This paper studies whether imposing carbon costs changes the supply chain structure and social welfare. We explore the problem from a central policymaker's perspective who wants to maximize social welfare. We consider two stakeholders, retailers and consumers, who optimize their own objectives...

Merchant operations involves valuing and hedging the cash flows of commodity- and energy-conversion assets as real options based on stochastic models that inevitably embed model error. In this paper we quantify how empirically calibrated model errors concerning the futures term-structure affect...

This is the Online Appendix to the paper "Supplier Encroachment Under Asymmetric Information."The paper "Supplier Encroachment Under Asymmetric Information" to which these Appendices apply is available at the following URL: "http://ssrn.com/abstract=2018432" http://ssrn.com/abstract=2018432

In section E.C.1, we show that the optimal separating solution always dominates the optimal pooling solution in our model. In section E.C.2, we present two extensions of our base model. In EC.2.1, we extend our model to a setting with a continuously distributed market size. We allow for the...

Crowdfunding is a fast emerging internet fundraising mechanism for soliciting capital from the crowd to support entrepreneurial ventures. This paper empirically investigates the dynamics of investors’ backing behaviors in the presence of network externalities and a finite time window. The...

Crowdfunding, a peer-to-peer fundraising mechanism, solicits capital from individual backers to support entrepreneurial projects. Entrepreneurs set a funding target and deadline; the project will be funded only if it reaches this funding target by the deadline. Backers individually decide whether...

Owners of multi-sided platforms typically possess strong power over complementors. Such power asymmetry gives platform owners the edge on setting high platform fees to capture most of the surplus created on their platforms. While there is a heated debate on regulating these powerful platforms,...

Restaurants are increasingly relying on on-demand delivery platforms (e.g., DoorDash, Grubhub, and Uber Eats) to reach customers and fulfill takeout orders. Although on-demand delivery is a valuable option for consumers, whether restaurants benefit from or are being hurt by partnering with these...

The coronavirus (COVID-19) pandemic has interrupted many industries, with restaurants being one of the hardest-hit businesses. On-demand delivery platforms such as DoorDash, Grubhub, and Uber Eats have been a valuable option for consumers, but whether and to what extent these platforms benefit...