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Market Entry (market + entry)
Selected AbstractsHerding versus Hotelling: Market Entry with Costly InformationJOURNAL OF ECONOMICS & MANAGEMENT STRATEGY, Issue 3 2008David B. Ridley Why do businesses such as fast-food restaurants, coffee shops, and hotels cluster? In the classic analysis of Hotelling, firms cluster to attract consumers who have travel costs. We present an alternative model where firms cluster because one firm is free riding on another firm's information about market demand. One consequence of this free riding is that an informed firm might forego a market that it knows to be profitable. Furthermore, an uninformed firm might earn higher profits when research costs are high, because it can credibly commit to ignorance. [source] Arab ethnic enterprises in colonial Singapore: Market entry and exit mechanisms 1819,1965ASIA PACIFIC VIEWPOINT, Issue 2 2004Yasser MattarArticle first published online: 10 AUG 200 Abstract:,Ethnic entrepreneurs often concentrate in specific economic activities. Arab entrepreneurs in Singapore from the time of their first recorded arrivals in 1819 until the 1850s were concentrated in the consumer goods industry. The exit of the Arabs from consumer goods provision saw them moving into the real estate industry in the 1880s, where they remained concentrated until the 1940s. By the 1970s, however, no visible concentration of Arab entrepreneurs could be discerned. This paper argues that the entry and exit of Arab ethnic entrepreneurs into and out of consumer retail and real estate investments may be better explained with reference to political-economic conditions which facilitate movement than embedded personal relations that enact a chain-link pattern of industrial mobility. [source] An Urban Approach to Firm Entry: The Effect of Urban SizeGROWTH AND CHANGE, Issue 4 2005JOSEP-MARIA ARAUZO-CAROD ABSTRACT This article explores the determinants of firm entry in Spanish municipalities. The authors consider that size is an important determinant of a city's capacity to attract new manufacturing firms. Panel data were used to estimate the determinants of entry according to urban size in Spain (from 1994 to 1702). This article contributes to the literature on market entry because most previous contributions have focused on regional factors rather than urban ones. The results show that local characteristics affect the formation of new firms. However, more local data are needed to obtain more specific results. [source] A decision support system for automotive product planning and competitive market analysisINTERNATIONAL TRANSACTIONS IN OPERATIONAL RESEARCH, Issue 6 2000W. Guo Abstract A decision support system (DSS) for automotive product marketing, design and manufacturing in China is presented in this paper. The DSS is developed as a tool to support product planning, competitive market analysis, supply chain analysis and subsequent manufacturing systems planning and deployment. The system consists of a number of automotive related databases which provide information about manufacturers' performance in each market segment as well as production information of all existing market players in the Chinese auto industry. Product planning, one of the key modules of the DSS prototype, is highlighted in this paper. It supports decision makers in determining suitable strategies for market entry by analyzing existing competitors' status, growth estimation of each market segment, and competitive market analysis for new vehicle products. A case study for new market entry is included here to demonstrate the feasibility and effectiveness of the proposed methodology. [source] Canadian Manager Perceptions of the US Exchange Listings: Recent EvidenceJOURNAL OF INTERNATIONAL FINANCIAL MANAGEMENT & ACCOUNTING, Issue 3 2002Carol Olson Houston This study reports recent evidence of Canadian manager perceptions of the benefits and costs of listing in US markets, their attitudes toward listing in the US market, and their opinions regarding the importance of using alternative reporting and disclosure requirements, such as Canadian GAAP or international standards, in lieu of US GAAP for US listings. Manager perceptions of firms listing in the US ("listers") are compared to those of firms that have not listed in the US ("nonlisters") as well as to listers' perceptions collected prior to the implementation of the Multijurisdictional Disclosure System (MJDS). Our results do not unambiguously support expectations that implementation of the MJDS would result in cost savings for Canadian listers. We find strong similarities in the perceived benefits of listing as previously reported, but in a significantly higher proportion of our post,MJDS sample. Responses from listers and nonlisters reflect differences between the two populations. Listers appeared concerned with US GAAP reconciliations and disclosure requirements while non,listers are more concerned with the overall difficulty of listing, the costs of listing, and US litigation. Most strongly, however, nonlisters perceive it as unnecessary to list in the US market. Contrary to expectations, we find that US accounting disclosure and reporting requirements are not perceived to be barriers to US market entry for Canadian firms, but instead appear to be post,entry irritants. Finally, we also find evidence that perceptions of nonlisters differ between those firms that list on the Vancouver Stock Exchange and those that list on the Toronto Stock exchange. This suggests that future studies may require finer partitions than on a national basis. [source] The Competitive Dynamics of Geographic Deregulation in Banking: Implications for Productive EfficiencyJOURNAL OF MONEY, CREDIT AND BANKING, Issue 5 2008DOUGLAS D. EVANOFF market entry; bank mergers; banking deregulation; cost X-efficiency Deregulation of geographic restrictions in banking over the past 20 years has intensified both potential and actual competition in the industry. The accumulating empirical evidence suggests that potential efficiency gains associated with consolidating banks are often not realized. We evaluate the impact of this increased competition on the productive efficiency of non-merging banks confronted with new entry in their local markets and find that the incumbent banks respond by improving cost efficiency. Thus, studies evaluating the impact of bank mergers on the efficiency of the combining parties alone may be overlooking the most significant welfare-enhancing aspect of merger activity. [source] Optimal pricing strategy for foreign market entry: a game theoretic approachMANAGERIAL AND DECISION ECONOMICS, Issue 8 2006Young-Han Kim Given that pricing plays an important role in a company's international competitive strategy, researchers have long argued the need for theory building in the area of international pricing. This study develops an optimal pricing strategy for foreign market entry using a game theoretic framework. The proposed model assumes two firms, a local incumbent and a foreign entrant, competing in a market. Consumers know the quality of the incumbent's offering, but do not know how it compares to that of the foreign entrant's. Based on these assumptions, and using the theory of inference making, we propose an upward price distortion by the entrant firm as an optimal entry strategy under incomplete information. The paper presents a game theoretic derivation to establish that the game has a unique intuitive separating equilibrium where the entrant firm stands to gain by engaging in upward price distortion to signal high quality to consumers. Copyright © 2006 John Wiley & Sons, Ltd. [source] TWO-SIDED MARKETS WITH PECUNIARY AND PARTICIPATION EXTERNALITIES,THE JOURNAL OF INDUSTRIAL ECONOMICS, Issue 1 2009MARKUS REISINGER The existing literature on two-sided markets addresses participation externalities, but it has neglected pecuniary externalities between platforms. In this paper we build a model that incorporates both externalities. In our set-up, differentiated platforms compete in advertising levels and offer consumers a service free of charge that is financed through advertising. We show that advertising can exhibit the properties of a strategic substitute or complement. Surprisingly, we find that platform profits can increase with market entry and that there are cases in which the level of advertising rises with entry. We also consider endogenous entry and provide a welfare analysis. [source] Efficient versus Responsive Supply Chain Choice: An Empirical Examination of Influential FactorsTHE JOURNAL OF PRODUCT INNOVATION MANAGEMENT, Issue 6 2003Taylor R. Randall Contemporary strategies in operations management suggest that successful firms align supply chain assets with product demand characteristics in order to exploit the profit potential of product lines fully. However, observation suggests that supply chain assets often are longer lived than product line decisions. This suggests that alignment between supply chain assets and demand characteristics is most likely to occur at the time of initial market entry. This article examines the association between product demand characteristics and the initial investment in a supply chain at the time of market entry. We characterize supply chains as responsive or efficient. A responsive supply chain is distinguished by short production lead-times, low set-up costs, and small batch sizes that allow the responsive firm to adapt quickly to market demand, but often at a higher unit cost. An efficient supply chain is distinguished by longer production lead-times, high set-up costs, and larger batch sizes that allow the efficient firm to produce at a low unit cost, but often at the expense of market responsiveness. We hypothesize that a firm's choice of responsive supply chain will be associated with lower industry growth rates, higher contribution margins, higher product variety, and higher demand or technological uncertainty. We further hypothesize that interactions among these variables either can reinforce or can temper the main effects. We report that lower industry growth rates are associated with responsive market entry, but this effect is offset if growth occurs during periods of high variety and high demand uncertainty. We report that higher contribution margins are associated with responsive market entry and that this effect is more pronounced when occurring with periods of high variety. Finally, we report that responsive market entry also is correlated positively with higher technological demand uncertainty. These results are found using data from the North American mountain bike industry. [source] Profit taxation and the mode of foreign market entryCANADIAN JOURNAL OF ECONOMICS, Issue 2 2010Ronald B. Davies Abstract This paper studies the role of profit taxation for an international firm's decision upon how to penetrate a foreign market , through exports or through foreign direct investment (FDI) and local supply. We show that with harmonized taxes the international firm may choose FDI even though this has welfare costs from a global point of view. With tax competition, the host country can enforce exporting instead of FDI. This leads to a Nash equilibrium associated with higher world welfare than harmonized taxes. Thus, because of the effect on entry mode, tax competition provides heretofore unexplored benefits as compared to tax harmonization. Ce mémoire étudie le rôle de l'impôt sur les profits dans la décision d'une firme internationale quant à la façon de pénétrer dans le marchéétranger , soit par les exportations ou par l'investissement direct à l'étranger (IDE) et l'offre locale. On montre que quand les impôts sont harmonisés, la firme internationale peut choisir l'IDE même si cela entraîne des coûts de bien-être d'un point de vue global. Quand il y a concurrence fiscale, le pays hôte peut imposer le choix d'exporter plutôt que l'IDE. Voilà qui conduit à un équilibre de Nash associéà un niveau de bien-être mondial plus élevé que ce qui s'ensuivrait dans un monde d'impôts harmonisés. A cause de l'effet sur le mode d'entrée, la concurrence fiscale engendre des bénéfices (par rapport à ce qu'on peut attendre de l'harmonisation fiscale) qu'on n'a pas explorés à ce jour. [source] Myrcene as a Natural Base Chemical in Sustainable Chemistry: A Critical ReviewCHEMSUSCHEM CHEMISTRY AND SUSTAINABILITY, ENERGY & MATERIALS, Issue 12 2009Arno Behr Prof. Abstract Currently, a shift towards chemical products derived from renewable, biological feedstocks is observed more and more. However, substantial differences with traditional feedstocks, such as their "hyperfunctionalization," ethical problems caused by competition with foods, and problems with a constant qualitative/quantitative availability of the natural products, occasionally complicate the large-scale market entry of renewable resources. In this context the vast family of terpenes is often not taken into consideration, although the terpenes have been known for hundreds of years as components of essential oils obtained from leaves, flowers, and fruits of many plants. The simple acyclic monoterpenes, particularly the industrially available myrcene, provide a classical chemistry similar to unsaturated hydrocarbons already known from oil and gas. Hence, this Review is aimed at reviving myrcene as a renewable compound suitable for sustainable chemistry in the area of fine chemicals. The versatility of the unsaturated C10 -hydrocarbon myrcene, leading to products with several different areas of application, is pointed out. [source] | |||||||||||||