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作者：Katok, Elena; Wu, Diana Yan
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; University of Kansas
摘要：The coordination of supply chains by means of contracting mechanisms has been extensively explored theoretically but not tested empirically. We investigate the performance of three commonly studied supply chain contracting mechanisms: the wholesale price contract, the buyback contract, and the revenue-sharing contract. The simplified setting we consider utilizes a two-echelon supply chain in which the retailer faces the newsvendor problem, the supplier has no capacity constraints, and delivery...
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作者：Smith, Gary; Levere, Michael; Kurtzman, Robert
作者单位：Claremont Colleges; Pomona College
摘要：We find that experienced poker players typically change their style of play after winning or losing a big pot-most notably, playing less cautiously after a big loss, evidently hoping for lucky cards that will erase their loss. This finding is consistent with Kahneman and Tversky's (Kahneman, D., A. Tversky. 1979. Prospect theory: An analysis of decision under risk. Econometrica 47(2) 263-292) break-even hypothesis and suggests that when investors incur a large loss, it might be time to take a ...
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作者：Lightle, John P.; Kagel, John H.; Arkes, Hal R.
作者单位：State University System of Florida; Florida State University; University System of Ohio; Ohio State University; University System of Ohio; Ohio State University
摘要：Group decision making provides a mechanism for channeling individual members' knowledge into productive organizational outcomes. However, in hidden pro. le experiments in which group members have common information favoring an inferior choice, with private information favoring a superior choice, groups typically choose an inferior alternative. We report a hidden profile experiment where we induce homogenous preferences over choice characteristics and provide financial incentives so that the co...
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作者：Muthukrishnan, A. V.; Wathieu, Luc; Xu, Alison Jing
作者单位：Hong Kong University of Science & Technology; European School of Management & Technology; University of Illinois System; University of Illinois Urbana-Champaign
摘要：We propose that ambiguity aversion, as introduced in the literature on decision making under uncertainty, drives a preference for established brands in multiattribute choices among branded alternatives. Established brands are those for which belief in quality is held with greater confidence, even if specific attributes might be inferior to those of competing, less-established brands. In five experiments, we examine the role of ambiguity aversion in the preference for dominated, established bra...
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作者：Banal-Estanol, Albert; Ruperez Micola, Augusto
作者单位：City St Georges, University of London; Pompeu Fabra University
摘要：We use simulations to study how the diversification of electricity generation portfolios influences wholesale prices. We find that the relationship between technological diversification and market prices is mediated by the supply-to-demand ratio. In each demand case there is a threshold where pivotal dynamics change. Pivotal dynamics pre- and post-threshold are the cause of nonlinearities in the influence of diversification on market prices. The findings are robust to changes in the main marke...
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作者：Chu, Leon Yang
作者单位：University of Southern California
摘要：We address the mechanism design problem for a market with multiple buyers and sellers. Each buyer demands some bundle(s) of various commodities, and each seller supplies multiple units of one commodity. To design truthful double-auction mechanisms, we propose a novel padding method that intentionally creates imbalances between the supply availability and demand requirement by introducing a phantom buyer with unlimited budget. To the best of our knowledge, this padding method leads to a class o...
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作者：Natarajan, Karthik; Song, Miao; Teo, Chung-Piaw
作者单位：National University of Singapore; Massachusetts Institute of Technology (MIT); Nanyang Technological University; Singapore-MIT Alliance for Research & Technology Centre (SMART); Massachusetts Institute of Technology (MIT); National University of Singapore
摘要：Given a discrete maximization problem with a linear objective function where the coefficients are chosen randomly from a distribution, we would like to evaluate the expected optimal value and the marginal distribution of the optimal solution. We call this the persistency problem for a discrete optimization problem under uncertain objective, and the marginal probability mass function of the optimal solution is named the persistence value. In general, this is a difficult problem to solve, even i...
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作者：Ryall, Michael D.
作者单位：University of Melbourne
摘要：This paper presents the. first formal examination of role of causal ambiguity as a barrier to imitation. Here, the aspiring imitator faces a knowledge (i.e., capabilities-based) barrier to imitation that is both causal and ambiguous in a precise sense of both words. Imitation conforms to a well-explicated process of learning by observing. I provide a precise distinction between the intrinsic causal ambiguity associated with a particular strategy and the subjective ambiguity perceived by a chal...
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作者：Asparouhova, Elena; Hertzel, Michael; Lemmon, Michael
作者单位：Utah System of Higher Education; University of Utah; Arizona State University; Arizona State University-Tempe
摘要：Using data generated from laboratory experiments, we test and compare the empirical accuracy of two models that focus on judgment errors associated with processing information from random sequences. We test for regime-shifting beliefs of the type theorized in Barberis et al. (Barberis, N., A. Shleifer, R. Vishny. 1998. A model of investor sentiment. J. Financial Econom. 49(3) 307-343) and for beliefs in the law of small numbers as modeled in Rabin (Rabin, M. 2002. Inference by believers in the...
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作者：Wang, Xinfang (Jocelyn); Camm, Jeffrey D.; Curry, David J.
作者单位：University System of Georgia; Georgia Southern University; University System of Ohio; University of Cincinnati; University System of Ohio; University of Cincinnati
摘要：We develop a branch-and-price algorithm for constructing an optimal product line using partworth estimates from choice-based conjoint analysis. The algorithm determines the specific attribute levels for each multiattribute product in a set of products to maximize the resulting product line's share of choice, i.e., the number of respondents for whom at least one new product's utility exceeds the respondent's reservation utility. Computational results using large commercial and simulated data se...
