The standard continuous-time version of discounted utility does not possess the local inter-temporal substitution property (quantities consumed in nearby dates should be close substitutes, not complements), and hence does not define a continuous functional in the space of consumption paths. The...

We study a patient-doctor-laboratory relationship in which the doctor's treatments are credence goods, clinical laboratory tests can provide information to mitigate issues arising from asymmetric information between the doctor and the patient, and the doctor plays the dual role of service...

Consumers underestimation of the quality of remanufactured products is a barrier for remanufacturers. Online reviews provide quality signals to consumers unaware of remanufactured products. To explore whether remanufacturers produce higher quality products to improve their review ratings,...