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11.
I Have Paid Less Than You! The Emotional and Behavioral Consequences of Advantaged Price Inequality 总被引:2,自引:0,他引:2
Katja Gelbrich 《Journal of Retailing》2011,87(2):207-224
This study examines the emotion blends and the subsequent customer reactions that occur in advantaged price inequality situations, that is, when consumers learn that retailers charged them a lower price than what the same retailers charged another customer. Drawing on the appraisal theories of emotion and on social comparison theory, an experiment (n = 272) and a field study (n = 261) are conducted. The results reveal that in advantaged price inequality situations, customers experience a host of positive and negative emotions depending on two factors: the quality of relationship that the customer has with a disadvantaged other customer (neutral, positive, or negative) and the attribution of agency for the price advantage (situational attribution to competition, external attribution to store policies, or internal attribution to customer abilities). Positive emotions include happiness, gratitude, pride, and malicious joy; while negative emotions include pity, outrage, and guilt. These emotions are shown to mediate the occurrence of customer reactions (i.e., customer satisfaction, loyalty, WOM referral, and WOM activity). The article concludes with theoretical implications and recommendations for retail practitioners on how to use dynamic pricing. 相似文献
12.
Katja Zajc Kejžar 《Open Economies Review》2011,22(2):271-291
This paper examines the impact of foreign firm entry on the industry consolidation process in a host country that operates
through mergers and exits of incumbent firms. Using a three-stage oligopolistic model, the paper shows that foreign direct
investment (FDI) may trigger consolidation via a merger since the approval of a domestic merger by the antitrust authority
is more likely in the case a foreign firm enters via FDI and a firm’s incentive for a domestic merger is greater and that,
in turn, the possibility to merge and become more efficient modifies the outcome of the game by making FDI compared to exports
less likely. 相似文献
13.
Macroeconometric models are often criticised for being too complex and difficult to read in theoretical terms. To overcome these difficulties, Hickman suggested the calculation of a model's implicit aggregate demand/supply (AD/AS) structure. The method helps to understand models and their main properties in theoretical terms and facilitates detailed model comparisons. This paper uses the AD/AS–IS/LM apparatus to analyse the simulation properties of the RWI (Rheinisch-Westfälisches Institut für Wirtschaftsforschung) Business Cycle Model, a medium-sized short-term macroeconometric model for Germany. The results confirm theoretical expectations for AD and AS elasticities and reveal particular reactions linked to peculiar model specifications such as an endogenous government sector. The results are also much in line with a previous study in a multi-country model context. 相似文献
14.
Robin Pope Reinhard Selten Johannes Kaiser Sebastian Kube Jürgen von Hagen 《International Economics and Economic Policy》2012,9(1):13-51
Economists’ faith that variable exchange rates benevolently equilibrate has been empirically disconfirmed. That faith is here tackled at its theoretical core with an exchange rate model that although ultra abstract, includes the undeniable fundamentals of market power and differential goals of central bankers and large-scale private players. It permits a game theoretic analysis under the assumption that all agents maximize their payoffs. The paper then relaxes
the assumption of maximising agents, allowing for a more complex and thus realistic second version of the model that is interpretable
within SKAT, the Stages of Knowledge Ahead Theory of risk and uncertainty. In an experimental setting, this second version
of the model points to: a) the inability of agents in central banks, governments and the private real and financial sectors
to operate in maximising ways; b) destructive central bank conflict; and c) the widely discrepant outcomes arising from the
dynamics of individual personality differences. The paper’s theoretical and empirical findings thus both point to the merits
of a single world currency. 相似文献
15.
Communication Quality in Business Negotiations 总被引:1,自引:1,他引:0
The quality of a business negotiation process is usually assessed by its economic outcome, e.g. in terms of Pareto efficiency
or distance to Nash equilibrium. We argue that this assessment method is insufficient in that it fails to provide a comprehensive
analysis of business negotiations. Negotiators engage in highly complex communication tasks, and these communication processes
should be analysed along with the outcome in the overall evaluation of a business negotiation. To this end, we will introduce
Communication Quality as a new construct for analyzing the negotiation process. Furthermore, it will be argued that Communication
Quality itself can affect economic negotiation outcomes both short- and long-term. We will present relevant aspects of Communication
Quality, outline a scheme for its operationalisation and measurement, and discuss its probable impacts on business negotiations. 相似文献
16.
This paper examines market concentration and stock returns on the Australian Securities Exchange. We find that dominant companies operating in concentrated industries in Australia are able to generate significant risk‐adjusted excess stock returns. Our results for Australian data are opposite to that found by Hou and Robinson (2006) for United States market data. Hou and Robinson reason that United States firms which operate in concentrated industries are insulated from competitive pressures, have lower levels of innovation (Arrow, 1962) and therefore experience lower profitability and stock returns. By contrast, the Australian data show a significant and positive relationship between concentration and innovation expenditure. Therefore, the excess stock returns of dominant companies in Australia are consistent with previous research linking innovation expenditure with excess stock returns. We hypothesize that the apparent contradiction of our results compared with Hou and Robinson (2006) for the United States market is resolved by an examination of the differences in size and competition in United States and Australian industries and the consequent differential ability of dominant companies in the two countries to generate monopoly rents and invest in ‘Schumpeterian’ (Schumpeter, 1942) innovation. 相似文献
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Organizational incentives are an important part of applied economics. Do even organizations like religious orders make the same trade‐offs and substitutions as predicted by economics for firms? It is argued here that religious orders face the problem of controlling the actions of their branch offices to assure the continued value and uniqueness of their trademark. We use the distinction between specific and general knowledge to analyze the optimal colocation of decision rights within the specific knowledge framework of a religious order. Assuming that knowledge is valuable in decision making, then the colocation of the decision authority with the particular knowledge that is beneficial to those decisions is preferable. With a sample of 114 local communities of 20 religious orders of the Roman Catholic Church, we empirically test whether the ratio of search/experience goods, of credence goods and the monitoring costs of the headquarter can explain the colocation of decision rights and authority within an order. Our findings give support for the hypothesis that religious orders at present make the same trade‐offs and substitutions as predicted by economics. Copyright © 2012 John Wiley & Sons, Ltd. 相似文献
20.
Barry Schouten Jelke Bethlehem Koen Beullens Øyvin Kleven Geert Loosveldt Annemieke Luiten Katja Rutar Natalie Shlomo Chris Skinner 《Revue internationale de statistique》2012,80(3):382-399
Non‐response is a common source of error in many surveys. Because surveys often are costly instruments, quality‐cost trade‐offs play a continuing role in the design and analysis of surveys. The advances of telephone, computers, and Internet all had and still have considerable impact on the design of surveys. Recently, a strong focus on methods for survey data collection monitoring and tailoring has emerged as a new paradigm to efficiently reduce non‐response error. Paradata and adaptive survey designs are key words in these new developments. Prerequisites to evaluating, comparing, monitoring, and improving quality of survey response are a conceptual framework for representative survey response, indicators to measure deviations thereof, and indicators to identify subpopulations that need increased effort. In this paper, we present an overview of representativeness indicators or R‐indicators that are fit for these purposes. We give several examples and provide guidelines for their use in practice. 相似文献