In developing industries rms have to decide whether and when to enter the market depending on the state of demand, existing rms in the industry, and the rm's capabilities. This paper investigates a model of increasing demand, in which rms decide when to enter the market anticipating the strategic behavior of other potential entrants, and the e ects of entry on future potential entrants. The pap...

The efficient market hypothesis states that an efficient market immediately incorporates all available information into the price of the traded entity. It is well established that the stock market is not an efficient market as it consists of numerous traders with differing strategies and interpretations of information. However there is substantial evidence to suggest that the stock market does ...

Supermarkets and hypermarkets already dominate the markets of some larger cities, and their continued expansion from major cities into smaller cities is expected to further drive competition in the grocery retail sector. Of the various retail channels, hypermarkets are expected to have the most growth potential in the Chinese market and are benefitting from consumer trends toward convenience an...

Most skills acquired through on-the-job training may be specific to an occupation and therefore transferable to some but not all firms. However, economists have typically focused on skills that are either specific to a given firm or skills that are completely general. This paper explores the relationship between the size of the local market for an occupation-specific skill and job-training outc...

Deregulation policy has caused some changes in the concepts of power systems reliability assessment and enhancement. In this paper, generation reliability is considered, and a method for its assessment using intelligent systems is proposed. Also, because of power market and generators’ forced outages stochastic behavior, Monte Carlo Simulation is used for reliability evaluation. Generation r...

Purpose The purpose of this paper is to develop Delphi methodology toward a holistic method for forecasting market change. experienced its culmination in marketing research during the 1970s–1980s, but still has much offer both scholars and practitioners contexts where future changes are associated with ambiguity uncertainty. Design/methodology/approach This study revives by exemplifying how rec...