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作者：Bu, Jinzhi; Simchi-Levi, David; Xu, Yunzong
作者单位：Hong Kong Polytechnic University; Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT)
摘要：This paper investigates the impact of pre-existing offline data on online learning in the context of dynamic pricing. We study a single-product dynamic pricing problem over a selling horizon of T periods. The demand in each period is determined by the price of the product according to a linear demand model with unknown parameters. We assume that before the start of the selling horizon, the seller already has some pre-existing offline data. The offline data set contains n samples, each of which...
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作者：Holden, Richard; Malani, Anup
作者单位：University of New South Wales Sydney; University of Chicago; National Bureau of Economic Research
摘要：Blockchain technology offers firms a novel method of raising capital via so-called initial coin offerings (ICOs). In the most common form of an ICO, a firm creates digital assets called utility tokens that are tracked on a blockchain-based ledger, requires that its product be purchased only with those tokens, and then, raises capital by selling these tokens to investors prior to creating any saleable product. (Some nonfungible tokens (NFTs) may function in a similar fashion.) We model a fundam...
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作者：Martel, Jordan; Van Wesep, Edward Dickersin; Van Wesep, Robert
作者单位：Indiana University System; IU Kelley School of Business; Indiana University Bloomington; University of Colorado System; University of Colorado Boulder
摘要：Researchers have often attributed discrete messages such as ratings to a difference in preferences between sender and receiver. By extending a standard model of information transmission, we show that discreteness can also arise when preferences are identical but misinterpretation is possible. Whereas discrete messages are less precise, they are easier to interpret. We provide predictions for the distribution of ratings. If we believe that an observed distribution results from cooperative behav...
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作者：Zhang, Chenglong; Chen, Jianqing; Raghunathan, Srinivasan
作者单位：The Chinese University of Hong Kong, Shenzhen; University of Texas System; University of Texas Dallas
摘要：We examine competition between two-sided platforms in a sharing economy. In sharing economies, workers self-schedule their supply based on the wage they receive. The platforms compete for workers as well as consumers. To attract workers, platforms use diverse wage schemes, including fixed commission rate, dynamic commission rate, and fixed wage. We develop a model to examine the impacts of the self-scheduled nature of the supply on competing platforms and the role of the wage scheme in the pla...
