Several literatures in strategy propose models of the displacement of incumbent firms by newer firms that adopt newer technologies. While that pattern likely plays out often, it is also often the case in industries where incumbents adopt new technologies less intensively than the entrants are...

This study addresses the problem of improving the performance of water quality trading auctions when information about delivery coefficients of nonpoint sources is revealed to potential sellers. We consider the case in which a regulator participating in an auction market as a buyer of water...

How actively households participate in the financial markets, decides to a large extent, the synchronisation between the real and financial side of an economy. Digitalisation, by way of improving the accessibility to financial markets, can lead to an increase in this synchronisation. In this...

In this work, we study semi-personalized pricing strategies where a seller uses features about their customers to segment the market, and customers are offered segment-specific prices. In general, finding jointly optimal market segmentation and pricing policies is computationally intractable,...

This paper investigates interbank market fragmentation that results from the bank-sovereign risk nexus. We focus on the Italian market fragmentation during the post-Lehman and sovereign debt crisis era. By using Italian bank and GIPSI country CDS spread changes, we suggest a new measure of...