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作者：Kruse, Thomas; Schneider, Judith C.; Schweizer, Nikolaus
作者单位：Justus Liebig University Giessen; Leuphana University Luneburg; University of Munster; Tilburg University
摘要：This paper assembles a toolkit for the assessment of model risk when model uncertainty sets are defined in terms of an F-divergence ball around a reference model. We propose a new family of F-divergences that are easy to implement and flexible enough to imply convincing uncertainty sets for broad classes of reference models. We use our theoretical results to construct concrete examples of divergences that allow for significant amounts of uncertainty about lognormal or heavy-tailed Weibull refe...
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作者：Ban, Gah-Yi; Keskin, N. Bora
作者单位：University System of Maryland; University of Maryland College Park; Duke University
摘要：We consider a seller who can dynamically adjust the price of a product at the individual customer level, by utilizing information about customers' characteristics encoded as a d-dimensional feature vector. We assume a personalized demand model, parameters of which depend on s out of the d features. The seller initially does not know the relationship between the customer features and the product demand but learns this through sales observations over a selling horizon of T periods. We prove that...
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作者：Boudreau, Kevin J.
作者单位：Northeastern University
摘要：A platform might have the potential to bring enormous value to its users. However, without a well-orchestrated launch strategy that coordinates a sufficient number of users onto the platform, this potential will not be realized. The theoretical literature predicts that one approach to coordinating platform take-off is to influence the market's subjective focal expectations of the future installed base of users. This paper reports on a field experiment investigating the causal role of subjectiv...
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作者：Chen, Ningyuan; Elmachtoub, Adam N.; Hamilton, Michael L.; Lei, Xiao
作者单位：University of Toronto; Columbia University; Columbia University; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
摘要：In the online video game industry, a significant portion of the revenue is generated from microtransactions, where a small amount of real-world currency is exchanged for virtual items to be used in the game. One popular way to conduct microtransactions is via a loot box, which is a random allocation of virtual items whose contents are not revealed until after purchase. In this work, we consider how to optimally price and design loot boxes from the perspective of a revenue-maximizing video game...
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作者：Chakravarthy, Jivas; McDermott, Katie E.; White, Roger M.
作者单位：University of Texas System; University of Texas Arlington; University of Virginia; Arizona State University; Arizona State University-Tempe
摘要：Prior research proposes that a monopolist with private information inflates its reported costs under rate regulation to extract an informational rent. Using a sample of U.S. electric utilities from 1990-2011, we first confirm an unexpected increase in operating expense during rate review periods, then decompose operating expense into its cash and accrual components, and find the cash component accounts for 89% of this increase. The observed pattern is consistent with some combination of real a...
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作者：Gopalakrishnan, Sanjith; Granot, Daniel; Granot, Frieda; Sosic, Greys; Cui, Hailong
作者单位：McGill University; University of British Columbia; University of Southern California; University of Minnesota System; University of Minnesota Twin Cities
摘要：Because greenhouse-gas (GHG) emissions from the supply chains of just the 2,500 largest global corporations account for more than 20% of global emissions, rationalizing emissions in supply chains could make an important contribution toward meeting the global CO2 emission-reduction targets agreed upon in the 2015 Paris Climate Agreement. Accordingly, in this paper, we consider supply chains with joint production of GHG emissions, operating under either a carbon-tax regime, wherein a regulator l...
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作者：Luca, Michael; Reshef, Oren
作者单位：Harvard University; Washington University (WUSTL)
摘要：Although a business's reputation can affect its pricing, prices can also affect its reputation. To explore the effect of prices on reputation, we investigate daily data on menu prices and online ratings from a large rating and ordering platform. We find that a price increase of 1% leads to a decrease of 3%-5% in the average rating. Consistent with this, the overall distribution of ratings for cheaper restaurants is similar to that of more expensive restaurants. Finally, these effects do not se...
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作者：Aouad, Ali; Segev, Danny
作者单位：University of London; London Business School; University of Haifa
摘要：We introduce a new optimization model, dubbed the display optimization problem, that captures a common aspect of choice behavior, known as the framing bias. In this setting, the objective is to optimize how distinct items (corresponding to products, web links, ads, etc.) are being displayed to a heterogeneous audience, whose choice preferences are influenced by the relative locations of items. Once items are assigned to vertically differentiated locations, customers consider a subset of the it...
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作者：Sunar, Nur; Tu, Yichen; Ziya, Serhan
作者单位：University of North Carolina; University of North Carolina Chapel Hill; University of North Carolina School of Medicine; University of North Carolina; University of North Carolina Chapel Hill; University of North Carolina School of Medicine
摘要：It is generally accepted that operating with a combined (i.e., pooled) queue rather than separate (i.e., dedicated) queues is beneficial because pooling queues reduces long-run average sojourn time. In fact, this is a well-established result in the literature when jobs cannot make decisions and servers and jobs are identical. An important corollary of this finding is that pooling queues improves social welfare in the aforementioned setting. We consider an observable multiserver queueing system...
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作者：Mirzaeian, Neda; Cho, Soo-Haeng; Scheller-Wolf, Alan
作者单位：Carnegie Mellon University
摘要：Y We investigate the effects of autonomous vehicles (AVs) on highway congestion. AVs have the potential to significantly reduce highway congestion because they can maintain smaller intervehicle gaps and travel together in larger platoons than human-driven vehicles (HVs). Various policies have been proposed to regulate AV travel on highways, yet no in-depth comparison of these policies exists. To address this shortcoming, we develop a queueing model for a multilane highway and analyze two polic...
