The troubled introduction of an American air computerized reservation system at French Railways reflects the difficulty of transforming European public rail transport into a market-oriented industry. Computerized reservation systems played an important role in supporting increased competition, providing a global strategic advantage and modifying market structures in the US air industry. However...

Forecasting hourly electricity prices and their characteristic properties is a core challenge for energy generation companies trading houses. The short-term marketing purchase of usually managed with standardized products traded on different markets specific temporal resolution maturity. size scope the price forecasting literature has grown significantly in recent years, majority studies focuse...

Exports have become an increasingly important source of revenue for both national and regional firms in the United States. U.S. exports are rising rapidly, especially from the Midwest. As a result, national and district firms must be ever more attentive to changes in U.S. export markets. One such change is the rapid growth of U.S. export markets in the developing nations of East Asia and Latin ...

Nitrate discharges from diffuse agricultural sources significantly contribute to groundwater and surface water pollution. Tradable permit programs have been proposed as a means of controlling nitrate emissions efficiently, but trading is complicated by the dispersed and delayed effects of the diffuse pollution. Hence, markets in nitrate discharge permits should be carefully designed to account ...

Electricity markets consist of multiple look-ahead and real-time spot markets, across which energy price is generally volatile. Moreover, dispatch and pricing decisions in the real-time markets strongly hinge on the quality of the real-time state estimates, which are formed dynamically in order to delineate real-time information about operation state of the grid. Adversaries can leverage price ...

In this article, we examine competitive moves by which fi rms achieve superior performance. In contrast to prior work that has focused on moves and the related competitive advantages of large fi rms, we draw attention to entrepreneurial fi rms. Based on 32 runs of a multi-round experiential simulation and in-depth participant interviews, we fi nd that entrepreneurial fi rms require competitive ...