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作者：Anandalingam, G; Day, RW; Raghavan, S
作者单位：University System of Maryland; University of Maryland College Park; University of Connecticut
摘要：This paper presents an introductory survey for this special issue of Management Science on electronic markets. We acquaint the reader with some fundamental concepts in the study of electronic market mechanisms, while simultaneously presenting a survey and summary of the essential literature in this area. Along the way, we position each of the papers presented in this. special issue within the existing literature demonstrating the deep impact of these 14 articles on an already broad body of kno...
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作者：Bernstein, F; Federgruen, A
作者单位：Duke University; Columbia University
摘要：In this paper, we investigate the equilibrium behavior of decentralized supply chains with competing retailers under demand uncertainty. We also design contractual arrangements between the parties that allow the decentralized chain to perform as well as a centralized one. We address these questions in the context of two-echelon supply chains with a single supplier servicing a network of (competing) retailers, considering the following general model: Retailers face random demands, the distribut...
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作者：Gallien, J; Wein, LM
作者单位：Massachusetts Institute of Technology (MIT); Stanford University
摘要：We address the problem of designing multi-item procurement auctions for a monopsonistic buyer in capacity-constrained environments. Using insights from classical auction theory, we construct an optimization-based auction mechanism (smart market) relying on the dynamic resolution of a linear program minimizing the buyer's cost under the suppliers' capacity constraints. Suppliers can modify their offers in response to the optimal allocation corresponding to each set of bids, giving rise to a dyn...
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作者：Kannan, K; Telang, R
作者单位：Purdue University System; Purdue University; Carnegie Mellon University
摘要：Software vulnerability disclosure has become a critical area of concern for policyrnakers. Traditionally, a Computer Emergency Response Team (CERT) acts as an infomediary between benign identifiers (who voluntarily report vulnerability information) and software users. After verifying a reported vulnerability CERT sends out a public advisory so that users can safeguard their systems against potential exploits. Lately, firms such as Defense have been implementing a new market-based approach for ...
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作者：Geng, XJ; Stinchcombe, MB; Whinston, AB
作者单位：University of Washington; University of Washington Seattle; University of Texas System; University of Texas Austin; University of Texas System; University of Texas Austin
摘要：Consumers' average value for information goods, websites, weather forecasts, music, and news declines with the number consumed. This paper provides simple guidelines to optimal bundling marketing strategies in this case. If consumers' values do not decrease too quickly, we show that bundling is approximately optimal. If consumers' values to subsequent goods decrease quickly, we show by example that one should expect bundling to be suboptimal.
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作者：Kwon, RH; Anandalingam, G; Ungar, LH
作者单位：University of Toronto; University of Pennsylvania
摘要：In combinatorial auctions, multiple distinct items are sold simultaneously and a bidder may place a single bid on a set (package) of distinct items. The determination of packages for bidding is a nontrivial task, and existing efficient formats require that bidders know the set of packages and/or their valuations. In this paper, we extend an efficient ascending combinatorial auction mechanism to use approximate single-item pricing. The single-item prices in each round are derived from a linear ...
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作者：Markovitch, DG; Steckel, JH; Yeung, B
作者单位：Hautes Etudes Commerciales (HEC) Paris; New York University
摘要：Financial theory posits that capital markets convey through stock prices their expectation of the firm's future performance. We use concepts from principal-agent theory and prospect theory to provide a theoretical explanation for the role stock price variation plays in managerial decision making. We then empirically investigate what specific decisions managers undertake in response to stock price variation. We perform our empirical analyses in the context of the pharmaceutical industry. We fin...
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作者：Balachandran, KR; Radhakrishnan, S
作者单位：New York University; University of Texas System; University of Texas Dallas
摘要：We examine a supply chain in which the final product consists of components made by a buyer and a supplier. In the single moral-hazard case, the buyer's quality is observable, whereas in the double moral-hazard case, the buyer's quality is not observable. The supplier's quality is not observable in both the single and double moral-hazard cases. In each case, we examine a warranty/penalty contract between the buyer and the supplier based on information from incoming inspection and external fail...
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作者：Nagar, V; Rajan, MV
作者单位：University of Michigan System; University of Michigan; Stanford University
摘要：Arguing that GAAP is ill suited for estimating the future profitability of intangibles, the accounting literature (e.g., Kaplan and Norton 1996, Lev 2001) has recently proposed alternative measurement models. These models view intangibles as composed of a set of fundamental business activities and use multiple financial and nonfinancial metrics causally interlinked to profits to represent this view. Using a unique and proprietary cross-sectional data set of the retail banking industry, we prov...
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作者：Srinivasan, V; Park, CS; Chang, DR
作者单位：Stanford University; Korea University; Yonsei University
摘要：The authors propose a new approach for measuring, analyzing, and predicting a brand's equity in a product market. Brand equity is defined as the incremental contribution ($) per year obtained by the brand in comparison to the underlying product (or service) with no brand-building efforts. The incremental contribution is driven by the individual customer's incremental choice probability for the brand in comparison to his choice probability for the underlying product with no brand-building effor...
