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作者：Gerakos, Joseph J.; Piotroski, Joseph D.; Srinivasan, Suraj
作者单位：University of Chicago; Stanford University; Harvard University
摘要：This paper examines how different types of interactions with U.S. markets by non-U.S. firms are associated 1 with higher levels of CEO pay, greater emphasis on incentive-based compensation, and smaller pay gaps with U.S. firms. Using a sample of CEOs of UK firms and using both broad cross-sectional and narrow event-window tests, we find that capital market relationship in the form of a U.S. exchange listing is related to higher UK CEO pay; however, the effect is similar when UK firms have a li...
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作者：Liu, Lin; Dukes, Anthony
作者单位：University of Southern California
摘要：We consider a theoretical setting in which firms carry multiple products and consumers incur evaluation costs not only across firms but also within firms. Consumers judiciously decide the number of firms to include in their consideration sets as well as how many products from those firms. This decision depends on the relative trade-offs of evaluating an additional product and whether it is from a firm already included in the consideration set or from an entirely new firm. The composition of co...
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作者：Chan, Tat; Narasimhan, Chakravarthi; Xie, Ying
作者单位：Washington University (WUSTL); University of Texas System; University of Texas Dallas
摘要：In this paper we study how treatment effectiveness and side effects impact the prescription decision of a risk-averse physician, and how detailing and patient feedback help reduce the physician's uncertainty in these two attributes in the erectile dysfunction category. To separately identify the impacts of effectiveness and side effects, we augment the observed prescription choices with unique data on self-reported reasons for switching in our estimation. Results show that the two new drugs Le...
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作者：Cvitanic, Jaksa; Wan, Xuhu; Yang, Huali
作者单位：Universite Catholique de Lille; EDHEC Business School; Hong Kong University of Science & Technology
摘要：We analyze a novel principal-agent problem of moral hazard and adverse selection in continuous time. The constant private shock revealed at time 0 when the agent selects the contract has a long-term impact on the optimal contract. The latter is based not only on the continuation value of the agent who truthfully reports but is also contingent upon the continuation value of the agent who misreports, called the temptation value. The good agent is retired when the temptation value of the bad agen...
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作者：Oh, Sechan; Ozer, Ozalp
作者单位：International Business Machines (IBM); IBM USA; University of Texas System; University of Texas Dallas
摘要：This paper investigates the role of time in forecast information sharing and decision making under uncertainty. To do so, we provide a general framework to model the evolutions of forecasts generated by multiple decision makers who forecast demand for the same product. We also model the evolutions of forecasts when decision makers have asymmetric demand information and refer to it as the Martingale Model of Asymmetric Forecast Evolutions. This model helps us study mechanism design problems in ...
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作者：Chen, Yuxin; Turut, Ozge
作者单位：New York University; NYU Shanghai; Sabanci University
摘要：Disruptive innovations introduce a new performance dimension into a product category, but often suffer from inferior performance on key performance dimensions of their existing substitutes. Hence, the followers of these innovations face an important decision to make: they must choose to improve the new technology either on the key performance dimension shared with the old technology or on the new performance dimension. This paper investigates which path firms should choose when they face such ...
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作者：Chioveanu, Ioana; Zhou, Jidong
作者单位：Brunel University; New York University
摘要：This paper proposes a model in which identical sellers of a homogeneous product compete in both prices and price frames (i.e., ways to present price information). Frame choices affect the comparability of price offers and may cause consumer confusion and lower price sensitivity. In equilibrium, firms randomize their frame choices to obfuscate price comparisons and sustain positive profits. The nature of the equilibrium depends on whether frame differentiation or frame complexity is more confus...
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作者：Sun, Monic; Zhu, Feng
作者单位：Stanford University; University of Southern California; University of Southern California
摘要：Many scholars argue that when incentivized by ad revenue, content providers are more likely to tailor their content to attract eyeballs, and as a result, popular content may be excessively supplied. We empirically test this prediction by taking advantage of the launch of an ad-revenue-sharing program initiated by a major Chinese portal site in September 2007. Participating bloggers allow the site to run ads on their blogs and receive 50% of the revenue generated by these ads. After analyzing 4...
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作者：Hu, Bin; Beil, Damian R.; Duenyas, Izak
作者单位：University of North Carolina; University of North Carolina Chapel Hill; University of Michigan System; University of Michigan
摘要：This paper studies an upstream supplier who quotes prices for a key component to multiple sellers that compete for an end-buyer's indivisible contract. At most one of the supplier's quotes may result in downstream contracting and hence produce revenue for her. We characterize the supplier's optimal price-quoting strategies and show that she will use one of two possible types of strategies, with her choice depending on the sellers' profit potentials relative to their uncertainties: secure, wher...
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作者：Phillips, Gordon; Sertsios, Giorgo
作者单位：University of Southern California; University of Houston System; University of Houston
摘要：We analyze the interaction of firm product quality and pricing decisions with financial distress and bankruptcy in the airline industry. We consider an airline's choices of quality and price as dynamic decisions that trade off current cash flows for future revenue. We examine how airline mishandled baggage, on-time performance, and pricing are related to financial distress and bankruptcy, controlling for the endogeneity of financial distress and bankruptcy. We find that an airline's quality de...
