In this paper we study optimal price setting by a seller that offers a supposedly higher-quality product in a market where a good of standard quality is already available. Consumers do not directly observe the quality of the product and their purchasing decisions are distorted by salient...

Motivated by recent trends in apps and electronic media, I study the pricing decision of a durable-goods monopolist to derive conditions under which freemium pricing is optimal. Under freemium pricing, the firm charges a price of zero for the durable good but offers optional micro-transactions...

In a series of articles, Keen and Standish (2006, 2010) have criticised the Marshallian and Cournot models of perfect competition based on a mathematical and simulation proof. Although those papers have triggered some criticism eg Anglin (2008) and Minseong (2010), Keen and Standish (2013) have...

We study a model of collective reputation and use it to analyze the benefit of collective brands. Consumers form beliefs about the quality of an experience good that is produced by one firm that is part of a collective brand. Consumers' limited ability to distinguish among firms in the...

Innovative business models in B-to-B settings allow suppliers to renew their business and to tighten the customer/supplier relationship while customers may benefit from more innovative and customized solutions. Astonishingly, the pace of adoption of these new business models is rather low. By...

Governments throughout the developed world worry incessantly about the implications of sophisticated tax planning for their tax revenues. And yet the same governments routinely stop short of doing all that they can legally do to combat tax avoidance. Why? One response is that a thick conception...

When an anti-dumping (AD) duty is imposed, a foreign exporting firm must decide whether to stay in the market and how to price its product. This paper investigates both of these decisions, but focuses on firm pricing by exploring the pass-through of the AD duty. Our model of exporter behavior...

Some of the most recognizable companies, including Land O’Lakes, REI, the Associated Press, Ace Hardware, and State Farm Insurance, are organized as cooperatives – firms owned by their suppliers, workers, or customers. Yet aside from isolated areas of the economy, cooperatives constitute...

This paper provides an empirical analysis of net entry and net exit patterns of manufacturing industries in Bangladesh. The analysis is based on a panel data set consisting of five census years' three-digit level data from the Bangladesh Census of Manufacturing Industries

In 2015, to make extra point plays after touchdowns more uncertain, the NFL moved the extra point distance from the 2-yard line to the 15-yard line. Since the rule change, the expected points from an extra point attempt has fallen from 0.99 (averaging between the 2002 and 2014 NFL seasons) to...