I study a model of trading under asymmetric information where traders can acquire expertise to become better informed. Within the context of this model, I propose and implement a method to estimate the ratio of the marginal social value to the marginal private value of expertise. More expert traders get rents because they can choose which assets to trade and they add social value because by cha...

Social tagging is a new way to share and categorize online content that enables users to express their thoughts, perceptions, and feelings with respect to diverse concepts. In social tagging, content is connected through usergenerated keywords—“tags”—and is readily searchable through these tags. The rich associative information that social tagging provides marketers new opportunities to infer b...

Probably the first nations to realise the developmental effect of physical education both on character and physique were Sparta and Athens. Though the systems developed by these two nations were concurrent, they were different in application. Sparta was to all intents and purposes a highly organised military camp, and almost the sole purpose of its physical education was to prepare a man for wa...

In a developing economy the real profitability of an industry needs to be assessed neither on the basis of its increasing rate of return nor on investment in relative terms. In recent decades another or additional approach has been used for measuring the success of an organisation i.e. “Value added statement” (VAS). The value added statement can be defined as a statement of the value created by...

Supply Chain Formation is the process of determining the participants in a supply chain, who will exchange what with whom, and the terms of the exchanges. Decentralized supply chain formation appears as a highly intricate task because agents only possess local information, have limited knowledge about the capabilities of other agents, and prefer to preserve privacy. State-of-the-art decentraliz...

Despite the extant conceptualisations of value in business literature, social representations of value (i.e. common sense knowledge about value) are yet to be fully understood. Thus, this paper investigated these social representations as well as the relationship between extant representations of value by employing the structural social representation theory and its related methodology strategy...

This paper investigates factors likely to increase a person’s risk of social exclusion, drawing on survey data specifically framed for this purpose. We use a generalised ordered logit model that accounts for observed and unobserved heterogeneity and derive the marginal effects for each influencing attribute. We find that people are less likely to be at risk of social exclusion if they have regu...

This study examines how firms are gaining value from using social media. Social media can be used by businesses for a range of functions, including but not limited to marketing and customer relationship management. It is particularly suitable for small and medium-sized enterprises (SMEs) because of its minimal cost, low barriers to participation and low level of IT skills required to use it. Th...

Purpose – The purpose of this paper is to understand the factors which impact upon the consumers’ willingness to utilise company Facebook pages and e-word-of mouth by proposing and testing a conceptual framework which is inspired by theories in marketing and information systems fields. The authors believe that only by applying both theories will provide a more complete understanding of the rela...

In order to guide the decisions of real people who want to bring about good epistemic outcomes for themselves and others, we need to understand our epistemic values. In Knowledge in a Social World, Alvin Goldman has proposed an epistemic value theory that allows us to say whether one outcome is epistemically better than another. However, it has been suggested that Goldman’s theory is not really...