When making brand selection decisions for complex technological products, a consumer is likely to use a subset of the characteristics as a "signal" of a brand's quality and performance. This study examines the usefulness of brandedness as a signal for consumers selecting three types of durable...

"In Exchange-Traded Funds and the New Dynamics of Investing, Ananth Madhavan examines the quiet transformation of asset management through the rise of passive or index investing. A closely-related phenomenon is the rise of exchange-traded funds (ETFs). An ETF is an investment vehicle that trades...

The influential Scherer and Ross text (1990, p. 411) states that the ?main question? in empirical industrial organization in the latter part of the twentieth century is Bain?s (1951) ?collusion? or ?agreement? hypothesis versus Demsetz?s (1973) ?superior firm? hypothesis. Prior to the Federal...

This paper develops an alternative model for the discriminatory pricing behavior of physicians. By introducing search cost explicitly, it generates a result that price discrimination will be practiced by all physicians even if the elasticity of market demand is less than one and all or most of...

The influential Scherer and Ross text (1990, p. 411) states that the “main question” in empirical industrial organization in the latter part of the twentieth century is Bain’s (1951) “collusion” or “agreement” hypothesis versus Demsetz’s (1973) “superior firm” hypothesis. Prior to the...