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作者：Allon, Gad; Bassamboo, Achal
作者单位：Northwestern University
摘要：Provision of real-time information by a firm to its customers has become prevalent in recent years in both the service and retail sectors. In this paper, we study a retail operations model where customers are strategic in both their actions and in the way they interpret information, whereas the retailer is strategic in the way it provides information. This paper focuses on the ability (or the lack thereof) to communicate unverifiable information and influence customers' actions. We develop a g...
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作者：Oezer, Oezalp; Zheng, Yanchong; Chen, Kay-Yut
作者单位：University of Texas System; University of Texas Dallas; Stanford University; Hewlett-Packard
摘要：This paper investigates the capacity investment decision of a supplier who solicits private forecast information from a manufacturer. To ensure abundant supply, the manufacturer has an incentive to inflate her forecast in a costless, nonbinding, and nonverifiable type of communication known as cheap talk. According to standard game theory, parties do not cooperate and the only equilibrium is uninformative-the manufacturer's report is independent of her forecast and the supplier does not use th...
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作者：Boyabatli, Onur; Toktay, L. Beril
作者单位：Singapore Management University; University System of Georgia; Georgia Institute of Technology
摘要：This paper analyzes the impact of endogenous credit terms under capital market imperfections in a capacity investment setting. We model a monopolist firm that decides on its technology choice (flexible versus dedicated) and capacity level under demand uncertainty. Differing from the majority of the stochastic capacity investment literature, we assume that the firm is budget constrained and can relax its budget constraint by borrowing from a creditor. The creditor offers technology-specific loa...
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作者：Hankins, Kristine Watson
作者单位：University of Kentucky
摘要：This paper investigates how firms manage risk by examining the relationship between financial and operational hedging using a sample of bank holding companies. Risk management theory holds that capital market imperfections make cash flow volatility costly. I investigate whether financial firms consider this cost or focus exclusively on managing tradable exposures. After documenting that acquisitions provide operational hedging by reducing potentially costly volatility, I find that postacquisit...
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作者：Aral, Sinan; Walker, Dylan
作者单位：New York University
摘要：We examine how firms can create word-of-mouth peer influence and social contagion by designing viral features into their products and marketing campaigns. To econometrically identify the effectiveness of different viral features in creating social contagion, we designed and conducted a randomized field experiment involving the 1.4 million friends of 9,687 experimental users on Facebook.com. We find that viral features generate econometrically identifiable peer influence and social contagion ef...
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作者：Ebert, Sebastian; Wiesen, Daniel
作者单位：University of Bonn; University of Bonn
摘要：Numerous theoretical predictions such as precautionary saving or preventive behavior have been derived for prudent decision makers. Further, prudence can be characterized as downside risk aversion and plays a key role in preference for skewness. We use a simple experimental method to test for prudence and skewness preference in the laboratory and compare the two. To this end, we introduce a novel graphical representation of compound lotteries that is easily accessible to subjects and test it f...
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作者：Trautmann, Stefan T.; Vieider, Ferdinand M.; Wakker, Peter P.
作者单位：Tilburg University; Tilburg University; University of Munich; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
摘要：T his paper finds preference reversals in measurements of ambiguity aversion, even if psychological and informational circumstances are kept constant. The reversals are of a fundamentally different nature than the reversals found before because they cannot be explained by context-dependent weightings of attributes. We offer an explanation based on Sugden's random-reference theory, with different elicitation methods generating different random reference points. Then measurements of ambiguity av...
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作者：Blavatskyy, Pavlo R.
作者单位：University of Innsbruck
摘要：This paper presents a new model of probabilistic binary choice under risk. In this model, a decision maker always satisfies first-order stochastic dominance. If neither lottery stochastically dominates the other alternative, a decision maker chooses in a probabilistic manner. The proposed model is derived from four standard axioms (completeness, weak stochastic transitivity, continuity, and common consequence independence) and two relatively new axioms. The proposed model provides a better fit...
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作者：Hoehn, Wiebke; Koenig, Felix G.; Moehring, Rolf H.; Luebbecke, Marco E.
作者单位：Technical University of Berlin; RWTH Aachen University
摘要：We consider a complex planning problem in integrated steel production. A sequence of coils of sheet metal needs to be color coated in consecutive stages. Different coil geometries and changes of colors necessitate time-consuming setup work. In most coating stages one can choose between two parallel color tanks. This can either reduce the number of setups needed or enable setups concurrent with production. A production plan comprises the sequencing of coils and the scheduling of color tanks and...
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作者：Berkowitz, Jeremy; Christoffersen, Peter; Pelletier, Denis
作者单位：University of Houston System; University of Houston; McGill University; Aarhus University; CREATES; North Carolina State University
摘要：We present new evidence on disaggregated profit and loss (P/L) and value-at-risk (VaR) forecasts obtained from a large international commercial bank. Our data set includes the actual daily P/L generated by four separate business lines within the bank. All four business lines are involved in securities trading and each is observed daily for a period of at least two years. Given this unique data set, we provide an integrated, unifying framework for assessing the accuracy of VaR forecasts. We use...
