We consider a consignment contract with consumer non-defective returns behavior. In our model, an upstream vendor contracts with a downstream retailer. The vendor decides his consignment price charged to the retailer for each unit sold and his refund price for each returned item, and then the...

This paper proposes an insurance solution for the overtreatment problem. We show that a patient can be encouraged to seek a second opinion more often if the health insurance covers the income risk associated with this choice. The resulting insurance policy features a coinsurance rate that is...

This paper studies the impact of inequity aversion preferences (Fehr and Schmidt, 1999) in a "repeated" public goods game. We assume that agents care about the expected payoff differences among themselves over all periods of a game, so that it is in fact a dynamic game that is being played. In...

In the Big Data era, ever-increasing RDF data have reached a scale in billions of entities and brought challenges to the problem of entity linkage on the Semantic Web. Although millions of entities, typically denoted by URIs, have been explicitly linked with owl:sameAs, potentially coreferent...

This study investigates how policy uncertainty affects the acquisition process during the post-announcement period. Utilizing a sample of Australian mining sector acquisitions over 1998-2017, we find that rising policy uncertainty after initial acquisition announcements is associated with delays...

We investigate the strategic role of correlation between disclosure error and payoff shock in affecting a firm's cost of capital or share price. We show that the correlation affects the relationship between disclosure quality and the cost of capital or share price. The standard result where...