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作者：Ferman, Bruno
摘要：Consumer credit regulations usually require that lenders disclose interest rates. However, in the absence of specific prominence requirements, lenders can conceal the interest rate in the fine print while still complying with the law. I examine the effect of such a strategy using a field experiment in Brazil in which a credit card company offered their clients payment plans to pay off their balances. Using randomized contract interest rates and the degree of rate disclosure, I show that most c...
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作者：Fernandez-Mateo, Isabel; Fernandez, Roberto M.
作者单位：University of London; London Business School; Massachusetts Institute of Technology (MIT)
摘要：We study the sources of women's underrepresentation in hiring for top management jobs by focusing on the context of executive search. Using data that include proprietary information on 10,970 individuals considered by a search firm, we examine the sources of the low proportion of women placed in senior roles. Contrary to received wisdom, we find limited evidence that demand-side screeners strongly contribute to gender disadvantage in this setting. What gender differences exist tend to play out...
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作者：Chan, Timothy C. Y.; Demirtas, Derya; Kwon, Roy H.
作者单位：University of Toronto
摘要：Out-of-hospital cardiac arrest is a significant public health issue, and treatment, namely, cardiopulmonary resuscitation and defibrillation, is very time sensitive. Public access defibrillation programs, which deploy automated external defibrillators (AEDs) for bystander use in an emergency, reduce the time to defibrillation and improve survival rates. In this paper, we develop models to guide the deployment of public AEDs. Our models generalize existing location models and incorporate differ...
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作者：Agarwal, Sumit; Rosen, Richard J.; Yao, Vincent
作者单位：National University of Singapore; Federal Reserve System - USA; Federal Reserve Bank - Chicago; University System of Georgia; Georgia State University
摘要：Refinancing a mortgage is often one of the most important financial decisions people make. Borrowers choose the interest rate differential at which to refinance, and when that differential is reached, they need to take the steps to refinance before rates change again. Using a simple closed-form solution approximation of the optimal refinancing rule and a unique panel data set including information from a large secondary market participant on refinancing, we find that approximately 57% of borro...
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作者：Grolleau, Gilles; Kocher, Martin G.; Sutan, Angela
作者单位：Institut National de la Sante et de la Recherche Medicale (Inserm); Institut Agro; Montpellier SupAgro; Centre National de la Recherche Scientifique (CNRS); Universite de Montpellier; Universite Bourgogne Europe; University of Munich; Queensland University of Technology (QUT); University of Gothenburg; Centre National de la Recherche Scientifique (CNRS); CNRS - Institute for Humanities & Social Sciences (INSHS); Institut Agro; Montpellier SupAgro; Universite de Montpellier
摘要：Does the extent of cheating depend on a proper reference point? We use a real-effort matrix task that implements a two (gain versus loss frame) times two (monitored performance versus unmonitored performance) between-subjects design with 600 experimental participants to examine whether the extent of cheating is reference dependent. Self-reported performance in the unmonitored condition is significantly higher than actual performance in the monitored condition-a clear indication of cheating. Ho...
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作者：Karlan, Dean; McConnell, Margaret; Mullainathan, Sendhil; Zinman, Jonathan
作者单位：Yale University; Harvard University; Harvard T.H. Chan School of Public Health; Harvard University; Dartmouth College
摘要：We provide evidence from field experiments with three different banks that reminder messages increase commitment attainment for clients who recently opened commitment savings accounts. Messages that mention both savings goals and financial incentives are particularly effective, whereas other content variations such as gain versus loss framing do not have significantly different effects. Nor do we find evidence that receiving additional late reminders has an additive effect. These empirical res...
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作者：Luca, Michael; Zervas, Georgios
作者单位：Harvard University; Boston University
摘要：Consumer reviews are now part of everyday decision making. Yet the credibility of these reviews is fundamentally undermined when businesses commit review fraud, creating fake reviews for themselves or their competitors. We investigate the economic incentives to commit review fraud on the popular review platform Yelp, using two complementary approaches and data sets. We begin by analyzing restaurant reviews that are identified by Yelp's filtering algorithm as suspicious, or fake-and treat these...
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作者：Degryse, Hans; Ioannidou, Vasso; von Schedvin, Erik
作者单位：KU Leuven; Centre for Economic Policy Research - UK; Lancaster University; Sveriges Riksbank
摘要：We study how a bank's willingness to lend to a previously exclusive firm changes once the firm obtains a loan from another bank (outside loan) and breaks an exclusive relationship. Using a difference-indifference analysis and a setting where outside loans are observable, we document that an outside loan triggers a decrease in the initial bank's willingness to lend to the firm, i.e., outside loans are strategic substitutes. Consistent with concerns about coordination problems and higher indebte...
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作者：Longarela, Inaki R.
作者单位：Stockholm University; UiT The Arctic University of Tromso
摘要：In this paper, the set of all second-order stochastic dominance (SSD)-efficient portfolios is characterized by using a series of mixed-integer linear constraints. Our derivation employs a combination of the first-order conditions of the utility maximization problem together with a judicious use of binary variables. This result opens the door to the formulation of optimizations whose objective function is free to select a particular portfolio out of the entire SSD-efficient set.
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作者：Subramanian, Upender; Rao, Ram C.
作者单位：University of Texas System; University of Texas Dallas
摘要：Daily deal websites help small local merchants to attract new consumers. A strategy adopted by some websites is to continually track and display the number of deals sold by a merchant. We investigate the strategic implications of displaying deal sales and the website's incentive to implement this feature. We analyze a market in which a merchant offering an experience good is privately informed of its type. Whereas daily deals cannibalize a merchant's revenue from experienced consumers, we show...
