When supply and demand drift apart, prices adjust to restore equilibrium. But when prices cannot adjust, or can only adjust slowly, there is an inefficiency in the market. A lot of value can be created by reducing that inefficiency through increased price flexibility.

Prices in many markets cannot change quickly. Internet commerce is making prices more flexible and creating massive amounts of value in the process, but there is still a long way to go and much to play for.

Globalization is frequently identified as a primary force affecting the structure and development of the US economy as we enter a new millennium. How are trade deficits connected to globalization? Are those deficits really a problem?

While increased access to foreign markets would not have large aggregate implications for the U.S. economy, it will have important sectoral effects.

To maximize a firm's value its managers must match internal capabilities to external opportunities. Flexibility in timing of decisions about the firm's capabilities and opportunities give managers 'real options'. What are they and how do we use them?

 

Alastair Bor T’00 recently sat down with David Pyke, Professor of Operations Management, to discuss his research on Supply Chain Coordination.

 

 

 

Potoula Chresomales T’00 recently sat down with Kusum Ailawadi, Associate Professor of Marketing, to discuss her research on promotions in the consumer packaged goods industry.

I was interested to read Prof. Knetter's comments about the so-called New Economy in an article in the Fall '99 issue of Paradigm. I have a few of my own theories for the current boom which I would be interested in bouncing off Professor Knetter.

While Professor Wylie provides substantial insight into the efficiencies of the Internet auction, I'd like to suggest that a countervailing influence may be at work: the cost of asymmetric information.