作者：Fuchs, William; Green, Brett; Levine, David
作者单位：University of Texas System; University of Texas Austin; Universidad Carlos III de Madrid; Washington University (WUSTL); University of California System; University of California Berkeley
摘要：A large literature examines demand-side barriers to product adoption. In this paper, we examine supply-side barriers in a setting with limited contract enforcement. We model the relationship between a distributor and its credit-constrained vendors. We show that the optimal self-enforcing arrangement can be implemented by providing vendors with a line of credit and the option to buy additional units at a fixed price. Moreover, the structure of this arrangement is optimal both for profit-maximiz...
作者：Blavatskyy, Pavlo; Ortmann, Andreas; Panchenko, Valentyn
作者单位：Montpellier Business School; University of New South Wales Sydney
摘要：The Allais Paradox, or the common consequence effect, is a well-known behavioral regularity in individual decision-making under risk. Data from 81 experiments reported in 29 studies reveal that the Allais Paradox is a fragile empirical finding. The Allais Paradox is likely to be observed in experiments with high hypothetical payoffs, the medium outcome being close to the highest outcome and when lotteries are presented as a probability distribution (not in a compound form). The Allais Paradox ...
