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作者：Nocetti, Diego; Jouini, Elyes; Napp, Clotilde
作者单位：Clarkson University; Universite PSL; Universite Paris-Dauphine; Centre National de la Recherche Scientifique (CNRS); CNRS - Institute for Humanities & Social Sciences (INSHS); Universite PSL; Universite Paris-Dauphine
摘要：This paper derives the properties of the discount rate that should be applied to a public-sector project when the affected population has heterogeneous degrees of impatience. We show that, for any distribution of discount rates, the social discount rate has the following properties: it decreases over time, it is lower than the average of the discount rates in the population, and it converges to the discount rate of the most patient individual in the economy. These properties hold for both cons...
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作者：Grushka-Cockayne, Yael; De Reyck, Bert; Degraeve, Zeger
作者单位：University of London; London Business School; University of London; University College London
摘要：We develop a multistakeholder, multicriteria decision-making framework for Eurocontrol, the European air traffic management organization, for evaluating and selecting operational improvements to the air traffic management system. The selected set of improvements will form the master plan of the Single European Sky initiative for harmonizing air traffic, in an effort to cope with the forecasted increase in air traffic, while maintaining safety, protecting the environment, and improving predicta...
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作者：Bhargava, Hemant K.; Choudhary, Vidyanand
作者单位：University of California System; University of California Davis; University of California System; University of California Irvine
摘要：This paper provides insights about when versioning is an optimal strategy for information goods. Our characterization of this class of goods is that variable costs are invariant with quality, including the special case of zero variable costs. Our analysis assumes a monopoly firm that has an existing product in the market and has an opportunity to segment the market by introducing additional lower-quality versions. We derive a simple decision rule for determining the optimality of versioning ba...
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作者：Dellarocas, Chrysanthos; Wood, Charles A.
作者单位：University System of Maryland; University of Maryland College Park; University of Notre Dame
摘要：Most online feedback mechanisms rely on voluntary reporting of privately observed outcomes. This introduces the potential for reporting bias, a situation where traders exhibit different propensities to report different outcome types to the system. Unless properly accounted for, reporting bias may severely distort the distribution of public feedback relative to the underlying distribution of private transaction outcomes and, thus, hamper the reliability of feedback mechanisms. This study offers...
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作者：Chari, Murali D. R.; Devaraj, Sarv; David, Parthiban
作者单位：Indiana University System; Indiana University South Bend; University of Notre Dame; University of Oklahoma System; University of Oklahoma - Norman
摘要：As companies continue to make large investments in information technology ( IT), questions about how and in what contexts such investments pay off have gained importance. We develop a theoretical framework to explain how IT investments could pay off in the economically significant context of corporate diversification, and empirically find that the performance pay off to IT investments is greater for firms with greater levels of diversification. We also find that the performance payoff to IT in...
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作者：Venkataraman, Sriram; Stremersch, Stefan
作者单位：Emory University; Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; Duke University
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作者：Fang, Xiang; So, Kut C.; Wang, Yunzeng
作者单位：University of Wisconsin System; University of Wisconsin Milwaukee; University of California System; University of California Irvine; University of California System; University of California Riverside
摘要：We consider a contract manufacturer who procures multiple components from independent suppliers to produce an assemble-to-order customized product for a client. The unit price of the product depends on the manufacturer's delivery lead time. We explore how the manufacturer can use a vendor-managed consignment inventory (VMCI) scheme to manage the underlying risk and coordinate independent suppliers' decisions on the production quantities of their components under demand uncertainty. We formulat...
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作者：Engelbrecht-Wiggans, Richard; Katok, Elena
作者单位：University of Illinois System; University of Illinois Urbana-Champaign; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
摘要：We investigate the effect of regret-related feedback information on bidding behavior in sealed-bid first-price auctions. Two types of regret are possible in this auction format. A winner of the auction may regret paying too much relative to the second highest bid, and a loser may regret missing an opportunity to win at a favorable price. In theory, under very general conditions, being sensitive to winning and paying too much should result in lower average bids, and being sensitive to missing o...
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作者：Groysberg, Boris; Lee, Linda-Eling; Nanda, Ashish
作者单位：Harvard University; Harvard University
摘要：This paper examines the portability of star security analysts' performance. Star analysts who switched employers experienced an immediate decline in performance that persisted for at least five years. This decline was most pronounced among star analysts who moved to firms with lesser capabilities and those who moved solo, without other team members. Star analysts who moved between two firms with equivalent capabilities also exhibited a drop in performance, but only for two years. Those who swi...
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作者：Liu, Qian; van Ryzin, Garrett J.
作者单位：Hong Kong University of Science & Technology; Columbia University
摘要：Dynamic pricing offers the potential to increase revenues. At the same time, it creates an incentive for customers to strategize over the timing of their purchases. A firm should ideally account for this behavior when making its pricing and stocking decisions. In particular, we investigate whether it is optimal for a firm to create rationing risk by deliberately understocking products. Then, the resulting threat of shortages creates an incentive for customers to purchase early at higher prices...
