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作者：Chandy, Rajesh; Dowell, Glen; Mayer, Colin; Plambeck, Erica; Serafeim, George; Toffel, Michael W.; Toktay, L. Beril; Weberg, Elke
作者单位：University of London; London Business School; Cornell University; University of Oxford; Stanford University; Harvard University; University System of Georgia; Georgia Institute of Technology; Princeton University
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作者：Wu, Jason Xianghua; Wu, Yan (Diana); Chen, Kay-Yut; Hua, Lei
作者单位：University of New South Wales Sydney; California State University System; San Jose State University; California State University System; San Jose State University; University of Texas System; University of Texas Arlington; University of Texas System; University of Texas at Tyler
摘要：The trust game, a simple two-player economic exchange, is extensively used as an experimental measure for trust and trustworthiness of individuals. We construct deep neural network-based artificial intelligence (AI) agents to participate a series of experiments based upon the trust game. These artificial agents are trained by playing with one another repeatedly without any prior knowledge, assumption, or data regarding human behaviors. We find that, under certain conditions, AI agents produce ...
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作者：Slager, Rieneke; Chuah, Kevin; Gond, Jean-Pascal; Furnari, Santi; Homanen, Mikael
作者单位：University of Groningen; Northeastern University; University of London
摘要：We study collaborative shareholder engagements on climate change issues. These engagements involve coalitions of investors pursuing behind-the-scenes dialogue to encourage target firms to adopt environmental sustainability practices. Drawing on a unique data set of 553 engagements coordinated by the United Nations-supported Principles for Responsible Investment-and an innovative mixed-methods approach integrating fuzzy-set qualitative comparative analysis with regression analysis and qualitati...
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作者：Hsu, Po-Hsuan; Liang, Hao; Matos, Pedro
作者单位：National Tsing Hua University; Singapore Management University; European Corporate Governance Institute
摘要：In a 2010 special report, The Economist magazine termed the resurgence of stateowned, publicly listed enterprises Leviathan Inc. and criticized the poor governance and low efficiency of these firms. We compile a new comprehensive data set of state ownership of publicly listed firms in 44 countries over the period of 2004-2017 and show that state-owned enterprises are more responsive to environmental issues. The effect is more pronounced in economies lacking energy security and strong environme...
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作者：Sosic, Greys
作者单位：University of Southern California
摘要：Is it feasible to build desalination plants for the coproduction of salt and fresh water from U.S. seawater that could lead to a restructuring of supply chains for salt imports? As it is predicted that climate change will increase water stress worldwide, an increasing number of countries are using desalination plants to generate fresh water. In most such cases, residual concentrates must be disposed of, and the disposal cost is increasing as countries are becoming more environmentally consciou...
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作者：Simchi-Levi, David; Xu, Yunzong
作者单位：Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); Microsoft; University of Illinois System; University of Illinois Urbana-Champaign
摘要：We consider the classic stochastic multiarmed bandit problem with a constraint that limits the total cost incurred by switching between actions to be no larger than a given switching budget. For this problem, we prove matching upper and lower bounds on the optimal (i.e., minimax) regret and provide efficient rate-optimal algorithms. Surprisingly, the optimal regret of this problem exhibits a nonconventional growth rate in terms of the time horizon and the number of arms. Consequently, we disco...
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作者：Filippas, Apostolos; Jagabathula, Srikanth; Sundararajan, Arun
作者单位：Fordham University; New York University
摘要：We report experimental and quasi-experimental evidence from a sharing economy marketplace that transitioned from decentralized to centralized pricing. Centralized pricing increased the utilization of providers' assets, resulting in higher revenues but also higher transaction costs. Providers who were barred from accessing the price system made nonprice adjustments, including reducing the availability of their assets, canceling booked transactions, and exiting the market. Providers who retained...
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作者：Ardia, David; Bluteau, Keven; Boudt, Kris; Inghelbrecht, Koen
作者单位：Universite de Montreal; HEC Montreal; Universite de Montreal; HEC Montreal; University of Sherbrooke; Vrije Universiteit Brussel; Ghent University; Vrije Universiteit Amsterdam
摘要：We empirically test the prediction of Pa ' stor et al. (2021) that green firms outperform brown firms when concerns about climate change increase unexpectedly, using data for S&P 500 companies from January 2010 to June 2018. To capture unexpected increases in climate change concerns, we construct a daily Media Climate Change Concerns index using news about climate change published by major U.S. newspapers and newswires. We find that on days with an unexpected increase in climate change concern...
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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...
