Anticounterfeiting Strategies and Their Influence on Attitudes of Different Counterfeit Consumer Types

This article reports the findings of two studies that were designed to determine the effectiveness of several anticounterfeiting strategies on the counterfeit purchasing behavior of the participants, through a mixed methods research approach. In Study 1, in‐depth interviews were conducted with 50 consumers of counterfeit brands in order to investigate their attitudes. Drawing on the results, which revealed four different consumer types (struggle, spurious, indifferent, and liberated), Study 2 was undertaken with a further 128 consumers (32 from each type) to further define each group's type and identify the best anticounterfeit strategies suited to each. The findings suggest that counterfeit purchasing may be reduced if a specific strategy is adapted to suit each typology. Overall, positive rather than negative strategies were found to be more effective for the struggle and spurious consumers compared with indifferent and liberated consumers. The findings also reveal that the acquisition of affordable genuine merchandise may be the key to preventing counterfeit purchasing.     

On equitable social welfare functions satisfying the Weak Pareto Axiom: A complete characterization

The present paper examines the problem of aggregating infinite utility streams with a social welfare function that respects the Anonymity and Weak Pareto Axioms. The paper provides a complete characterization of domains (of the one period utilities) on which such an aggregation is possible. A social welfare function satisfying the Anonymity and Weak Pareto Axioms exists on precisely those domains that do not contain any set of the order type of the set of positive and negative integers. The criterion is applied to decide on possibility and impossibility results for a variety of domains. It is also used to provide an alternative formulation of the characterization result in terms of the accumulation points of the domain.     

Macroeconomic effects of an indirect tax substitution

We study an indirect tax reform in a general equilibrium model with imperfect competition for both the Cournot and the Free entry equilibria. We show that it is possible to attain a positive balanced budget multiplier by means of a substitution of specific by ad valorem taxation. Moreover, although any tax substitution causes higher prices and the flow up of firms in the long-run, the Free entry equilibrium output can increase with respect to that of the Cournot equilibrium. Finally, in contrast with the partial equilibrium, welfare decreasing tax reforms are likely to occur even when the balanced budget multiplier is positive.      

A broader multicountry perspective on the Gibson paradox and fisher's hypothesis

Summary A broader multicountry perspective on the gibson paradox and fisher's hypothesis Correlations between nominal interest rates and price levels in 44 countries over periods of about 30 years indicate the Gibson paradox is widely observed in the post-Word War II era. Fisher's hypothesis on the determination of nominal interest rates, which has been regarded as one possible explanation for the phenomenon, is formulated in terms of Granger-causality between inflation and interest rates, and a test of causal ordering across the pair is conducted. The test results seem to provide only a limited degree of support for the hypothesis.Rosa Lea Danielson and Sunita Bose provided useful research assistance.     

Modeling Cyclical Asymmetries in GDP: International Evidence

This paper models asymmetric behavior in GDP growth in the USA, Germany, France, and Japan. It develops smooth transition autoregressive models and interprets nonlinear dynamics in terms of cyclical asymmetries. A procedure for defining data-based, qualitative cyclical regimes from the estimated models is proposed, and generalized impulse response functions are computed to assess to what extent the response to a shock changes over different phases of the cycle.     

Noncentral bimatrix variate generalised beta distributions

In this paper, we determine the density functions of nonsymmetrised doubly noncentral matrix variate beta type I and II distributions. The nonsymmetrised density functions of doubly noncentral and noncentral bimatrix variate generalised beta type I and II distributions are also obtained.     

The frontiers of eBusiness technology and supply chains

This article is an Introduction to this Special Issue on “eBusiness and Supply Chain Management.” It also provides a vision for eBusiness and supply chain for the future.     

Efficiency Characterization of Liability Rules When Liability Payments Differ from the Actual Harm

Journal of Quantitative Economics - By now, it is well known that damage awards under a liability rule affect the efficiency of the rule. Due to variety of reasons, damage awards fixed by courts...     

Physical quality of life index and inter-country inequality

Treating the ‘physical quality of life index’ (PQLI) as a measure of national well-being, Theil's cross-country inequality index is computed and compared with those based on nominal and real GNP per capita. The index based on PQLI seems to understate drastically inter-country inequality, and suggests a pattern of inequality change that appears implausible.