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Market Share (market + share)
Kinds of Market Share Selected AbstractsCOMPETITION FOR MARKET SHARE OR FOR MARKET SIZE: OLIGOPOLISTIC EQUILIBRIA WITH VARYING COMPETITIVE TOUGHNESS,INTERNATIONAL ECONOMIC REVIEW, Issue 3 2007Claude D'Aspremont For an industry producing a composite commodity, we propose a comprehensive concept of oligopolistic equilibrium, allowing for a parameterized continuum of regimes varying in competitive toughness. Each firm sets simultaneously its price and its quantity under two constraints, relative to its market share and to market size. The price and the quantity equilibrium outcomes always belong to the set of oligopolistic equilibria. When firms are identical and we let their number increase, any sequence of symmetric oligopolistic equilibria converges to the monopolistic competition outcome. Further results are derived in the symmetric CES case, concerning in particular the collusive solution enforceability. [source] Market Share and Religious Competition: Do Small Market Share Congregations and Their Leaders Try Harder?JOURNAL FOR THE SCIENTIFIC STUDY OF RELIGION, Issue 4 2009Jonathan P. Hill A central claim of the religious economies model is that religious competition affects levels of religious participation and commitment primarily because religious competition pushes the suppliers of religion (religious leaders and organizations) to market their faith more vigorously and effectively. We examine whether U.S. congregations experiencing greater religious competition measured by their smaller religious market share do more to recruit new members, offer more services to current followers, and whether their clergy work longer hours. The efforts of congregations and clergy do vary substantially, but this variation is not related to their denomination's market share. The variations are also not due to religious pluralism, intradenominational competition, or evangelical market share. Members of small market share congregations are more committed, but this higher commitment does not appear to arise because religious suppliers are responding to religious competition. Several alternative explanations for the higher commitment levels of small market share groups are offered with a discussion of the implications for theories of religious competition. [source] Religious Market Share and Intensity of Church Involvement in Five DenominationsJOURNAL FOR THE SCIENTIFIC STUDY OF RELIGION, Issue 1 2000Paul Perl graduate student Proponents of the supply side approach to religion theorize that religious market share,the proportion of people in a geographical area who belong to a given denomination,is inversely related to religious commitment in that denomination. They argue that a small market share motivates religious leaders to compete harder in the religious market place, increasing the participation of members. Another perspective, often associated with secularization theory, make the opposite prediction. It argues that people find it difficult to remain religiously committed in social environments where they are numerical minoritiesbecause other people do not reinforce their beliefs and practices. We use data from a large study of financial giving to analyze the relationship between market share and commitment for five denominations in the United States. We find that market share has a negative effect on church financial giving within all five denominations and a weaker negative effect on attendance in threeof the denominations. We explore whether these effects are the spurious byproducts of pro-religious cultural norms associated with either the South or the presence of conservative Protestants in local areas. In models pooling all denominations, the negative effect of market share on financial giving and attendance cannot be explained away by either of these factors. However, the effect on attendance can be accounted for by congregational size. [source] Market Shares, Financial Constraints and Pricing Behaviour in the Export MarketECONOMICA, Issue 276 2002Nils Gottfries A structural dynamic model of price and quantity adjustment is estimated on time series data for exports and export prices. Two sources of dynamics are considered: customer markets and preset prices. As predicted by the customer market model, the market share adjusts slowly after a change in the relative price and financial conditions affect prices. Prices are found to be sticky in the sense that they do not reflect the most recent information about costs and exchange rates. A parsimoniously parameterized structural model explains about 90% of the variation in market share and the relative price. [source] Simulation of the market penetration of hydrogen fuel cell vehicles in KoreaINTERNATIONAL JOURNAL OF ENERGY RESEARCH, Issue 4 2008Eunju Jun Abstract As fuel cell technologies are developed, hydrogen-powered vehicles are receiving more interest. The hydrogen economy, particularly hydrogen-powered vehicle penetration into the Korean transportation market, is studied in this paper. Vensim, a system dynamic code, was used to simulate the dynamics in the transportation market, assuming various types of vehicles such as gasoline, hybrid electricity, and hydrogen powered. Market share for each vehicle was predicted using the currently available data. The results showed that the hydrogen era will not be as bright as predicted by many people. The main barrier is the fuel cell cost. Thus, in order to expand the fuel cell vehicles (FCVs) market, hydrogen fuel cell cost needs to be dramatically reduced. Hydrogen-powered FCV cost, including operating and capital costs, should reach $0.16 per kilometer in order to seize 50% of the newly created transportation market. However, if strong policies or subsidies are implemented, the results predicted here will be affected. Copyright © 2007 John Wiley & Sons, Ltd. [source] Market share, cost-based dumping, and anti-dumping policyCANADIAN JOURNAL OF ECONOMICS, Issue 1 2000Thusnelda Tivig This paper studies the occurrence of dumping and the implications of anti-dumping duties in a deterministic price-setting two-period duopoly model for differentiated products. When current market shares matter for future demand, cost-based dumping can be profitable. Dumping thus arises as a form of investment in market shares. This might trigger the application of anti-dumping law. We further show that correctly anticipated duties do not necessarily hinder firms from selling below costs. The mere existence of anti-dumping law, however, significantly changes the structure of the game, leading to higher first-period prices for both firms. JEL Classification: F12, F13 Parts de marché, dumping défini par les coûts, et politiques anti-dumping. Ce mémoire étudie le phénomène de dumping et les implications des droits compensatoires anti-dumping dans un modèle de duopole de produits différenciés dans un cadre de deux périodes où le processus de définition des prix est déterministe. Quand la nature présente des parts de marché a des cons´equences sur la demande future, le dumping défini par les coûts peut être profitable. Dans ce cas, le dumping émerge en tant que forme d'investissement dans le renforcement des parts de marché. Voilà qui peut déclencher l'application de la loi anti-dumping. On montre que des droits compensatoires correctement anticipés n'empêchent pas nécessairement les entreprises de vendre à des prix plus bas que leurs coûts. Cependant, le seul fait de l'existence de la loi anti-dumping modifie substantiellement la structure du jeu et conduit les deux entreprises àétablir des prix plus élevés dans la première période. [source] Market share will not diminishCLINICAL AND EXPERIMENTAL OPTOMETRY, Issue 6 2000Craig Woods No abstract is available for this article. [source] Optimizing Service Attributes: The Seller's Utility Problem,DECISION SCIENCES, Issue 2 2001Fred F. Easton Abstract Service designers predict market share and sales for their new designs by estimating consumer utilities. The service's technical features (for example, overnight parcel delivery), its price, and the nature of consumer interactions with the service delivery system influence those utilities. Price and the service's technical features are usually quite objective and readily ascertained by the consumer. However, consumer perceptions about their interactions with the service delivery system are usually far more subjective. Furthermore, service designers can only hope to influence those perceptions indirectly through their decisions about nonlinear processes such as employee recruiting, training, and scheduling policies. Like the service's technical features, these process choices affect quality perceptions, market share, revenues, costs, and profits. We propose a heuristic for the NP-hard service design problem that integrates realistic service delivery cost models with conjoint analysis. The resulting seller's utility function links expected profits to the intensity of a service's influential attributes and also reveals an ideal setting or level for each service attribute. In tests with simulated service design problems, our proposed configurations compare quite favorably with the designs suggested by other normative service design heuristics. [source] Innovation,What's Design Got to Do with It?DESIGN MANAGEMENT REVIEW, Issue 1 2004Bettina von Stamm If the goal is innovation, then Bettina von Stamm is sure design is an essential component in realizing that goal. She celebrates the differences between designers and other functions and documents how their unique perspectives can improve business performance, help expand market share, and leverage bottom-line results. She believes design must be an in-house expertise and outlines strategies to integrate design and designers into the innovation effort. [source] The impact of eliminating the global illicit cigarette trade on health and revenueADDICTION, Issue 9 2010Luk Joossens ABSTRACT Aims The purpose of this study was to update global estimates of the illicit cigarette trade, based on recent data, and estimate how many lives could be saved by eliminating it and how much revenue governments would gain. Data sources and methods Our estimates of illicit market share are based on formal and informal sources. Our method for estimating the effect of eliminating the illicit trade on tobacco related deaths is based on West et al. with some minor modifications, and involves calculating the size of the illicit cigarette trade; the effect of eliminating it on the price of cigarettes and thus on consumption; the revenue governments are losing because of it; and the number of tobacco-related premature deaths that would be avoided if this illicit trade were eliminated. Results According to available estimates, the size of the illicit trade varies between countries from 1% to about 40,50% of the market, 11.6% globally, 16.8% in low-income and 9.8% in high-income countries. The total lost revenue is about $40.5 billion a year. If this illicit trade were eliminated governments would gain at least $31.3 billion a year, and from 2030 onwards more than 164 000 premature deaths a year would be avoided, the vast majority in middle- and low-income countries. Conclusions The burden of deaths and lost revenue caused by the illicit cigarette trade falls disproportionately on low- and middle-income countries. Eliminating this trade would avoid millions of premature deaths, and recover billions of dollars for governments. [source] COTTON IN A FREE TRADE WORLDECONOMIC INQUIRY, Issue 1 2007SUWEN PAN Trade liberalizing reform in the world cotton market would increase world cotton traded an average 2.69% over 5 yr and increase world cotton prices to an average 10.5%. A partial equilibrium model was used to estimate the effects of removing global domestic subsidies and border tariffs for cotton. Trade flows in international markets would be affected as U.S. market share of world cotton exports decline, net cotton-importing countries with minimum domestic and trade distortions import less because of higher cotton prices, and net cotton-importing countries that subsidize domestic production and/or impose border tariffs significantly increase their imports. (JEL F17, F42, F47, O2) [source] Specialization across varieties and North,South competitionECONOMIC POLICY, Issue 53 2008Lionel Fontagné SUMMARY North,South competition quality Analyzing a new database that makes it possible to disaggregate trade flows across many countries according to unit values, we show that international specialization in terms of quality within industries and product categories plays an important role in the dynamics of North,South competition. The different specialization of countries at different levels of development within products and across varieties is mirrored in the recent shifts in world market shares, which are very different across quality segments: the South is not gaining market share in high-value portions of trade pattern. In this respect Europe's specialization pattern appears to be different from that of the US and Japan, and may allow it to better resist the competitive pressure of the South. , Lionel Fontagné, Guillaume Gaulier and Soledad Zignago [source] Competition and the Incentive to Produce High QualityECONOMICA, Issue 279 2003Rachel E. Kranton Previous literature indicates that, when quality is a choice variable, firms have an incentive to produce high quality to maintain their reputations with consumers. The strategic interaction among firms and competition for market share is not considered. This paper finds that, when firms compete for market share, perfect equilibria in which firms produce high-quality goods need not exist. Competition for customers can eliminate the price premium needed to induce firms to maintain a reputation for high-quality production. In this case, economists and policy analysts should pay greater attention to the interaction among firms and the institutions, such as professional associations, that structure interfirm relations when considering whether firms have an incentive to produce high-quality goods. [source] Market Shares, Financial Constraints and Pricing Behaviour in the Export MarketECONOMICA, Issue 276 2002Nils Gottfries A structural dynamic model of price and quantity adjustment is estimated on time series data for exports and export prices. Two sources of dynamics are considered: customer markets and preset prices. As predicted by the customer market model, the market share adjusts slowly after a change in the relative price and financial conditions affect prices. Prices are found to be sticky in the sense that they do not reflect the most recent information about costs and exchange rates. A parsimoniously parameterized structural model explains about 90% of the variation in market share and the relative price. [source] Factors Determining Net Interest Margins in Australia: Domestic and Foreign BanksFINANCIAL MARKETS, INSTITUTIONS & INSTRUMENTS, Issue 3 2007Barry Williams This study tests the application of the Ho and Saunders (1981) model of bank net interest margins (NIMs), and its subsequent developments, using Australian data. The core elements of this model apply in Australia. Bank market power is found to increase NIMs, consistent with McShane and Sharpe (1985), with evidence of bank buying market share and mispricing for risk. Operating costs also have an important role in determining NIMs, together with implied payments and management quality. Bank NIMs are found to have fallen over the study period. [source] European Banking Integration: Don't Put the Cart before the HorseFINANCIAL MARKETS, INSTITUTIONS & INSTRUMENTS, Issue 2 2006Jean Dermine This paper reviews the progress in European banking integration over the last twenty years, and evaluates the current system of banking supervision and deposit insurance based on ,home country' control. The public policy implications to draw from the paper are threefold: First, after a relatively slow start, European banking integration is gaining momentum, in terms of cross-border flows, market share of foreign banks in several domestic markets, and cross-border M&As of significant size. If this trend continues, the issue of adequate supervision and safety nets in an integrated European banking market will become even more pressing. Second, although until recently banks have relied mostly on subsidiary structures to go cross-border, this is changing with the recent creation of the European company statute, which facilitates cross-border branch banking. A review of the case of the Scandinavian bank, Nordea Bank AB, helps to understand some remaining barriers to integration, and the supervisory issues raised by branch banking. Third, it is argued that the principle of ,home country' supervision is unlikely to be adequate in the future for large international banks. Because the closure of an international bank would be likely to have cross-border spillovers, and because some small European countries might be unable to finance the bail-out of their very large banks, centralization, or at least Europe-wide coordination, of the decision to close or bail-out international banks is needed. This raises the issue of European funding of bail-out costs, European banking supervision, and European deposit insurance. [source] Die Festgesteinsschildmaschine, Interaktion zwischen Gebirge und Vortriebssystem, Kompetenz- und RisikoverteilungGEOMECHANICS AND TUNNELLING, Issue 6 2008Harald Lauffer Dipl.-Ing. Festgesteinsschildmaschinen mit ihren Bauformen Einfachschild (TBM-S) und Doppelschild (TBM-DS) haben sich einen wesentlichen Markanteil erobert. Sie werden für einen Vortrieb im Festgestein geringer Standzeit im nachbrüchigen bis gebrächen Gebirge empfohlen. Die Überlegungen über die Interaktion zwischen Gebirge und Vortriebssystem bestätigen die Annahme, dass eine systematische Gebirgsstützung weder im Schneidradbereich noch im Schildbereich gegeben ist. Unter gewissen Umständen kann es jedoch im Schildbereich zur Ausbildung eines sekundären Traggewölbes im aufgelockerten Gebirge kommen. Es zeigt sich, dass vermutete negative Wirkungen des Schneidrads auf die Ortsbrust nicht auftreten und das Lösen weitgehend schonend erfolgt. Der Einsatz von Schaum zur Auffüllung von Nachbrüchen und zur Stabilisierung des Gebirges hat sich bewährt. Portalbereiche und Bereiche geringer Überdeckung sind erforderlichenfalls möglichst vorweg von über Tage aus zu ertüchtigen. Im Fall von Nachbruch- und Verbrucherscheinungen an der Ortsbrust und der Tunnelleibung können Maschinenparameter wie Drehmoment und Vorschubkraft und Bohrkopfdetails das Verhalten einer Festgesteinsschildmaschine in dieser Grenzsituation stark beeinflussen. Da das Baugrundrisiko grundsätzlich dem Auftraggeber zuzuordnen ist, muss sich der Auftraggeber mit diesen Szenarien intensiv auseinandersetzten und eventuell entsprechende Vorgaben für die Gestaltung der TBM machen ohne den Auftragnehmer allzu sehr einzuschränken. Für einen erfolgreichen Vortrieb mit Festgesteinsschildmaschinen im Grenzbereich ist eine partnerschaftliche Zusammenarbeit in allen Phasen der Bauabwicklung von der Vergabe, über die Abstimmung der TBM-Details bis zur Abwicklung des Vortriebs von größerer Bedeutung. Kürzere und längere, planbare und ungeplante Unterbrüche sind bei TBM-Vortrieben unvermeidbar und systembedingt. Die baubetrieblichen Risiken von Unterbrüchen sind der Auftragnehmer-Sphäre, die Folgen für das Verhalten des Gebirges aufgrund einer verlängerten Stehzeit sind der Risikosphäre des Auftraggebers zuzuordnen. The Hard-Rock Shield Machine, Interaction between Rock and TBM System, Distribution of Responsibility and Risk Single-shield and Double-shield machines have gained a significant market share. They are recommended for tunnel driving in unstable and friable rock with short stand-up time. Looking into the interaction between rock and TBM system confirms the assumption that a systematic rock support through the cutterhead or shield does not exist. But it is possible that under specific circumstances a secondary-load bearing arch is formed inside a loosened rock mass above a shield. It appears that the suspected negative effects of the cutter head on the tunnel face do not exist and that tunnel boring is a relatively gentle process. Filling up overbreak volumes with foam has proved successful in stabilising loosening rock mass. The portal areas and areas of low overburden should be treated from above-ground well in advance if necessary. In case of massive overbreak or even downfalls TBM data such as cutterhead torque and thrust or cutterhead details can influence the behaviour of the TBM significantly. As the ground risk rests basically with the owner, he has to give serious consideration to such situations. He may have to specify basic TBMdata and TBM details without imposing too many restrictions on the contractor. A trustful partnership between owner and contractor during all stages of tunnel driving is of utmost importance for successful tunnel boring with hard-rock shield machines in difficult rock conditions. [source] Predicting risk selection following major changes in medicareHEALTH ECONOMICS, Issue 4 2008Steven D. Pizer Abstract The Medicare Modernization Act of 2003 created several new types of private insurance plans within Medicare, starting in 2006. Some of these plan types previously did not exist in the commercial market and there was great uncertainty about their prospects. In this paper, we show that statistical models and historical data from the Medicare Current Beneficiary Survey can be used to predict the experience of new plan types with reasonable accuracy. This lays the foundation for the analysis of program modifications currently under consideration. We predict market share, risk selection, and stability for the most prominent new plan type, the stand-alone Medicare prescription drug plan (PDP). First, we estimate a model of consumer choice across Medicare insurance plans available in the data. Next, we modify the data to include PDPs and use the model to predict the probability of enrollment for each beneficiary in each plan type. Finally, we calculate mean-adjusted actual spending by plan type. We predict that adverse selection into PDPs will be substantial, but that enrollment and premiums will be stable. Our predictions correspond well to actual experience in 2006. Copyright © 2007 John Wiley & Sons, Ltd. [source] Pharmaceutical promotion and GP prescription behaviourHEALTH ECONOMICS, Issue 1 2006Frank Windmeijer Abstract The aim of this paper is to empirically analyse the responses by general practitioners to promotional activities for ethical drugs by pharmaceutical companies. Promotion can be beneficial as a means of providing information, but it can also be harmful in the sense that it lowers price sensitivity of doctors and it merely is a means of maintaining market share, even when cheaper, therapeutically equivalent drugs are available. A model is estimated that includes interactions of promotion expenditures and prices and that explicitly exploits the panel structure of the data, allowing for drug specific effects and dynamic adjustments, or habit persistence. The data used are aggregate monthly GP prescriptions per drug together with monthly outlays on drug promotion for the period 1994,1999 for 11 therapeutic markets, covering more than half of the total prescription drug market in the Netherlands. Identification of price effects is aided by the introduction of the Pharmaceutical Prices Act, which established that Dutch drugs prices became a weighted average of the prices in surrounding countries after June 1996. We conclude that GP drug price sensitivity is small, but adversely affected by promotion. Copyright © 2005 John Wiley & Sons, Ltd. [source] Do competition and managed care improve quality?HEALTH ECONOMICS, Issue 7 2002Nazmi SariArticle first published online: 22 JUL 200 Abstract In recent years, the US health care industry has experienced a rapid growth of managed care, formation of networks, and an integration of hospitals. This paper provides new insights about the quality consequences of this dynamic in US hospital markets. I empirically investigate the impact of managed care and hospital competition on quality using in-hospital complications as quality measures. I use random and fixed effects, and instrumental variable fixed effect models using hospital panel data from up to 16 states in the 1992,1997 period. The paper has two important findings: First, higher managed care penetration increases the quality, when inappropriate utilization, wound infections and adverse/iatrogenic complications are used as quality indicators. For other complication categories, coefficient estimates are statistically insignificant. These findings do not support the straightforward view that increases in managed care penetration are associated with decreases in quality. Second, both higher hospital market share and market concentration are associated with lower quality of care. Hospital mergers have undesirable quality consequences. Appropriate antitrust policies towards mergers should consider not only price and cost but also quality impacts. Copyright © 2002 John Wiley & Sons, Ltd. [source] Japanese management, enterprise unions and company performanceINDUSTRIAL RELATIONS JOURNAL, Issue 3 2006John Benson ABSTRACT The success of the Japanese company has often been attributed to a range of management practices and enterprise unionism. These claims, however, have been based on research that was conducted during periods of high economic growth where a major objective of the company was increasing market share. This article extends this research by assessing the impact of these factors on the financial performance of Japanese companies over the period 1991,2001, a period of economic decline and change. The findings of the research challenge the conventional view of the value of Japanese management practices and enterprise unions, and illustrate the need to consider these practices within a wider economic context. [source] COMPETITION FOR MARKET SHARE OR FOR MARKET SIZE: OLIGOPOLISTIC EQUILIBRIA WITH VARYING COMPETITIVE TOUGHNESS,INTERNATIONAL ECONOMIC REVIEW, Issue 3 2007Claude D'Aspremont For an industry producing a composite commodity, we propose a comprehensive concept of oligopolistic equilibrium, allowing for a parameterized continuum of regimes varying in competitive toughness. Each firm sets simultaneously its price and its quantity under two constraints, relative to its market share and to market size. The price and the quantity equilibrium outcomes always belong to the set of oligopolistic equilibria. When firms are identical and we let their number increase, any sequence of symmetric oligopolistic equilibria converges to the monopolistic competition outcome. Further results are derived in the symmetric CES case, concerning in particular the collusive solution enforceability. [source] Learning and Noisy Equilibrium Behavior in an Experimental Study of Imperfect Price Competition*INTERNATIONAL ECONOMIC REVIEW, Issue 3 2002C. Monica Capra We consider a duopoly pricing game with a unique Bertrand,Nashequilibrium. The high-price firm has a nonvanishing market share, however, and intuition suggests that observed prices may be positively related to this market share. This relationship is implied by a model in which players make noisy (logit) best responses to expected payoff differences. The resulting logit equilibrium model was used to design an experiment in which the high-price firm's market share varies. The model accurately predicts the final-period price averages. A naive learning model predicts the observed differences in the time paths of average prices. [source] An overview of the Turkish dairy sectorINTERNATIONAL JOURNAL OF DAIRY TECHNOLOGY, Issue 1 2008SERTAÇ GÖNENÇ The livestock sector and dairy subsector have great importance for Turkey, in terms of both nutrition and economy. The share of the livestock sector in the total agricultural production value has varied between 25% and 30% in the last three decades. Raw milk production is characterized by small-scale farms, with an average of three heads of dairy cattle per farm. Turkey's dairy industry was established and developed by the State with the opening of the Turkish Dairy Industry Institution (TSEK) in 1963 as a state-owned enterprise (SOE). TSEK facilitated modernization of the sector, created a dairy market and played a role in stabilizing the consumer and producer prices. In 1995, a liberalization movement in the agricultural sector started in Turkey and the TSEK enterprises were privatized. After privatization, producer prices decreased between 11.51% and 18.45% and consumer prices of dairy products increased in general. Today, the dairy processing sector has a dual structure that on one hand comprises many small- and medium-sized enterprises, while on the other features seven large holding companies that hold the largest market share (CR4 71). This study aims to show that the restructuring of the agricultural SOEs in the first place resulted in undesirable impacts, and thus that the planning and implementation of the privatization of the state enterprises in the dairy sector should be taken as a strategy in the medium term, using the experiences of other developing countries. [source] Financial Market Crises and Natural Resource ProductionINTERNATIONAL REVIEW OF FINANCE, Issue 1 2010JAMES R. BROWN ABSTRACT During a financial crisis, the loss of access to world capital markets may force heavily indebted countries to accelerate their production of exhaustible resources. Few studies consider the impact that financial crises have on real behavior, and no existing studies appear to consider the impact a crisis might have on resource production. We find that four major state-owned enterprises in Brazil, Chile and Mexico substantially expanded their production and world market share of copper, iron ore and oil during the 1980s' international financial crisis. There was also a very large expansion, followed by a sharp contraction, of production of tin in Brazil and silver in Mexico. In contrast, Indonesia , a major resource producer who did not succumb to the 1980s' financial crisis , did not accelerate production during the 1980s' crisis, and resource production in the United States sharply contracted during this period. Our study provides new insights into why the prices of natural resources are so volatile and highlights a previously unexplored reason for financial contagion: one country's efforts to service its debt can drive down resource prices and revenues to other indebted resource producers. [source] Market Share and Religious Competition: Do Small Market Share Congregations and Their Leaders Try Harder?JOURNAL FOR THE SCIENTIFIC STUDY OF RELIGION, Issue 4 2009Jonathan P. Hill A central claim of the religious economies model is that religious competition affects levels of religious participation and commitment primarily because religious competition pushes the suppliers of religion (religious leaders and organizations) to market their faith more vigorously and effectively. We examine whether U.S. congregations experiencing greater religious competition measured by their smaller religious market share do more to recruit new members, offer more services to current followers, and whether their clergy work longer hours. The efforts of congregations and clergy do vary substantially, but this variation is not related to their denomination's market share. The variations are also not due to religious pluralism, intradenominational competition, or evangelical market share. Members of small market share congregations are more committed, but this higher commitment does not appear to arise because religious suppliers are responding to religious competition. Several alternative explanations for the higher commitment levels of small market share groups are offered with a discussion of the implications for theories of religious competition. [source] Religious Market Share and Intensity of Church Involvement in Five DenominationsJOURNAL FOR THE SCIENTIFIC STUDY OF RELIGION, Issue 1 2000Paul Perl graduate student Proponents of the supply side approach to religion theorize that religious market share,the proportion of people in a geographical area who belong to a given denomination,is inversely related to religious commitment in that denomination. They argue that a small market share motivates religious leaders to compete harder in the religious market place, increasing the participation of members. Another perspective, often associated with secularization theory, make the opposite prediction. It argues that people find it difficult to remain religiously committed in social environments where they are numerical minoritiesbecause other people do not reinforce their beliefs and practices. We use data from a large study of financial giving to analyze the relationship between market share and commitment for five denominations in the United States. We find that market share has a negative effect on church financial giving within all five denominations and a weaker negative effect on attendance in threeof the denominations. We explore whether these effects are the spurious byproducts of pro-religious cultural norms associated with either the South or the presence of conservative Protestants in local areas. In models pooling all denominations, the negative effect of market share on financial giving and attendance cannot be explained away by either of these factors. However, the effect on attendance can be accounted for by congregational size. [source] Combining Stated and Revealed Preferences on Typical Food Products: The Case of Dry-Cured Ham in SpainJOURNAL OF AGRICULTURAL ECONOMICS, Issue 3 2010Helena Resano-Ezcaray C25; D12; Q13; Q18 Abstract An extensive body of research concerns the valuation of EU certification schemes of quality based on the origin of food products. This literature focuses mainly on stated preferences (SPs) and reported behaviours by the consumers. We combine consumers' SPs, obtained through a conjoint ranking experiment, with revealed preferences (RP), obtained through a retail scanner database. We evaluate SPs as predictors of RP, and investigate whether SPs and RPs are consistent. Dry-cured ham in Spain is chosen as the anchor product, mainly because of its broad customer base and long history of origin certification. A ,trick' nested logit model with non-identical and identical samples of consumers is estimated to answer each of the objectives. Results show that, irrespective of the analysed samples, SP can predict general market trends and choices but not accurately predict market shares, and that consumers' actual behaviour is partly consistent with their SPs. We find that consumers prefer ham produced in Teruel, compared with unspecified Spanish origin. Quality Certification and a Distributor's Brand are preferred over the alternatives of no quality label or identified with a brand owned by the producer. Interestingly, SPs for the Quality Certification and the distributor's brand lead to an over- and under-estimation, respectively, of the market share. [source] EVIDENCE THAT GREATER DISCLOSURE LOWERS THE COST OF EQUITY CAPITALJOURNAL OF APPLIED CORPORATE FINANCE, Issue 4 2000Christine A. Botosan The effect of corporate disclosure on the cost of equity capital is a matter of considerable interest and importance to both corporations and the investment community. However, the relationship between disclosure level and cost of capital is not well established and has proved difficult for researchers to quantify. As described in this article, the author's 1997 study (published in The Accounting Review) was the first to measure and detect a direct relationship between disclosure and cost of capital. After examining the annual reports of 122 manufacturing companies, the author concluded that companies providing more extensive disclosure had a lower (forward-looking) cost of equity capital (measured using Value Line forecasts with an EBO valuation formula that derives from the dividend discount model). For companies with extensive analyst coverage, differences in disclosure do not appear to affect cost of capital. But for companies with small analyst followings, differences in disclosure do appear to matter. Among this group of companies, the firms judged to have the highest level of disclosure had a cost of equity capital that was nine-percentage points lower than otherwise similar firms with a minimal level of disclosure. Closer analysis of some of the specific disclosure practices also suggests that, for small firms with limited analyst coverage, there are benefits to providing more forward-looking information, such as forecasts of sales, profits, and capital expenditures, and enhanced disclosure of key non-financial statistics, such as order backlogs, market share, and growth in units sold. In closing, the article also discusses an interesting new study (by Lang and Lundholm) that suggests there is an important distinction between effective corporate disclosure and "hyping the stock." The findings of this study show that while higher levels of disclosures are associated with higher stock prices, sudden increases in the frequency of disclosure are viewed with skepticism. [source] State Dependence at Internet PortalsJOURNAL OF ECONOMICS & MANAGEMENT STRATEGY, Issue 2 2006Avi Goldfarb This study offers evidence of the existence of switching costs on the Internet. It uses more flexible methods than previously possible to separate switching costs from serially correlated unobservables at Internet portals. The data contain nearly 1,000 observations per household, allowing for household-specific regressions that control for all household-specific heterogeneity. The results show that households exhibit switching costs. The loyalty generated by these costs drives a large fraction of portal visits and generates considerable revenues; however, these revenues are not large enough to justify the losses incurred by Internet portals in the 1990s while building market share. The results also suggest that random coefficients models overestimate true state dependence. [source] | ||||||||||||||||||||||||||||||||||||||||||||||||||||