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作者：Fisher, Geoffrey
作者单位：Cornell University
摘要：Intertemporal discount rates vary widely across contexts and individuals. We propose that a sizable fraction of this variation results from differences in how visual attention is allocated to different features of the decision, such as earlier versus future rewards, and that fluctuations in attentional patterns alter choices. We first tested this hypothesis in an experiment in which participants chose between receiving smaller-sooner versus larger-later monetary rewards while their attention w...
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作者：Liu, Meng; Brynjolfsson, Erik; Dowlatabadi, Jason
作者单位：Washington University (WUSTL); Stanford University; National Bureau of Economic Research; Uber Technologies, Inc.
摘要：Digital platforms provide a variety of technology-enabled tools that enhance market transparency, such as real-time monitoring, ratings of buyers and sellers, and low-cost complaint channels. How do these innovations affect moral hazard and service quality? We investigate this problem by comparing driver routing choices and efficiency on a large digital platform, Uber, with traditional taxis. The identification is enabled by matching taxi and Uber trips at the origin-destination-time level so ...
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作者：Shen, Ji; Wei, Bin; Yan, Hongjun
作者单位：Peking University; Federal Reserve System - USA; Federal Reserve Bank - Atlanta; DePaul University
摘要：We analyze financial intermediation chains in a search economy that is populated by investors with heterogeneous valuations of an asset. In equilibrium, investors with moderate valuations choose to be intermediaries, and those with extreme valuations are their customers. The average length of intermediation chains is shown to be decreasing in search cost, search speed, and market size but increasing in investors' trading needs. These predictions are distinct from those implied by existing mode...
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作者：Apffelstaedt, Arno; Mechtenberg, Lydia
作者单位：University of Cologne; University of Hamburg
摘要：When preferences are sensitive to context, firms may influence purchase decisions by designing the environment of consumption choices. This paper studies how competitive retailers optimally design their product line if preferences at the store depend on whether the choice set draws consumer attention to the quality or price of a product. Before making a purchase decision, a consumer chooses among retailers without (fully) anticipating that her preferences at the store are malleable. We show th...
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作者：Banker, Rajiv; Liang, Yi; Ramasubbu, Narayan
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
摘要：Technical debt refers to the design, development, and implementation shortcuts taken by firms when deploying accounting information systems. Prior system-level studies have shown that such shortcuts decrease the reliability of systems and increase the long-term system maintenance obligations. On the one hand, technical debt may cause system disruptions that impair firm-level performance. On the other hand, incurring technical debt may aid firms to expedite their systems deployment and to imple...
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作者：Benade, Gerdus; Nath, Swaprava; Procaccia, Ariel D.; Shah, Nisarg
作者单位：Boston University; Indian Institute of Technology System (IIT System); Indian Institute of Technology (IIT) - Kanpur; Harvard University; University of Toronto
摘要：Participatory budgeting enables the allocation of public funds by collecting and aggregating individual preferences. It has already had a sizable real-world impact, but making the most of this new paradigm requires rethinking some of the basics of computational social choice, including the very way in which individuals express their preferences. We attempt to maximize social welfare by using observed votes as proxies for voters' unknown underlying utilities, and analytically compare four prefe...
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作者：Calmon, Andre P.; Ciocan, Florin D.; Romero, Gonzalo
作者单位：INSEAD Business School; University of Toronto
摘要：Motivated by online advertising, we model and analyze a revenue management problem where a platform interacts with a set of customers over a number of periods. Unlike traditional network revenue management, which treats the interaction between platform and customers as one-shot, we consider stateful customers who can dynamically change their goodwill toward the platform depending on the quality of their past interactions. Customer goodwill further determines the amount of budget that they allo...
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作者：Hu, Ming; Wang, Lu
作者单位：University of Toronto; Shanghai University of Finance & Economics
摘要：In a crowdsourcing contest, innovation is outsourced by a firm to an open crowd that competes in generating innovative solutions. Given that the projects typically consist of multiple attributes, how should the firm optimally design a crowdsourcing contest for such a project? We consider two alternative mechanisms. One is a joint contest, where the best solution is chosen from the joint solutions across attributes submitted by all contestants. The other ismultiple separate parallel subcontests...
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作者：Debo, Laurens; Li, Cuihong
作者单位：Dartmouth College; University of Connecticut
摘要：For discretionary services, longer service duration implies higher service quality. We study the optimal design and pricing of discretionary service lines, a range of services that are vertically differentiated through their duration (quality), offered to a market with customers who are heterogeneous in terms of their sensitivity to service duration. In a resource-constrained environment with stochastic arrival of demand, longer service duration also implies longer wait, which all customers di...
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作者：Wang, Yixin (Iris); Li, Jun; Wu, Di (Andrew); Anupindi, Ravi
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; University of Michigan System; University of Michigan
摘要：Using a multitier mapping of supply-chain relationships constructed from granular global, firm-to-firm supplier-customer linkages data, we quantify the degree of financial risk propagation from the supply network beyond firms' direct supply-chain connections and isolate structural network properties serving as significant moderators of risk propagation. We first document a baseline fact: a significant proportion of tier-2 suppliers are shared by tier-1 suppliers. We then construct two simple m...
