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作者：Ahn, Dohyun; Shin, Dongwook; Zeevi, Assaf
作者单位：Chinese University of Hong Kong; Columbia University
摘要：We consider a class of sequential learning problems where a decision maker must learn the unknown statistical characteristics of a finite set of alternatives (or systems) using sequential sampling to ultimately select a subset of good alternatives. A salient feature of our problem is that system performance is governed by a set of features. The decision maker postulates the dependence on these features to be linear, but this model may not precisely represent the true underlying system structur...
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作者：Cao, Sean Shun; Cong, Lin William; Yang, Baozhong
作者单位：University System of Maryland; University of Maryland College Park; Cornell University; National Bureau of Economic Research; University System of Georgia; Georgia State University
摘要：To understand the disruption and implications of distributed ledger technologies for financial reporting and auditing, we analyze firm misreporting, auditor monitoring and competition, and regulatory policy in a unified model. A federated blockchain for financial reporting and auditing can improve verification efficiency not only for transactions in private databases but also for cross-chain verifications through privacypreserving computation protocols. Despite the potential benefit of blockch...
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作者：Hu, Maggie (Rong); Tsang, Desmond; Wan, Wayne Xinwei
作者单位：City University of New York (CUNY) System; Baruch College (CUNY); Chinese University of Hong Kong; Monash University
摘要：Using a comprehensive database of corporate relocation events in the United States from 1994 to 2017, we investigate the impact of headquarters relocation on the local economy by examining its spillover effects on the housing market. We find that headquarters relocation into a district at zip code level leads to 10% higher housing price growth. We also document a temporal spillover effect whereby housing prices increase one year before the relocation and rise further until two years afterward ...
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作者：Hurwitz, Abigail; Sade, Orly
作者单位：Hebrew University of Jerusalem; Hebrew University of Jerusalem
摘要：We investigate the consequences of holding multiple accounts for payout decisions at retirement. Using proprietary data of retirees' annuitization decisions, we find that small accounts are more likely to be cashed out. We use occupation information as a proxy for wealth to disentangle income from the multiple-accounts effect. We show that individuals with high expected wages are more likely to annuitize overall but less likely to annuitize their small accounts (comparing to individuals with l...
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作者：Qi, Lian; Song, Haotian; Xiao, Wenqiang
作者单位：Rutgers University System; Rutgers University New Brunswick; Zhejiang University; New York University
摘要：We study the dynamic incentive interactions between a platform and a third-party seller over two stages, where the seller exerts product-value-enhancement effort in the first stage in anticipation of the platform's potential entry in the second stage. Upon entry, the platform can exert effort to boost the value of the product sold by the platform, with positive spillovers to the value of the product sold by the platform. We show the existence of both the protective and the receptive regimes, c...
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作者：Balocco, Francesco; Lu, Yixin; Li, Ting; Gupta, Alok
作者单位：Vrije Universiteit Amsterdam; George Washington University; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; University of Minnesota System; University of Minnesota Twin Cities
摘要：Two auction-based channels play a crucial role in facilitating transactions of ad impressions in display advertising: real-time bidding (RTB), which is accessible to all advertisers, and private marketplace (PMP), which is restricted to a select group of advertisers through invitation-based agreements with publishers. Despite the ongoing discourse on the benefits and drawbacks of these two channels, how their coexistence influences the market dynamics and outcomes remains an open question. In ...
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作者：Hsee, Christopher K.; Imas, Alex; Li, Xilin
作者单位：University of Chicago; China Europe International Business School
摘要：In many settings, a person's outcome depends not only on her own behavior, but also on her counterpart's. Such strategic decisions have traditionally been studied using normative game theory, which assumes that people adopt equilibrium strategies and will reach the same decision, regardless of how the problem is described (framed). We examine a potentially important type of framing effect-focusing on how the relationship between players' actions generates joint outcomes. Any strategic interact...
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作者：Pakiman, Parshan; Nadarajah, Selvaprabu; Soheili, Negar; Lin, Qihang
作者单位：University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; University of Iowa
摘要：Approximate linear programs (ALPs) are well-known models based on value function approximations (VFAs) to obtain policies and lower bounds on the optimal policy cost of discounted-cost Markov decision processes (MDPs). Formulating an ALP requires (i) basis functions, the linear combination of which defines the VFA, and (ii) a state relevance distribution, which determines the relative importance of different states in the ALP objective for the purpose of minimizing VFA error. Both of these cho...
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作者：Papanastasiou, Yiangos; Xiao, Shuang; Yang, S. Alex
作者单位：Rice University; Zhongnan University of Economics & Law; University of London; London Business School
摘要：Left unable to provide service during the COVID-19 pandemic, many small businesses have experimented with alternative ways of generating income. One approach that has gained traction is the use of advance selling, whereby the firm asks consumers in its local community to support the business by paying in advance for consumption at a future date. In this paper, we develop a game theoretic model to investigate whether and how advance selling schemes can be successfully implemented by firms facin...
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作者：Zuzul, Tiona; Pahnke, Emily Cox; Larson, Jonathan; Bourke, Patrick; Caurvina, Nicholas; Shah, Neha Parikh; Amini, Fereshteh; Weston, Jeffrey; Park, Youngser; Vogelstein, Joshua; White, Christopher; Priebe, Carey E.
作者单位：Harvard University; University of Washington; University of Washington Seattle; Microsoft; Microsoft; Johns Hopkins University; Johns Hopkins University; Johns Hopkins University
摘要：Pahnke; , Jonathan Larson; , Patrick Bourke; , Nicholas Caurvina; , Neha Parikh Shah; Weston; , Youngser Park; , Joshua Vogelstein; , Christopher White; , Carey E. Modularity and Decreased Stability in Intraorganizational Communication Networks Management Science 71(4):3428-3448. https://doi.org/10.1287/mnsc.2022.02797 Creative Commons Attribution 4.0 International License. You are free to copy, this work, but you must attribute this work as Management Science. Copyright https://doi.org/10.128...
