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Monday, November 26, 2007
the Auto Retail Informer November 26, 2007
Auto Retail Informer Intro November 26, 2007
Based on a cross-country study of 37 manufacturing industries from 37 countries, we provide three pieces of related evidence in support of this argument. . . Taken together, our results are consistent with corporate transparency facilitating the allocation of resources across industry sectors. Source: Jere Francis, University of Missouri-Columbia. June 5, 2007. "Does corporate transparency contribute to efficient resource allocation?" Highlights:- Understanding need (part 5.) Limitations to rational decision making
- Concluding thoughts: remembering what we are trying to accomplish
...To view the entire article: Understanding Need (part 5) (11/26/07)
Last week I explored the idea of need fulfillment. During the discussion, I pointed out that you and I (the consumer) usually account for about $70 out of every $100 of economic output in the United States. And I explored how consumer expenditures (including personal transportation) fits into Maslow's hierarchy of needs. Today I wanted to conclude the series with some limitations to theory. Those of you on this distribution list probably know better than anyone that theory does not always work in practice. Far too often we all have watched inferior products (or services) win. For example, a friend of mine attending UCLA's dental school told me this week that cavities are on the rise. Why? Bo
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