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作者：He, Chuan; Ke, Shaowei; Zhang, Xingtan
作者单位：University of Colorado System; University of Colorado Boulder; University of Michigan System; University of Michigan
摘要：Firms offer a variety of products to meet different customer needs. In many horizontally differentiated markets, prices are stable, and firms make infrequent adjustments to their product lines. Although prior research focused on product line design, we investigate how firms should allocate their marketing effort when their product lines are fixed. We propose a simple model to analyze product line marketing. Our model exhibits a flagship product effect in which the firm's optimal marketing effo...
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作者：Yu, Qiuping; Zhang, Yiming; Zhou, Yong-Pin
作者单位：University System of Georgia; Georgia Institute of Technology; Georgetown University; The Chinese University of Hong Kong, Shenzhen; University of Washington; University of Washington Seattle
摘要：The growing adoption of virtual queues in the service and retail industries has been greatly accelerated in recent times. In collaboration with a major ride-sharing platform, we study how the wait time information (WTI), both its initial magnitude and its subsequent progress over time, impacts customers' abandonment behavior in virtual queues. The study was conducted through a randomized field experiment that included 1,425,745 rides: one-third of the rides received a neutral WTI, one-third re...
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作者：Fattahi, Ali; Dasu, Sriram; Ahmadi, Reza
作者单位：Johns Hopkins University; University of Southern California; University of California System; University of California Los Angeles
摘要：We study a new parts-procurement planning problem that is motivated by a global auto manufacturer (GAM) that practices mass customization. Because of the astronomically large number of producible configurations, forecasting their demand is impossible. Instead, firms forecast demand for options that constitute a vehicle. Requirements for many parts (up to 60%) are based on the combinations of options in a fully configured vehicle. The options' forecast, however, does not map into a unique confi...
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作者：Chen, Tao; Lin, Chen; Shaoc, Xiang
作者单位：Nanyang Technological University; University of Hong Kong; Fudan University
摘要：This paper studies how globalization affects the corporate tax policies of U.S. manufacturing firms. Using U.S.-granting China Permanent Normal Trade Relations as a quasi-natural experiment, we find a significant increase in tax reduction activities for firms facing higher exposure to Chinese imports. The effect is more pronounced for firms with higher managerial slack. We also find that the effect is stronger for firms in less diversified products market and faster changing industries. We als...
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作者：Ferrari, Giulia; Ferraro, Valeria; Profeta, Paola; Pronzato, Chiara
作者单位：Boston College; Bocconi University; Bocconi University; University of Turin; Collegio Carlo Alberto
摘要：From business to politics and academia, the economic effects of gender quotas are under scrutiny. We provide newcausal evidence based on the introduction ofmandatory gender quotas for boards of directors of Italian listed companies. Exploiting staggered board elections, we find that quotas are associated with a new selection of board members, characterized by higher education and lower age, and no significant costs on firm performance or the stockmarket.
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作者：Chen, Clara Xiaoling; Kim, Minjeong Mj; Li, Laura Yue; Zhua, Wei
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Wisconsin System; University of Wisconsin Madison
摘要：This study provides the first large-sample archival evidence on the impact of three commonly used accounting performance goals (thresholds, targets, and maximums) in CEO compensation contracts on corporate risk taking. Using proxy statement disclosure on performance goals for CEOs of U.S. public companies, we find that lower thresholds and higher maximums are associated with greater corporate risk taking, and these results are more pronounced when CEOs have greater incentives to achieve accoun...
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作者：Huang, Shiyang; Xiong, Yan; Yang, Liyan
作者单位：University of Hong Kong; Hong Kong University of Science & Technology; University of Toronto; Peking University
摘要：We develop a data-sales model to study the implications of alternative data for financial markets. Investors acquire skills to process the purchased raw data, and developing such skills is costly and involves considerable uncertainty. The data vendor controls the size of the data sample to influence the precision of the information investors can extract from the purchased data. Price informativeness is hump-shaped in skill-acquisition costs although the cost of capital and return volatility ar...
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作者：Zhang, Hao
作者单位：University of British Columbia
摘要：Problems concerning dynamic learning and decision making are difficult to solve analytically. We study an infinite-horizon discrete-time model with a constant unknown state that may take two possible values. As a special partially observable Markov decision process (POMDP), this model unifies several types of learning-and-doing problems such as sequential hypothesis testing, dynamic pricing with demand learning, and multiarmed bandits. We adopt a relatively new solution framework fromthe POMDP...
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作者：Chen, Boxiao; Simchi-Levi, David; Wang, Yining; Zhou, Yuan
作者单位：University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; Massachusetts Institute of Technology (MIT); State University System of Florida; University of Florida; University of Illinois System; University of Illinois Urbana-Champaign; Yanqi Lake Beijing Institute of Mathematical Sciences & Applications
摘要：We consider the periodic review dynamic pricing and inventory control problemwith fixed ordering cost. Demand is randomand price dependent, and unsatisfied demand is backlogged. With complete demand information, the celebrated (s, S, p) policy is proved to be optimal, where s and S are the reorder point and order-up-to level for ordering strategy, and p, a function of on-hand inventory level, characterizes the pricing strategy. In this paper, we consider incomplete demand information and devel...
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作者：Zhang, Chong; Yu, Man; Chen, Jian
作者单位：Tilburg University; Hong Kong University of Science & Technology; Tsinghua University
摘要：This paper examines an innovative return policy, return insurance, emerging on various shopping platforms such as Taobao.com and JD.com. Return insurance is underwritten by an insurer and can be purchased by either a retailer or a consumer. Under such insurance, the insurer partially compensates consumers for their hassle costs associated with product return. We analyze the informational roles of return insurance when product quality is the retailer's private information, consumers infer quali...
