This paper extends the work in Serletis (1992) by re-examining the empirical evidence for random walk type behavior in energy futures prices. It tests for fractional integrating dynamics in energy futures markets utilizing more recent data (from January 3, 1994 to June 30, 2005) and a new...

The theories of investment under uncertainty and real options predict that uncertainty about, for example, oil prices will tend to depress current investment. We reinvestigate the relationship between the price of oil and investment, focusing on the role of uncertainty about oil prices. We find...

This paper uses a unique individual transactions data set to investigatethe effects of internet purchase on the prices paid for airline tickets.The analysis also investigates the effects of changes in the percentageof online transactions on both online and offline prices and on pricedispersion....

Internet presumably reduces search cost driving price to the competitivelevel. Evidence from empirical research quantifying dispersion in theelectronic based markets has yield mixed results. More recent researchhas documented near zero dispersion in the electronic markets usingtransaction...

This paper uses transaction data to investigate the effects of Internet purchase on airline fares. Our data include ticket characteristics, restrictions, flight load factors, and dates and channel of purchase. Controlling for ticket and flight characteristics, online purchasers pay about 11...

This article explores the significance of the nature of networks developed by entrepreneurs in accessing business finance. On the basis of qualitative data generated through case studies of Indian entrepreneurs in Information and Communication Technology industry, this article reports on the...

Internet presumably reduces search cost driving price to the competitive level. Evidence from empirical research quantifying dispersion in the electronic based markets has yield mixed results. More recent research has documented near zero dispersion in the electronic markets using transaction...

Media reports on incidences of abuse on the internet, particularly among teenagers, are growing at an alarming rate causing much concern among parents of teenagers and prompting legislations aimed at regulating internet use among teenagers. Social networking sites (SNS) have been criticized for...

This paper investigates why passengers pay substantially different fares for travel on the same airline between the same two airports. We investigate questions that are fundamentally different from those in the existing literature on airline price dispersion. We use a unique new dataset to test...