The term prosumer, first introduced by Toffler in the 1980s, has been developed by sociologists in response to Web 2.0 (the set of technologies that has transformed a predominantly static web into the collaborative medium initially envisaged by Tim Berners-Lee). The phenomena is now understood as a process involving the creation of meanings on the part of the consumer, who re-appropriates space...

1567-4223/$ see front matter 2011 Elsevier B.V. A doi:10.1016/j.elerap.2011.10.001 ⇑ Corresponding author. Tel.: +886 2 2939 3091x85 E-mail addresses: [email protected] (C.-C. (J.-S. Chiou). This study applies social capital theory to investigate how a player’s network centrality in an online gaming community (i.e., a guild) affects his/her attitude and continuance intention toward a Massi...

We consider an inference method for prediction based on belief functions in quantile regression with an asymmetric Laplace distribution. Specifically, we apply this method to the capital asset pricing model to estimate the beta coefficient and measure volatility under various market conditions at given levels of quantile. Likelihood-based belief functions are calculated from historical data of ...

There are two facts related to the reallocation of physical assets across plants. In the macro level, capital reallocation, measured as the aggregate sales of used capital, is procyclical. In the micro level, selling used capital is costly. In this paper, I investigate the quantitative contribution of adverse selection in the used capital market towards generating the procyclical capital reallo...

We study the location of various film-related services (such as camera rental, casting agencies or pyrotechnic services), the main determinant of interest being the human capital specificity. We show that firms which supply services with a lower firm specificity locate farther away from one another, and argue that it can be concluded that the "poaching" argument (fear of employees leaving for a...

This study integrates social resources theory and social exchange theory arguments to examine the knowledge benefits that international assignees’ host-unit social capital entails upon repatriation. Specifically, I hypothesize that assignees’ host-unit social capital, operationalized as their number of work group contacts and their proportion of trusted ties at the host unit, positively relates...

We study a dynamic principal-agent problem where social capital is an important part of the system of incentives. In each period the firm chooses an incentive intensity, and its employees allocate effort between individual and cooperative tasks. Cooperative tasks are within bounds more pro­ ductive than individual tasks, but employees are not monetarily rewarded for them. Rather, and consistent...

In this paper we carry out a preliminary exploration of a time scales’ conjecture, which postulates that “reasonable” notions of sustainability must include a suitable synchronisation of time scales of both the processes of human development and those of the natural environment. We perform our analysis within a coarse, five variable, model of man-nature interactions expressed as a system of dif...

Many emerging market economies use alternative forms of capital controls. Often the use of capital controls is related to the defense of the exchange rate. This paper examines the welfare case for capital controls, and the interaction between capital controls and the exchange rate. The main question is whether capital controls may be justified, in order to gain independence in monetary policy, ...

The objective of this paper is to investigate the role of social capital in for-profit People-to-People (P2P) lending marketplaces such as Prosper, the largest P2P lending marketplace in the US. We examine whether marketplace members (lenders, borrowers) are able to capitalize on borrowers' accumulated social capital. From a borrower's perspective, we investigate the influence of social capital...