We study strategic capacity investment problems in joint ventures (JVs) with fixed-rate revenue sharing contracts. We distinguish two types of JVs, depending on how individual resources determine the effective capacity of a JV. Despite its popularity across many industries, JVs tend to suffer...

Abstract Perishable capacity is often sold before it is used (e.g., tickets sold weeks before a sporting event) which creates the opportunity to include in the pricing mechanism a recourse strategy, i.e., allowing the firm or buyer to change ownership after an initial transaction. For example, a...

Airline revenue management is the practice of controlling the booking requests such that the planes are filled with the most profitable passengers. In revenue management the capacities of the business and economy class sections of the plane are traditionally considered to be fixed and distinct...