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作者：Berge, Lars Ivar Oppedal; Bjorvatn, Kjetil; Tungodden, Bertil
作者单位：Norwegian School of Economics (NHH)
摘要：Microenterprises constitute an important source of employment, and developing such enterprises is a key policy concern in most countries. But what is the most efficient tool for microenterprise development? We study this question in a developing country context (Tanzania), where microenterprises are the source of employment for more than half of the labor force, and we report from a field experiment that jointly investigated the importance of a human capital intervention (business training) an...
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作者：Liu, Xuewen
作者单位：Hong Kong University of Science & Technology
摘要：This paper investigates the mechanism through which short selling of a bank's stocks can trigger the failure of the bank. In the model, creditors, who learn information from stock prices, will grow increasingly unsure about the bank's true fundamentals in facing noisier stock prices; thus a run on the bank is more likely because of creditors' concave payoff. Understanding this, speculators conduct short selling beforehand to amplify (il)liquidity and add noise to stock prices, triggering a ban...
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作者：Mishra, Himanshu; Mishra, Arul; Moreno, Oscar
作者单位：Utah System of Higher Education; University of Utah
摘要：In instances of decision making under uncertainty with a visual component, we propose that individuals show a bias and estimate a higher probability of a threat affecting them if the threat is located in their left visual field compared to their right visual field. Across four studies we demonstrate the bias in naturalistic settings such as pedestrians assessing the risk of crossing the street, individuals estimating the risk posed from an unsavory person, and people assessing the contaminatio...
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作者：Balseiro, Santiago R.; Besbes, Omar; Weintraub, Gabriel Y.
作者单位：Duke University; Columbia University
摘要：Ad exchanges are emerging Internet markets where advertisers may purchase display ad placements, in real time and based on specific viewer information, directly from publishers via a simple auction mechanism. Advertisers join these markets with a prespecified budget and participate in multiple second-price auctions over the length of a campaign. This paper studies the competitive landscape that arises in ad exchanges and the implications for publishers' decisions. The presence of budgets intro...
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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：Besbes, Omar; Zeevi, Assaf
作者单位：Columbia University
摘要：We consider a multiperiod single product pricing problem with an unknown demand curve. The seller's objective is to adjust prices in each period so as to maximize cumulative expected revenues over a given finite time horizon; in doing so, the seller needs to resolve the tension between learning the unknown demand curve and maximizing earned revenues. The main question that we investigate is the following: How large of a revenue loss is incurred if the seller uses a simple parametric model that...
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作者：Herrmann, Philipp N.; Kundisch, Dennis O.; Rahman, Mohammad S.
作者单位：University of Paderborn; Purdue University System; Purdue University
摘要：We investigate the impact of delegating decision making to information technology (IT) on an important human decision bias-the sunk cost effect. To address our research question, we use a unique data set containing actual market transaction data for approximately 7,000 pay-per-bid auctions. In contrast with the laboratory experiments of previous related studies, our research presents the unique advantage of investigating the effects of IT-enabled automated bidding agents on the occurrence of a...
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作者：Ebbes, Peter; Liechty, John C.; Grewal, Rajdeep
作者单位：Hautes Etudes Commerciales (HEC) Paris; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：Modeling consumer heterogeneity helps practitioners understand market structures and devise effective marketing strategies. In this research we study finite mixture specifications for modeling consumer heterogeneity where each regression coefficient has its own finite mixture-that is, an attribute finite mixture model. An important challenge of such an approach to modeling heterogeneity lies in its estimation. A proposed Bayesian estimation approach, based on recent advances in reversible-jump...
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作者：Avci, Buket; Girotra, Karan; Netessine, Serguei
作者单位：Singapore Management University; INSEAD Business School; INSEAD Business School
摘要：The transportation sector's carbon footprint and dependence on oil are of deep concern to policy makers in many countries. Use of all-electric drive trains is arguably the most realistic medium-term solution to address these concerns. However, motorist anxiety induced by an electric vehicle's limited range and high battery cost have constrained consumer adoption. A novel switching-station-based solution is touted as a promising remedy. Vehicles use standardized batteries that, when depleted, c...
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作者：Claussen, Jorg; Kretschmer, Tobias; Stieglitz, Nils
作者单位：Copenhagen Business School; University of Munich; Frankfurt School Finance & Management
摘要：We address the contested state of theory and the mixed empirical evidence on the relationship between turbulence and vertical scope by studying how turbulence affects the benefits of commitment from integrated development of components and the benefits of flexibility from sourcing components externally. We show that increasing turbulence first increases but then decreases the relative value of vertical integration. Moderate turbulence reduces the value of flexibility by making supplier selecti...
