The automotive market is extremely important in an economy because there are a high number of industries working for the automotive market. This article presents the features of the car market, defines the relevant market and examine the competition in the premium segment of the car market in...

“Zero-price markets,” wherein firms set the price of their goods or services at $0, have exploded in quantity and variety. Creative content, software, search functions, social media platforms, mobile applications, travel booking, navigation and mapping systems, and myriad other products are...

Recent years have witnessed the rise of many successful e-commerce marketplaces like the Amazon marketplace, Uber, AirBnB, and Upwork, where a central platform mediates economic transactions between buyers and sellers. A common feature of many of these two-sided marketplaces is that the platform...

Small scale business has never played an important role in the economy as it is today. This study, therefore, aims to investigate small business enterprise with emphasis on flowers and garden plants. Specifically, it intends to identify market segmentation factors and practical small business...

Nonlinear nonparametric statistics (NNS) algorithm offers new tools for curve fitting. A relationship between k-means clustering and NNS regression points is explored with graphics showing a perfect fit in the limit. The goal of this paper is to demonstrate NNS as a form of unsupervised...

We study the determinants of asset market fragmentation. We develop a model of market formation with strategic investors that have heterogeneous valuations for an asset. Investors choose a dealer with whom to trade considering their price impact and the liquidity provided by the dealer....

The real options theory suggests that firm value should include the value of real options, i.e., a firm has the option to expand a more profitable business and the option to liquidate assets of a less profitable business. For a diversified firm, each segment has similar options. Applying the...

Pay What You Want (PWYW) and Name Your Own Price (NYOP) are customer-driven pricing mechanisms that give customers (some) pricing power. Both have been used in service industries with high fixed costs to price discriminate without setting a reference price. Their participatory and innovative...

Although objects around us vary in a number of continuous dimensions (color, size, orientation, etc.), we tend to perceive the objects using more discrete, categorical descriptions. For example, in the variety of colors and shapes on a bush, we can see a set of berries and a set of leaves....