This paper develops a new approach to estimate the value of urban land. We extend AMM theory by adding the assumption of partial irreversibility. Bundled goods assumptions imply that land value with a structure can evolve differently than as-if vacant value, even in the first decades of...

This paper examines the output and profit effects of horizontal mergers between upstream firms in intermediate goods markets. We consider market settings in which the upstream firms sell differentiated products to, and negotiate nonlinear supply contracts with, a downstream retail monopolist. If...

Employers and employment systems have been inflexible when it comes to accommodating a woman’s dual role as childbearer and employee. This inflexibility is a frustrating inconvenience and harsh reality that women must confront daily. Women are being passed over for promotions, fired for...

Bundling is commonly used by online retailers and is receiving increasing attention. We investigate bundling in a dual-channel supply chain whose members use an agency selling contract, where a manufacturer distributes its product with a constant price in the dual-channel and pays a commission...

All insurance products are bundles. For example, medical insurance bundles oncology and cardiology insurance. What determines which risks are insured together, and is this welfare enhancing? Theoretically, I introduce selection- costs correlated with willingness-to-pay- into a model of bundling...

Procurement and marketing are the main boundary-spanning functions of an organization. Some studies highlight that procurement is less likely to benefit from artificial intelligence emphasizing its potential in other functions, i.e., in marketing. A case study in the automotive industry of the...

How can retailers incentivize customers to make healthier food choices? Price, convenience, and taste are known to be among the main drivers behind such choices. Unfortunately, healthier food options are often expensive and infrequently promoted. Recent efforts in deploying healthy nudges to...

The question of how contracts promote innovation has long attracted scholars’ attention. This Article tackles this question by studying one contractual mechanism — bundling arrangements — that innovators frequently use to transfer other assets along with a patent license. It examines 400...

Natural disaster risk is predicted to increase worldwide because of climate change. Insurance may be purchased to provide individuals financial resilience against the damages caused by disasters, however a key question for policymakers is whether disaster insurance penetration rates are impacted...