Monopolistic competition,aggregation of competitive information,and the amount of product differentiation

Consider an industry with a large number of homogeneous firms. Each firm's profits are a function of its own strategy and the strategies the other firms select. Suppose other firms' strategies enter into each firm's profit function only through one or more statistics. For example, average price in the market may parameterize every firm's profit function. We prove that, as a general rule, the industry's firms will in equilibrium follow at most M + 1 distinct strategies, where M is the number of statistics by which competitors' strategies affect each firm's profits.     

Labor Supply and Targeting in Poverty Alleviation Programs

The introduction of variable labor supply raises some fundamentalissues in analyzing the targeting of poverty alleviation programsin developing countries. It forces a reconsideration of thestandard objective function, which is based on income or expenditureand so makes no allowance for the effort made in earning thatincome. We show that alternative views on the appropriate valuationof effort have very different implications for commodity-basedtargeting rules. We also establish a benchmark for marginaleffective tax rates (inclusive of benefit withdrawal) in income-testedschemes and show that indicator targeting rules may also haveto be modified significantly when labor supply responses arerecognized.     

The international marketing strategies of New England high-technology firms

This paper examines the relationship between international marketing strategy, foreign sales performance and overall corporate performance for a small sample of 39 New England high technology firms. The results show that existence of an international marketing commitment is beneficial to overall corporate performance; however, no incremental contribution to corporate performance is evident from the use of foreign manufacturing operations over foreign sales subsidiaries.     

A new Bandung? : Economic growth vs. distributive justice among emerging powers

The demographic weight and the scale and magnitude of economic growth in China and India—as well as in Brazil and South Africa—marks a seismological transformation in world politics. However, despite their economic clout, the emerging powers of the global South have done little to challenge the Euro-North American domination of the international stage—leaving that task to Bolivia, Venezuela, and Iran. The reluctance of the large states of the global South to challenge the contemporary world order—and the widening income and wealth inequalities within their borders—suggests that they are increasingly complicit in this new world order. However, as growing inequalities unleash greater political instability, it is in the interests of states in the global South to cooperate with each other to change the rules of the game.     

UNITARY VERSUS COLLECTIVE MODELS OF THE HOUSEHOLD: IS IT TIME TO SHIFT THE BURDEN OF PROOF?

Most development objectives focus on the well-being of individuals.Policies are targeted to increase the percentage of individualswho avoid poverty, who can read, who are free from hunger andillness, or who can find gainful employment. Individual welfare,however, is based in large part on a complex set of interactionsamong family members. Until recently most policy analyses implicitly viewed the householdas having only one set of preferences. This assumption has beena powerful tool for understanding household behaviour, suchas the distribution of tasks and goods. But a growing body ofevidence suggests that this view is an expedience that comesat considerable, and possibly avoidable, cost. The article arguesthat more effective policy instruments will emerge from analyzingthe processes by which households balance the diverse interestsof their members.      

Analysis of interactions among core,transaction and relationship-specific investments: The case of offshoring

Through the use of core, transactional and relational specificity constructs, the paper studies how the emphasis of clients’ who move business processes offshore, changes over time to represent complex relationships between investments in core, transaction and relationship-specific assets. The complex combination of these investments helps clients attain evolving objectives in offshoring alliances. Interpretive Structural Modelling (ISM) has been used to establish changing emphases of the specific elements in offshoring alliances.     

Manufacturing and the Trade Balance

When the world shifted to the regime of flexible exchange rates after 1970, economists expected that large trade imbalances would soon disappear. Instead, such imbalances not only persisted but soared in the 1980s and 1990s, in spite of significant changes in important currencies such as the yen, the mark and the dollar. This paper reports that manufacturing importers tend to suffer trade deficits whereas exporters of manufacturing products tend to enjoy trade surpluses. The reason lies in the higher rates of productivity growth experienced by exporters of manufactures.     

Consumer Motives and Purchase Preferences for Organic Food Products: Empirical Evidence From a Consumer Survey in Bangalore,South India

ABSTRACT

Consumer organic food choice motives and purchase preferences were studied in a structured quantitative survey (N = 201) in Bangalore, with the aim of identifying consumer segments based on these motives and preferences. Further, sociodemographic differences between the clusters were studied. Face-to-face interviews were used to sample the data, which were analyzed with factor and k-means cluster analysis (SPSS 16.0). Five latent factors were identified based on the motives, representing a set of consumer concerns labeled here as “food phobia” (health),” “environment,” “humanity,” “healthy eaters,” and “control.” Further, three clusters emerged from these motives representing 38%, 37%, and 25% of the sample size. The factors differ in terms of variance. Here, the records of perceived healthiness (food phobia) were the most important element, explaining 18.37% of the total variance. These clusters were differing in terms of the level and order of motivations. The health factor was a most important motive in two clusters, followed by environment. Further, humanity was the most important motive for the third cluster. This may reflect a heterogeneous nature of consumers in study area. Additionally, five clusters were identified based on the preferences, and profiles of these clusters differed in terms of sociodemographic factors and consumption pattern. Segments were identified based on motivating factors and preferences, and linking them with food choice motives and products preference provides the input needed by marketing professionals and policy makers to calibrate more efficient marketing strategies to better focus and position their products and design their communication strategies for target segments.     

Competing with emerging market multinationals

A new breed of multinationals from emerging markets is appearing in many industries. Western firms are wrong to underestimate, as they often do, the competitive threat from these firms. The discussion herein highlights the non-traditional competitive advantages these firms use to win at home and abroad and shows how these firms use internationalization not only to exploit competitive advantage but to bolster it. The article concludes with suggestions for how Western managers should respond to the competitive threat from emerging market multinationals.