This paper studies innovation tournaments in which an organizer seeks solutions to an innovation-related problem from a number of agents. Agents exert effort to improve their solutions but face uncertainty about their solution performance. The organizer is interested in obtaining multiple...

Public, private, and not-for-profit organizations find advanced technology and product development projects challenging to manage due to the time and budget pressures, and turn to their development partners and suppliers to address their development needs. We study how dynamic development...

As consumers become more conscious about social issues, they gain an additional "social benefit" when purchasing from a socially responsible retailer (or brand). This trend has motivated more socially responsible retailers (or brands) to enter the market with a "pre-commitment" to donate a...

Crowdfunding goes beyond raising funds. Entrepreneurs often use crowdfunding to solicit feedback from customers to improve their products, and may therefore prefer to launch crowdfunding campaigns with less developed products. Yet, customers may not be persuaded by a campaign if a product...

Economic growth in many countries is increasingly driven by successful startups that operate as online platforms. These success stories have motivated us to define and classify various online platforms according to their business models. This study discusses strategic and operational issues...

We study multiple parallel contests where contest organizers elicit solutions to innovation-related problems from a set of solvers. Each solver may participate in multiple contests and exert effort to improve her solution for each contest she enters, but the quality of her solution at each...

We study supply chains where multiple suppliers sell to multiple retailers through a wholesale market. In practice, we often observe that both suppliers and retailers tend to influence the wholesale market price retailers pay to suppliers. However, existing models of supply chain competition do...

In a contest in which solvers with heterogeneous expertise exert effort to develop solutions, a recent paper (Terwiesch, C., Y. Xu. 2008. Innovation contests, open innovation and multiagent problem solving. Management Science. 54(9) 1529--1543) argues that as more solvers enter the contest,...

To revitalize local communities and economies, more not-for-profit food cooperatives (coops) are establishing their presence in less-populated areas or poor communities in recent years. This trend has motivated us to examine the entry conditions for food coops with the following two related...

We consider a buyer firm that sources the design and production of an innovative product from two suppliers. The value of a supplier's design depends on the supplier's effort, while the production cost is the supplier's private information. A supplier can potentially produce the design of...