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作者：Balasubramanian, Natarajan; Lee, Jeongsik; Sivadasan, Jagadeesh
作者单位：Syracuse University; Drexel University; University of Michigan System; University of Michigan
摘要：Deadlines are often used to manage the time of valuable human capital. In this multimethod paper, we propose a theoretical framework grounded in a formal model that encapsulates the key drivers and consequences of deadline-related time pressures on workflows, task sorting, and work quality. We use large-scale data on patent filings, along with insights from primary data collection, to test our hypotheses. In line with our predictions, we find clustering of patent filings around month-ends, wit...
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作者：Papanastasiou, Yiangos; Bimpikis, Kostas; Savva, Nicos
作者单位：University of California System; University of California Berkeley; Stanford University; University of London; London Business School
摘要：Motivated by the proliferation of online platforms that collect and disseminate consumers' experiences with alternative substitutable products/ services, we investigate the problem of optimal information provision when the goal is to maximize aggregate consumer surplus. We develop a decentralized multiarmed bandit framework where a forward- looking principal (the platform designer) commits up front to a policy that dynamically discloses information regarding the history of outcomes to a series...
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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：Ensthaler, Ludwig; Nottmeyer, Olga; Weizsaecker, Georg; Zankiewicz, Christian
作者单位：IZA Institute Labor Economics; Humboldt University of Berlin; Leibniz Association; DIW Berlin - Deutsches Institut fur Wirtschaftsforschung
摘要：Multiplicative growth processes that are subject to random shocks often have an asymmetric distribution of outcomes. In a series of incentivized laboratory experiments, we showthat a large majority of participants either strongly underestimate the asymmetry or ignore it completely. Participants misperceive the spread of the outcome distribution to be too narrowband, and they estimate the median and the mode to lie too close to the center of the distribution, failing to account for the compound...
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作者：Flynn, Sean; Ghent, Andra
作者单位：Arizona State University; Arizona State University-Tempe; University of Wisconsin System; University of Wisconsin Madison
摘要：We analyze the entry of newcredit rating agencies into structured finance products. Our setting is unique as we study a period in which the incumbents' reputation was extremely poor and the benefit of more fee income from inflating ratings was low. We find entrants issue higher ratings than incumbents, particularly for interest-only tranches. Using measures of market share that are exogenous to incumbent ratings, we provide suggestive evidence that incumbent rating levels become more generous ...
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作者：Govind, Rahul; Chatterjee, Rabikar; Mittal, Vikas
作者单位：University of New South Wales Sydney; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; Rice University
摘要：We develop and test a new methodology that assigns geographical units (such as ZIP codes) to market segments by simultaneously considering bases of segmentation, such as customer attitudes and needs, such that the resulting segments display a high level of spatial concentration. Such concentrated segments are managerially desirable because of the logistical and administrative efficiencies created by implementing spatially concentrated segment-level strategies. The suggested approach captures s...
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作者：Demiroglu, Cem; James, Christopher
作者单位：Koc University; State University System of Florida; University of Florida
摘要：Automated valuation models (AVMs) are widely used in the valuation of pools of residential mortgages. In this paper, we provide evidence that high pricing errors in human and automated valuation models as well as rejection of loans with relatively low appraisals may generate the appearance of appraisal bias even when the original appraisals are unbiased. We also present evidence that the estimated frequency of appraisal overstatement is quite sensitive to assumptions about loan denial rates du...
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作者：Ho, Teck-Hua; Png, I. P. L.; Reza, Sadat
作者单位：National University of Singapore; Nanyang Technological University
摘要：We develop a behavioral model of durable good usage with mental accounting for sunk costs. It predicts higher-than-rational usage that attenuates at a rate that increases with sunk costs. Singapore government policy varied the sunk cost of buying a new car. Using Singapore data, we estimate the elasticity of driving with respect to sunk costs to be 0.048, which implies that government policy between 2009 and 2013 was associated with 86 kilometers per month, or 5.6%, more driving. The results a...
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作者：Saccardo, Silvia; Pietrasz, Aniela; Gneezy, Uri
作者单位：Carnegie Mellon University; University of California System; University of California San Diego; University of California System; University of California San Diego; University of Amsterdam
摘要：We design a new procedure for measuring competitiveness and use it to estimate the magnitude of the gender gap in competitiveness. Before working on a task, participants choose what percentage of their payoffs will be based on a piece-rate compensation scheme; the rest of their payoff is allocated to a competitive compensation scheme. This novel procedure allows us to distinguish between 101 levels of competitiveness, as opposed to the binary measure used in the literature. Whereas the binary ...
