In recent years, the performance-based approach to contracting for medical services has been gaining popularity across different healthcare delivery systems, both in the United States (under the name of "pay for performance") and abroad ("payment by results" in the United Kingdom). The goal of...

Is demand uncertainty a devil? A conventional thought is that demand uncertainty hurts a seller's profit. However, we show that demand uncertainty could favor a seller if the pricing mechanism is designed properly. Specifically, we study the optimal pricing strategy in advance selling with both...

Our paper studies the role of the performance-based incentives in managing the effects of consolidation in healthcare markets. We consider a transition between the ``pre-merger'' market configuration where a payer manages a system with two competing hospitals and one of the two ``consolidated''...

With the development of the Internet and E-commerce, retailers often offer pre-orders for new to-be-released products. To encourage pre-orders, retailers such as Amazon offer pre-order price guarantee (PG). That is, if the product price drops before or on the release date, pre-order consumers...