We study a keyword auction model where bidders have constrained budgets. In the absence of budget constraints, Edelman et al. (Am Econ Rev 97(1):242–259, <CitationRef CitationID="CR3">2007</CitationRef>) and Varian (Int J Ind Organ 25(6):1163–1178, <CitationRef CitationID="CR12">2007</CitationRef>) analyze “locally envy-free equilibrium” or “symmetric Nash equilibrium”...</citationref></citationref>

We investigate 589 production suspension announcements during from 2000 to 2015 in Korea to identify determinants of production suspension, event, operating and financial characteristics. We find that restructuring announcements have negative impact on stock returns while other reasons such as...

We study decentralized colleges admissions in the face of uncertain student preferences. Enrollment uncertainty causes colleges to strategically target their admissions, forgoing students sought after by others and seeking students overlooked by others. When students' types are multidimensional,...

Given the extremely competitive nature of the current global service industry, the transition from merely satisfying customers to delighting customers has become a strategic objective for many service firms. As previous studies have reported, many service organizations pleasantly surprise their...