Search results for " MARKETS"

Price discrimination and market power in export markets: The case of the ceramic tile industry.

2005

This paper combines the pricing-to-market equation and the residual demand elasticity equation to measure the extent of competition in the export markets of ceramic tiles, which has been dominated by Italian and Spanish producers since the late eighties. The findings show that the tile exporters enjoyed substantial market power over the period 1988-1998, and limited evidence that the export market has become more competitive over time.

Access, Equity, and Regional Development

2014

All over the world, the transition from elite to mass, and in many cases, universal higher education (Trow & Burrage, 2010) has resulted in a new set of policy dilemmas regarding the governance of higher education (HE) systems in general (Amaral, Jones, & Karseth, 2002), as well as attempts to steer access to HE in particular (Pinheiro, Charles, & Jones, 2013; Pinheiro & Antonowicz, forthcoming).

The euro–dollar exchange rate and equity flows

2009

Abstract I examine equity flows between the US and the euro area and their impact on the euro–dollar exchange rate. I explain equity flows by examining the behavior of an international investor who maintains a minimum variance portfolio. An excess of euro area equity returns over US equity returns generates a flow of equity from the euro area to the US. The equity flow, the purchase of US equities by the euro-area residents, causes appreciation (depreciation) of the dollar (euro), while the purchase of euro area equities by US residents causes appreciation (depreciation) of the euro (dollar).

The Institutional Determinants of Private Equity Involvement in Business Groups The Case of Africa

2015

This study examines the governance attributes of post-IPO (initial public offering) retained ownership of private equity in business group constituent firms in contrast to their unaffiliated counterparts, in 202 newly listed firms in 22 emerging African economies. We adopt an actor centered institutional-theoretic perspective in rationalizing institutional voids and the advantages of maintained governance by both business angels (BA) and venture capital (VC) private equity. Our findings reveal private equity retain higher post-IPO ownership in business group constituents compared to unaffiliated firms and that this is inversely moderated in the context of improving institutional quality. Ou…

Sustainable Development Model for the Automotive Industry

2019

The relationship between sustainability and business has become one of the central debates at the national and international level in both industrialized and emerging countries. A series of existing business models lack some critical aspects. The automotive industry strongly affects economic development, requiring rethinking business models in order to reduce their impact on the environment. An evaluation of the websites of the major automotive industry companies shows they have reported sustainability (through different methods) and present various practices in implementing organizational sustainability (OS). This paper aims to present a new business model for the automotive industry that …

European response to issues in recycling car plastics

1999

Abstract This paper discusses the issue of recycling of plastics in the automobile industry which has gained importance due to the proposed European Commission regulation on End-of-Life Vehicles (ELVs) where the EC sets targets on the percent recyclablity or reusability of a car by the year 2015. This proposed regulation puts pressure on the car manufacturers to increase the recyclable and/or reusable components of their product. Plastic poses a critical challenge as on one hand it is necessary to meet the customer demands related to esthetics, light weight and the technological advantages, while on the other hand it is a hurdle in achieving a higher percent recyclability of the ELVs. A clo…

Explotación de la tierra y tipos de mercado en la agricultura de la España contemporánea. Un comentario

1992

Se hace un repaso a los materiales presentados para el debate de la circulación del excedente en la España rural contemporánea. El debate se centró en las relaciones de propiedad y formas de tenencia de la tierra, la caracterización de los mercados agrarios y configuración de estrategias de participación en los mismos, y en las formas de gestión de las explotaciones. En las ponencias se destacó la intensa y diversa participación de los agentes sociales en los mercados de factores y los cambios en las formas de tenencia y explotación de la tierra como "estrategia" de adaptación de los propietarios a las diferentes coyunturas agrarias. The various points presented for the discussion over the …

Digital divide in Europe: assessing and comparing the e-readiness of a developed and an emerging economy in the Nordic region

2005

This paper discusses the digital divide in the Nordic region of Europe by comparing the e-readiness of Norway and Estonia. The e-readiness of both countries is above the average score; Norway, however, is better than Estonia. In general, e-readiness was used solely to quantify any divide for both countries.

Hierarchy of Values and Lifestyle of Managers

2018

A Quasilinear Parabolic Equation with Quadratic Growth of the Gradient modeling Incomplete Financial Markets

2004

We consider a quasilinear parabolic equation with quadratic gradient terms. It arises in the modeling of an optimal portfolio which maximizes the expected utility from terminal wealth in incomplete markets consisting of risky assets and non-tradable state variables. The existence of solutions is shown by extending the monotonicity method of Frehse. Furthermore, we prove the uniqueness of weak solutions under a smallness condition on the derivatives of the covariance matrices with respect to the solution. The in influence of the non-tradable state variables on the optimal value function is illustrated by a numerical example.