nep-knm New Economics Papers
on Knowledge Management and Knowledge Economy
Issue of 2018‒11‒26
three papers chosen by
Laura Ştefănescu
Centrul European de Studii Manageriale în Administrarea Afacerilor

  1. Consumer Engagement in Energy Markets: The Role of Information and Knowledge By He, X.; Reiner, D.
  3. Intellectual Property Rights and Innovation in Developing Countries: A Panel Analysis By Emna Rassâa; Hafedh Ben Abdennebi

  1. By: He, X.; Reiner, D.
    Abstract: External information (e.g., monetary and opportunity costs, retailer messaging), internal information (e.g., consumer knowledge, information processing), and the interaction between different forms of information can affect consumer engagement in markets. We employ an analytical framework which embraces both economic and psychological motives behind consumer behavior to investigate the motives and obstacles associated with household behavior in energy markets, using data from over 18,000 randomly selected responses drawn from three annual surveys of British households commissioned by the UK energy regulator. Three forms of household engagement – switching to a new electricity and/or gas supplier, changing electricity or/and gas tariffs, and changing payment methods of energy bills – are explored using a multiple-discrete choice framework. We find that internal information pathways have robust and strong effects on switching suppliers and tariffs. Concretely, a lack of belief in tariff differences discourages participation in energy markets. By contrast, professed knowledge of household energy spending and familiarity with energy tariffs drives consumer engagement. External information – supplier messages and Internet information may enhance each other in promoting market participation, conditional on message source and participation form. We also find that engagement by incumbent retailers (such as through consumer messages) can be effective in discouraging households from switching suppliers.
    Keywords: Consumer switching; services market participation; household engagement; multivariate probit; UK retail gas and electricity markets; information and knowledge effects
    JEL: C25 D21 Q49 R29
    Date: 2018–11–07
  2. By: Izabela Sta?czyk (Jagiellonian University, Institute of Economics, Finance and Management); Magdalena Stuss (Jagiellonian University, Institute of Economics, Finance and Management)
    Abstract: Nowadays, the valuation of human capital in listed companies is not only a choice within the framework of Human Resource strategies, but a business necessity. The aim of this paper is to analyse some aspects of valuation of human capital in energy company listed on GPW (The Warsaw Stock Exchange). Firstly the evaluation of the literature related to the valuation of human capital will be presented and this will be followed by empirical analysis of energy companies listed on GPW. The paper it trying to identify what are the needs in the area of valuation of human capital in management processes and what method of valuation of human capital companies use.
    Keywords: valuation of human capital, human resources management, listed companies
    JEL: J24 M12 M42
    Date: 2018–10
  3. By: Emna Rassâa (IHEC, University of Carthage); Hafedh Ben Abdennebi (IHEC, University of Carthage)
    Abstract: Given the importance of innovation for the development and economic growth in developing countries, we therefore consider it necessary to examine the relationship between intellectual property rights (IPR) and innovation. In order to test this relationship, we use of panel data for a sample of 13 developing countries over the period from 1998 to 2011. We make two contributions to the literature. First of all, the majority of empirical studies, using a single indicator of IPR elaborated by Park And Ginarte (1997), usually do not take into account the application of laws on patents filed in the practice. Unlike the previous studies, we incorporate in our work a new indicator developed by Papageorgiadis et al. (2014) which used to measure the intensity of the dimension related to the application of patent systems. We have also used the one developed by Park and Ginarte (1997) that measures the strength of patent regulations. As a second contribution, we add a new factor likely to influence innovation, namely education. The variable of education has not been taken into account in some studies. On the one hand, our empirical results reveal the existence of nonlinear relationships between IPR and innovation and argue, on the other hand, that the economic development, the opening as well as education are essential factors that contribute significantly and positively to innovation in developing countries.
    Keywords: intellectual property rights, innovation, education, developing countries, panel data
    JEL: O31 O34 C23
    Date: 2018–10

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