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作者：Armantier, Olivier; Treich, Nicolas
作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York; INRAE; Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics
摘要：We report on two experiments challenging the common assumption that events with objective probabilities constitute a unique source of uncertainty. We find that, similar to the domain of ambiguity, the domain of risk is rich in the sense that behavior is systematically different when subjects face risky bets based on simple or more complex events. Furthermore, we find a tight association between attitudes toward complex risky bets and attitudes toward both ambiguity and compound lotteries. Thes...
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作者：Kulchina, Elena
作者单位：Duke University
摘要：Whereas early location work established the role of economic factors in entrepreneurs' location choices, recent studies suggest personal reasons as another factor. However, because the places where entrepreneurs want to live are often the places where they will likely do well, it is difficult to empirically separate the two mechanisms. We focus on entrepreneurs founding firms abroad, allowing us to more effectively isolate the effect of personal location attractiveness. We leverage entrepreneu...
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作者：Ramasubbu, Narayan; Kemerer, Chris F.
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
摘要：Enterprise software systems are required to be highly reliable because they are central to the business operations of most firms. However, configuring and maintaining these systems can be highly complex, making it challenging to achieve high reliability. Resource-constrained software teams facing business pressures can be tempted to take design shortcuts in order to deliver business functionality more quickly. These design shortcuts and other maintenance activities contribute to the accumulati...
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作者：Canales, Rodrigo; Greenberg, Jason
作者单位：Yale University; New York University
摘要：Social scientists have long considered what mechanisms underlie repeated exchange. Three mechanisms have garnered the majority of this attention: formal contracts, relational contracts, and relationally embedded social ties. Although each mechanism has its virtues, all three exhibit a common limitation: an inability to fully explain the continuation and stability of intertemporal exchange between individuals and organizations in the face of change. Drawing on extensive quantitative data on app...
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作者：Gui, Luyi; Atasu, Atalay; Ergun, Oezlem; Toktay, L. Beril
作者单位：University of California System; University of California Irvine; University System of Georgia; Georgia Institute of Technology; Northeastern University
摘要：Extended producer responsibility (EPR) is a policy tool that holds producers financially responsible for the post-use collection, recycling, and disposal of their products. Many EPR implementations are collective-a large collection and recycling network (CRN) handles multiple producers' products in order to benefit from scale and scope economies. The total cost is then allocated to producers based on metrics such as their return shares by weight. Such weight-based proportional allocation mecha...
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作者：Nocetti, Diego C.
作者单位：Clarkson University
摘要：The standard method for establishing the comparative statics of risk changes in optimization problems has been confined to comparing unique interior solutions, relying on strong assumptions about payoff functions and decision variables. We propose a simple and intuitive approach that hinges on considerably weaker assumptions. Merging insights from the monotone comparative statics literature with insights from the risk apportionment literature, we show that the ranking of simple lottery pairs i...
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作者：Ashlagi, Itai; Shi, Peng
作者单位：Massachusetts Institute of Technology (MIT)
摘要：We study the allocation of heterogeneous services to agents with incomplete information and without monetary transfers. Agents have private, multidimensional utilities over services, drawn from commonly known priors. The social planner's goal is to maximize a potentially complex public objective. For tractability, we take an engineering approach, in which we solve a large-market approximation, and convert the solution into a feasible finite-market mechanism that still yields good results. We a...
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作者：Fu, Fangjian; Huang, Sheng
作者单位：Singapore Management University
摘要：The long-run abnormal returns following both stock repurchases and seasoned equity offerings disappear for the events in 2003-2012. The disappearance is associated with the changing market environment: increased institutional investment, decreased trading costs, improved liquidity, and enhanced regulations on corporate governance and information disclosure. In response to the more efficient pricing of stocks, firms become less opportunistic in stock repurchases and offerings. Recent events of ...
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作者：Solyali, Oguz; Cordeau, Jean-Francois; Laporte, Gilbert
作者单位：Middle East Technical University; Universite de Montreal; Universite de Montreal; HEC Montreal
摘要：This study considers a basic inventory management problem with nonzero fixed order costs under interval demand uncertainty. The existing robust formulations obtained by applying well-known robust optimization methodologies become computationally intractable for large problem instances due to the presence of binary variables. This study resolves this intractability issue by proposing a new robust formulation that is shown to be solvable in polynomial time when the initial inventory is zero or n...
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作者：Zhou, Yangfang (Helen); Scheller-Wolf, Alan; Secomandi, Nicola; Smith, Stephen
作者单位：Singapore Management University; Carnegie Mellon University; Carnegie Mellon University
摘要：Electricity cannot yet be stored on a large scale, but technological advances leading to cheaper and more efficient industrial batteries make grid-level storage of electricity surpluses a natural choice. Because electricity prices can be negative, it is unclear how the presence of negative prices might affect the storage policy structure known to be optimal when prices are only nonnegative, or even how important it is to consider negative prices when managing an industrial battery. For fast st...
