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作者：Subramanian, Ajay
作者单位：University System of Georgia; Georgia State University
摘要：We develop a tractable equilibrium model of competing firms in an industry to show how the distribution of firm qualities, moral hazard, and product market characteristics interact to affect firm size, managerial compensation, and market structure. Different determinants of product market competition have contrasting effects on firm size and managerial compensation. Although both firm size and managerial compensation increase with the entry cost, they increase with the elasticity of substituti...
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作者：Mak, Ho-Yin; Rong, Ying; Shen, Zuo-Jun Max
作者单位：Hong Kong University of Science & Technology; Shanghai Jiao Tong University; University of California System; University of California Berkeley
摘要：Electric vehicles (EVs) have been proposed as a key technology to help cut down the massive greenhouse gas emissions from the transportation sector. Unfortunately, because of the limited capacity of batteries, typical EVs can only travel for about 100 miles on a single charge and require hours to be recharged. The industry has proposed a novel solution centered around the use of swapping stations, at which depleted batteries can be exchanged for recharged ones in the middle of long trips. The ...
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作者：Ederer, Florian; Manso, Gustavo
作者单位：University of California System; University of California Los Angeles; University of California System; University of California Berkeley
摘要：Previous research in economics shows that compensation based on the pay-for-performance principle is effective in inducing higher levels of effort and productivity. On the other hand, research in psychology argues that performance-based financial incentives inhibit creativity and innovation. How should managerial compensation be structured if the goal is to induce managers to pursue more innovative business strategies? In a controlled laboratory setting, we provide evidence that the combinatio...
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作者：Yuan, Hong; Gomez, Miguel I.; Rao, Vithala R.
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Oregon; Cornell University; Cornell University
摘要：In this paper, we examine trade promotion decisions in manufacturer-retailer channels where retailers face consumer demand uncertainty. We first present the theoretical analysis for two types of markets where trade promotion discounts are offered either as off-invoices or as scan-backs. We derive propositions by comparing wholesale and retail prices, retailer order quantities, and profits given the same trade promotion discount. Next, we extend the basic model so that the amount of trade promo...
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作者：Holm, Hakan J.; Opper, Sonja; Nee, Victor
作者单位：Lund University; Cornell University
摘要：This study reports findings from the first large-scale experiment investigating whether entrepreneurs differ 1 from other people in their willingness to expose themselves to various forms of uncertainty. A stratified random sample of 700 chief executive officers from the Yangzi delta region in China is compared to 200 control group members. Our findings suggest that in economic decisions, entrepreneurs are more willing to accept strategic uncertainty related to multilateral competition and tru...
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作者：Hoogendoorn, Sander; Oosterbeek, Hessel; van Praag, Mirjam
作者单位：University of Amsterdam; Tinbergen Institute
摘要：This paper reports on a field experiment conducted to estimate the impact of the share of women in business teams on their performance. Teams consisting of undergraduate students in business studies start up a venture as part of their curriculum. We manipulated the gender composition of teams and assigned students randomly to teams, conditional on their gender. We find that teams with an equal gender mix perform better than male-dominated teams in terms of sales and profits. We explore various...
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作者：Louis, Henock; Sun, Amy X.; Urcan, Oktay
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of Houston System; University of Houston; University of London; London Business School
摘要：Analysts deviate from management guidance to correct for perceived earnings management. Although the deviations reduce forecast accuracy, they improve forecast informativeness, bringing the forecasts closer to the unmanaged earnings and reducing accruals mispricing. An implicit assumption in the literature is that more accurate analyst forecasts (i.e., estimates that are closer to the reported earnings) are better for investors, and that analysts' objective is to forecast the reported (managed...
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作者：Foley, C. Fritz; Kerr, William R.
作者单位：Harvard University; National Bureau of Economic Research
摘要：This paper studies the impact that ethnic innovators have on the global activities of U.S. firms by analyzing I detailed data on patent applications and on the operations of the foreign affiliates of U.S. multinational firms. The results indicate that increases in the share of a firm's innovation performed by inventors of a particular ethnicity are associated with increases in the share of that firm's affiliate activity in countries related to that ethnicity Ethnic innovators also appear to fa...
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作者：Massey, Cade; Thaler, Richard H.
作者单位：University of Pennsylvania; University of Chicago
摘要：A question of increasing interest to researchers in a variety of fields is whether the biases found in judgment and decision-making research remain present in contexts in which experienced participants face strong economic incentives. To investigate this question, we analyze the decision making of National Football League teams during their annual player draft. This is a domain in which monetary stakes are exceedingly high and the opportunities for learning are rich. It is also a domain in whi...
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作者：Lichtendahl, Kenneth C., Jr.; Grushka-Cockayne, Yael; Winkler, Robert L.
作者单位：University of Virginia; Duke University
摘要：We consider two ways to aggregate expert opinions using simple averages: averaging probabilities and averaging quantiles. We examine analytical properties of these forecasts and compare their ability to harness the wisdom of the crowd. In terms of location, the two average forecasts have the same mean. The average quantile forecast is always sharper: it has lower variance than the average probability forecast. Even when the average probability forecast is overconfident, the shape of the averag...
