Substantial empirical evidence shows that suppliers in emerging economies can enhance their technological capabilities through direct learning from technologically advanced foreign competitors. However, suppliers in emerging markets may struggle to learn directly from knowledge about competitors' products that are not widely available on the consumer market. We draw on insights from existing literature, explorative interviews, and anecdotal evidence to hypothesize that firms may resort to in
Optimal monetary policy has traditionally assigned greater importance to stabilizing prices in sectors with stickier prices, based on multi-sector models assuming full information or exogenous information frictions. This paper challenges the prevailing policy prescription by introducing rational inattention with endogenous information acquisition. Interestingly, the optimal policy assigns a smaller weight to sectors with stickier prices when the cost of information acquisition is sufficiently hi
Ambulance offload delays occur when emergency medical service (EMS) personnel are unable to promptly transfer patients to overwhelmed emergency departments. These delays postpone necessary care for the patient and hinder the EMS system from attending to new emergencies. This study introduces a real-time multi-priority patient transfer policy aimed at reducing these delays. We model the patient transfer problem as a stochastic dynamic program based on post-decision states, and develop approximate
The book posits that China has entered the “Era of Aesthetics,” in which consumer demand has shifted from functional satisfaction to aesthetic experience, making “beauty” a core competitive advantage for businesses, cities, and individuals. Drawing on case studies such as selfie culture, the cosmetic surgery industry, product design (e.g., thermos flasks and chain hotels), and community development projects (e.g., Xicun Courtyard in Chengdu, Fuliang in Jingdezhen), the book analyzes how aestheti
Crossing the Divide: Telling China’s Story in the Evolution of Global Supply Chains focuses on how China has integrated into global supply chains. Drawing on more than thirty case studies of multinational corporations, state-owned enterprises, and private firms, the book examines China’s role in globalized supply chains in the era of Globalization 4.0. It seeks to demonstrate that China’s emergence as a manufacturing powerhouse was not achieved overnight, but rather through incremental accumulat
With the rapid advancement of mobile internet technologies, the channels through which firms interact with consumers have proliferated, fundamentally transforming consumption patterns. Focusing on the emerging trend of omnichannel development in the mobile internet era, this book draws on multiple sources of data—including laboratory experiments, field experiments, and survey data—to present research findings from the perspectives of firms, channel intermediaries, and consumers. Specifically, it
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