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Article
Publication date: 29 November 2022

Xuying Wang and Jiabao Lin

The purpose of this paper is to take second-hand vehicles at judicial auctions in China as the primary research direction and to explore the impact of purchasing…

Abstract

Purpose

The purpose of this paper is to take second-hand vehicles at judicial auctions in China as the primary research direction and to explore the impact of purchasing restriction policy and city size on the relationship between the appraisal price and transaction price of second-hand motor vehicles in the context of auto purchase restriction in China from a microscopic angle. It attempts to broaden the pricing ideas of judicial appraisal enterprises in providing appraisal prices of second-hand motor vehicles and to put forward suggestions for the optimization of appraisal prices and appraisal standards of judicial appraisal enterprises.

Design/methodology/approach

With the help of Python, this paper crawls 59,038 lines of valid data from three leading internet judicial auction platforms, namely “Ali Auction,” “China Beijing Equity Exchange” and “Gong Pai Wang,” as research samples. Besides, this paper forms a database containing judicial auction used car appraisal prices, transaction prices, motor vehicle purchase restrictions and whether the motor vehicle carries a license plate. By constructing a multiple regression model, the impact of automobile purchase restriction policy on the price of motor vehicles appraised by judicial appraisal enterprises is investigated.

Findings

With the help of the multivariate regression model, it found that under the same condition, the city where the auction took place implemented the automobile purchase restriction before the end of the auction. The court has specified that the buyer could directly obtain the license plate after the auction. The transaction price and the evaluation price ratio will be statistically larger, which proves that the license plate has an evident value in the transaction and is traded as subject matter by the residents, and consequently brings a higher premium to the price of automobile transaction in internet judicial auction. Meanwhile, the purchase restriction policy in the first-tier cities has resulted in a significant premium on automobile license plates, which is much higher than the automobile license plate premium level in non-first-tier cities under the same conditions.

Social implications

Car ownership continues to rise with rapid economic development worldwide. Control the growth of car ownership, some countries and regions mainly restrict the issuance of motor vehicle license plates, which indirectly leads to vehicle license plate indicators becoming a scarce resource. National laws permit judicial auction as a means for the people's courts to settle creditors' claims in enforcement procedures of civil cases. In the judicial auction process, the People's Court introduces third-party evaluation enterprises to appraise, assess and audit the subject and obtain the appraisal price, which guides the bidding behavior of used car buyers and indirectly affects the transaction price of used cars.

Originality/value

As the only subject capable of assessing the value of used cars at judicial auctions, judicial appraisal enterprises have received widespread attention for their appraisal results. This paper researches this field by screening the factors affecting the ratio of motor vehicle transaction price to the appraised price. It also analyzes how the ratio of motor vehicle transaction price to appraised price is affected by motor vehicle purchase restrictions and the situation with license plates. This paper examines the existence of premiums for motor vehicle transactions with license plates, evaluates the purchase restrictions in cities with motor vehicle purchase restrictions and verifies that the premiums for motor vehicles at judicial auctions are affected by purchase restriction policies as well as the influence of city class. These studies have important implications for judicial appraisal enterprises to establish reasonable appraisal mechanisms and optimize appraisal prices. They also provide new ideas and methods for appraisal enterprises to assess the value of used vehicles at judicial auctions.

Details

Nankai Business Review International, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2040-8749

Keywords

Book part
Publication date: 29 May 2009

Joseph G. Hirschberg, Jeanette N. Lye and Daniel J. Slottje

The estimation of regression models subject to linear restrictions is a widely applied technique; however, aside from simple examples, the equivalence between the linear…

Abstract

The estimation of regression models subject to linear restrictions is a widely applied technique; however, aside from simple examples, the equivalence between the linear restricted case to the reparameterization and the substitution case is rarely employed. We believe this is due to the lack of a general transformation method for changing from the definition of restrictions in terms of the unrestricted parameters to the equivalent reparameterized model and conversely from the reparameterized model to the equivalent linear restrictions for the unrestricted model. In many cases, the reparameterization method is computationally more efficient especially when estimation involves an iterative method. But the linear restriction case allows a simple method for adding and removal of restrictions.

In this chapter, we derive a general relationship that allows the conversion between the two forms of the restricted models. Examples emphasizing systems of demand equations, polynomial lagged equations, and splines are given in which the transformation from one form to the other are demonstrated as well as the combination of both forms of restrictions. In addition, we demonstrate how an alternative Wald test of the restrictions can be constructed using an augmented version of the reparameterized model.

Details

Quantifying Consumer Preferences
Type: Book
ISBN: 978-1-84855-313-2

Keywords

Book part
Publication date: 17 December 2008

Clayton D. Peoples and Tina Hsu Schweizer

In this paper, we examine the effects of different types of political discrimination on interethnic conflict using data on over 200 ethnic groups within over 100…

Abstract

In this paper, we examine the effects of different types of political discrimination on interethnic conflict using data on over 200 ethnic groups within over 100 countries. Our results show that political restrictions, in general, significantly increase the likelihood of interethnic conflict. Additionally, our results demonstrate that restrictions on migration and voting rights, in particular, are highly salient predictors of conflict. Our findings suggest that future research on interethnic conflict should further examine the impact of political discrimination. The practical implication of our findings is that policymakers worldwide should seriously consider the potentially deadly ramifications of discriminatory policies.

Details

Research in Social Movements, Conflicts and Change
Type: Book
ISBN: 978-1-84663-892-3

Article
Publication date: 7 February 2022

Amgad Ali Badewi, Riyad Eid and Ben Laker

This research aims to understand the determinants of consumers' behaviour and motivations to buy taboo items online. Two theoretical lenses, theories of psychological…

Abstract

Purpose

This research aims to understand the determinants of consumers' behaviour and motivations to buy taboo items online. Two theoretical lenses, theories of psychological reactance and system justification, are invoked to frame the role of online shopping in shaping consumer behaviour in taboo markets.

Design/methodology/approach

A naturalistic inquiry paradigm was used to test a sample of 34 Saudi women who were buying taboo products online.

Findings

The determinant of such behaviour is based on differences in understanding the ritual restrictions between people, their society and their country. The four principal attitudes towards restrictions are justifying, accepting, rejecting and reacting. These attitudes frame five motivations: satisfying the restriction, to be unique, but aligned with social norms; breaking social norms; aligning one's self-image to liberal societies; and joy in challenging legal restrictions. The motives for online shopping are justification/utilitarian, to accommodate other restrictions in going to local markets; and reactance hedonic, to break restrictions. These motivations create seven different patterns of online shopping behaviour.

Originality/value

This research contributes to the literature by presenting an alternative perspective on online shopping motivations for taboo products. Furthermore, this research calls for a new socio-psychological theory for understanding the role of technology in influencing consumer behaviour in restrictive societies.

Details

Information Technology & People, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0959-3845

Keywords

Open Access
Article
Publication date: 7 July 2020

Ani Gerbin and Mateja Drnovsek

Knowledge sharing in research communities has been considered indispensable to progress in science. The aim of this paper is to analyze the mechanisms restricting…

2144

Abstract

Purpose

Knowledge sharing in research communities has been considered indispensable to progress in science. The aim of this paper is to analyze the mechanisms restricting knowledge sharing in science. It considers three categories of academia–industry knowledge transfer and a range of individual and contextual variables as possible predictors of knowledge-sharing restrictions.

Design/methodology/approach

A unique empirical data sample was collected based on a survey among 212 life science researchers affiliated with universities and other non-profit research institutions. A rich descriptive analysis was followed by binominal regression analysis, including relevant checks for the robustness of the results.

Findings

Researchers in academia who actively collaborate with industry are more likely to omit relevant content from publications in co-authorship with other academic researchers; delay their co-authored publications, exclude relevant content during public presentations; and deny requests for access to their unpublished and published knowledge.

Practical implications

This study informs policymakers that different types of knowledge-sharing restrictions are predicted by different individual and contextual factors, which suggests that policies concerning academia–industry knowledge and technology transfer should be tailored to contextual specificities.

Originality/value

This study contributes new predictors of knowledge-sharing restrictions to the literature on academia–industry interactions, including outcome expectations, trust and sharing climate. This study augments the knowledge management literature by separately considering the roles of various academic knowledge-transfer activities in instigating different types of knowledge-sharing restrictions in scientific research.

Details

Journal of Knowledge Management, vol. 24 no. 7
Type: Research Article
ISSN: 1367-3270

Keywords

Article
Publication date: 7 December 2020

Stuart Roper and Eman S. Alkhalifah

Western consumers are able to take shopping for granted, their major restriction being financial. This study aims to understand motivations to buy fashion items online in…

Abstract

Purpose

Western consumers are able to take shopping for granted, their major restriction being financial. This study aims to understand motivations to buy fashion items online in the culturally restrictive environment of Saudi Arabia, which imposes considerable fashion and behavioural restrictions, particularly on women.

Design/methodology/approach

Qualitative research was conducted with a sample of 34 Saudi women in their home country providing a deep insight into the restrictions that women face when shopping and how they react to these restrictions. Two theoretical lenses, psychological reactance and system justification theories are invoked to understand and explain consumer behaviour.

Findings

Motives for online shopping are quite different in a restrictive society. The definition of utilitarian motivations in online shopping is developed to reflect the drivers to overcome cultural restrictions or to align one’s shopping behaviour with them. Similarly, hedonic reasons for online purchases are expanded to incorporate nuances found only in such societies, where hedonic motivations include enjoying the breaking of societal restrictions.

Originality/value

This study is conducted is focussed on a country in which little academic marketing research has taken place due to considerable restrictions on movement and access. Western texts on consumer behaviour are not fully appropriate for understanding such a society.

Details

Qualitative Market Research: An International Journal, vol. 24 no. 4
Type: Research Article
ISSN: 1352-2752

Keywords

Article
Publication date: 1 February 1997

Gerald P. Dwyer

The available evidence is partly consistent and partly inconsistent with a negative association of branching restrictions and the number of banking offices. In this paper…

Abstract

The available evidence is partly consistent and partly inconsistent with a negative association of branching restrictions and the number of banking offices. In this paper, I present evidence that the failure to consistently find such a negative association of branching restrictions and banking offices is quite robust. I suggest that the endogeneity of the banking restrictions and regulators' unmodeled behavior are the basic source of the inconsistency. I conclude that there is no evidence that suggests substantial changes in the number of banking offices with the introduction of interstate branching.

Details

Managerial Finance, vol. 23 no. 2
Type: Research Article
ISSN: 0307-4358

Article
Publication date: 1 October 2006

J. Rossouw

Not‐for‐profit organisations often experience accounting problems when dealing with the restrictions that donors impose on how the organisations may spend funds. Part of…

Abstract

Not‐for‐profit organisations often experience accounting problems when dealing with the restrictions that donors impose on how the organisations may spend funds. Part of the accountability and stewardship that the managements of not‐for‐profit organisations assume is adhering to the wishes of donors and reporting compliance with restrictions. Fund accounting is a general phenomenon among not‐for‐profit organisations. The use of different funds usually stems from the restrictions imposed by donors, and funds are used to account for restricted resources. Separate funds are often used to separate restricted funds from other funds in these organisations, and to present information to the users of financial statements, indicating that the organisation has indeed complied with donor‐imposed restrictions. This article discusses the principles of some accounting standards already issued specifically for not‐for‐profit organisations in the United States of America, Canada, the United Kingdom and Australia, and presents the results of empirical research on how donor‐imposed restrictions could be recorded in the financial statements of not‐for‐profit organisations.

Details

Meditari Accountancy Research, vol. 14 no. 2
Type: Research Article
ISSN: 1022-2529

Keywords

Article
Publication date: 2 August 2019

Mehmet Pinarbasi, Hacı Mehmet Alakas and Mustafa Yuzukirmizi

Main constraints for an assembly line balancing problem (ALBP) are cycle time/number of stations and task precedence relations. However, due to the technological and…

Abstract

Purpose

Main constraints for an assembly line balancing problem (ALBP) are cycle time/number of stations and task precedence relations. However, due to the technological and organizational limitations, several other restrictions can be encountered in real production systems. These restrictions are called as assignment restrictions and can be task assignment, station, resource and distance limitations. The purpose of the study is to evaluate the effects of these restrictions on ALBP using constraint programming (CP) model.

Design/methodology/approach

A novel CP model is proposed and compared to mixed-integer programming (MIP) as a benchmark. The objective is to minimize the cycle time for a given number of stations. The authors also provide explicit anthology of the assignment restriction effects on line efficiency, the solution quality and the computation time.

Findings

The proposed approach is verified with the literature test instances and a real-life problem from a furniture manufacturing company. Computational experiments show that, despite the fact that additional assignment restrictions are problematic in mathematical solutions, CP is a versatile exact solution alternative in modelling and the solution quality.

Practical implications

Assembly line is a popular manufacturing system in the making of standardized high volume products. The problem of assembly line balancing is a crucial challenge in these settings and consists of assigning tasks to the stations by optimizing one or more objectives. Type-2 AR-ALBP is a specific case with the objective function of minimizing the cycle time for a given number of stations. It further assumes assignment restrictions that can be confronted due to the technological limitations or the strategic decisions of the company management. This is especially encountered in rebalancing lines.

Originality/value

Several solution approaches such as mathematical modelling, heuristic and meta-heuristic are proposed to solve the ALBP in the literature. In this study, a new approach has been presented using CP. Efficient models are developed for Type-2 ALBP with several assignment restrictions. Previous studies have not considered the problem to the presented extent. Furthermore, to the best of the authors’ knowledge, the paper is the first study that solves ALBP with assignment restrictions using CP.

Details

Assembly Automation, vol. 39 no. 5
Type: Research Article
ISSN: 0144-5154

Keywords

Content available
Article
Publication date: 30 June 2016

Maxim A. Dulebenets

Emissions produced by oceangoing vessels not only negatively affect the environment but also may deteriorate health of living organisms. Several regulations were released…

7222

Abstract

Purpose

Emissions produced by oceangoing vessels not only negatively affect the environment but also may deteriorate health of living organisms. Several regulations were released by the International Maritime Organization (IMO) to alleviate negative externalities from maritime transportation. Certain polluted areas were designated as “Emission Control Areas” (ECAs). However, IMO did not enforce any restrictions on the actual quantity of emissions that could be produced within ECAs. This paper aims to perform a comprehensive assessment of advantages and disadvantages from introducing restrictions on the emissions produced within ECAs. Two mixed-integer non-linear mathematical programs are presented to model the existing IMO regulations and an alternative policy, which along with the established IMO requirements also enforces restrictions on the quantity of emissions produced within ECAs. A set of linearization techniques are applied to linearize both models, which are further solved using the dynamic secant approximation procedure. Numerical experiments demonstrate that introduction of emission restrictions within ECAs can significantly reduce pollution levels but may incur increasing route service cost for the liner shipping company.

Design/methodology/approach

Two mixed-integer non-linear mathematical programs are presented to model the existing IMO regulations and an alternative policy, which along with the established IMO requirements also enforces restrictions on the quantity of emissions produced within ECAs. A set of linearization techniques are applied to linearize both models, which are further solved using the dynamic secant approximation procedure.

Findings

Numerical experiments were conducted for the French Asia Line 3 route, served by CMA CGM liner shipping company and passing through ECAs with sulfur oxide control. It was found that introduction of emission restrictions reduced the quantity of sulfur dioxide emissions produced by 40.4 per cent. In the meantime, emission restrictions required the liner shipping company to decrease the vessel sailing speed not only at voyage legs within ECAs but also at the adjacent voyage legs, which increased the total vessel turnaround time and in turn increased the total route service cost by 7.8 per cent.

Research limitations/implications

This study does not capture uncertainty in liner shipping operations.

Practical implications

The developed mathematical model can serve as an efficient practical tool for liner shipping companies in developing green vessel schedules, enhancing energy efficiency and improving environmental sustainability.

Originality/value

Researchers and practitioners seek for new mathematical models and environmental policies that may alleviate pollution from oceangoing vessels and improve energy efficiency. This study proposes two novel mathematical models for the green vessel scheduling problem in a liner shipping route with ECAs. The first model is based on the existing IMO regulations, whereas the second one along with the established IMO requirements enforces emission restrictions within ECAs. Extensive numerical experiments are performed to assess advantages and disadvantages from introducing emission restrictions within ECAs.

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