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作者:Ayer, Turgay; Alagoz, Oguzhan; Stout, Natasha K.; Burnside, Elizabeth S.
作者单位:University System of Georgia; Georgia Institute of Technology; University of Wisconsin System; University of Wisconsin Madison; Harvard Pilgrim Health Care; Harvard University; Harvard Medical School; University of Wisconsin System; University of Wisconsin Madison
摘要:Most major health institutions recommend women to undergo repeat mammography screening for early diagnosis of breast cancer, the leading cause of cancer deaths among women worldwide. Although the proportion of women who ever had a mammogram is increasing, a majority of women do not get repeat mammograms. This paper analyzes the role of heterogeneity in women's adherence on optimal mammography screening recommendations. We develop a dynamic modeling framework that considers imperfect and hetero...
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作者:Cohen, Maxime C.; Lobel, Ruben; Perakis, Georgia
作者单位:Massachusetts Institute of Technology (MIT); University of Pennsylvania; Massachusetts Institute of Technology (MIT)
摘要:This paper studies government subsidies for green technology adoption while considering the manufacturing industry's response. Government subsidies offered directly to consumers impact the supplier's production and pricing decisions. Our analysis expands the current understanding of the price-setting newsvendor model, incorporating the external influence from the government, who is now an additional player in the system. We quantify how demand uncertainty impacts the various players (governmen...
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作者:Das Gupta, Aparupa; Karmarkar, Uday S.; Roels, Guillaume
作者单位:Cisco Systems Inc; Cisco USA; University of California System; University of California Los Angeles
摘要:For many consumer-intensive (i.e., business-to-consumer) services, delivering memorable customer experiences is a source of competitive advantage. Yet there are few guidelines available for designing service encounters with a focus on customer satisfaction. In this paper, we show how experiential services should be sequenced and timed to maximize the satisfaction of customers who are subject to memory decay and acclimation. We find that memory decay favors positioning the highest service level...
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作者:Levy, Haim
作者单位:Hebrew University of Jerusalem
摘要:The increase in life expectancy spells disaster at retirement. One can solve this problem by investing in the maximum geometric mean (MGM) portfolio, which is empirically composed from equity. For a T=30 year horizon or more, the MGM portfolio dominates other investment strategies by almost first-degree stochastic dominance. The MGM portfolio also maximizes the expected value of the commonly employed preferences and prospect theory value function, for various loss aversion parameters and vario...
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作者:Bohnet, Iris; van Geen, Alexandra; Bazerman, Max
作者单位:Harvard University; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; Harvard University
摘要:Gender bias in the evaluation of job candidates has been demonstrated in business, government, and academia, yet little is known about how to overcome it. Blind evaluation procedures have been proven to significantly increase the likelihood that women musicians are chosen for orchestras, and they are employed by a few companies. We examine a new intervention to overcome gender bias in hiring, promotion, and job assignments: an evaluation nudge in which people are evaluated jointly rather than ...
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作者:Mu, Liying; Dawande, Milind; Geng, Xianjun; Mookerjee, Vijay
作者单位:University of Delaware; University of Texas System; University of Texas Dallas
摘要:We examine operational and incentive issues that conspire to reduce the quality of milk-via deliberate adulteration by milk farmers-acquired by competing collection intermediaries in developing countries. Broadly speaking, three main forces in the milk supply chain lead to the low quality of milk: high testing costs, harmful competition among stations, and free-riding among farmers. The goal of this study is to provide recommendations that address the quality problem with minimal testing. Inte...
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作者:Lin, Mingfeng; Viswanathan, Siva
作者单位:University of Arizona; University System of Maryland; University of Maryland College Park
摘要:An extensive literature in economics and finance has documented home bias, the tendency that transactions are more likely to occur between parties in the same geographical area rather than outside. Using data from a large online crowdfunding marketplace and employing a quasi-experimental design, we find evidence that home bias still exists in this virtual marketplace for financial products. Furthermore, through a series of empirical tests, we show that rationality-based explanations cannot ful...
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作者:Bertsimas, Dimitris; O'Hair, Allison; Relyea, Stephen; Silberholz, John
作者单位:Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); Stanford University; Massachusetts Institute of Technology (MIT); Lincoln Laboratory
摘要:Cancer is a leading cause of death worldwide, and advanced cancer is often treated with combinations of multiple chemotherapy drugs. In this work, we develop models to predict the outcomes of clinical trials testing combination chemotherapy regimens before they are run and to select the combination chemotherapy regimens to be tested in new phase II and phase III clinical trials, with the primary objective of improving the quality of regimens tested in phase III trials compared to current pract...
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作者:Jappelli, Tullio; Padula, Mario
作者单位:University of Naples Federico II; Center for Economic & Policy Research (CEPR); Universita della Svizzera Italiana
摘要:In 2000, Italy replaced its traditional system of severance pay for public employees with a new system. Under the old regime, severance pay was proportional to the final salary before retirement; under the new regime it is proportional to lifetime earnings. This reform entails substantial losses for future generations of public employees, in the range of (sic)20,000-(sic)30,000, depending on seniority. Using a difference-in-difference framework, we estimate the impact of this unanticipated cha...
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作者:Bauer, Daniel; Zanjani, George
作者单位:University System of Georgia; Georgia State University
摘要:Financial institutions use risk measures to calculate the marginal capital cost when expanding the exposure to a certain risk within their portfolio. We reverse this approach by calculating the marginal cost based on economic fundamentals for a profit-maximizing firm and then by identifying the risk measure delivering the correct marginal cost. The resulting measure depends on context. Whereas familiar measures can be recovered in some circumstances, other circumstances yield unfamiliar forms....