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Full-Text Articles in Business
A Rationale For Meeting Quotas Asymmetrically, J. Patrick Meister, Robert S. Main
A Rationale For Meeting Quotas Asymmetrically, J. Patrick Meister, Robert S. Main
Scholarship and Professional Work - Business
Under certain conditions, otherwise identical, competing firms may find it jointly preferable to face differing degrees of trade barriers on individual products rather than symmetric trade barriers. The key is the ability to reduce marginal production cost via research and development. The economic significance of this insight is that there could be a role for a market for quota allotments. This insight also has applications to Voluntary Export Restraints in which a priori symmetric, restricted firms may prefer to have individual production levels allocated asymmetrically. This indicates the need for detailed studies of how quotas are met by individual firms. …
New Product Innovation With Multiple Features And Technology Constraints, Kathy A. Paulson Gjerde, S. A. Slotnick, M. J. Sobel
New Product Innovation With Multiple Features And Technology Constraints, Kathy A. Paulson Gjerde, S. A. Slotnick, M. J. Sobel
Scholarship and Professional Work - Business
We model a firm's decisions about product innovation, focusing on the extent to which features should be improved or changed in the succession of models that comprise a life cycle. We show that the structure of the internal and external environment in which a firm operates suggests when to innovate to the technology frontier. The criterion is maximization of the expected present value of products during the life cycle. Computational studies complement the theoretical results and lead to insights about when to bundle innovations across features. The formalization was influenced by extensive interviews with managers in a high-technology firm that …
An Investigation Of Adjustable-Rate Mortgage Pricing Features, William K. Templeton, Robert S. Main, J. B. Orris
An Investigation Of Adjustable-Rate Mortgage Pricing Features, William K. Templeton, Robert S. Main, J. B. Orris
Scholarship and Professional Work - Business
Investigates costs and risks associated with the choice of terms for adjustable rate mortgages. Impact of mortgage-rate changes on the size of payments for adjustable-rate mortgages; Examination of the choice of length of the fixed period before the occurrence of the first interest rate; Assessment of the choice of annual and lifetime caps for a standard one year adjustable rate mortgages.