In a dynamic, competitive environment, the decision to enter the market should be timed to balance the risks of premature entry against the missed opportunity of late entry. Previous research has mainly focused on the strategic aspects of the entry-time decision. In this paper we review the...

A group of individuals meet to share the cost and determine output allocations of a partial-excludable public good. We demonstrate that, for general cost functions and preferences that satisfy the Spence-Mirlees sorting condition, the serial cost-sharing formula (Moulin, 1994) has remarkable...

A group of diverse principals who represent an institution contract with an agent for the production of a two-dimensional commodity. One dimension of the agent's production is verifiable, while the other is unverifiable. The principals can employ two strategic tools to motivate the agent---a...