nep-mkt New Economics Papers
on Marketing
Issue of 2008‒10‒13
five papers chosen by
Joao Carlos Correia Leitao
Technical University of Lisbon

  1. Paying for ATM usage : good for consumers, bad for banks ? By Donze, Jocelyn; Dubec, Isabelle
  2. Increasing Competitiveness through Strengthening Regional Industrial Clusters: Middle Tennessee Marketing Region By David A. Penn
  3. Sport Practice Tourism: a segment of the Sport Tourism Market By Carvalho, Pedro G.; Lourenço, Rui
  4. Nontraded Goods, Market Segmentation, and Exchange Rates By Michael Dotsey; Margarida Duarte
  5. "Auction Price Formation with Costly Occupants: Evidence Using Data from the Osaka District Court" By Takako Idee; Shinichiro Iwata; Teruyuki Taguchi

  1. By: Donze, Jocelyn; Dubec, Isabelle
    Abstract: We compare the effects of the three most common ATM pricing regimes on consumers’ welfare and banks’ profits. We consider cases where the ATM usage is free, where customers pay a foreign fee to their bank and where they pay a foreign fee and a surcharge. Paradoxically, when banks set an additional fee profits are decreased. Besides, consumers’ welfare is higher when ATM usage is not free. Surcharges enhance ATM deployment so that consumers prefer paying surcharges when reaching cash is costly. Our results also shed light on the Australian reform that consists in removing the interchange fee.
    Keywords: Banks ; ATMs ; Interchange Fees ; Welfare
    JEL: G2 L1
    Date: 2008–09–16
  2. By: David A. Penn
    Abstract: The Complete Study: After reviewing the broader socioeconomic dynamics and workforce issues in the Middle Tennessee Marketing Region, this study, commissioned by Middle Tennessee Industrial Development Association in Nashville, identifies regional industrial clusters and provides a detailed assessment of target industry clusters to present a detailed roadmap for the competitive regional economic development initiatives.
    Date: 2008–09
  3. By: Carvalho, Pedro G.; Lourenço, Rui
    Abstract: Sport Tourism represents the knowledge and the group of practices where Sport and Tourism became interdependent. This overlapping area turns clearly at two levels that might be named by Sport Tourism Spectacle and Sport Tourism Practice. According to Pigeassou [9] the foundations of sport tourism do not consist purely of classifying sport tourism activities using categories employed in sport activities. In this article we provide a theoretical framework for the understanding of the market segment in Sport Tourism Practice, looking at their client behaviour typology (enthusiastic and casual), their motivations and high lightening the role this framework plays on the tourist destiny development. Furthermore we present some empirical results of a seminal experimental design.
    Keywords: Tourism; Sport; Sport Tourism; Sport Tourism Practice; Sport Tourism Spectacle.
    JEL: O18 L83
    Date: 2008–08
  4. By: Michael Dotsey; Margarida Duarte
    Abstract: Empirical evidence suggests that movements in international relative prices are large and persistent. Nontraded goods, both in the form of final consumption goods and as an input into the production of final tradable goods, are an important aspect driving international relative price movements. In this paper we show that nontraded goods play an important role in the context of an otherwise standard open-economy macromodel. Our quantitative study with nontraded goods generates implications along several dimensions that are more closely in line with the data relative to the model that abstracts from nontraded goods. In addition, contrary to a large literature, standard alternative assumptions about the currency in which firms price their goods are virtually inconsequential for the properties of aggregate variables in our model, other than the terms of trade.
    Keywords: exchange rates; nontraded goods; distribution services; incomplete asset markets.
    JEL: F3 F41
    Date: 2008–10–01
  5. By: Takako Idee (Faculty of Economics, Seikei University); Shinichiro Iwata (Faculty of Economics, University of Toyama); Teruyuki Taguchi (National Federation of Credit Guarantee Corporations)
    Abstract: Foreclosure properties sold at Japanese judicial auctions are delivered to buyers with an unclear title when occupants exist, because the foreclosure laws protect occupants from compulsory execution of auctions. The existence of occupants theoretically affects the auction price through two channels. First, it affects the reserve price, and this changes in auction price. Second, the number of bidders changes in response to changes in the reserve price that is controlled by occupants, and this changes the auction price. Using data from the Osaka District Court, we empirically find that the existence of occupants in properties reduces the auction price through two channels.
    Date: 2008–09

This nep-mkt issue is ©2008 by Joao Carlos Correia Leitao. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
General information on the NEP project can be found at For comments please write to the director of NEP, Marco Novarese at <>. Put “NEP” in the subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.