Not every interaction within a supply chain is specified by a formal contract vetted by lawyers. Many things are agreed to on an informal basis and it is worth exploring how these informal side agreements relate to formal contracts. This paper studies a two-firm supply chain, where repeated...

The incentive to 'overinvest' in capital may be eroded in dynamic, competitive settings if firms face uncertainty and irreversibility. In this paper, we derive the stationary Markov perfect equilibrium for a dynamic, infinite-horizon capacity investment game formulated in continuous time in...

Research contributions providing insights at the intersection of real options analysis and industrial organization have become numerous in the recent decade. In the present paper, we provide an overview aimed at categorizing and relating these research streams. We highlight managerial insights...

This study examines the operational (improvement) benefits of strategy cascading — as well as the effects of leadership style — as embedded in the organizational context of portfolio complexity. We use multiple comparative case studies (based on nine manufacturing sites of a global...

Free-return policies are a critical aspect of online retailing, since they encourage consumers to purchase even when product fit (e.g., regarding size and taste) is not certain. Scholars usually explain the appeal of such policies in terms of increasing consumers' net utility. In contrast, we...

Online retailers are divided over the optimal use of salvaging in their returns policies. Should firms have restrictive returns policies yet unconstrained use of secondary markets for salvaging, thereby risking oversupply and low salvage values? Or should firms have lenient returns policies...

This paper investigates the industrial practices of production offshoring and reshoring — in particular, the role of strategy and natural hedging (i.e., co-locating sales and production activities). After analyzing the recent production sourcing decisions of 74 leading global manufacturing...