-
作者：Boulding, William; Guha, Abhijit; Staelin, Richard
作者单位：Duke University; University of South Carolina System; University of South Carolina Columbia
摘要：A robust finding in the escalation literature, termed as the preference effect, is that involvement in the period 1 initial project assessment decision increases the tendency for decision makers to stick with a losing course of action during the period 2 project reassessment decision. The proposed solution is to bring in a new decision maker in period 2. Across multiple studies, we show that providing period 1 information in real options format increases the tendency for decision makers to vie...
-
作者：Chan, Carri W.; Farias, Vivek F.; Escobar, Gabriel J.
作者单位：Columbia University; Massachusetts Institute of Technology (MIT); Kaiser Permanente
摘要：Mainstream queueing models are frequently employed in modeling healthcare delivery in a number of settings, and they further are used in making operational decisions for the same. The vast majority of these queueing models ignore the effects of delay experienced by a patient awaiting care. However, long delays may have adverse effects on patient outcomes and can potentially lead to a longer length of stay (LOS) when the patient ultimately does receive care. This work sets out to understand the...
-
作者：John, Kose; Li, Yuanzhi; Pang, Jiaren
作者单位：New York University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; Tsinghua University
摘要：The effect of corporate governance may depend on a firm's financial slack. On one hand, financial slack may be spent by managers for their private benefits; a high level is likely associated with severe agency conflicts. Thus corporate governance matters more for high financial slack firms (i.e., the wasteful spending hypothesis). On the other hand, financial slack provides insurance against future uncertainties; a lowlevel may signal deviations from the best interests of shareholders. Then co...
-
作者：Andersen, Steffen; Nielsen, Kasper Meisner
作者单位：Copenhagen Business School; Hong Kong University of Science & Technology
摘要：This study investigates when forced sales of real estate turn into fire sales by using a natural experiment that allows us to separate supply and demand effects: Forced sales result from sudden death of house owners and are thus unrelated to current market conditions. We find that forced sales result in fire sale discounts. Discounts increase when the sale is urgent, market conditions are poor, and the seller is financially constrained. Overall, our study identifies when forced sales lead to f...
-
作者：Chen, Yuxin; Yao, Song
作者单位：New York University; NYU Shanghai; Northwestern University
摘要：We propose a structural model of consumer sequential search under uncertainty about attribute levels of products. Our identification of the search model relies on exclusion restriction variables that separate consumer utility and search cost. Because such exclusion restrictions are often available in online click-stream data, the identification and corresponding estimation strategy is generalizable for many online shopping websites where such data can be easily collected. Furthermore, one impo...
-
作者：Craig, Ashley C.; Garbarino, Ellen; Heger, Stephanie A.; Slonim, Robert
作者单位：Harvard University; University of Sydney; University of Sydney
摘要：We estimate and compare the effect of increased time costs on consumer satisfaction and behavior. We are able to move beyond the existing literature, which focuses on satisfaction and intention, and estimate the effect of waiting time on return behavior. Further, we do so in a prosocial context and our measure of cost is the length of time a blood donor spends waiting. We find that relying on satisfaction data masks important time cost sensitivities; namely, it is not how the donor feels about...
-
作者：DeFond, Mark; Erkens, David H.; Zhang, Jieying
作者单位：University of Southern California; University of Texas System; University of Texas Dallas
摘要：A large auditing literature concludes that Big N auditors provide higher audit quality than non-Big N auditors. Recently, however, a high-profile study suggests that propensity score matching (PSM) on client characteristics eliminates the Big N effect [Lawrence A, Minutti-Meza M, Zhang P (2011) Can Big 4 versus non-Big 4 differences in audit-quality proxies be attributed to client characteristics? Accounting Rev. 86(1):259-286]. We conjecture that this finding may be affected by PSM's sensitiv...
-
作者：Despotakis, Stylianos; Hafalir, Isa; Ravi, R.; Sayedi, Amin
作者单位：Carnegie Mellon University; University of Washington; University of Washington Seattle
摘要：We examine the effect of the presence of expert buyers on other buyers, the platform, and the sellers in online markets. We model buyer expertise as the ability to accurately predict the quality, or condition, of an item, modeled as its common value. We show that nonexperts may bid more aggressively, even above their expected valuation, to compensate for their lack of information. As a consequence, we obtain two interesting implications. First, auctions with a hard close may generate higher re...
-
作者：Lee, Yun Shin; Siemsen, Enno
作者单位：Korea Advanced Institute of Science & Technology (KAIST); University of Wisconsin System; University of Wisconsin Madison
摘要：We conduct three behavioral laboratory experiments to compare newsvendor order decisions placed directly to order decisions submitted in a decomposed way by soliciting point forecasts, uncertainty estimates, and service-level decisions. Decomposing order decisions in such a way often follows from organizational structure and can lead to performance improvements compared with ordering directly. However, we also demonstrate that if the critical ratio is below 50%, or if the underlying demand unc...
-
作者：Chen, Li; Lee, Hau L.
作者单位：Cornell University; Stanford University
摘要：Companies that source from emerging economies often face supplier responsibility risks, namely, financial and reputational burdens that the companies have to bear when their suppliers' engagement in noncomplying labor and environmental practices becomes public. To mitigate such risks, companies can invest in screening mechanisms and design incentive schemes in sourcing contracts. Common mitigation instruments include supplier certification, process audits, and contingency payments. The interac...
