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作者：Leider, Stephen; Sahin, Oezge
作者单位：University of Michigan System; University of Michigan; Johns Hopkins University
摘要：W e study theoretically and empirically the consumption of access services. We demonstrate that consumption is affected by contract structure (pay-per-use versus three-part tariffs) even if the optimal consumption plans are identical. We find that, although there is extensive individual heterogeneity, on average, consumers' choices follow a structure that is similar to a nearly optimal heuristic and correctly react to imbalances between the number of free calls and call opportunities remaining...
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作者：Sterling, Adina D.
作者单位：Washington University (WUSTL)
摘要：This paper examines how organizations use employee networks to contend with job seekers' search behavior. According to prior research, in markets where job seekers engage in nonsequential job search, organizations respond with tactics such as exploding offers and recruiting candidates earlier. In this paper, I posit that organizations have a social structural response. I argue that in an attempt to avoid problems related to candidates' job search, organizations are more likely to provide job o...
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作者：Gallego, Guillermo; Hu, Ming
作者单位：Columbia University; University of Toronto
摘要：We study dynamic price competition in an oligopolistic market with a mix of substitutable and complementary perishable assets. Each firm has a fixed initial stock of items and competes in setting prices to sell them over a finite sales horizon. Customers sequentially arrive at the market, make a purchase choice, and then leave immediately with some likelihood of no purchase. The purchase likelihood depends on the time of purchase, product attributes, and current prices. The demand structure in...
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作者：Brown, Jennifer; Minor, Dylan B.
作者单位：Northwestern University; National Bureau of Economic Research
摘要：We consider how past, current, and future competition within an elimination tournament affect the probability that the stronger player wins. We present a two-stage model that yields the following main results: (1) a shadow effect wherein the stronger the expected future competitor, the lower the probability that the stronger player wins in the current stage; and (2) an effort spillover effect wherein previous effort reduces the probability that the stronger player wins in the current stage. We...
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作者：Iyer, Krishnamurthy; Johari, Ramesh; Moallemi, Ciamac C.
作者单位：Cornell University; Stanford University; Columbia University
摘要：Recent years have seen extensive investigation of the information aggregation properties of markets. However, relatively little is known about conditions under which a market will aggregate the private information of rational risk-averse traders who optimize their portfolios over time; in particular, what features of a market encourage traders to ultimately reveal their private information through trades? We consider a market model involving finitely many informed risk-averse traders interacti...
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作者：Dutt, Nilanjana; King, Andrew A.
作者单位：Bocconi University; Dartmouth College
摘要：M any scholars have argued that systems for treating waste impede organizations from preventing waste in the first place. They theorize that end-of-pipe (EOP) treatment diminishes the incentive to avoid creating waste in the production process and obscures the information necessary to devise prevention techniques. This prediction has been widely accepted, influencing both policy and practice, despite both a lack of supporting empirical evidence and the existence of a counterprediction. In this...
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作者：Tambe, Prasanna
作者单位：New York University
摘要：This paper analyzes how labor market factors have shaped early returns on big data investment using a new data source-the LinkedIn skills database. The data source enables firm-level measurement of the employment of workers with technical skills such as Hadoop, MapReduce, and Apache Pig. From 2006 to 2011, Hadoop investments were associated with 3% faster productivity growth, but only for firms (a) with significant data assets and (b) in labor markets where similar investments by other firms h...
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作者：Fung, Simon Yu Kit; Gul, Ferdinand A.; Radhakrishnan, Suresh
作者单位：Hong Kong Polytechnic University; Monash University; Monash University Malaysia; University of Texas System; University of Texas Dallas
摘要：We examine the relationship between investment banks' initial public offering (IPO) market shares and their prior IPO underpricing in the new IPO market for China-based companies on the Hong Kong Stock Exchange. To gain expertise in Chinese business practices, investment banks have the incentive to obtain business in this new IPO market by providing high offer prices to the issuer, leading to less underpricing and less money on the table. We hypothesize and find that the less an investment ban...
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作者：Aggarwal, Vikas A.; Hsu, David H.
作者单位：INSEAD Business School; University of Pennsylvania
摘要：We examine how initial public offerings (IPOs) and acquisitions affect entrepreneurial innovation as measured by patent counts and forward patent citations. We construct a firm-year panel data set of all venture capital-backed biotechnology firms founded between 1980 and 2000, tracked yearly through 2006. We address the possibility of unobserved self-selection into exit mode by using coarsened exact matching, and in two additional ways: (1) comparing firms that filed for an IPO (or announced a...
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作者：Liang, Chao; Cakanyildirim, Metin; Sethi, Suresh P.
作者单位：University of Texas System; University of Texas Dallas
摘要：Frequent product introductions emphasize the importance of product rollover strategies. With single rollover, when a new product is introduced, the old product is phased out from the market. With dual rollover, the old product remains in the market along with the new product. Anticipating the introduction of the new product and the potential markdown of the old product, strategic customers may delay their purchases. We study the interaction between product rollover strategies and strategic cus...
