This study investigates the Newsvendor Contest: two newsvendors not only earn profits but also compete for a fixed bonus awarded to one of them whose realized profit is higher than that of the other contender. We analyze both the simultaneous-move game, which is relevant to such business...

We report the results of a laboratory experiment investigating propagation of beliefs in a social network. During the experiment, participants faced several questions having objectively correct answers and could update their answers several times based on aggregate information about answers...

This laboratory study investigates the impact of the decision-making hierarchy and heterogeneity of knowledge on team performance and on individual performance after the team is dissolved. Our experiment examines effects of both factors. Hierarchical teams perform similarly to individual...

Meeting the needs of acute geriatric patients is often challenging, and although evidence shows that older patients need tailored care, it is still unclear which interventions are most appropriate. The objective of this study is to systematically evaluate the hospital-wide acute geriatric models...

We investigate the claim that auctions in procurement are detrimental to the buyer- seller relationship, which is expressed by less trust by the buyer and more oppor- tunistic behavior by the supplier after the sourcing. To do so, we compare exper- imentally a standard auction and a...

Supply chains today routinely use third parties for many strategic activities, such as manufacturing, R&D, or software development. These activities often include relationship-specific investment on the part of the vendor, while final outcomes can be uncertain. Therefore, writing complete...

Trust that suppliers and buyers will keep their word is a necessary ingredient to a wellfunctioning marketplace. Nowhere is the issue trickier than for electronic markets, wheretransactions tend to be geographically diffuse and anonymous, putting them out of the reach ofthe legal safeguards and...

Online reputation -"feedback"- mechanism aim to mitigate the moral hazard problem associated with spatially distant exchange among strangers by providing traders with the type of information available in small groups, where members are frequently involved in another's dealings. We compare...