The information-integrated channel: a study of the U.S. apparel industry in transition

Article Abstract:

The economic forces that are transforming the retail-apparel-textile channel were examined. The channel is composed of textile suppliers, apparel manufacturers and retail stores. Integration within the channel has resulted in overlapping production functions, making production stages difficult to distinguish. Apparel suppliers have increased their investments in information technologies, distribution systems and related services. Firms that invested in innovative manufacturing processes are the ones that registered higher performance. Two comments on and a general discussion of the article are also included.

APPAREL AND OTHER TEXTILE PRODUCTS, Apparel & Related Products, Apparel Manufacturing, Research, Economics, Clothing industry, Industrial organization, Information theory, Information theory in economics

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Retrospectives: real and money wage rates

Article Abstract:

Keynesian economics assumes that real and money wage rates are slightly procyclical in nature, that is, real wages tend to increase with output. The Keynesian model shows that money wage reductions does not necessarily reduce unemployment. Rather, they reduce price levels which results in an increase in real wage rates. This is in contrast to the neoclassical theory which argues that employment and unemployment levels are determined by real wage rates. Both the Keynesian and the neoclassical models emphasize the money illusion of workers.

Models, Money, Wages, Wages and salaries, Neoclassical economics, Keynesian economics

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Market segmentation and the sources of rents from innovation: personal computers in the late 1980s

Article Abstract:

The relation between the high rates of personal computer cloning and high rates of innovative investment in the product is found to have localized segmentation along the two categories. There is a marked edge in exploiting the popularity of the brand name, while the early launch of the product has nominal effect on the change of demand functions. Each type of group can yield rents via attraction of more customers, rather than brand development and further technical innovations.

Electronic computers, Electronic Computer Manufacturing, Analog & Hybrid Computers, Market Research, Marketing Management Development, Microcomputers, Marketing management, Market segmentation, Brand name products, Brand names

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