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作者：Batsaikhan, Mongoljin; Tumennasan, Norovsambuu
作者单位：Qatar Foundation (QF); Georgetown University in Qatar; Dalhousie University; Aarhus University
摘要：We study the effects of price matching in a setting in which each firm selects both its price and output, simultaneously. We show that the availability of a price-matching option leads to the Cournot outcome in this setting. Our experimental study confirms this result in the laboratory. Our finding is a stark contrast to the one obtained in the standard price competition that the most likely market price in the presence of a price-matching option is the monopolistic price. In addition, we show...
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作者：Yang, S. Alex; Birge, John R.
作者单位：University of London; London Business School; University of Chicago
摘要：As an integrated part of a supply contract, trade credit has intrinsic connections with supply chain coordination and inventory management. Using a model that explicitly captures the interaction of firms' operations decisions, financial constraints, and multiple financing channels (bank loans and trade credit), this paper attempts to better understand the risk-sharing role of trade credit-that is, how trade credit enhances supply chain efficiency by allowing the retailer to partially share the...
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作者：Fisher, Marshall; Gallino, Santiago; Li, Jun
作者单位：University of Pennsylvania; Dartmouth College; University of Michigan System; University of Michigan
摘要：A retailer following a competition-based dynamic-pricing strategy tracks competitors' price changes and then must answer the following questions: (i) Should we respond? (ii) If so, to whom? (iii) How much of a response? (iv) And on which products? The answers require unbiased measures of price elasticity as well as accurate estimates of competitor significance and the extent to which consumers compare prices across retailers. There are two key challenges to quantify these factors empirically: ...
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作者：Kontek, Krzysztof; Lewandowski, Michal
作者单位：Warsaw School of Economics
摘要：First, this paper introduces and axiomatizes range-dependent utility as a new conceptual framework for decision making under risk. It is a simple and well-defined generalization of expected utility theory in which utility depends on the range of lottery outcomes. Second, a special case of this framework is proposed for prediction. It is based on applying a single utility function (decision utility) to every normalized lottery range. The resultant decision utility model predicts well-known expe...
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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 investigate the efficacy of monetary and relational incentives for managing the quality of a product in a two-tier supply chain. In our setting, a retailer offers a supplier contract terms for a product, where the product can be low or high quality. The supplier can choose to exert high effort, which is costly but guarantees high quality, or low effort, which does not assure high quality with certainty. We compare how monetary incentives, such as a bonus that is paid to the supplier when hi...
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作者：Sugden, Robert; Zheng, Jiwei
作者单位：University of East Anglia; University of East Anglia
摘要：Gaudeul and Sugden [Gaudeul A, Sugden R (2012) Spurious complexity and common standards in markets for consumer goods. Economica 79(314): 209-225] have hypothesized that when some but not all competing products are priced in a common standard, consumers who are liable to make errors in cross-standard price comparisons use decision rules that discriminate in favor of common-standard offers. Such behavior incentivizes sellers to use common standards. We report an experimental test of this hypoth...
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作者：Bell, David R.; Gallino, Santiago; Moreno, Antonio
作者单位：University of Pennsylvania; Dartmouth College; Northwestern University
摘要：Omnichannel environments where customers shop online and offline at the same retailer are ubiquitous, and are deployed by online-first and traditional retailers alike. We focus on the relatively understudied domain of online-first retailers and the engagement of a key omnichannel tactic; specifically, introduction of showrooms (physical locations where customers can view and try products) in combination with online fulfillment that uses centralized inventory management. We ask whether, and if ...
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作者：Chan, Tian Heong; Mihm, Jurgen; Sosa, Manuel E.
作者单位：Emory University; INSEAD Business School; INSEAD Business School
摘要：Products combine function and form. This paper focuses on product form. We combine state-of-the-art clustering techniques with experimental validation to identify styles (groupings of new product designs of similar form) among the more than 350,000 U.S. design patents granted from 1977 through 2010. Thus we compile, for the first time, a rich data set of styles that can serve as an empirical platform for a rigorous study of the role played by product form in new product development. Building o...
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作者：Cosguner, Koray; Chan, Tat Y.; Seetharaman, P. B. (Seethu)
作者单位：University System of Georgia; Georgia State University; Washington University (WUSTL)
摘要：We advance the literature on dynamic oligopoly pricing models in the presence of switching costs by additionally modeling the strategic pricing role of the retailer within the distribution channel. In doing this, we study the relative dynamic pricing implications of how current retail and wholesale prices for a brand must optimally take into account past and future demand, respectively, for the brand. Using scanner data from the cola market, we find that while the retailer exploits the benefit...
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作者：Dai, Zhixin; Galeotti, Fabio; Villeval, Marie Claire
作者单位：Renmin University of China; 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; IZA Institute Labor Economics; University of Innsbruck
摘要：We conduct an artefactual field experiment using a diversified sample of passengers of public transportation to study attitudes toward dishonesty. We find that the diversity of behavior in terms of (dis) honesty in laboratory tasks and in the field correlate. Moreover, individuals who have just been fined in the field behave more honestly in the lab than the other fare dodgers, except when context is introduced. Overall, we show that simple tests of dishonesty in the lab can predict moral firm...
