The concept of Exploratory Capacity (EC)—the amount of slack resources an organization has (in the form of people, time and/or money), that can be devoted to simultaneous technical and market discovery—is introduced to describe how innovators can proceed under conditions of great uncertainty, specifically when technologies and markets are co-evolving. Drawing on a sample of 31 companies whose b...

Small scale industries are suffering most from the marketing problems due to their owners’ attitudes, units’ capacity, and quality of products along with the scale of production. The researchers analyzed the problems of selected twenty small scale industrial units of various industrial groups of industrial estates of Sylhet division of Bangladesh to get insights of the problem. Primary an...

We analyze a two-stage game where capacity constrained electricity generators first choose how much capacity they make available and then compete in a uniform price auction. We study how capacity withholding can be used strategically to enforce market power and how uniform auctions in the price game change the results of capacity constrained competition models. Our main finding is that the unif...

(1992) and Kydland (1995) for a survey of this literature. 2 Merz (1995) introduces such time delays in the form of costly search in the labor market while Christiano and Todd (1996) considers a time-to-plan investment process. M odern business cycle theories are evaluated on the basis of their ability to explain key empirical features of the postwar U.S. business cycle. The failure of nonmarke...

1 First released in April 2003. Abstract – This paper proposes a scheme for the management of network congestion in the Internal Electricity Market (IEM) of the European Union. This scheme tries to combine the rigor in the treatment of the energy and transmission capacity transactions with the flexibility and pragmatism that are necessary to make the scheme compatible with the current diversity...

According to a Survey by the Society for Human Resource Management [6], 25% of human resource representatives interviewed in 1998 indicated that the companies they worked for ran credit checks on potential employees while the fraction increased to 43% in 2004. In this paper, we explore how such credit checks (information on observable credit market actions) might help separate workers with hete...