In competitive industries, some firms bundle their products, whereas others unbundle them; still other firms occupy a niche position and offer only a subset of products. No general theory has been advanced to explain this variety of bundling strategies. We characterize the strategies of two...

Consider a make-to-stock firm that needs to decide its price and order quantity before a selling season without knowing the demand. By charging a different price from the riskless price, the firm can hedge its profits against demand uncertainty either by mitigating its demand risk or by lowering...

For many growth-oriented entrepreneurial firms, the entrepreneur's time is one of the more salient resource constraint. Classifying the entrepreneurs' activities into four categories based on their revenue-related or process-related impact and short-term or long-term effects, we present a...