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作者：Choe, Chongwoo; Matsushima, Noriaki; Shekhar, Shiva
作者单位：Monash University; University of Osaka; Tilburg University
摘要：We study the General Data Protection Regulation (GDPR)'s opt-in requirement in a model with a firm that provides a digital service and consumers who are heterogeneous in their valuations of the firm's service and the privacy costs incurred when sharing personal data with the firm. We show that the GDPR boosts demand for the service by allowing consumers with high privacy costs to buy the service without sharing data. The increased demand leads to a higher price but a smaller quantity of shared...
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作者：Farahani, Mehdi H.; Dawande, Milind; Janakiraman, Ganesh; Wang, Shouqiang
作者单位：University of Houston System; University of Houston; University of Texas System; University of Texas Dallas
摘要：Agricultural open burning, that is, the practice of burning crop residue in harvested fields to prepare land for sowing a new crop, is well recognized as a significant contributor to CO2 and black-carbon emissions, and long-term climate change. Low-soiltillage practices using an agricultural machine called the Happy Seeder, which can sow the new seed without removing the previous crop residue, have emerged as the most effective alternative to open burning. However, given the limited supply of ...
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作者：Xu, Linli; Wei, Yanhao (Max); Zhu, Yi
作者单位：University of Minnesota System; University of Minnesota Twin Cities; University of Southern California
摘要：Two-sided platforms (e.g., ride-sharing, freelance labor, and lodging) match customers and service providers. Customers can voice their satisfaction level through review/rating systems, which the platforms use to monitor and screen service providers. However, customers may misdirect complaints about platform-level features toward individual service providers. We examine the extent and consequences of this issue in the context of a large ride-sharing platform. We focus on surge pricing as the p...
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作者：Chen, David; Chen, Ruoran; Wang, Rowan; Wang, Xuan
作者单位：The Chinese University of Hong Kong, Shenzhen; Southwest Jiaotong University; Southern University of Science & Technology; Hong Kong University of Science & Technology
摘要：We study service systems with parallel servers and random customer arrivals and focus on the waiting cost of customers. Using a Markov decision process (MDP) modeling approach, we analytically characterize the structures of the optimal dynamic server assignment policies for two important systems, one consisting of multiple homogeneous servers and two classes of customers and the other consisting of two heterogeneous servers and multiple classes of customers. Based on the obtained results, we p...
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作者：Gu, Zheyin (Jane); Zhao, Xuying; Wu, D. J.
作者单位：University of Connecticut; Texas A&M University System; Texas A&M University College Station; University System of Georgia; Georgia Institute of Technology
摘要：Shoppertainment live streaming, a blend of entertainment and product selling, is becoming increasingly popular. In shoppertainment sessions, streamers face bandwidth constraints so balance between providing product information and entertainment (such as singing, dancing, and storytelling). We conceptualize a shoppertainment live streamer as a novel type of online retail platform that maximizes total commissions from selling a range of manufacturer products. Our study investigates how streamers...
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作者：Candogan, Ozan; Gurkan, Huseyin
作者单位：University of Chicago
摘要：This paper studies an information design problem of a retailer in a two-tier supply chain that procures a single type of product from a supplier. The supplier needs to decide on a production quantity by balancing the shortage cost and the excess inventory holding cost with respect to the retailer's demand. The retailer's demand is random, but the retailer receives an informative signal about the demand before the supplier sets the production quantity and places orders after learning the demand...
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作者：Chen, Huaizhi; Cohen, Lauren; Liu, Weiling
作者单位：University of Notre Dame; Harvard University; National Bureau of Economic Research; Northeastern University
摘要：Ninety-five percent of long-term municipal bonds have callable features, and yet, we find new evidence of a substantial fraction of local governments exercising these valuable options suboptimally, with significant delays-resulting in sizable losses. Using data from 2001 to 2019, we estimate that U.S. municipals lost over $26 billion from delayed refinancing, whereas the entire U.S. corporate sector, facing the same low interest-rate environment, lost only a comparatively modest $1.4 billion. ...
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作者：Mayya, Raveesh; Viswanathan, Siva
作者单位：New York University; University System of Maryland; University of Maryland College Park
摘要：In response to users' evolving desire for choice and control over their personal data, numerous platforms across sectors have been updating privacy policies. Unlike public regulations that mandate uniform compliance, many platforms grant a more flexible time window for complementors to adopt privacy policies. Although several studies have examined the impact of privacy policies, the consequences of delayed policy adoption under time flexibility remain largely unexplored. This study is among th...
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作者：Deck, Cary; Huang, Rachel J.; Tzeng, Larry Y.; Zhao, Lin
作者单位：University of Alabama System; University of Alabama Tuscaloosa; Chapman University System; Chapman University; National Central University; National Taiwan University; Southwestern University of Finance & Economics - China
摘要：Although the importance of the second-order Arrow-Pratt coefficients of risk aversion is well established, the importance of higher-order risk attitudes has only recently begun to be recognized. In this paper, we introduce a nonparametric approach to directly measure higher-order Arrow-Pratt coefficients of risk aversion in an expected utility framework using choices between compound lotteries and show how it can be easily implemented in behavioral studies. Specifically, we provide a theoretic...
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作者：Tian, Feng; Astashkina, Ekaterina; Duenyas, Izak
作者单位：University of Hong Kong; University of Michigan System; University of Michigan
摘要：We consider a stylized incentive management problem over an infinite time horizon, where the principal hires an agent to provide services to customers. Customers request service in one of two ways: either via an online or a traditional offline channel. The principal does not observe the offline customers' arrivals, nor does she observe whether the agent exerts (costly) effort that can increase the arrival rate of customers. This creates an opportunity for the agent (i) to divert cash (that is,...
