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作者：Demirel, Suleyman; Kapuscinski, Roman; Yu, Man
作者单位：University of Michigan System; University of Michigan; Hong Kong University of Science & Technology
摘要：To mitigate supply disruption risks, some manufacturers consider a flexible sourcing strategy, where they have an option of sourcing from multiple suppliers, including regular unreliable suppliers and backup reliable ones. Our objective is to evaluate the costs and benefits associated with flexible sourcing when suppliers are strategic price setters. We show that when each supplier announces a single (wholesale) price, such a game leads to a conflict of incentives and is not realistic in most ...
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作者：Aral, Sinan; Bakos, Yannis; Brynjolfsson, Erik
作者单位：Massachusetts Institute of Technology (MIT); New York University
摘要：Many theories address how information technology (IT) affects the number of suppliers and supply chain governance. However, their predictions are at times contradictory and there is relatively little empirical evidence with which to evaluate them. We therefore develop an integrated, multiperiod model of the optimal number of suppliers that combines search and coordination theory, transaction cost economics, and incomplete contracts theory, and we assess our theoretical predictions using a larg...
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作者：Hegde, Deepak; Luo, Hong
作者单位：New York University; Harvard University
摘要：In this paper, we study the effect of invention disclosure through patent publication on the market for ideas. We do so by analyzing the effects of the American Inventor's Protection Act of 1999 (AIPA)-which required U.S. patent applications to be published 18 months after their filing date rather than at patent grant-on the timing of licensing deals in the biomedical industry. We find that post-AIPA U.S. patent applications are significantly more likely to be licensed before patent grant and ...
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作者：Lawrence, Alastair; Sloan, Richard; Sun, Estelle
作者单位：University of California System; University of California Berkeley; Boston University
摘要：It is well documented that losses are less persistent than profits and that stock prices anticipate the lower persistence of losses. Yet the underlying explanation for these results is unclear. One explanation lies in the abandonment option, whereby firms with losses are more likely to curtail operations (e.g., Hayn [Hayn C (1995) The information content of losses. J. Accounting Econom. 20(2):125-153]). Another explanation involves timely loss recognition stemming from conservative accounting ...
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作者：Lyandres, Evgeny; Fu, Fangjian; Li, Erica X. N.
作者单位：Boston University; Singapore Management University
摘要：We propose and implement a direct test of the hypothesis of oligopolistic competition in the U.S. underwriting market against the alternative of implicit collusion among underwriters. We construct a simple model of interaction between heterogeneous underwriters and heterogeneous firms and solve it under two alternative assumptions: oligopolistic competition among underwriters and implicit collusion among them. The two solutions lead to different equilibrium relations between the compensation o...
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作者：[Anonymous]
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作者：Baldiga, Nancy R.; Coffman, Katherine B.
作者单位：College of the Holy Cross; Harvard University
摘要：Sponsorship programs have been proposed as one way to promote female advancement in competitive career fields. A sponsor is someone who advocates for a protege, and in doing so, takes a stake in her success. We use a laboratory experiment to explore two channels through which sponsorship has been posited to increase advancement in a competitive workplace. In our setting, being sponsored provides a vote of confidence and/or creates a link between the protege's and sponsor's payoffs. We find tha...
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作者：Markopoulos, Panos M.; Hosanagar, Kartik
作者单位：University of Cyprus; University of Pennsylvania
摘要：New technologies such as product simulators and virtual reality now allow firms to provide realistic product usage experiences and reduce buyer uncertainty about product quality. We argue that today's firms should view product design and investments to reduce buyer uncertainty as an integrated process, which is in turn influenced by how much information buyers can obtain from third-party infomediaries. We introduce a game-theoretic model of a competitive market where both quality production an...
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作者：Starr, Evan; Balasubramanian, Natarajan; Sakakibara, Mariko
作者单位：University System of Maryland; University of Maryland College Park; Syracuse University; University of California System; University of California Los Angeles
摘要：This paper examines how the enforceability of noncompete covenants affects the creation, growth, and survival of spinouts and other new entrants. The impact of noncompete enforceability on new firms is ambiguous, since noncompetes reduce knowledge leakage but impose hiring costs. However, we posit that enforceability screens formation of within-industry spinouts (WSOs) relative to non-WSOs by dissuading founders with lower human capital. Using data on 5.5 million new firms, we find greater enf...
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作者：Mostafa, Romel; Klepper, Steven
作者单位：Western University (University of Western Ontario); Carnegie Mellon University
摘要：We explore how the establishment of an industry pioneer through foreign seeding of industry knowledge can subsequently catalyze the growth of a developing country's industry by involuntarily propagating the knowledge to subsequent entrants. As industry knowledge has tacit elements, we focus on mechanisms that enable experienced workers from the pioneer to seed the knowledge to new entrants. We examine the relationship between entrants' characteristics and the mechanisms exploited to access the...
