Management Science

最新文章

• Optimal project rejection and new firm start-ups AI翻译
  作者：Cassiman, B; Ueda, M
  作者单位：University of Navarra; IESE Business School; University of Wisconsin System; University of Wisconsin Madison
  摘要：We study the decision of an established firm to commercialize innovations. An innovation can be exploited by the established firm as an internal venture, pursued by a new firm start-up as an external venture, or not commercialized at all. The limited commercialization capacity of the established firm in the short run results in an option value of waiting. In this setup, start-up firms emerge when the established firm is generating many innovations or is selective because the option value of wa...
• On precautionary policies AI翻译
  作者：Barrieu, Pauline; Sinclair-Desgagne, Bernard
  作者单位：University of London; London School Economics & Political Science; Institut Polytechnique de Paris; Ecole Polytechnique; Universite de Montreal; HEC Montreal
  摘要：In the United States and most industrialized countries, regulatory policies pertaining to food safety, occupational health, and environmental protection are (according to laws and statutes) science based. The complexity of some ecosystems and new technologies, however, makes it increasingly necessary to deal with situations where scientists cannot yet provide a definite picture. In this context, a widely invoked (but debated) rule, known as the Precautionary Principle, says to address potentia...
• In search of complementarity in innovation strategy: Internal R&D and external knowledge acquisition AI翻译
  作者：Cassiman, B; Veugelers, R
  作者单位：University of Navarra; IESE Business School; KU Leuven; Centre for Economic Policy Research - UK
  摘要：Empirical research on complementarity between organizational design decisions has traditionally focused on the question of existence of complementarity. In this paper, we take a broader approach to the issue, combining a productivity and an adoption approach, while including a search for contextual variables in the firm's strategy that affects complementarity. Analysis of contextual variables is not only interesting per se, but also improves the productivity test for the existence of complemen...
• Network software security and user incentives AI翻译
  作者：August, Terrence; Tunca, Tunay I.
  作者单位：Stanford University
  摘要：We study the effect of user incentives on software security in a network of individual users under costly patching and negative network security externalities. For proprietary software or freeware, we compare four alternative policies to manage network security: (i) consumer self-patching (where no external incentives are provided for patching or purchasing); (ii) mandatory patching; (iii) patching rebate; and (iv) usage tax. We show that for proprietary software, when the software security ri...
• Sequential observation and selection with rank-dependent payoffs: An experimental study AI翻译
  作者：Bearden, J. Neil; Rapoport, Amnon; Murphy, Ryan O.
  作者单位：University of Arizona; University of Arizona; Hong Kong University of Science & Technology; Columbia University
  摘要：We consider a class of sequential observation and selection decision problems in which applicants are interviewed one at a time, decision makers only learn the applicant's quality relative to the applicants that have been interviewed and rejected, only a single applicant is selected, and payoffs increase in the absolute quality of the selected applicant. Compared to the optimal decision policy, which we compute numerically, results from two experiments show that subjects terminated their searc...
• Violations of cumulative prospect theory in mixed gambles with moderate probabilities AI翻译
  作者：Baltussen, Guido; Post, Thierry; van Vliet, Pim
  作者单位：Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC; Tinbergen Institute
  摘要：In a classroom choice experiment with mixed gambles and moderate probabilities, we find severe violations of cumulative prospect theory (CPT) and of Markowitz stochastic dominance. Our results shed new light on the exchange between Levy and Levy (2002) and Wakker (2003) in this journal.
• Coordination in fast-response organizations AI翻译
  作者：Faraj, Samer; Xiao, Yan
  作者单位：University System of Maryland; University of Maryland College Park; University System of Maryland; University of Maryland Baltimore
  摘要：Organizational coordination has traditionally been viewed from an organizational-design perspective where rules, modalities, and structures are used to meet the information-processing demands of the environment. Fast-response organizations face unique coordination challenges as they operate under conditions of high uncertainty and fast decision making, where mistakes can be catastrophic. Based on an in-depth investigation of the coordination practices of a medical trauma center where fast-resp...
• Personal taxes, endogenous default, and corporate bond yield spreads AI翻译
  作者：Liu, Sheen X.; Qi, Howard; Wu, Chunchi
  作者单位：University System of Ohio; Youngstown State University; Michigan Technological University; Singapore Management University; Syracuse University
  摘要：Term structure models have often been criticized for failing to explain satisfactorily the yield spread between corporate and Treasury bonds. A potential problem is that the personal tax effect is ignored in these models. In this paper, we employ a structural model to investigate the role of personal taxes on both debt and equity returns in capital structure decisions and assess their impact on corporate bond yield spreads. It is shown that personal taxes affect the firm's optimal capital stru...
• Organizational learning curves for customer dissatisfaction: Heterogeneity across airlines AI翻译
  作者：Lapré, MA; Tsikriktsis, N
  作者单位：Vanderbilt University; University of London; London Business School
  摘要：In the extensive literature on learning curves, scholars have ignored outcome measures of organizational performance evaluated by customers. We explore whether customer dissatisfaction follows a learning-curve pattern. Do organizations learn to reduce customer dissatisfaction? Customer dissatisfaction occurs when customers' ex ante expectations about a product or service exceed ex post perceptions about the product or service. Because customers can increase expectations over time, customer dis...
• The optimizer's curse: Skepticism and postdecision surprise in decision analysis AI翻译
  作者：Smith, JE; Winkler, RL
  作者单位：Duke University
  摘要：Decision analysis produces measures of value such as expected net present values or expected utilities and ranks alternatives by these value estimates. Other optimization-based processes operate in a similar manner. With uncertainty and limited resources, an analysis is never perfect, so these value estimates are subject to error. We show that if we take these value estimates at face value and select accordingly, we should expect the value of the chosen alternative to be less than its estimate...