作者：Ogura, Yoshiaki; Okui, Ryo; Saito, Yukiko Umeno
作者单位：Waseda University; University of Tokyo
摘要：This paper develops a theoretical framework for network-motivated forbearance lending, or forbearance lending to influential buyers and sellers in a supply network. Because dominant banks in a financial market internalize the negative externality of an influential firm's exit, they may continue to refinance a loss-making influential firm at an interest rate lower than the prime rate. This type of forbearance lending is distinct from other strategies such as evergreening or gambling for resurre...
作者：Simester, Duncan; Timoshenko, Artem; Zoumpoulis, Spyros I.
作者单位：Massachusetts Institute of Technology (MIT); Northwestern University; INSEAD Business School
摘要：We propose an approach for determining the sample size required when using an experiment to train and certify a targeting policy. Calculating the rate at which the performance of a targeting model improves with additional training data is a complex problem. We address this challenge by assuming that customers are grouped into segments that capture relevant information about their responsiveness to the firm's marketing actions. We consider two problem formulations. The first formulation identif...
