This paper asks whether brand extension can serve as a signal of product quality given that it costs less than a new brand. (Existing literature has assumed either that brand extension is cost-neutral or that it costs more.) I show that it can as a perfect Bayesian equilibrium, but the argument...

There exists a dichotomy in the communication strategies of fashion firms--some firms purposefully cloak information on the tastefulness of their products, whereas others openly flaunt their tasteful or "it" products. This divide in communication strategies cannot be explained by existing wealth...

The approach to decision theory has varied from one scholar and school of thought to the other from the development of mathematically complex systems, models and equations to the disregard of this particular academic endeavor altogether due to randomness and overwhelming subjectivity and...

Pacific sardine (Sardinops sagax) is a transboundary fish stock exploited by Mexican, US and Canadian fisheries that exhibits extreme fluctuations in its abundance and geographic distribution corresponding to water temperature regime shifts within the California Current Ecosystem. In this study,...

The coalition formation problem in an economy with externalities can be adequately modeled by using games in partition function form (PFF games), proposed by Thrall and Lucas. If we suppose that forming the grand coalition generates the largest total surplus, a central question is how to...