This study, based on a real problem in the industrial gas business, examines product bundling under B2B relations with two unique customer behavioral characteristics: (i) customers' discount expectation on products increases with the magnitude of the business offered to the seller, and (ii) they...

This paper attempts to distinguish between rational and behavioral explanations for the gross profitability effect in the international setting. Using data from 41 countries over the period 1980-2010, we find that in most countries, firms with higher gross profitability subsequently experience...

In this work, a sophisticated model is proposed to study the effects of heterogeneous types of individuals on the evolution of cooperation. In the prisoner’s dilemma game, the whole population which adopts different strategies against different neighbors, is divided into two types: the...

Impact of aspiration is ubiquitous in social and biological disciplines. In this work, we try to explore the impact of such a trait on voluntary prisoners’ dilemma game via a selection parameter w. w=0 returns the traditional version of random selection. For positive w, the opponent of high...