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作者：Li, Tao
作者单位：University of Warwick
摘要：Proxy advisory firms wield large influence with voting shareholders. However, conflicts of interest may arise when an advisor sells services to both investors and issuers. Using a unique data set on voting recommendations, I find that for most types of proposals, competition from a new entrant reduces favoritism toward management by an incumbent advisor that serves both corporations and investors. The results are not driven by factors that influence the entrant's coverage decision, such as the...
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作者：Marinesi, Simone; Girotra, Karan; Netessine, Serguei
作者单位：University of Pennsylvania; INSEAD Business School; INSEAD Business School
摘要：We study threshold discounting, or the practice of offering a discounted-price service if at least a prespecified number of customers signal interest in it, as pioneered by Groupon. We model a capacity-constrained firm, a random-sized population of strategic customers, a desirable hot period, and a less desirable slow period. Compared to a more traditional approach (slow period discounting or closure), threshold discounting has two operational advantages. First, the contingent discount tempora...
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作者：Montez, Joao; Ruiz-Aliseda, Francisco; Ryall, Michael D.
作者单位：University of Lausanne; Pontificia Universidad Catolica de Chile; University of Toronto
摘要：The new perspective emerging from strategy's value-capture stream is that the effects of competition are twofold: competition for an agent bounds its performance from below, while that for its transaction partners bounds from above. Thus, assessing the intensity of competition on either side is essential to understanding firm performance. Yet, the literature provides no formal notion of competitive intensity with which to make such assessments. Rather, some authors use added value as their cen...
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作者：Suhonen, Niko; Saastamoinen, Jani
作者单位：University of Eastern Finland
摘要：Many empirical studies focusing on how prior outcomes affect subsequent risk taking report conclusions that appear mutually contradictory. While some studies document increased risk taking after gains and risk aversion after losses, others report the opposite. This paper contributes to this literature by investigating horse race bettors' sequential risky decisions using individual-level data. A horse race betting market is a laboratory-like environment and can be used to analyze behavioral pat...
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作者：Moon, Ken; Bimpikis, Kostas; Mendelson, Haim
作者单位：University of Pennsylvania; Stanford University
摘要：Online retail reduces the costs of obtaining information about a product's price and availability and of flexibly timing a purchase. Consequently, consumers can strategically time their purchases, weighing the costs of monitoring and the risk of inventory depletion against prospectively lower prices. At the same time, firms can observe and exploit their customers' monitoring behavior. Using a data set tracking customers of a North American specialty retail brand, we present empirical evidence ...
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作者：Piccolo, Salvatore; Tedeschi, Piero; Ursino, Giovanni
作者单位：University of Bergamo; Catholic University of the Sacred Heart
摘要：We study a simple game in which two sellers supply goods whose quality cannot be assessed by consumers even after consumption but can be verified with some probability by a public authority. Sellers may induce a prospective buyer into a bad purchase through comparative deceptive advertising. The central contribution of this paper is the characterization of a class of pooling equilibria in which low-quality sellers deceive a buyer who is Bayes-rational and makes a purchase decision on the basis...
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作者：Staats, Bradley R.; Kc, Diwas S.; Gino, Francesca
作者单位：University of North Carolina; University of North Carolina Chapel Hill; University of North Carolina School of Medicine; Emory University; Harvard University
摘要：Many models in operations management involve dynamic decision making that assumes optimal updating in response to information revelation. However, behavioral theory suggests that rather than updating their beliefs, individuals may persevere in their prior beliefs. In particular, we examine how individuals' prior experiences and the experiences of those around them alter their belief perseverance in operational decisions after the revelation of negative news. We draw on an exogenous announcemen...
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作者：Ozer, Ozalp; Subramanian, Upender; Wang, Yu
作者单位：University of Texas System; University of Texas Dallas; California State University System; California State University Long Beach
摘要：In many market settings, a customer often obtains assistance from a supplier (or service provider) to make better-informed decisions regarding the supplier's product (or service). Because the two parties often have conflicting pecuniary incentives, customer trust and supplier trustworthiness play important roles in the success of these interactions. We investigate whether and how the process through which assistance is provided can foster trust and trustworthiness, and thus facilitate better c...
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作者：Serio, Luigi; Tedeschi, Piero; Ursino, Giovanni
作者单位：Catholic University of the Sacred Heart; Catholic University of the Sacred Heart
摘要：The business model of low-cost carriers is now well established and accounts for a large share of Western civil aviation, particularly in Europe. To understand why it has proven so successful, we develop a theoretical model that exploits the two-sided nature of flights as connectors of supply and demand for goods and services other than traveling itself across physical space. Carriers offer flights of different quality and may sign agreements with suppliers of goods and services at the destina...
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作者：Bernard, Carole; Rheinberger, Christoph M.; Treich, Nicolas
作者单位：Grenoble Ecole Management; Vrije Universiteit Brussel; European Chemicals Agency; Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; INRAE; Universite de Toulouse; Universite Toulouse 1 Capitole
摘要：Catastrophe aversion and risk equity are important concepts both in risk management theory and practice. Keeney [Keeney RL (1980) Equity and public risk. Oper. Res. 28(3):527-534] was the first to formally define these concepts. He demonstrated that the two concepts are always in conflict. Yet his result is based on the assumption that individual risks are independent. It has therefore limited relevance for real-world catastrophic events. We extend Keeney's result to dependent risks and derive...
