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Chapter 1. Revisits to Some Fundamental Issues Facing Economic & Business Studies -- Chapter 2. Systems Science and the Logic of Systemic Reasoning -- Chapter 3. Closed and Open Systems -- Chapter 4. The Evolution of Freely Competitive Markets -- Chapter 5. Consumer's Natural Endowments -- Chapter 6. Scenarios not Adequately Investigated. Chapter 7. Each Customer Defines What is Optimal and How to Optimize -- Chapter 8. Rationality: Optimal Fit to the Underlying Value-Belief System -- Chapter 9. Economy's Properties Emerging out of Micro Agents of Inconsistent Interests -- Chapter 10. Overcoming the Challenge of the Fallacy of Composition -- Chapter 11. Production, Costs and Profits of a Producer Firm -- Chapter 12. Production Possibilities, Correspondence and Factor Demand -- Chapter 13. Optimal Production Correspondence and Aggregated Supply/Demand -- Chapter 14 Consumption Preferences and Utilities -- Chapter 15. Convexities of Consumption Preferences -- Chapter 16. Budget and Demand Correspondence -- Chapter 17. Management Efficiency and Organizational Inefficiency. .

Chapter 1. Potential Unification of Applied Economic and Business Studies -- Chapter 2. The Ecosystem of a Firm -- Chapter 3. Beneficially Developed Synergistic Innovations -- Chapter 4. Innovations and Resources -- Chapter 5. Artificial Intelligence and Technological Innovation -- Chapter 6. Market-Sensing and Market-Reaching Capabilities -- Chapter 7. Agency Problem, Managerial Control and Projects' Interactions -- Chapter 8. Sustainable and Transient Competitive Advantages -- Chapter 9. Successful Adaption to the Present Era -- Chapter 10. Indecisive Customers and Sales Associates with Elevated Competitiveness -- Chapter 11. Appropriate Strategies and Necessary Organizational Supports -- Chapter 12. The Decision of either Going International or Staying Domestic -- Chapter 13. A Few Important Issues regarding Child Labor -- Chapter 14. Industry Sizes and Wage Differentials -- Chapter 15. Clashes of Currencies -- Chapter 16. Several Strategies of Self-Defense.

Along with the development of economic globalization, many countries have begun to relax their controls on their capital accounts. However, the recent financial crises in Latin American countries as well as the exchange rate crises in Southeast Asian countries have shown that there is major risk associated with capital account liberalization.This book details the benefits and risks of capital account liberalization and explains how to take an open-door policy at the appropriate time in order to reduce the risk to the lowest possible level. Supplying a complete mathematical analysis framework f

Along with the development of economic globalization, many countries have begun to relax their controls on their capital accounts. However, the recent financial crises in Latin American countries as well as the exchange rate crises in Southeast Asian countries have shown that there is major risk associated with capital account liberalization. This book details the benefits and risks of capital account liberalization and explains how to take an open-door policy at the appropriate time in order to reduce the risk to the lowest possible level. Supplying a complete mathematical analysis framework f.

PurposeThe purpose of this paper is to examine the effect of peer pressure on joint consumption decisions among emerging adults. Building on prospect theory and characteristics of emerging adulthood, the authors propose that influence from peers (i.e. informational and normative influence) serves as a channel to understand how peer pressure shapes joint consumer behaviors at different levels of social capital.Design/methodology/approachAn online survey is distributed to the emerging adults, aged 18 to 25, in the south, west, east and middle of the USA. Construct validity and reliability are tested by using confirmatory factor analysis. Structural equation modeling is used to test the mediating and moderating effects.FindingsThe results show that social capital moderates the relationship between peer pressure and group-oriented consumer decisions, such that the relationship is positive in groups with high-level social capital but negative in groups with low-level social capital. Furthermore, such effects tend to be achieved via peer influence. And peer influence is stronger in groups with high-level social capital than those with low-level social capital.Originality/valueThe current literature has shown contradictory results: it is usually believed that emerging adults may conform to pressure and engage in group-oriented decisions; however, some research has reported the opposite result. To better understand this relationship, the authors aim at a group-level factor – perceived social capital – as a boundary condition. This research contributes to the young consumer decision-making literature by involving the interplay among peer pressure, perceived social capital and peer informational and normative influence.

AbstractIn joint consumptions, people often make consumption decisions for their respective groups, where chosen products or services are jointly shared by the members of their groups. Although the phenomena of joint consumptions appear commonly in real life, the literature of consumer behaviors has mainly focused on choices for the self instead of choices for others. This paper focuses on identifying the influence of personality on consumer choices for others. Specifically, it studies the relationship between sociability and consumption choice for a group by examining the mediation role of sensemaking process (i.e., information and feedback seeking) and the moderated mediation role of interdependent self‐construal. Our results show that individuals high on sociability are more likely to engage in group‐oriented consumption decision making, while obtaining social satisfaction; such effects tend to be achieved via information and feedback seeking, as a channel of sensemaking. And, the influence of sensemaking is stronger for individuals who are low in interdependent self‐construal. This research contributes to the consumer‐behavior literature by examining individual differences and provides practical insights for managers, decision makers and marketers.