This paper examines the effects of decentralizing decision-making in multi-establishment firms. Using a unique dataset from the Liquor Control Board of Ontario (LCBO), we assess the impact of allowing store managers to control the inventory replenishment decisions of their stores. We first...

There is a growing trend towards renting rather than permanent ownership of various product categories such as designer clothes and accessories. In this paper, we study an emerging retail business model that simultaneously serves rental and sales markets. Specifically, we consider a retailer...