We investigate a model in which one seller and one buyer trade in each of two periods. The buyer has demand for one unit of a non-durable object per period. The buyer's reservation value for the good is private information and is the same in both periods. The seller commits to prices in each of...

We consider a firm's production and sales decisions for an age-based product (e.g. whiskey, wine, or cheese) whose value increases with aging. The firm has been selling only a younger aged product but is considering introducing a new product by setting some of its production aside to age longer....

We investigate the cost of the opportunity delayed by working on one project with uncertain success rather than searching for a new project. We answer the question: how long should a firm work on a research project with uncertain success before abandoning it if the only alternative is to search...

We consider a cloud provider which hosts interactive applications such as mobile apps and online games. Depending on the traffic of users for an application, the provider commits a subset of its resources (hardware capacity) to serve the application. The provider must choose a dynamic pricing...