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作者：Boyaci, Tamer; Akcay, Yalcin
作者单位：European School of Management & Technology; Koc University
摘要：We study the optimal pricing problem of a monopolistic firm facing customers with limited attention and capability to process information about the value (quality) of a single offered product. We model customer choice based on the theory of rational inattention in the economics literature, which enables us to capture not only the impact of true quality and price, but also the intricate effects of customer's prior beliefs and cost of information acquisition and processing. We formulate the firm...
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作者：Mehra, Amit; Kumar, Subodha; Raju, Jagmohan S.
作者单位：University of Texas System; University of Texas Dallas; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; University of Pennsylvania
摘要：Customers often evaluate products at brick-and-mortar stores to identify their best-fit product but buy it for a lower price at a competing online retailer. This free-riding behavior by customers is referred to as showrooming, and we show that this is detrimental to the profits of the brick-and-mortar stores. We first analyze price matching as a short-term strategy to counter showrooming. Price matching allows customers to purchase a product from the store for less than the store's posted pric...
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作者：van Leeuwen, Boris; Noussair, Charles N.; Offerman, Theo; Suetens, Sigrid; van Veelen, Matthijs; van de Ven, Jeroen
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作者：Dhanorkar, Suvrat S.; Siemsen, Enno; Linderman, Kevin W.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of Wisconsin System; University of Wisconsin Madison; University of Minnesota System; University of Minnesota Twin Cities
摘要：Regulatory agencies, auditing firms, and supply chain partners externally promote change in firms. To this end, they commonly employ two different and somewhat contradictory intervention approaches. One approach uses punitive tactics to coerce firms to change, while the other approach uses supportive tactics to encourage change. Using the context of government agencies promoting environmental improvements in firms, we examine whether such punitive (e.g., regulatory inspections with possible sa...
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作者：Ungemach, Christoph; Camilleri, Adrian R.; Johnson, Eric J.; Larrick, Richard P.; Weber, Elke U.
作者单位：Technical University of Munich; Royal Melbourne Institute of Technology (RMIT); Columbia University; Duke University; Princeton University
摘要：Every attribute can be expressed in multiple ways. For example, car fuel economy can be expressed as fuel efficiency (miles per gallon), fuel cost in dollars, or tons of greenhouse gases emitted. Each expression, or translation, highlights a different aspect of the same attribute. We describe a new mechanism whereby translated attributes can serve as decision signposts because they (1) activate otherwise dormant objectives, such as proenvironmental values and goals, and (2) direct the person t...
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作者：Delage, Erick; Li, Jonathan Yu-Meng
作者单位：Universite de Montreal; HEC Montreal; University of Ottawa
摘要：Since the financial crisis of 2007-2009, there has been a renewed interest in quantifying more appropriately the risks involved in financial positions. Popular risk measures such as variance and value-at-risk have been found inadequate because we now give more importance to properties such as monotonicity, convexity, translation invariance, positive homogeneity, and law invariance. Unfortunately, the challenge remains that it is unclear how to choose a risk measure that faithfully represents a...
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作者：Aven, Brandy; Hillmann, Henning
作者单位：Carnegie Mellon University; University of Mannheim
摘要：To refine the understanding of the social network characteristics of entrepreneurial teams, we present a new construct: structural role complementarity. In particular, we examine the variation between team members' respective abilities to act as network brokers. Based on the cofounding networks of 9,461 entrepreneurs and 2,446 large-scale industrial enterprises over 45 years in Russia's emerging economy (1869-1913), our findings show that variation among team members' brokering ability signifi...
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作者：Burtch, Gordon; Carnahan, Seth; Greenwood, Brad N.
作者单位：University of Minnesota System; University of Minnesota Twin Cities; University of Michigan System; University of Michigan
摘要：We examine how the entry of gig-economy platforms influences local entrepreneurial activity. On the one hand, such platforms may reduce entrepreneurial activity by offering stable employment for the unemployed and underemployed. On the other hand, such platforms may enable entrepreneurial activity by offering work flexibility that allows the entrepreneur to redeploy resources strategically in order to pursue the nascent venture. To resolve this tension, we examine the entry of the ridesharing ...
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作者：Hertzberg, Andrew
作者单位：Columbia University
摘要：This paper presents a theory of disclosure in a market where investors have heterogeneous beliefs and face short-sale constraints. Assets trade above fundamentals reflecting the value of the option to sell to more optimistic investors in the future. The initial seller has an incentive to commit to an imprecise disclosure policy, despite the negative effect this has on the fundamental value of the asset, in order to increase the potential for disagreement and hence the magnitude of the speculat...
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作者：Jiang, John (X. ); Wang, Isabel Y.; Wang, K. Philip
作者单位：Michigan State University; Michigan State University's Broad College of Business; State University System of Florida; University of Florida
摘要：This study examines whether revolving rating analysts who transition from major rating agencies to issuers are associated with any rating inflation in the issuers' mortgage-backed securities (MBS) or asset-backed securities (ABS). Using professional profiles posted on LinkedIn to identify revolving rating analysts with structured finance rating experience, we find that the more the issuers employ such analysts, the more likely that ratings of issuers' MBS and ABS new issuances are inflated com...
