Search results

The individual and joint effects of overconfidence and aspirations on negotiator performance were examined. Past research has suggested that negotiator overconfidence impedes effective dispute resolution. It is argued here, however, that overconfidence may not impair negotiator performance in all situations and may actually be beneficial in some. Specifically, the dual concern model offers a framework for predicting negotiator outcomes as a function of overconfidence and aspiration difficulty. Face‐to‐face buyer‐seller negotiations were conducted between different combinations of over‐ and realistically‐confident negotiators. Hypotheses involving the impact of overconfidence and aspiration difficulty on the key constructs of the dual concern model were supported Predictions involving their subsequent effects on negotiator performance, however, were not supported, although this lack of support appeared to stem from unresponsiveness on the part of sellers only. Even though overconfident negotiators fared no worse than realistically confident negotiators regardless of aspiration difficulty or the appropriateness of their opponent's confidence, they did not fare any better either. A variety of theoretical and practical implications of the results are discussed.

Research adopting prospect theory to examine negotiator performance was extended to mediation. We examined whether framing negotiator payoffs in terms of gains or losses affects a mediator's behavior towards negotiators when the mediator has no personal frame. The use of a mediator presents a critical test between an explanation of framing effects based on bargainers' underlying preferences for risk and a simpler explanation based on the psychophysical properties of perceived gains and losses. A computer‐based experiment was conducted in which subjects acted as mediators between two disputants (computer programs) in an integrative bargaining task. As predicted, subjects proposed settlements of higher joint value when both disputants had loss frames than when both had gain frames, supporting the psychophysical explanation. Moreover, within mixed framed disputes, subjects' proposals favored the loss‐framed bargainer over the gain‐framed bargainer. However, predicted interactions between bargainer frame and concession‐making activity were not supported Implications of the results for real bargainers and mediators are discussed.

This study aims to investigate the factors affecting the intention to visit community-based homestays among young adults in a developing country during the pandemic by incorporating the mediation effect of perceived values and moderation effects of safety and health concerns.

Data from young adults were gathered via a self-administered questionnaire, and 268 sets of surveys were analysed using partial least squares structural equation modelling.

The perceived value of community-based homestays among young adults is positively affected by relaxation, learning and entertainment. Perceived value also mediates the relationship between each of the three said motivational push factors and the intention to visit a community-based homestay. The relationship between perceived value and intention to visit community-based homestays among young adults is unaffected by safety and health concerns.

The analysis reveals that relaxation, learning and entertainment are key drivers of intentions to visit rural community-based homestays and that perceived value mediates links between them.

This study benefits the tourism authorities and marketers by enabling them to promote community-based homestays in the country among the young adult market.

This study contributes to the literature by using the motivation theory and model of goal-oriented behaviour to investigate the moderating effects of health and safety concerns on young adults visiting intention. Young adults’ perceived value was also examined to study its mediating effects on visiting intention.

The entropy as a measure of diversity has been used by ecologists to characterize a community by its stability process. After the introduction of the concept of a fuzzy subset by Zadeh (1965), many definitions of entropies were given emphasizing the subjectivity in evaluations. A pioneering work which relates the classical meaning of entropy (Shannon index) with the modern fuzzy theory was due to De Luca and Termini (1972); Knopfmacher (1975) formulated a generalization of the axiomatics given by De Luca and Termini; Batle and Trillas (1979) obtained a result which is essentially analogous to Knopfmacher’s by considering a finite fuzzy measure space and the Sugeno’s integrals; and Trillas and Riera (1978) introduced the concept of fuzzy algebraic entropics. Analyses the continuity properties for these fuzzy entropies and establishes conditions which guarantee the convergence E(f_n) → E(f), where (f_n) is a sequence of fuzzy sets and E is an entropy.

Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.

This study aims to identify consumer segments among luxe-bargain shoppers using a fuzzy clustering method based on psychographic variables related to both luxury consumption and bargain processes and profiles the identified segments in behavioral tendencies.

The sample consists of 500 consumers who purchased a luxury brand at a bargain. The analyses involve running a confirmatory factor analysis, a fuzzy clustering analysis based on psychographic variables, and ANOVA for profiling the segments.

A fuzzy clustering analysis identifies four distinct segments: deal hunters, sale-prone shoppers, active luxe-bargain shoppers, and royal shoppers. Each consumer segment exhibits differences in consumer characteristics, demographics, and behavioral tendencies. The study provides insight into varied luxury consumers.

In an effort to fill the gap between traditional framework in luxury research and today ' s luxury market that provides accessibility of luxury items at lower price points to mass consumers, this study introduces a new concept of “luxe-bargain shopper” and examines varied luxury good consumers in the bargain shopping context. However, the findings of the current study should be interpreted with caution due to sampling method, product category of luxury brands, the limited number of luxury brands used in the study.

The results provide marketing suggestions for each segment of luxe-bargain shoppers.

There is virtually no luxury study conducted in the context of bargain shopping. By examining luxe-bargain shoppers using a robust fuzzy clustering method, this study extends our knowledge of luxury consumption as well as provides a new perspective to segmentation research.

The popular uprising in Sri Lanka on July 9th, 2022, led to President Gotabaya Rajapaksa fleeing the country. It represented a stunning culmination of a wave of protests during the recent past. The proximate cause of the uprising was the worst economic crisis that Sri Lanka had experienced since the Great Depression of the 1930s. The breakdown was long in the making since the island nation became the first country in South Asia to take the neoliberal turn in the late 1970s. The dramatic collapse was catalyzed by a sovereign debt crisis with the onset of the COVID-19 pandemic and the war in Ukraine. Nevertheless, like all great revolts, it has led to a counter revolution by the ruling class, including the reconfiguration of the old regime.

We examine the tremendous consequences of recent events, both in terms of Sri Lanka's long history of struggles involving working people and the global unravelling underway. We explore whether Sri Lanka is a harbinger of more global political economic changes to come. The process includes the possibility of systemic resistance to financialization in the scores of countries in the Global South experiencing tremendous debt distress. In this regard, we ask whether Sri Lanka's revolt could yet become a revolution. To frame the potential implications, we turn to a deeper interrogation of classic Marxist theories and concepts.

The present options for an economy all have serious weaknesses and, in any case, the way forward for Islam must be completely distinctive. Fortunately, Islamic opposition to riba enables a distinctive new way which addresses the real economy, furthers justice and ends foreign financial colonialism. The new way uses Islamic endogenous loans. These are state‐issued, repayable, interest‐free loans which are generally administered by the banking system on market and private property principles. The loans are counter‐inflationary and are always directed at productive capacity. Because they bear no interest, the loans create productive capacity at one half, or less, of the present cost for:— • Public capital investment — hospitals, roads, bridges, etc. • Private capital investment as long as such investment creates new owners of capital and is part of policy to enable all individuals to become owners of productive capital. • Environmental capital investment • Small and start‐up businesses

Globalisation is generally defined as the “denationalisation of clusters of political, economic, and social activities” that destabilize the ability of the sovereign State to control activities on its territory, due to the rising need to find solutions for universal problems, like the pollution of the environment, on an international level. Globalisation is a complex, forceful legal and social process that take place within an integrated whole with out regard to geographical boundaries. Globalisation thus differs from international activities, which arise between and among States, and it differs from multinational activities that occur in more than one nation‐State. This does not mean that countries are not involved in the sociolegal dynamics that those transboundary process trigger. In a sense, the movements triggered by global processes promote greater economic interdependence among countries. Globalisation can be traced back to the depression preceding World War II and globalisation at that time included spreading of the capitalist economic system as a means of getting access to extended markets. The first step was to create sufficient export surplus to maintain full employment in the capitalist world and secondly establishing a globalized economy where the planet would be united in peace and wealth. The idea of interdependence among quite separate and distinct countries is a very important part of talks on globalisation and a significant side of today’s global political economy.

This study investigates the impact of large-scale teaching in higher education on students’ preparedness for the workforce within the context of evolving labour market demands, the expansion of higher education and the application of high-impact teaching strategies. It synthesizes perspectives on employer work readiness, the challenges and opportunities of large-scale teaching and strategies for fostering a dynamic academia-industry feedback loop. This multifaceted approach ensures the relevance of curricula and graduates’ preparedness while addressing the skills gap through practical recommendations for aligning teaching methodologies with employer expectations.

The research methodically examines the multifaceted challenges and opportunities inherent in large-scale teaching. It focuses on sustaining student engagement, maintaining educational quality, personalizing learning experiences and cultivating essential soft skills in extensive student cohorts.

This study highlights the critical role of transversal skills in work readiness. It also uncovers that despite its challenges, large-scale teaching presents unique opportunities. The diversity of large student groups mirrors modern workplace complexities, and technological tools aid in personalizing learning experiences. Approaches like peer networking, innovative teaching methods, real-world simulations and collaborative resource utilization enrich education. The importance of experiential learning for augmenting large-scale teaching in honing soft skills is emphasized.

This manuscript contributes to the discourse on large-scale teaching, aligning it with employer expectations and the dynamic requirements of the job market. It offers a nuanced perspective on the challenges and opportunities this educational approach presents, providing insights for crafting engaging and effective learning experiences in large cohorts. The study uniquely integrates experiential learning, co-creation in education and industry-academia feedback loops, underscoring their importance in enhancing student work readiness in large-scale teaching.