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作者：Hopkins, Justin J.; Maydew, Edward L.; Venkatachalam, Mohan
作者单位：University of Virginia; University of North Carolina; University of North Carolina Chapel Hill; Duke University
摘要：We examine the role of general counsel (GC) in firms' financial reporting quality. GCs have a broad oversight role within the firm, including keeping the firm in compliance with laws and regulations and dealing with potential violations with respect to financial reporting. Several high-profile U.S. Securities and Exchange Commission (SEC) investigations have resulted in lawsuits or indictments against GCs for perpetrating financial fraud and caused many to ask: where were the gatekeepers? As s...
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作者：Brogaard, Jonathan; Detzel, Andrew
作者单位：University of Washington; University of Washington Seattle
摘要：Using the news-based measure of Baker et al. [Baker SR, Bloom N, Davis SJ (2013) Measuring economic policy uncertainty. Working paper, Stanford University, Stanford, CA] to capture economic policy uncertainty (EPU) in the United States, we find that EPU positively forecasts log excess market returns. An increase of one standard deviation in EPU is associated with a 1.5% increase in forecasted three-month abnormal returns (6.1% annualized). Furthermore, innovations in EPU earn a significant neg...
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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：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：Acland, Dan; Levy, Matthew R.
作者单位：University of California System; University of California Berkeley; University of London; London School Economics & Political Science
摘要：We implement a gym-attendance incentive intervention and elicit subjects' predictions of their postintervention attendance. We find that subjects greatly overpredict future attendance, which we interpret as evidence of partial naivete with respect to present bias. We find a significant postintervention attendance increase, which we interpret as habit formation, and which subjects appear not to predict ex ante. These results are consistent with a model of projection bias with respect to habit f...
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作者：Ho, Teck-Hua
作者单位：University of California System; University of California Berkeley
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作者：Besbes, Omar; Lobel, Ilan
作者单位：Columbia University; New York University
摘要：We study a firm's optimal pricing policy under commitment. The firm's objective is to maximize its long-term average revenue given a steady arrival of strategic customers. In particular, customers arrive over time, are strategic in timing their purchases, and are heterogeneous along two dimensions: their valuation for the firm's product and their willingness to wait before purchasing or leaving. The customers' patience and valuation may be correlated in an arbitrary fashion. For this general f...
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作者：Hagiu, Andrei; Wright, Julian
作者单位：Harvard University; National University of Singapore
摘要：Intermediaries can choose between functioning as a marketplace (in which suppliers sell their products directly to buyers) or as a reseller (by purchasing products from suppliers and selling them to buyers). We model this as a decision between whether control rights over a noncontractible decision variable (the choice of some marketing activity) are better held by suppliers (the marketplace mode) or by the intermediary (the reseller mode). Whether the marketplace or the reseller mode is prefer...
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作者：Kim, Song-Hee; Chan, Carri W.; Olivares, Marcelo; Escobar, Gabriel
作者单位：Yale University; Columbia University; Universidad de Chile; Kaiser Permanente
摘要：This work examines the process of admission to a hospital's intensive care unit (ICU). ICUs currently lack systematic admission criteria, largely because the impact of ICU admission on patient outcomes has not been well quantified. This makes evaluating the performance of candidate admission strategies difficult. Using a large patient-level data set of more than 190,000 hospitalizations across 15 hospitals, we first quantify the cost of denied ICU admission for a number of patient outcomes. We...
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作者：Agrawal, Vishal V.; Atasu, Atalay; van Ittersum, Koert
作者单位：Georgetown University; University System of Georgia; Georgia Institute of Technology; University of Groningen
摘要：In this paper, we investigate whether and how the presence of remanufactured products and the identity of the remanufacturer influence the perceived value of new products through a series of behavioral experiments. Our results demonstrate that the presence of products remanufactured and sold by the original equipment manufacturer (OEM) can reduce the perceived value of new products by up to 8%. However, the presence of thirdparty-remanufactured products can increase the perceived value of new ...
