In this paper we analyze the optimal regulation of an internationally integrated monopolist, producing in one country and selling in another country. The monopolist’s pricing policy is constrained by transfer pricing regulations, and is subject to different tax rates on profits in the two...

A key problem in financial and actuarial research, and particularly in the field of risk management, is the choice of models so as to avoid systematic biases in the measurement of risk. An alternative consists of working with incomplete information, by fixing only a number of parameters instead...

In this paper we study the performance of Solomon’s (1987) sequential insertion heuristic |1, for Vehicle Routing Problems with Time Windows (VRPTWs) in which the number of customers per rout is small with respect to the customers’ time windows and the scheduling horizon. Solomon’s (1987)...

We experimentally investigate inter-ethnic trust and reciprocity by letting subjects from distinct ethnic origins play the trust game (Berg, Dickhaut, and McCabe, 1995). The participants in the experiment are male small business entrepreneurs of Turkish or Belgian ethnic origin, all of whom have...

The impact of transfer batching (also referred to as lot splitting) on the performance of flowshops has received widespread attention in the literature. Most papers have emphasized the usefulness of lot splitting in cutting down average flow times, as it enables the overlapping of operations at...

Access and outreach are two sides of the same coin that currently receive much attention in the literature. This paper explores the accessibility of rural credit for the case of a rural bank in Northern Nicaragua. Both the point of view of the potential client and the bank are addressed. It is...

Most central banks issue stock that is held by the government and/or commercial banks and is not tradable. In contrast, stocks of the central banks of Belgium and Japan are traded on the Brussels and Tokyo stock exchanges. The purpose of the paper is to examine this unique phenomenon of stock...

In this paper we analyze how the presence of loyal versus variety seeking consumers affects manufacturers’ package decisions. Package decisions relate to the price of the package, the quantity of the commodity it contains, and the number of different varieties in it. We first study the optimal...