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作者：Liu, Tracy Xiao; Yang, Jiang; Adamic, Lada A.; Chen, Yan
作者单位：Tsinghua University; International Business Machines (IBM); IBM USA; University of Michigan System; University of Michigan
摘要：To explore the effects of different incentives on crowdsourcing participation and submission quality, we conduct a randomized field experiment on Taskcn, a large Chinese crowdsourcing site using mechanisms with features of an all-pay auction. In our study, we systematically vary the size of the reward as well as the presence of a soft reserve, or early high-quality submission. We find that a higher reward induces significantly more submissions and submissions of higher quality. In comparison, ...
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作者：Jiang, Hao; Verbeek, Marno; Wang, Yu
作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; University of Texas System; University of Texas Austin
摘要：The consensus wisdom of active mutual fund managers, as reflected in their average over- and underweighting decisions, contains valuable information about future stock returns. Analyzing a comprehensive sample of active U.S. equity funds from 1984 to 2008, we find that stocks heavily overweighted by active funds out-perform their underweighted counterparts by more than 7% per year, after adjustments for their loadings on the market, size, value, and momentum factors. This large premium dissipa...
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作者：Ovchinnikov, Anton; Boulu-Reshef, Beatrice; Pfeifer, Phillip E.
作者单位：University of Virginia; University of Virginia
摘要：This paper discusses the interaction between revenue management and customer relationship management for a firm that operates in a customer retention situation but faces limited capacity. We present a dynamic programming model for how the firm balances investments in customer acquisition and retention, as well as retention across multiple customer types. We characterize the optimal policy and discuss how the policy changes depending on capacity limitations. We then contrast the modeling result...
