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作者：Chu, Leon Yang; Zhang, Hao
作者单位：University of Southern California
摘要：In this paper, we investigate the integrated information and pricing strategy for a seller who can take customer preorders before the release of a product. The preorder option enables the seller to sell a product at an early stage when consumers are less certain about their valuations. We find that the optimal pricing strategy may be highly dependent on the amount of information available at preorder and that a small change in the latter may cause a dramatic change in the proportion of consume...
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作者：Kraft, Holger; Munk, Claus
作者单位：Goethe University Frankfurt; Aarhus University; Aarhus University
摘要：W e derive explicit solutions to life-cycle utility maximization problems involving stock and bond investment, perishable consumption, and the rental and ownership of residential real estate. Prices of houses, stocks and bonds, and labor income are correlated. Because of a positive correlation between house prices and labor income, young individuals want little exposure to house price risk and tend to rent their home. Later in life the desired housing investment increases and will eventually r...
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作者：Fernandez-Mateo, Isabel; King, Zella
作者单位：University of London; London Business School; University of Reading
摘要：We examine the roots of gender segregation in the screening process by using a longitudinal data set of candidates considered for temporary projects at a staffing firm and following their progress through the hiring pipeline. Theories invoked to explain gender segregation across jobs traditionally rely on firm-specific human capital and expectations of future commitment to explain this phenomenon. These do not apply in this setting. Yet we find that the staffing firm is more likely to shortlis...
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作者：Muller, Karl A., III; Riedl, Edward J.; Sellhorn, Thorsten
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Harvard University; WHU - Otto Beisheim School of Management
摘要：We examine the effects of mandating the provision of fair value information for long-lived tangible assets on firms' information asymmetry. Specifically, we investigate whether European real estate firms' compulsory adoption of International Accounting Standard 40 (IAS 40; Investment Property), which mandated the provision of investment property fair values in 2005, resulted in reduced information asymmetry across market participants. Using as a control group firms that voluntarily provided th...
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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：Martinez-de-Albeniz, Victor; Talluri, Kalyan
作者单位：University of Navarra; IESE Business School; ICREA; Pompeu Fabra University
摘要：In this paper, we study price competition for an oligopoly in a dynamic setting, where each of the sellers has a fixed number of units available for sale over a fixed number of periods. Demand is stochastic, and depending on how it evolves, sellers may change their prices at any time. This reflects the fact that firms constantly, and almost costlessly, change their prices, reacting to updates in their estimates of market demand, competitor prices, or inventory levels. In a setting with demand ...
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作者：Broadie, Mark; Du, Yiping; Moallemi, Ciamac C.
作者单位：Columbia University
摘要：We analyze the computational problem of estimating financial risk in a nested simulation. In this approach, an outer simulation is used to generate financial scenarios, and an inner simulation is used to estimate future portfolio values in each scenario. We focus on one risk measure, the probability of a large loss, and we propose a new algorithm to estimate this risk. Our algorithm sequentially allocates computational effort in the inner simulation based on marginal changes in the risk estima...
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作者：Bernstein, Fernando; DeCroix, Gregory A.; Wang, Yulan
作者单位：Duke University; University of Wisconsin System; University of Wisconsin Madison; Hong Kong Polytechnic University
摘要：We consider an assemble-to-order system in which multiple products are assembled from a common component and a set of product-dedicated components. Component capacities are chosen prior to a finite-horizon selling season, and the common component is allocated to the products based on observed demands. We propose a collection of allocation mechanisms involving varying degrees of demand aggregation, ranging from a scheme under which all demands are observed prior to making the allocation decisio...
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作者：Ren, Charlotte R.; Hu, Ye; Hu, Yu (Jeffrey); Hausman, Jerry
作者单位：Purdue University System; Purdue University; University of Houston System; University of Houston; Massachusetts Institute of Technology (MIT)
摘要：Product variety is an important strategic tool that firms can use to attract customers and respond to competition. This study focuses on the retail industry and investigates how stores manage their product variety, contingent on the presence of competition and their actual distance from rivals. Using a unique data set that contains all Best Buy and Circuit City stores in the United States, the authors find that a store's product variety (i.e., number of stock-keeping units) increases if a riva...
