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作者:Sherman, Eliot L.; Brands, Raina; Ku, Gillian
作者单位:Georgetown University; University of London; University College London; University of London; London Business School
摘要:Could a salary history ban (SHB) reduce the gender wage gap? Proponents of this intervention believe the gap is sustained by the practice of eliciting salary histories from job applicants. Although observational studies suggest that SHB operates as envisioned, two features complicate the interpretation of its effects. These are, respectively, the passage of relevant legislation alongside SHB, and the presence of public campaigns that propel SHB into law. We assessed SHB in the United Kingdom, ...
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作者:Cohen, Maxima C.; Jacquillat, Alexandre; Serpa, Juan Camilo; Benborhoumc, Michael
作者单位:McGill University; Massachusetts Institute of Technology (MIT)
摘要:Airfares evolve dynamically, giving rise to a so-called price path. This price path is controlled via two levers: (i) a fare ladder, which defines a set of airfares before the selling season, and (ii) revenue management algorithms, which control how fares evolve along the ladder during the season. We hypothesize that the current policies to control both levers-which do not account for quality differences between competing airlines-give rise to an inefficient price path and, accordingly, a loss...
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作者:Gans, Joshua S.
作者单位:University of Toronto; National Bureau of Economic Research
摘要:This paper examines how a firm's choice of the type of experiment impacts on its potential exploitation of new technological opportunities. It does so in the context of the failure of successful firms (or disruption) where the literature has informally suggested that firms undertake errors in experimental choice. It is shown that firms will generically choose experiments that minimize false positives (a high-bar) or minimize false negatives (a low-bar) rather than strike a balance between the ...
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作者:Mahmoudzadeh, Mahdi
作者单位:University of Auckland
摘要:The focal point analysis is a viable approach to analyze models of finitely dura-ble goods in infinite time horizon. Agrawal, Ferguson, Toktay, and Thomas [Agrawal VV, Ferguson M, Toktay LB, Thomas VM (2012) Is leasing greener than selling? Management Sci. 58(3):523-533.] study the focal point of steady-state firm-consumer games for leasing and selling models. We note that the optimal solution for their selling model does not reflect self-replicated leases mirroring the lease offered by the fi...
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作者:Bova, Francesco; Goldfarb, Avi; Melko, Roger G.
作者单位:University of Toronto; Perimeter Institute for Theoretical Physics; University of Waterloo
摘要:A quantum computer exhibits quantum advantage when it can perform a calculation that a classical computer is unable to complete. It follows that a company with a quantum computer would be a monopolist in the market for such a calculation if its only competitor was a company with a classical computer. Conversely, economic outcomes are unclear if quantum computers do not exhibit a quantum advantage, but classical and quantum computers have different cost structures. We model a Cournot duopoly wh...
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作者:Rottenstreich, Yuval; Markle, Alex; Muller-Trede, Johannes
作者单位:University of California System; University of California San Diego; Fordham University; University of Navarra
摘要:Decision research often takes the variability of potential outcomes as a measure of risk. It thus characterizes sure things, which, by definition, guarantee a specific outcome, as safe. But is this characterization always empirically valid? We show that, when the prevailing reference point is an uncertain option or position, sure things can be perceived as risky rather than safe. Furthermore, preferences may hinge on such perceptions: when construed as risky, sure things can be less appealing....
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作者:Aouad, Ali; Saban, Daniela
作者单位:University of London; London Business School; Stanford University
摘要:Motivated by online labor markets, we consider the online assortment optimization problem faced by a two-sided matching platform that hosts a set of suppliers waiting to match with a customer. Arriving customers are shown an assortment of suppliers and may choose to issue a match request to one of them. After spending some time on the platform, each supplier reviews all the match requests she has received and, based on her preferences, she chooses whether to match with a customer or to leave u...
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作者:Zhang, Hao; Zhang, Weihua
作者单位:University of British Columbia
摘要:We study the maintenance of a machine that deteriorates according to a Markov process until it fails. When failure occurs (which is observable), corrective replacement is made. Otherwise, the machine can be in one of two unobservable working states, and the decision maker can choose production, inspection, or preventive replacement. The state is revealed upon inspection and is reset by corrective or preventive replacement. The objective is to minimize the expected total discounted cost over an...
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作者:Kallus, Nathan; Mao, Xiaojie
作者单位:Cornell University; Tsinghua University
摘要:We study contextual stochastic optimization problems, where we leverage rich auxiliary observations (e.g., product characteristics) to improve decision making with uncertain variables (e.g., demand). We show how to train forest decision policies for this problem by growing trees that choose splits to directly optimize the downstream decision quality rather than split to improve prediction accuracy as in the standard random forest algorithm. We realize this seemingly computationally intractable...
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作者:Chen, Novia (Xi); Chiu, Peng-Chia; Shevlin, Terry; Wang, Jiani
作者单位:University of Houston System; University of Houston; The Chinese University of Hong Kong, Shenzhen; University of California System; University of California Irvine; Yunnan University of Finance & Economics
摘要:When reporting after-tax non???generally accepted accounting principles (GAAP) earnings, firms are required to adjust for the tax effects of exclusions. Since 2010, the Securities and Exchange Commission (SEC) has issued and updated compliance and disclosure interpretations (C&DIs), which specifically require firms to disclose the tax effects of exclusions. We assemble a detailed, hand-collected data set of S&P 1500 firms??? disclosures to provide the first large-sample evidence on the reporti...