Price cap regulation (PCR) has now been employed in the telecommunications industry for more than a quarter century. We review the experience with PCR and offer an explanation for its popularity. PCR’s design flexibility, its ability to limit undesirable strategic behavior, declining industry costs, and developing competition all enhanced the appeal of PCR. We also review some surprises that ha...

We study a model with local public goods in which agents’ crowding e¤ects are formally distinguished from their taste types. It has been shown that the core of such an economy can be decentralized with anonymous admission prices (which are closely related to cost share prices). Unfortunately, such a price system allows for an arbitrary relationship between the public goods level in a given juri...

The purpose of the research was to identify factors impelling buyers' attitude towards purchasing intention counterfeit products among customers. conceptual framework is proposed by different studies. All measures used were evaluated in terms their internal consistency also discriminant validity and convergent validate data questionnaire. A survey carried out on Oman market with 350 respondents...

The dual-credit policy is regarded as an important measure in the postsubsidy era of energy conservation and emission reduction auto industry concerned with all aspects society. In this paper, a research development cooperation model duopoly supply chain between suppliers manufacturers automotive constructed, influence double integral on discussed based power perspective theory chain. results s...

Barron and Klein (1) define consciousness very narrowly, excluding most of the attributes commonly associated with it (e.g., self-awareness). By limiting the definition to a form of information processing, they find that insects qualify. However, just to put this conclusion in perspective, by the same definition, some robots are also conscious and capable of subjective experience. Autonomous, s...

This paper uses an adapted version of the linear tracing procedure, suggested by Harsanyi and Selten (1988), in order to discriminate between two types of multiple Nash equilibria. Equilibria of the same type are pay-off equivalent in the analysed multiple-unit unit price auction where two sellers compete in order to serve a fixed demand. The equilibria where the firm with the larger capacity b...

M often employ market response models as decision aids and historical information of competitors’ market outcomes to aid their competitive decisions in oligopolistic settings. However, little is known about how access to a decision aid or the availability of competitors’ market outcomes impact a firm’s competitive decisions (e.g., prices) or market outcomes resulting from those decisions (e.g.,...

The way that companies choose to define market segments influences which products they develop, drives the features incorporated in those products, and shapes how they take them to market. Segmentation schemes define who is framed as competitors; and how large specific market opportunities are believed to be. Most marketers segment their markets along lines defined by the characteristics of the...

We study procurement auctions in which, as is common in practice, a group of sellers (incumbents, qualified bidders) is given an advantage, based, for example, on better reliability, quality, or incumbency status. We show conditions under which for any given first price handicap auction, there is a simple second-price design which dominates it. This generalizes a previous result for the case of...