This chapter reviews recent developments in analyzing single product dynamic models of joint inventory and pricing decisions. Recent literature has significantly generalized the basic model of Federgruen and Heching (1999) on both demand and supply dimensions. In our review, we put a particular...

This paper studies a capacity management problem with upgrading. A firm needs to procure multiple classes of capacities and then allocate the capacities to satisfy multiple classes of customers that arrive over time. A general upgrading rule is considered, i.e., unmet demand can be satisfied...

Existing studies disagree over the basic determinants of capital structure in Chinese firms. We identify profitability, industry leverage, asset growth, tangibility, firm size, state control, and the largest shareholding as reliable core factors explaining book leverage. Compared with evidence...

Baumol's Cost Disease offers a compelling hypothesis of rising unit costs in stagnant sectors, but increased productivity in progressive sectors may generate the same prediction through income effects. We examine quantity (rather than expenditure) data from the U.S. educational sector to...

The China Securities Regulatory Commission (CSRC) launched the Campaign for Strengthening Corporate Governance of Public Companies in 2007. As part of this pilot program, public firms were required to report to CSRC whether their boards had established audit committees and whether these audit...

We propose a new concept of S-convex function (and its variant SSQS-convexity) which includes M-natural-convex function as a subclass, and establish its fundamental properties in continuous spaces. A characterization of a twice continuously differentiable S-convex function is provided using its...

This paper examines the dynamic pricing decisions of a monopolist seller when customers have time-inconsistent preferences, which is modeled by quasi-hyperbolic discounting. By considering the cases where customers can be sophisticated, naive, or partially naive about their time-inconsistent...