Issue 3

Fabrizio Ciotti, Lars Hornuf, Eliza Stenzhorn
Online platforms that implement reputation mechanisms typically prevent the transfer of ratings to other platforms, leading to lock-in effects and high switching costs for users.

Massimo Motta, Sandro Shelegia
A monopoly platform may prevent a startup which sells a complementary product from developing a competing platform by copying it.

Rui Albuquerque, Luís Cabral
We propose a theory of strategic corporate social responsibility (CSR). Value-maximizing shareholders play an industry CSR game where they can opt for an objective function that extends beyond shareholder value, thus conditioning other strategic firm decisions.

David Martimort, Wilfried Sand-Zantman
We analyze the effect of media mergers in a model that stresses, on the one hand, the fact that media are two-sided platforms willing to attract advertisers and viewers and, on the other hand, that strong competitors have emerged to challenge traditional media on both sides.

Lin Liu, Ramarao Desiraju, Gan Zou
Restrictions on returning an undesirable purchase may make consumers feel regret, and they may account for such a potential postpurchase regret when selecting products. This paper incorporates regret-averse consumers into a model of returns policy and compares two policies—a returns policy (which allows consumers to return undesirable purchases) and a no-returns policy (which restricts consumer returns).