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作者：Chao, Xiuli; Gong, Xiting; Shi, Cong; Yang, Chaolin; Zhang, Huanan; Zhou, Sean X.
作者单位：University of Michigan System; University of Michigan; Chinese University of Hong Kong; Chinese University of Hong Kong; Shanghai University of Finance & Economics; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：Managing perishable inventory systems with positive lead times and finite ordering capacities is important but notoriously difficult in both theory and computation. The optimal control policy is extremely complicated, and no effective heuristic policy has been proposed in the literature. In this paper, we develop an easy-to-compute approximation algorithm for this class of problems and prove that it admits a theoretical worst-case performance guarantee under independent and many commonly used ...
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作者：Minson, Julia A.; Mueller, Jennifer S.; Larrick, Richard P.
作者单位：Harvard University; University of San Diego; Duke University
摘要：We evaluate the effect of discussion on the accuracy of collaborative judgments. In contrast to prior research, we show that discussion can either aid or impede accuracy relative to the averaging of collaborators' independent judgments, as a systematic function of task type and interaction process. For estimation tasks with a wide range of potential estimates, discussion aided accuracy by helping participants prevent and eliminate egregious errors. For estimation tasks with a naturally bounded...
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作者：Otto, Clemens A.; Volpin, Paolo F.
作者单位：Hautes Etudes Commerciales (HEC) Paris; City St Georges, University of London
摘要：We examine how mark-to-market accounting affects the investment decisions of managers with reputation concerns. Reporting the current market value of a firm's assets can help mitigate agency problems because it provides outsiders (e.g., shareholders) with new information against which the management's decisions can be evaluated. However, the fact that the assets' market value is informative can also have a negative side effect: managers may shy away from investments that indicate conflicting p...
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作者：Chakraborty, Indraneel I.; Ewens, Michael
作者单位：University of Miami; California Institute of Technology
摘要：This paper examines whether agency conflicts during venture capital (VC) fundraising impact investment behavior. Using novel investment-level decisions of VCs in the process of raising new funds, we find that venture capitalists take actions hidden from their investors-i.e., limited partners (LPs)-that delay revealing negative information about VC fund performance until after a new fund is raised. After fundraising is complete, write-offs double and reinvestments in relatively worse-off entrep...
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作者：Liu, Nan; Finkelstein, Stacey R.; Kruk, Margaret E.; Rosenthal, David
作者单位：Columbia University; City University of New York (CUNY) System; Baruch College (CUNY); Harvard University; Harvard T.H. Chan School of Public Health; Columbia University
摘要：This paper examines patient preferences and choice behavior in scheduling medical appointments. We conduct four discrete choice experiments on two distinct populations and identify several operational attributes (e.g., delay to care and choice of doctor) that affect patient choice. We observe an interesting gender effect with respect to how patients trade off speed (delay to care) and quality (doctor of choice), and demonstrate that risk attitudes mediate the impact of gender on the perception...
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作者：Mueller-Trede, Johannes; Choshen-Hillel, Shoham; Barneron, Meir; Yaniv, Ilan
作者单位：University of California System; University of California San Diego; Hebrew University of Jerusalem; Hebrew University of Jerusalem; Hebrew University of Jerusalem
摘要：Decision makers can often improve the accuracy of their judgments on factual matters by consulting crowds of others for their respective opinions. In this article, we investigate whether decision makers could similarly draw on crowds to improve the accuracy of their judgments about their own tastes and hedonic experiences. We present a theoretical model that states that accuracy gains from consulting a crowd's judgments of taste depend on the interplay among taste discrimination, crowd diversi...
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作者：Kok, A. Gurhan; Shang, Kevin; Yucel, Safak
作者单位：Koc University; Duke University; Georgetown University
摘要：We investigate the impact of pricing policies (i.e., flat pricing versus peak pricing) on the investment levels of a utility firm in two competing energy sources (renewable and conventional), with a focus on the renewable investment level. We consider generation patterns and intermittency of solar and wind energy in relation to the electricity demand throughout a day. Industry experts generally promote peak pricing policy as it smoothens the demand and reduces inefficiencies in the supply syst...
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作者：Simchi-Levi, David
作者单位：Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT)
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作者：Duffie, Darrell
作者单位：Stanford University
摘要：This is a survey of progress with the postcrisis global (G20) reform of the financial system, in five key areas of new regulation: (1) making financial institutions more resilient; (2) ending too-big-to-fail; (3) making derivatives markets safer; (4) transforming shadow banking; and (5) improving trade competition and market transparency. The resiliency reforms, particularly bank capital regulations, have been increasingly successful in improving financial stability, but have been accompanied ...
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作者：Catalini, Christian
作者单位：Massachusetts Institute of Technology (MIT)
摘要：I provide novel empirical evidence grounded in an original theoretical framework to explain why colocation matters for the rate, direction, and quality of scientific collaboration. To address endogeneity concerns due to selection into colocation and matching, I exploit the constraints imposed on the spatial allocation of labs on the Jussieu campus of Paris by the removal of asbestos from its buildings. Consistent with search costs constituting a major friction to collaboration, colocation incr...
