This study investigates whether discount rate changes serve as an informative signal for investors to enter or exit the stock market. Based on the signal, a market timing strategy is formulated and its performance relative to a passive buy-and-hold strategy is tested with several performance evaluation methods. Empirical evidence derived from data of seven developed countries over more than 29 ...

In this paper we argue that managers confront a paradox in selecting strategy. On the one hand, capital markets systematically discount uniqueness in the investment strategy choices of firms. Uniqueness in strategy heightens the cost of collecting and analyzing information to evaluate a firm’s future value. These greater costs in strategy evaluation discourage the collection and analysis of inf...

The article analyzes network effects on the German GSM mobile telephony market. The authors use an ACE-approach to examine how a new competitor can successfully gain ground in the market with a discount-pricing strategy. In particular they study the impact of several elements of a mobile phone contract like on-net-, landlineor off-net-fees on the competitor’s market share. It turns out that it ...

A gambler starts with a fortune f < 1 and plays in a Vardi casino with infinitely many tables indexed by their odds r ≥ 0. In addition, all tables return the same expected winnings c < 0 per dollar and a discount factor is applied after each round. We determine the optimal probability to reach fortune one, as well as an optimal strategy, different from bold play for fortunes larger than a criti...

We consider a collusive arrangement as an agreement by the players of a game to restrict their choices to certain subsets of their strategy sets. A (collusive) scheme is the Cartesian product of such strategy subsets. We require schemes to be closed under sequential rationality. Using this solution concept, we apply the global game approach (Carlsson and van Damme, 1993) to the infinitely repea...

Faical – maybe we should just focus this paper purely on the WTP estimates and the issue of the whether quantity discount strategies would be a warranted marketing strategy. So review the organic WTP studies and quantity discount literature – my guess is that no one has evaluated the issue of quantity discounts in organic food marketing. This will be the contribution of our study. No need to me...

Purpose – Studies on optimal discount levels have sometimes yielded contradictory results, leaving practitioners with unclear direction. This paper proposes clarifying the optimum discount levels. Design/methodology/approach – This study asked 453 consumers to choose their own optimal discount levels (from 0-80 percent) for eight product categories across two distribution channels (physical sto...

Supplier selection and material procurement planning are the most important issues in supply chain management. This decision is complicated when the buyers face with discount price schemes. In real situation, each supplier may apply different methods such as different types of discount schedules and various types of payment in order to increase market share. In this situation, buyers try to sel...

In the repeated Prisoner’s Dilemma, when every player has a different discount factor, the grim-trigger strategy is an equilibrium if and only if the discount factor of each player is higher than some threshold. What happens if the players have incomplete information regarding the discount factors? In this work we look at repeated games in which each player has incomplete information regarding ...