Economics of product development by users: the impact of "sticky" local information

Article Abstract:

A study was conducted to analyze the impact of information transfer and agency-related costs on the locus of problem related to the design of customized products, namely computer telephony integration (CTI) systems and application-specific integrated specific circuits (ASIC). Two elements were considered in the link between information transfer costs and the locus of problem-solving activities. The elements minimized the given unit of information and the marginal cost of succeeding transfers by using investments. Results showed that information transfer costs are evident in the design of ASICs and are typically present in CTI in the form of supply lags. Findings also suggested that agency costs can be minimized by investing the application-specific work of product customization with regards to the end users.

Semiconductors and related devices, Semiconductor and Related Device Manufacturing, Computer terminals, Computer Terminal Manufacturing, Production Management, Terminals, Product Development, Management Dynamics NEC, Integrated Circuits by Function, Integrated circuits, Computer-telephone integration, Computer telephony, Product management, Management techniques, Application-specific integrated circuits, Application specific integrated circuits, Information resources management, Costs, Industrial, Industrial costs

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Derivation of covariance probit elasticities

Article Abstract:

Past research has established the validity of the full covariance probit model because it has a high level of flexibility in representing effects across brands. However, specific formulas for these effects, as well as direct elasticities for the probit model, have not been discussed. Current research examines these issues by analyzing three hypothetical examples. Results for current research suggest that the covariance probit model is not a model with constant elasticity. When other elements are held equal, elasticities will be inversely proportional to share. Additionally, research results indicate that covariance probit cross effects between two brands are unique to that specific pair of brands.

Analysis, Marketing research, Market research, Brand name products, Brand names

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