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作者:Balachander, Subramanian; Liu, Yan; Stock, Axel
作者单位:Purdue University System; Purdue University; State University System of Florida; University of Central Florida
摘要:Recent product introductions such as the Xbox 360, Sony Playstation 2, and PT Cruiser have been characterized by shortage of these products. Some experts have suggested that such scarcity can be a deliberate strategy for making the product more desirable. In this paper, we empirically examine the relationship between introductory inventory levels and consumer preference in the U. S. automobile industry and show that relative scarcity of a car at the time of introduction is associated with high...
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作者:Overby, Eric; Jap, Sandy
作者单位:University System of Georgia; Georgia Institute of Technology; Emory University
摘要:Many markets that have traditionally relied on collocation of buyers, sellers, and products have introduced electronic channels. Although these electronic channels may provide benefits to buyers and sellers by lowering the transaction costs of participating in the market, there are trade-offs related to quality uncertainty and increased risk that may limit the adoption of the electronic channels. As a result, buyers and sellers use physical channels for some transactions and electronic channel...
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作者:Ozcan, Serden; Reichstein, Toke
作者单位:Copenhagen Business School
摘要:Studies of career dynamics implicitly claim that government employees are not entrepreneurial. Utilizing longitudinal data from the U. S. Panel Study for Income Dynamics, we investigate the reasons for the low rate of entrepreneurship from the public sector. We conjecture that it is due to labor market matching processes and the bureaucratic nature of public organizations and bureaucratization of individuals. Our life-course analysis identifies labor market matching as a major determinant: non...
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作者:Fu, Michael C.; Hong, L. Jeff; Hu, Jian-Qiang
作者单位:University System of Maryland; University of Maryland College Park; University System of Maryland; University of Maryland College Park; Hong Kong University of Science & Technology; Fudan University
摘要:Estimating quantile sensitivities is important in many optimization applications, from hedging in financial engineering to service-level constraints in inventory control to more general chance constraints in stochastic programming. Recently, Hong (Hong, L. J. 2009. Estimating quantile sensitivities. Oper. Res. 57 118-130) derived a batched infinitesimal perturbation analysis estimator for quantile sensitivities, and Liu and Hong (Liu, G., L. J. Hong. 2009. Kernel estimation of quantile sensiti...
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作者:Kavadias, Stylianos; Sommer, Svenja C.
作者单位:University System of Georgia; Georgia Institute of Technology; Hautes Etudes Commerciales (HEC) Paris
摘要:Since Osborn's Applied Imagination book in 1953 (Osborn, A. F. 1953. Applied Imagination: Principles and Procedures of Creative Thinking. Charles Scribner's Sons, New York), the effectiveness of brainstorming has been widely debated. While some researchers and practitioners consider it the standard idea generation and problem-solving method in organizations, part of the social science literature has argued in favor of nominal groups, i.e., the same number of individuals generating solutions in...
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作者:Arora, Ashish; Gambardella, Alfonso; Magazzini, Laura; Pammolli, Fabio
作者单位:Duke University; National Bureau of Economic Research; Bocconi University; Bocconi University; University of Verona; IMT School for Advanced Studies Lucca
摘要:This paper compares the innovation performance of established pharmaceutical firms and biotech companies, controlling for differences in the scale and scope of research. We develop a structural model to analyze more than 3,000 drug research and development projects advanced to preclinical and clinical trials in the United States between 1980 and 1994. Key to our approach is careful attention to the issue of selection. Firms choose which compounds to advance into clinical trials. This choice de...
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作者:Mannes, Albert E.
作者单位:Duke University
摘要:Recent research has advanced our understanding of how people use the advice of others to update their beliefs. Because groups and teams play a significant role in organizations and collectively are wiser than their individual members, it is important to understand their influence on belief revision as well. I report the results of four studies examining intuitions about group wisdom and the informational influence of groups. In their overt assessments, experimental participants rated larger gr...
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作者:Koehler, Jonathan J.; Mercer, Molly
作者单位:Arizona State University; Arizona State University-Tempe; Arizona State University; Arizona State University-Tempe; Arizona State University; Arizona State University-Tempe
摘要:Mutual fund companies selectively advertise their better-performing funds. However, investors respond to advertised performance data as if those data were unselected (i.e., representative of the population). We identify the failure to discount selected or potentially selected data as selection neglect. We examine these phenomena in an archival study (Study 1) and two controlled experiments (Studies 2 and 3). Study 1 identifies selection bias in mutual fund advertising by showing that the media...
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作者:Yao, Yuliang; Dresner, Martin; Palmer, Jonathan
作者单位:Lehigh University; University System of Maryland; University of Maryland College Park
摘要:Prior literature has documented the performance benefits from the use of electronic data interchange (EDI) and the Internet. Using purchase and fulfillment records from the U. S. government's Federal Supply Service, we provide a direct comparison of performance between a private network EDI channel and an Internet electronic market. Performance is measured using order cycle time and complete orders fulfilled. Our findings show that the Internet-based electronic market outperforms the EDI-based...
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作者:Dorn, Daniel; Sengmueller, Paul
作者单位:Drexel University; Tilburg University
摘要:Among 1,000 German brokerage clients for whom both survey responses and actual trading records are available, investors who report enjoying investing or gambling turn over their portfolio at twice the rate of their peers. Including entertainment attributes as additional explanatory variables in cross-sectional regressions of portfolio turnover on objective investor attributes more than doubles the fraction of the total variation of portfolio turnover that can be explained. The results are robu...