-
作者：Schlapp, Jochen; Oraiopoulos, Nektarios; Mak, Vincent
作者单位：University of Mannheim; University of Cambridge
摘要：Research and development (R&D) projects face significant organizational challenges, especially when the different units who run these projects compete among each other for resources. In such cases, information sharing among the different units is critical, but it cannot be taken for granted. Instead, individual units need to be incentivized to not only exert effort in evaluating their projects, but also to truthfully reveal their findings. The former requires an emphasis on individual performa...
-
作者：Shy, Oz
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Boston
摘要：This paper constructs a model of service providers who compete in service and labor markets simultaneously to analyze the effects of tipping on hourly wages and total tip-inclusive hourly worker compensation. An increase in the tipping rate reduces hourly wages. Total worker compensation increases at different rates depending on the market structure, market coverage, and employment level, with the exception of price-taking (competitive) service providers, where the tip-inclusive hourly income ...
-
作者：Overby, Eric; Kannan, Karthik
作者单位：University System of Georgia; Georgia Institute of Technology; Purdue University System; Purdue University
摘要：Electronic commerce allows bidders to find and participate in auctions regardless of location. This reduction in bidders' search costs has important effects on bidders' participation patterns and sellers' revenue. The demand expansion effect occurs when reduced search costs allow bidders to participate in more auctions. The demand distribution effect occurs when reduced search costs allow bidders to distribute themselves more evenly across auctions. We focus on the latter effect by modeling wh...
-
作者：Savva, Nicos; Taneri, Niyazi
作者单位：University of London; London Business School; Singapore University of Technology & Design
摘要：We develop a model based on asymmetric information (adverse selection) that provides a rational explanation for the persistent use of royalties alongside equity in university technology transfer. The model shows how royalties, through their value-destroying distortions, can act as a screening tool that allows a less-informed principal, such as the university's Technology Transfer Office (TTO), to elicit private information from the more informed spin-off. We also show that equity-royalty contr...
-
作者：Burtch, Gordon; Ghose, Anindya; Wattal, Sunil
作者单位：University of Minnesota System; University of Minnesota Twin Cities; New York University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
摘要：Online crowdfunding has received a great deal of attention as a promising avenue to fostering entrepreneurship and innovation. Because online settings bring increased visibility and traceability of transactions, many crowdfunding platforms provide mechanisms that enable a campaign contributor to conceal his or her identity or contribution amount from peers. We study the impact of these information (privacy) control mechanisms on crowdfunder behavior. Employing a randomized experiment at one of...
-
作者：Liu, Yu-Jane; Zhang, Zheng; Zhao, Longkai
作者单位：Peking University
摘要：This paper demonstrates that speculative activities can be contagious and spill over across markets. Specifically, we test the hypothesis that during China's warrants bubble period, speculative activities in the warrants market grabbed investors' attention and caused them to trade more speculatively in the underlying stocks. Consistent with this hypothesis, we find that turnover and return volatility of the underlying stocks are positively associated with the warrants' unexpected turnover and ...
-
作者：Branzoli, Nicola; Decarolis, Francesco
作者单位：European Central Bank; Bank of Italy; Boston University
摘要：We empirically study how the interplay between entry and subcontracting choices is affected by the use of different auction formats in public procurement. The difference-in-differences strategy used exploits a data set of auctions for public works run alternately under first price and average bid auctions. We find that the use of first price auctions causes a marked decline in both entry and subcontracting. We also find that the type of firms entering first price auctions changes with firms be...
-
作者：Sriram, S.; Chintagunta, Pradeep K.; Manchanda, Puneet
作者单位：University of Michigan System; University of Michigan; University of Chicago
摘要：We investigate the roles of the level and variability in quality in driving customer retention for a new service. We present model-free evidence that whereas high average quality helps in retaining customers, high variability leads to higher termination rates. Apart from these main effects, we use model-free evidence to document the presence of (a) an interaction effect between average service quality and its variability on termination rates, (b) customer learning about service quality over ti...
-
作者：Phillips, Robert; Simsek, A. Serdar; van Ryzin, Garrett
作者单位：Columbia University; Cornell University
摘要：In many markets, it is common for headquarters to create a price list but grant local salespeople discretion to negotiate prices for individual transactions. How much (if any) pricing discretion headquarters should grant is a topic of debate within many firms. We investigate this issue using a unique data set from an indirect lender with local pricing discretion. We estimate that the local sales force adjusted prices in a way that improved profits by approximately 11% on average. A counterfact...
-
作者：Qian, Yi; Xie, Hui
作者单位：University of British Columbia; University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital
摘要：Databases play a central role in evidence-based innovations in business, economics, social, and health sciences. In modern business and society, there are rapidly growing demands for constructing analytically valid databases that also are secure and protect sensitive information to meet customer and public expectations, to minimize financial losses, and to comply with privacy regulations and laws. We propose new data perturbation and shuffling (DPS) procedures, named MORE, for this purpose. As...
