Academic articles
Practitioner articles
Working papers
Books
Book chapters
Case studies
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Subject(s)
Economics, politics and business environment
Subject(s)
Strategy and general management
Keyword(s)
executive education, leadership development, consortial programs, business strategy, peer-to-peer learning, corporate training, innovation and management, geopolitical challenges, global business perspectives, practical knowledge transfer
ISSN (Print)
0015-6914
Subject(s)
Finance, accounting and corporate governance
Keyword(s)
Learning, tax avoidance, information frictions, taxation and development, bunching, behavioral responses to taxation
JEL Code(s)
D83, H24, H26, H32, O17
Volume
127
Journal Pages
46–78
ISSN (Online)
1467-9442
Subject(s)
Human resources management/organizational behavior
Keyword(s)
innovation, communication, leadership
Subject(s)
Economics, politics and business environment
Keyword(s)
Market Power, Search and Matching, Wages
JEL Code(s)
J31, J42
Volume
91
Journal Pages
3569–3607
Subject(s)
Economics, politics and business environment
Keyword(s)
Trade platform, hybrid business model, antitrust policy, tax policy
JEL Code(s)
D42, L12, L13, L40, H25
We provide a canonical and tractable model of a trade platform enabling buyers and sellers to transact. The platform charges a percentage fee on third-party product sales and decides whether to be "hybrid", like Amazon, by selling its own product. It thereby controls the number of differentiated products (variety) it hosts and their prices. Using the mixed market demand system, we capture interactions between monopolistically competitive sellers and a sizeable platform product. Using long-run aggregative games with free entry, we endogenize seller participation through an aggregate variable manipulated by the platform's fee. We show that a higher quality (or lower cost) of the platform's product increases its market share and the seller fee, and lowers consumer surplus. Banning hybrid mode benefits consumers. The hybrid platform might favor its product and debase third-party products if the own product advantage is sufficiently high. We also provide some tax policy implications.
© 2024 The Author(s). The RAND Journal of Economics published by Wiley Periodicals LLC on behalf of The RAND Corporation.
Volume
55
Journal Pages
684–718
Subject(s)
Strategy and general management; Technology, R&D management
Keyword(s)
deep-tech innovation, lean startup, science-based innovation, biotechnology, space technology, material science, quantum computing
JEL Code(s)
O32
ISSN (Print)
0017-8012
Subject(s)
Health and environment; Management sciences, decision sciences and quantitative methods
Keyword(s)
mechanism design, information asymmetry, moral hazard, sustainable operations
JEL Code(s)
D21, D82, D86
Volume
72
Journal Pages
1843–1860
Subject(s)
Entrepreneurship
Alexander and Lorenzo were at a crossroads with their biotech startup, PhagoMed. They had left high-profile positions at Boston Consulting Group (BCG) three years earlier, driven by a bold vision to tackle the global crisis of antibiotic resistance using phages, viruses with the remarkable ability to target specific bacteria. Despite a robust commitment to R&D yielding deeper insights into phage biology, the journey from lab to clinic was frustratingly slow. And with their capital dwindling, they faced the urgent need to reassess their strategic direction and resource allocation.
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