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We develop a game-theoretical model to show that in the markets where price consistency across channels is critical, an incumbent brick-and-mortar retailer can deter the online entry of a pure-play e-tailer by strategically refraining from entering online. In the markets where price consistency...
Persistent link: https://www.econbiz.de/10009218263
price competition, the information acquisition strategies are strategic substitutes, even though the price decisions that … are based on the information are strategic complements. Competition decreases the expected value of cost information …. Moreover, when competition is intense and the cost of information low, identical firms do not acquire the same amount of cost …
Persistent link: https://www.econbiz.de/10009218293
, it decreases investment in the subsequent competition and also dampens the overall investment across the two stages. In … addition, an increase in interalliance competition decreases investments in the focal alliance but increases investment in the … competition outside the scope of the alliance. …
Persistent link: https://www.econbiz.de/10009218296
Reputational concerns have commonly been perceived to have a positive effect on auditing firms' execution of their monitoring and attesting functions. This paper demonstrates that this need not always be the case by studying a two-period game of repeated interaction between a manager and an...
Persistent link: https://www.econbiz.de/10009218309
We present a novel methodology for identifying public knowledge and eliminating the biases it creates when aggregating information in small group settings. A two-stage mechanism consisting of an information market and a coordination game is used to reveal and adjust for individuals' public...
Persistent link: https://www.econbiz.de/10009218389
Software vulnerability disclosure has become a critical area of concern for policymakers. Traditionally, a Computer Emergency Response Team (CERT) acts as an infomediary between benign identifiers (who voluntarily report vulnerability information) and software users. After verifying a reported...
Persistent link: https://www.econbiz.de/10009218396
versus mall: A strategic analysis of competition between direct marketers and conventional retailers. Marketing Sci. 17 …
Persistent link: https://www.econbiz.de/10009218479
effects of resource utilization, price competition, and product life cycle. A critical parameter for our model is a product … strategy of time-based competition is the natural result of firms' improving development capability, reducing product cost, and … cycle for the sake of competition, because all firms are worse off. Our results also indicate that the first entrant into …
Persistent link: https://www.econbiz.de/10009218512
We model an isolated portion of a competitive supply chain as a M/M/1 make-to-stock queue. The retailer carries finished goods inventory to service a Poisson demand process, and specifies a policy for replenishing his inventory from an upstream supplier. The supplier chooses the service rate,...
Persistent link: https://www.econbiz.de/10009218557
We develop a general framework for the analysis of decentralized distribution systems. We carry the analysis in terms of a simplified model which entails N retailers who face stochastic demands and hold stocks locally and/or at one or more central locations. An exogenously specified fraction of...
Persistent link: https://www.econbiz.de/10009218631