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作者：Perakis, Georgia; Sim, Melvyn; Tang, Qinshen; Xiong, Peng
作者单位：Massachusetts Institute of Technology (MIT); National University of Singapore; Nanyang Technological University
摘要：We introduce a new distributionally robust optimization model to address a two-period, multiitem joint pricing and production problem, which can be implemented in a data-driven setting using historical demand and side information pertinent to the prediction of demands. Starting from an additive demand model, we introduce a new partitioned-moment-based ambiguity set to characterize its residuals, which also determines how the second-period demand would evolve from the first-period information i...
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作者：Kamble, Vijay; Shah, Nihar; Marn, David; Parekh, Abhay; Ramchandran, Kannan
作者单位：University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; Carnegie Mellon University; University of California System; University of California Berkeley
摘要：A major challenge in obtaining evaluations of products or services on e-commerce platforms is eliciting informative responses in the absence of verifiability. This paper proposes the square root agreement rule (SRA): a simple reward mechanism that incentivizes truthful responses to objective evaluations on such platforms. In this mechanism, an agent gets a reward for an evaluation only if the answer matches that of a peer agent, where this reward is inversely proportional to a popularity index...
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作者：Bichler, Martin; Milgrom, Paul; Schwarza, Gregor
作者单位：Technical University of Munich; Stanford University
摘要：Combinatorial auctions have found widespread application for allocating multiple items in the presence of complex bidder preferences. The enumerative exclusive OR (XOR) bid language is the de facto standard bid language for spectrum auctions and other applications, despite the difficulties, in larger auctions, of enumerating all the relevant packages or solving the resulting NP-hard winner determination problem. We introduce the flexible use and efficient licensing (FUEL) bid language, which w...
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作者：Chinco, Alex
作者单位：City University of New York (CUNY) System; Baruch College (CUNY)
摘要：The limits of arbitrage explain how a speculative bubble is sustained; they do not explain how likely one is to occur. To do that, you need a theory about the thing that sporadically causes arbitrageur constraints to bind. I propose a first such theory, which is based on social interactions between speculators. The theory says that bubbles should be more likely in assets where increases in past returns make excited-speculators relatively more persuasive to their peers. I empirically verify thi...
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作者：Baron, Opher; Chen, Xiaole; Li, Yang
作者单位：University of Toronto; Sun Yat Sen University; Western University (University of Western Ontario)
摘要：The notion of omnichannel, an integration of brick-and-mortar stores with online channels, has been thriving in recent years and is reforming the traditional service industry. Many service chains, such as Starbucks and McDonald's, established omnichannel capability by allowing customers to order online in advance before visiting stores for pickup. The premise of omnichannel services is that when customers take advantage of the low-cost-of-waiting online channel, both their utility and the prov...
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作者：Teeselink, Bouke Klein; van den Assem, Martijn J.; van Dolder, Dennie
作者单位：Yale University; Tinbergen Institute; University of Essex
摘要：Berger and Pope (2011) show that being slightly behind increases the likelihood of winning in professional (National Basketball Association; NBA) and collegiate (National Collegiate Athletic Association; NCAA) basketball. We extend their analysis to large samples of Australian football, American football, and rugby matches, but find no evidence of such an effect for these three sports. When we revisit the phenomenon for basketball, we only find supportive evidence for NBA matches from the peri...
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作者：Burkhardt, Jesse; Gillingham, Kenneth T.; Kopalle, Praveen K.
作者单位：Colorado State University System; Colorado State University Fort Collins; Yale University; Dartmouth College
摘要：This study examines how electric utilities and regulators can encourage residential consumers to conserve electricity during the hottest summer days and shift electricity load from the day to off-peak, nighttime hours. We analyze a two-year field experiment involving 280 Texas households that explores approaches to conservation and load-shifting to enable emission reductions and reduce generation costs. Our critical peak pricing intervention reduces electricity consumption by 14% on the peak h...
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作者：Roach, Michael; Sauermann, Henry
作者单位：University of Illinois System; University of Illinois Urbana-Champaign
摘要：Early stage technology startups rely critically on talented scientists and engi-neers to commercialize new technologies. And yet these startups compete with established technology firms to hire the best workers. Theories of ability sorting predict that high -ability workers will choose jobs in established firms that offer greater complementary assets and higher pay, leaving low-ability workers to take lower paying and riskier jobs in startups. We propose an alternative view in which heterogene...
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作者：Candogan, Ozan; Chen, Chen; Niazadeh, Rad
作者单位：University of Chicago; New York University; NYU Shanghai
摘要：Experimentation is prevalent in online marketplaces and social networks to assess the effectiveness of new market intervention. To mitigate the interference among users in an experiment, a common practice is to use a cluster-based experiment, where the designer partitions the market into loosely connected clusters and assigns all users in the same cluster to the same variant (treatment or control). Given the experiment, we assume an unbiased Horvitz-Thompson estimator is used to estimate the t...
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作者：Neilson, Jed J.; Wang, Philip; Williams, Christopher D.; Xie, Biqin
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; State University System of Florida; University of Florida; University of Michigan System; University of Michigan; Office of Financial Research; United States Department of the Treasury
摘要：U.S. generally accepted accounting principles (GAAP) allows banks to offset derivative assets against derivative liabilities with the same counterparty and report only the net amount on the balance sheet. Derivative offsetting under international financial reporting standards (IFRS) is much more restrictive, resulting in the single largest difference in balance sheet presentation between U.S. GAAP and IFRS. Two important factors dominate the standard-setting discussion on this issue: (1) wheth...
