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作者：Fay, Scott; Xie, Jinhong
作者单位：Syracuse University; State University System of Florida; University of Florida
摘要：This paper examines probabilistic selling (PS) as an inventory-management mechanism, paying special attention to the impact of the timing of product assignment to buyers of probabilistic goods. In practice, sellers tend to offer probabilistic products only after major demand uncertainty has been resolved. By deferring product assignments, a firm is able to obtain more information about demand for each specific product before deciding which product to assign to consumers. However, our analysis ...
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作者：Liu, Peggy J.; Haws, Kelly L.; Lamberton, Cait; Campbell, Troy H.; Fitzsimons, Gavan J.
作者单位：Duke University; Vanderbilt University; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
摘要：We introduce a simple solution to help consumers manage choices between healthy and unhealthy food options: vice-virtue bundles. Vice-virtue bundles are item aggregates with varying proportions of both vice and virtue, holding overall quantity constant. Four studies compare choice and perceptions of differently composed vice-virtue bundles relative to one another and to pure vice and pure virtue options. Although multiple consumer segments can be identified, results suggest that people overall...
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作者：Gray, John V.; Siemsen, Enno; Vasudeva, Gurneeta
作者单位：University System of Ohio; Ohio State University; University of Minnesota System; University of Minnesota Twin Cities
摘要：This study investigates the conformance quality benefits of colocating manufacturing with research and development (R&D) activities. Findings from a panel data set of U.S.-based pharmaceutical plants over a 13-year period reveal that colocation of manufacturing and R&D relates to better conformance quality, on average, across the entire sample. We find that these benefits of colocation persist throughout the time period we study (1994-2007), which is surprising, given the rapid development of ...
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作者：Jank, Stephan
作者单位：Frankfurt School Finance & Management; University of Cologne
摘要：This paper documents how the changing composition of U.S. publicly traded firms has prompted a decline in the long-run mean of the aggregate dividend-price ratio, most notably since the 1970s. Adjusting the dividend-price ratio for such changes resolves several issues with respect to the predictability of stock market returns: the adjusted dividend-price ratio is less persistent, in-sample evidence for predictability is more pronounced, there is greater parameter stability in the predictive re...
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作者：Roberti, Roberto; Bartolini, Enrico; Mingozzi, Aristide
作者单位：University of Bologna; Aalto University; University of Bologna
摘要：The fixed charge transportation problem generalizes the well-known transportation problem where the cost of sending goods from a source to a sink is composed of a fixed cost and a continuous cost proportional to the amount of goods sent. In this paper, we describe a new integer programming formulation with exponentially many variables corresponding to all possible flow patterns to sinks. We show that the linear relaxation of the new formulation is tighter than that of the standard mixed intege...
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作者：Zimmermann, Florian
作者单位：University of Zurich
摘要：In this paper we examine individuals' attitudes toward the timing of information. We test a theoretical prediction that people prefer to get information clumped together rather than piecewise. We conduct a controlled lab experiment where subjects participate in a lottery and can choose between different resolutions of uncertainty (clumped or piecewise) and analyze which kind of resolution is preferred. Two additional treatments allow us to get a quantitative measure of subjects' preferences ov...
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作者：Casadesus-Masanell, Ramon; Hervas-Drane, Andres
作者单位：Harvard University; City St Georges, University of London
摘要：We analyze the implications of consumer privacy for competition in the marketplace. Firms compete for consumer information and derive revenues both from consumer purchases as well as from disclosing consumer information in a secondary market. Consumers choose which firm to patronize and how much personal information to provide it with. We show that firms maximize profits by focusing on a single revenue source and competing at the extensive rather than the intensive margin, outperforming compet...
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作者：Alexandrov, Alexei
摘要：I analyze a firm making a decision whether to expose itself to risk in an exogenous parameter when the firm can change a choice variable after observing the realization of the exogenous parameter. For example, the firm decides whether to choose an advertising campaign with a less certain outcome (conditional on the same expected outcome) when it can adjust the product's price after seeing the effects of the campaign. I show that in many cases, the firm wants to expose itself to risk, and I out...
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作者：Cui, Ruomeng; Allon, Gad; Bassamboo, Achal; Van Mieghem, Jan A.
作者单位：Indiana University System; Indiana University Bloomington; IU Kelley School of Business; Northwestern University
摘要：We provide an empirical and theoretical assessment of the value of information sharing in a two-stage supply chain. The value of downstream sales information to the upstream firm stems from improving upstream order fulfillment forecast accuracy. Such an improvement can lead to lower safety stock and better service. Based on the data collected from a consumer packaged goods company, we empirically show that, if the company includes the downstream sales data to forecast orders, the improvement i...
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作者：Mao, Lei; Tserlukevich, Yuri
作者单位：University of Warwick; Arizona State University; Arizona State University-Tempe
摘要：In this paper we build a theoretical model of a firm repurchasing its corporate debt. We find that firm creditors as a group sell debt to the firm only at face value. However, because of the cross-creditor externalities, buying back debt is cheaper and easier when there are many creditors, e.g., when debt is traded on the open market. We further show that repurchases contribute to flexibility in firms' capital structure and can increase ex ante firm value. The value of repurchases to the share...
