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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：Hoberg, Gerard; Moon, S. Katie
作者单位：University of Southern California; University of Colorado System; University of Colorado Boulder
摘要：We use 10-K filings to construct novel text-based measures of the extent to which U.S. firms are exposed to three offshore activities: the sale of output, purchase of input, and ownership of producing assets. Our main result is that selling output abroad is associated with higher stock returns, especially when output is sold to more central nations in the real trade network. In contrast, offshore input serves as a hedge. Our findings are consistent with the conclusion that aggregate quantity s...
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作者：Huang, Ximin (Natalie); Atasu, Atalay; Toktay, L. Beril
作者单位：University of Minnesota System; University of Minnesota Twin Cities; University System of Georgia; Georgia Institute of Technology
摘要：We analyze product design implications of extended producer responsibility (EPR)-based take-back legislation on durable goods. In particular, we observe that durable product design incentives under EPR may involve an inherent trade-off that has not been explored to date: Durable goods producers can respond to EPR by making their products more recyclable or more durable, where the former decreases the unit recycling cost and the latter reduces the volume the producer has to recycle. When these ...
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作者：Antle, Rick; Bogetoft, Peter
作者单位：Yale University; Copenhagen Business School
摘要：In most organizations, the agent has superior information about the relative costs of different products or activities. This handicaps the principal when the principal seeks to adjust the product mix. Our main conceptual finding is that there is mix stickiness. The agent's superior information about the relative costs of different products or activities leads to an advantage for the status quo; that is, there is inertia (or stickiness) in the mix of products or activities pursued. The historic...
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作者：Feng, Qi; Jia, Justin; Shanthikumar, J. George
作者单位：Purdue University System; Purdue University
摘要：As multisourcing becomes a widely adopted strategy in dynamic procurement planning, firms inevitably source from suppliers with dependent material flows, and such supply dependence, created by common second-tier suppliers or a common economic environment, is often positive. We show that firms can experience significant profit loss when implementing a policy computed based on a model that ignores the dependence among suppliers' stochastic material flows. The profit loss is particularly signific...
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作者：Li, Hui
作者单位：Carnegie Mellon University
摘要：This paper studies intertemporal price discrimination (IPD) with complementary products in the context of e-readers and e-books. Using individual-level data (2008-2012), I estimate a dynamic demand model for e-reader adoption and subsequent book quantity, reading format, and retailer choices in several book genres. I use the estimates to simulate a monopolist's optimal dynamic pricing strategies when facing forward-looking consumers. The results illustrate how skimming/penetration pricing ince...
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作者：Cappelen, Alexander W.; Luttens, Roland Iwan; Sorensen, Erik O.; Tungodden, Bertil
作者单位：Norwegian School of Economics (NHH); Vrije Universiteit Amsterdam
摘要：The pari passu principle of awarding claimants proportionally to their pre-insolvency claims is the most prominent principle in the law of insolvency. We report from a lab experiment designed to study whether people find this principle a fair solution to the bankruptcy problem. The experimental design generates situations where participants work and accumulate claims in firms, some of which subsequently go bankrupt. Third-party arbitrators are randomly assigned to determine how the liquidation...
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作者：Andrei, Daniel; Carlin, Bruce; Hasler, Michael
作者单位：University of California System; University of California Los Angeles; University of Toronto
摘要：We study an economy with incomplete information in which two agents are uncertain and disagree about the length of business cycles. That is, the agents do not question whether the economy is growing or not, but instead continuously estimate how long economic cycles will last-i.e., they learn about the persistence of fundamentals. Learning about persistence generates high and persistent stock return volatility mostly during recessions, but also (to a smaller extent) during economic booms. Disag...
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作者：Bimpikis, Kostas; Ehsani, Shayan; Ilkilic, Rahmi
作者单位：Stanford University; Stanford University; Universidad de Chile
摘要：The paper considers a model of competition among firms that produce a homogeneous good in a networked environment. A bipartite graph determines which subset of markets a firm can supply to. Firms compete A la Cournot and decide how to allocate their production output to the markets they are directly connected to. We provide a characterization of the production quantities at the unique equilibrium of the resulting game for any given network. Our results identify a novel connection between the e...
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作者：Chu, Yongqiang; Tian, Xuan; Wang, Wenyu
作者单位：University of South Carolina System; University of South Carolina Columbia; Tsinghua University; Indiana University System; IU Kelley School of Business; Indiana University Bloomington
摘要：In this paper, we document a positive effect of supplier-customer geographic proximity on supplier innovation. To establish causality, we explore plausibly exogenous variation in proximity caused by customer relocations. The positive effect of supplier-customer proximity on supplier innovation is stronger when customers are more innovative themselves, when suppliers and customers are closer in technological space, and when customers' demand accounts for a larger fraction of suppliers' total sa...
