-
作者：Gal-Or, Esther; Shi, Qiaoni
作者单位：Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; Bocconi University
摘要：We consider a subscription platform that offers services to variety-seeking consumers who incorporate transportation costs in their decision of how many and which vendor services to consume. ClassPass in fitness and MoviePass in entertainment are examples of such platforms. We find that for the platform to be successful, it should enter markets where consumers' added benefit from patronizing more than one vendor is relatively high, thus strengthening the position of the platform in negotiation...
-
作者：Reed, Sara; Campbell, Ann Melissa; Thomas, Barrett W.
作者单位：University of Iowa; University of Iowa
摘要：We demonstrate that autonomous-assisted delivery can yield significant improvements relative to today's system in which a delivery person must park the vehicle before delivering packages. We model an autonomous vehicle that can drop off the delivery person at selected points in the city where the delivery person makes deliveries to the final addresses on foot. Then, the vehicle picks up the delivery person and travels to the next reloading point. In this way, the delivery person would never ne...
-
作者：Dong, Lingxiu; Shi, Duo; Zhang, Fuqiang
作者单位：Washington University (WUSTL); The Chinese University of Hong Kong, Shenzhen
摘要：3D printing, as a production technology, differs from conventional technologies in three characteristics: design freedom-that is, it can handle certain product designs that conventional technologies cannot; quality distinction-that is, depending on the focal quality dimension, it can lead to a quality level superior or inferior to that of conventional technologies; and natural flexibility-that is, it is endowed with capacity flexibility without sacrificing operational efficiency. This paper in...
-
作者：Mallipeddi, Rakesh R.; Kumar, Subodha; Sriskandarajah, Chelliah; Zhu, Yunxia
作者单位：Tulane University; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University; Texas A&M University System; Texas A&M University College Station; Mays Business School; University of Nebraska System; University of Nebraska Lincoln
摘要：Explosive growth in the number of users on various social media platforms has transformed the way firms strategize their marketing activities. To take advantage of the vast size of social networks, firms have now turned their attention to influencer marketing wherein they employ independent influencers to promote their products on social media platforms. Despite the recent growth in influencer marketing, the problem of network seeding (i.e., identification of influencers to optimally post a fi...
-
作者：Bhargava, Hemant K.; Wang, Kitty; Zhang, Xingyue (Luna)
作者单位：University of California System; University of California Davis; University of Houston System; University of Houston; University of Washington; University of Washington Tacoma
摘要：Many digital platforms have accrued enormous power and scale, leveraging cross-side network effects between the sides they connect (e.g., producers and consumers or creators and viewers). Platforms motivate a diverse spectrum of producers, large and small, to participate by sharing platform revenue with them, predominantly under a linear revenue-sharing scheme with the same commission rate regardless of producer power or size. Under pressure from society, lawsuits, and antitrust investigations...
-
作者：Aramonte, Sirio; Jahan-Parvar, Mohammad R.; Rosen, Samuel; Schindler, John W.
作者单位：Bank for International Settlements (BIS); Federal Reserve System - USA; Federal Reserve System Board of Governors; Pennsylvania Commonwealth System of Higher Education (PCSHE); Temple University
摘要：We propose a method to extract the risk-neutral distribution of firm-specific stock returns using both options and credit default swaps (CDS). Options and CDS provide information about the central part and the left tail of the distribution, respectively. Taken together, but not in isolation, options and CDS span the intermediate part of the distribution, which is driven by exposure to the risk of large, but not extreme, returns. Through a series of asset-pricing tests, we show that this interm...
-
作者：Feldman, Pnina; Segev, Ella
作者单位：Boston University; Ben-Gurion University of the Negev
摘要：A main challenge that service providers face when managing service systems is how to generate value and regulate congestion at the same time. To this end, classical queueing models suggest managers charge per-use fees and invest in capacity to speed up the service. However, in discretionary services, in which consumers value time in service and choose how long to stay, per-use fees result in suboptimal performance and speeding up does not apply. We study a queueing model of a service provider ...
-
作者：Baldauf, Markus; Frei, Christoph; Mollner, Joshua
作者单位：University of British Columbia; University of Alberta; Northwestern University
摘要：Many financial arrangements reference market prices that are yet to be realized at the time of contracting and consequently susceptible to manipulation. Two of the most common such arrangements are as follows: (i) guaranteed volume-weighted average price (VWAP) contracts, which reference the VWAP prevailing over an execution window, and (ii) market-on-close contracts, which reference the price prevailing at the window???s end. To study such situations, we introduce a stylized model of financia...
-
作者：Van Wesep, Edward D.; Waters, Brian
作者单位：University of Colorado System; University of Colorado Boulder
摘要：We present a general equilibrium model in which firms and workers coordinate compensation so that turnover is high in some periods and low in others. This ensures that firms and workers typically search for new matches when other firms and workers are available. If firms and workers find themselves in a periodic equilibrium, contracts often feature large bonuses paid just prior to periods of high labor market turnover. The theory's predictions match stylized facts concerning compensation and t...
-
作者：Ratnadiwakara, Dimuthu; Yerramilli, Vijay
作者单位：Louisiana State University System; Louisiana State University; University of Houston System; University of Houston
摘要：We use a unique feature of California's property tax system to empirically identify the causal effect of selling homeowners' past property tax payments on their choice of listing price. Although past property taxes are sunk costs, we find that they have a significant positive effect on the sellers' choice of listing price, which is inconsistent with rational models of decision making. This effect is stronger when sellers expect to sell at a loss relative to their purchase price and for propert...
