While practitioners call for long-term managerial compensation to promote firms’ commitment in environmental, social and governance (ESG) issues, little direct evidence exists on the role managerial incentive horizon plays in firms’ ESG performance. Exploiting two alternative identification...

Problem Definition: Thanks to the ubiquity of social media and the new business model of live-streaming e-commerce, online retailing has recently embraced increasing interactions among customers. Such interactions give rise to strong network effects, i.e., customers are attracted to purchase the...

This paper develops an econometric model of industry dynamics for concentrated markets that can be estimated very quickly from market-level data on demand shifters and the number of producers. We show that the model has an essentially unique symmetric Markov-perfect equilibrium that can be...

Mobility-as-a-Service (MaaS) is based on the notion that consumers and transport providers access a centralized platform for the planning, payment, and management of trips, and combines multiple modes of transportation designed to increase the efficiency of the system. MaaS offers substantial...

The fact that wineries tend to cluster can be partially explained by the terroir of those areas. However, a gap in our understanding of the spatial relationships among wineries remains. In this article, winery-level data from California and Washington State with GIS coordinates are utilized to...

From nitrogen and phosphorus, chemical oxygen demand, phytoplankton, and eutrophication, this article analyzes the current situation of water quality in the Dongting Lake area, and discusses the factors influencing the water quality of Dongting Lake. Based on the actual production, geographic...