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作者：Hellmann, Thomas; Thiele, Veikko
作者单位：University of Oxford; Queens University - Canada
摘要：Governments across the globe are eager to foster entrepreneurial ecosystems, yet there is no consensus on what policies to use. We develop a theory about the equilibrium consequences of two canonical types of entrepreneurship policies: policies that encourage entrepreneurs to found new ventures and policies that encourage investors to fund new ventures. We distinguish between a short-term impact on current market activity versus a long-term impact on future activity. Investing in entrepreneuri...
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作者：Chehrazi, Naveed; Glynn, Peter W.; Weber, Thomas A.
作者单位：University of Texas System; University of Texas Austin; Stanford University; Swiss Federal Institutes of Technology Domain; Ecole Polytechnique Federale de Lausanne
摘要：Based on a dynamic model of the stochastic repayment behavior exhibited by delinquent credit-card accounts in the form of a self-exciting point process, a bank can control the arrival intensity of repayments using costly account-treatment actions. A semi-analytic solution to the corresponding stochastic optimal control problem is obtained using a recursive approach. For a linear cost of treatment effort, the optimal policy in the two-dimensional (intensity, balance) space is described by the f...
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作者：Gallani, Susanna; Krishnan, Ranjani; Marinich, Eric J.; Shields, Michael D.
作者单位：Harvard University; Michigan State University; University System of Ohio; Miami University
摘要：This study examines the effect of psychological contract breach on budgetary misreporting. Psychological contracts are mental models or schemas that govern how employees understand their exchange relationships with their employers. Psychological contract breach leads to feelings of violation and can occur even when employees' economic contracts are fulfilled. We study the effects of psychological contract breach on three common types of employee participation in budgeting that differ in the de...
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作者：Glazer, Jacob; Rubinstein, Ariel
作者单位：Tel Aviv University; University of Warwick; Tel Aviv University; New York University
摘要：A problem solver (PS) is an agent who when interacting with other agents does not put himself in their shoes but rather chooses a best response to a uniform distribution over all possible configurations consistent with the information he receives about the other agents' moves. We demonstrate the special features of a PS by analyzing a modified coordination game. In the first stage, each of the other participants-who are treated as conventional players-chooses a location. The PS then receives s...
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作者：Green, Etan A.; Rao, Justin M.; Rothschild, David
作者单位：University of Pennsylvania; Microsoft
摘要：To what extent does expertise depend on context? We observe professionals perform a task that is logically isomorphic to-but contextually distinct from-a familiar task in which they are skilled. We find that performance plummets when contextual cues disappear, suggesting that the expertise we observe on the familiar task is more heuristic than conceptual and does not travel far.
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作者：Kim, Keehyung; Chung, Kevin; Lim, Noah
作者单位：Chinese University of Hong Kong; University of Wisconsin System; University of Wisconsin Madison; National University of Singapore
摘要：This paper seeks to understand the relational factors that may affect the decisions of both third-party raters and service providers in a setting where service providers compete with one another. We employ laboratory economics experiments to examine how removing anonymity and allowing for repeated interactions between the rater and the service provider impact both the ratings assigned by the rater and the quality levels expended by the service provider. Our methodology enables us to observe th...
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作者：Jago, Arthur S.; Laurin, Kristin
作者单位：Stanford University; University of British Columbia
摘要：Organizations often implement changes that can signal their values. However, the most objectively efficient changes do not necessarily serve as the best signals. Across seven experiments, we investigate how different rates of transition influence people's perceptions of how committed organizations are to the values underlying changes or improvements. We find that slower, less efficient transitions signal greater commitment compared with faster, more efficient transitions that reach otherwise i...
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作者：Rhodes, Andrew; Zhou, Jidong
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; Yale University
摘要：A puzzling feature of many retail markets is the coexistence of large multiproduct firms and smaller firms with narrow product ranges. This paper provides a possible explanation for this puzzle, by studying how consumer search frictions influence the structure of retail markets. In our model, single-product firms that supply different products can merge to form a multiproduct firm. Consumers wish to buy multiple products and, due to search frictions, value the one-stop shopping convenience ass...
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作者：Bimpikis, Kostas; Crapis, Davide; Tahbaz-Salehi, Alireza
作者单位：Stanford University; Northwestern University
摘要：This paper studies the strategic interaction between a monopolistic seller of an information product and a set of potential buyers that compete in a downstream market. The setting is motivated by information markets in which (i) sellers have the ability to offer information products of different qualities and (ii) the information product provides potential buyers not only with more precise information about the fundamentals, but also with a coordination device that can be used in their strateg...
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作者：Hwang, Byoung-Hyoun; Liu, Baixiao; Xu, Wei
作者单位：Cornell University; Korea University; State University System of Florida; Florida State University; Peking University; Peking University Shenzhen Graduate School (PKU Shenzhen)
摘要：We propose that hedge funds more aggressively buy underpriced stocks when they are allowed to short. To test our proposition, we utilize the institutional feature in Hong Kong in virtue of which only stocks added to a special list can be shorted. Our first-stage analysis uses hedge fund holdings data and provides evidence that the emergency of shortable securities, indeed, causes hedge funds to more aggressively buy seemingly underpriced stocks. Our second-stage analysis presents evidence that...
