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作者：Kirchler, Michael; Huber, Juergen; Stefan, Matthias; Sutter, Matthias
作者单位：University of Innsbruck; University of Gothenburg; University of Cologne; University of Innsbruck
摘要：In an experiment with 739 subjects, we study whether and how different interventions might have an influence on the degree of moral behavior when subjects make decisions that can generate negative externalities on uninvolved parties. Particularly, subjects can either take money for themselves or donate it to UNICEF for measles vaccines. By considering two fairly different institutional regimes-one with individual decision making, one with a double-auction market-we expose the different interve...
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作者：Kouvelis, Panos; Zhao, Wenhui
作者单位：Washington University (WUSTL); Shanghai Jiao Tong University
摘要：We study contract design and coordination of a supply chain with one supplier and one retailer, both of which are capital constrained and in need of short-term financing for their operations. Competitively priced bank loans are available, and the failure of loan repayment leads to bankruptcy, where default costs may include variable (proportional to the firm's sales) and fixed costs. Without default costs, it is known that simple contracts (e.g., revenue-sharing, buyback, and quantity discount...
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作者：Hu, Yu (Jeffrey); Shin, Jiwoong; Tang, Zhulei
作者单位：University System of Georgia; Georgia Institute of Technology; Yale University
摘要：The multibillion-dollar online advertising industry continues to debate whether to use the cost per click (CPC) or cost per action (CPA) pricing model as an industry standard. This paper applies the economic framework of incentive contracts to study how these pricing models can lead to risk sharing between the publisher and the advertiser and incentivize them to make efforts that improve the performance of online ads. We find that, compared with the CPC model, the CPA model can better incentiv...
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作者：Raveendran, Marlo; Puranam, Phanish; Warglien, Massimo
作者单位：University of California System; University of California Riverside; INSEAD Business School; Universita Ca Foscari Venezia
摘要：When we engage in the process of division of labor, there are typically multiple alternatives, but insufficient knowledge to choose among them. Under such conditions, we propose that not all alternatives are equally likely to be pursued. In particular, when we engage in the process of division of labor for novel and nonrepetitive production, we argue that we display a tendency to perceive and select object-based task partitions over activity-based partitions. We experimentally investigate how ...
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作者：Dukes, Anthony; Liu, Lin
作者单位：University of Southern California; State University System of Florida; University of Central Florida
摘要：An online shopping intermediary is an Internet platform on which consumers and third-party sellers transact. Shopping intermediaries provide a search environment (e.g., search aids) to lower the search costs incurred by consumers when finding and evaluating sellers' products. We study strategic incentives of an intermediary in the design of its search environment as a means to ease search costs. An important aspect of our analysis is that consumers optimally decide how many sellers to evaluate...
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作者：Akkus, Oktay; Cookson, J. Anthony; Hortacsu, Ali
作者单位：University of Colorado System; University of Colorado Boulder; University of Chicago
摘要：We provide new estimates of merger value creation by exploiting revealed preferences of merging banks within a matching market framework. We find that merger value arises from cost efficiencies in overlapping markets, relaxing of regulation, and network effects exhibited by the acquirer-target matching. Beyond our findings, the revealed preference method has notable advantages that warrant its application beyond the bank merger market. Notably, we show that the method outperforms reduced form ...
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作者：Lodi, Andrea; Malaguti, Enrico; Stier-Moses, Nicolas E.; Bonino, Tommaso
作者单位：University of Bologna; Columbia University; Universidad Torcuato Di Tella; Consejo Nacional de Investigaciones Cientificas y Tecnicas (CONICET)
摘要：Until the end of the 20th century it was common that cities organized, financed, and managed their own public transportation systems. More recently (in Italy mainly during the last decade), many countries liberalized the service provision of public transportation. Although offering local public transportation is a political and financial duty of governments, the service provision is outsourced to a private operator, while the government retains a control position, given to a regulatory agency....
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作者：Agarwal, Vikas; Lu, Yan; Ray, Sugata
作者单位：University System of Georgia; Georgia State University; University of Cologne; State University System of Florida; University of Central Florida; State University System of Florida; University of Florida
摘要：We examine the simultaneous management of hedge funds and funds of hedge funds. Hedge fund firms can choose to simultaneously offer a fund of hedge funds. Similarly, fund of hedge funds firms can simultaneously offer a hedge fund. We find that although superior past performance and larger size drive the decision to become simultaneous for hedge fund firms, past flows drive the decision for fund of hedge funds firms. The effects of simultaneity are also different. When hedge fund firms start fu...
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作者：Yu, Man; Debo, Laurens; Kapuscinski, Roman
作者单位：Hong Kong University of Science & Technology; University of Chicago; University of Michigan System; University of Michigan
摘要：In this paper, we study the impact of consumer-generated quality information (e.g., consumer reviews) on a firm's dynamic pricing strategy in the presence of strategic consumers. Such information is useful, not only to the consumers that have not yet purchased the product but also to the firm. The informativeness of the consumer-generated quality information depends, however, on the volume of consumers who share their opinions and, thus, depends on the initial sales volume. Hence, via its init...
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作者：Filippin, Antonio; Crosetto, Paolo
作者单位：University of Milan; IZA Institute Labor Economics; Communaute Universite Grenoble Alpes; Universite Grenoble Alpes (UGA); INRAE; Communaute Universite Grenoble Alpes; Universite Grenoble Alpes (UGA)
摘要：This paper reconsiders the wide agreement that females are more risk averse than males. We survey the existing experimental literature, finding that significance and magnitude of gender differences are task specific. We gather data from 54 replications of the Holt and Laury risk elicitation method, involving about 7,000 subjects. Gender differences appear in less than 10% of the studies and are significant but negligible in magnitude once all the data are pooled. Results are confirmed by struc...
