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作者：Sun, Tianshu; Yuan, Zhe; Li, Chunxiao; Zhang, Kaifu; Xu, Jun
作者单位：University of Southern California; Zhejiang University; Alibaba Group
摘要：Personal data have become a key input in internet commerce, facilitating the matching between millions of customers and merchants. Recent data regulations in China, Europe, and the United States restrict internet platforms' ability to collect and use personal data for personalized recommendation and may fundamentally impact internet commerce. In collaboration with the largest e-commerce platform in China, we conduct a large-scale field experiment to measure the potential impact of data regulat...
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作者：Chan, Tat Y.; Liao, Li; Martin, Xiumin; Wang, Zhengwei
作者单位：Washington University (WUSTL); Tsinghua University
摘要：We study the behavior of an individual avoiding peer information from a natural field experiment of charity crowdfunding. The unique experimental design enables us to employ an instrumental variable strategy to identify how the behavior influences individual giving to and promotion of charity campaigns. We find that, even with free access, 89% of individuals chose not to seek peer information. These individuals were less likely, whereas their peers were more likely to give and help promote in ...
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作者：Davydiuk, Tetiana; Gupta, Deeksha; Rosen, Samuel
作者单位：Carnegie Mellon University; Johns Hopkins University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
摘要：Using the market for initial coin offerings (ICOs) as a laboratory, we provide evidence that entrepreneurs use retention to alleviate information asymmetry. The underlying technology and the absence of regulation make the ICO market well suited to study this question empirically. Using a hand-collected data set, we show that ICO issuers that retain a larger fraction of their tokens are more successful in their funding efforts and are more likely to develop a working product. Moreover, we find ...
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作者：Lu, Yan; Mullally, Kevin; Ray, Sugata
作者单位：State University System of Florida; University of Central Florida; University of Alabama System; University of Alabama Tuscaloosa
摘要：We examine the relation between public pension plan chief investment officer (CIO) compensation and plans' investment performance. Higher paid CIOs outperform their counterparts by 47-60 basis points per year, largely through increased and superior investment in private equity and real estate. This outperformance generates an additional $74.91-$95.63 million in economic value. Plans offering higher compensation hire better educated CIOs and are more likely to retain their CIOs. Higher CIO comp...
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作者：Gupta, Shubham; Roy, Abhishek; Kumar, Subodha; Mudambi, Ram
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
摘要：The growing complexity of consulting, new product development, and information technology projects has led firms to increasingly adopt the strategy of collaborative value cocreation with their vendors. Although such value cocreation often involves a client firm engaging with more than one vendor, research in this field has primarily focused on single-vendor cocreation, whereas research on multivendor sourcing has rarely considered collaborative value cocreation. We bridge this gap by studying ...
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作者：Starmans, Jan
作者单位：Stockholm School of Economics
摘要：This paper studies the investor???s investment decision in a standard financial contracting model. The investor chooses among entrepreneurs with heterogeneous production technologies who generate different probability distributions of cash flow under effort. I provide a complete characterization of optimal contracts, agency rents, and the investor???s investment decision. Differences in entrepreneurs??? production technologies imply differences in optimal contracts and agency rents across equa...
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作者：Wang, Qiaochu; Huang, Yan; Jasin, Stefanus; Singh, Param Vir
作者单位：Carnegie Mellon University; University of Michigan System; University of Michigan
摘要：Should firms that apply machine learning algorithms in their decision making make their algorithms transparent to the users they affect? Despite the growing calls for algorithmic transparency, most firms keep their algorithms opaque, citing potential gaming by users that may negatively affect the algorithm's predictive power. In this paper, we develop an analytical model to compare firm and user surplus with and without algorithmic transparency in the presence of strategic users and present no...
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作者：Hajjar, Ali; Alagoz, Oguzhan
作者单位：Harvard University; Harvard Medical School; Harvard University; Harvard University Medical Affiliates; Massachusetts General Hospital; University of Wisconsin System; University of Wisconsin Madison
摘要：Clinical practice guidelines do not sufficiently address the needs of patients with chronic conditions as these guidelines focus on single disease management and ignore unique patient-specific conditions. As a result, a nonpersonalized approach to the management of the patients with chronic conditions leads to adverse events and increases the financial burden on the healthcare system as over 150 million Americans experience chronic conditions. To this end, we develop a stochastic modeling fram...
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作者：Trivella, Alessio; Mohseni-Taheri, Danial; Nadarajah, Selvaprabu
作者单位：University of Twente; University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital
摘要：Several corporations have committed to procuring a percentage of their electricity demand from renewable sources by a future date. Long-term financial contracts with renewable generators based on a fixed strike price, known as virtual power purchase agreements (VPPAs), are popular to meet such a target. We formulate rolling power purchases using a portfolio of VPPAs as a Markov decision process, accounting for uncertainty in generator availability and in the prices of electricity, renewable en...
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作者：Li, Zhihua; Zhong, Songfa
作者单位：University of Birmingham; National University of Singapore
摘要：Dynamic structures in intertemporal choices offer multiple channels through which reference dependence can occur. We examine intertemporal reference dependence when using choice lists to elicit time preference over outcome sequences. Reference point effects can arise endogenously within an outcome sequence and exogenously from the experimental environment of the choice list. We show that estimated discount factors in the choice list are biased by both kinds of reference points and propose a mo...
