Industrial robotics has become a driving force in the development of high-quality manufacturing enterprises. This paper investigates the impact of industrial robotics on the total factor productivity of enterprises and its mechanism of action through the use of data from A-shares of Chinese...

Electronic cigarettes are a less harmful alternative to combustible cigarettes. We analyze data on e-cigarette choices in an online experimental market. Our data and mixed logit model capture two sources of consumer optimization errors: over-estimates of the relative risks of e-cigarettes; and...

The U.S. 2009 Tobacco Control Act opened the door for new anti-smoking policies by giving the Food and Drug Administration broad regulatory authority over the tobacco industry. We develop a behavioral welfare economics approach to conduct cost-benefit analysis of FDA tobacco regulations. We use...

We construct two operational systems of a perishable firm, the traditional and quick-response systems, selling to strategic consumers with regrets or without regrets over two periods. When strategic consumers buy the product at the full-price period, they may experience high-price regret....

As the world's seventh largest wine producer (OIV, 2017), China plays a significant role in the world's wine industry. Classified as neither New or Old World it was recently classified into a "New, New World Category" (CNCCEF, 2009 Lawrence, 2016). This paper presents an overview of the Chinese...

We study the impact of new information on people's perceptions of the risks of e-cigarettes. In September 2019 the U.S. experienced an outbreak of e-cigarette, or vaping, associated lung injuries (EVALI). The EVALI outbreak created an information shock, which was followed by additional new...

Open innovation diffusion is of great significance to industrial transformation and upgrading, forming an open innovation ecosystem based on the patent publication. However, patent applicants contribute much knowledge to the public domain, and the communication channel, which is network...