We consider a supplier of style goods who sells his products through a single retailer. Previous research has shown that there exists a continuum of buy-back contracts which can induce the retailer to order the system optimal quantity. In this paper we show that when forecasting choice is...

In this paper, to begin with, we define soft information as qualitative, subjective information produced by banks through the establishment of long-term lending relationships. We then highlight the importance of soft information for cooperative and social banks in the screening, pricing and...

This study examines the relationship between analyst forecast dispersion or accuracy and supplier concentration of listed firms in China from 2008 to 2019. Our findings suggest that higher supplier concentration is associated with lower analyst forecast dispersion, which can be attributed to the...

We analyze the effects of better algorithmic demand forecasting on collusive profits. We show that the comparative statics crucially depend on the whether actions are observable. Thus, the optimal antitrust policy needs to take into account the institutional settings of the industry in question....

There are two standard versions for one-shot oligopoly games: the Cournot game and the Bertrand game. The common feature is that in both games the strategic variables are supply curves. Under Cournot the supply curves are vertical lines in price-quantity space, under Bertrand they are horizontal...

I introduce a reduced form two-sided market model to study prediction and identification in two-sided markets. The model generates the hallmark features of two-sided markets: potentially below cost or even negative prices to one side of the market, and the “see-saw” or “waterbed” effect...