This paper studies the strategic interaction between firms producing strictly complementary products. With strict complements, a consumer derives positive utility only when both products are used together. We show that value-capture and value-creation problems arise when such products are developed and sold by separate firms (“non-integrated” producers). Although the firms tend to price higher ...

This paper considers the problem of a risk-neutral firm offering a gamble to consumers with preferences given by prospect theory. Under conditions satisfied by virtually all functional forms used in the literature, firms can extract arbitrarily high expected values from consumers. Moreover, for any given lottery, there exists another lottery that makes both the firm and the consumer better off....

We consider several related set extensions of the core and the anticore of games with transferable utility. An efficient allocation is undominated if it cannot be improved, in a specific way, by sidepayments changing the allocation or the game. The set of all such allocations is called the undominated set, and we show that it consists of finitely many polytopes with a core-like structure. One o...

T paper develops a model of dynamic pricing with endogenous intertemporal demand. In the model, there is a monopolist who sells a finite inventory over a finite time horizon. The seller adjusts prices dynamically to maximize revenue. Customers arrive continually over the duration of the selling season. At each point in time, customers may purchase the product at current prices, remain in the ma...

The XBRL (eXtensible Business Reporting Language) data interoperability standard has been adopted by regulators worldwide, improving the efficiency, accuracy, and reliability of financial reporting systems. But XBRL also aims to support analysis by standardizing terminology and format across platforms. While XBRL clearly stores financial statements formatting instructions, it may or may not be ...

In this paper, we consider the problem of incorporating additional preference information into Value Efficiency Analysis by using the “price” information of inputs and outputs. This is done to improve the accuracy of the estimation of the Value Efficiency Scores. Value Efficiency developed by Halme et al. [1999] is an efficiency concept, which takes into account the decision maker’s preferences...

The purpose of the present study is to investigate the relationship between intellectual capital (human capital efficiency, customer capital efficiency, and structural capital efficiency) and economic value added of the listed companies on the Tehran Stock Exchange (TSE). The population includes 39 firms selected through systematic sampling. The data is collected from the audited financial stat...

We provide a new characterization of the Shapley value neither using the e¢ciency axiom nor the additivity axiom. In this characterization, e¢ciency is replaced by the gain-loss axiom (Einy and Haimanko, 2011, Game Econ Behav 73: 615–621), i.e., whenever the total worth generated does not change, a player can only gain at the expense of another one. Additivity and the equal treatment axiom are ...