{"title":"Competitive Externalities of Tax Cuts","authors":"Michael P. Donohoe, Ha-Sung Jang, Petro Lisowsky","doi":"10.2139/ssrn.3265532","DOIUrl":"https://doi.org/10.2139/ssrn.3265532","url":null,"abstract":"We examine how tax cuts that benefit some firms are related to the economic performance of their direct competitors. Consistent with tax cuts decreasing the cost of initiating competitive strategies, we find that a decrease in the tax burden for only a certain group of firms in the U.S. economy has a negative economic effect on the performance of its direct competitors not directly exposed to the same tax cut. This negative externality is stronger when competitors (1) face financial constraints, (2) operate in more competitive markets, (3) have similar products to their lower-taxed rivals, (4) face rivals that retain more of their tax benefits (e.g., due to lower shareholder payouts), and (5) face financially constrained rivals. We also find that shareholders and lenders price the negative externality manifested in these competitors’ economic performance.","PeriodicalId":385921,"journal":{"name":"ERPN: Product Markets & Entrepreneurship Branding (Sub-Topic)","volume":"115 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-01-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124116273","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Demand Allocation in Multiple-Product, Multiple-Facility Make-to-Stock Production Systems","authors":"S. Benjaafar, M. Elhafsi, F. Véricourt","doi":"10.1287/mnsc.1040.0250","DOIUrl":"https://doi.org/10.1287/mnsc.1040.0250","url":null,"abstract":"We consider the problem of allocating demand arising from multiple products to multiple production facilities with finite capacity and load-dependent lead times. Production facilities can choose to manufacture items either to stock or to order. Products vary in their demand rates, holding and backordering costs, and service-level requirements. We develop models and solution procedures to determine the optimal allocation of demand to facilities and the optimal inventory level for products at each facility. We consider two types of demand allocation, one in which we allow the demand for a product to be split among multiple facilities and the other in which demand from each product must be entirely satisfied by a single facility. We also consider two forms of inventory warehousing, one in which inventory locations are factory based and one in which they are centralized. For each case, we offer a solution procedure to obtain optimal demand allocations and optimal inventory base-stock levels. For systems with multiple customer classes, we also determine optimal inventory rationing levels for each class for each product. We use the models to characterize analytically several properties of the optimal solution. In particular, we highlight eight principles that relate the effects of cost, congestion, inventory pooling, multiple sourcing, customer segmentation, inventory rationing, and process and demand variability.","PeriodicalId":385921,"journal":{"name":"ERPN: Product Markets & Entrepreneurship Branding (Sub-Topic)","volume":"49 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2004-10-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133378541","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Impact of Brand Trust on Brand Loyalty Mediated by Customer Satisfaction: Case of Tokobagus.com (now OLX.co.id)","authors":"Editor Jabs","doi":"10.20474/jabs-1.1.2","DOIUrl":"https://doi.org/10.20474/jabs-1.1.2","url":null,"abstract":"Visiting stores as the conventional way of shopping has been modernized into an online shopping trend. In fact, the emergence of numerous e-commerce sites leads to an interesting and needs-to-be-anticipated competition. Tokobagus.com (now OLX.co.id), a leading online shopping website in Indonesia with the highest visitors traffic, needs to sustain its position by implementing a good strategy and employing necessary factors in its business, i.e.brand trust, customer satisfaction and brand loyalty. These are required to boost profits and sustain the business within the tight competition. This study is conducted as a causal-associative research by using a quantitative approach. One hundred respondents are surveyed through online questionnaires with a convenience sampling. Their responses are analyzed by using descriptive and path analyses. The results show that the brand trust of Tokobagus.com is high, meaning that consumers are satisfied with the business. In parallel, the brand loyalty is high. In fact, brand trust directly affects customer satisfaction, while customer satisfaction directly affects brand loyalty. In addition, brand trust directly affects brand loyalty and, indirectly, brand trust affects brand loyalty with customer satisfaction as a mediating factor.","PeriodicalId":385921,"journal":{"name":"ERPN: Product Markets & Entrepreneurship Branding (Sub-Topic)","volume":"41 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124891966","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Behavioral Economic Growth, Technological Change and Productivity in Qatar","authors":"Issam A.W. Mohamed","doi":"10.2139/ssrn.2003386","DOIUrl":"https://doi.org/10.2139/ssrn.2003386","url":null,"abstract":"Available data on production parameters of the newly born Arabian Gulf countries are very scarce. Truly, they are extremely rich with their oil and natural gas reserves. However, it is basic in an economy to generate other sources of income from created economic sectors. In the present study I analyze production parameters of Qatar data by using improvised production functions and available data. The results show that labor and capital inputs as variables recorded 5.40 and 3.42, consecutively. That concludes that labor is the primary determining factor for industry. Moreover, by using the linear functions with time series data for capital LnKt and labor LnLt proved to be weak of values, 0.34 and 0.689, consecutively. Total labor productivity TFP are affected mainly by efficiency and technological changes. That reflects the improvements introduced to the newly born industrial sector in the country.","PeriodicalId":385921,"journal":{"name":"ERPN: Product Markets & Entrepreneurship Branding (Sub-Topic)","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129764377","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}