This paper investigates a theoretical model that explains the relationship between exchange rate and profit when it takes the effect of exchange rate on both input and output prices into account. Using the panel data of 19 two-digit Taiwanese and 17 two-digit Japanese manufacturing industries...

This study probes the reasons why increased income does not enhance happiness based on the effects of relative income and expected income. The study analysis is based on results from the Taiwan Social Change Survey from 1999 to 2002, using an ordered probit model. The findings demonstrate that...

Purpose – If a society does not identify with purchase of illegal goods, consumers will undertake more psychological burden when buying the goods. The purpose of this paper is to explore the effect of social norm of anti-piracy on social welfare. Design/methodology/approach – This paper uses...

According to the quality signaling theory, firms are motivated to invest more advertising in high-quality products. This paper conducts an experiment through a closed-ended double-bounded dichotomous choice of the contingent valuation method to measure consumer willingness-to-pay for a...

Previous studies on home country effects mainly focused on FDI from large developed economies to other countries. But today's super recipient is a relatively larger economy than its investors and many of these investors are not classified as "developed economies." A simple Ak type model implies...