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作者：Huang, Jiali; Mani, Ankur; Wang, Zizhuo
作者单位：University of Minnesota System; University of Minnesota Twin Cities; The Chinese University of Hong Kong, Shenzhen; Shenzhen Research Institute of Big Data
摘要：We study the value of price discrimination in large social networks. Recent trends in industry suggest that, increasingly, firms are using information about social network to offer personalized prices to individuals based upon their positions in the social network. In the presence of positive network externalities, firms aim to increase their profits by offering discounts to influential individuals that can stimulate consumption by other individuals at a higher price. However, the lack of tran...
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作者：Fu, Runshan; Aseri, Manmohan; Singh, ParamVir; Srinivasan, Kannan
作者单位：Carnegie Mellon University; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh; Carnegie Mellon University
摘要：Ensuring fairness in algorithmic decision making is a crucial policy issue. Current legislation ensures fairness by barring algorithm designers from using demographic information in their decision making. As a result, to be legally compliant, the algorithms need to ensure equal treatment. However, in many cases, ensuring equal treatment leads to disparate impact particularly when there are differences among groups based on demographic classes. In response, several fair machine learning (ML) al...
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作者：Stroh, Alexander M.; Erera, Alan L.; Toriello, Alejandro
作者单位：University System of Georgia; Georgia Institute of Technology
摘要：We study tactical models for the design of same-day delivery (SDD) systems. Same-day fulfillment in e-commerce has seen substantial growth in recent years, and the underlying management of such services is complex. Although the literature includes operational models to study SDD, they tend to be detailed, complex, and computationally difficult to solve, and thus may not provide any insight into tactical SDD design variables and their impact on the average performance of the system. We propose ...
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作者：Medina, Paolina C.; Negrin, Jose L.
作者单位：Texas A&M University System; Texas A&M University College Station; Mays Business School; Bank of Mexico
摘要：This paper argues that thresholds in financial contracts act as implicit nudges in consumers' decisions. Exploiting a regulatory change to credit card minimum payments in Mexico, we find that a 1-percentage point change in minimum payments leads to a 0.87-percentage point change in actual payments, both expressed as a percentage of total balances. We decompose the effect of minimum payments into a constraining effect and a reference effect. The former captures the effect of minimum payments as...
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作者：Eckbo, B. Espen; Nygaard, Knut; Thorburn, Karin S.
作者单位：Dartmouth College; Norwegian School of Economics (NHH); European Corporate Governance Institute; Oslo Metropolitan University (OsloMet); Centre for Economic Policy Research - UK
摘要：We highlight the complexities in estimating the valuation effects of board gender quotas by critically revisiting studies of Norway???s pioneering board gender-quota law. We use the short-run event study of Ahern and Dittmar [Ahern KR, Dittmar A (2012) The changing of the boards: The impact on firm valuation of mandated female board representation. Quart. J. Econom. 127(1):137???197] to illustrate (1) the difficulties in attributing quota-related news to specific dates, (2) the need to account...
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作者：Greene, Daniel; Shenoy, Jaideep
作者单位：Clemson University; University of Connecticut
摘要：We exploit the staggered passage of state-level fair-employment laws in the post-World War II period to examine how stronger worker protection against racial discrimination affects firm profitability and financing decisions. We find that firms experience a decline in operating profitability after the passage of anti-discrimination laws. We also document that the adoption of these laws leads to a reduction in debt ratios, which suggests that firms are able to partially offset the negative effec...
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作者：Bu, Jinzhi; Simchi-Levi, David; Xu, Yunzong
作者单位：Hong Kong Polytechnic University; Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT)
摘要：This paper investigates the impact of pre-existing offline data on online learning in the context of dynamic pricing. We study a single-product dynamic pricing problem over a selling horizon of T periods. The demand in each period is determined by the price of the product according to a linear demand model with unknown parameters. We assume that before the start of the selling horizon, the seller already has some pre-existing offline data. The offline data set contains n samples, each of which...
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作者：Liu, Xiaoyan; Schmidt, William
作者单位：Santa Clara University; Cornell University
摘要：Practitioners and academics alike have argued that a firm's interest in its short-term capital market valuation (short-termism) is harmful to the firm's long-term profit. Their argument is intuitive-when a firm exhibits short-termism, its decision making will cater to the short termat the expense of the long term. Some practitioners claim that the adverse effects of increased short-termism become particularly acute in competitive markets. However, there is little academic research that examine...
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作者：Lo, Desmond (Ho-Fu); Brahm, Francisco; Dessein, Wouter; Minami, Chieko
作者单位：Santa Clara University; University of London; London Business School; Columbia University; Kobe University
摘要：How does task expertise affect the allocation of attention? Our theory argues that when attention is scarce, expertise and attention are complements: A manager optimally focuses her attention on tasks in which she has relatively more expertise; she manages with style. In contrast, when attention is abundant, attention and expertise become substitutes: A manager shifts her attention toward tasks in which she has less expertise; she manages against her style. Using microlevel data on managers fr...
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作者：Gao, Fei; Souza, Gilvan C.
作者单位：Indiana University System; IU Kelley School of Business; Indiana University Bloomington
摘要：In this paper, we model a firm that can reduce its carbon footprint in the presence of a segment of eco-conscious consumers, who consider the product's carbon footprint when making purchasing decisions. The firm can reduce its controllable emissions at increased fixed and variable costs. The firm can also buy carbon offsets, at the price set by a nongovernmental organization (NGO), for both its controllable and uncontrollable emissions in the supply chain. We find that the firm should not use ...
