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作者：Bapna, Ravi; McFowland, Edward, III; Mojumder, Probal; Ramaprasad, Jui; Umyarov, Akhmed
作者单位：University of Minnesota System; University of Minnesota Twin Cities; Harvard University; Indian Institute of Management (IIM System); Indian Institute of Management Udaipur (IIMU); University System of Maryland; University of Maryland College Park
摘要：With one-third of marriages in the United States beginning online, online dating platforms have become important curators of the modern social fabric. Prior work on online dating has elicited two critical frictions in the heterosexual dating market. Women, governed by age-old social norms of not making the first move, are inhibited in their interactions in that they do not initiate contact with men. On the other side, men send an abundance of messages, the majority of which do not convert to m...
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作者：Shen, Luxi; Hirshman, Samuel D.
作者单位：Chinese University of Hong Kong; Norwegian School of Economics (NHH); Norwegian School of Economics (NHH)
摘要：In jobs in which workers have the flexibility to decide how much work to supply, such as in the gig economy, the effect of a wage change on work supply can be hard to predict. A wage increase offers workers the opportunity to make more money. At the same time, it allows them to make money faster, so they can enjoy more leisure and do not need to work as much. Economic theory alone does not predict which outcome is more likely to occur, and the empirical evidence is also mixed. This paper provi...
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作者：Beyer, Anne; Dye, Ronald A.
作者单位：Stanford University; Northwestern University
摘要：We develop a model of a manager's equilibrium voluntary disclosure policy to study how that policy changes depending on whether the manager is prohibited from disclosing, or allowed to disclose, a half-truth; we also examine how the disclosure policy changes depending on whether the manager has a duty to update past disclosures. Among our results, we show that if a manager is prohibited from issuing half-truths, the manager discloses a wider array of information than if the manager is allowed ...
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作者：Laudenbach, Christine; Ungeheuer, Michael; Weber, Martin
作者单位：Aalto University; University of Mannheim; Centre for Economic Policy Research - UK
摘要：We experimentally study how presentation formats for return distributions affect investors' diversification choices. We find that sampling returns alleviates correlation neglect and constitutes an effective way to improve financial decisions. When participants get a description of the probabilities for outcomes of the joint return distribution, we confirm the findings of others that investors neglect the correlation between assets in their diversification choices. However, when participants sa...
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作者：Gill, Andrej; Heinz, Matthias; Schumacher, Heiner; Sutter, Matthias
作者单位：Johannes Gutenberg University of Mainz; University of Cologne; Max Planck Society; Centre for Economic Policy Research - UK; University of Innsbruck; KU Leuven; University of Cologne; IZA Institute Labor Economics; Leibniz Association; Ifo Institut
摘要：Trust is an important element of many financial transactions. Yet, the financial industry has been struggling with public mistrust. One explanation for this could be the selection of individuals who wish to work in and get job offers from the financial industry. In this paper, we examine the selection into the financial industry based on social preferences. We identify the social preferences of business and economics students, and, for more than six years, follow up on their early career choic...
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作者：Cheng, Stephanie F.; Cuny, Christine; Xue, Hao
作者单位：Tulane University; New York University; Duke University
摘要：Ownership segmentation in the municipal bond market gives rise to competition among local issuers for a limited supply of capital. We consider the disclosure implications of this competition for capital, using Moody's 2010 recalibration of the municipal rating scale. The recalibration placed lowly upgraded issuers at a disadvantage relative to their highly upgraded peers within the same market segment. We develop a model in which two municipal bond issuers compete for investors' capital by cho...
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作者：Moon, Ken; Bergemann, Patrick; Brown, Daniel; Chen, Andrew; Chu, James; Eisen, Ellen A.; Fischer, Gregory M.; Loyalka, Prashant; Rho, Sungmin; Cohen, Joshua
作者单位：University of Pennsylvania; University of California System; University of California Irvine; Apple Inc; Columbia University; University of California System; University of California Berkeley; Boston Consulting Group (BCG); Apple Inc
摘要：To maximize productivity, manufacturers must organize and equip their workforces to efficiently handle variable workloads. Their success depends on their ability to assign experienced and skilled workers to specialized tasks and coordinate work on production lines. Worker turnover may disrupt such efforts. We use staffing, productivity, and pay data from within a major consumer electronics manufacturer's supply chain to study how firms should manage worker turnover and its effects using produc...
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作者：Lin, Chen-An; Shang, Kevin; Sun, Peng
作者单位：Duke University
摘要：This paper studies a pricing problem for a single-server queue where customers arrive according to a Poisson process. For each arriving customer, the service provider announces a price rate and system wait time. In response, the customer decides whether to join the queue, and, if so, the duration of the service time. The objective is to maximize either the long-run average revenue or social welfare. We formulate this problem as a continuous-time control model whose optimality conditions involv...
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作者：Bonfim, Diana; Cerqueiro, Geraldo; Degryse, Hans; Ongena, Steven
作者单位：Universidade Catolica Portuguesa; KU Leuven; Centre for Economic Policy Research - UK; University of Zurich; Swiss Finance Institute (SFI); Norwegian University of Science & Technology (NTNU)
摘要：Zombie lending remains a widespread practice by banks around the world. In this paper, we exploit a series of large-scale on-site inspections made on the credit portfolios of several Portuguese banks to investigate how these inspections affect banks' future lending decisions. We find that an inspected bank becomes 20% less likely to refinance zombie firms, immediately spurring their default. Overall, banks seemingly reduce zombie lending because the incentives to hold these loans disappear onc...
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作者：Mamadehussene, Samir; Sguera, Francesco
作者单位：University of Texas System; University of Texas Dallas; Universidade Catolica Portuguesa
摘要：The Becker-DeGroot-Marschak (BDM) mechanism is frequently used in experimental research to measure willingness-to-pay (WTP). The mechanism is very appealing given its incentive compatibility property. However, a growing body of experimental evidence finds that WTP is sensitive to the underlying price distribution of the BDM mechanism. The literature suggests that these findings can be rationalized only if subjects have context-dependent preferences. Under context-dependent preferences, the use...
