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The International Imitation Hemingway Competition, also known as the Bad Hemingway Contest, was an annual writing competition begun in Century City, California.Started in 1977 as a "promotional gag", [1] and held for nearly thirty years, the contest pays mock homage to Ernest Hemingway by encouraging authors to submit a 'really good page of really bad Hemingway' in a Hemingway-esque style.
Fragmentation in a technology market happens when a market is composed of multiple highly-incompatible technologies or technology stacks, forcing prospective buyers of a single product to commit to an entire product ecosystem, rather than maintaining free choice of complementary products and services.
One way for a business to expand is buying up smaller competitors to create a regional or national play in a fragmented industry. The plan can help build a brand that provides for better ...
The classic example of rent-seeking, according to Robert Shiller, is that of a property owner who installs a chain across a river that flows through their land and then hires a collector to charge passing boats a fee to lower the chain. There is nothing productive about the chain or the collector, nor do passing boats get anything in return.
eager or intent on, example: he is keen to get to work on time. desirable or just right, example: "peachy keen" – "That's a pretty keen outfit you're wearing." (slang going out of common usage) keeper a curator or a goalkeeper: one that keeps (as a gamekeeper or a warden) a type of play in American football ("Quarterback keeper")
Economists Kreps and Scheinkman's research demonstrates that varying economic environments are required in order for firms to compete in the same industry while using different strategic variables. [55] An example of the Cournot-Bertrand model in real life can be seen in the market of alcoholic beverages. [55]
The former Packard Automotive Plant in Detroit, a recognizable symbol of the decline of the city's once vibrant automotive industry. The term deindustrialization crisis has been used to describe the decline of labor-intensive industry in a number of countries and flight of jobs away from cities. One example is labor-intensive manufacturing.
This situation is a prime example of the tragedy of the anticommons, in the sense where many owners of a resource have the ability to exclude others from using it, leading to the underutilization of that resource. Apple Inc. and Samsung's limitations on their ability to innovate is an overall detriment to them, as well as the common people.