			Home About us Contact

Demand Conditions (demand + condition)

Distribution by Scientific Domains

Business, Economics, Finance and Accounting	80%

Selected Abstracts

Competition in UKHigher Education: Competitive Advantage in the Research Assessment Exercise and Porter's Diamond Model

HIGHER EDUCATION QUARTERLY, Issue 4 2000
Paul J. CurranArticle first published online: 9 OCT 200
The UK public sector has been exposed to competition as a means of enhancing its performance. HE institutions now compete for resources on the basis of research. In this competitive environment the crucial question is not why one HE institution is more successful than another at research but why some institutions are home to a large number of departments that are successful. The answer lies in exploring what gives competitive advantage at the level of the department, discipline and nation. Porter' three layer ,diamond' model of competitive advantage is proposed as a framework for this exploration. This identified four major components: factor conditions (research orientation and accumulated wealth of institution); demand conditions (demand by academy for departmental research as measured by ability to secure external income/research students); related and supporting departments (research strength of institution and presence of a relevant cluster of research-strong departments) and departmental strategy, structure and rivalry (ability to focus departmental attention on the successful training of research students and publication in refereed journals). In a linked paper this model provided a framework to evaluate research performance in the discipline of geography (Curran, 2001). [source]

Increasing returns to scale from variable capacity utilization

INTERNATIONAL JOURNAL OF ECONOMIC THEORY, Issue 3 2007
Susheng Wang
E32; D24 We propose a unique model in which the firm varies capacity utilization by a variable number of shifts when facing demand fluctuations. In the long run, the firm optimally chooses a capacity level based on expected demand conditions. In the short run, when facing excess demand, the firm can increase variable inputs and the number of shifts to intensify the use of existing capacity. By endogenizing cost, demand and variability of capacity utilization, we show that variable capacity utilization can lead to increasing returns to scale. Hence, we predict increasing returns to scale when an economy expands in a business cycle. [source]

Market demand and the duration of business projects: the housing industry

MANAGERIAL AND DECISION ECONOMICS, Issue 7 2010
Kostas Axarloglou
In this study, we propose that companies strategically choose to pursue projects of certain duration according to the fluctuations in market demand conditions. During a market upturn, when more business opportunities are available, companies choose short projects, committing thus their resources for a short period of time and so to better exploit the upcoming business opportunities. On the other hand, in a market downturn projects of longer duration are preferable, since they protect the company from the consequences of adverse market conditions. Finally, these insights appear relevant at least in the US housing industry, where builders pursue longer building projects during the market downturn and shorter ones during the market upturn. Copyright © 2010 John Wiley & Sons, Ltd. [source]

Industry dynamics with stochastic demand

THE RAND JOURNAL OF ECONOMICS, Issue 1 2008
James Bergin
We study the dynamics of an industry subject to aggregate demand shocks where the productivity of a firm's technology evolves stochastically over time. To characterize the intertemporal evolution of the distribution of firms, we discuss in particular how exit decisions, aggregate output, profits, and distributions of firm productivities vary (a) across different demand realization paths; (b) along a demand history path, detailing the effects of continued good or bad market conditions; and (c) for different anticipated future market conditions. We show how poor demand conditions can lead to increased exit of low-productivity firms at all future dates and states and raise welfare due to the impact on exit decisions. [source]

Elegy, ode or panegyric?

AUSTRALIAN JOURNAL OF AGRICULTURAL & RESOURCE ECONOMICS, Issue 1 2001
Practising agricultural economics in Australia
Changes are investigated in the Australian agricultural economics profession, 1975,99, using a conventional microeconomics framework of supply and demand for agricultural economists. Aggregate exogenous factors such as changes in the agricultural and tertiary education sectors, and changes in beliefs about the proper role of government, have changed both supply and demand conditions for agricultural economists. The profession has responded by shifting its focus away from narrowly agricultural policy, especially marketing policy, towards areas of market failure such as environmental and natural resource issues. [source]