Management Science

最新文章

• Technology Adoption and Leapfrogging: Racing for Mobile Payments AI翻译
  作者：Han, Pengfei; Wang, Zhu
  作者单位：Peking University; Federal Reserve System - USA; Federal Reserve Bank - Richmond
  摘要：Mobile payments are reshaping the global payment landscape with some developing economies leapfrogging advanced economies in adoption. We build and estimate a dynamic model of sequential payment innovations-progressing from cash to card to mobile-to explain this pattern. The model matches cross-country payment technology adoption patterns and shows how advanced economies' early success in adopting card payments dampens subsequent mobile payment adoption. Extending the framework to a two-sided ...
• Choosing Scenarios to Estimate Resilience and Stress Test Financial Institutions AI翻译
  作者：Arora, Rohit; Gao, Rui; Tompaidis, Stathis
  作者单位：University of Texas System; University of Texas Austin
  摘要：We provide a systematic, data-driven methodology for choosing test scenarios among a set of potential scenarios. The test scenarios can be used to accurately estimate measures of tail risk of financial institutions, such as conditional value at risk (CVaR), and can also simultaneously be used for stress testing, that is, to identify conditions for large losses. We validate the methodology on historical data used in stress tests by the Commodity Futures Trading Commission and the Federal Reserv...
• Analyzing Network Formation Using Big Data Analytics: A Study of Degree Distribution, Clustering Coefficient, Diameter, and Assortativity AI翻译
  作者：Li, Hao; Xu, Tianzhuang; Qi, Jin; Chen, Ying-Ju
  作者单位：Chinese Academy of Sciences; University of Science & Technology of China, CAS; Hong Kong University of Science & Technology; Hong Kong University of Science & Technology
  摘要：This research presents an innovative approach to network development which goes beyond conventional models that use connection rules for individual agents. We show that agents can produce diverse network structures through uniform edge searches which involve random connection attempts without preference. This model offers a new viewpoint on network formation by emphasizing edges in contrast to nodes. Within this framework, edges are considerably more crucial than those in other network formati...
• Can Autonomous Vehicles Solve the Commuter Parking Problem? AI翻译
  作者：Mirzaeian, Neda; Cho, Soo-Haeng; Qian, Sean
  作者单位：University of Texas System; University of Texas Dallas; Carnegie Mellon University; Carnegie Mellon University; Carnegie Mellon University
  摘要：This paper investigates how autonomous vehicles (AVs) may reshape morning commute travel patterns and impact parking in a central business district (CBD). We develop a continuous-time game-theoretic traffic model that takes into account key economic deterrents to driving, such as parking fees and traffic congestion, and characterize the departure time and parking location (inside or outside the CBD parking area) patterns of commuters in equilibrium. Our analysis shows that all AV commuters may...
• Forecasted vs. Actual Generosity in Image-Concern Interventions AI翻译
  作者：Jung, Minah H.; Saccardo, Silvia; Gneezy, Ayelet; Nelson, Leif D.
  作者单位：New York University; Carnegie Mellon University; University of California System; University of California San Diego; University of California System; University of California Berkeley
  摘要：Prior research and lay intuition suggest that amplifying image concerns promotes generosity. We test the impact of image-based interventions in consumer elective pricing (CEP), where individuals choose how much to pay for products or services. Across 10 studies (nine field experiments and one laboratory study, n = 3,182), we examine the effects of these interventions on payments and elicit forecasts from independent participants (n = 1,636). Forecasters predict large positive effects, yet beha...
• Deep Reinforcement Learning for Equilibrium Computation in Multistage Auctions and Contests AI翻译
  作者：Pieroth, Fabian R.; Kohring, Nils; Bichler, Martin
  作者单位：Technical University of Munich
  摘要：We compute equilibrium strategies in multistage games with continuous signal and action spaces as they are widely used in the management sciences and economics. Examples include sequential sales via auctions, multistage elimination contests, and Stackelberg competitions. In sequential auctions, analysts performing equilibrium analysis are required to derive not just single bids but bid functions for all possible signals or values that a bidder might have in multiple stages. Because of the cont...
• Nonprogressive Diffusion on Social Networks: Approximation and Applications AI翻译
  作者：Lin, Yunduan; Zhang, Heng; Zhang, Renyu; Shen, Zuo-Jun Max
  作者单位：Chinese University of Hong Kong; Arizona State University-Tempe; Arizona State University; Arizona State University-Tempe; University of Hong Kong; University of Hong Kong
  摘要：Nonprogressive diffusion models the spread of behavior on social networks, where agents are allowed to reverse their decisions as time evolves. To provide an efficient framework for evaluating and optimizing nonprogressive diffusion, we introduce a comprehensive model along with a fixed-point approximation (FPA) scheme, which admits both theoretical guarantee and computational efficiency. We show that the approximation error depends on the network structure and derive order-optimal bounds for ...
• Does Personality Similarity Influence the Formation of Auditor-in-Charge-Client Relationships and Audit Quality? Evidence from Swedish Military Conscription Data AI翻译
  作者：Aobdia, Daniel; Dong, Ting; Nilsson, Henrik; Zhu, Liwei
  作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; Stockholm School of Economics; University of Oulu; CUNEF Universidad
  摘要：This study investigates the role of personality similarity in the formation of auditor-in-charge (AIC)-client management dyads and the development of a collaborative relationship in auditing engagements. We apply the principle of homophily from sociology, that is, the attraction of individuals with similar traits to one another, to the formation of supplier-customer dyads in auditing engagements. Our analyses suggest that AIC-management personality similarity increases the likelihood of dyad f...
• Communication, Learning, and Bargaining Breakdown: An Empirical Analysis AI翻译
  作者：Backus, Matthew; Blake, Thomas; Pettus, Jett; Tadelis, Steven
  作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research; Center for Economic & Policy Research (CEPR); Amazon.com; Massachusetts Institute of Technology (MIT); Leibniz Association; Ifo Institut
  摘要：Bargaining breakdown is common in bargaining in environments with incomplete information. We study whether, in these environments, permitting communication impacts bargaining outcomes. On May 23, 2016, eBay Germany's Best Offer platform introduced unstructured communication allowing desktop users, but not mobile users, to accompany offers with a message. Using this natural experiment, our difference-in-differences approach documents a 14% decrease in the rate of breakdown among compliers. Thou...
• Pricing Control and Regulation on Online Service Platforms AI翻译
  作者：Cachon, Gerard P.; Dizdarer, Tolga; Tsoukalas, Gerry
  作者单位：University of Pennsylvania; Boston College; Boston University
  摘要：An open debate in platform design is who should control pricing: the platform (centralized pricing) or its service providers (decentralized pricing). We show that a key trade-off is between regulating competition and enabling price tailoring. Centralized pricing allows the platform to manage competition, but it faces information asymmetry as it cannot observe agent costs. Decentralized pricing lets agents adjust prices to their costs, but without oversight, competition can become too strong (p...