This paper by Professor Hemant Bhargava and Vidyanand Choudhary from UC Irvine provides insights about when versioning is an optimal strategy for information goods. The authors’ characterization of this class of goods is that variable costs are invariant with quality, including the special case of zero variable costs. This paper’s analysis assumes a monopoly firm that has an existing product in the market and has an opportunity to segment the market by introducing additional lower-quality versions.
Following three years of rapid enrollment growth in one of the nation’s most competitive MBA markets, the Graduate School of Management is moving its Bay Area MBA Program for Working Professionals to a new location at Bishop Ranch Business Park in San Ramon.
A design for a high-tech closure for wine bottles that would allow the wine to breathe much like traditional bark corks won the $15,000 first prize in the annual student-run Big Bang! Business Plan Competition. The cap, which could help prevent some $10 billion worth of wine from being ruined every year by cork taint, will also compete at the Draper Fisher Jurvetson Venture Challenge.
UPDATE: Andrew Barkett is leaving his post as senior engineer at Facebook to bring his decade of experience in Silicon Valley to become the first-ever chief technology officer for the Republican National Committee.The June 4 announcement has stirred a whirlwind of media coverage, including the Huffington Post and Washington Post.Bark
Agilent Technologies’ Electronic Measurement Group is a $3.6 billion business that over the past decade has seen a dramatic shift in its customer base from U.S., and Western European customers to predominantly Asia-based customers. Today, the majority of the division’s revenues are generated outside of the U.S., with an increasing concentration in China.
(Davis, CA) — The UC Davis Graduate School of Management’s full-time MBA program has been ranked among the top six percent of AACSB International-accredited programs nationwide, according to U.S. News & World Report’s latest graduate business school rankings released today.