In this paper, we develop an agent-based model of a market game in order to evaluate the effectiveness of the U.K. government’s 2008–2010 policy on promoting smart metering in the U.K. retail electricity market. We break down the policy into four possible policy options. With the model, we study the impact of the four policy options on the dynamics of smart metering diffusion and suggest policy...

With the promotion of “Internet + efficient logistics” and refer Tomorrow’s Elastic Mobility Adaptive(TEAM), this paper extends the framework of urban logistics based on the Internet and cloud computing environment, specifies the challenges and transitions experienced by the commodity market, transport market, infrastructure market, then discusses several key technologies of IT application in u...

For over 20 years, researchers in marketing have investigated factors that influence price sensitivity. There is extensive variation in price and promotion sensitivities at all levels of aggregation. Recent empirical work, enabled by advances in data collection and statistical methodology, has advanced our understanding of variation in consumer response to price promotions. Such variation in pa...

In this paper, the authors evaluate the impact of access to ICT-based market information on prices received by farmers and the intensity of adoption of improved hybrid and composite maize varieties. Propensity score matching is applied to cross-sectional survey data from farmers whose major cash crop is maize. Results indicate that adoption of improved maize has a positive and significant effec...

As the title suggests, this paper compares two “formula” or mechanical investment techniques, dollar cost averaging and a relatively new proposal, value averaging, to a form of random investing to determine if any technique yields superior investment performance. Results indicate that value averaging does provide superior expected investment returns when investment prices are quite volatile and...

The mobile online medium (i.e. mobile data communication) allows the creation of context-sensitive profiles for mobile consumers by using identityand context information and thereby enabling the efficient targeting of current consumers' needs. However, current implementations of Mobile Marketing activities do not make use of these beneficial unique features and apply, for instance, content-base...

We separate the “rentier” portion of the budget constraint of the representative agent from the “income-plus-distributed profits” segment. The former’s wealth consists exclusively of returns on government bonds, the latter’s wealth is wage income from working for firms plus the distributed profits of the latter. The non-neoclassical element is the non-imposition of the market-clearing assumptio...

In this paper some extensions of the latent class (LC) approach are applied to analyze the Italian pharmaceutical market. This sector is characterized by a high level of competitiveness, more limited economic budgets than years ago and, at the same time, expensive sales and promotion activities; in this context, it is very important to know the reference market, so to design appropriate marketi...