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作者：Fischetti, Matteo; Ljubic, Ivana; Sinnl, Markus
作者单位：University of Padua; ESSEC Business School; University of Vienna
摘要：The uncapacitated facility location (UFL) problem is one of the most famous and most studied problems in the operations research literature. Given a set of potential facility locations and a set of customers, the goal is to find a subset of facility locations to open and to allocate each customer to open facilities so that the facility opening plus customer allocation costs are minimized. In our setting, for each customer the allocation cost is assumed to be a linear or separable convex quadra...
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作者：Belavina, Elena; Girotra, Karan; Kabra, Ashish
作者单位：University of Chicago; INSEAD Business School
摘要：This paper compares the financial and environmental performance of two revenue models for the online retailing of groceries: the per-order model, where customers pay for each delivery, and the subscription model, where customers pay a set fee and receive free deliveries. We build a stylized model that incorporates (i) customers with ongoing uncertain grocery needs and who choose between shopping offline or online and (ii) an online retailer that makes deliveries through a proprietary distribut...
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作者：Eijgenraam, Carel; Brekelmans, Ruud; den Hertog, Dick; Roos, Kees
作者单位：CPB Netherlands Bureau for Economic Policy; Tilburg University; Delft University of Technology
摘要：Flood prevention policy is of major importance to the Netherlands since a large part of the country is below sea level and high water levels in rivers may also cause floods. In this paper we propose a dike height optimization model to determine economically efficient flood protection standards. We improve the model proposed by David van Dantzig [van Dantzig D (1956) Economic decision problems for flood prevention. Econometrica 24(3):276-287] after a devastating flood in the Netherlands in 1953...
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作者：Allcott, Hunt; Sweeney, Richard L.
作者单位：New York University; Boston College
摘要：With a large nationwide retailer, we run a natural field experiment to measure the effects of energy use information disclosure, customer rebates, and sales agent incentives on demand for energy-efficient durable goods. Although a combination of large rebates plus sales incentives substantially increases market share, information and sales incentives alone each have zero statistical effect and explain at most a small fraction of the low baseline market share. Sales agents strategically comply ...
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作者：Kim, Jun B.; Albuquerque, Paulo; Bronnenberg, Bart J.
作者单位：Hong Kong University of Science & Technology; INSEAD Business School; Tilburg University; Centre for Economic Policy Research - UK
摘要：We develop a probit choice model under optimal sequential search and apply it to the study of aggregate demand of consumer durable goods. In our joint model of search and choice, we derive an expression for the probability of choice that obeys the full set of restrictions imposed by optimal sequential search. Estimation of our partially analytic model avoids the computation of high-dimensional integrations in the evaluation of choice probabilities, which is of particular benefit when search se...
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作者：Zhou, Yiyi
作者单位：State University of New York (SUNY) System; Stony Brook University; State University of New York (SUNY) System; Stony Brook University
摘要：This paper develops and estimates a structural model of two-sided markets with durable platform intermediaries and affiliated products. It models buyers' purchase decisions of platforms and affiliated products and sellers' decisions of price setting and entry, accounting for the dynamic interaction between the two distinct groups of platform participants. To estimate the proposed model, this paper develops a Bayesian Markov chain Monte Carlo estimation approach that incorporates nonparametric ...
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作者：Jagabathula, Srikanth; Rusmevichientongb, Paat
作者单位：New York University; University of Southern California
摘要：The selection of products and prices offered by a firm significantly impacts its profits. Existing approaches do not provide flexible models that capture the joint effect of assortment and price. We propose a nonparametric framework in which each customer is represented by a particular price threshold and a particular preference list over the alternatives. The customers follow a two-stage choice process; they consider the set of products with prices less than the threshold and choose the most ...
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作者：Heyes, Anthony; Martin, Steve
作者单位：University of Ottawa
摘要：In many settings firms rely on nongovernmental organizations (NGOs) to certify prosocial attributes embodied in their products. We provide a model of competition between NGOs in the provision of labeling services. Competition between a fixed number ofNGOs features a race to the top in labeling standards, but entry ofNGOs offering new labels pushes standards down. In a wide range of settings NGO entry and competition results in too many labels being adopted, with each label being too stringent....
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作者：Bernstein, Shai; Lerner, Josh; Sorensen, Morten; Stromberg, Per
作者单位：Stanford University; Harvard University; National Bureau of Economic Research; Copenhagen Business School; Columbia University; Stockholm School of Economics; Centre for Economic Policy Research - UK
摘要：The growth of the private equity industry has spurred concerns about its impact on the economy. This analysis looks across nations and industries to assess the impact of private equity on industry performance. We find that industries where private equity funds invest grow more quickly in terms of total production and employment and appear less exposed to aggregate shocks. Our robustness tests provide some evidence that is consistent with our effects being driven by our preferred channel.
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作者：Nanda, Ramana; Rhodes-Kropf, Matthew
作者单位：Harvard University
摘要：We provide a model of investment in new ventures that demonstrates why some places, times, and industries should be associated with a greater degree of experimentation by investors. Investors respond to financing risk, a forecast of limited future funding, by modifying their focus to finance less innovative firms. In equilibrium, financing risk disproportionately impacts innovative ventures with the greatest real option value by creating a trade-off between protecting the firm from financing r...
