Journal of Economics & Management Strategy最新文献_第10页

National pricing with local quality competition 国家定价与地方质量竞争

IF 1.9 4区管理学

Journal of Economics & Management Strategy Pub Date : 2022-07-26 DOI: 10.1111/jems.12494

Tommy Staahl Gabrielsen, Bjørn Olav Johansen, Odd Rune Straume

引用次数: 6

Upstream market structure and downstream partial ownership 上游市场结构和下游部分所有权

IF 1.9 4区管理学

Journal of Economics & Management Strategy Pub Date : 2022-07-25 DOI: 10.1111/jems.12493

Jie Shuai, Mengyuan Xia, Chenhang Zeng

{"title":"Upstream market structure and downstream partial ownership","authors":"Jie Shuai, Mengyuan Xia, Chenhang Zeng","doi":"10.1111/jems.12493","DOIUrl":"https://doi.org/10.1111/jems.12493","url":null,"abstract":"Existing studies on partial ownership usually overlook the effects of vertically related markets. Our paper highlights the importance of the upstream market on downstream firms' incentives to acquire partial ownership and the consequent welfare implications. In the main model, we assume that there are three firms in the downstream market, two of which may form a partial ownership arrangement. We find several results that are in contrast to those in the literature. First, the two firms will engage in partial ownership if the upstream market is an oligopoly (triopoly or duopoly). Second, partial ownership may raise total production, consumer surplus, and social welfare. This happens when the upstream market consists of a duopoly and the two firms involved in partial ownership are supplied by different suppliers. Third, the outsider, commonly known as a free rider in the literature, may become a victim of partial ownership. Our results are robust to several extensions, including a general <math>\u0000 <semantics>\u0000 <mrow>\u0000 <mi>n</mi>\u0000 </mrow>\u0000 <annotation> $n$</annotation>\u0000 </semantics></math>-firm framework, product differentiation, and uniform pricing by upstream firms. We also provide the conditions under which the curvature of the demand function and the convexity of the cost function motivate firms to form partial ownership.","PeriodicalId":47931,"journal":{"name":"Journal of Economics & Management Strategy","volume":"32 1","pages":"22-47"},"PeriodicalIF":1.9,"publicationDate":"2022-07-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50143700","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Supplier selection and contract enforcement: Evidence from performance bonding 供应商选择和合同执行:来自履约担保的证据

IF 1.9 4区管理学

Journal of Economics & Management Strategy Pub Date : 2022-07-13 DOI: 10.1111/jems.12492

Leonardo M. Giuffrida, Gabriele Rovigatti

引用次数: 9

Endogeneity in pharmaceutical knowledge generation: An instrument-free copula approach for Poisson frontier models 医药知识生成的内生性:泊松前沿模型的无仪器联结方法

IF 1.9 4区管理学

Journal of Economics & Management Strategy Pub Date : 2022-06-27 DOI: 10.1111/jems.12491

Rouven E. Haschka, Helmut Herwartz

引用次数: 3

Challenging the incumbent: Entry in markets with captive consumers and taste heterogeneity 挑战在位者:进入消费者不受控制、口味各异的市场

IF 1.9 4区管理学

Journal of Economics & Management Strategy Pub Date : 2022-06-15 DOI: 10.1111/jems.12490

Christian Oertel, Armin Schmutzler

引用次数: 0

Price effects of calling out market power: A study of the COVID-19 oil price shock 呼唤市场力量的价格效应:COVID-19油价冲击研究

IF 1.9 4区管理学

Journal of Economics & Management Strategy Pub Date : 2022-05-19 DOI: 10.1111/jems.12485

Aaron Barkley, David P. Byrne, Xiaosong Wu

引用次数: 0

How much is privacy worth around the world and across platforms? 在全球范围内，在各个平台上，隐私的价值是多少?

IF 1.9 4区管理学

Journal of Economics & Management Strategy Pub Date : 2022-05-13 DOI: 10.1111/jems.12481

Jeffrey T. Prince, Scott Wallsten

引用次数: 0

Firm responsiveness to consumers' reviews: The effect on online reputation 对消费者评论的坚定回应:对在线声誉的影响

IF 1.9 4区管理学

Journal of Economics & Management Strategy Pub Date : 2022-05-13 DOI: 10.1111/jems.12484

Erfan Rezvani, Christian Rojas

{"title":"Firm responsiveness to consumers' reviews: The effect on online reputation","authors":"Erfan Rezvani, Christian Rojas","doi":"10.1111/jems.12484","DOIUrl":"10.1111/jems.12484","url":null,"abstract":"This paper investigates whether firms' responsiveness to customer reviews affects firms' online reputation. Responsiveness is measured by the intensity (fraction) of reviews that are responded to whereas online reputation is measured using TripAdvisor's average customer review rating (1–5 scale). Our analysis is applied to the hotel market in Manhattan (New York). To deal with the endogeneity of a hotel's responsiveness, we instrument it with the responsiveness level displayed by nearby competitors. This identification strategy is motivated by the fact that hotels have a greater tendency to respond to reviews not only because a particular review demands attention, but also because they seek to comply (catch up) with their competitors' level of responsiveness. The results show that one standard deviation increase in a hotel's responsiveness level would result in an improvement of 0.055 stars in TripAdvisor's average online rating (equivalently, an increase of 0.09 SD). Importantly, not accounting for endogeneity would lead to an erroneous conclusion that such effect is nonexistent. In addition, our results show that the effect is heterogeneous. Specifically, the effect is particularly strong for: (a) hotels responding more intensely to negative reviews, (b) independent hotels (vis-à-vis chain hotels), (c) hotels with a less established online reputation, (d) hotels with more volatile online ratings, and (e) hotels with more experience responding to negative reviews. We discuss the possible mechanism between firms' responsiveness and online reputation.","PeriodicalId":47931,"journal":{"name":"Journal of Economics & Management Strategy","volume":"31 4","pages":"898-922"},"PeriodicalIF":1.9,"publicationDate":"2022-05-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127179735","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Price discrimination through cause-related marketing 通过与事业相关的营销进行价格歧视

IF 1.9 4区管理学

Journal of Economics & Management Strategy Pub Date : 2022-05-05 DOI: 10.1111/jems.12478

Kameshwari Shankar, Suman Ghosh

{"title":"Price discrimination through cause-related marketing","authors":"Kameshwari Shankar, Suman Ghosh","doi":"10.1111/jems.12478","DOIUrl":"10.1111/jems.12478","url":null,"abstract":"A common form of Corporate Social Responsibility (CSR) by firms is to agree to donate a fixed portion of private good revenues to a charitable cause. In this paper, we explore a new rationale for such CSR known commonly as Cause-Related Marketing (CRM). We argue that linking private good purchase with charitable donations to a partnering nongovernmental organization (NGO) allows the firm to price discriminate between altruistic consumers who wish to make charitable donations out of their income and nonaltruistic consumers who do not place any value on such donations. The disparity in altruistic propensities translates into a difference in private good value which limits the firm's ability to extract consumer surplus in the private good market. Linking private good sales to charity brings down the variation in private good value and enables the firm to appropriate greater surplus. At the same time, by inducing nonaltruistic consumers to donate through their purchase of the charity-linked good, CRM may also increase charitable donations to the NGO beyond the level that would be achieved under the standard voluntary contributions equilibrium. We extend our model to consider the effects of CRM on profits and donations when altruistic consumers can choose between donating directly to the NGO out of their income and donating through their purchase of the charity-linked good. We consider this choice in the context of CRM advertising where firms make the altruism of their consumers public and thus provide exhibition value to donations made through the charity-linked good. We find that the case for CRM strengthens when we allow the firm to appropriate exhibition utility through advertising while enabling greater donations for the NGO through direct donations as well as CRM.","PeriodicalId":47931,"journal":{"name":"Journal of Economics & Management Strategy","volume":"31 4","pages":"787-817"},"PeriodicalIF":1.9,"publicationDate":"2022-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116340642","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"管理学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Environmental regulation and foreign investment: Evidence from China 环境监管与外商投资:来自中国的证据

IF 1.9 4区管理学

Journal of Economics & Management Strategy Pub Date : 2022-05-05 DOI: 10.1111/jems.12483

Yunyi Hu, Haitao Yin, Jon J. Moon

引用次数: 0