The microeconomics principles course focuses on competitive markets far more than any other market structure. This paper considers the possible reasons. We suggest that this focus might be because: (1) competition is descriptive of many important real world markets (2) competition is viewed as a useful approximation to a wide array of real world markets that are not strictly competitive; (3) co...

For the peasants in rural China, the harvest season is the occasion when several different worlds – the business world of large companies, the entrepreneurial world of middlemen, local elites and peasant households – are compressed into the same social space, thereby inducing intensive economic and social interactions and crystallizing social relations among villagers, local elites and markets....

This paper investigates market integration and asymmetric price transmission in the world rice export markets. Using monthly rice prices from Thailand, Vietnam, and United States, we employ the Johansen test and estimate the threshold vector error correction model (TVECM). Our main findings are that export prices in the three countries are cointegrated, with Thailand and the United States the p...

Rising e-commerce volumes the world over provide opportunities to global marketers to expand their markets using the Internet. While Internet casinos have had their share of failures, the industry still rakes in three times the revenues as web pornography. Converging web technology allows for Internet gaming operators to expand their markets all over the world. However, appealing to consumers i...

The importance of disturbances in financial markets for real economic activity and the positive association between price level and output movements typically are explained by appeal to a combination of nominal aggregate demand shocks (particularly money-supply shocks) and rigid prices. We argue that this view is inconsistent with evidence for short-run responsiveness of prices and gold flows t...

In this paper we develop a framework for the ownership structures of electronic markets and contrast different alternatives by using a case study in the automotive industry. Focus is General Motors’ decision to join the industry electronic market place Covisint and Volkswagen’s decision to build an individual solution. Building on multiple theories from inter-organizational relationship formati...

The Broadband Services Expert Group in Australia, In its recent final report Networking Australia's Future, recommended support for trials of narrowband and broadband innovations. This paper briefly outlines the planning under way for major trials of lnternet and broadband In Canberra. The Canberra Telecornmunlty Project, cosrdlnated by the University of Canberra, is an attempt to monitor and t...

This paper identifies factors that are driving success in the business-to-consumer area of e-commerce in the US and analyses their applicability to the German market. Some of the success factors refer to critical mass phenomena and are likely to be effective in Germany once a certain threshold has been overcome. For others, specific functional solutions have been developed historically in Germa...

We construct a Pearson correlation-based network and a partial correlationbased network, i.e., two minimum spanning trees (MST-Pearson and MST-Partial), to analyze the correlation structure and evolution of world stock markets. We propose a new method for constructing the MST-Partial. We use daily price indices of 57 stock markets from 2005 to 2014 and find (i) that the distributions of the Pea...

Great progress has been made over the past few years in the study of the impact of IT on inter-firm trade relationships and markets. Most works in this area focus on firm boundaries (purchasing or outsourcing) or buyerseller relations in general. Although these works are based on reasonable theoretical grounding and many of them have been tested empirically, they do not provide a complete expla...