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作者：Goh, Joel; Pfeffer, Jeffrey; Zenios, Stefanos A.
作者单位：Harvard University; Stanford University
摘要：Even though epidemiological evidence links specific workplace stressors to health outcomes, the aggregate contribution of these factors to overall mortality and health spending in the United States is not known. In this paper, we build a model to estimate the excess mortality and incremental health expenditures associated with exposure to the following 10 workplace stressors: unemployment, lack of health insurance, exposure to shift work, long working hours, job insecurity, work-family conflic...
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作者：He, Zhiguo; Matvos, Gregor
作者单位：University of Chicago; National Bureau of Economic Research
摘要：The existing theoretical literature provides little justification for a corporate debt subsidy. We illustrate the welfare benefit of this subsidy and study how the social costs and benefits change with the duration of industry distress. In our model, two firms engage in socially wasteful competition for survival in a declining industry. Firms differ on two dimensions: exogenous productivity and endogenously chosen amount of debt financing, resulting in a two-dimensional war of attrition. Debt ...
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作者：Yu, Man; Debo, Laurens; Kapuscinski, Roman
作者单位：Hong Kong University of Science & Technology; University of Chicago; University of Michigan System; University of Michigan
摘要：In this paper, we study the impact of consumer-generated quality information (e.g., consumer reviews) on a firm's dynamic pricing strategy in the presence of strategic consumers. Such information is useful, not only to the consumers that have not yet purchased the product but also to the firm. The informativeness of the consumer-generated quality information depends, however, on the volume of consumers who share their opinions and, thus, depends on the initial sales volume. Hence, via its init...
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作者：Kwon, H. Dharma; Xu, Wenxin; Agrawal, Anupam; Muthulingam, Suresh
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; Texas A&M University System; Texas A&M University College Station; Mays Business School; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：We investigate the interplay between learning effects and externalities in the problem of competitive investments with uncertain returns. We examine a game theoretic duopoly investment model in which (i) a firm can learn about the profitability of the investment by observing the performance of the first mover and (ii) externalities exist between the investments of two firms. We find a region of a war of attrition between the two firms in which the interplay between externalities and learning g...
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作者：Mantovani, Andrea; Ruiz-Aliseda, Francisco
作者单位：University of Bologna; Institut Polytechnique de Paris; Ecole Polytechnique
摘要：We provide a rationale for the recent burst in the amount of collaborative activities among firms selling complementary products, highlighting factors that may result in a lower profitability for such firms overall. To this end, we examine a game-theoretic model in which firms can collaborate with producers of complementary goods to enhance the quality of the systems formed by their components. Collaboration makes it cheaper to enhance such quality, so building innovation ecosystems results in...
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作者：Fugger, Nicolas; Katok, Elena; Wambach, Achim
作者单位：University of Cologne; University of Texas System; University of Texas Dallas
摘要：Although binding reverse auctions have attracted a good deal of interest in the academic literature, in practice, dynamic nonbinding reverse auctions are the norm in procurement. In those, suppliers submit price quotes and can respond to quotes of their competitors during a live auction event. However, the lowest quote does not necessarily determine the winner. The buyer decides after the contest, taking further supplier information into account, on who will be awarded the contract. We show, b...
