An agent samples projects over time, observing quality for each, while aprincipal can select at most one. The principal values quality, whereas the agent onlywants a project chosen. Transfers are unavailable. We determine the optimal mechanismwhen the principal can verify quality by paying a...

Do markets provide adequate incentives for entrepreneurs to effectively assure consumers of authenticity, safety, and quality in the presence of asymmetric information? Early American whiskey markets, where whiskey was commonly sold out of open barrels, present a classic case of asymmetric...

With the expressed aim of reducing uncertainty and lack of precision about the Circular Economy paradigm, several standards are being proposed by standard-setting bodies. The world’s most prominent body — the International Organization for Standardization — is developing the ISO 59000...

Within the well-established European cosmetic supply chain, Independent Quality Assurance Verifiers (IQAVs) such as Cosmebio and Cosmos have been nurtured, facilitating the growth of robust markets and industries. In contrast, the cosmetics ingredients supply chain in Thailand remains enigmatic...

Background: This study aims to analyze the relationship between lean practices and orga- nizational performance in a public institution, specifically, a military organization. Methods: The research has a quantitative approach with a descriptive character, having as a sample the members of a...

This research paper investigates a duopolistic market characterized by vertical product differentiation. The study considers both product qualities and consumer preferences represented as one-dimensional intervals. The focus is on analyzing the equilibrium in a duopoly game with convex...