5期

最新文章

• Density Dependence of Entrepreneurial Dynamics: Competition, Opportunity Cost, or Minimum Efficient Scale? AI翻译
  作者：Aksaray, Gorkem; Thompson, Peter
  作者单位：Emory University; University System of Georgia; Georgia Institute of Technology
  摘要：This paper reports on a new examination of the well-established negative effect of localized density on survival in established industries. We attempt to discriminate between three competing, but not necessarily mutually exclusive, explanations: resource competition, variations in the opportunity costs of entrepreneurship, and geographic variations in minimum efficient scale (MES). We construct a model of firm growth and survival in which each of these potential causes of density dependence ha...
• Analysts' Reputational Concerns, Self-Censoring, and the International Dispersion Effect AI翻译
  作者：Hwang, Chuan-Yang; Li, Yuan
  作者单位：Nanyang Technological University; University of Cambridge; University of Cambridge
  摘要：Stocks with higher forecast dispersion earn lower future returns and have a greater upward bias in the mean reported earnings forecast in international markets. Both phenomena are stronger in countries with more transparent information environments, more developed stock markets, stronger investor protection, greater capital openness, and more intense usage of analysts' earnings forecasts. Using the 1997-1998 Asian financial crisis as a natural experiment, we find that both phenomena become wea...
• Collaboration and Multitasking in Networks: Prioritization and Achievable Capacity AI翻译
  作者：Gurvich, Itai; Van Mieghem, Jan A.
  作者单位：Northwestern University
  摘要：Motivated by the trend toward more collaboration in workflows, we study networks where some tasks require the simultaneous processing by multiple types of multitasking human or indivisible resources. The capacity of such networks is generally smaller than the bottleneck capacity. In Gurvich and Van Mieghem [Gurvich I, Van Mieghem JA (2015) Collaboration and multitasking in networks: Architectures, bottlenecks, and capacity. Manufacturing Service Oper. Management 17(1): 16-33], we proved that b...
• When Waiting to See a Doctor Is Less Irritating: Understanding Patient Preferences and Choice Behavior in Appointment Scheduling AI翻译
  作者：Liu, Nan; Finkelstein, Stacey R.; Kruk, Margaret E.; Rosenthal, David
  作者单位：Columbia University; City University of New York (CUNY) System; Baruch College (CUNY); Harvard University; Harvard T.H. Chan School of Public Health; Columbia University
  摘要：This paper examines patient preferences and choice behavior in scheduling medical appointments. We conduct four discrete choice experiments on two distinct populations and identify several operational attributes (e.g., delay to care and choice of doctor) that affect patient choice. We observe an interesting gender effect with respect to how patients trade off speed (delay to care) and quality (doctor of choice), and demonstrate that risk attitudes mediate the impact of gender on the perception...
• Foreign Risk, Domestic Problem: Capital Allocation and Firm Performance Under Political Instability AI翻译
  作者：Col, Burcin; Durnev, Art; Molchanov, Alexander
  作者单位：Pace University; University of Iowa; Massey University
  摘要：We argue in this paper that firms with foreign operations misallocate capital and underperform when they face political instability abroad. We develop and test a dynamic model of firm capital allocation under foreign political instability. The model shows that as a political regime becomes less stable, independent of whether the regime becomes less business-friendly or more business-friendly, firms invest suboptimally (i.e., they either overinvest or underinvest), and their marginal q's diverg...
• Anticipated Entry and Entry Deterrence: Evidence from the American Casino Industry AI翻译
  作者：Cookson, J. Anthony
  作者单位：University of Colorado System; University of Colorado Boulder
  摘要：Using new data on entry plans into the American casino industry, I find that incumbent firms invest in physical capacity when threatened with a nearby entry plan, and these strategic investments deter eventual entry. Consistent with an entry-deterrence motive, incumbents respond to the threat of entry when entry is uncertain, but not when entry is assured. The average capacity expansion of 2,300 square feet is associated with a 6.8-percentage-point greater likelihood that the entry plan fails....
• Incentives for Prosocial Behavior: The Role of Reputations AI翻译
  作者：Exley, Christine
  作者单位：Harvard University
  摘要：Do monetary incentives encourage volunteering? Or, do they introduce concerns about appearing greedy and crowd out the motivation to volunteer? Since the importance of such image concerns is normally unobserved, the answer is theoretically unclear, and corresponding empirical evidence is mixed. To help counter this ambiguity, this paper proposes that the importance of image concerns-such as the desire to appear prosocial and not to appear greedy-relates to individuals' volunteer reputations. E...
• Are Immigrants Complements or Substitutes? Evidence from the Audit Industry AI翻译
  作者：Aobdia, Daniel; Srivastava, Anup; Wang, Erqiu
  作者单位：Northwestern University; Dartmouth College
  摘要：Extensive debate exists among policy makers and economists about the employment of highly skilled immigrants in the United States. It remains unclear whether these immigrants perform complementary tasks in addition to their substitutive role relative to native graduates. Empirical studies examining these questions in a focused setting are scarce, principally because of the nonavailability of data. We examine these questions using the audit industry as a setting because of the availability of c...
• The Effect of Learning on Ambiguity Attitudes AI翻译
  作者：Baillon, Aurelien; Bleichrodt, Han; Keskin, Umut; l'Haridon, Olivier; Li, Chen
  作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; Istanbul Bilgi University; Universite de Rennes
  摘要：This paper studies the effect of learning information on people's attitudes toward ambiguity. We propose a method to separate ambiguity attitudes from subjective probabilities and to decompose ambiguity attitudes into two components. Under models like prospect theory that represent ambiguity through nonadditive decision weights, these components reflect pessimism and likelihood insensitivity. Under multiple priors models, they reflect ambiguity aversion and perceived ambiguity. We apply our me...
• Self-Regulation of an Unobservable Queue AI翻译
  作者：Haviv, Moshe; Oz, Binyamin
  作者单位：Hebrew University of Jerusalem; Hebrew University of Jerusalem; University of Auckland
  摘要：We consider an unobservable M/M/1 queue where customers are homogeneous with respect to service valuation and cost per unit time of waiting. It is well known that left to themselves, in equilibrium, customers join the queue at a rate higher than is socially optimal. Hence, regulation schemes, under which the resulting equilibrium joining rate coincides with the socially optimal one, should be considered. We suggest a classification of regulation schemes based on a few desired properties and us...