This article presents a comparative analysis of possible postponement strategies in a two-
stage decision model where firms make three decisions: capacity investment, production …

We analyze the role of demand uncertainty in markets of fixed size, in which firms take long-
run capacity decisions prior to competing in prices. We characterize the set of subgame …

The purpose of this study was to understand how market design affects market performance
through its impact on investment incentives. For this purpose, we model capacity choices by …

The Financial Accounting Standards Board (FASB) recently released an exposure draft on
fair value measurements to improve the consistency, reliability, and comparability with which …

The paper analyses the effect of uncertainty in duopoly models where capacity constrained
firms compete in prices. We show that no pure strategy Nash equilibrium exist in this game. If …

This paper offers a simple model of the price mechanism in markets where buyers take
prices as given and prices are set by sellers, as in most consumer markets. It explains price …

We study online markets where two sellers sequentially choose reserve prices and then
hold ascending auctions. Buyers can bid in both auctions and can switch between them as …

In this paper, we consider peak-load pricing by duopolists that maximize profit (not social
welfare). We compare price levels and profits across peak-load versus uniform pricing …

The paper studies an online consumer-to-consumer market with limited supply, where
sellers may list their items by posted prices or auctions. I show that when there is competition …

The theory of contestable markets emphasizes potential competition; yet it is reticent on the
identity of potential entrants. Recent literature discusses the (im) possibility of hit-and-run …