Research and Publications

Research

Please see also my google scholar page

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Why does Amazon operate as a dual-format retailer (i.e., both as a merchant and as a platform)?
The growth of the online retailer Amazon has attracted attention to its dual-format retailing model: it acts as a traditional merchant (buying and reselling goods) and it also provides a platform for third party sellers to interact directly with buyers. We argue that by operating a third-party marketplace, the retailer gains an edge over manufacturers in the negotiation process. This insight can help explain why other major retailers-such as Walmart and Sears-have also launched similar third party platforms. The manufacturers, who are worse off when retailers open third-party marketplaces, should attempt to limit sales through such retailers’ third-party platforms. Indeed, we observe a growing number of firms who ban sales of their products on third-party marketplaces or threaten to completely stop dealing with dual-format retailers like Amazon.

With Harish Krishnan (UBC) and Tirtha Dhar (UOIT). Production and Operations Management, 23(11): 1937-1949.

 

 

 

 

amazon-slide

 

Can the emergence of peer-to-peer (P2P) marketplaces benefit retailers and their suppliers?
 Consumers frequently face valuation uncertainty as goods they purchase may be deemed inappropriate or below expectations. Due to this uncertainty, consumers may avoid purchasing such goods and consequently hurt retailers. On the one hand, P2P marketplaces can mitigate some of this uncertainty by allowing consumers to trade mismatched goods. On the other hand, P2P marketplaces impose a threat as they compete with retailers and their suppliers over consumers. We show that a profit-maximizing P2P marketplace benefits retailers and suppliers when the product’s unit cost is sufficiently high but hurts them otherwise.

With Lifei Jian and Stan Dimitrov (UW). Production and Operations Management, (forthcoming).
ebay logo

 

What is the impact of price prediction websites on transacted prices?
Recently, Kayak has introduced its fare prediction tool, following the lead of Farecast. Such websites provide consumers with valuable information about future fluctuation of prices: the magnitude and probability of these fare changes in the ensuing seven days. Such information supports strategic consumer behavior. That is, consumers can make a conscious decision whether to purchase right now or to wait in expectation for a lower price. Our empirical estimations using US airfare data reveals an impact of about 4% on transacted airfares. Importantly, the effect is not limited to lower fare percentiles: even higher fare percentiles experience a drop in fares once fare prediction information becomes available.

With Eran Rubin. Marketing Science, 35 (4): 640 – 655.
Kayak logoFarecast logo

 

Airports: To privatize or not?
Airports are increasingly being privatized by governments. As of 2013, 36 out of the 100 major airports have been fully or partially privatized. Airports operate in a network: to complete a trip one must use at least two airports. How does this complementarity effect the decision to privatize airports? Airport complementarity may induce governments to privatize their airports as a mechanism to induce welfare gravitation. A private operator can extract more revenue from passengers – both domestic and foreign. The revenue from the latter can gravitate welfare from the country with public airport to the country with the private airport. In equilibrium, both countries privatize their airports only to end up in an inferior equilibrium…

Published in Transportation Research Part B

In a related stream of papers, along with David Gillen, we explore the role and importance of airport concession revenues in the privatization decisions.

Published in Transportation Research Part E and in Journal of Transport Economics and Policy
 Welfare Gravitation

Journal publications

2016

Kremer, M., B. Mantin, and A. Ovchinnikov. Dynamic pricing in the presence of strategic consumers. Production and Operations Management (forthcoming).

Kremer, M., B. Mantin, and A. Ovchinnikov. Dynamic Pricing in the Presence of Strategic Consumers: Theory and Experiment. Production and Operations Management (accepted July 2016).

Jiang, L., S. Dimitrov, and B. Mantin. P2P Marketplaces and Retailing in the Presence of Consumers’ Valuation Uncertainty. Economics of Transportation, 4(4): 189-199.

Mantin, B. and E. Rubin. 2015. Fare Prediction Websites and Transaction Prices: Empirical Evidence from the Airline Industry.  Marketing Science, 35 (4): 640 – 655.

2015

Lin, M.H. and B. Mantin. Airport Privatization in International Inter-Hub and Spoke Networks. Economics of Transportation, forthcoming.

Adler, N. and B. Mantin. Airline Contracts, Government Regulation and the International Airline Market. Economics of Transportation, 4(4): 189-199.

2014

Yang, L., S. Dimitrov, and B. Mantin. 2014. Forecasting sales of new virtual goods with the Elo rating system. Journal of Revenue and Pricing Management, 13: 457-469.

Gillen, D. and B. Mantin. 2014. Pricing strategies for congested multi-sided airport markets. Transportation Research Part E: Logistics and Transportation Review, 68: 164-167.

Zschocke, M., B. Mantin, and E. Jewkes. 2014. The Effect of Competition on R&D Portfolio Investments. Production and Operations Management, 23 (8): 1439-1449.

2013

Mantin, H. Krishnan, and T. Dhar. 2013. Bargaining in Dual-Format Retailing. Production and Operations Management, 23(11): 1937-1949.

Liu, J. (Hohai University, Nanjing), B. Mantin, and H. Wang (Southeast University, Nanjing). 2013. Supply Chain Coordination with Customer Returns using Buyback Policy. International Journal of Production Economics, 148: 81-89.

Zschocke, M., B. Mantin, and E. Jewkes. 2013. Mature or emerging markets: Competitive duopoly investment decisions. European Journal of Operational Research, 228(3): 612-622.

Gillen, D. and B. Mantin. 2013. Transportation Infrastructure Management: One-and Two-Sided Market Approaches. Journal of Transport Economics and Policy, 47(2): 207-227.

2012

B. Mantin. 2012. Airport Complementarity: Private vs. Government Ownership and Welfare Gravitation, Transportation Research Part B, 46: 381-388.

Zschocke, M., B. Mantin, and E. Jewkes. 2012. Competitive Project Portfolio Management: When, where and how much to invest. IEEE Transaction on Engineering Management, 60(1): 88-98.

Mantin, B. and E. Wang. 2012. Determinants of Profitability and recovery from shocks: the case of the U.S. domestic Airline Industry, Journal of Airline and Airport Management, 2(1), 1 – 33.

Rubin, E. and B. Mantin, B. 2012. Online Decision Aids and Airfare Pricing, Electronic Commerce Research and Applications, 11(2), 159 -170.

2011

Mantin, B. and D. Gillen. 2011. The Hidden Information Content of Price Movements, European Journal of Operational Research, 211(2): 385-393.

Mantin, B., D. Granot and F. Granot. 2011. Dynamic Pricing under First Order Markovian Competition, Naval Research Logistics, 58: 608-618.

2010

Mantin, B. and B. Koo. 2010. Weekend effect in airfare pricing, Air Transport Management, 16: 48-50.

Almehdawe, E. and B. Mantin. 2010. Vendor Managed Inventory with a Capacitated Manufacturer and Multiple Retailers: Retailer versus Manufacturer Leadership, International Journal of Production Economics, 128(1): 292-302.

2009

Mantin, B. and B. Koo. 2009. Dynamic Price Dispersion in Airline Markets, Transportation Research Part E: Logistics and Transportation Review, 45: 1020-1029.

Gillen, D. and B. Mantin. 2009. Price Volatility in the Airline Markets, Transportation Research Part E: Logistics and Transportation Review, 45: 693-709.

Koo, B., B. Mantin, and P. O’Connor. 2009. Online distribution of airline tickets: Should airlines adopt a single or a multi-channel approach?, Tourism Management. 32(1): 69-74.

2004

Mantin, B. and A. Tishler. 2004. The Structure of the Defence Industry and the Security Needs of the Country: a Differentiated Products Model, Defence and Peace Economics, Volume 15, Issue 5, pp. 397-419.

 

 

Student supervision

PhD

Jian Liu (co-supervised with H. Wang), Her research focuses on consumers’ valuation uncertainty and return in the context of supply chain management.
Mark Zschocke (PhD): Competitive Project Portfolio Management. Mark has explored how competition is affecting PPM decisions. Supported by the NSERC doctoral scholarship and by the MITACS Accelerate Award.

 

Master

2014

Shengling Wu (MMSc), Worked on the NSERC/Engage project with Tangam Gaming Inc: A Dynamic Pricing and Revenue Management Algorithm for a Ride-Share Commuting System.

Lifei Jiang (co-supervised with S. Dimitrov), (MASc), P2P marketplaces and retailing in the presence of mismatch risk

Lin Yang (co-supervised with S. Dimitrov), (MASc), Pricing Virtual Goods: Using Intervention Analysis and Products’ Usage Data.
This work was part of an NSERC/Engage project with Antic Entertainment.

2012

Patricia Ann Theresa Josefchak (MMSc), Offsets and Public Procurement

Zdzislaw Wapiennik (MASc), Ascertaining the Effects of Malevolent Acts in Developing Market on the Stock Returns of Firms Operating in Those Markets.
Julian Siegmund and Lars Gehrke (exchange students from Technical University Braunschweig ), Development of a Solution for the Calculation of Needed Material for the Beaming Operation at .
2011
Ray Ramasra (MASc):  Inventory Decisions for the Price Setting Retailer: Extensions to the EOQ Setting (2011).

Yinhan Meng Melinda (MASc): Dynamic pricing under demand uncertainty in the presence of strategic consumers (2011).

Eun Mi Olive Lee (MASc): Dynamic Pricing in The Presence of Strategic Consumers with Product and Intertemporal Substitution (2011).
Mehrdad Varedi (MASc): “Forecasting seat sales in passenger airlines: introducing the round-trip model” (2010). Now working for .

2009
Jen-Hung Edward Wang (MASc): “Determinants of Profitability and Recovery from Shocks: the case of the U.S. domestic Airline Industry” (2009). Now working for  on their revenue management systems.

Invited Talks (since 2008)

  • Overhauling MSCI 100 Using a longitudinal backbone case, Engineering Integrative Learning, University of Waterloo, March 2015.
  • Fare Prediction Websites and Transaction Prices: Empirical Evidence from the Airline Industry.

UC Irvine LogoUC Irvine, Department of Economics, November 2014

 

  • Fare Prediction Websites and Transaction Prices: Empirical Evidence from the Airline Industry.

Institute of Air Transport and Airport Research, Cologne, Germany, August 2014.

  • Do Fare Prediction Websites Influence Transaction Prices? Empirical Evidence from the Airline Industry.

WLU logo -- WLU, SCM series, January 2014.

  • Strategic Consumer, Myopic Retailers.

University of Cologne. August 2013.

  • Airline Contracts, Government Regulation and the International Airline Market.

Anti-Trust Authority, Jerusalem, Israel, July 2013.

  • Airline Contracts, Government Regulation and the International Airline Market.

The Civil Aviation Authority, Airport City, Israel, July 2013.

  • Airline Contracts, Government Regulation and the International Airline Market.

University of Tokyo, December 2012.

  • Pricing strategies for congested multi-sided airport markets.

The University of Kyoto, December 2012

  • Pricing strategies for congested multi-sided airport markets.

The University of Tokyo, December 2012

  • Airline Contracts, Government Regulation and the International Airline Market.

University of Cologne. June 2012.

  • Airline Contracts, Government Regulation and the International Airline Market.

Worms University of Applied Sciences. June 2012.

  • Bargaining in Dual-Format Retailing, Richard Ivey School of Business.

University of Western Ontario, March 2012.

  • Bargaining in Dual-Format Retailing.

PSI conference, Park City, February 2011.

  • Airport Governance and Regulation: Airports as One and Two-Sided Markets.

  UBC, Vancouver, May 2010.

  • Dynamic pricing in the presence of strategic and store-switching consumers.

University of Toronto, January 2009.

  • On Price Volatility in the Airline Industry

The Hebrew University of Jerusalem, December 14, 2008.

  • On Dynamic Pricing in the Airline Industry, Dept. of Management Sciences.

University of Waterloo, September 22, 2008.

Theses

PhD, Management Science, Sauder School of Business, University of British Columbia (2002 – 2008)

M.Sc., Management Science – Decisions and Operations Research, Leon Recanati Graduate School of Business Administration, Tel Aviv University (2000-2002)

B.Sc., Industrial Engineering, Faculty of EngineeringTel Aviv University (1993-1997)

PhD Thesis
“On the Effect of Competition and Strategic Consumer Behavior in Revenue Management”, UBC, 2008.