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作者：Moldoveanu, Mihnea C.; Baum, Joel A. C.
作者单位：University of Toronto
摘要：We investigate the epistemology of trust in social networks. We posit trust as a special epistemic state that depends on actors' beliefs about each others' beliefs as well as about states of the world. It offers new ideas and tools for representing the core elements of trust both within dyads and larger groups and presents an approach that makes trust measurable in a noncircular and predictive, rather than merely postdictive, fashion. After advancing arguments for the importance of interactive...
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作者：Islegen, Oezge; Reichelstein, Stefan
作者单位：Stanford University
摘要：For fossil fuel power plants to be built in the future, carbon capture and storage (CCS) technologies offer the potential for significant reductions in carbon dioxide (CO2) emissions. We examine the break-even value for CCS adoptions, that is, the critical value in the charge for CO2 emissions that would justify investment in CCS capabilities. Our analysis takes explicitly into account that the supply of electricity at the wholesale level (generation) is organized competitively in some U. S. j...
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作者：Cai, Ning; Kou, S. G.
作者单位：Hong Kong University of Science & Technology; Columbia University
摘要：This paper aims to extend the analytical tractability of the Black-Scholes model to alternative models with arbitrary jump size distributions. More precisely, we propose a jump diffusion model for asset prices whose jump sizes have a mixed-exponential distribution, which is a weighted average of exponential distributions but with possibly negative weights. The new model extends existing models, such as hyperexponential and double-exponential jump diffusion models, because the mixed-exponential...
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作者：Salinger, Michael; Ampudia, Miguel
作者单位：Boston University; Boston University
摘要：The Lerner relationship linking the profit-maximizing price to marginal cost and the elasticity of demand generalizes to the price-setting newsvendor, and the result resolves the puzzle over the different effects of additive and multiplicative uncertainty on the solution. Multiplicative uncertainty increases the optimal price because it increases the marginal cost of a unit sold and does not affect the markup factor. Additive uncertainty has no effect on the marginal cost of a unit sold and lo...
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作者：Buell, Ryan W.; Norton, Michael I.
作者单位：Harvard University
摘要：A ubiquitous feature of even the fastest self-service technology transactions is the wait. Conventional wisdom and operations theory suggest that the longer people wait, the less satisfied they become; we demonstrate that because of what we term the labor illusion, when websites engage in operational transparency by signaling that they are exerting effort, people can actually prefer websites with longer waits to those that return instantaneous results-even when those results are identical. In ...
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作者：Simcoe, Timothy S.; Waguespack, Dave M.
作者单位：Boston University; National Bureau of Economic Research; University System of Maryland; University of Maryland College Park
摘要：How much are we influenced by an author's identity when evaluating his or her work? This paper exploits a natural experiment to measure the impact of status signals in the context of open standards development. For a period of time, e-mails announcing new submissions to the Internet Engineering Task Force would replace individual author names with et al. if submission volumes were unusually high. We measure the impact of status signals by comparing the effect of obscuring high-versus low-statu...
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作者：Hendrikse, George
作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam
摘要：Fruit and vegetable marketing organization the Greenery has experienced various governance structure changes, like horizontal merger, forward integration, and the emergence of grower associations. A multilateral incomplete contracting model is presented to account for these changes by analysing the interactions between pooling, access, and countervailing power. This model does not only explain the changes at the Greenery, but it contributes also to the design of efficient channel governance.
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作者：Galasso, Alberto; Simcoe, Timothy S.
作者单位：University of Toronto; Boston University
摘要：Are the attitudes and beliefs of chief executive officers (CEOs) linked to their firms' innovative performance? This paper uses a measure of overconfidence, based on CEO stock-option exercise, to study the relationship between a CEO's revealed beliefs about future performance and standard measures of corporate innovation. We begin by developing a career concern model where CEOs innovate to provide evidence of their ability. The model predicts that overconfident CEOs, who underestimate the prob...
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作者：Tucker, Catherine Elizabeth; Zhang, Juanjuan
作者单位：Massachusetts Institute of Technology (MIT)
摘要：Popularity information is usually thought to reinforce existing sales trends by encouraging customers to flock to mainstream products with broad appeal. We suggest a countervailing market force: popularity information may benefit niche products with narrow appeal disproportionately, because the same level of popularity implies higher quality for narrow-appeal products than for broad-appeal products. We examine this hypothesis empirically using field experiment data from a website that lists we...
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作者：Jing, Xiaoqing; Xie, Jinhong
作者单位：University System of Georgia; Georgia Institute of Technology; State University System of Florida; University of Florida
摘要：This paper examines a unique selling strategy, Group Buying, under which consumers enjoy a discounted group price if they are willing and able to achieve a required group size and coordinate their transaction time. We argue that Group Buying allows a seller to gain from facilitating consumer social interaction, i.e., using a group discount to motivate informed customers to work as sales agents to acquire less-informed customers through interpersonal information/knowledge sharing. We formally m...
