5期

最新文章

• Birds of a Feather: Do Hedge Fund Managers Flock Together? AI翻译
  作者：Gerritzen, Marc; Jackwerth, Jens; Plazzi, Alberto
  作者单位：University of Konstanz; Universita della Svizzera Italiana; Swiss Finance Institute (SFI)
  摘要：Mandatory filings for UK hedge funds suggest that managers having worked at the same prior employer invest more similarly in terms of distances of returns. If they overlapped in employment, increasing the chance of social ties, investments become even more similar. The joint effect accounts for up to two thirds of the difference in investing behavior. Results are robust to fund-and manager-level controls as well as to identification concerns. With controls, the same-employer effect is concentr...
• Educational Inequality and Reservation Policy in Developing Markets AI翻译
  作者：Bao, Weining; Ni, Jian; Singh, Shubhranshu
  作者单位：University of Connecticut; Virginia Polytechnic Institute & State University; Johns Hopkins University
  摘要：Educational inequality undermines the pivotal role of education in increasing the ability of the poor to move up the income ladder. This paper investigates educational inequality that arises from low-income students' lack of monetary resources that higherincome students invest in education. We show low-income students' inability to make monetary investments in education reduces their incentive to study and contributes to educational inequality. In the context of developing markets, we study im...
• The Impact of Government Interventions on COVID-19 Spread and Consumer Spending AI翻译
  作者：Zhao, Nan; Yao, Song; Thomadsen, Raphael; Wang, Chong Bo
  作者单位：Washington University (WUSTL)
  摘要：We examine the impact of government interventions on the spread of COVID19 and consumer spending. We do this by first estimating models of COVID-19 spread, consumer spending, and social distancing in the United States during the early stages of the COVID-19 pandemic. Social distancing has a large effect on reducing COVID-19 spread and is responsive to national and local case numbers. Nonmask government interventions reduce COVID-19 spread, whereas the effectiveness of mask mandates is much sma...
• Design of Off-Grid Lighting Business Models to Serve the Poor: Field Experiments and Structural Analysis AI翻译
  作者：Uppari, Bhavani Shanker; Netessine, Serguei; Popescu, Ioana; Clarke, Rowan P.
  作者单位：Singapore Management University; University of Pennsylvania; INSEAD Business School; Harvard University
  摘要：A significant proportion of the world's population has no access to grid-based electricity and so relies on off-grid lighting solutions. Rechargeable lamp technology is gaining popularity as an alternative off-grid lighting model in developing countries. In this paper, we explore consumer behavior and the operational inefficiencies that result under this model. Specifically, we are interested in (i) measuring the impact of inconvenience (of traveling to recharge the lamp) along with the impact...
• Managing Multirooming: Why Uniform Price Can Be Optimal for a Monopoly Retailer and Can Be Uniformly Lower AI翻译
  作者：Chen, Yuxin; Dai, Yue; Zhang, Zhe; Zhang, Kun
  作者单位：New York University; NYU Shanghai; Fudan University; Nanjing University of Science & Technology
  摘要：Retailers managing both online and offline channels have to decide whether to adopt the uniform (i.e., charging the same price online and offline) or dual (i.e., charging different prices online and offline) pricing strategy. This decision is made even more challenging as consumers are increasingly multirooming as they may search offline and then purchase online (showrooming) or the other way around (webrooming). In this paper, we develop an analytical model to examine such a decision. The mod...
• Motivating Experts to Contribute to Digital Public Goods: A Personalized Field Experiment on Wikipedia AI翻译
  作者：Chen, Yan; Farzan, Rosta; Kraut, Robert; Yeckehzaare, Iman; Zhang, Ark Fangzhou
  作者单位：University of Michigan System; University of Michigan; Tsinghua University; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; Carnegie Mellon University; Alphabet Inc.; Google Incorporated
  摘要：We conducted a large-scale personalized field experiment to examine how match quality, recognition, and social impact influence domain experts' contributions to Wikipedia. Forty-five percent of the experts expressed willingness to contribute in the baseline condition, whereas 51% (a 13% increase over the baseline) expressed interest when they received a signal that an article matched their expertise. However, none of the treatments had a significant effect on actual contributions. Instead expe...
• The Distributional Impact of Fatigue on Performance AI翻译
  作者：Bavafa, Hessam; Jonasson, Jonas Oddur
  作者单位：University of Wisconsin System; University of Wisconsin Madison; University of Wisconsin System; University of Wisconsin Madison; Massachusetts Institute of Technology (MIT)
  摘要：Little is known about how people-centric factors affect the shape of service time distributions despite distributional statistics (variance or quantiles) being key drivers of system performance in many service industries. We investigate the impact of one people-centric factor-worker fatigue-on the average, variance, and quantiles of service times in paramedic operations. Our analysis uses data on the performance of 368,634 paramedic teams in the London Ambulance Service over 10 years. We measu...
• Only the Ugly Face? A Theoretical Model of Brand Dilution AI翻译
  作者：Bacchiega, Emanuele; Colucci, Mariachiara; Denicolo, Vincenzo; Magnani, Marco
  作者单位：University of Bologna; University of Bologna; University of Bologna; Centre for Economic Policy Research - UK
  摘要：This paper challenges two common views of brand dilution: first, that it is exclusively the unintended consequence of a poorly executed strategy of brand extension and, second, that its likelihood is heightened by brand licensing. Using a new theoretical model, we show that brand dilution can be seen not just as an unfortunate development to be avoided, but as an opportunity to monetize the brand. We further show that, at the relevant margin, switching from in-house development to licensing re...
• Editorial Statement-Healthcare Management AI翻译
  作者：Carson, Anita; Savva, Nicos; Scholtes, Stefan
  作者单位：Boston University; University of London; London Business School; University of Cambridge
• The Use of Credit Ratings in the Delegated Management of Fixed Income Assets AI翻译
  作者：Baghai, Ramin P.; Becker, Bo; Pitschner, Stefan
  作者单位：Stockholm School of Economics; European Corporate Governance Institute; Centre for Economic Policy Research - UK; City University of New York (CUNY) System
  摘要：Investment mandates of fixed income funds constrain managers' portfolio decisions, often employing credit ratings to classify asset risk. We categorize U.S. and European fixed income funds' mandates using textual analysis and measure the use of ratings. Over the past two decades, despite the weaknesses of ratings revealed in the global financial crisis, ratings use has increased significantly. Since 2010, the fraction of funds not using ratings in any way has fallen by almost half in both the ...