12期

最新文章

• Pathwise Optimization for Optimal Stopping Problems AI翻译
  作者：Desai, Vijay V.; Farias, Vivek F.; Moallemi, Ciamac C.
  作者单位：Columbia University; Massachusetts Institute of Technology (MIT)
  摘要：We introduce the pathwise optimization (PO) method, a new convex optimization procedure to produce upper and lower bounds on the optimal value (the price) of a high-dimensional optimal stopping problem. The PO method builds on a dual characterization of optimal stopping problems as optimization problems over the space of martingales, which we dub the martingale duality approach. We demonstrate via numerical experiments that the PO method produces upper bounds of a quality comparable with state...
• The Behavioralist Visits the Factory: Increasing Productivity Using Simple Framing Manipulations AI翻译
  作者：Hossain, Tanjim; List, John A.
  作者单位：University of Toronto; University of Chicago
  摘要：Recent discoveries in behavioral economics have led to important new insights concerning what can happen in markets. Such gains in knowledge have come primarily via laboratory experiments a missing piece of the puzzle in many cases is parallel evidence drawn from naturally occurring field counterparts. We provide a small movement in this direction by taking advantage of a unique opportunity to work with a Chinese high-tech manufacturing facility. Our study revolves around using insights gained...
• Reflected Knowledge and Trust in Global Collaboration AI翻译
  作者：Mortensen, Mark; Neeley, Tsedal B.
  作者单位：INSEAD Business School; Harvard University
  摘要：Scholars argue that direct knowledge about distant colleagues is crucial for fostering trust in global collaboration. However, their arguments focus mainly on how trust accrues from knowledge about distant collaborators' personal characteristics, relationships, and behavioral norms. We suggest that an equally important trust mechanism is reflected knowledge, knowledge that workers gain about the personal characteristics, relationships, and behavioral norms of their own site through the lens of...
• Managers and Students as Newsvendors AI翻译
  作者：Bolton, Gary E.; Ockenfels, Axel; Thonemann, Ulrich W.
  作者单位：University of Texas System; University of Texas Dallas; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of Cologne; University of Cologne
  摘要：We compare how experienced procurement managers and students solve the newsvendor problem. We find that managers broadly exhibit the same kind of pull-to-center bias as students do. Also, managers use information and task training no better than students. The performance of managers is positively affected by the level of their education and their level in the organizational hierarchy. We discuss implications for theory and for how ordering might be improved in practice.
• Robust Simulation of Global Warming Policies Using the DICE Model AI翻译
  作者：Hu, Zhaolin; Cao, Jing; Hong, L. Jeff
  作者单位：Tongji University; Tsinghua University; Hong Kong University of Science & Technology
  摘要：Integrated assessment models that combine geophysics and economics features are often used to evaluate compare global warming,policies. Because there are typically profound uncertainties in these models, a simulation approach is often used. This approach requires the distribution of the uncertain parameters clearly specified. However, this is typically impossible because there is often a significant amount of ambiguity (e.g., estimation error) in specifying the distribution. In this paper, we ...
• On the Efficiency-Fairness Trade-off AI翻译
  作者：Bertsimas, Dimitris; Farias, Vivek F.; Trichakis, Nikolaos
  作者单位：Massachusetts Institute of Technology (MIT); Harvard University
  摘要：This paper deals with a basic issue: How does one approach the problem of designing the right objective for a given resource allocation problem? The notion of what is right can be fairly nebulous; we consider two issues that we see as key: efficiency and fairness. We approach the problem of designing objectives that account for the natural tension between efficiency and fairness in the context of a framework that captures a number of resource allocation problems of interest to managers. More p...
• Do Investment Banks' Relationships with Investors Impact Pricing? The Case of Convertible Bond Issues AI翻译
  作者：Henderson, Brian J.; Tookes, Heather
  作者单位：George Washington University; Yale University
  摘要：This study examines the role of repeat interactions between placement agents (investment banks) and investors in the initial pricing of convertible bonds. Under the assumption that attracting repeat investors can reduce search frictions in primary issue markets, we test the hypothesis that banks' relationships with investors actually allow more favorable pricing for issuing firms (in contrast to the favoritism hypothesis, under which banks use underpricing to reward favored clients). In the em...
• Selling to Conspicuous Consumers: Pricing, Production, and Sourcing Decisions AI翻译
  作者：Tereyagoglu, Necati; Veeraraghavan, Senthil
  作者单位：University System of Georgia; Georgia Institute of Technology; University of Pennsylvania
  摘要：Consumers often purchase goods that are hard to find to conspicuously display their exclusivity and social status. Firms that produce such conspicuously consumed goods such as designer apparel, fashion goods, jewelry, etc., often face challenges in making optimal pricing and production decisions. Such firms are confronted with precipitous trade-off between high sales volume and high margins, because of the highly uncertain market demand, strategic consumer behavior, and the display of conspicu...