-
作者：Montizaan, Raymond; de Grip, Andries; Corvers, Frank; Dohmen, Thomas
作者单位：Maastricht University; Tilburg University; University of Bonn
摘要：We document that the strength of negatively reciprocal inclinations affects workers' reaction to unfair treatment. We exploit unique matched survey and administrative data on male public sector employees in the Netherlands and compare the job motivation of employees born in 1950, who faced a substantial retrenchment of their pension rights resulting from a pension reform in 2006, to that of slightly older employees who remained entitled to more generous pension benefits. Job motivation is sign...
-
作者：Zhang, Juanjuan
作者单位：Massachusetts Institute of Technology (MIT)
摘要：Deadlines are common in product development and are often felt to be too harsh-many development efforts are still worth continuing at the time of mandated termination. We examine the value of deadlines from the agency-theoretic perspective. We consider a firm that pays an agent to lead product development activities. The chance of success depends on the viability of the project and the effort of the agent. As the project proceeds without success, doubts grow as to whether the project is viable...
-
作者：Guo, Ruixue; Lee, Hau L.; Swinney, Robert
作者单位：Stanford University; Stanford University; Duke University
摘要：We analyze the sourcing decision of a buyer choosing between two supplier types: responsible suppliers are costly but adhere to strict social and environmental responsibility standards, whereas risky suppliers are less expensive but may experience responsibility violations. A segment of the consumer population, called socially conscious, is willing to pay a higher price for a product sourced from a responsible supplier and may not purchase in the event of a responsibility violation from a risk...
-
作者：Armstrong, Christopher; Foster, George; Taylor, Daniel
作者单位：University of Pennsylvania; Stanford University
摘要：Newly public companies tend to exhibit abnormally high accruals in the year of their initial public offering (IPO). Although the prevailing view in the literature is that these accruals are caused by opportunistic misreporting, we show that these accruals do not appear to benefit managers and instead result from the normal economic activity of newly public companies. In particular, and in contrast to the notion that managers benefit from inflating accruals through an inflated issue price, infl...
-
作者：Huang, Xiao; Boyaci, Tamer; Gumus, Mehmet; Ray, Saibal; Zhang, Dan
作者单位：Concordia University - Canada; European School of Management & Technology; McGill University; University of Colorado System; University of Colorado Boulder
摘要：We study the alliance formation strategy among suppliers in a framework with one downstream firm and n upstream suppliers. Each supplier faces an exogenous random shock that may result in an order default. Each of them also has access to a recourse fund that can mitigate this risk. The suppliers can share the fund resources within an alliance, but they need to equitably allocate the profits of the alliance among the partners. In this context, suppliers need to decide whether to join larger all...
-
作者：Harhoff, Dietmar; von Graevenitz, Georg; Wagner, Stefan
作者单位：University of London; Queen Mary University London; European School of Management & Technology
摘要：Postgrant validity challenges at patent offices rely on the private initiative of third parties to correct mistakes made by patent offices. We hypothesize that incentives to bring postgrant validity challenges are reduced when many firms benefit from revocation of a patent and when firms are caught up in patent thickets. Using data on opposition to patents at the European Patent Office we show that opposition decreases in fields in which many others profit from patent revocations. Moreover, in...
-
作者：Ryzhov, Ilya O.; Han, Bin; Bradic, Jelena
作者单位：University System of Maryland; University of Maryland College Park; University System of Maryland; University of Maryland College Park; University of California System; University of California San Diego
摘要：Nonprofit organizations use direct-mail marketing to cultivate one-time donors and convert them into recurring contributors. Cultivated donors generate much more revenue than new donors, but also lapse with time, making it important to steadily draw in new cultivations. The direct-mail budget is limited, but better-designed mailings can improve success rates without increasing costs. We propose an empirical model to analyze the effectiveness of several design approaches used in practice, based...
-
作者：Cui, Shiliang; Veeraraghavan, Senthil
作者单位：Georgetown University; University of Pennsylvania
摘要：In many service settings, customers have to join the queue without being fully aware of the parameters of the service provider (e.g., customers at checkout counters may not know the true service rate before joining). In such blind queues,customers make their joining/balking decisions based on limited information about the service provider's operational parameters (from past service experiences, reviews, etc.) and queue lengths. We analyze a firm serving customers making decisions under arbitra...
-
作者：Almas, Ingvild; Cappelen, Alexander W.; Salvanes, Kjell G.; Sorensen, Erik O.; Tungodden, Bertil
作者单位：Stockholm University; Norwegian School of Economics (NHH)
摘要：This paper studies the role of family background in explaining differences in the willingness to compete in a cognitive task. By combining data from a lab experiment conducted with a fairly representative sample of adolescents in Norway and high-quality register data on family background, we show that family background is fundamental in two important ways. First, boys from low socioeconomic status families are less willing to compete than boys from better-off families, even when controlling fo...
-
作者：Bruno, Valentina; Cornaggia, Jess; Cornaggia, Kimberly J.
作者单位：American University; Georgetown University
摘要：We exploit an investor-paid rating agency's designation as a Nationally Recognized Statistical Rating Organization (NRSRO) to test whether this certification affects the agency's information production. We use a certified issuer-paid agency as a benchmark and find robust evidence that the investor-paid agency's ratings policy-both timelier and more symmetric with respect to positive and negative information-persists after it became certified for regulatory compliance. Our results suggest that ...
