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作者：Liu, Jiayi; Bharadwaja, Anandhi
作者单位：Emory University
摘要：The United States is in the midst of a drug overdose epidemic. Although the online availability of drugs has been a growing concern with considerable speculation that digital platforms are contributing to this epidemic, empirical assessments have been lacking. To quantify this impact, we rely on the phased rollout of Craigslist, a major online platform, as an experimental setup. Applying a difference-in-differences approach on a national panel data set for all counties in the United States fro...
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作者：Han, Shu; Ravid, S. Abraham
作者单位：Yeshiva University; Lund University
摘要：Theater shows routinely turn over actors in lead roles. Otherwise, the show stays the same, including the director, the script, other actors and, the physical theater environment Even the lines performed do not change the set. Therefore, the theater provides a unique laboratory for assessing the value of human capital to an enterprise, a question that has been studied in other contexts, including the CEO value literature. We compare revenues, capacity, and ticket prices just before and just af...
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作者：Choi, Emily W.; Ozer, Ozalp; Zheng, Yanchong
作者单位：University of Texas System; University of Texas Dallas; Massachusetts Institute of Technology (MIT)
摘要：We integrate the results of a social network survey and a forecast information sharing experiment to examine the roles of trust and trustworthiness in impacting highranking executives' decisions in supply chain interactions. The members of our executive sample have, on average, 17 years of work experience. A significant portion of them holds positions at the C-level in world-leading organizations that span a wide range of industries. By examining the roles of trust and trustworthiness in the d...
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作者：Haviv, Avery; Huang, Yufeng; Li, Nan
作者单位：University of Rochester; Tongji University
摘要：YMany platform strategies focus on indirect network effects between sellers through platform expansion. In this paper, we show sellers on the console video game platform generate a positive intertemporal spillover effect and expand the demand for other sellers, holding the set of platform adopters fixed. We propose a novel identification strategy that leverages exogenous variation in the release timing of games exclusively available on a console platform, and examine how this variation affects...
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作者：Mamadehussene, Samir
作者单位：Universidade Catolica Portuguesa
摘要：This paper analyzes price comparison platforms' equilibrium design of their search environments, namely the order under which firms are displayed (having a prominent firm or listing firms randomly) and how much price complexity firms are able to use. It is found that (1) the possibility to obfuscate amplifies firms' willingness to pay for the prominent position; (2) when platforms sell prominence, they optimally allow for more obfuscation than they would if they were to display firms randomly;...
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作者：Emadi, Seyed Morteza; Staats, Bradley R.
作者单位：University of North Carolina; University of North Carolina Chapel Hill; University of North Carolina School of Medicine
摘要：Worker attrition is a costly and operationally disruptive challenge throughout the world. Although large bodies of research have documented drivers of attrition and the operational consequences of attrition, managers still lack an integrated approach to understanding attrition and making decisions to address it on a forward-going basis. To fill this need, we build a structural model that both captures the firm's decision to terminate a worker's employment (involuntary attrition) and uses an op...
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作者：Filippas, Apostolos; Horton, John J.; Zeckhauser, Richard J.
作者单位：Fordham University; Massachusetts Institute of Technology (MIT); Harvard University
摘要：New Internet-based sharing-economy markets enable consumer-owners to rent out their durable goods to nonowners. We model such markets and explore their equilibria both in the short run, in which ownership decisions are fixed, and in the long run, in which ownership decisions can be changed. We find that sharing-economy markets always expand consumption and increase surplus, but may increase or decrease ownership. Regardless, ownership is decoupled from individual preferences in the long run, a...
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作者：Chun, So Yeon; Lejeune, Miguel A.
作者单位：Georgetown University; INSEAD Business School; George Washington University
摘要：We consider a lender (bank) that determines the optimal loan price (interest rate) to offer to prospective borrowers under uncertain borrower response and default risk. A borrower may or may not accept the loan at the price offered, and both the principal loaned and the interest income become uncertain because of the risk of default. We present a risk-based loan pricing optimization framework that explicitly takes into account the marginal risk contribution, the portfolio risk, and a borrower'...
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作者：Paddrik, Mark; Rajan, Sriram; Young, H. Peyton
作者单位：Office of Financial Research; United States Department of the Treasury; University of London; London School Economics & Political Science; University of Oxford
摘要：A major credit shock can induce large intraday variation margin payments between counterparties in derivatives markets, which may force some participants to default on their payments. These payment shortfalls become amplified as they cascade through the network of exposures. Using detailed Depository Trust & Clearing Corporation data, we model the full network of exposures, shock-induced payments, initial margin collected, and liquidity buffers for about 900 firms operating in the U.S. credit ...
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作者：Tambe, Prasanna; Ye, Xuan; Cappelli, Peter
作者单位：University of Pennsylvania; Boston College
摘要：We test the hypothesis that information technology (IT) workers accept a compensating differential to work with emerging IT systems and that employers that invest in these systems can, in turn, capture greater value from the wages they pay. We show that much of the utility IT workers derive from these systems is from skills acquired on the job. This is principally true for younger workers at employers where skill development is encouraged, and the effects are stronger in thicker markets where ...
