With the rapid development of the Internet, many retailers and individuals nowadays use this technology to engage in direct e-retailing sales. In this article, we investigate the value of demand-forecast information sharing in a manufacturer-e-retailer supply chain. The value of market information depends not only on its accuracy, but also on the e-retailer’s market power and the product’s Web ...

We study the problem of computing equilibrium prices in a Fisher market with linear utilities and linear single-constraint production units. This setting naturally appears in ad pricing where the sum of the lengths of the displayed ads is constrained not to exceed the available ad space. There are three approaches to solve market equilibrium problems: convex programming, auction-based algorithm...

The result of the lack of operational proficient digital copyright protection include booming piracy market, lack of motivation for quality creative work and huge revenue loss. This research evaluates encryption based digital right management in internet communication and information transfer and identified major factors contributing to the incompetence of existing digital right management sche...

Hosts (or nodes) in the Internet often face epidemic risks such as virus and worms attack. Despite the awareness of these risks and the importance of network/system security, investment in security protection is still scare, and hence epidemic risk is still prevalent. Deciding whether to invest in security protection is an interdependent process: security investment decision made by one node ca...

This report identifies the types of information necessary to evaluate the economic impacts of Essential Fish Habitat (EFH) protection and the gaps in the existing knowledge and research methodologies necessary for this evaluation. A discussion of the basic elements of a benefit-cost analysis or a cost-effectiveness analysis for essential fish habitat protective measures (EFHPM) is used to ident...

Trust is vital for market development, but how can trust be enhanced in an online marketplace? A common view is that more trusting of buyers may help to build seller trustworthiness. This paper highlights a possibility that encouraging buyer trusting may lower seller trustworthiness in equilibrium. In particular, we set up a rational expectation model in which a marketplace uses buyer protectio...

Asymmetric information potentially leads to adverse selection, market inefficiency, and market failure. To mitigate these problems, market designers rely on different policies. Some adopt reputation policies in which they certify high-quality users and help them signal their quality; others provide marketplace guarantee policies and, in the process, prevent low-quality users from participating....

Disclosure regulation in credit markets is often put forth as a critical form of consumer "protection", but there is little hard evidence on why consumers need protection or whether disclosure regulation affects market outcomes. We address these two gaps. First we provide a new microfoundation for the widespread emphasis on consumer protection via mandated interest rate disclosure. The microfou...

This article discusses the disability insurance industry in order to provide context regarding the potential impact of genetic testing on disability insurance. It describes disability income insurance, exploring both the protection it offers and its main contract provisions. It goes on to describe the private insurance market and the differences between group and individual insurance, and concl...

The authors conducted in-depth qualitative research to examine questions around provider networks in employer health plans, particularly the development of so-called “narrow networks,” which have grown in the individual market exchanges under the Patient Protection and Affordable Care Act of 2010 (ACA). These narrow networks are characterized by offering considerably fewer health providers than...