Price and service competition with maintenance service bundling

In many equipment manufacturing industries, firms compete with each other not only on products price, but also on maintenance service. More and more traditional products oriented firms are offering their customers products bundled with maintenance service (P&S bundles). In this study, we examine firms’ incentive to offer customers products bundling with long-term maintenance or repair support service in a duopoly competitive environment. When providing P&S bundles, a firm need to determine the service level (in terms of average response time guarantee for the service in this paper) to offer and needs to build a service facility to handle the maintenance service requirements. Based on the analysis of three sub-game models, we characterize the market conditions in which only one firm, both firms or neither firm will offer P&S bundles. Finally, we analyze the affects of several market factors on firms’ strategy choices

All-pay auctions with variable rewards

SIGLEAvailable from British Library Document Supply Centre-DSC:3597.9295(01/09) / BLDSC - British Library Document Supply CentreGBUnited Kingdo

Non-redundant properties of IL-1alpha and IL-1beta during acute colon inflammation in mice

Item does not contain fulltextOBJECTIVE: The differential role of the IL-1 agonists, IL-1alpha, which is mainly cell-associated versus IL-1beta, which is mostly secreted, was studied in colon inflammation. DESIGN: Dextran sodium sulfate (DSS) colitis was induced in mice globally deficient in either IL-1alpha or IL-1beta, and in wild-type mice, or in mice with conditional deletion of IL-1alpha in intestinal epithelial cells (IECs). Bone marrow transplantation experiments were performed to assess the role of IL-1alpha or IL-1beta of myeloid versus colon non-hematopoietic cells in inflammation and repair in acute colitis. RESULTS: IL-1alpha released from damaged IECs acts as an alarmin by initiating and propagating colon inflammation, as IL-1alpha deficient mice exhibited mild disease symptoms with improved recovery. IL-1beta is involved in repair of IECs and reconstitution of the epithelial barrier during the resolution of colitis; its deficiency correlates with disease exacerbation. Neutralisation of IL-1alpha in control mice during acute colitis led to alleviation of clinical and histological manifestations, whereas treatment with rIL-1Ra or anti-IL-1beta antibodies was not effective. Repair after colitis correlated with accumulation of CD8 and regulatory T cells in damaged crypts. CONCLUSIONS: The role of IL-1alpha and IL-1beta differs in DSS-induced colitis in that IL-1alpha, mainly of colon epithelial cells is inflammatory, whereas IL-1beta, mainly of myeloid cell origin, promotes healing and repair. Given the dissimilar functions of each IL-1 agonistic molecule, an IL-1 receptor blockade would not be as therapeutically effective as specific neutralising of IL-1alpha, which leaves IL-1beta function intact

A dynamic analysis of fiscal pressure and demographic transition

In this paper, the effects of demographic changes, particularly in the age structure of population, on government social expenditure is estimated. The results indicate that income elasticity of government social services is unitary in high income countries and above that level in low income countries, especially in education and welfare. The paper attempts also to forecast the pressure of these government outlays in four distinct countries characterized by different demographic parameters.