-
作者：Mostafa, Romel; Klepper, Steven
作者单位：Western University (University of Western Ontario); Carnegie Mellon University
摘要：We explore how the establishment of an industry pioneer through foreign seeding of industry knowledge can subsequently catalyze the growth of a developing country's industry by involuntarily propagating the knowledge to subsequent entrants. As industry knowledge has tacit elements, we focus on mechanisms that enable experienced workers from the pioneer to seed the knowledge to new entrants. We examine the relationship between entrants' characteristics and the mechanisms exploited to access the...
-
作者：Chen, Hui; Jorgensen, Bjorn N.
作者单位：University of Zurich; University of London; London School Economics & Political Science
摘要：We analyze the effect of accounting bias on the competition and market structure of an industry. In our model, firms' interim accounting reports on investment projects may contain bias introduced by the mandatory accounting system. We find that this bias strictly decreases firms' profits when investors do not have an abandonment option, but different results emerge when we allow the investors to divest in the interim. Specifically, a conservative accounting regime may increase the likelihood o...
-
作者：Fazli, Amir; Shulman, Jeffrey D.
作者单位：University of Washington; University of Washington Seattle
摘要：In recent years, several firms have decided to withdraw from profitable markets, believing the move will be beneficial for their overall business. For instance, CVS dropped tobacco products from its shelves in 2014, while Aldi dropped confectionery from its checkout lines in 2016. Findings from consumers' evaluation of such moves suggest there exists a negative market spillover from selling in a market, such that a firm's participation in one market reduces consumers' willingness to pay for th...
-
作者：Green, Brett; Zwiebel, Jeffrey
作者单位：University of California System; University of California Berkeley; Stanford University
摘要：We test for a hot hand (i.e., short-term predictability in performance) in Major League Baseball using panel data. We find strong evidence for its existence in all 10 statistical categories we consider. The magnitudes are significant; being hot corresponds to between one-half and one standard deviation in the distribution of player abilities. Our results are in notable contrast to the majority of the hot-hand literature, which has generally found either no hot hand or a very weak hot hand in s...
-
作者：Iverson, Benjamin
作者单位：Brigham Young University; Northwestern University
摘要：Bankruptcy costs depend not only on the laws that govern financial distress but also on the ability of the court to rehabilitate distressed firms. This paper tests whether Chapter 11 restructuring outcomes are affected by time constraints in busy bankruptcy courts. Using the passage of the Bankruptcy Abuse Prevention and Consumer Protection Act as an exogenous shock to caseloads, I find that commercial banks report lower charge-offs on business lending when court caseloads decline, suggesting ...
-
作者：Sismeiro, Catarina; Mahmood, Ammara
作者单位：Imperial College London; Wilfrid Laurier University
摘要：Using hourly traffic and readership data from a major news website, and taking advantage of a global Facebook outage, we study the relationship between social networks and online news consumption. More specifically, we test if online social networks compete with content providers or instead play a complementary role by promoting and attracting traffic to external websites. During the outage, consistent with a promotional effect, we observe a significant decrease in traffic and unique visitors ...
-
作者：Sun, Zhankun; Argon, Nilay Tanik; Ziya, Serhan
作者单位：City University of Hong Kong; University of North Carolina; University of North Carolina Chapel Hill
摘要：In war zones and economically deprived regions, because of extreme resource restrictions, a single provider may be the sole person in charge of providing emergency care to a group of patients. An important question the provider faces under such circumstances is whether or not to perform triage and how to prioritize the patients. By choosing to triage a particular patient, the provider can determine the health condition and thus the urgency of the patient, but that will come at the expense of d...
-
作者：Gao, Fei; Su, Xuanming
作者单位：Indiana University System; Indiana University Bloomington; IU Kelley School of Business; University of Pennsylvania
摘要：Many restaurants have recently implemented self-order technologies across both online and offline channels. Online technology, through websites and mobile apps, allows customers to order and pay before coming to the store; offline technology, such as self-service kiosks, allows store customers to place orders without interacting with a human employee. In this paper, we develop a stylized theoretical model to study the impact of self-order technologies on customer demand, employment levels, and...
-
作者：Yu, Qiuping; Allon, Gad; Bassamboo, Achal; Iravani, Seyed
作者单位：Indiana University System; Indiana University Bloomington; IU Kelley School of Business; University of Pennsylvania; Northwestern University; Northwestern University
摘要：We study how to use delay announcements to manage customer expectations while allowing a firm to prioritize among customers with different sensitivities to time and value. We examine this problem by developing a framework that characterizes the strategic interaction between the firm and heterogeneous customers. When the firm has information about the state of the system, yet lacks information on customer types, delay announcements play a dual role: they inform customers about the state of the ...
-
作者：Natarajan, Karthik; Sim, Melvyn; Uichanco, Joline
作者单位：Singapore University of Technology & Design; National University of Singapore; University of Michigan System; University of Michigan
摘要：A basic assumption of the classical newsvendor model is that the probability distribution of the random demand is known. But in most realistic settings, only partial distribution information is available or reliably estimated. The distributionally robust newsvendor model is often used in this case where the worst-case expected profit is maximized over the set of distributions satisfying the known information, which is usually the mean and covariance of demands. However, covariance does not cap...
