Consider a firm that is developing an innovative product. We study the trade-offs associated with its product design decisions in regards to product performance (the function of the product), product reliability (whether the product will perform its function) and product time-to-market (the...

The dual-class share structure enables founders to maintain control of the company while obtaining external financing. It is popular with innovative companies. However, it deviates from the default rule of “one share, one vote” and has hence elicited heated debates on the topic. This article...

We examine whether the distribution of trades along the set of strike prices of option contracts on the same stock contains information about underlying price discovery. We show that option traders' demand for delta exposure drives the volume-weighted average strike-spot price ratio (VWKS). In...

In this paper, we model a firm that can reduce its carbon footprint in the presence of a segment of eco-conscious consumers, who consider the product's carbon footprint when making purchasing decisions. The firm can reduce its controllable emissions, at increased fixed and variable costs, and it...

Problem Definition: Many firms have recently allowed consumer engagement in their sustainable packaging program, where consumers can contribute to reducing the environmental impact via packaging-free purchase. In this paper, we develop a stylized model to study the impacts of consumer engagement...

We study competing fi rms' green product design decisions, and the effect of two common types of government support, namely R&D support and sales subsidies, on the products, firms and the resulting environmental impact. Each fi rm produces a product that contains a "traditional" quality and an...

Many retailers have recently started to offer customers the option to buy online and pick up in store (BOPS). We study the impact of the BOPS initiative on store operations. We build a stylized model where a retailer operates both online and offline channels. Consumers strategically make channel...

Online discount voucher market In the discount voucher market, customers usually face two types of valuation uncertainty, namely, preference uncertainty and consumption state uncertainty. Preference uncertainty is related to the customer's lack of relevant experience with the merchant, whereas...