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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...
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作者：Dey, Debabrata; Kim, Antino; Lahiri, Atanu
作者单位：University of Washington; University of Washington Seattle; Indiana University System; IU Kelley School of Business; Indiana University Bloomington; University of Texas System; University of Texas Dallas
摘要：Controlling digital piracy has remained a top priority for manufacturers of information goods, as well as for many governments around the world. Among the many forms taken by digital piracy, we focus on an increasingly common one-namely, online piracy-that is facilitated by torrent sites and cyberlockers who bring together consumers of pirated content and its suppliers. Motivated by recent empirical literature that makes a clear distinction between antipiracy efforts that restrict supply of pi...
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作者：Kamali, Michael F.; Tezcan, Tolga; Yildiz, Ozlem
作者单位：University of Rochester; University of London; London Business School; University of Virginia
摘要：We study triage decisions in emergency departments (EDs) and provide a general procedure for determining when to apply provider triage (PT) based on operational and financial considerations using a steady-state, many-server fluid approximation. We then apply the proposed method in the setting of a teaching hospital's ED and obtain closed-form expressions for the range of arrival rates for which PT outperforms the traditional nurse triage economically. We show that the proposed solution methodo...
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作者：Wu, Chenguang (Allen); Bassamboo, Achal; Perry, Ohad
作者单位：Northwestern University; Hong Kong University of Science & Technology; Northwestern University
摘要：Motivated by recent empirical evidence, we consider a large service system in which the patience time of each customer depends on his service requirement. Our goal is to study the impact of such dependence on key performance measures, such as expected waiting times and average queue length, as well as on optimal capacity decisions. Since the dependence structure renders exact analysis intractable, we employ a stationary fluid approximation that is based on the entire joint distribution of the ...
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作者：Dong, Xi; Feng, Shu; Sadka, Ronnie
作者单位：City University of New York (CUNY) System; Baruch College (CUNY); Clark University; Boston College
摘要：This paper demonstrates that the ability of fund managers to create value depends on market liquidity conditions, which in turn introduces a liquidity risk exposure (beta) for skilled managers. We document an annual liquidity beta performance spread of 4% in the cross section of mutual funds over the period 1983-2014. Liquidity risk premia explain an insubstantial fraction of this spread; instead, the spread can be attributed to the differential ability of high liquidity beta funds to outperfo...
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作者：Chuprinin, Oleg; Gaspar, Sergio; Massa, Massimo
作者单位：University of New South Wales Sydney; INSEAD Business School
摘要：We study the relation between mutual funds' performance and shocks to the public information environment of their investments. For each stock, we distinguish between quantitative, or tangible, news (expressed with numeric characters) and qualitative news (expressed as verbal content). We find that funds that trade more actively in response to changes in the stocks' information tangibility earn higher risk-adjusted returns. Funds that are particularly sensitive to such fluctuations have smaller...
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作者：Corgnet, Brice; Hernan-Gonzalez, Roberto
作者单位：emlyon business school; Centre National de la Recherche Scientifique (CNRS); Ecole Normale Superieure de Lyon (ENS de LYON); Universite Claude Bernard Lyon 1; Universite Jean Monnet; Universite Lyon 2; Universite Bourgogne Europe; Burgundy School of Business
摘要：Despite its central role in the theory of incentives, empirical evidence of a trade-off between risk and incentives remains scarce. We reexamine this trade-off in a workplace lab environment and find that, in line with theory, principals increase fixed pay while lowering performance pay when the relationship between effort and output is noisier. Unexpectedly, agents produce substantially more in the noisy environment than in the baseline despite weaker incentives. In addition, principals' earn...
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作者：Davis, Andrew M.; Hyndman, Kyle
作者单位：Cornell University; University of Texas System; University of Texas Dallas
摘要：We study the impact of multidimensional bargaining and the location of inventory risk on the performance of a two-stage supply chain. We conduct a controlled human subjects experiment where a retailer and supplier either interact through ultimatum offers or dynamically bargain over contract terms, including a wholesale price and, potentially, an order quantity. We also manipulate whether the risk associated with unsold inventory lies with the retailer or the supplier or is endogenously determi...
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作者：Gurvich, Itai; Lariviere, Martin A.; Ozkan, Can
摘要：Customers often resent priority queues even though priorities are often necessary to maximize either social welfare or revenue. Consequently, it is useful to consider the level of social inefficiency introduced when the design of a priority scheme is turned over to a revenue-maximizing firm. In this paper we study how the priority scheme chosen by a revenue-maximizing firm differs from the one a social planner would use. We study a single-server queue with customers who draw their valuations f...
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作者：Nagle, Frank
作者单位：University of Southern California
摘要：As open source software (OSS) is increasingly used as a key input by firms, understanding its impact on productivity becomes critical. This study measures the firm-level productivity impact of nonpecuniary (free) OSS and finds a positive and significant value-added return for firms that have an ecosystem of complementary capabilities. There is no such impact for firms without this ecosystem of complements. Dynamic panel analysis, instrumental variables, and a variety of robustness checks are u...
