Management Science

最新文章

• Money Talks: Rebate Mechanisms in Reputation System Design AI翻译
  作者：Li, Lingfang (Ivy); Xiao, Erte
  作者单位：Fudan University; Carnegie Mellon University
  摘要：Reputation systems that rely on voluntary feedback from traders are important in creating and sustaining trust in markets. Feedback nevertheless is a public good, and providing it is often costly. We combine theory with a laboratory experiment to study the effect of a seller precommitment mechanism: Sellers have an option to commit by providing a rebate to reduce the buyer's feedback reporting cost before making purchasing decisions. Our theory predicts that this mechanism induces noncooperati...
• Governance Institutions and Adaptation Costs: Evidence from the Fall of the Berlin Wall AI翻译
  作者：Frank, Douglas H.
  作者单位：Allegheny College; INSEAD Business School
  摘要：This paper investigates how institutions governing the employment relationship influence firms' adaptation to environmental changes. After the Berlin Wall fell, migration from East Germany accounted for an abrupt increase in the supply of a key resource-labor-in the West. I study responses to this disruption among firms in the economically important machinery and equipment industry. I find that western firms adapted to migration by increasing employment unless they were affiliated with a works...
• Mean Field Equilibria of Dynamic Auctions with Learning AI翻译
  作者：Iyer, Krishnamurthy; Johari, Ramesh; Sundararajan, Mukund
  作者单位：Cornell University; Stanford University; Alphabet Inc.; Google Incorporated
  摘要：We study learning in a dynamic setting where identical copies of a good are sold over time through a sequence of second-price auctions. Each agent in the market has an unknown independent private valuation that determines the distribution of the reward she obtains from the good; for example, in sponsored search settings, advertisers may initially be unsure of the value of a click. Though the induced dynamic game is complex, we simplify analysis of the market using an approximation methodology ...
• Emergent Life Cycle: The Tension Between Knowledge Change and Knowledge Retention in Open Online Coproduction Communities AI翻译
  作者：Kane, Gerald C.; Johnson, Jeremiah; Majchrzak, Ann
  作者单位：Boston College; University of Southern California
  摘要：Online coproduction communities often face a challenge of whether to change or retain the knowledge they have created. Disparate and often conflicting theoretical models have been used to explain how these communities respond to this tension. We conducted a case study of how one online coproduction community-the nine-year history of the Wikipedia article on autism-handles this tension. We find that the nature of the change-retain tension and the community's response to it fluctuates considerab...
• Targeted Advertising in Magazine Markets and the Advent of the Internet AI翻译
  作者：Chandra, Ambarish; Kaiser, Ulrich
  作者单位：State University of New York (SUNY) System; University at Albany, SUNY; University of Toronto; University of Zurich; Leibniz Association; Zentrum fur Europaische Wirtschaftsforschung (ZEW); University of Copenhagen; IZA Institute Labor Economics
  摘要：T his paper examines how the ability of traditional media firms to engage in targeted advertising has changed with the advent of the Internet. We find that the premium for reaching a homogeneous audience increases for magazines that have a companion website, as well as for those whose readers are more likely to be online. This indicates a complementarity between offline and online channels with respect to targeted advertising. We hypothesize that this result is driven by multihoming consumers ...
• Optimal Multiperiod Pricing with Service Guarantees AI翻译
  作者：Borgs, Christian; Candogan, Ozan; Chayes, Jennifer; Lobel, Ilan; Nazerzadeh, Hamid
  作者单位：Microsoft; Duke University; New York University; University of Southern California
  摘要：We study the multiperiod pricing problem of a service firm with capacity levels that vary over time. Customers are heterogeneous in their arrival and departure periods as well as valuations, and are fully strategic with respect to their purchasing decisions. The firm's problem is to set a sequence of prices that maximizes its revenue while guaranteeing service to all paying customers. We provide a dynamic programming based algorithm that computes the optimal sequence of prices for this problem...
• Gender Interactions Within the Family Firm AI翻译
  作者：Amore, Mario Daniele; Garofalo, Orsola; Minichilli, Alessandro
  作者单位：Bocconi University; Autonomous University of Barcelona
  摘要：We analyze whether gender interactions at the top of the corporate hierarchy affect corporate performance. Using a comprehensive data set of family-controlled firms in Italy, we find that female directors significantly improve the operating profitability of female-led companies. To mitigate endogeneity concerns, we assess executive transitions using a triple-difference approach complemented by propensity score matching and instrumental variables. Finally, we show that the positive effect of fe...
• Working Harder or Hardly Working? Posting Performance Eliminates Social Loafing and Promotes Social Laboring in Workgroups AI翻译
  作者：Lount, Robert B., Jr.; Wilk, Steffanie L.
  作者单位：University System of Ohio; Ohio State University
  摘要：The current paper examines how posting performance-an act that triggers increased social comparisons between workers-influences employees' motivation when working in groups. In the study, posting employee performance moderated the relationship between groupwork and employee motivation. When individual performance was publicly posted in the workplace, employees working in a group performed better than when working alone (i.e., social laboring); however, when individual performance was not poste...
• The Effect of Giving It All Up on Valuation: A New Look at the Endowment Effect AI翻译
  作者：Schurr, Amos; Ritov, Ilana
  作者单位：Ben-Gurion University of the Negev; Hebrew University of Jerusalem; Hebrew University of Jerusalem
  摘要：In three experiments we show that the endowment effect-the tendency to demand more money for relinquishing owned goods than one is willing to pay for the same goods-fails to emerge when sellers are not fully depleted of their endowment. This finding is incompatible with prospect theory's account of the effect as stemming primarily from aversion to loss relative to the individual's current state. We suggest a new account of the endowment effect as reflecting the human aversion to giving it all ...
• What Death Can Tell: Are Executives Paid for Their Contributions to Firm Value? AI翻译
  作者：Bang Dang Nguyen; Nielsen, Kasper Meisner
  作者单位：University of Cambridge; Hong Kong University of Science & Technology
  摘要：Using stock price reactions to sudden deaths of top executives as a measure of expected contribution to shareholder value, we examine the relationship between executive pay and managerial contribution to shareholder value. We find, first, that the managerial labor market is characterized by positive sorting: managers with high perceived contributions to shareholder value obtain higher pay. The executive pay-contribution relationship is stronger for professional executives and for executives wi...