In a corporate bankruptcy auction in India, the financial creditors choose the winner based on the bids and the share of bankruptcy surplus (bid value minus liquidation value) offered towards their claim settlement. We show that self-interested bidders allocate the entire bankruptcy surplus to...

Prior work on software release policy implicitly assumes that testing stops at the time of software release. In this research, we propose an alternative release policy for custom-built enterprise-level software projects, which allows testing to continue for an additional period after the...

Many software products are available free of charge. While the benefits resulting from network externality have been examined in the related literature, the effect of free offer on the diffusion of new software has not been formally analyzed. We show in this study that even if other benefits do...

Rawls (1958) suggested that it is possible to arrive at a fair allocation in a 2-player Nash demand game by granting equal gains to both players. Rawls theorized that players themselves would select this allocation if they bargain from the 'original position'. Harsanyi (1958) suggested the...

Crowdsourcing platforms provide a venue where firms looking for solutions (seekers) and individuals who can provide solutions (solvers) interact with each other. As crowdsourcing contest platforms have grown in popularity with numerous tasks being posted on a daily basis, a concern that has...

In this paper we develop a model of licensing a new product technology of a network good. The new technology improves the quality of the network good and is protected by a patent. In such a context we find that a standard auction mechanism can efficiently allot the new technology under both...

The existing literature suggests that an incumbent monopolist supplier of a network good can successfully deter entry by increasing its installed base, which plays a role similar to that of the commitment value of investment in capacity. In this paper, we consider a market with network...

Market mechanism may or may not throw up compatibility in markets for systems where network effect arises due to complementarity of component parts of a system. We consider a game, where, in stage 1, the firms decide whether to standardise on a single technological platform or not and at the...

In Web-based environments, a site has the ability to recommend multiple items to a customer in each interaction. Traditionally, rules used to make recommendations either have single items in their consequents or have conjunctions of items in their consequents. Such rules may be of limited use...