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作者：Jullien, Bruno; Reisinger, Markus; Rey, Patrick
作者单位：Centre National de la Recherche Scientifique (CNRS); Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; Frankfurt School Finance & Management; Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics
摘要：The availability of consumer data is inducing a growing number of firms to adopt more personalized pricing policies. This affects both the performance of, and the competition between, alternative distribution channels, which in turn has implications for firms' distribution strategies. We develop a formal model to examine a brand manufacturer's choice between mono distribution (selling only through its own direct channel) or dual distribution (selling through an independent retailer as well). W...
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作者：Gupta, Shivam; Chen, Wei; Dawande, Milind; Janakiraman, Ganesh
作者单位：University of Nebraska System; University of Nebraska Lincoln; University of Kansas; University of Texas System; University of Texas Dallas
摘要：We consider a principal who periodically offers a fixed and costly nonmonetary reward to agents to incentivize them to invest effort over the long run. An agent's output, as a function of his effort, is a priori uncertain and is worth a fixed per-unit value to the principal. The principal's goal is to design an attractive reward policy that specifies how the rewards are to be given to an agent over time based on that agent's past performance. This problem, which we denote by P, is motivated by...
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作者：Watson, Jeremy; MacGarvie, Megan; McKeon, John
作者单位：University of Minnesota System; University of Minnesota Twin Cities; Boston University; National Bureau of Economic Research
摘要：This paper examines the effect of the expiry of recording copyright on the supply of music???in the form of rereleases, availability on streaming platforms, and concert performances???by artists popular in the United Kingdom in the 1960s. We find that recording copyright expiry has different effects on a song???s availability in different distribution channels. The lapsing of copyright leads to a large increase in the number of rereleases in physical formats, holding constant artist, age, and ...
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作者：Sosic, Greys
作者单位：University of Southern California
摘要：Is it feasible to build desalination plants for the coproduction of salt and fresh water from U.S. seawater that could lead to a restructuring of supply chains for salt imports? As it is predicted that climate change will increase water stress worldwide, an increasing number of countries are using desalination plants to generate fresh water. In most such cases, residual concentrates must be disposed of, and the disposal cost is increasing as countries are becoming more environmentally consciou...
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作者：Park, Sungsik; Shin, Woochoel; Xie, Jinhong
作者单位：University of South Carolina System; University of South Carolina Columbia; State University System of Florida; University of Florida
摘要：The well-documented rating inflation of incentivized reviews (IRs) can mislead consumers into choosing a product that they would otherwise not buy. To protect consumers from this undesirable influence, the U.S. Federal Trade Commission recommends that reviewers conspicuously disclose any material connection they may have with sellers. In theory, such disclosures safeguard consumers by motivating reviewers to be truthful and inducing consumers to discount inflated IR ratings. Our research finds...
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作者：Simchi-Levi, David; Xu, Yunzong
作者单位：Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); Microsoft; University of Illinois System; University of Illinois Urbana-Champaign
摘要：We consider the classic stochastic multiarmed bandit problem with a constraint that limits the total cost incurred by switching between actions to be no larger than a given switching budget. For this problem, we prove matching upper and lower bounds on the optimal (i.e., minimax) regret and provide efficient rate-optimal algorithms. Surprisingly, the optimal regret of this problem exhibits a nonconventional growth rate in terms of the time horizon and the number of arms. Consequently, we disco...
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作者：Du, Wenxin; Gadgil, Salil; Gordy, Michael B.; Vega, Clara
作者单位：Columbia University; United States Department of the Treasury; Office of Financial Research; Federal Reserve System - USA; Federal Reserve System Board of Governors
摘要：We investigate how market participants price and manage counterparty credit risk using confidential trade repository data on single-name credit default swap (CDS) transactions. We find that counterparty risk has a modest impact on the pricing of CDS contracts but a large impact on the choice of counterparties. For contracts ineligible for central clearing, we show that market participants are significantly less likely to trade with counterparties whose credit risk is highly correlated with the...
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作者：Turcic, Danko; Markou, Panos; Kouvelis, Panos; Corsten, Daniel
作者单位：University of California System; University of California Riverside; University of Virginia; Washington University (WUSTL); IE University
摘要：Several features of automotive procurement distinguish it from the prototypical supply chain in the academic literature: pass-through pricing that reimburses suppliers for raw material costs, market frictions that prohibit cost transparency and imbue suppliers with pricing power, and contractual commitments that span multiple production periods. In this context, we formalize a procurement model by considering an automaker that buys components from an upstream supplier to assemble cars over sev...
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作者：Proudfoot, Devon; Berry, Zachariah; Chang, Edward H.; Kay, Min B.
作者单位：Cornell University; Cornell University; Harvard University
摘要：Despite mixed evidence for the relationship between demographic diversity and creativity, we propose that observers hold a lay belief that demographic diversity increases creativity and apply this lay belief in judgments about teams and their creative work. Across eight preregistered studies (n � 5,530), we find that observers judge teams diverse in terms of race and gender to be more creative than teams homogeneous in terms of race and gender, including in incentive-compatible predictions ma...
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作者：Marinoni, Astrid
作者单位：University System of Georgia; Georgia Institute of Technology
摘要：Immigration has proven to be a major force driving entrepreneurial dynamics. In this paper I investigate how the geographical distribution of immigrants within a given country, and in particular the presence of enclaves, affects the relationship between immigration and entrepreneurship. I examine the impact of Polish immigration to Great Britain following the unprecedented migration wave caused by the European Union enlargement in 2004. I address omitted variable concerns by using information ...
