This paper studies how hiding sunk cost of investment would affect investment strategies in a duopoly. The investment would improve profit. If this improvement is larger for the first mover than the second mover, this study finds a unique symmetric equilibrium for a subset of such cases. On the...

Sooner or later almost every business enterprise faces the unwelcome prospect of injury to a customer. Even the smallest of businesses needs to be vigilant about potential injuries. Common examples include: restaurant meals that cause illness to consumers; shopping cart injuries; overcrowding...

Managed care has become the dominant mode through which citizens in the U.S. obtain their health care. However, as managing costs becomes the primary focus of the health delivery system, possible patient injury associated with the managed care incentive to limit care has become of paramount...

Managed care has become the dominant mode through which citizens in the U.S. obtain their health care. However, as managing costs becomes the primary focus of the health delivery system, possible patient injury associated with the managed care incentive to limit care has become of paramount...