Articles tagged with Commerce
A new study by Duke University, University of Notre Dame, and Microsoft proposes a solution to reduce deceptive comparison pricing: requiring firms to disclose their true normal price. The study finds that providing this information can moderate the effect of advertised regular prices on consumer behavior.
Computational heuristics like Grey Wolf Optimizer and Whale Optimization Algorithm offer fast solutions to complex supply chain problems, providing accurate results within a shorter time frame. The research suggests these tools can be a valuable addition to supply chain management, especially in responding to unexpected disruptions.
Researchers at Cornell University found that employees who are not in positions of power can become more creative when given time to warm up to a task by engaging in it multiple times. This challenges the idea that power boosts creativity and suggests a simple intervention to empower all employees.
Researchers found that membership-based free shipping (MFS) can increase net customer revenue by up to 12.75%, as heavy buyers consolidate their spending after enrollment. Light buyers contribute the highest percentage change in revenue contribution, while heavy buyers may exploit free shipping benefits and lose money for retailers.
Research by University of Missouri expert Naresh Khatri shows that companies with effective HR and IT departments thrive when allowing employees to work from home. Employees can complete collaborative tasks with similar quality and quantity, regardless of location.
A new study by Cornell University found that customers who use one-click checkout spend more on average, visiting the site 7% more often and buying a wider range of merchandise. One-click buyers also spent more time on the site per visit.
A new study suggests that Thai confectioners can gain a competitive advantage by using their country's local heritage and culture. The research found that youngsters in Thailand still enjoy local confectionary as well as Western brands, but local products have strong emotional value to them.
A study of commercial and Medicare Advantage claims data from 2003 to 2017 found no statistically significant difference in psychosis-related diagnoses or prescribed antipsychotics between states with medical or recreational cannabis policies and those without. The findings suggest continued evaluation of psychosis as a potential conse...
Researchers found that secondary selling, a salesperson's considerate behavior with secondary entities like customers and company property, increases sales revenues and customer satisfaction. The study suggests training initiatives and making secondary selling behaviors visible to customers.
Researchers found that featured reviews on Amazon can lead to higher sales and improved customer satisfaction, but the impact decreases when there are too many reviews. Products with three reviews performed better than those with more or fewer reviews.
The SpaceX Dragon spacecraft will launch onboard a Falcon 9 rocket with critical research and supplies for the International Space Station. ISS National Laboratory-sponsored projects aim to bring value through space-based research and technology development.
Researchers propose experience cocreation to transform shared coupons into a tool for relationship building, suggesting it can boost social goals and alleviate norm conflict. The study recommends three steps for managers to utilize social influence, including sending reminder messages that emphasize economic and social value.
A study by researchers at the University of Florida found that over a quarter of vacuum cleaners sold on Amazon display false discount claims when raising prices, resulting in shoppers paying 23% more. The practice drives higher sales despite charging more, improving products' sales rankings.
A study of 389 Fortune 500 organizations found that female leaders prioritize customer relationships, driving long-term financial performance. Female executives are especially valuable in stable environments with a high degree of control over customer strategy.
A new study examines the role of six brand factors, including price positioning, advertising spending, and distribution breadth, in moderating the impact of business cycles on brand equity. The research finds that premium pricing, market leadership, and extensive distribution contribute to brand equity during economic expansions.
Researchers examine pricing and brand equity implications of brands selling on one-party versus third-party online platforms. Brands may increase unit sales but compromise brand perceptions, while 3P platforms provide full control over pricing and product presentation.
A study investigated total and out-of-pocket costs of genetic counseling among commercially insured adults with cancer, finding that these costs can significantly impact patient care. Factors contributing to higher costs were identified, highlighting the need for more affordable genetic testing options.
A study published in the Journal of Marketing found that drinking caffeinated beverages before shopping leads to more items purchased and increased spending, particularly for high hedonic products. The researchers also discovered that the effects of caffeine are stronger for certain types of products and weaker for others.
A new study by Xi'an Jiaotong-Liverpool University finds that upscale hotels in Texas benefit most from hosting Tesla charging stations between 2015-2018. The study suggests that the benefits are due to brand alignment and the presence of nearby tourist attractions, which attract customers seeking charging services.
A new study explores how firms' organizational identity orientations shape interactions with external parties. Firms with mismatched identities may experience friction, leading to conflict or relationship breakdown. Researchers propose conducting systematic identity assessments to resolve these issues.
A new study finds that generalist stores experience a 3% decline in organic product sales after an organic specialist store enters the market. However, this impact can be mitigated by increasing organic product variety, focusing on premium products, and adopting an organic specialist brand.
Offline subscription platforms must consider the local market condition to succeed, with variety-seeking customers, differentiated vendor offers, and alleviated price competition being key factors. Platforms also have a dual relationship with vendors, collaborating on services while competing on prices.
A new study found that a higher minimum wage was associated with fewer people defaulting on their rent payments, particularly among those at the lower end of the housing expense market. However, landlords responded by increasing rent payments, offsetting some but not all of the increased income.
The 'Prize Papers' Project has made available online court documents related to the capture of approximately 1,500 ships between 1793 and 1815. Researchers can access digital copies of case books, trial records, and other materials, providing unique discoveries on global maritime history.
Researchers developed an algorithm that incorporates customer behavior into recommendation systems, making more accurate and personalized suggestions. The technique, known as tensor decomposition, analyzes data in multiple dimensions to capture complex patterns and relationships.
The University of Bath's Centre for Smart Warehousing and Logistics Systems is developing algorithmic expertise, while Logidot will further enhance IoT tracking technology to optimize warehouse operations. The project aims to address rising demands for fast deliveries, improve supply chain efficiency, and reduce costs.
New research from UniSA finds that confusion, lack of knowledge and disinterest are hindering businesses' progress in addressing modern slavery. The study provides a framework to help companies improve their approaches, but warns that without effective measures, global efforts to stop modern slavery will be unlikely to succeed.
A new study identifies customers' political ideology as a driver of satisfaction, finding that conservatives are consistently more satisfied than liberals. Companies can use this insight to tailor their products and services to boost customer satisfaction and drive sales.
A new study of 25 years of recalls at publicly traded companies found that newly tenured CEOs are more likely to announce a product safety recall. The study also reveals that once CEOs have been in their role for about three years, they are more likely to allow recalls to go unannounced.
The study identifies two central processes shaping brand flagship platforms: consumer crowdsourcing and crowdsending. Brands can tailor the degree of consumer involvement, leading to four different states of consumer-platform relationships. The platformization of brands requires fundamental changes to established notions.
A study by Martin Luther University Halle-Wittenberg reveals that mid-sized collaborations are crucial for companies to become gatekeepers in Germany's business network. These collaborations lead to improved innovation and profits. Large companies dominate the gatekeeper position, but smaller collaborations can also be beneficial.
A new study in Strategic Management Journal found that pay-for-performance incentives lead to more closed and smaller networks in organizations, hindering innovation. The study's authors argue that managers should avoid such incentives and instead design networks that spark innovative thinking.
Rosalind Franklin University of Medicine and Science has been awarded a $2 million matching grant to develop and open state-of-the-art wet lab space for collaboration with industry partners. The funding will also benefit Lake County communities by attracting biotech companies and creating new jobs, internships, and training programs.
Researchers found that emotional expressions of anger in negative reviews influence consumer attitudes and choices, counterintuitively increasing the negative impact. Online retailers and review platforms should take angry reviews seriously and address them promptly to mitigate their effects.
A new study from the University of Georgia suggests that eliminating physical currency could benefit average Americans as long as certain taxes are lowered too. The research finds that reducing cash transactions would lead to lower tax evasion, allowing governments to reduce other taxes and boost overall well-being.
Researchers provide generalized communication principles for successful bid writing in the gig economy, including moderate call length, task information focus, and concreteness. By managing uncertainty through bids, freelancers can increase their chances of winning gigs and achieving price premiums.
A new study from the University of South Australia reveals that Australian firms with large gender pay gaps are not only perpetuating inequality but also harming their overall performance. The research found that women executives in top management teams can lower a firm's annual return on assets by 2.2%.
A study by Washington State University found that Gen Z adults are open to apparel rental services as a way to reduce waste and extend clothing lifespan. Key factors contributing to this trend include the perceived effectiveness of making a difference and a focus on usage over ownership.
Researchers have discovered a camp with a warehouse on the Dutch islands of Curaçao and Bonaire, revealing everyday objects from the first half of the eighteenth century. The findings shed light on the impact of informal maritime commerce on society and daily life in colonial communities.
Researchers have developed a new methodology to measure cocoa flavanols and procyanidins, which is more accurate and reliable than previous approaches. This new method will support further research into the health effects of these compounds and provide industry with tools for reliable raw material and product testing.
A study by Oregon State University found that location-based data from social commerce sites like Yelp can predict restaurant success. The hybrid model, which combines contextual and geographic models, performed best in predicting business performance.
A new text-mining method developed by Cornell statistician Shawn Mankad and his colleagues can help developers improve mobile apps faster. By aggregating and parsing customer reviews in one step, the method provides guidance on a single app's performance and compares it to competing apps over time.
The US Navy's Task Force Ocean aims to advance its tactical advantage through better understanding of the ocean environment. The initiative will increase research funding and sponsor graduate students and post-doctorates in physical oceanography and acoustics.
Researchers from IMDEA Networks and Huawei are developing a joint project to explore the synergies between traditional WiFi/LTE networks and state-of-the-art millimeter-wave networks for 5G. The partnership aims to improve steering accuracy and data throughput in millimeter-wave networks, paving the way for widespread adoption.
The University of Texas at San Antonio has received a nearly $800,000 grant from the US Department of Commerce's National Institute of Standards and Technology to develop new computer simulation models for characterizing the impact of severe earthquake conditions on reinforced concrete structures. These tools will provide engineers wit...
Researchers analyzed network traffic from over five billion events to identify malware signals weeks before detection. This allows for early warning of potential attacks, reducing their impact. The study suggests new strategies for malware-independent detection, giving network defenders a timely advantage.
A University of Houston study reveals that print readers remember an average of 4.24 news stories, while online readers recall only 3.35 stories. The researchers attribute the difference to the nature of online news as a medium with multiple uses and ephemeral content.
A Tel Aviv University study reveals a direct link between online price competition and longer flight times. The research found that the shift to online distribution channels has changed the way airlines compete for customers, prioritizing price over performance.
A new paper by Tim Lemper argues that the Supreme Court's decision in National Federation of Independent Business v. Sebelius established new limits on Congress' power to regulate commerce and use federal funds to coerce states. The court's decision placed groundbreaking limits on federal regulation, setting a precedent for future cases.
Researchers found that latency arbitrage, a common high-frequency trading practice, diminishes profits collectively for both regular investors and high-frequency traders in fragmented markets. They recommend regulatory changes to move to discrete trading, which would lead to more efficient trades and eliminate the latency arms race.
The University of South Florida has been awarded a $1 million grant by the U.S. Commerce Department to support new web and mobile app ventures, aiming to create hundreds of high-wage jobs in the region. The grant will also help at least 50 Florida-based startup companies secure early-stage funding.
The inaugural issue of American Political Thought explores the concept of American exceptionalism, with scholars arguing over its origins, applications, and implications for U.S. foreign policy. The articles challenge common assumptions about the term's meaning and its role in shaping American identity.
Researchers found that making goal attainment visual provides motivation, even in abstract contexts. Studies showed that participants who could easily visualize their progress were more energized and motivated to reach their goals. The study suggests that visualization can be a powerful tool for increasing motivation and commitment.
A recent study published in Administrative Science Quarterly found that the way goods are traded plays a crucial role in determining an industry's moral legitimacy. The researchers examined the trade of human cadavers for medical education and research, highlighting how narrative distinctions and proper practices can render markets moral.
A team of Caltech researchers discovered that consumers assign higher values to goods they can physically interact with. In experiments, subjects bid an average of 50% more for tactile experiences than visual or text-based presentations.
The US Chamber of Commerce's annual surveys have been criticized for their inaccuracies and biases, raising concerns about the reliability of their rankings. Theodore Eisenberg's analysis suggests that the surveys may be more of an advocacy tool for tort reform rather than a genuine assessment of state judiciaries.
Jan Hall, a scientist emeritus at NIST and JILA fellow, was awarded the 2005 Nobel Prize in Physics alongside Theodor W. Hänsch for their contributions to laser-based precision spectroscopy. Their work enabled precise control of light frequencies, leading to breakthroughs in science, technology, and navigation.
Researchers at JILA have developed an efficient method to measure and control atomic energy levels with extremely high accuracy. The technique uses ultrafast pulses of laser light to record in real-time the energy required to boost atoms' outer electrons, enabling fine-tuning with lower power lasers.
A new method developed at NIST measures the strength and stiffness of thin-film samples in under 2 seconds, providing quantitative results for definitive comparisons. This technique has applications in evaluating materials for semiconductors, solar cells, fuel cells, coatings, magnetic storage devices and nanotechnology devices.
A comprehensive NIST study found that commercially available fingerprint matching systems can accurately identify individuals at a rate of over 99% in various tests, including single-finger and multi-finger matches. The accuracy of these systems improves with additional fingerprints and high-quality prints.