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作者:Adomavicius, Gediminas; Curley, Shawn P.; Gupta, Alok; Sanyal, Pallab
作者单位:University of Minnesota System; University of Minnesota Twin Cities; George Mason University
摘要:Combinatorial auctions-in which bidders can bid on combinations of goods-can increase the economic efficiency of a trade when goods have complementarities. Recent theoretical developments have lessened the computational complexity of these auctions, but the issue of cognitive complexity remains an unexplored barrier for the online marketplace. This study uses a data-driven approach to explore how bidders react to the complexity in such auctions using three experimental feedback treatments. Usi...
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作者:Rubineau, Brian; Kang, Yoon
作者单位:Cornell University; Cornell University; Weill Cornell Medicine
摘要:Many professions are plagued by disparities in service delivery. Racial disparities in policing, mortgage lending, and healthcare are some notable examples. Because disparities can result from a myriad of mechanisms, crafting effective disparity mitigation policies requires knowing which mechanisms are active and which are not. In this study we can distinguish whether one mechanism-statistical discrimination-is a primary explanation for racial disparities in physicians' treatment of patients. ...
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作者:Ross, David Gaddis
作者单位:Columbia University
摘要:This paper uses a formal model to study how evaluation costs affect competition for resources in strategic factor markets. It finds that relative scarcity may not always benefit resource sellers. Rather, when competition among resource investors passes a certain threshold intensity, miscoordination among investors increases to the point that sellers' expected profits decline. This paper extends the model to consider how investors organize to overcome managerial agency in resource evaluation. T...
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作者:Choi, Jeonghye; Bell, David R.; Lodish, Leonard M.
作者单位:Yonsei University; University of Pennsylvania
摘要:Geographic variation in consumer use of Internet retailers is partly explained by variation in offline shopping costs. Explanations for geographic variation in the efficacy of different customer acquisition methods including traditional methods of offline word-of-mouth (WOM) and magazine advertising and information systems (IS)-enabled methods of online WOM and online search remain unexplored. We estimate a multivariate negative binomial distribution (NBD) model on zip code-level customer coun...
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作者:Lamberson, P. J.; Page, Scott E.
作者单位:Northwestern University; Northwestern University; University of Michigan System; University of Michigan; University of Michigan System; University of Michigan
摘要:This paper characterizes the optimal composition of a group for making a combined forecast. In the model, individual forecasters have types defined according to a statistical criterion we call type coherence. Members of the same type have identical expected accuracy, and forecasters within a type have higher covariance than forecasters of different types. We derive the optimal group composition as a function of predictive accuracy, between- and within-type covariance, and group size. Group siz...
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作者:Clark, Jonathan R.; Huckman, Robert S.
作者单位:Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Harvard University; National Bureau of Economic Research
摘要:The long-standing argument that focused operations outperform others stands in contrast to claims about the benefits of broader operational scope. The performance benefits of focus are typically attributed to reduced complexity, lower uncertainty, and the development of specialized expertise; the benefits of greater breadth are linked to the economies of scope achieved by sharing common resources, such as advertising or production capacity, across activities. Within the literature on corporate...
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作者:Erat, Sanjiv; Gneezy, Uri
作者单位:University of California System; University of California San Diego
摘要:In this paper we distinguish between two types of white lies: those that help others at the expense of the person telling the lie, which we term altruistic white lies, and those that help both others and the liar, which we term Pareto white lies. We find that a large fraction of participants are reluctant to tell even a Pareto white lie, demonstrating a pure lie aversion independent of any social preferences for outcomes. In contrast, a non-negligible fraction of participants are willing to te...