T single-product firms with different quality levels and fixed limited capacities engage in sequential price competition in an essentially deterministic model where customers have heterogeneous valuations for both products. We develop conditions under which the leader (she) can take strategic advantage of her limited capacity by pricing relatively low, purposefully creating shortages and leavin...

A commonly observed two-stage pricing strategy for a custom-made product involves a prepurchase entry fee for a potential consumer and a purchase price if he decides to buy the product. We solve and compare two settings: In the first, the firm does not commit in advance to the second-stage price and in the second, the firm does. We show that without a commitment mechanism, the two price points ...

Our study concerns bargaining behavior in situations where one party is in a stronger position than the other. We investigate both the tradeoff the favored party makes between pursuing his strategic advantage and giving weight to other players’ concern for fairness, and the tradeoff the disadvantaged player makes between pursuing a fair outcome from a disadvantaged position and the cost of that...

There is an extensive literature on distance and border effects in trade, but little attention has been paid to the impact of distance and borders on spatial price transmission. We analyze distance and border effects in maize price transmission between Kenya, Tanzania and Uganda. Using monthly data from January 2000 to October 2008, maize price transmission is measured for 85 market pairs withi...

In this paper we carry out a comparative study of different dynamic greedy frame-by-frame packet scheduling strategies with QoS guarantees. The considered environment is the downlink of a locally centralized (or bunched) CDMA/TDD wireless communication system. In particular, in order to address the trade-off between throughput and fairness, we first analyze the system performance using system-l...

The problem of ranking a set of items is a fundamental algorithmic task in today’s datadriven world. Ranking algorithms lie at the core of applications such as search engines, news feeds, and recommendation systems. However, recent events and studies show that bias exists in the output of such applications. This results in unfairness or decreased diversity in the presentation of the content and...

Online satisfaction is regarded as an important construct in both the marketing and IS literatures. However, online satisfaction has been treated primarily as a unified concept in previous research, some researchers indicate that satisfaction can be differentiated into several types. We identify four types of customer satisfaction in the C2C online shopping context, viz.: economic satisfaction,...

We introduce a first theory of price impact in the presence an interest rate term structure. explain how one can formulate instantaneous and transient on zero-coupon bonds with different maturities, including cross that is endogenous to connect introduced classic no-arbitrage for markets, showing be embedded pricing measure no arbitrage preserved. extend setup coupon-bearing further show implem...

This working note provides a basic overview of discounting in the context of climate change policy. After defining the social discount factor and social discount rate in terms of shadow prices (section 2), and noting the limitations of cost-benefit analysis for climate change (section 3), the determination of efficient social discount rates is discussed given: the impact of uncertainty about fu...

We assess the benefits of sharing demand forecast information in a manufacturer–retailer supply chain, consisting of a traditional retail channel and a direct channel. The demand is a linear function of price with a Gaussian primary demand (i.e., zero-price market potential). Both the manufacturer and the retailer set their price based on their forecast of the primary demand. In this setting, w...