We develop a spatial model of oligopolistic competition in which firms simultaneously choose franchise locations and prices, and consumers receive uncorrelated firmspecific location shocks. Remarkably, when firms only differ along the endogenous contestable spatial dimension, they earn zero profits: while ex-post consumer heterogeneity ensures positive gross profits, competition for market shar...

Australia is one of the leading nations using the internet in both business-to-consumer (B2C) and business-tobusiness (B2B) settings (ABS 2004). However, little academic attention has been paid to the adoption of internetbased technology in the Australian franchising sector. Thus this paper addresses the problem of how Australian franchise organisations use internet-based technologies in their ...

Today’s converging entertainment industry creates ‘transmedial’ brand worlds in which consumers are expected to become immersed. Integrated marketing campaigns connected to these worlds encourage various kinds of consumer productivity and invite consumers to partake in brand-building processes. Consumers, thus, are increasingly counted on to act as co-producers of contemporary entertainment. Wh...

We develop a spatial model in which consumers receive firm-specific location shocks and firms endogenously determine both franchise/product locations and prices. Remarkably, firms fail to profit from endogenous product-specific heterogeneity alone: while ex-post consumer heterogeneity ensures positive gross profits, competition for market share results in socially-excessive product lines and ze...

This study provides evidence that franchise value improves insurers’ operating performance. Essentially coming from an insurer’s market power, franchise value includes the insurer’s brand royalty, business networking, and underwriting and claim specialty. High franchise value firms who could charge more, have lower operating costs, and have a larger client base are potentially more profitable. ...

While the Unified Approach reallocates taxing rights to market jurisdictions irrespective of existence any physical presence therein, such new are subject various qualifications and carve-outs. Concerns have already been raised that these scope limitations may complicate reform lead double taxation. Ultimately, issue limitation boils down policy rationale right for which this article submits a ...

In theory, competitive electricity markets can provide incentives for efficient investment in generating capacity. We show that if consumers and investors are risk averse, investment is efficient only if investors in generating capacity can sign long-term contracts with consumers. Otherwise the uncovered price risk increases financing costs, reduces equilibrium investment levels, distorts techn...

BACKGROUND Evidence is emerging on the cost-effectiveness, quality and health coverage of social franchises. But little is known about the motivations of providers to join or remain within a social franchise network, or the impact that franchise membership has on client volumes or revenue earnings. METHODS (i) Uncontrolled facility based of a random sample of 230 franchise members to assess s...

This paper examines the impact of receiving a new stadium on team franchise values. I argue that a new stadium will increase the franchise values of teams regardless of how construction was financed. A team playing in a stadium that it owns will be able to capitalize the value of the stadium in the team’s franchise value and will thus have a higher franchise value. Using panel data for Major Le...