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...

During the last decade the world has faced a tremendous development of information technology and telecommunication. This study investigates the impact of rumours (released on the web) on common stock returns. The findings indicate that the market responds positively to rumours. During the event...

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...

Two new normative indices of mobility are proposed. The first one is a population weighted generalized Gini mobility index and will be higher, the higher the size of the transfer between two individuals and, for a given transfer, the higher the rank difference between the individuals between...

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'...

Two new normative indices of mobility are proposed. The first one is a population weighted generalized Gini mobility index and will be higher, the higher the size of the transfer between two individuals and, for a given transfer, the higher the rank difference between the individuals between...

This paper uses the Watts poverty index in order to derive a breakdown of poverty into chronic and transitory poverty. Following a paper by Chakravarty et al. (2008), we then suggest a new decomposition of these two components. Using the new decomposition, we are able to analyze the contribution...