Many sellers allow consumers to pay with reward points instead of cash or credit card. While the revenue implications of cash and credit card purchases are transparent, the implications of reward sales are not trivial, especially when a firm that issues points is not a seller. In this case, a...

Government plays a critical role in the development and adoption of new technology with social benefits. While there are many policies available under different forms and names, the two most popular subsidy policies are a technology-push policy, which awards manufacturers for R\&D efforts, and a...