The economic literature on online auctions is rapidly growing because of theenormous amount of freely available field data, moreover the emergence ofnumerous innovative auction design features on auction platforms such aseBay have created excellent research opportunities. In this article, we...

This paper provides a discussion about some recent issues related to the transfer ofcredit risk (CRT) from the perspective of global liquidity. The CRT market is enormouslygrowing and exhibits major structural shifts in terms of buyers and sellers ofprotection. I try to address these issues from...

The allocation of decision rights is an integral component of designing organizational architecture. Economists have long understood the importance of co-locating decision rights with the knowledge that is valuable to those decisions. Following this prescription, marketing scholars have...