One of the notable perks of being an academic is the ability to not only combine business and pleasure, but also to take an interest in cases that, for political or practical reasons, are unlikely to come about. An anti-trust investigation into the planned creation of a new European football...

This article presents and analyses the results of a large-scale empirical study in which over 11,000 consumers from ten countries in five continents were surveyed about their use, perceptions and understanding of online platform services. To the author’s knowledge, this is the first...

This paper looks at whose voice is heard and whose interests are protected in the making of finance-related laws in China. To ensure its accuracy, the paper focuses on a real-life case study of the making of bankruptcy laws in 1986 and 2006. Laws provide a set of incentives and constraints on...

This paper presents a spatial model to analyze the effects of the entry of Fintech lenders on credit market competition and welfare. In the model, banks compete with a Fintech lender for borrowers under asymmetric information. Both types of lenders can screen borrowers before making a loan, and...

The recent shock announcement on 18 April 2021, by 12 leading European football clubs, i.e. the big 6 from England: Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur; top 3 from Italy: AC Milan, Inter Milan, Juventus; and top 3 from Spain: Atlético Madrid,...

Motivated by several recent papers on oligopoly theory, we characterize geometric properties of a class of inequalities involving the product of two integrals of the probability density quantile function and its reciprocal. Through three applications, we illustrate how our characterization can...

Amazon, Apple, Facebook, and Google, often referred to as the “big four” tech companies, are four of the five most valuable US companies traded on the public market and together control over $5 trillion in market capitalization, almost one-fifth of the S&P 500. As these companies have grown...

Existing applications of the Salop model (1979) to oligopolistic competition between retailers assume that demand is constant or has constant elasticity. With these formulations, demand is never zero, retailers always compete, and transport costs, as barriers to competition, always raise...

The bargaining process between the platform and users has great impact on the pricing scheme and the successful establishment of a platform. When users receive utilities after paying a initial cost to join the platform, they face the risk of platform's aggressive pricing and are discouraged from...

We investigate how M&A activities are used to allocate R&D resources within firm boundaries. We find that Chinese listed firms exhibit strong intra-firm R&D reallocation behaviors following M&A activities from 2007 to 2017. Specifically, they shift innovation activities to subsidiary firms. The...