This paper investigates the impact of store location, a retailer's most costly and long-term marketing mix decision, on retailer revenues. We estimate models of consumer spending at the leading packaged goods retailers in a metropolitan market based on two dimensions of retail location: (i) proximity to consumers, i.e., travel times, and (ii) proximity to other stores, i.e., agglomeration. Both...

In 2015, the Danish newspaper industry continued its decade-long decline of the printed newspaper circulation. The main cause of the decline is the change in preferences of readers, who prefer online news sources. This change in preferences and the resulting decline in circulation have created economic uncertainty for the legacy newspaper firms: while the business model of printed media provide...

At first glance, the elimination of the corporate tax on business seems an obvious method of attracting new firms to the state and promoting the expansion of existing firms. And in fact, states and localities have been offering tax incentives, usually in the form of reduced property taxes or corporate income tax credits, to firms for many years. Under current law, Georgia imposes a 6 percent ta...

W propose a two-stage game-theoretic approach to study the operations of an airline alliance in which independent carriers, managing different reservation and information systems, can collaboratively market and operate codeshare and interline itineraries. In the first-stage game, airlines negotiate fixed proration rates to share the revenues generated by such itineraries. In the second-stage ga...

In this paper, we study optimal revenue management applied to carparks, with primary objective to maximize revenues under a continuous-time framework. We develop a stochastic discrete-time model and propose a rejection algorithm that makes optimal decisions (accept/reject) according to the future expected revenues generated and on the opportunity cost that arises before each sale. For this aspe...

We analyze the distribution of broadcasting revenues by sports leagues. In the context of an isolated league, we show that when the teams engage in competitive bidding to attract talent, the league's optimal choice is full revenue sharing (resulting in full competitive balance) even if the revenues are independent of the level of balancedness. This result is overturned when the league has no mo...