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作者：Demere, B. William; Sedatole, Karen L.; Woods, Alexander
作者单位：University of Missouri System; University of Missouri Columbia; Emory University; William & Mary
摘要：We provide the first empirical evidence of the role that calibration committees play in subjective performance evaluation systems. Using proprietary data from a large multinational organization, we begin by showing that calibration committees adjust ratings sparingly (i.e., 25% adjustment rate), but when they do, downward adjustments are significantly more frequent and of greater magnitude than upward adjustments. Calibration committees tend to downward (upward) adjust ratings of supervisors w...
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作者：Cabral, Luis; Pacheco-de-Almeida, Goncalo
作者单位：New York University; Centre for Economic Policy Research - UK; Hautes Etudes Commerciales (HEC) Paris
摘要：We consider the formation of alliances that potentially create complementarities, that is, when the value function is supermodular in firm resources. We show that, in a frictionless world where information is perfect and managers optimize, firm alliances disproportionately increase the value of high-resource-level firms, resulting in higher variance and higher skewness of the distribution of firm value; moreover, higher-value alliances are subject to regression to the mean at a faster rate. Th...
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作者：Ghose, Anindya; Li, Beibei; Liu, Siyuan
作者单位：New York University; Carnegie Mellon University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：Rapid improvements in the precision of mobile technologies now make it possible for advertisers to go beyond real-time static location and contextual information on consumers. In this paper we propose a novel trajectory-based targeting strategy for mobile recommendation that leverages detailed information on consumers' physical-movement trajectories using fine-grained behavioral information from different mobility dimensions. To analyze the effectiveness of this new strategy, we designed a lar...
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作者：Hagiu, Andrei; Wright, Julian
作者单位：Boston University; National University of Singapore
摘要：We provide a new theory of ad valorem contracts (i.e., contracts that vary with the value of the transaction), which can explain why such contracts are widely used between vertically related parties (e.g., in franchising and licensing). Ad valorem contracts allow upstream firms (principals) to preserve their own incentives to make ongoing investments in the channel and deal with pricing distortions caused by channel coordination problems, while at the same time adjusting their investment on th...
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作者：Alempaki, Despoina; Canic, Emina; Mullett, Timothy L.; Skylark, William J.; Starmer, Chris; Stewart, Neil; Tufano, Fabio
作者单位：University of Warwick; University of Warwick; University of Cambridge; University of Nottingham
摘要：In a paper published in Management Science in 2015, Stewart, Reimers, and Harris (SRH) demonstrated that shapes of utility and probability weighting functions could be manipulated by adjusting the distributions of outcomes and probabilities on offer as predicted by the theory of decision by sampling. So marked were these effects that, at face value, they profoundly challenge standard interpretations of preference theoretic models in which such functions are supposed to reflect stable propertie...
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作者：Aprahamian, Hrayer; Bish, Douglas R.; Bish, Ebru K.
作者单位：Texas A&M University System; Texas A&M University College Station; Virginia Polytechnic Institute & State University
摘要：Group testing (i.e., testing multiple subjects simultaneously with a single test) is essential for classifying a large population of subjects as positive or negative for a binary characteristic (e.g., presence of a disease). We study optimal group testing designs under subject-specific risk characteristics and imperfect tests, considering classification accuracy-, efficiency- and equity-based objectives, and characterize important structural properties of optimal testing designs. These propert...
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作者：Choi, Jaewon; Shachar, Or; Shin, Sean Seunghun
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; Federal Reserve System - USA; Federal Reserve Bank - New York; Aalto University
摘要：We examine dealers' liquidity provision against mispricing in the corporate bond market from 2005 to 2009. Dealers on average serve as stabilizing liquidity providers by trading against widening price gaps between corporate bonds and credit default swaps (the CDS-bond basis). However, dealers cut back on liquidity provision as they suffer losses, mispricing becomes wider, or the funding situation worsens, consistent with the limited capital capacity of financial intermediaries. We also show th...
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作者：Gao, George P.; Lu, Xiaomeng; Song, Zhaogang
作者单位：Shanghai Jiao Tong University; Johns Hopkins University
摘要：We show that the beta with respect to an index of global ex ante tail risk concerns (GRIX), which we construct using out-of-the-money options on multiple global assets, negatively drives cross-sectional return variations across asset classes, including international equity indices, foreign currencies, and government bond futures. The pricing power of GRIX becomes stronger when more asset-class-level tail risk concerns are incorporated in the index construction. GRIX also dominates asset-class-...
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作者：Batt, Robert J.; Gallino, Santiago
作者单位：University of Wisconsin System; University of Wisconsin Madison; Dartmouth College
摘要：The rise in online and multichannel retailing has pushed retailers to give increased attention to their order-fulfillment operations. We study chaotic storage fulfillment systems in which dissimilar items are stored together in a single location. This necessitates a searching task as part of the picking process, which has not been previously studied. We show that pick times increase by as much as 16% as the searching task becomes more difficult. However, the deleterious effect of searching dec...
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作者：Adida, Elodie; Bravo, Fernanda
作者单位：University of California System; University of California Riverside; University of California System; University of California Los Angeles
摘要：This work focuses on the business-to-business interaction between a service requester and a service provider in a healthcare environment. The requester is the primary caregiver responsible for managing the health of a population of patients. When a patient requires advanced care outside of the requester's expertise, the requester refers the patient to a provider and pays for the referral services. Treatment may succeed or fail, and in the case of failure, the requester incurs further follow-up...
