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作者：Bahar, Dany; Choudhury, Prithwiraj; Kim, Do Yoon; Koo, Wesley W.
作者单位：Brown University; Harvard University; Boston College; INSEAD Business School
摘要：We study whether, when, and how better connectivity through nonstop flights leads to positive innovation outcomes for firms in the global context. Using unique data of all flights emanating from 5,015 airports around the globe from 2005 to 2015 and exploiting a regression discontinuity framework, we report that a 10% increase in nonstop flights between two locations leads to a 3.4% increase in citations and a 1.4% increase in the production of collaborative patents between those locations. Thi...
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作者：Palley, Asa B.; Satopaa, Ville A.
作者单位：Indiana University System; Indiana University Bloomington; IU Kelley School of Business; INSEAD Business School
摘要：A combination of point estimates from multiple judges often provides a more accurate aggregate estimate than a point estimate from a single judge, a phenomenon called the wisdom of crowds. However, if the judges use shared information when forming their estimates, the simple average will end up overemphasizing this common component at the expense of the judges' private information. A decision maker could in theory obtain a more accurate estimate by appropriately combining all information behin...
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作者：Buckman, Joseph R.; Adjerid, Idris; Tucker, Catherine
作者单位：University System of Georgia; Georgia State University; Virginia Polytechnic Institute & State University; Massachusetts Institute of Technology (MIT)
摘要：The COVID-19 pandemic has killed millions and gravely disrupted the world's economy. A safe and effective vaccine was developed remarkably swiftly, but as of yet, uptake of the vaccine has been slow. This paper explores one potential explanation of delayed adoption of the vaccine, which is data privacy concerns. We explore two contrasting regulations that vary across U.S. states that have the potential to affect the perceived privacy risk associated with receiving a COVID-19 vaccine. The first...
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作者：Kamei, Kenju; Markussen, Thomas
作者单位：Keio University; University of Copenhagen
摘要：A novel laboratory experiment is used to show that mismatching between task preferences and task assignment strongly undermines worker performance and leads to free riding in teams. Unlike prior experiments using real effort tasks, task preferences are elicited from all workers. Under team-based remuneration (revenue sharing), free riding is significant, but this effect is largely driven by those working on undesired tasks. Workers' endogenous sorting into tasks improves productivity as it mit...
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作者：Cai, Wei; Gallani, Susanna; Shin, Jee-Eun
作者单位：Columbia University; Harvard University; University of Toronto
摘要：We examine the incentive effects of subjectivity in allocating tournament-based rewards and punishments. We use data from a company where reward and punishment decisions are based on a combination of objective metrics and subjective performance assessments. Rankings based on the objective metrics and the ultimate payoff allocations are disclosed to all members of the organization. This information allows employees to observe whether and how managers subjectively override the objective rankings...
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作者：Stoumbos, Robert
作者单位：Columbia University
摘要：I demonstrate that, on average, information asymmetry grows between earnings announcements and falls right after each new earnings announcement. I estimate that percent effective spreads typically grow 3.1% over the course of the inter-announcement period. I demonstrate that this inter-announcement growth in information asymmetry occurs gradually throughout the entire inter-announcement period and not just right before each new earnings announcement. This inter-announcement growth has implicat...
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作者：Benhaim, Alon; Falk, Brett H.; Tsoukalas, Gerry
作者单位：University of Pennsylvania; University of Pennsylvania; Boston University; International Institute for Management Development (IMD)
摘要：In the high-stakes race for scalability, some blockchains have turned to committee-based consensus (CBC), whereby the chain's recordkeeping rights are entrusted to a committee of block producers elected via approval voting. Smaller committees boost speed and scalability but can compromise security when voters have limited information. In this environment, voting strategies are naturally nonlinear, and equilibria can become intractable. Despite this, we show that elections converge to optimalit...
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作者：Thomadsen, Raphael; Zeithammer, Robert; Yao, Song
作者单位：Washington University (WUSTL); University of California System; University of California Los Angeles
摘要：We examine the effect of a U.S. Supreme Court decision regarding abortion laws on Americans' preferences for political candidates. The decision was leaked in advance of the official announcement, and we track the evolution of political preferences from before to after the leak and, eventually, to after the formal announcement. The abortion issue was already very important to voters before the leak, but the Court's decision did not simply make it more important for everyone. We find that the de...
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作者：Yoganarasimhan, Hema; Barzegary, Ebrahim; Pani, Abhishek
作者单位：University of Washington; University of Washington Seattle
摘要：Free trial promotions are a commonly used customer acquisition strategy in the Software as a Service industry. We use data from a large-scale field experiment to study the effect of trial length on customer-level outcomes. We find that, on average, shorter trial lengths (surprisingly) maximize customer acquisition, retention, and profitability. Next, we examine the mechanism through which trial length affects conversions and rule out the demand cannibalization theory, find support for the cons...
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作者：Neely, Daniel G.; Saxton, Gregory D.; Wong, Paul A.
作者单位：University of Wisconsin System; University of Wisconsin Milwaukee; York University - Canada; University of California System; University of California Davis
摘要：We examine nonprofit organizations' involvement in the Paycheck Protection Program (PPP). The PPP provided participants with forgivable loans to pay employee salaries, increasing participants' financial flexibility during the pandemic. We examine the associations between nonprofits' prepandemic financial obligations (e.g., long-term debt and donor-restricted net assets) and PPP participation and participants' loan characteristics. First, we find nonprofit organizations participated at a lower ...
