A single-product retailer faces bargain hunting consumers whose willingness to pay incorporates sensations of gain and loss driven by differences between the observed price prices they rationally expect in spirit Koszegi Rabin (2006). We examine Bayesian Nash equilibrium (non-commitment) pricing solution which (i) maximizes profit given consumers' beliefs (ii) are consistent with retailer's cho...

subject written in England and primarily for English readers. The book is not intended merely for the medical profession, though most medical officers will read it with profit; it is a popular handbook and is written like the same author's Medical Jurisprudence mainly for non-professional readers and consequently in clear and simple language. In addition to being a book on Hygiene, it also deal...

AIM This paper provides a critical overview a decade after the New Zealand Government announced its intention to formally incorporate a public health approach into its comprehensive revision of gambling legislation. METHOD The initial enthusiasm and the subsequent disillusionment with this approach are tracked. Four reasons for its lack of success are examined. FINDINGS The New Zealand expe...

The nature of competition is quite different in network industries as compared to the other, more traditional, ones. The purpose of the present paper is to thoroughly examine the implications of these differences as reflected in the dependence of equilibrium outputs, price and profits on industry concentration. We restrict the analysis to oligopolistic competition amongst firms in a market char...

If a hospital is to use profit centers successfully, it should resolve several philosophical, organizational, and accounting matters, including: How much decisionmaking latitude clinical care chiefs should have. Whether to take a cross-subsidization approach. What role clinical care departments should take in a service line strategy.

About 25% of the world's fisheries are depleted such that their current biomass is lower than the level that would maximize the sustained yield (MSY). By using methods not previously applied in the fisheries conservation context, we show in four disparate fisheries (including the long-lived and slow-growing orange roughy) that the dynamic maximum economic yield (MEY), the biomass that produces ...

This paper examines how a project owner optimally selects a project operator and motivates him to deliver an unobservable effort when potential operators are wealthconstrained. It shows that either a pooling or a separating contract can arise in equilibrium. In a separating contract, the more capable potential operator is either selected more often but awarded a smaller share of profit, or sele...

When collusive agreements are illegal, oligopolies must rely on the threat of future price wars to sustain collusion. If firms’ objective is to maximize the present value of profits, the shadow of that threat changes with the interest rate. That is, the interest rate determines how much firms discount the future, and this affects the level of collusion that can be supported. In an environment o...

This chapter examines the spread of Information and Communication Technologies (ICTs) in South Australia. It starts by assessing South Australia’s leading role in the adoption of democratic reforms in the nineteenth century. It then suggests that there is not the same enthusiasm for the more contemporary reforms found in the implementation of e-democracy. The chapter draws from an appraisal of ...

We examines the legal penalties imposed on Dutch listed firms targeted by competition authorities from 1998-2008. By using event study techniques we estimate the impact of the main events in an antitrust investigation on a firm’s stock market value and analyse the causes of the value impacts. The first announcement of an antitrust investigation has a statistically significant effect on the firm...