Legislation facing high-market-share U.S. industrial manufacturers

The concept of “no-fault antirust” calls for a legislated limit on a firm's market share. The concept's attraction is its implied simplicity. However, the concept suffers from a number of intrinsic faults and its implementation would adversely effect the competitiveness of U.S. industrial firms in both domestic and international markets.     

Further research into a convention for measuring the state-of-the-art of products or processes

In a 1980 study, an attempt was made to provide some degree of quantitative precision to the term “state-of-the-art” by developing an SOA measure for computers and antibiotics. This study expands on the convention developed in the earlier work and applies the approach to five technologies: aircraft turbine engines, high-temperature materials as used in blades and vanes, manmade fibers, farm tractors, and coal gasification. Satisfactory state-of-the-art measures were developed for aircraft turbine engines and high-temperature materials, and the maturity of farm tractor technology was confirmed. The convention also revealed that manmade fiber technology has been in a refining mode since the introduction of nylon. Coal gasification has not gained enough commercial experience to merit a state-of-the-art measure.     

Forecasting Connecticut home sales in a BVAR framework using coincident and leading indexes

We develop a Bayesian Vector Autoregressive Model (BVAR) to forecast home sales in Connecticut. In addition to home prices and mortgage interest rates, we also include measures of current and future economic conditions to see if these variables provide useful information with which to forecast Connecticut home sales. The best performing model incorporates recently developed coincident and leading employment indexes for Connecticut. These composite indexes perform markedly better than the inclusion of individual variables such as the unemployment rate or housing permits authorized.     

A framework for strategic industrial pricing

A model for pricing decision making in an industrial setting is described. Written from the perspective of a price setter, the model starts with an evaluation of the relative strengths and weaknesses of both buyer and seller. These evaluations are then input into a strategic framework, which integrates tactical considerations with several environmental concerns. The article concludes with a set of strategic pricing alternatives, in a matrix form, to be used by price negotiators and pricing executives of industrial companies.     

The evolution of strategic marketing

This article examines the evolution of the concept of strategic marketing. Strategic marketing does not replace traditional marketing management. Rather it adds new dimensions to the field of marketing, enhancing its role in the determination of corporate strategy.     

A systems approach for developing high technology products

Product development for high technology products is comprised of the three stages of assessment, development, and execution. In addition, all three stages consist of information and decisions involving technological, product, and market dimensions. This article presents a systematic approach for integrating these three dimensions by which a go—no-go decision can be reached prior to the expenditure of large amounts of funds for research and development.     

Duty,obligation, and responsibility in accounting policy making

The Financial Accounting Standards Board has been under considerable pressure in recent years to choose among accounting standard alternatives based on their anticipated economic consequences. It is the Boards's stated position, however, that standards ought to be chosen for the faithfulness of the representations they will bring about. This paper examines the philosophical justification for the opposing positions on the economic consequences issue. The issue is first examined as one of ends and means, and it is found that accounting policy makers have a stronger obligation to pursue faithful representations than they have a responsibility to pursue good economic consequences. A similar result is found when the ends—means distinction is dropped and the issue is examined as involving conflicting duties to refrain and to act. The conclusion is reached that there is no justification for departing from faithful representations.