Most pricing studies assume that firms have complete information about demand. In practice, managers must make decisions, given incomplete information about the demand for their own products as well as those of their rivals. This paper develops a duopoly pricing model in which firms market...

Purpose: The purpose of this paper is to compare two mediating mechanisms of servant leadership’s effect on followers’ work engagement: the social exchange mechanism (represented by leader-member exchange (LMX)) and the social learning mechanism (represented by public service motivation in...

This paper examines how a surface water market affects the performance of a groundwater basin that is in open access. The market only solves the groundwater over-extraction problem when pumping costs are high, while market failure arises when the common pool resource (CPR) problem is severe. I...

This paper reports experiments motivated by ongoing controversies regarding tick size in markets. The minimum tick size in a market dictates discrete values at which bids and asks can be tendered by market participants. All transaction prices must occur at these discrete values, which are...

This paper demonstrates a novel mechanism through which emissions cap-and-trade mitigates production-side distortion vis-à-vis an emissions cap policy under a heterogeneousfirm framework with imperfect competition. When clean and dirty inputs are gross substitutes, we find that a pro rata...

The inter-temporal resource allocation efficiency of a property rights-based common-pool resource system is challenged by a cost externality when one user’s extraction raises the extraction cost for others. This paper builds a dynamic resource allocation model to illustrate the efficiency loss...

In this paper we examine the relationship between product quality and advertising expenditures empirically. Unlike previous works in the literature, we explicitly distinguish between objective quality and (consumer) perceived quality. In fifteen product classes, five frequently purchased and ten...

China's rapid economic growth is staggering but the country still has a long way to go before becoming a center for innovation and creativity. We examine whether or not transformational leadership can encourage employee creativity, using a Chinese-specific transformational leadership model. The...