The model presented here derives the product life cycle of durable goods. It is based on the idea that the purchase process consists of first purchase and repurchase. First purchase is determined by the market penetration process (diffusion process), while repurchase is the sum of replacement...

A dynamic model of the product lifecycle of (nearly) homogeneous durables in polypoly markets is established. It describes the concurrent evolution of the unit sales and price of durable goods. The theory is based on the idea that the sales dynamics is determined by a meeting process of demanded...

When Edith T. Penrose became Fritz Machlup’s student in the late-1940s, she found little in mainstream or Austrian economics to guide her as she began her explorations into the growth of the firm. While she acknowledged Kenneth Boulding’s influence on her work, we suspect she drew on a...

This study examines the critical role of capital market governance in driving Bangladesh's economic growth. The paper analyzes the key components of effective governance, including transparency, fair market conduct, and investor protection. It assesses the current state of capital market...

This study examines the impact of the COVID-19 on the wellbeing of individuals in Great Britain, as measured by life satisfaction and happiness, by analysing the dramatic drop in travel during this time. The Bayesian VAR model considers a range of exogenous and endogenous variables, including...

In this paper a new evolutionary algorithm based on the region search evolutionary algorithm (RSEA) is developed for optimal energy management and operation of microgrids. Islanded microgrid operation is more crucial than the conventional distribution grids because of less dependency of the...

The main purpose of this research is to investigate the impact of the existence of a code of ethics in the work place on the blue-collar workers' security and job satisfaction. The data for this research was collected using self-administered questionnaires from blue-collar employees working in...

As Africa’s major oil exporter and factor driven stage country, Nigeria has made some progress in socioeconomic terms in recent years. However, large pockets of Nigeria’s population still live in poverty without adequate access to basic services. Currently, Nigeria is capturing just as small...

This study examines the effectiveness and policy implications of veterans' welfare services administered by the Philippine Veterans Affairs Office (PVAO) in Zamboanga City, Philippines. Utilising a mixed-methods approach, the research integrates quantitative surveys with qualitative interviews...