I introduce dispersed information in a search and matching model of the labor market, where firms are hit by aggregate and idiosyncratic productivity shocks. The latter induce larger responses in recruiting activity than the former because aggregate shocks are relatively less persistent and have general equilibrium effects which partially offset the change in fundamentals. Informational frictio...

In recent years, customer value has become a major focus among strategy researchers and practitioners as an essential element of a firm’s competitive strategy. Many firms have been interested in Customer Value Analysis (CVA) which involves a structural analysis of the antecedent factors of perceived value (i.e., perceived quality and perceived price) to assess their relative importance in the p...

The aim of this paper is to investigate the effects of bounded rationality on labour market dynamics. The model is based on a standard New Keynesian model that incorporates labour market search and matching frictions developed by Trigari (2006). During the bargaining process, wages and working hours are jointly determined by firms and workers. Expectations heterogeneity is introduced by assumin...

The aims of this paper are twofold. The first is to analyse the interaction between research and development (R&D) activities of firms and heterogeneous consumer preferences in structuring the evolution of an industry. The second is to explore the heterogeneity in firms’ innovation strategies. Is heterogeneity sustainable in the long-term and what happens to the market shares of firms having di...

the purpose of this article is to present the summary of all the research done on the weak form of efficient market hypothesis. these tests include normality test of return distribution, auto correlation test. run test and filter tests.

This paper studies the effects of psychological, individual, product strategy, and situational factors on the impulse purchase behavior of customers in all Refah stores located in Tehran. The paper uses Betty and Ferrell Model to set forward and to test 4 hypothesis. All four hypothesis were confirmed. The results indicated that the selected factors had impact on the impulse behavior of the con...

114 services that the product realized cannot be found in the offer of a competitor. Customers would become permanent and the market party cannot be big, but constant, maintained firmly. All the strategy of differentiation resides in maintaining customers even in the conditions of price difference required for the offered distinction, as differentiation leads to a supplementary value for the pu...

Idiosyncratic productivity shocks induce larger adjustments to hiring than aggregate shocks, because general equilibrium effects on search frictions and wages partially offset the latter. When firms cannot disentangle the two shocks, they attribute aggregate disturbances partly to idiosyncratic factors and to that extent, respond more aggressively. This translates into increased aggregate volat...

An explanation is provided for the evolution of segmented marketplaces in a pairwise exchange economy. Large traders operating in a pairwise exchange market prefer to meet other similar traders, because this enables them to trade their endowments in a smaller number of encounters. Large and small traders, however, cannot be distinguished a priori, and the existence of the small traders imposes ...