This paper analyses Kantian cooperation of sustainability investments in a two-stage game. Firms’ behavior, Kantian cooperation versus competition, is independent at each stage. Our findings indicate that Kantian cooperation in sustainability investment results in lower sustainability levels,...

We examine the impact of air pollution on pricing efficiency in primary markets and its underlying mechanisms. Our findings suggest that IPO pricing efficiency decreases when air pollution is more severe in cities where bidding investors are located. Mechanism tests show that air pollution...

This paper analyzes the transfer pricing decision of the multinational firm (MNF). There are differences in profit tax rates between home-country and host-country. The MNF determines the transfer price to its overseas affiliate and delegates the responsibility of deciding on the final sales...

This paper generalizes Gaudin (2016) adding the CSR concerns under a general demand form, and focuses on the double marginalization problem in single-product successive monopolies with one manufacturer and one retailer. We assume that manufacturer or retailer non-cooperatively engages in CSR...

This paper considers that upstream monopoly firm sets input price discrimination (IPD) or uniform input pricing (UIP) in the quality competition market. The marginal cost is related to product quality. We find: When overall quality is low, the upstream firm will give a lower...

In this paper, we examine the welfare effect of CSR executed by high-productivity firms, and find that capturing more profits is a crucial driving force for firms to do CSR. Under free entry of low-productivity non-CSR firms, more high-productivity firms doing CSR, or CSR firms increasing the...

This paper examines how macroeconomic factors influence household decision making with regard to human capital investment. We provide evidence suggestive of a causal relationship between macroeconomic indicators and the decision to pursue graduate education. Overall, we find graduate school...

This paper investigates how network externalities affect parallel imports and profits. In a three-country model, a multinational manufacturer produces locally and sells through local distributors in two countries. Parallel imports between two countries are permitted by the manufacturer. The...

We present an approach to automate the bidding and budgeting of multi-unit digital advertising campaigns. Such campaigns typically involve groups of ad-units that span multiple user segments, ad-delivery channels and media that together are meant to deliver on the advertiser's goals. Our model...

The geometric structures, energetic and electronic properties of global minima of the AlBe n ( n = 1–12) clusters have been systemically studied by using the hybrid density functional theory [B3LYP] and coupled cluster [CCSD(T)] methods. It is found that the impurity Al atom is externally...