Manufacturers of packaged consumer goods strive to develop a new product with a special feature that could provide additional value to consumers. However, it is less clear whether such an effort is still rewarding in terms of margin if manufacturers are losing power to retailers as some have...

This research aims to gain deeper insight into the determinants of relative power within the distribution channel. We formulate bilateral bargaining under the generalized Nash bargaining but allow for the possibility that the retailers can pass through the price increase to its customer.We bring...

The optimal histogram cell width, which asymptotically minimizes the mean Hellinger distance between the histogram and density, is shown to be equivalent to the one that maximizes Akaike's information criterion for compactly supported densities.

The optimal window width, which asymptotically minimizes mean Hellinger distance between the kernel estimator and density, is known to be equivalent to the one that maximizes expected Kullback--Leibler loss for compactly supported densities. Implications of the result are discussed.

In this paper, we derive asymptotic theorems for the Petrin (2002) extension of the Berry, Levinsohn, and Pakes (BLP, 1995) framework to estimate demand-supply models with micro moments. The micro moments contain the information relating the consumer demographics to the characteristics of the...