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作者：Carlsson, John Gunnar; Song, Siyuan
作者单位：University of Southern California
摘要：We determine the efficiency of a delivery system in which an unmanned aerial vehicle (UAV) provides service to customers while making return trips to a truck that is itself moving. In other words, a UAV picks up a package from the truck (which continues on its route), and after delivering the package, the UAV returns to the truck to pick up the next package. Although the hardware for such systems already exists, the extent to which such an approach can actually provide a significantly improved...
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作者：Clement, Julien; Puranam, Phanish
作者单位：INSEAD Business School; INSEAD Business School
摘要：Is top-down organization design worth attempting at all, or should organizations simply let their members learn which patterns of interaction are valuable by themselves, through a bottom-up process? Our analysis of an agent-based computational model shows that weak enforcement of even a randomly selected formal structure in a top-down manner can usefully guide the bottom-up emergence of networks of intraorganizational interactions between agents. In the absence of formal structure, interaction...
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作者：Conti, Raffaele; Valentini, Giovanni
作者单位：Universidade Catolica Portuguesa; University of Navarra; IESE Business School
摘要：Incumbents can enjoy a cost advantage vis-a-vis new entrants and so deter new firm entry by establishing and leveraging connections with the judicial system. Connected firms may in fact avoid fully complying with the costly norms implied by a law, a regulation, or a contract. At the same time, they can also credibly threaten to sue new entrants. Therefore, a change in the institutional environment that diminishes the ability of incumbent firms to establish judicial connections-i.e., an increas...
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作者：Garg, Rajiv; Telang, Rahul
作者单位：University of Texas System; University of Texas Austin; Carnegie Mellon University
摘要：Prior research suggests that social connections, including acquaintances, friends, and family, are valuable in a job search process. In these studies, the size of an average job seeker's network was much smaller and limited by the available modes of communication and the costs associated with maintaining social connections. However, the recent growth of online social networks has enabled job seekers to stay connected with many connections, weak or strong. Thus, the number of online connections...
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作者：Kou, Steven; Peng, Xianhua; Zhong, Haowen
作者单位：National University of Singapore; National University of Singapore; Hong Kong University of Science & Technology; Columbia University
摘要：We propose a spatial capital asset pricing model and a spatial arbitrage pricing theory (S-APT) that extend the classical asset pricing models by incorporating spatial interaction. We then apply the S- APT to study the comovements of eurozone stock indices (by extending the Fama-French factor model to regional stock indices) and the futures contracts on S&P/Case-Shiller Home Price Indices; in both cases, spatial interaction is significant and plays an important role in explaining cross-section...
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作者：Regnier, Eva
作者单位：United States Department of Defense; United States Navy; Naval Postgraduate School
摘要：Many probability forecasts are revised as new information becomes available, generating a time series of forecasts for a single event. Although methods for evaluating probability forecasts have been extensively studied, they apply to a single forecast per event. This paper is the first to evaluate probability forecasts that are made-and therefore revised-at many lead times for a single event. I postulate a norm for multi-period probability-forecasting systems and derive properties that should ...
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作者：Gallant, A. Ronald; Hong, Han; Khwaja, Ahmed
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Stanford University; University of Cambridge
摘要：This paper examines whether experience from entry in one market can potentially enhance profitability at a future market opportunity for a related product. We formulate and estimate a dynamic game of entry in which forward-looking firms make decisions not just based on present benefits of past entry but also anticipating potential future benefits of current entry. Dynamic spillovers of entry are incorporated through a firm-specific unobservable (to the researcher) cost that depends on past ent...
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作者：Ajorlou, Amir; Jadbabaie, Ali; Kakhbod, Ali
作者单位：Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT)
摘要：We study the problem of optimal dynamic pricing for a monopolist selling a product to consumers in a social network. In the proposed model, the only means of spread of information about the product is via word-of-mouth communication; consumers' knowledge of the product is only through friends who already know about the product's existence. Both buyers and nonbuyers contribute to information diffusion, while buyers are more likely to spread the news about the product. By analyzing the structure...
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作者：Demange, Gabrielle
作者单位：Paris School of Economics
摘要：This paper proposes to measure the spillover effects that cross liabilities generate on the magnitude of default in a system of financially linked institutions. Based on a simple model and an explicit criterion-the aggregate debt repayments-the measure is defined for each institution, affected by its characteristics and links to others. These measures-one for each institution-summarize relevant information on the interaction between the liabilities structure and the shocks to resources, and th...
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作者：Schweitzer, Maurice E.; Ho, Teck-Hua; Zhang, Xing
作者单位：University of Pennsylvania; National University of Singapore; University of California System; University of California Berkeley
摘要：Monitoring changes the behavior of those who are monitored and those who monitor others. We studied behavior under different monitoring regimes in repeated trust games. We found that trustees behaved opportunistically when they anticipated monitoring-they were compliant when they knew in advance that they would be monitored, but exploited trustors when they knew in advance that they would not be monitored. Interestingly, trustors failed to anticipate how strategically their counterparts would ...
