A set of agents with different waiting costs have to receive a service of different length of time from a single provider which can serve only one agent at a time. One needs to form a queue and set up monetary transfers to compensate the agents who have to wait. We prove that no rule satisfies...

This study examines performance effects of changes in the top management team using an eleven-year period longitudinal research design with a sample of 45 major Dutch multinationals. Since changes at the top are a multi-faceted phenomenon, we study the topic from four different angles. Results...

Increasingly, firms allow consumers to mass customize their products. In this study, the authors investigate consumers’ evaluations of different mass customization configurations when asked to mass customize a product. For instance, mass customization configurations may differ in the number of...

We present a model of adaptive economic agents that are k periods forward looking. Agents in our model are randomly matched to interact in finitely repeated games. They form beliefs by relying on their past experience in the same situation (after the same recent history) and then best respond to...

Even though overtime is a widely observed phenomenon, this paper argues against the view of overtime as a structural cost minimizing labour demand solution. A large part of the observed overtime can be explained by the volatility of demand and absenteeism.The paper''s main contribution is to...

The quality of publications, approximated by the containing journal''s quality indicator, is often the basis for hire and promotion in academic and research positions. Over the years a handful of ranking methods have been proposed. Discussing the most prominent methodswe show that they are...

Economic theory argues that competition can diminish discrimination in the labor market, while arguments from social psychology’s social-identity theory point into the opposite direction. We ran two experiments to test the psychological predictions in an ‘economic’ setting. Participants...

Research on traditional store shelf effects has shown that a product’s absolute and relative shelf position may strongly affect consumer choices. In this paper, we examine whether such shelf effects are still at play in an online grocery store. While traditional ‘eye-level’ placement is no...

This paper provides a characterization of dominant strategy mechanisms with quasi-linear utilities and multi-dimensional types for a variety of preference domains. These characterizations are in terms of a monotonicity property on the underlying allocation rule.

Bloch (1996) presents a novel method to solve cooperative games with externalities. When trying to relate this to classical approaches he could only present negative results. We elaborate on these problems, define a modification of Bloch''s model and show that its order-independent equilibria...