Large fluctuations in energy prices have been a distinguishing characteristic of the US
economy since the 1970s. Turmoil in the Middle East, rising energy prices in the United …

We point out a fundamental difficulty of successfully colluding in retail markets with
heterogeneous firms, and characterize the mechanism recent gasoline cartels in Canada …

The increasing pervasiveness of social networks allows users to share purchase behaviors
with their online friends. In this study, we examine optimal pricing strategies of a …

A seller has a fixed number of goods to sell by a deadline. At each time, he posts a regular
price and decides whether to hold a flash sale. Over time, buyers privately enter the market …

This paper solves for the profit-maximizing strategy of a durable-goods monopolist when
incoming demand varies over time. We first characterize the consumers' optimal purchasing …

The centralization versus decentralization choice is perhaps the quintessential
organizational structure decision. In the operations realm, this choice is particularly critical …

This paper shows that decentralized supply chains, in which upstream firms use linear
wholesale prices, may experience lower upstream production and downstream sales …

Firms in develo** countries often face concentrated input markets and contracting
frictions. This paper studies the efficiency of self-enforced long-term relationships between …

We study how upstream producers can use two-part tariffs (2PTs) to dampen the bullwhip
effect in storable-good supply chains subject to strategic inventory stockpiling by …

Over the past decade, consumers' strategic waiting behavior in anticipation of a price
markdown has become increasingly common when advance selling is used. Recently …