime and social policy across the country. The outcome of these various approaches can be summarized in all cases as a simple price. Clear standards for communicating that price are necessary for the development of national markets for systems and software that inte...