Do firms need to sacrifice profit while innovating in order to further social objectives, as corporate social responsibility (CSR) would seem to suggest? To answer this question, the paper compiles a classification of innovations according to market impact and CSR potential. Then it details case studies of two market changing (MC) innovations in India: genetically modified cotton of Monsanto an...

We provide an extensive and general investigation of the effects on industry performance (profits and social welfare) of exogenously changing the number of firms in a Cournot framework. This amounts to an in-depth exploration of the well-known trade-off between competition and production efficiency. We establish that under scale economies, welfare is maximized by a finite number of firms. Our r...

Simply selling products online can no longer guarantee profits for e-businesses especially for new comers to the e-commerce industry, as the competition among companies is more intense. In order to keep existing customers and make new ones, e-businesses have to provide products and services that feel personal to their clients. This research proposes a framework for improving a user’s e-commerce...

The welfare effect of advertising restrictions in the U.S. cigarette industry depends upon the impact of advertising on consumer and producer surplus, the transfer to consumers for being exposed to utility-reducing advertising, and smoking externalities. We estimate a demand equation and a supply relation simultaneously and use the parameter estimates to generate predictions of the impact of ad...

The main objective of this article is to determine if associative strategies followed in Chile have had any impact on the enhancement of productive performance of Chilean SMEs firms. In order to do that, the estimate of the impact is approached using the benchmark given by Social Experiment but within the context of a `nonexperimental' evaluation design. We conclude that these kinds of policies...

This paper explores the idea of cournot duopoly with homogenous expectations in a context of bounded rationality, where two semipublic firms endeavor to maximize the weighted average of social welfare and their own profit. The stability analysis of the fixed points are analyzed and complex dynamic features including period doubling bifurcations of the unique Nash equilibrium is also investigate...

Part I of this Article explains the dual analysis of ethics (ethical base of markets as a process and an end result) as it relates to profits and market efficiency. In particular, the author questions whether individuals are able to judge their own welfare and, if so, do individuals accept that they are the best judge. Part II explains the ethics of profit and its relation to poverty. Specifica...