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作者：Jiang, Juncai; Kumar, Nanda; Ratchford, Brian T.
作者单位：Virginia Polytechnic Institute & State University; University of Texas System; University of Texas Dallas
摘要：Price-matching guarantees (PMGs) are offered in a wide array of product categories in retail markets. PMGs offer consumers the assurance that, should they find a lower price elsewhere within a specified period after purchase the retailer will match that price and refund the price difference. The goal of this study is to explain the following stylized facts: (1) many retailers that operate both online and offline implement PMG offline but not online; (2) the practices of PMG vary considerably a...
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作者：Li, Zhuoxin; Agarwal, Ashish
作者单位：Boston College; University of Texas System; University of Texas Austin
摘要：Social media platform owners often choose to provide tighter integration with their own complementary applications (i.e., first-party applications) as compared to that with other complementary third-party applications. We study the impact of such integration on consumer demand for first-party applications and competing third-party applications by exploring Facebook's integration of Instagram, an application in its photo-sharing application ecosystem. We find that consumers obtain additional va...
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作者：Gong, Binglin; Pan, Deng; Shi, Donghui
作者单位：East China Normal University; Fudan University; Xiamen University; Fudan University
摘要：This paper provides an analysis of the impact of new investors on the bubble surrounding the Baosteel call warrant, the first derivative traded in China after a nine-year suspension. We empirically show that new investors initiated the bubble at the opening call auction and were the key driving force to sustain the bubble until the maturity of the warrant.
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作者：Rhee, Ki-Eun; Thomadsen, Raphael
作者单位：Korea Advanced Institute of Science & Technology (KAIST); Washington University (WUSTL)
摘要：We study behavior-based pricing (BBP) in a vertically differentiated model. Vertical differentiation is innately asymmetric because all customers prefer the higher-quality product when prices are equal. This asymmetry causes BBP to have different properties than symmetric horizontally differentiated models. We highlight two dimensions that affect the analysis: the role of quality-adjusted cost differences between the firms and the role of consumer discounting relative to firm discounting. In t...
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作者：Fischetti, Matteo; Ljubic, Ivana; Sinnl, Markus
作者单位：University of Padua; ESSEC Business School; University of Vienna
摘要：The uncapacitated facility location (UFL) problem is one of the most famous and most studied problems in the operations research literature. Given a set of potential facility locations and a set of customers, the goal is to find a subset of facility locations to open and to allocate each customer to open facilities so that the facility opening plus customer allocation costs are minimized. In our setting, for each customer the allocation cost is assumed to be a linear or separable convex quadra...
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作者：Belavina, Elena; Girotra, Karan; Kabra, Ashish
作者单位：University of Chicago; INSEAD Business School
摘要：This paper compares the financial and environmental performance of two revenue models for the online retailing of groceries: the per-order model, where customers pay for each delivery, and the subscription model, where customers pay a set fee and receive free deliveries. We build a stylized model that incorporates (i) customers with ongoing uncertain grocery needs and who choose between shopping offline or online and (ii) an online retailer that makes deliveries through a proprietary distribut...
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作者：Eijgenraam, Carel; Brekelmans, Ruud; den Hertog, Dick; Roos, Kees
作者单位：CPB Netherlands Bureau for Economic Policy; Tilburg University; Delft University of Technology
摘要：Flood prevention policy is of major importance to the Netherlands since a large part of the country is below sea level and high water levels in rivers may also cause floods. In this paper we propose a dike height optimization model to determine economically efficient flood protection standards. We improve the model proposed by David van Dantzig [van Dantzig D (1956) Economic decision problems for flood prevention. Econometrica 24(3):276-287] after a devastating flood in the Netherlands in 1953...
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作者：Allcott, Hunt; Sweeney, Richard L.
作者单位：New York University; Boston College
摘要：With a large nationwide retailer, we run a natural field experiment to measure the effects of energy use information disclosure, customer rebates, and sales agent incentives on demand for energy-efficient durable goods. Although a combination of large rebates plus sales incentives substantially increases market share, information and sales incentives alone each have zero statistical effect and explain at most a small fraction of the low baseline market share. Sales agents strategically comply ...
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作者：Kim, Jun B.; Albuquerque, Paulo; Bronnenberg, Bart J.
作者单位：Hong Kong University of Science & Technology; INSEAD Business School; Tilburg University; Centre for Economic Policy Research - UK
摘要：We develop a probit choice model under optimal sequential search and apply it to the study of aggregate demand of consumer durable goods. In our joint model of search and choice, we derive an expression for the probability of choice that obeys the full set of restrictions imposed by optimal sequential search. Estimation of our partially analytic model avoids the computation of high-dimensional integrations in the evaluation of choice probabilities, which is of particular benefit when search se...
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作者：Zhou, Yiyi
作者单位：State University of New York (SUNY) System; Stony Brook University; State University of New York (SUNY) System; Stony Brook University
摘要：This paper develops and estimates a structural model of two-sided markets with durable platform intermediaries and affiliated products. It models buyers' purchase decisions of platforms and affiliated products and sellers' decisions of price setting and entry, accounting for the dynamic interaction between the two distinct groups of platform participants. To estimate the proposed model, this paper develops a Bayesian Markov chain Monte Carlo estimation approach that incorporates nonparametric ...
