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作者:Colliard, Jean-Edouard; Demange, Gabrielle
作者单位:Paris School of Economics
摘要:In over-the-counter markets for assets, such as bonds and securitizations, large volumes can be split into smaller pieces and gradually sold to several final investors with the intermediation of multiple dealers. This paper proposes a model to study this process, called asset dissemination. A dealer buys several units of an asset from a customer and then sells some units to the dealer's customers and to a second dealer, who sells to the second dealer's customers and to a third dealer, and so o...
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作者:Wang, Yining; Chen, Boxiao; Simchi-Levi, David
作者单位:State University System of Florida; University of Florida; University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT)
摘要:We consider a single product dynamic pricing with demand learning. The candidate prices belong to a wide range of a price interval; the modeling of the demand functions is nonparametric in nature, imposing only smoothness regularity conditions. One important aspect of our model is the possibility of the expected reward function to be nonconcave and indeed multimodal, which leads to many conceptual and technical challenges. Our proposed algorithm is inspired by both the Upper-Confidence-Bound a...
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作者:Ganguli, Ina; Huysentruyt, Marieke; Coq, Chloe Le
作者单位:University of Massachusetts System; University of Massachusetts Amherst; Stockholm School of Economics; Hautes Etudes Commerciales (HEC) Paris; Universite Paris-Pantheon-Assas
摘要:We conducted a field experiment to identify the causal effect of extrinsic reward cues on the sorting and performance of nascent social entrepreneurs. The experiment, carried out with one of the United Kingdom's largest support agencies for social entrepreneurs, encouraged 431 nascent social entrepreneurs to submit a full application for a grant competition that provides cash and in-kind mentoring through a one-time mailing sent by the agency. The applicants were randomly assigned to one of th...
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作者:Liu, Jia; Toubia, Olivier; Hill, Shawndra
作者单位:Hong Kong University of Science & Technology; Columbia University; University of Pennsylvania
摘要:We develop a flexible content-based search model that links the content preferences of search engine users to query search volume and click-through rates, while allowing content preferences to vary systematically based on the context of a search. Content preferences are defined over latent topics that describe the content of search queries and search result descriptions. Compared with existing applications of topic modeling in marketing and recommendation systems, our proposed approach can sim...