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作者：Dimitriadis, Stefan; Koning, Rembrand
作者单位：University of Toronto; Harvard University
摘要：Recent field experiments demonstrate that advice, mentorship, and feedback from randomly assigned peers improve entrepreneurial performance. These results raise a natural question: what is preventing entrepreneurs and managers from forming these peer connections themselves? We argue that entrepreneurs may be under-networked because they lack the necessary social skills-the ability to communicate effectively and interact collaboratively with new acquaintances-that allow them to match efficientl...
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作者：Derakhshan, Mahsa; Golrezaei, Negin; Leme, Renato Paes
作者单位：University System of Maryland; University of Maryland College Park; Massachusetts Institute of Technology (MIT); Alphabet Inc.; Google Incorporated
摘要：We study the problem of computing data-driven personalized reserve prices in eager second price auctions without having any assumption on valuation distributions. Here, the input is a data set that contains the submitted bids of n buyers in a set of auctions, and the problem is to return personalized reserve prices r that maximize the revenue earned on these auctions by running eager second price auctions with reserve r. For this problem, which is known to be NP complete, we present a novel li...
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作者：Hu, Yue; Chan, Carri W.; Dong, Jing
作者单位：Columbia University
摘要：Service systems are typically limited resource environments where scarce capacity is reserved for the most urgent customers. However, there has been a growing interest in the use of proactive service when a less urgent customer may become urgent while waiting. On one hand, providing service for customers when they are less urgent could mean that fewer resources are needed to fulfill their service requirement. On the other hand, using limited capacity for customers who may never need the servic...
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作者：Arnosti, Nick; Randolph, Tim
作者单位：Columbia University; Columbia University
摘要：We analyze the parallel lottery that is used to allocate hunting permits in the state of Alaska. Each participant is given tickets to distribute among lotteries for different types of items. Participants who win multiple items receive their favorite, and new winners are drawn from the lotteries with unclaimed items. When supply is scarce, equilibrium outcomes of parallel lotteries approximate a competitive equilibrium from equal incomes (CEEI), which is Pareto efficient. When supply is moderat...
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作者：Hackbarth, Dirk; Taub, Bart
作者单位：Boston University; Centre for Economic Policy Research - UK; European Corporate Governance Institute; University of Glasgow
摘要：We study anticompetitive horizontal mergers in a dynamic model with noisy collusion. At each instant, firms either privately choose output levels or merge to form a monopoly, trading off the benefits of avoiding price wars against the costs of merging. The potential to merge decreases pre-merger collusion, as punishments effected by price wars are weakened. We thus extend the result of Davidson and Deneckere [Davidson C, Deneckere R (1984) Horizontal mergers and collusive behavior. Internat. J...
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作者：Qiu, Buhui; Tian, Gary Gang; Zang, Haijian
作者单位：University of Sydney; Macquarie University; Guangxi University
摘要：How does deleveraging affect the market liquidity of high-embedded-leverage securities issued by financial institutions and the funding constraints of these institutions? We use the forced deleveraging of structured mutual funds during the 2015 Chinese stock market crash to study the effects of deleveraging. Our regression-discontinuity analysis shows that deleveraging significantly reduces the market liquidity of the deleveraging funds' equity units. Moreover, our difference-in-differences an...
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作者：Dey, Debabrata; Ghoshal, Abhijeet; Lahiri, Atanu
作者单位：University of Washington; University of Washington Seattle; University of Illinois System; University of Illinois Urbana-Champaign; University of Texas System; University of Texas Dallas
摘要：The role of education and enforcement in ensuring compliance with a law or policy has been debated for more than a century now. We reopen this debate in the context of security circumvention by employees, currently a leading cause of information security and privacy breaches. Drawing on prior literature, we develop a microeconomic framework that captures employees' circumventing behavior in the face of security controls. This allows us to obtain interesting insights that have implications for ...
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作者：Pandolfi, Lorenzo
作者单位：University of Naples Federico II; University of Naples Federico II
摘要：This paper analyzes the effects of bail-in and bailout policies on banks' funding costs, incentives for loan monitoring, and financing capacity. In a model with moral hazard and two investment stages, a full bail-in turns out to be, ex post, the optimal policy to deal with a failing bank. Unlike a bailout, it allows the government to recapitalize the bank without resorting to distortionary taxes. As a consequence, however, investors expect bailins rather than bailouts. Ex ante, this raises ban...
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作者：Chen, Xi; Owen, Zachary; Pixton, Clark; Simchi-Levi, David
作者单位：New York University; Brigham Young University; Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT)
摘要：We consider a logit model-based framework for modeling joint pricing and assortment decisions that take into account customer features. This model provides a significant advantage when one has insufficient data for any one customer and wishes to generalize learning about one customer's preferences to the population. Under this model, we study the statistical learning task of model fitting from a static store of precollected customer data. This setting, in contrast to the popular learning and e...
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作者：Delfgaauw, Josse; Dur, Rober; Onemu, Oke; Sol, Joeri
作者单位：Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; Tinbergen Institute; Leiden University; Leiden University - Excl LUMC; Leibniz Association; Ifo Institut; IZA Institute Labor Economics; University of Amsterdam
摘要：We conducted a field experiment in a Dutch retail chain of 122 stores to study the interaction between team incentives, team social cohesion, and team performance. Theory predicts that the effect of team incentives on team performance increases with the team's social cohesion because social cohesion reduces free-riding behavior. In addition, team incentives may lead to more coworker support or to higher peer pressure and thereby, can affect the team's social cohesion. We introduced short-term ...
