Different Markets (different + market)

Distribution by Scientific Domains

Terms modified by Different Markets

  • different market condition

  • Selected Abstracts


    What Happens When Wal-Mart Comes to Town: An Empirical Analysis of the Discount Retailing Industry

    ECONOMETRICA, Issue 6 2008
    Panle Jia
    In the past few decades multistore retailers, especially those with 100 or more stores, have experienced substantial growth. At the same time, there is widely reported public outcry over the impact of these chain stores on other retailers and local communities. This paper develops an empirical model to assess the impact of chain stores on other discount retailers and to quantify the size of the scale economies within a chain. The model has two key features. First, it allows for flexible competition patterns among all players. Second, for chains, it incorporates the scale economies that arise from operating multiple stores in nearby regions. In doing so, the model relaxes the commonly used assumption that entry in different markets is independent. The lattice theory is exploited to solve this complicated entry game among chains and other discount retailers in a large number of markets. It is found that the negative impact of Kmart's presence on Wal-Mart's profit was much stronger in 1988 than in 1997, while the opposite is true for the effect of Wal-Mart's presence on Kmart's profit. Having a chain store in a market makes roughly 50% of the discount stores unprofitable. Wal-Mart's expansion from the late 1980s to the late 1990s explains about 40,50% of the net change in the number of small discount stores and 30,40% for all other discount stores. Scale economies were important for Wal-Mart, but less so for Kmart, and the magnitude did not grow proportionately with the chains' sizes. [source]


    Portfolios of mobility: the movement of expertise in transnational corporations in two sectors , aerospace and extractive industries

    GLOBAL NETWORKS, Issue 1 2008
    JANE MILLAR
    Abstract This article is about how UK-based transnational corporations source expertise and move highly skilled people among their sites. TNCs rely heavily on their internal labour markets for skills. We examine patterns and trends in the ways that TNCs in two sectors, aerospace and extractives, dynamically orchestrate and deploy their networks of expertise internationally to address the demands of different markets. We chart the types of mobility that exist, identify how and why they are used, and explore some of the institutional, industrial, organizational and technological factors that influence these trends. We show that different types of mobility play distinct roles in organizations. Companies respond to mobility calls from diverse stimuli by linking together mobility options into portfolios of moves that represent negotiated responses to industrial and individual requirements. [source]


    An overview of the Sirius satellite radio system

    INTERNATIONAL JOURNAL OF SATELLITE COMMUNICATIONS AND NETWORKING, Issue 5 2008
    Riza Akturan
    Abstract This paper presents the system architecture and expected link availability for the Sirius satellite radio system for both the contiguous United States (CONUS) and Canada service regions. Sirius delivers over 100 channels of talk and music to subscribers in CONUS. The service is available to different markets, such as vehicles, homes, portables, marine, and aviation, and is offered on a subscription basis. Descriptions and performance of the Sirius system are detailed herein. Copyright © 2008 John Wiley & Sons, Ltd. [source]


    Spatial Pricing Policies Reconsidered: Monopoly Performance and Location

    JOURNAL OF REGIONAL SCIENCE, Issue 4 2001
    Lin-Ti Tan
    This paper reexamines the welfare implications of three pricing regimes (mill, uniform, and discriminatory) for a monopoly. Assuming linear demand and constant marginal costs, I show that with the introduction of endogenous location choice, uniform delivered pricing may provide the highest social welfare when demands in different markets are sufficiently heterogeneous; whereas discriminatory pricing always dominates uniform pricing when demands in different markets are similar. [source]


    The New Economic Sociology of Prices: An Analysis Inspired by the Austrian School of Economics

    AMERICAN JOURNAL OF ECONOMICS AND SOCIOLOGY, Issue 2 2010
    Renaud Fillieule
    The new economic sociology includes some reference studies on the sociology of prices. They have not until now been studied by economists, and this article attempts to fill that gap by offering a detailed analysis, inspired by the Austrian School of Economics, of their object and approach. We first show that, from a theoretical point of view, the explanations advanced by these sociologists are based implicitly on basic models of economics, such as the "law of supply and demand" and the "law of costs," and that they cannot therefore replace economic explanations of prices. Secondly, from a methodological point of view, these studies are based on field surveys that provide concrete information on certain markets but they lose sight of an aspect that is fundamental to the Austrian School, the interdependence of prices in different markets. And when this interdependence is taken into account, namely, in the case of the relationship between cost and price, the causal link postulated by sociologists goes from cost to price when Austrian economists argue that it goes in the opposite direction. [source]


    Modelling aviation fuel demand: the case of the United States and China

    OPEC ENERGY REVIEW, Issue 4 2008
    Dr. Mohammad Mazraati
    The aviation sector's contribution to the world economy is 8 per cent, while using 5.8 per cent of total world oil demand. Within the transportation sector, aviation consumes about 12.7 per cent of the total oil demanded by the transportation sector, with a growth rate of 2.32 per cent per annum in recent years, confirming the importance of aviation in the future energy market and economy. This paper considers modelling fuel demand in aviation sectors of two different markets. Jet fuel demand is modelled in the United States as a matured market and China as a fast growing market. A constant elasticity log-log model using recent data of passenger aviation traffic, freight aviation traffic and airline load factors for both countries. Economic growth and fuel prices were also considered as determinants in the model. A system of three equations was developed for each country to forecast long-term jet fuel consumption levels to 2025. The mature US aviation sector was found to react better to price and short-term economic fluctuations, in contrast with the fast growing Chinese aviation sector, where the hike in prices did not seem to have much effect. [source]


    The economic value of volatility transmission between the stock and bond markets

    THE JOURNAL OF FUTURES MARKETS, Issue 11 2008
    Helena Chuliá
    This study has two main objectives. Firstly, volatility transmission between stocks and bonds in European markets is studied using the two most important financial assets in these fields: the DJ Euro Stoxx 50 index futures contract and the Euro Bund futures contract. Secondly, a trading rule for the major European futures contracts is designed. This rule can be applied to different markets and assets to analyze the economic significance of volatility spillovers observed between them. The results indicate that volatility spillovers take place in both directions and that the stock-bond trading rule offers very profitable returns after transaction costs. These results have important implications for portfolio management and asset allocation. © 2008 Wiley Periodicals, Inc. Jrl Fut Mark 28:1066,1094, 2008 [source]


    Pricing-to-market in NSW rice export markets

    AUSTRALIAN JOURNAL OF AGRICULTURAL & RESOURCE ECONOMICS, Issue 3 2001
    Garry Griffith
    The Ricegrowers' Cooperative Limited is a single-desk seller of NSW Japonica rice on the export market. Confidential monthly price data supplied by the Cooperative were used to examine ,pricing-to-market' in four of its major export markets. The hypothesis of a competitive market was rejected. The Cooperative has been able to vary mark-ups over different markets and with respect to the importer's currency in each market. The exchange rate results in particular suggest that the Cooperative has been able to exercise market power to obtain price premiums. [source]