Center For Integrated Facility Engineering CIFE research shows that Virtual Design and Construction emerges in phases: visualization, followed by computer-based data integration and finally automation of design, construction, and operational activities. This white paper lays out some of the owner requirements to support IP- and computer-based integration of building systems....
Firms in durable good product markets face incentives to intertemporally price discriminate, by setting high initial prices to sell to consumers with the highest willingness to pay, and cutting prices thereafter to appeal to those with lower willingness to pay. A critical determinant of the profitability of such pricing policies...
The author develops a model that accounts for the movements of unemployment in the U.S. over the past few years. The model pays close attention to evidence about preferences for work and consumption. It attributes bilateral efficiency to employment relations, with respect to the formation and continuation of matches and...
This paper investigates the macroeconomic response to exogenous shocks, namely natural disasters and stochastic productivity shocks. To do so, an endogenous business cycle model was used in which cyclical behavior arises from the investment - profit instability; the amplitude of this instability is constrained by the increase in labor costs...
Construction companies often try to introduce new technologies to stay competitive. Unfortunately, experiences show that construction management project teams adopt these new technologies only slowly. To help speed up this adoption process, R&D and project managers need to better understand which factors influence the speed of adoption. The R&D manager...
The aim of this paper is to explore and describe how and why young technology firms communicate their innovations, especially the way they communicate with journalists and different media outlets. Young firms are aware of the need to influence potential stakeholders around them such as customers, venture capitalists, suppliers that...
The sheer volume and complexity of government regulations make any attempt to locate, understand and interpret the information a daunting task. Other factors, such as the scattered distribution of the regulations across many sources, different terminologies and cross referencing, further complicate the technical issues in developing a regulation information management...
The complexity and diversity of government regulations make understanding and retrieval of regulations a non-trivial task. One of the issues is the existence of multiple sources of regulations and interpretive guides with differences in format, terminology and context. This paper describes a comparative analysis scheme developed to help retrieval of...
A critical determinant of the profitability of such pricing policies is the extent to which consumers anticipate future price declines, and delay purchases. It develop a framework to investigate empirically the optimal pricing over time of a firm selling a durable-good product to such strategic consumers. Prices in our model...
Architecture, Engineering, and Construction AEC projects require multidisciplinary solutions. AEC professionals have formal methods to help them manage and communicate much of a single discipline's information; however, they lack formal methodologies to manage and communicate information and processes among multiple disciplines. The authors are designing and implementing three methodologies to...
Design errors are a major source of quality loss in industry. 'Design Process Error-Proofing' seeks to prevent errors during product development by adapting quality management techniques. Poka-yoke solutions used in manufacturing and operation aim to prevent mistakes from occurring or detect them immediately after they are committed. The goal of...
Firm size has become such a routine to use as a control variable in empirical corporate finance studies that it receives little to no discussion in most research papers even though not uncommonly it is among the most significant variables. This paper's goal is to provide rationale for one of...
This paper presents a theory of matching in vertical networks, generalizing the theory of matching in two-sided markets introduced by Gale and Shapley. Under natural restrictions, stable networks are guaranteed to exist. The set of stable networks is a lattice, with side-optimal stable networks at the extremes. Several other key...
This paper presents a dynamic quantity setting game, where players may continuously adjust their quantity targets, but incur convex adjustment costs when they do so. These costs allow players to use quantity targets as a partial commitment device. It is shown that the equilibrium path of such a game is...
By 2008, digital music sales either as a-la-carte downloads or subscriptions are expected to reach $1.8 billion, up from $187 million in 2004ła ten-fold increase. Despite illegal file sharing activity, these figures indicate that the market for online music is rapidly growing. This paper begins by combining a discussion of...
Predicting the future trends of any technology is difficult; the complex, multifaceted technologies that support Internet-age advertising pose particular difficulties. All advertising responds to a host of economic and social stimuli, continually evolving to meet the demands of the product and the marketplace. On the Internet, the complexity of the...
It is worth recalling the original mission of Social Security. Enacted in 1935, at a time when the unemployment rate exceeded 20 percent, the primary purpose of Social Security was to provide protection against poverty-ridden old age. An important corollary was to provide the wherewithal for older workers to leave...
Thirty years of systematic study reveal that many major corporations experience a strange cyclicality in their Internal Corporate Venturing ICV activity: Periods of intense activity are followed by periods of shutting down such activities only to be followed by a new cycle a few years later. Based on analysis of...
For different policy reasons, governments all over the world are now adopting different legislative or administrative strategies that support the development of OSS Open Source Software. Some governments have begun to procure OSS whereas others channel public funds to large-scale OSS projects. This paper first introduces the OSS licensing and...
Firms often differentiate their product lines vertically to capture consumers' differential willingness to pay for quality. Additionally, many firms offer products varying not in quality but in characteristics such as scent, color, or flavor that relate to horizontal differentiation. To better understand these product-line pricing strategies, address two key issues....
