New digital technologies not only support consumers in better fulfilling their own
consumption needs but also enable them to create greater value for other consumers. These …

Retailing Studies at Texas Page 1 Kathleen Seiders is assistant professor of marketing at Bahson
College. Leonard L Berry directs the Center for Retailing Studies at Texas ARM University …

This paper emphasizes the important role played by intermediaries in the economy,
including wholesalers, retailers, and financial firms. The paper defines an intermediary as an …

This book presents a theory of the firm based on its economic role as an intermediary
between customers and suppliers. Professor Spulber demonstrates how the intermediation …

Automated financial product advisors-" robo advisors"-are emerging across the financial
services industry, hel** consumers choose investments, banking products, and insurance …

A key impediment to sharing is a lender's concern about damage to a lent item due to
unobservable actions by a renter, usually resulting in moral hazard. This paper shows how …

Businesspeople need contractual assurance. Most transactions are less straightforward than
a cash sale of an easily identifiable item. Buyers need assurance of the quality of what they …

This paper gives an example of renting the reputation of another agent to signal quality. We
show that in a “maximally” separating equilibrium, manufacturers of high quality products …

The Internet continues to grow as a medium to support commerce. Economic analysis of
Internet commerce is still in a nascent stage while Internet technology and use has rapidly …

The purpose of this paper is to provide an economic analysis of the brokerage institution and
an overview of the literature on this issue. In addition to the brokerage issues that have …