This paper develops a model of a self-fulfilling credit market freeze and uses it to study alternative governmental responses to such a crisis. We study an economy in which operating firms are interdependent, with their success depending on the ability of other operating firms to obtain...

In a typical corporate hierarchy, the manager is delegated the authority to make decisions that set directions for the organization, employ subordinates and contract with external suppliers. This paper explains when such delegation of authority can be optimal, using a model of a firm with three...

Extended Producer Responsibility (EPR) legislation focuses on the life-cycle environmental performance of products and has significant implications for management theory and practice. In this paper, we examine the influence of EPR policy parameters on product design and coordination incentives...

Many successful open source projects have been developed by who were employed by firms but worked on the open source projects on the side due to economic incentives like career improvement benefits. Such side work may be a good thing for the employing firms too if they get some strategic value...

The paper surveys the main forces affecting the incentive to cooperate in Ramp;D and the effects of cooperation on the incentive to innovate. We consider both a complete and an incomplete contract framework. In addition, we consider several forms of cooperative agreements, and we study in what...

This paper studies the impact of entrepreneurial decisions regarding standard creation in an oligopolistic market with cooperative Ramp;D investments. Our game-theoretic analysis shows that if standards are open and only multi-standard equilibria are allowed, it is impossible to attain a stable...

Paper tackles the question of introducing EU-level taxes. It does so by giving some key theoretical insights into the influence of taxation on economic performance and behavior of countries competing for tax bases in the Tiebout environment. Economic performance is studied using those dynamic...

In recent years, ad blocking has become a significant threat to advertising supported publishers. Adblockers typically negotiate with publishers, allowing some ads to go through in return for a payment, a practice called "whitelisting'' in the industry. This paper builds an analytic model to...

This paper studies information acquisition and use in network games. The network structure incorporates both strategic complements (positive links) and substitutes (negative links). An information-use game played on a correlation-adjusted network is derived. Equilibrium inefficiencies in both...

Time is often used as a differentiating factor in several service operations contexts by service providers (SPs) who prioritize their customers. We investigate the competition between two SPs involving a three-stage game. In the first stage, the SPs decide whether single service, in which...