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作者：Joslin, Scott; Le, Anh
作者单位：University of Southern California; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：Within the affine framework, many have observed a tension between matching conditional first and second moments in dynamic term structure models (DTSMs). Although the existence of this tension is generally accepted, less understood is the mechanism that underlies it. We show that no arbitrage along with the rich information in the cross section of yields has strong implications for both the dynamics of volatility and the forecasts of yields. We show that this link implied by the absence of arb...
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作者：Dong, Jing; Ibrahim, Rouba
作者单位：Columbia University; University of London; University College London
摘要：The shortest-remaining-processing-time (SRPT) scheduling policy has been extensively studied, for more than 50 years, in single-server queues with infinitely patient jobs. Yet, much less is known about its performance in multiserver queues. In this paper, we present the first theoretical analysis of SRPT in multiserver queues with abandonment. In particular, we consider the M/GI/s + GI queue and demonstrate that, in the many-sever overloaded regime, performance in the SRPT queue is equivalent,...
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作者：Yu, Qiuping; Allon, Gad; Bassamboo, Achal
作者单位：University System of Georgia; Georgia Institute of Technology; University of Pennsylvania; Northwestern University
摘要：We explore whether customers are loss averse in time and how delay information may impact such reference-dependent behavior using observational and field experiment data from two call centers of an Israeli bank. We consider settings with no announcements and announcements of different accuracy levels. We face two key challenges: (1) we do not observe the reference points customers use in our data, as any other field studies, and (2) it is difficult to separate the reference-dependent behavior ...
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作者：Chatterjee, Prabirendra; Zhou, Bo
作者单位：Cardiff University; University System of Maryland; University of Maryland College Park
摘要：Sponsored content advertising, also known as native advertising, is a new ad format in which a brand's content takes the same form and qualities of the publisher's original content. Although many advertisers have largely embraced this new advertising format, consumers seem to react negatively toward sponsored content ads. In this paper, we present an analytical model that studies the strategic role of sponsored content advertising in a two-sided media market. We identify conditions under which...
