Delays in product availability are common in e-commerce where electronic retailers try to manage with very low inventories. While this lowers inventory costs, the negative effect of increased stockouts is to reduce net demand for the product. We analyze the effect of offering a lower price...

When buyers are uncertain about product valuations for future consumption, the seller incurs an information disadvantage if it allows consumers to purchase late, after they (privately) learn their true consumption state. Despite this, when customers are heterogeneous, it may be optimal for the...

The first section of Computational Modeling and Problem Solving in the Networked World focuses on the reflective and integrative thinking that is critical to contemporary science - "Perspectives on Computation." This section presents philosophical perspectives on computation, covering a variety...