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作者:Davis, Andrew M.; Huang, Rihuan; Thomas, Douglas J.
作者单位:Cornell University; University of Virginia
摘要:When multiple retailers hold inventory to satisfy random demand, retailer inventory-sharing strategies can potentially reduce the supply-demand mismatch and increase overall supply chain performance. In this paper, we experimentally investigate alternative inventory-sharing strategies in a two-tier supply chain with an upstream manufacturer and two downstream retailers. In one setting, retailers act as if they are centralized and use a single quantity to fulfill joint demand. In the other, ret...
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作者:Adbi, Arzi; Chatterjee, Chirantan; Mishra, Anant
作者单位:National University of Singapore; University of Sussex; Indian Institute of Management (IIM System); Indian Institute of Management Ahmedabad; Stanford University; University of Minnesota System; University of Minnesota Twin Cities
摘要:Global shocks bring unanticipated changes in the business environment of foreign multinational enterprises (MNEs) and rival domestic firms. We examine whether there is a difference between how MNEs and domestic firms react in heterogeneous local or subnational markets to a global demand shock. Leveraging the 2009-2010 H1N1 influenza pandemic as a source of exogenous variation in global demand for influenza vaccines, we investigate the role of subnational heterogeneity in economic resources, in...
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作者:Laussel, Didier; Resende, Joana
作者单位:Aix-Marseille Universite; Centre National de la Recherche Scientifique (CNRS); Universidade do Porto
摘要:This paper investigates duopoly competition when horizontally differentiated firms are able to make personalized product-price offers to returning customers, within a behavior-based discrimination model. In the second period, firms can profile old customers according to their preferences, selling them targeted products at personalized prices. Product-price personalization (PP) allows firms to retain all old customers, eliminating second-period customer poaching. The overall profit effects of P...
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作者:Kim, Byungyeon; Koenigsberg, Oded; Ofek, Elie
作者单位:Harvard University; University of London; London Business School
摘要:Innovations embody novel features or cutting-edge components aimed at delivering desired customer benefits. Oftentimes, however, we observe the need to recall new products shortly after their introduction. Indeed, a firm may rush an innovation to market in an attempt to pre-empt rivals and capture early demand, yet in so doing forgo rigorous testing, thus subjecting itself to the risk of a product recall. To shed light on this phenomenon, we construct a dynamic game-theoretic model in which fi...
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作者:Cohen, Maxime C.; Elmachtoub, Adam N.; Lei, Xiao
作者单位:McGill University; Columbia University; Columbia University
摘要:Price discrimination strategies, which offer different prices to customers based on differences in their valuations, have become common practice. Although it allows sellers to increase their profits, it also raises several concerns in terms of fairness (e.g., by charging higher prices (or denying access) to protected minorities in case they have higher (or lower) valuations than the general population). This topic has received extensive attention from media, industry, and regulatory agencies. ...
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作者:Nam Ho-Nguyen; Kilinc-Karzan, Fatma
作者单位:University of Sydney; Carnegie Mellon University
摘要:Prediction methods are often employed to estimate parameters of optimization models. Although the goal in an end-to-end framework is to achieve good performance on the subsequent optimization model, a formal understanding of the ways in which prediction methods can affect optimization performance is notably lacking. This paper identifies conditions on prediction methods that can guarantee good optimization performance. We provide two types of results: asymptotic guarantees under a well-known F...
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作者:Chernykh, Lucy; Mityakov, Sergey
作者单位:Clemson University; State University System of Florida; Florida State University
摘要:We use high-frequency data to study access and response to bank-level information by corporate depositors during a banking crisis. We examine a bank panic episode in Russia during the summer of 2004 triggered by the Central Bank of Russia (CBR) announcement to liquidate banks for suspicious operations. Our results support the presence of sophisticated depositor monitoring and discipline. Private information about bank risk is available to depositor-firms with a strong business connection to th...
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作者:Lapre, Michael A.; Cravey, Candace
作者单位:Vanderbilt University; University of Virginia
摘要:Organizations can learn from prior successes and failures to improve organizational performance. Few learning-curve studies have investigated this phenomenon at the individual level. A notable exception found that surgeons learn from their own success and others' failure. Success in surgery is common and individually independent from other surgeries. We study learning from success and failure in a context where success is rare and competitive: Formula One (F1) racing. Only one driver will win ...
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作者:Chen, Wei; Wei, Zaiyan; Xie, Karen
作者单位:University of Arizona; Purdue University System; Purdue University; University of Denver
摘要:As cities debate how to regulate Airbnb and other home-sharing services, we study the impacts of home sharing on local residential real estate markets. By accommodating transient travelers with short-term rental properties, home-sharing platforms have evolved as a major alternative channel that attracts the growing supply of residential properties. However, on the demand side of local residential markets, home-sharing platforms are not a viable option for residents. To demonstrate this dynamic...
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作者:Lu, Tao; Yuan, May; Wang, Chong (Alex); Zhang, Xiaoquan (Michael)
作者单位:Southern University of Science & Technology; Chinese University of Hong Kong; Peking University; Tsinghua University; Chinese University of Hong Kong
摘要:Existing research on word-of-mouth considers various descriptive statistics of rating distributions, such as the mean, variance, skewness, kurtosis, and even entropy and the Herfindahl-Hirschman index. But real-world consumer decisions are often derived from visual assessment of displayed rating distributions in the form of histograms. In this study, we argue that such distribution charts may inadvertently lead to a consumer-choice bias that we call the histogram distortion bias (HDB). We prop...