We analyze the impact of an endogenous minimum quality standard (MQS) imposed on an industry collectively by producers based upon a profit criterion, a situation common to agricultural industries. A MQS can enhance net welfare in these settings because it may correct for deficient production of high-quality product by the industry in the absence of a MQS. However, we show that any MQS imposed v...

The assumption that the United States has a health care system that is organized to ensure health care for the population is an erroneous one. In reality, there is relatively little true organization within the health care sector, which consists of a large number of independent businesses with missions that range from charitable to entrepreneurial. Even the not-for-profit businesses must compet...

This short note provides a systematic construction of market models without unbounded profits but with arbitrage opportunities.

We report our analysis, using account data from a large discount brokerage firm, of the common stock investment performance of 166 investment clubs from February 1991 through January 1997. The average club tilted its common stock investment toward high-beta, small-cap growth stocks and turned over 65 percent of its portfolio annually. The average club lagged the performance of a broad-based mar...

In many cases, buyers must incur search costs to find the price of a product. This search cost affects the behavior of consumers, and through that, it affects the profit maximizing behavior of the firms. As search costs change, so do the competitive marketing mix strategies of the firms. In predicting the effect of changing search costs on the equilibrium prices and allocations, it is important...

The socio-technical theory is concerned with human well-being; it is democratic, humanistic and provides both freedom and knowledge to those who are part of it. Balanced scorecard is an approach that assesses whether the organization is meeting its objectives in terms of vision and strategy. It measures four perspectives: financial, customer, internal business processes and innovation & learnin...

Dialectical Enquiry (DI) as a research method was used in the study of customer/student experience and its management (CEM) in not for profit as higher education. The (DI) method is applied to senders, receivers of the customer experience across six English universities to gather real world data using an imposed dialectical structure and analysis. By conducting sixty interviews from the actors ...

The global service outsourcing industry has developed rapidly; but how about the software service outsourcing industry in China? Employing the combination research methodologies of field survey, literature research and analysis of the collected data from the survey questionnaire using the SPSS statistic software and its relativity tests, this empirical study analyzed the market structure and pe...

Background Claretian Associates, a non-profit community development organization, and South Chicago Workforce, a non-profit builder and contractor, have teamed to create 26 efficient, healthy, sustainable, affordable homes in South Chicago, IL. These homes are constructed with structural insulated panels (SIPs), are heated with condensing furnaces, utilize sealedcombustion water heaters, and co...

Active, experiential learning is an important component in information systems education, ensuring that students gain an appreciation for both practical and theoretical information systems concepts. Typically, students in active, experiential classes engage in real world projects for commercial companies or not-for-profit organizations. In the latter case, such engagements are often referred to...