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作者：Gupta, Shubham; Roy, Abhishek; Kumar, Subodha; Mudambi, Ram
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
摘要：The growing complexity of consulting, new product development, and information technology projects has led firms to increasingly adopt the strategy of collaborative value cocreation with their vendors. Although such value cocreation often involves a client firm engaging with more than one vendor, research in this field has primarily focused on single-vendor cocreation, whereas research on multivendor sourcing has rarely considered collaborative value cocreation. We bridge this gap by studying ...
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作者：Starmans, Jan
作者单位：Stockholm School of Economics
摘要：This paper studies the investor???s investment decision in a standard financial contracting model. The investor chooses among entrepreneurs with heterogeneous production technologies who generate different probability distributions of cash flow under effort. I provide a complete characterization of optimal contracts, agency rents, and the investor???s investment decision. Differences in entrepreneurs??? production technologies imply differences in optimal contracts and agency rents across equa...
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作者：Wang, Qiaochu; Huang, Yan; Jasin, Stefanus; Singh, Param Vir
作者单位：Carnegie Mellon University; University of Michigan System; University of Michigan
摘要：Should firms that apply machine learning algorithms in their decision making make their algorithms transparent to the users they affect? Despite the growing calls for algorithmic transparency, most firms keep their algorithms opaque, citing potential gaming by users that may negatively affect the algorithm's predictive power. In this paper, we develop an analytical model to compare firm and user surplus with and without algorithmic transparency in the presence of strategic users and present no...
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作者：Hajjar, Ali; Alagoz, Oguzhan
作者单位：Harvard University; Harvard Medical School; Harvard University; Harvard University Medical Affiliates; Massachusetts General Hospital; University of Wisconsin System; University of Wisconsin Madison
摘要：Clinical practice guidelines do not sufficiently address the needs of patients with chronic conditions as these guidelines focus on single disease management and ignore unique patient-specific conditions. As a result, a nonpersonalized approach to the management of the patients with chronic conditions leads to adverse events and increases the financial burden on the healthcare system as over 150 million Americans experience chronic conditions. To this end, we develop a stochastic modeling fram...
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作者：Trivella, Alessio; Mohseni-Taheri, Danial; Nadarajah, Selvaprabu
作者单位：University of Twente; University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital
摘要：Several corporations have committed to procuring a percentage of their electricity demand from renewable sources by a future date. Long-term financial contracts with renewable generators based on a fixed strike price, known as virtual power purchase agreements (VPPAs), are popular to meet such a target. We formulate rolling power purchases using a portfolio of VPPAs as a Markov decision process, accounting for uncertainty in generator availability and in the prices of electricity, renewable en...
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作者：Li, Zhihua; Zhong, Songfa
作者单位：University of Birmingham; National University of Singapore
摘要：Dynamic structures in intertemporal choices offer multiple channels through which reference dependence can occur. We examine intertemporal reference dependence when using choice lists to elicit time preference over outcome sequences. Reference point effects can arise endogenously within an outcome sequence and exogenously from the experimental environment of the choice list. We show that estimated discount factors in the choice list are biased by both kinds of reference points and propose a mo...
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作者：Li, Wanyi Dai; Ashlagi, Itai; Lo, Irene
作者单位：Stanford University
摘要：Many countries have adopted payment for ecosystem services (PES) programs to reduce deforestation. Empirical evaluations find such programs, which pay forest owners to conserve forest, can lead to anywhere fromno impact to a 50% reduction in deforestation level. To better understand the potential effectiveness of PES contracts, we use a principal-agent model, in which the agent has an observable amount of initial forest land and a privately known baseline conservation level. Commonly used cond...
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作者：Arts, Sam; Cassiman, Bruno; Hou, Jianan
作者单位：KU Leuven; KU Leuven; University of Navarra; IESE Business School; Xiamen University
摘要：Although the rate of invention by firms and the effect on firm performance have been central themes in economics and strategy, the position and differentiation of invention by firms have received less attention. We develop a method to characterize a firm's technology portfolio based on the semantic content of patents that allows us to map a firm's unique spatial position relative to every other firm in technology space and to measure the overall differentiation of a firm's technology portfolio...
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作者：Shah, Eric D.
作者单位：University of Michigan System; University of Michigan
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作者：Sundaresan, Suresh; Wang, Zhenyu
作者单位：Columbia University; Indiana University System; IU Kelley School of Business; Indiana University Bloomington
摘要：Banks strategically choose and dynamically restructure deposits and nondeposit debt in response to the minimum requirements on total capital and tangible equity. We derive the optimal strategic liability structure and show that it minimizes the protection for deposits conditional on capital requirements. Although, given any liability structure, regulators can set capital requirements high enough to remove the incentive for risk substitution, the strategic response to the capital requirements a...
