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作者：Hervas-Drane, Andres; Shelegia, Sandro
作者单位：Pompeu Fabra University
摘要：Leading retailers have opened up their online storefronts to competitors by operating marketplaces for third-party sellers. We develop a model of entry and price competition at the product market level to analyze the competitive interactions arising within these retailer-led marketplaces. We show that the retailer benefits from the marketplace by mitigating his own capacity constraints and manages competition from third-party sellers through his control of the storefront: by setting the market...
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作者：Yu, Peiwen; Zhang, Jiahua
作者单位：Chongqing University; Dongbei University of Finance & Economics
摘要：Data analytics enable firms to offer personalized prices to targeted consumers but at a cost. We study a competitive personalized pricing game where the entrant is uncertain about the incumbent's targeting cost. We demonstrate that implementing personalized pricing through a list price-discount scheme allows the incumbent to signal its targeting cost via the list price. This signaling mechanism is effective because the list price serves as a price ceiling, which limits the incumbent's ability ...
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作者：Chen, Yasheng; Presslee, Adam; Yang, Sue
作者单位：Xiamen University; University of Waterloo; Texas Tech University System; Texas Tech University
摘要：Variation in functional expertise is an important decision that managers face when designing teams tasked with being creative. We develop theory that predicts that functional diversity has countervailing effects on team creativity through its positive (negative) effect on the uniqueness (usefulness) of the proposals generated. We conduct an experiment where functionally homogeneous or heterogeneous two-person teams are tasked with proposing a creative use for an unused university space. We mea...
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作者：Waisman, Caio; Gordon, Brett R.
作者单位：Northwestern University
摘要：Randomized experiments with treatment and control groups are an important tool to measure the impacts of interventions. However, in experimental settings with onesided noncompliance extant empirical approaches may not produce the estimands a decision maker needs to solve the problem of interest. For example, these experimental designs are common in digital advertising settings but typical methods do not yield effects that inform the intensive margin: how many consumers should be reached or how...
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作者：Shi, Peng
作者单位：University of Southern California
摘要：Many two-sided marketplaces rely on match recommendations to help customers find suitable service providers at suitable prices. This paper develops a tractable methodology that a platform can use to optimize its match recommendation policy to maximize the total value generated by the platform while accounting for the endogeneity of transaction prices, which are set by the providers based on supply and demand and can depend on the platform's match recommendation policy. Despite the complication...
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作者：Deck, Cary; Huang, Rachel J.; Tzeng, Larry Y.; Zhao, Lin
作者单位：University of Alabama System; University of Alabama Tuscaloosa; Chapman University System; Chapman University; National Central University; National Taiwan University; Southwestern University of Finance & Economics - China
摘要：Although the importance of the second-order Arrow-Pratt coefficients of risk aversion is well established, the importance of higher-order risk attitudes has only recently begun to be recognized. In this paper, we introduce a nonparametric approach to directly measure higher-order Arrow-Pratt coefficients of risk aversion in an expected utility framework using choices between compound lotteries and show how it can be easily implemented in behavioral studies. Specifically, we provide a theoretic...
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作者：Tian, Feng; Astashkina, Ekaterina; Duenyas, Izak
作者单位：University of Hong Kong; University of Michigan System; University of Michigan
摘要：We consider a stylized incentive management problem over an infinite time horizon, where the principal hires an agent to provide services to customers. Customers request service in one of two ways: either via an online or a traditional offline channel. The principal does not observe the offline customers' arrivals, nor does she observe whether the agent exerts (costly) effort that can increase the arrival rate of customers. This creates an opportunity for the agent (i) to divert cash (that is,...
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作者：Karle, Heiko; Reisinger, Markus
作者单位：Frankfurt School Finance & Management
摘要：The ability to successfully target consumers has been substantially affected by recent developments in digital markets, such as improvements in tracking technologies or General Data Protection Regulation. In this paper, we set up a game theoretic model to examine the implications of such changes in targeting success on firms' targeting strategies and profits. We explicitly consider that firms can target different consumer groups-that is, high- or low-valuation consumers-and that targeting is i...
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作者：Kanoria, Yash; Min, Seungki; Qian, Pengyu
作者单位：Columbia University; Korea Advanced Institute of Science & Technology (KAIST); Boston University
摘要：We study the competition for partners in two-sided matching markets with heterogeneous agent preferences, with a focus on how the equilibrium outcomes depend on the connectivity in the market. We model random partially connected markets, with each agent having an average degree d in a random (undirected) graph and a uniformly random preference ranking over their neighbors in the graph. We formally characterize stable matchings in large random markets with small imbalance and find a threshold i...
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作者：Lambrecht, Marco; Sofianos, Andis; Xu, Yilong
作者单位：Hanken School of Economics; Durham University; Utrecht University
摘要：We investigate how key features associated with the Proof-of-Work consensus mechanism of Bitcoin (commonly referred to as mining) affect pricing. In a controlled laboratory experiment, we observe that price bubble formation can be attributed to mining. Moreover, overpricing is more pronounced if the mining capacity is centralized to a small group of individuals. The order book data reveal that miners seem to play a crucial role in bubble formation. Further probing the mechanism in a second stu...
