Suchergebnisse

A multinational corporation's (MNC) entry into a host country brings benefits to the economy of that country, some direct (such as increasing production and employment) and some indirect (such as productivity spin-off). Governments that view MNCs as engines for growth and regional development have begun to encourage the flow of foreign investment into their country in hopes of increased local employment, market production and export capacity. MNCs consider first the maximization of profit when selecting a site to establish their subsidiaries. An MNC examines possible investment sites and indicates those that are best fitted for the investment. The countries that remain at this stage are similar in terms of their economic characteristics, and they compete with each other for receiving the foreign investment. In this paper we use tools from auction theory to analyze the competition between host countries and MNCs and investigate the existence of Nash equilibrium strategies. The characteristics of this equilibrium are considered and assessed. We developed a general model for examining the incentive competition between two countries and then apply it for several subgroups according to the number of MNCs and the availability of information. It turns out that the characteristics of the equilibrium depend on the number of MNCs as well as on the structure of their contribution to the host country economy. ; peer-reviewed

AbstractConsumers routinely make decisions about the timing of their consumption, making tradeoffs between consuming now or later. Most of the literature examining impatience considers monetary outcomes (i.e., delaying dollars), implicitly assuming that how the money is spent does not systematically alter impatience levels and patterns. The authors propose an impatience asymmetry for material and experiential purchases based on utility duration. Five studies provide evidence that consumers are more impatient toward experiential purchases compared to material purchases and that this increased impatience is driven by whether the value is extracted over a shorter utility duration (often associated with experiential purchases) or a longer utility duration (often associated with material purchases). Thus, when an experience is consumed over a longer period of time, the results show that impatience can be diminished. Additional results show that the effect holds in both delay and expedite frames and suggest that the results cannot be explained by differences in scheduling, time sensitivity, affect, ownership, future time perspective, or future connectedness.

PurposeThe purpose of this paper is to identify patterns of development that fit the unique attributes of minorities living in peripheral regions and determine the role of public policy in stimulating such patterns.Design/methodology/approachFirst, a theoretical model is developed for development measures to be considered for minorities living in a peripheral area, the case of the Bedouins in Israel is analyzed, using secondary data, questionnaires, and focus groups.FindingsThe paper finds that economic development among minorities living in a peripheral region could be achieved through the combination of policies at the local, regional, and national levels: support of local economic activities, development of regional activities, and improvement of access to the labor market at the national level.Research limitations/implicationsThe Bedouins in Israel present unique cultural attributes that do not necessarily reflect the situation of other minorities in peripheral areas. Consequently, some of the conclusions of this study may not be relevant to other cases.Practical implicationsPublic policy should focus on improving education, professional training, infrastructure development, removing barriers, and launching regional economic projects.Originality/valueThis paper suggests an alternative approach to the prevailing policy of social support to retarded regions and populations: using both theory and empirical analysis, it develops an integrative approach at the local, regional, and national level, that would create conditions for healthy and sustainable economic growth.