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作者：Buser, Thomas
作者单位：University of Amsterdam
摘要：How do people react to setbacks and successes? I use a laboratory experiment to determine the effect of winning and losing in a competition on the willingness to seek further challenges. Participants compete in two-person tournaments in an arithmetic task and are then informed of their score and the outcome of the competition. Participants then have to decide on a performance target for a second round: the higher the target, the higher the potential reward, but participants who do not reach th...
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作者：Belo, Rodrigo; Ferreira, Pedro; Telang, Rahul
作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; Carnegie Mellon University; Carnegie Mellon University
摘要：Providing broadband to schools can be an effective way to foster household Internet adoption in neighboring areas. On the one hand, the infrastructure put into place to meet schools' needs can also serve households. On the other hand, students get acquainted with the Internet at school and signal its usefulness to adults at home who, consequently, can be more likely to adopt it. In this paper, we model the roles that broadband use at school and Internet adoption in neighboring households play ...
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作者：Cui, Shiliang; Veeraraghavan, Senthil
作者单位：Georgetown University; University of Pennsylvania
摘要：In many service settings, customers have to join the queue without being fully aware of the parameters of the service provider (e.g., customers at checkout counters may not know the true service rate before joining). In such blind queues,customers make their joining/balking decisions based on limited information about the service provider's operational parameters (from past service experiences, reviews, etc.) and queue lengths. We analyze a firm serving customers making decisions under arbitra...
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作者：Bhat, Gauri; Callen, Jeffrey L.; Segal, Dan
作者单位：Southern Methodist University; University of Toronto; Reichman University
摘要：This study tests whether international financial reporting standards (IFRS) adoption increased accounting transparency based on model-driven hypotheses. Duffie and Lando [Duffie D, Lando D (2001) Term structures of credit spreads with incomplete accounting information. Econometrica 69(3):633-644] show that changes to accounting transparency affect the spread/maturity relation of credit default swap (CDS) instruments in very specific ways. Consistent with their model, we find that CDS spreads a...
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作者：Hui, Xiang; Saeedi, Maryam; Shen, Zeqian; Sundaresan, Neel
作者单位：University System of Ohio; Ohio State University; eBay Inc.; Microsoft
摘要：To mitigate inefficiencies arising from asymmetric information, some markets rely on government interventions, whereas others rely on reputation systems, warranties, or guarantees. This paper explores the impact of two mechanisms, namely, reputation badges and buyer protection programs, and their interaction on eBay's marketplace. Adding buyer protection reduces the premium for the reputation badge and increases efficiency in the marketplace. These efficiency gains are achieved by reducing mor...
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作者：Ke, T. Tony; Shen, Zuo-Jun Max; Villas-Boas, J. Miguel
作者单位：Massachusetts Institute of Technology (MIT); University of California System; University of California Berkeley; University of California System; University of California Berkeley; University of California System; University of California Berkeley
摘要：We develop a framework for continuous search for information on a choice set of multiple alternatives and apply it to consumer search in a product market. When a consumer considers purchasing a product in a product category, the consumer can gather information sequentially on several products. At each moment, the consumer can choose which product to gather more information on and whether to stop gathering information and purchase one of the products or to exit the market with no purchase. Give...
