Imperfect Competition and the Gains from Trade in a Macro Duopoly Model

A general-equilibrium duopoly trade model is developed. In the micro model, constant-elasticity market demand curves produce backward-bending reaction functions. This is combined with a macro analysis in which the real wage is determined competitively, while nominal variables depend on the money supply. Trade can lead to large increases in aggregate output, employment, and real wages. The gains from trade are the result of increases in market size, and greater competition in each market. The benefits of trade are largest when marginal-cost curves slope downward and the labor supply curve is elastic.     

Technology Strategy and Innovation: The Use of Derivative Strategies in the Aerospace Industry

Strategy has become an increasingly important theme within the management of innovation. This is reflected in the increasing amount of attention given to topics such as technology strategy within the innovation literature. However research into technology strategy has tended to focus on technology acquisition rather than technology exploitation. This paper focuses on one often neglected way in which companies can exploit the technological resources at their disposal, namely through the use of a derivative strategy where new technology is combined with old products or parts of old products in order to develop new products. The paper explores this type of strategy by means of a case study from the commercial jet engine sector of the aerospace industry. The case study provides an opportunity not only to explore the nature of derivative strategies in detail it also highlights the benefits, both direct and indirect, to be gained from this type of strategy as a means of exploiting an organisation's technological resources. The paper shows how a derivative strategy can contribute to the broader strategic goals of companies in technology based industries through strategies designed to ensure the most effective utilisation of the technology base.     

Ghettos and enclaves in the cross-place realm: mapping socially bounded spaces across cities

Since the early Chicago School, urban researchers have used residential proximity to assess contacts within and between racial and ethnic groups. This approach is increasingly limited. Diverse groups use email, social networking sites, instant messaging and mobile phones to communicate across urban zones and distant cities. These practices enable mutual support among far-flung family members and co-ethnics as they engage with an array of institutions throughout their day. Through interviews and observations that include women and men of diverse occupations, races and national origins, the author explores how and why cross-place enclosures of sociality and resources develop. Rather than framing the residential area as the locus of racial/ethnic concentration, the author focuses on cross-place concentrations in the technologically mediated workspace. This study enhances theorization of the structural negotiations, interpersonal pressures and group preferences that produce separate lifeworlds in globalizing cities.