Supply chain uncertainties pose a massive and ever-present challenge for modern companies. These can manifest in two contrasting scenarios: supply surplus, where companies have excess items, shortages, there is an insufficient quantity of goods. Each situation demands different approach from businesses to adapt the varying outcomes maintain competitive edge market. Product backordering one impo...

How do recommender systems affect prices and profits of firms under competition? To explore this question, we model the strategic behavior of customers that make repeated purchases at two competing firms: one that provides personalized recommendations and another that does not. When a customer intends to purchase a product, she obtains recommendations from the personalizing firm and uses this r...

Trade-in remanufacturing is a commonly adopted business practice under which firms collect used products for remanufacturing by allowing repeat customers to trade in used products for upgraded ones at a discount price. This paper studies how customer purchasing behavior and remanufacturing efficiency affect the economic and environmental values of such a business practice. We demonstrate a new ...

In this paper I study the possibility of full surplus extraction on arbitrary type spaces, with three main results: (i) I characterize full surplus extraction, (ii) I characterize full surplus extraction assuming that the surplus-extracting allocation is implementable, and (iii) I show that virtually full surplus extraction implies full surplus extraction. The characterizing condition in (ii) a...

Cooperative banks are an important, and growing, part of many financial systems. The paper analyzes empirically the role of cooperative banks in financial stability. Contrary to some suggestions in the literature, we find that cooperative banks are more stable than commercial banks. This finding is due to much lower volatility of the cooperative banks’ returns, which more than offsets their low...