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作者：Selcuk, Cemil; Gokpinar, Bilal
作者单位：Cardiff University; University of London; University College London
摘要：We study the selection and dynamics of two popular pricing policies-fixed price and flexible price-in competitive markets. Our paper extends previous work in marketing, for example, Desai and Purohit (2004) by focusing on decentralized markets with a dynamic and fully competitive framework while also considering possible noneconomic aspects of bargaining. We construct and analyze a competitive search model, which allows us to endogenize the expected demand depending on pricing rules and posted...
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作者：Voors, Maarten; Turley, Ty; Bulte, Erwin; Kontoleon, Andreas; List, John A.
作者单位：Wageningen University & Research; Brigham Young University; University of Cambridge; University of Chicago
摘要：We use a field experiment in Sierra Leone to examine how the identity of the manager influences rent seeking and performance in participatory development projects. Specifically, we vary the composition of a committee responsible for implementing a development project-local elites or randomly selected villagers. The design is unique in that it permits us to explore the effectiveness of two alternative local governance modalities and the extent of elite capture in community projects. We find lit...
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作者：Butler, Jeffrey V.; Miller, Joshua B.
作者单位：Louisiana State University System; Louisiana State University; Bocconi University; Bocconi University
摘要：Previous research has documented a behavioral distinction between social risk, or risk caused by human factors, and natural risk. In particular, people tend to demand a premium on the probability of a favorable outcome in order to expose themselves to a social source of risk rather than a natural source of risk. Several explanations for what drives this social risk premium have been offered-most prominently, (i) an aversion to a counterparty's potentially malign intentions and (ii) a more gene...
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作者：Huang, Allen H.; Lehavy, Reuven; Zang, Amy Y.; Zheng, Rong
作者单位：Hong Kong University of Science & Technology; University of Michigan System; University of Michigan; Hong Kong University of Science & Technology
摘要：This study examines analyst information intermediary roles using a textual analysis of analyst reports and corporate disclosures. We employ a topic modeling methodology from computational linguistic research to compare the thematic content of a large sample of analyst reports issued promptly after earnings conference calls with the content of the calls themselves. We show that analysts discuss exclusive topics beyond those from conference calls and interpret topics from conference calls. In ad...
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作者：Gershkov, Alex; Moldovanu, Benny; Strack, Philipp
作者单位：Hebrew University of Jerusalem; Hebrew University of Jerusalem; University of Surrey; University of Bonn; University of California System; University of California Berkeley
摘要：We show that appropriate dynamic pricing strategies can be used to draw benefits from the presence of consumers who strategically time their purchase even if the arrival process is not known. In our model, a seller sells a stock of objects to a stream of randomly arriving long-lived agents. Agents are privately informed about their values, and about their arrival time to the market. The seller needs to learn about future demand from past arrivals. We characterize the revenue-maximizing direct ...
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作者：Laux, Christian; Loranth, Gyoengyi; Morrison, Alan D.
作者单位：Vienna University of Economics & Business; University of Vienna; University of Oxford
摘要：We study the effect that internal information systems have on a firm's leverage and corporate governance choices. Information systems lower governance costs by facilitating more targeted interventions. But they also generate asymmetric information between firms and their investors. As a result, firms may attempt to signal their superior quality by assuming more leverage. In some circumstances, this can reduce governance incentives and result in inferior outcomes. Investors anticipate this effe...
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作者：Lu, Susan F.; Rui, Huaxia; Seidmann, Abraham
作者单位：Purdue University System; Purdue University; University of Rochester
摘要：Over the past 10 years, many healthcare organizations have made significant investments in automating their clinical operations, mostly through the introduction of advanced information systems. Yet the impact of these investments on staffing is still not well understood. In this paper, we study the effect of information technology (IT)enabled automation on staffing decisions in healthcare facilities. Using unique nursing home IT data from 2006 to 2012, we find that the licensed nurse staffing ...
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作者：Cubitt, Robin; McDonald, Rebecca; Read, Daniel
作者单位：University of Nottingham; University of Nottingham; University of Warwick
摘要：Unimodal intertemporal decisions involve comparing options of the same type (e.g., apples now versus apples later), and cross-modal decisions involve comparing options of different types (e.g., a car now versus a vacation later). As we show, existing models of intertemporal choice do not allow time preference to depend on whether the comparisons to be made are unimodal or cross-modal. We test this restriction in an experiment using the delayed compensation method, a new extension of the standa...
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作者：Kessler, Judd B.; Milkman, Katherine L.
作者单位：University of Pennsylvania; University of Pennsylvania
摘要：How does priming identity affect charitable giving? We show that individuals are more likely to donate when a facet of their identity associated with a norm of generosity is primed in an appeal. In large charitable giving field experiments run by the American Red Cross, appeals that prime an individual's identity as a previous donor to the charity or as a member of a local community generate more donations. The primes are more effective when they highlight a facet of the potential donor's iden...
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作者：Pasiouras, Fotios
作者单位：Technical University of Crete; University of Surrey
摘要：Using a data set of approximately 3,000 commercial banks from more than 100 countries, I examine the impact of financial consumer protection policies on the cost of financial intermediation. I find evidence that the existence of internal mechanisms for handling complaints, requirements for fair treatment, supervisory power related to consumer protection, and various disclosure requirements reduce the cost of financial intermediation in advanced countries. The results are different in the case ...
