Search results for "ACCOUNTING"
showing 10 items of 1961 documents
ASSET MARKETS AND EQUILIBRIUM SELECTION IN PUBLIC GOODS GAMES WITH PROVISION POINTS: AN EXPERIMENTAL STUDY
2001
We report experimental results on the effects that auctioning the right to play a public goods game with a provision point may have on equilibrium selection and individual behavior. Auctioning off such a right among a larger population of players strikingly enhances public good provision. Once public good provision is obtained, the auction price at the preliminary stage increases to its upper limit, dissipating all players’ gains associated with the provision of the public good. Individual deviations from the equilibrium strategy are neither able to force lower market prices nor to affect provision of the public good in subsequent periods. (JEL C72, C92, H41) I. INTRODUCTION Public good pro…
Unbeatable Value Low-Price Guarantee: Collusive Mechanism or Advertising Strategy?
2006
This paper investigates the effects of a low-price guarantee (price-beating guarantee) on the patterns of price setting of three supermarkets using micro-level price data. Following recent theoretical developments, the paper analyzes the ability of low-price guarantees to sustain anticompetitive prices. My empirical analysis suggests instead that this low-price guarantee may serve as an advertising device to signal low prices. The supermarket offering the low-price guarantee, aware of its price advantage in a subset of products, uses it to signal low prices to induce consumers to switch supermarkets.
On the classification of large residential buildings stocks by sample typologies for energy planning purposes
2014
Local and central administrations are often called to properly allocate economic resources intended for the territorial energy planning, on the basis of the performances achieved by implementing energy conservation measures. Particularly in the residential sector, that represents one of the most relevant sector for the energy demand, effective and reliable evaluation tools are required for this aim. Unfortunately, building stocks are characterized by a very large number of buildings that are referred to different construction periods and are equipped with a variety of appliances and tools, other than with different heating and cooling systems. This means that the whole energy consumption of…
The implementation of the TQM philosophy in Poland
2005
PurposeThe purpose of the paper is to present an overview of various total quality management (TQM) issues in Poland's business organizations and the public sector.Design/methodology/approachDescribes the role of the Polish Quality Award Committee in promoting the idea of TQM. Presents the results of survey research on the implementation of TQM in Polish companies. Presents a critical analysis of the results and formulates conclusions based on the author' experience gained while working in the Polish Quality Award Committee at the National Chamber of Economy.FindingsThe analysis of the literature on the subject and the results of empirical research allow the formulation of conclusions. It t…
Pnnr e le economie del turismo in Italia: disparità inter ed infra regionali e politiche di ripresa e resilienza
2022
The Italian regions show marked differences in the pattern of tourism development. These disparities can be offset by implementing a common plan supporting recovery and strengthening its resilience to external shocks. This article aims to offer a deepening of the NRPV concerning the economies of tourism and, following a regional analysis, to verify the current disparities and the initiatives of the plan to overcome them. An analysis of the Italian regions on the supply and demand front is proposed using synthetic indices of endowment and the presence of tourist demand to compare the articulation of specificities at the sub-regional level. Finally, some guidelines are suggested on policies f…
The demand for IPR services - to use or not to use a professional representative
2021
We analysed the use of professional representative services and related outcomes in patent, utility model, design right and trademark filings. We found that: 1) there is a positive association between the use of a professional representative and the likelihood of grant or registration; 2) the demand for professional intellectual property rights (IPR) services is heterogeneous between IPR types: applicants are most likely to hire professional representatives (IPR agents and attorneys) for patents, followed by utility models, design rights and trademarks; 3) individual applicants are less likely to use professional representatives compared to firm applicants. peerReviewed
Electronic commerce and governance forms: a transaction cost approach
2010
A large amount of the electronic commerce (EC) literature is focused on the benefits of digitalising transactions, as well as technological and organisational issues related to implementing inter-firm information systems. Even though firms choose different electronic solutions for different purposes, there are still modest research contributions focusing on what kind of governance structures that emerge from business to business (B2B) electronic commerce and why these different governance forms emerge. This paper develops a framework for analysing how certain transaction characteristics such as order frequency, relation specific assets and uncertainty affect the alignment of electronic gove…
Have IFRS Changed How Stock Prices Associate with Earnings and Book Values? Evidence from Norway
2012
Firms listed on European, Australian and an increasing number of other stock exchanges are required to report according to International Financial Reporting Standards (IFRS). We use a Norwegian sample to examine whether the adoption of IFRS in 2005 has changed the value relevance of earnings relative to book values. IFRS are balance sheet-oriented and emphasize measurement at fair value. In contrast, Norwegian GAAP (NGAAP) are earnings-oriented and focus on measurement at transactional (historical) cost. IFRS also differ by recognizing more intangible assets, which further contributes to making IFRS less conservative than NGAAP. We find that more fair value accounting increases the value re…
THE DURATION OF FIRM-DESTINATION EXPORT RELATIONSHIPS: EVIDENCE FROM SPAIN, 1997-2006
2012
I. INTRODUCTION The traditional trade literature that investigates aggregate trade flows emphasizes the sizeable increase in trade relationships since World War II and the remarkable persistence of trade flows. However, recent microlevel studies point out that under the stable aggregate trade flows there is a rich dynamics at firm- and/or product-level with a high turnover. In fact, international-market presence is often a transitory and an uncommon phenomenon. At any period, only a small percentage of home-based firms participate in trade and exporting firms are different from non-exporters (larger, more productive, etc.). Moreover, there is much persistence in exporting status; being an e…
Political risk and export promotion: evidence from Germany
2008
Political risk represents an important hidden transaction cost that reduces international trade. This paper investigates the claim that German public export credit guarantees (Hermes guarantees) mitigate this friction to trade flows and hence promote exports. We employ an empirical trade gravity model, where we explicitly control for political risk in the importing country in order to evaluate the effect of export guarantees. The idea behind export promotion through public export credit agencies (ECAs) is that the private market is unable to provide adequate insurance for all risks associated with exports. As a consequence, firms' export activities are limited in the absence of insurance pr…