This paper studies a queuing model in which a buyer sources a good or service from a single supplier chosen from a pool of suppliers. The buyer seeks to minimize the sum of her procurement and operating costs, the latter of which depends on the supplier's lead time. The selected supplier can...

This paper explores the consumer value of publicly associating oneself with a brand image. The economic value of such association to the consumer of a brand is coming from its affect on the information exchange between consumers engaged in a search for partnerships with each other. It turns out...

Consider a supplier selling to multiple retailers. Demand varies across periods, but the supplier's capacity and wholesale price are fixed. If demand is high, the retailers' needs exceed capacity, and the supplier must implement an allocation mechanism to dole out production. We examine how the...

In illiquid markets, option traders may have an incentive to increase their portfolio value by using their impact on the dynamics of the underlying. We provide a mathematical framework to construct optimal trading strategies under market impact in a multi-player framework by introducing...

An economic theory of genocide is presented with application to Rwanda-1994. The theory considers 'macro' conditions under which an authority group chooses genocide and 'micro' conditions that facilitate the spread of genocide. From the macro perspective, a bargaining model highlights four...

This paper presents a game-theoretic model of suicide terrorism containing three agents: the terrorist leader; a targeted government; and potential terrorist supporters. Supporters join the terrorist group if they gain more from their participation than from their economic opportunities....

In this work, we develop a game-theoretic model for whether and how a first mover should disclose her resource allocation. Our model allows us to explore whether the first mover should disclose correct information about her resource allocation, incorrect information, or no information. Although...

This article puts forth collection action as a unifying theme for the conference essays on arms trade, control, and production. For each of these topics, collective action failures are related to group size and group composition considerations. Other issues are also examined including the manner...

Online feedback mechanisms harness the bidirectional communication capabilities of the Internet to engineer large-scale, word-of-mouth networks. Best known so far as a technology for building trust and fostering cooperation in online marketplaces, such as eBay, these mechanisms are poised to...

Management Science recently printed an exchange of views between Kadane and Larkey (Kadane, J. B., P. D. Larkey. 1982. Subjective probability and the theory of games. Management Sci. 28 113--120; Kadane, J. B., P. D. Larkey. 1982. Reply to Professor Harsanyi. Management Sci. 28 124.) and Harsanyi...