This paper analyses Kantian cooperation of sustainability investments in a two-stage game. Firms’ behavior, Kantian cooperation versus competition, is independent at each stage. Our findings indicate that Kantian cooperation in sustainability investment results in lower sustainability levels,...

We examine the impact of air pollution on pricing efficiency in primary markets and its underlying mechanisms. Our findings suggest that IPO pricing efficiency decreases when air pollution is more severe in cities where bidding investors are located. Mechanism tests show that air pollution...

This paper analyzes the transfer pricing decision of the multinational firm (MNF). There are differences in profit tax rates between home-country and host-country. The MNF determines the transfer price to its overseas affiliate and delegates the responsibility of deciding on the final sales...

This paper generalizes Gaudin (2016) adding the CSR concerns under a general demand form, and focuses on the double marginalization problem in single-product successive monopolies with one manufacturer and one retailer. We assume that manufacturer or retailer non-cooperatively engages in CSR...

This paper investigates how network externalities affect parallel imports and profits. In a three-country model, a multinational manufacturer produces locally and sells through local distributors in two countries. Parallel imports between two countries are permitted by the manufacturer. The...