Much experimental evidence indicates that choice depends on the status quo or reference
level: changes of reference point often lead to reversals of preference. We present a …

JusT AS it is often useful to neglect friction in elementary mechanics, there may be good
reasons to assume that firms seek their maximal profit as if they were subject only to legal …

The traditional assumption that fairness is irrelevant to economic analysis is questioned.
Even profit-maximizing firms will have an incentive to act in a manner that is perceived as …

Illuminants, lubricants, and solvents in the 1850s were obtained from a variety of sources,
such as oil from lard or whales, alcohol from agricultural products, and turpentine from wood …

We incorporate the concept of fairness in a conventional dyadic channel to investigate how
fairness may affect channel coordination. We show that when channel members are …

This essay advances two theses: that the law and economics movement has been losing its
upward trajectory within law schools, and that its practitioners should increasingly look to …

Cooperative (co-op) advertising has been widely used in practice and employed as a
strategy to improve the performance of a distribution channel. It is known from the existing …

The paper investigates pricing/ordering issues in a dyadic supply chain, in which a core
supplier sells products through a budget-constrained retailer. The retailer faces stochastic …

The paper investigates newsvendor problem for a dyadic supply chain in which both the
supplier and the retailer have the preference of status-seeking with fairness concerns. Nash …

This paper explores the consequences of supposing that consumers see a firm as fair if they
cannot reject the hypothesis that the firm is somewhat benevolent towards them. When …