8期

最新文章

• Product customization and price competition on the Internet AI翻译
  作者：Dewan, R; Jing, B; Seidmann, A
  作者单位：University of Rochester; New York University
  摘要：The Internet provides an unprecedented capability for sellers to learn about their customers and offer custom products at special prices. In addition, customization is more feasible today because of advances in manufacturing technologies that have improved sellers' manufacturing flexibility. We first develop a model of product customization and flexible pricing to incorporate the salient roles of the Internet and flexible manufacturing technologies in reducing the costs of designing and produc...
• You are known by the directors you keep: Reputable directors as a signaling mechanism for young firms AI翻译
  作者：Deutsch, Y; Ross, TW
  作者单位：York University - Canada; University of British Columbia
  摘要：In this paper, we develop an analytical model of outside. directors' signaling role-a role that is especially important for entrepreneurial firms. We formally demonstrate that in the face of a market failure in which stakeholders refuse to align themselves with new firms, high-quality new ventures may be able to credibly signal their type by appointing reputable directors to their boards. However, this option is not universally feasible. Both directors' reputations and the quality of their inf...
• A generalization of Pratt-Arrow measure to nonexpected-utility preferences and inseparable probability and utility AI翻译
  作者：Nau, RF
  作者单位：Duke University
  摘要：The Pratt-Arrow measure of local risk aversion is generalized for the n-dimensional state-preference model of choice under uncertainty in which the decision maker may have inseparable subjective probabilities and utilities, unobservable stochastic prior wealth, and/or smooth nonexpected-utility preferences. Local risk aversion is measured by the matrix of derivatives of the decision maker's risk-neutral probabilities, without reference to true subjective probabilities or riskless wealth positi...
• Application of the fast Gauss transform to option pricing AI翻译
  作者：Broadie, M; Yamamoto, Y
  作者单位：Columbia University; Hitachi Limited
  摘要：In many of the numerical methods for pricing American options based on the dynamic programming approach, the most computationally intensive part can be formulated as the summation of Gaussians. Though this operation usually requires O(NN') work when there are N' summations to compute and the number of terms appearing m each summation is N, we can reduce the amount of work to O(N + N') by using a technique called the fast Gauss transform. In this paper, we apply this technique to the multinomia...
• Pricing and capacity sizing for systems with shared resources: Approximate solutions and scaling relations AI翻译
  作者：Maglaras, C; Zeevi, A
  作者单位：Columbia University
  摘要：This paper considers pricing and capacity sizing decisions, in a single-class Markovian model motivated by communication and information services. The service provider is assumed to operate a finite set of processing resources that can be shared among users; however, this shared mode of operation results in a service-rate degradation. Users, in turn, are sensitive to the delay implied by the potential degradation in service rate, and to the usage fee charged for accessing the system. We study ...
• Group decisions with multiple criteria AI翻译
  作者：Baucells, M; Sarin, RK
  作者单位：University of Navarra; IESE Business School; Duke University; University of California System; University of California Los Angeles
  摘要：We consider a decision problem where a group of individuals evaluates multiattribute alternatives. We explore the minimal required agreements that are sufficient to specify the group utility function. A surprising result is that, under some conditions, a bilateral agreement among pairs of individuals on a single attribute is sufficient to derive the multiattribute group utility. The bilateral agreement between a pair of individuals could be on the weight of an attribute, on an attribute evalua...