This paper examines pricing policy, quality levels, consumer surplus and social welfare for the monopoly and non-monopoly case. It is shown that given certain realistic assumptions, the network industry under unregulated monopoly would yield more social welfare than in the case of several...

A fixed price policy regardless of expiration date may result in unsold inventory and sales loss. Price reduction over time as the expiration date approaches motivates customers to purchase all items, including the ones that are left with only a short interval until their expiration. We conduct...

This paper investigates the relation between advances in technology and trends in the gender wage gaps in the US service industry. Using quarterly US Current Population Survey data on employment and wages by four major occupations between 1979 and 2001, the paper estimates a constant elasticity...

Economists have usually called the proportion of the average wage gap between two groups which could not be explained by individual characteristics 'discrimination'. Recently, several theories have suggested that labour market discrimination, on the one hand, lowers the wages of the 'minority'...

Purpose – The purpose of this paper is to develop a user‐oriented decision‐supporting applicable tool for selection of a single supplier out of a group of potential suppliers in a dynamic business environment over a finite planning horizon. Design/methodology/approach – A qualitative and...

In this paper we show how the use of a restricted number of coupons in the presence of different types of customers is an effective means of implementing a price discriminating policy. Hence, firm profits can be increased even when traditional price discrimination is forbidden.