Search results for "markets"

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…

Time-varying conditional correlation : effect on international portfolio diversification in Southeast Asia

2017

Tämä tutkimus tarkastelee USA:n ja valittujen Kaakkois-Aasian kehittyvien maiden markkinoita; Philippiinejä, Indonesiaa, Malesiaa ja Thaimaata. Tutkimus antaa tuloksia sekä USA:n että indonesialaisen sijoittajan näkökulmasta. Merkittävä rooli tutkimuksessa on ajassa muuttuvan korrelaation havainnollistamisessa osakeindeksien välillä käyttäen apuna Englen vuonna 2002 esittelemää DCC-GARCH mallia. Tutkimuksessa käytetty data on vuodesta 1988 vuoteen 2015 saakka. Tulokset paljastavat kuinka valittujen osakemarkkinoiden välinen korrelaatio on muuttunut kolmen kriisin - Aasian kriisin, teknologiakuplan ja globaali talouskriisin - myötä ja onko muutos ollut pysyvää vai ei. Lisäksi tutkimuksessa t…

La ciudad y la huerta.

2005

The disappearance of the agrarian landscape ln the huerta of Valencia has been accelerated in the last years as a consequence of the advance on the disordered urbanization. This has given place to both a civic movement and a growing attention from investigators of diverse areas. The present article is a review of the recent publications about this topic. The text stands out the peculiar features of this agrarian space as well as the process of its historical formation. The arguments for the preservation of the huerta are mainly based in their ecological and cultural values. Also in the rich material patrimony that the irrigation and agricultural practices have left on the land. One of the m…

An Ethnographic Exploration of Southern Norwegian Second-Hand Cultures

2019

Master's thesis Global development and planning UT506 - University of Agder 2019 n this era of online shops and big retail shops, second-hand markets still exist in many places, including in Norway. Second-hand markets in this thesis consist of flea markets and second-hand shops. Flea markets open in spring, summer, and autumn in Southern Norway. These markets are established by various communities, clubs, and organizations. Some flea markets are also opened by individuals. On the other hand, thrift shops or bruktbutikker open through year. Second-hand shops are also established by non-profit organizations or individuals. This study explores the culture of second-hand marketsin Southern Nor…

Barcelona’s Urban Markets; I mercati urbani di Barcellona

2016

I mercati non sono solo potenti dinamizzatori dell’economia urbana come luoghi del commercio di prossimità, dell’occupazione e dell’imprenditorialità, ma svolgono un importante ruolo di aggregazione sociale e di promozione culturale che concorre ai processi di rigenerazione urbana. Ben consapevole di tali funzioni, l’Ajuntament de Barcelona ha istituito nel 1991 un organismo autonomo per la gestione diretta e l’amministrazione dei mercati di Barcellona, l’IMMB (Institut Municipal de Mercats de Barcelona), che provvede anche alla modernizzazione dei mercati attraverso il miglioramento delle infrastrutture e dei servizi alla persona, l’adeguamento dell’offerta merceologica in base alle nuove …

Impact of ethical certifications and product involvement on consumers decision to purchase ethical products at price premiums in an emerging market c…

2021

AbstractIn emerging markets, instances of increasing consumers focus on ethical aspects of the product are observed. To this end, we aim to examine the influence of two ethical certifications and two product involvement types on consumers willingness to purchase ethical products at price premiums in the Indian market. No animal cruelty certification and no child labor certification are chosen as the ethical certifications, and a shirt and a bar of soap are chosen as high and low involvement product categories. Data is collected from 206 respondents for the experiment, in which consumers willingness to purchase a product is evaluated for different product scenarios. The results of the study …

The impact of COVID ‐19 on franchising in emerging markets: An example from Brazil

2020

The outbreak of COVID‐19, the disease caused by the SARS‐CoV‐2 virus, has had significant economic, political, and social consequences worldwide. The franchising sector, consisting mostly of retail and service businesses, is an example of an industry that has been deeply affected. The experiences of franchising stakeholders in Brazil highlight the strengths of the franchising model in such situations. This investigation, based on primary data from webinars with food service, education, retail, and business‐to‐business service companies in Brazil, coupled with reports from commercial and franchising entities, reveals how the COVID‐19 outbreak has affected the franchising sector. It illustrat…

The impact of private equity on firms in emerging markets : evidence from Ghana

2017

Master's thesis Business Administration BE501 - University of Agder 2017 In the last decade, most emerging markets have been associated with new investment opportunities and some growth prospects that attract private equity (hereafter, PE) investors. Regions with growing interest of PE investments include Africa and Asia. Research on PE impact on recipient firms in developed economies are voluminous and has proven that PE plays a remarkable role in firms’ success. Until now, such performance implications on firms in emerging markets are limited in study. Our study focuses on the impact of PE funding on financial performance of firms in emerging markets using Ghana as a case. Using data from…

New Challenges in Economic and Business Development – 2019: Incentives for Sustainable Economic Growth: Abstracts of Reports (11th international scie…

2019

Perceived problems with collateral: The value of informal networking

2020

Abstract Many businesses in emerging economies are financially constrained due to their limited use of formal loans. Recent evidence suggests that negative perceptions discourage entrepreneurs from applying for loans. One of the main issues entrepreneurs mention is unattainable collateral requirements. In this paper, we contribute to this line of research by investigating the effect of networking with fellow entrepreneurs on perceived collateral problems. Drawing on quantitative and qualitative data originating from female entrepreneurs in Tanzania, we find that through networking, entrepreneurs are exposed to stories of their peers’ experiences with loans which influence their perceptions …