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作者：Markovich, Sarit; Yehezkel, Yaron
作者单位：Northwestern University; Tel Aviv University
摘要：We consider platform competition when platforms can (1) commercialize users' data and in return offer their services for free (data-based business model); (2) protect users' privacy and charge users for participation (subscription-based model); or (3) offer both options (the hybrid model). We find that competition does not always motivate the incumbent platform to protect users' privacy. When network effects are intermediate, competition can motivate the incumbent to shift from the subscriptio...
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作者：Carlson, Stacy; Nguyen, Quang
作者单位：Uber Technologies, Inc.
摘要：We examine how borrowers in digital credit markets respond to dynamic incentives. To this end, we leverage quasi-experimental variation in progressive lending policies to identify causal effects on repayment behavior. Our empirical strategy uncovers systematic heterogeneity in borrower responses across different stages of the borrower-lender relationship. We find that first-time borrowers who receive exogenously larger initial loans are significantly more likely to default-consistent with elev...
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作者：Hung, Mingyi; Lin, Yupeng; Wang, Lynn Linghuan; Zhang, Zilong
作者单位：Hong Kong University of Science & Technology; National University of Singapore; University of Hong Kong; Zhejiang University
摘要：This paper examines how an increase in bank lending affects firms' investment disclosures and policies. Exploiting the unconventional liquidity injections by the European Central Bank in 2011-2012, we find that U.S. borrowers of European Union (EU) banks receive greater bank financing and issue more management capital expenditure (capex) forecasts following the liquidity injections. In contrast, we find no evidence of changes in bond financing or issuance of management earnings forecasts. We a...
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作者：Huh, Woonghee Tim; Kim, Michael Jong; Lin, Meichun
作者单位：University of British Columbia; Singapore Management University
摘要：We consider a sequential search over a group of similar alternatives. The individual value of an alternative contains two components: an observable utility and an idiosyncratic value. Observable utilities share an unknown population distribution, which captures the similarity across the alternatives and allows for knowledge transfer within the group. Once a decision maker encounters an alternative, its utility is revealed immediately, whereas the idiosyncratic value is unobservable and needs t...
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作者：Kanazawa, Kyogo; Kawaguchi, Daiji; Shigeoka, Hitoshi; Watanabe, Yasutora
作者单位：University of Tokyo; Yokohama National University; IZA Institute Labor Economics; Simon Fraser University; National Bureau of Economic Research
摘要：We examine the impact of artificial intelligence (AI) on productivity in the context of taxi drivers. The AI we study assists drivers with finding customers by suggesting routes along which the demand is predicted to be high. We find that AI improves drivers' productivity by shortening the cruising time, and this gain is accrued only to low-skilled drivers, narrowing the productivity gap between high- and low-skilled drivers by 13.4%. This case study provides evidence that AI and skill are ind...
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作者：Bhargava, Hemant; Dubus, Antoine; Ronayne, David; Shekhar, Shiva
作者单位：University of California System; University of California Davis; Swiss Federal Institutes of Technology Domain; ETH Zurich; Tilburg University
摘要：Large, generalist, technology firms-so-called big-tech firms-powerful in their primary market, routinely enter secondary markets consisting of specialist firms. Naturally, one might expect a specialist firm to be fiercely protective of its data as a way to maintain its market position in the secondary market. Counter to this intuition, we demonstrate that a specialist firm willingly shares its market data with an intruding generalist. We do so by developing a model of cross-market competition ...
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作者：Zhao, Xuejun; Jia, Justin; Zhao, Hui
作者单位：University of North Carolina; University of North Carolina Charlotte; University of Tennessee System; University of Tennessee Knoxville; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：Generic drug shortages have posed significant challenges to the U.S. pharmaceutical industry and the government for two decades, causing severe consequences and drawing widespread attention. Substantial efforts have been devoted to identifying the causes, with some linking shortages to Medicare's adoption of the average sales price (ASP) policy for hospital drug reimbursement. However, little research has captured the connections among reimbursement policies, shortages, and the influence of gr...
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作者：Simchi-Levi, David; Wang, Chonghuan
作者单位：Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); University of Texas System; University of Texas Dallas
摘要：This article may be used only for the purposes of research, teaching, and/or private study. Commercial use or systematic downloading (by robots or other automatic processes) is prohibited without explicit Publisher approval, unless otherwise noted. For more information, contact permissions@informs.org. The Publisher does not warrant or guarantee the article's accuracy, completeness, merchantability, fitness inclusion of an advertisement in this article, neither constitutes nor implies a guaran...
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作者：Schwaiger, Rene; Strucks, Markus; Zeisberger, Stefan
作者单位：University of Innsbruck; Montpellier Business School; Radboud University Nijmegen; University of Zurich
摘要：Narrow bracketing in combination with loss aversion has been shown to reduce individual risk taking. This is known as myopic loss aversion (MLA) and has been corroborated by many studies. Recent evidence has contested this notion, indicating that MLA's applicability is confined to highly artificial settings. Given the impact of these findings, we reevaluated the evidence on MLA with substantially higher statistical power than in almost all previous studies. We systematically modified the semin...
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作者：Kosilova, Natalia; Alptekinoglu, Aydin
作者单位：Oracle; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：Essentially every choice involves an information collection or search phase prior to a decision-making phase that culminates in a choice. To study the information collection phase within an important class of search problems and understand how it influences the final choice, we embed an analytically tractable discrete choice model in a classical model of sequential search with perfect recall. Although significant progress has been made in the theory literature in analyzing consumers' discrete ...
