Concept
Theory of the firm
Related publications (72)
Monopoly Pricing with Unknown Demand
The optimal pricing of goods, especially when they are new and the innovating firm is a monopolist, must proceed without precise knowledge of the demand curve. This paper provides a pricing method with a relative robustness guarantee by maximizing a perfor ...
2024Making Market Halls: Urban and Food Regeneration in Fribourg
Cities have been shaped by the exchange of food goods. The market hall was the building where the market took place as a social and economic activity. Their slow disappearance in the 20th Century was mostly due to a shift in consumption pattern as well as ...
2023Unconstrained Parametrization of Dissipative and Contracting Neural Ordinary Differential Equations
Giancarlo Ferrari Trecate, Luca Furieri, Clara Lucía Galimberti, Daniele Martinelli
In this work, we introduce and study a class of Deep Neural Networks (DNNs) in continuous-time. The proposed architecture stems from the combination of Neural Ordinary Differential Equations (Neural ODEs) with the model structure of recently introduced Rec ...
New York2023Agency conflicts and short- versus long-termism in corporate policies
We build a dynamic agency model in which the agent controls both current earnings via short-term investment and firm growth via long-term investment. Under the optimal contract, agency conflicts can induce short- and long-term investment levels beyond firs ...
ELSEVIER SCIENCE SA2020Nonlinear Pricing of Shareable Products
We consider a durable-goods monopolist who is able to control the collaborative consumption of its goods on an aftermarket by a sharing tariff. Consumers are heterogeneous with respect to their respective need propensities in each period. We show that the ...
2020Lifetime investment and consumption with recursive preferences and small transaction costs
Yaroslav Melnyk, Johannes Muhle-Karbe
We investigate the effects of small proportional transaction costs on lifetime consumption and portfolio choice. The extant literature has focused on agents with additive utilities. Here, we extend this analysis to the archetype of nonadditive preferences: ...
WILEY2020The Advent of the Sharing Culture and its Effect on Product Pricing
Thomas Alois Weber, Maryam Razeghian Jahromi
Empirical observations suggest that consumers' propensity towards sharing varies with culture and the individuals' socio-demographic characteristics. In an economy with overlapping generations of heterogeneous consumers, we study optimal dynamic selling by ...
2019Essays in Financial Economics
I started my PhD studies in August 2014 with a strong desire to push my own limits without knowing precisely the areas I wanted to cover in detail. To me, it was clear that I was interested by many different fields, however, I was particularly concerned wi ...
EPFL2019The Who, Where, What, How and When of Market Entry
This introductory, along with the eight articles contained within this Special Issue, highlights and brings greater clarity to entrant-incumbent interactions and to firm movement - when entrants traverse market territories for the creation and/or delivery ...
WILEY2019