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作者：Bhaskaran, Sreekumar; Ramachandran, Karthik; Semple, John
作者单位：Southern Methodist University
摘要：We consider a dynamic inventory (production) model with general convex order (production) costs and excess demand that can be accepted or refused by the firm. Excess demand that is accepted is backlogged and results in a backlog cost whereas demand that is refused results in a lost sales charge. Endogenizing the sales decision is appropriate in the presence of general convex order costs so that the firm is not forced to backlog a unit whose subsequent satisfaction would reduce total profits. I...
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作者：Biais, Bruno; Bisiere, Christophe; Spatt, Chester
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; Universite Federale Toulouse Midi-Pyrenees (ComUE); Universite Federale Toulouse Midi-Pyrenees (ComUE); Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; Carnegie Mellon University
摘要：The competition between Island and Nasdaq at the beginning of the century offers a natural laboratory to study competition between and within trading platforms and its consequences for liquidity supply. Our empirical strategy takes advantage of the difference between the pricing grids used on Island and Nasdaq, as well as of the decline in the Nasdaq tick. Using the finer grid prevailing on their market, Island limit order traders undercut Nasdaq quotes, much more than they undercut one anothe...
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作者：Louis, Henock; Sun, Amy
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：Prior studies suggest that investors have limited attention. Tests of the inattention hypothesis have been performed in the context of relatively small corporate events, particularly earnings announcements. Presumably, large corporate events would always attract sufficient investor attention. However, we find evidence indicating that inattention affects investors' information processing even in the context of one of the largest and most important corporate events-merger announcements. More spe...
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作者：Roels, Guillaume; Karmarkar, Uday S.; Carr, Scott
作者单位：University of California System; University of California Los Angeles
摘要：In this paper, we analyze the contracting issues that arise in collaborative services, such as consulting,financial planning, and information technology outsourcing. In particular, we investigate how the choice of contract type-among fixed-fee, time-and-materials, and performance-based contracts-is driven by the service environment characteristics. We find that fixed-fee contracts contingent on performance are preferred when the service output is more sensitive to the vendor's effort, that tim...
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作者：Ma, Tieju
作者单位：East China University of Science & Technology
摘要：To date, optimization models of endogenous technological change commonly deal with uncertainty in technological learning with risk-factor methods, i.e., by adding expected risk costs resulting from overestimating technological learning rates into an objective function with a subjective risk factor. This paper argues that another way of coping with the uncertainty, risk-constrained methods that have been ignored in existing literatures, could be more practicable (at least as a supplement) for d...
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作者：Schultz, Kenneth L.; Schoenherr, Tobias; Nembhard, David
作者单位：University of Alberta; Michigan State University; Michigan State University's Broad College of Business; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：Models and understanding of line design depend on accurate assessments of the effects of design parameters on human actions. Although equity theory predicts that workers will react to the speed of people around them, experimental work has failed to find this effect in an industrial setting with parallel workstations or a change in coworkers. With the current research we contribute to the understanding of line design by using archival data from a manufacturing line. We show that workers do reac...
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作者：Yang, Jian; Zhou, Yinggang; Wang, Zijun
作者单位：University of Colorado System; University of Colorado Denver; Chinese University of Hong Kong; Texas A&M University System; Texas A&M University College Station
摘要：In the context of a three-moment intertemporal capital asset pricing model specification, we characterize conditional coskewness between stock and bond excess returns using a bivariate regime-switching model. We find that both conditional U. S. stock coskewness (the relation between stock return and bond volatility) and bond coskewness (the relation between bond return and stock volatility) command statistically and economically significant negative ex ante risk premiums. The impacts of stock ...
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作者：Nanda, Ramana; Sorensen, Jesper B.
作者单位：Harvard University; Stanford University
摘要：We examine whether the likelihood of entrepreneurial activity is related to the prior career experiences of an individual's coworkers, using a unique matched employer-employee panel data set. We argue that coworkers can increase the likelihood that an individual will perceive entrepreneurial opportunities as well as increase his or her motivation to pursue those opportunities. We find that an individual is more likely to become an entrepreneur if his or her coworkers have been entrepreneurs be...
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作者：Fuchs, Erica; Kirchain, Randolph
作者单位：Carnegie Mellon University; Massachusetts Institute of Technology (MIT)
摘要：This paper presents a case study of the impact of manufacturing offshore on technology competitiveness in the optoelectronics industry. It examines a critical design/facility location decision being faced by optoelectronic component manufacturers. This paper uses a combination of simulation modeling and empirical data to demonstrate the economic constraints facing these firms. The results show that production location changes the relative production economics of the two competing designs-one e...
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作者：Healy, Paul J.; Linardi, Sera; Lowery, J. Richard; Ledyard, John O.
作者单位：University System of Ohio; Ohio State University; California Institute of Technology; University of Texas System; University of Texas Austin
摘要：Double auction prediction markets have proven successful in large-scale applications such as elections and sporting events. Consequently, several large corporations have adopted these markets for smaller-scale internal applications where information may be complex and the number of traders is small. Using laboratory experiments, we test the performance of the double auction in complex environments with few traders and compare it to three alternative mechanisms. When information is complex we f...
