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作者：Harrington, Joseph E., Jr.
作者单位：University of Pennsylvania
摘要：A third party developer designs and sells a pricing algorithm that enhances a firm's ability to tailor prices to a source of demand variation, whether high-frequency demand shocks or market segmentation. The equilibrium pricing algorithm is characterized that maximizes the third party's profit given firms' optimal adoption decisions. Outsourcing the pricing algorithm does not reduce competition but does make prices more sensitive to the demand variation, and this is shown to decrease consumer ...
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作者：Ashkanani, Ahmad M.; Dunford, Benjamin B.; Mumford, Kevin J.
作者单位：Kuwait University; Purdue University System; Purdue University
摘要：We study the joint effects of motivation and workload on human servers' service time. Using operational and survey data from a call center with a pooled queue structure and limited financial incentives, we examine how individual differences between servers' trait intrinsic motivation (IM) and extrinsic motivation (EM) impact their average offline, online, and total service times in response to changing workloads. We find significant differences in the patterns of workload and service time rela...
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作者：Xu, Yan; Ni, Jian
作者单位：Virginia Polytechnic Institute & State University; Johns Hopkins University
摘要：Reward-based crowdfunding has enabled entrepreneurs to interact with consumers even before product launches. However, this market persistently suffers from a high failure rate; that is, entrepreneurs fail to launch and deliver their products as promised. We investigate the extent to which this high failure rate is because of information distortion-entrepreneurs have uncertainty about consumers' evaluation of the new products. We model the product launch decisions of different types of entrepre...
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作者：Berman, Ron; Van den Bulte, Christophe
作者单位：University of Pennsylvania
摘要：We investigate what fraction of all significant results in website A/B testing is actually null effects (i.e., the false discovery rate (FDR)). Our data consist of 4,964 effects from 2,766 experiments conducted on a commercial A/B testing platform. Using three different methods, we find that the FDR ranges between 28% and 37% for tests conducted at 10% significance and between 18% and 25% for tests at 5% significance (two sided). These high FDRs stem mostly from the high fraction of true null ...
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作者：Daljord, Oystein
作者单位：University of Chicago
摘要：We exploit a change in Norway's fixed book pricing policies to construct exclusion restrictions with which to identify consumers' discount factor. We assume that the policy change generated an unanticipated, exogenous shock to consumers' expectations about future price cuts. Our findings suggest that consumers are much more impatient than would be implied by the real rate of interest, challenging the standard assumed rate of discounting in the extant literature on dynamic demand estimation. Th...
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作者：Chen, Manlu; Hu, Ming; Wang, Jianfu
作者单位：Renmin University of China; University of Toronto; City University of Hong Kong
摘要：With food delivery services, customers can hire delivery workers to pick up food on their behalf. To investigate the long-term impact of food delivery services on the restaurant industry, we model a restaurant serving food to customers as a stylized single-server queue with two streams of customers. One stream consists of tech-savvy customers who have access to a food delivery service platform. The other stream consists of traditional customers who are not able to use a food delivery service a...
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作者：Ma, Song; Tong, Joy Tianjiao; Wang, Wei
作者单位：Yale University; National Bureau of Economic Research; Western University (University of Western Ontario); Queens University - Canada
摘要：We study how innovative firms manage their innovation portfolios after filing for Chapter 11 reorganization using three decades of data. We find that they sell off core (i.e., technologically critical and valuable), rather than peripheral, patents in bankruptcy. The selling pattern is driven almost entirely by firms with greater use of secured debt, and the mechanism is secured creditors exercising their control rights on collateralized patents. Creditor-driven patent sales in bankruptcy have ...
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作者：Wang, Guihua
作者单位：University of Texas System; University of Texas Dallas
摘要：We study the effect ofMedicaid expansion on wait time in the emergency department (ED), using a difference-in-differences approach, where the treatment group includes the states that expandedMedicaid at the beginning of 2014 and the control group includes the states that did not expandMedicaid before 2016. We first focus on the average treatment effect and find that Medicaid expansion increases ED wait time by 10.4% (or 3.5 minutes). We then develop a first-difference causal forest (FDCF) appr...
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作者：Wang, Jessie Jiaxu; Capponi, Agostino; Zhang, Hongzhong
作者单位：Arizona State University; Arizona State University-Tempe; Columbia University
摘要：This paper develops a framework for designing collateral requirements in a centrally cleared market. Clearing members post collateral-initial margins and default fundsto increase their pledgeable income, thereby committing to risk management. The two types of collateral, however, are not perfect substitutes. By achieving loss mutualization, default funds are economically more efficient than initial margins in aligning members' incentives for risk management ex ante. The optimal mix of collater...
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作者：Bao, Ying; Shi, Mengze; Kalra, Ajay
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Toronto; Rice University
摘要：We examine a firm's contract design problem in the context of allocating resources to new products with uncertain potential being developed by the managers vying for funds. The firm faces twin problems of identifying the right project(s) to prioritize them, and next also motivate the managers to exert effort in implementing the project to successful fruition. The firm's contract design can incentivize the managers either using a resource-based incentive plan, which offers a reward based on the...
