Especially in the short-term, prices in natural gas markets are not exclusively determined by overall supply and demand, but also by the availability of the transport infrastructure. If transportation capacity is scarce, prices may form in (local) residual markets and can differ regionally. If...

The widespread use of digital devices has enabled firms to collect and accumulate massive data that can be used to improve product quality. In this way, data has become one of the essential driving forces for value production and serve as a new factor of production. This paper employs a...

Revisiting Rothbardian monopoly price theory and extending it to the realm of factor pricing, this paper explains how grants of privileges to capitalists can lower labor and land factors' prices compared to what would prevail in a free market environment. Monopolistic grants to capitalists make...

I propose a model where, all else equal, a tyrannical regime is limited by the population density of the area under tyrannical rule. Both when the population density is near zero and when it is very large, the costs of enforcing tyranny approach infinity—thereby tyranny is effectively zero. At...

The article examines the process of formation inventory of the enterprise and determines the optimal volume of commodity resources for sale. A generalization of author’s approaches to the formation and evaluation of inventories of the enterprise is carried out. The marketing-logistic approach...

Is new market creation a search and selection process within the theoretical space of all possible markets? Or is it the outcome of a process of transformation of extant realities into new possibilities? We draw upon Goodman's (1983) Grue paradox to explain the dynamics of a new network of...

يقوم هذا البحث باستثمار التقارب بين نماذج تحديد الأثمان عند الاقتصاديين والفقهاء في التحليل الاقتصادي لأحد المسائل المهمة في التبادل وهي الغبن. ومن بين أهم...

Especially in the short-term, prices in natural gas markets are not exclusively determined by overall supply and demand, but also by the availability of the transport infrastructure. If transportation capacity is scarce, prices may form in (local) residual markets and can differ regionally. If...

A new microeconomic model is presented that aims at a description of the long-term unit sales and price evolution of homogeneous non-durable goods in polypoly markets. It merges the product lifecycle approach with the price dispersion dynamics of homogeneous goods. The model predicts a minimum...

This paper develops a model for forecasting bankruptcy at the industry level that accounts for bankruptcy contagion from customers and suppliers. Utilizing customer and supplier relationship networks, I find that both customer and supplier bankruptcies explain bankruptcies in the subject...