This study makes an “apples-to-apples” comparison between hedge funds and all their counterparties, such as mutual funds', in a zero-sum contest utilizing a new methodology. Extensive institutional transactions involving precisely matched trade portfolios shows that hedge funds are...

The present research explores how self-construal interacts with social versus temporal comparison target in shaping consumer perceptions of price unfairness and willingness to pay. Three experiments find that independent consumers perceive stronger price unfairness when paying more than other...

We study a buyer’s contract design problem when her supplier has private quality cost information and cares about his market valuation. Depending on whether the quality level is contractible or not, we characterize parameters of the contract menu (including quantity and transfer payment) for...

We empirically study how to seed products in a network in the presence of peer effects from both friends and strangers. The product adoption decisions of friends and strangers can both strongly influence consumers' purchase behaviour, but their importance relative to each other is unknown. We...

In extending fast digital clock synchronization to the bounded-delay model, the expected constant time Byzantine pulse resynchronization problem is investigated.In this problem, the synchronized state of the system should not only be deterministically maintained but be reached from arbitrary...