We examine how revenue-sharing and profit-sharing stakes affect price competition intensity under duopoly. Our analysis builds on the framework introduced by Varian (1980) accounts for fundamental asymmetries in terms of cost consumer loyalty. A stake exists when a firm appropriates share its rival’s revenues or profits. For example, marketplace owner that charges third-party seller an ad valor...

Abstract Several papers have challenged the robustness of loss aversion, claiming that it is context-dependent and disappears for small stakes. These use a behavioral definition aversion may be confounded by diminishing sensitivity probability/event weighting under new version prospect theory (PT). We perform theory-based test controls these confounds. found significant both stakes high The ove...

Abstract The aim of this paper is to show that the meaning and significance legal evidence being constituted throughout course a singular instance proceedings. This be achieved by describing what agents do while appealing different propositions fact inferring from them authors claim process applying law ultimately rooted in inferential discursive practices exchanging reasons on part participant...

The impact of scientific progress on legal doctrine is pervasive yet subtle. Research projects such as the Human Genome Initiative, nuclear fusion, and artificial intelligence all have the potential to shape legal standards by changing the way humanity views itself; however, Culture Clash: Law and Science in America, by Steven Goldberg, warns against allowing the current trend of a preeminent "...

LHG first acquired a 25% stake in JMH in 1997, and increased this to 49.4% in 2003. The remaining 50.6% of equity in JMH was owned by doctors who work, or have worked, in JMH’s hospitals. In 2011, LHG increased its stake to 70%, making it the majority owner. Prior to this, the companies had been separate entities, with JMH having a separate board that did not report to LHG (although LHG had rep...