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作者：Van Lin, Arjen; Gijsbrechts, Els
作者单位：Tilburg University; Tilburg University
摘要：Grocery retailers increasingly use acquisitions to expand their presence. Such acquisitions are risky, especially when retailers decide to subsume the acquired stores under their own banner, which can take years and demands careful planning. We show how the dynamics of consumer valuations of the old and new banner affect the traffic implications of various (spatio-temporal) rollouts, and how this can be incorporated in the conversion planning. In a store-choice model with Bayesian learning, co...
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作者：Bianchi, Milo; Tallon, Jean-Marc
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Centre National de la Recherche Scientifique (CNRS); Paris School of Economics
摘要：We match administrative panel data on portfolio choices with survey data on preferences over ambiguity. We show that ambiguity averse investors bear more risk, due to a lack of diversification. In particular, they exhibit a form of home bias that leads to higher exposure to the domestic relative to the international stock market. While more sensitive to market factors, their returns are on average higher, suggesting that ambiguity averse investors need not be driven out of the market for risky...
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作者：Brown, Alexander L.; Meer, Jonathan; Williams, J. Forrest
作者单位：Texas A&M University System; Texas A&M University College Station; National Bureau of Economic Research; Portland State University
摘要：Why do individuals volunteer their time even when recipients receive far less value than the donor's opportunity cost? Previous models of altruism that focus on the overall impact of a gift cannot rationalize this behavior, despite its prevalence. We develop a model that allows for differential warm glow depending on the form of the donation. In a series of laboratory experiments that control for other aspects of volunteering, such as its signaling value, subjects demonstrate behavior consiste...
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作者：Brown, James R.; Martinsson, Gustav
作者单位：Iowa State University; Royal Institute of Technology; Swedish House of Finance
摘要：Corporate transparency reduces information asymmetries between firms and capital markets but increases the costs associated with information leakage to competitors. We explore how a country's information environment affects innovation, an activity characterized by high information asymmetries and potentially severe proprietary costs. Studying both long-run cross-country differences in the availability of firm-specific information to corporate outsiders, as well as quasi-experimental shocks to ...
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作者：Charness, Gary; Holder, Patrick
作者单位：University of California System; University of California Santa Barbara; The Brattle Group
摘要：We conduct a laboratory experiment in which participants can make donations to real charities. We vary whether the experimenter provides matching funds for any such donations, and whether there is individual or team competition for these matching funds. Our results indicate that providing matching funds for all donations does increase donations from 23% to 33% of the endowment. While individual competition for matching funds had nearly the same effectiveness as matching all donations, by far t...
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作者：Branstetter, Lee G.; Drev, Matej; Kwon, Namho
作者单位：Carnegie Mellon University; National Bureau of Economic Research; University System of Georgia; Georgia Institute of Technology
摘要：This paper documents the increasing importance of software for successful innovation in manufacturing sectors well beyond the traditional definition of electronics and information technology. Using panel data for 229 publicly listed firms from 18 countries across four manufacturing industries over the period 1981-2005, we find significant variation across firms in the software intensity of their innovative activity. Firms that exhibit a higher level of software intensity generate more patents ...
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作者：Parakhonyak, Alexei; Vikander, Nick
作者单位：University of Oxford; University of Copenhagen
摘要：This paper considers a monopolist's product-launch strategy in the presence of network effects, focusing on how to exploit these effects to the maximum possible extent. In our formal framework, the firm sets a price for its product and chooses a sales scheme, which effectively determines how consumers can learn from each other about the product's popularity. Our results on the profitability of different schemes provide insights on a variety of managerial issues that are of practical relevance ...
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作者：Chaturvedi, Aadhaar; Katok, Elena; Beil, Damian R.
作者单位：University of Namur; University of Texas System; University of Texas Dallas; University of Michigan System; University of Michigan
摘要：We investigate procurement in a setting in which the buyer is bound by sourcing rules. Sourcing rules may limit the minimum and maximum amounts of business that can be awarded to a single supplier or dictate the minimum number of suppliers who are awarded business, thus necessitating split awards. The buyer announces the splits before the auction, and suppliers bid accordingly. We consider two auction formats: the sealed-bid first-price auction, and a version of the open-bid descending-price a...
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作者：Huang, Ni; Burtch, Gordon; Gu, Bin; Hong, Yili; Liang, Chen; Wang, Kanliang; Fu, Dongpu; Yang, Bo
作者单位：Arizona State University; Arizona State University-Tempe; University of Minnesota System; University of Minnesota Twin Cities; Renmin University of China; Capital University of Economics & Business; Renmin University of China
摘要：We design a series of online performance feedback interventions that aim to motivate the production of user-generated content (UGC). Drawing on social value orientation (SVO) theory, we develop a novel set of alternative feedback message framings, aligned with cooperation (e.g., your content benefited others), individualism (e.g., your content was of high quality), and competition (e.g., your content was better than others). We hypothesize how gender (a proxy for SVO) moderates response to eac...
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作者：Jiang, Baojun; Yang, Bicheng
作者单位：Washington University (WUSTL); University of British Columbia
摘要：We provide a dynamic, game-theoretic model to examine a firm's quality and pricing decisions for its new experience goods. Early consumers do not observe product quality prior to purchase but can learn it after purchase and share that product-quality information with later consumers-for example, through online reviews. Both the firm's quality decision and its cost efficiency are the firm's private information and not directly observed by the consumer. The early consumers can make a rational in...
