This study examined a model of the simultaneous and interactive influence of social context, psychosocial attitudes, and individual maturity on the prediction of urban adolescent drug dealing. Five factors were found to significantly increase adolescents' opportunity for drug selling: low parental monitoring, poor neighborhood conditions, low neighborhood job opportunity, parental substance use...

I n this article, we study the newsvendor problem with endogenous setting of price and quoted lead-time. This problem can be observed in situations where a firm orders semi-finished product prior to the selling season and customizes the product in response to customer orders during the selling season. The total demand during the selling season and the lead-time required for customization are un...

Cross-selling is an old and valuable technique used by salespeople to increase order size and to transform single-product buyers into multi-product ones. More recently, cross-selling has evolved into a strategy for customer relationship management. This article starts with a discussion of the benefits and pitfalls of cross-selling as a strategy for customer development within the context of CRM...

Article history: Received 12 September 2014 Accepted 20 January 2015 Available online 24 January 2015 We investigate the daily short-selling by foreign investors and their impact on stock price, liquidity, and volatility in the Korean stock market. From January 1, 2006, to May 31, 2010, we find that the majority of short-selling is performed by foreign, rather than by domestic, investors and th...

Many developing democracies struggle with vote-buying and other forms of clientelism in electoral politics. Clientelism has been associated with reduced accountability and trust, increased corruption, and inefficient public administration (Stokes 2005; Desposato 2007; Keefer 2007; Kitschelt et al. 2010; Hicken and Simmons 2008; Hicken 2011; Stokes et al. 2013). In response, many government agen...

One dimensional stylized model taking into account spatial activity of firms with uniformly distributed customers is proposed. The spatial selling area of each firm is defined by a short interval cut out from selling space (large interval). In this representation, the firm size is directly associated with the size of its selling interval. The recursive synchronous dynamics of economic evolution...

We construct a comprehensive dataset of patent sales conducted by all US public firms in Chapter 11 bankruptcy from 1981 to 2012. We document that 40% of firms sell, on average, 18% of their patents during bankruptcy reorganizations. Innovation sales concentrate in the first two quarters after bankruptcy filing. Firms sell more redeployable and liquid patents, as opposed to selling underexploit...

Firms commonly offer three-part tariffs, or menus of three-part tariffs, in a variety of contexts. A three-part tariff consists of a fixed fee, an included allowance of units for which the marginal price is zero, and a positive marginal price for additional usage beyond the allowance. A prime example is the US cellular phone services market in which firms typically offer consumers plans consist...

We consider a seller who can propose any selling mechanism to a buyer. The seller’s reservation value and the buyer’s valuation can depend both on the buyer’s privatelyknown taste and on product characteristics privately-known to the seller. Product information is voluntarily and costlessly certifiable by the seller. We characterize all feasible allocations under any certifiability structure an...