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targeting. Firms face the general trade-off between bias and variance when choosing the design of a supervised learning … involve more bias. This implies that more complex/flexible algorithms tend to have higher value for firms with greater …
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Improving retailers' incentives for service is a prominent efficiency defense for resale price maintenance (RPM). We investigate the incentives of symmetric manufacturers to use RPM when selling products through common retailers who provide services such as pre-sale advice. We show that the...
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