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作者：Qiu, Zhigang; Wang, Ziyue
作者单位：Renmin University of China; Renmin University of China; Dongbei University of Finance & Economics
摘要：We analyze the optimal boundary for open data in an economy where financial and real-sector participants access both open and private data. The distinctive features of open access and nonrivalrous usage of open data enable its dual roles as a public information source and innovation input but raise privacy concerns. Our model reveals a novel tradeoff: Although enhanced private data precision and data skills substitute for open data's information source role, its ability to amplify innovation b...
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作者：Markou, Panos; Chan, Tian Heong
作者单位：University of Virginia; Emory University
摘要：Complex and important decisions are often made with advice from a committee of experts. But how do a committee's rules of engagement affect the way individuals discuss, how they vote, and ultimately the quality of their collective recommendation? Compiling verbatim transcripts from U.S. Food and Drug Administration advisory committee meetings, we study how a 2007 switch from sequential to simultaneous voting procedures changed discussions, information exchange, and decision making. Consistent ...
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作者：Nageswaran, Leela; Kan, Yu (Rain); Ananthakrishnan, Uttara M.
作者单位：University of Washington; University of Washington Seattle; Indiana University System; IU Kelley School of Business; Indiana University Bloomington; University of Washington; University of Washington Seattle
摘要：E-commerce retailers often need to make inventory decisions for new products under high uncertainty. We study a new business practice of using crowdvoting, wherein a retailer first seeks input from customers on the desirability of the product and then bases the purchasing decision on their votes. We collaborated with a subscription-based apparel rental platform and obtained a proprietary data set comprising the platform's products and users. We leverage the staggered introduction of crowdvotin...
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作者：Brancati, Emanuele; Minetti, Raoul; Zhu, Susan Chun
作者单位：Sapienza University Rome; Michigan State University
摘要：We study the influence of supply chains on the transmission of financial shocks to firms' innovation. Using matched Italian firm-bank data over the 2007-2017 period, we find that firms' engagement in supply chains enhanced the resilience of innovation activities to the banking shock caused by the twin financial crises (Great Financial Crisis and sovereign debt crisis). The results suggest that, amid the banking shock, supply chains facilitated purchases of innovative intermediates through trad...
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作者：Chen, Qi; Corona, Carlos; Zhang, Yun
作者单位：Duke University; University System of Ohio; Ohio State University; George Washington University
摘要：Firm disclosures are mostly unstructured and textual, imposing substantial processing costs on investors. We examine firms' incentives to enhance the accessibility of these disclosures by expending resources to make them easier for investors to process. We show that an equilibrium with a positive supply of accessibility can be difficult to sustain-even though investors view accessibility as a favorable signal of firm productivity. We further explore how the supply of accessibility interacts wi...
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作者：Carrera, Clara; Martinez-de-Albeniz, Victor; Sosa, Manuel E.
作者单位：University of Navarra; IESE Business School; INSEAD Business School
摘要：The value derived from hedonic goods is affected by reference effects at the time of consumption, usually in the form of quality standards. Consumption typically involves two steps: First, the consumer chooses a given good, among a pool of available choices; then, the consumer experiences the good and derives a satisfaction from it. Between both steps, consumers might build expectations about the good that might affect the ultimate realized utility. We investigate the role of quality reference...
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作者：Flicker, Blair
作者单位：University of South Carolina System; University of South Carolina Columbia
摘要：Work is increasingly being completed by humans and algorithms in collaboration. A relative strength of humans in this partnership is their insight: private information that is relevant to the task but not available to computerized systems. I introduce a flexible model of managerial insight that accepts any distribution of demand, an advantage over alternative models, and apply it to the newsvendor setting. The optimal policy in this setting is theoretically straightforward but difficult for ma...
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作者：Weber, Thomas A.
作者单位：Swiss Federal Institutes of Technology Domain; Ecole Polytechnique Federale de Lausanne
摘要：For a general multicriteria decision problem with linear scalarization and unknown weights, we propose relatively robust decisions, which are Pareto-efficient and at the same time maximize a performance index. The latter measures the worst-case ratio, attained by the weighted objective relative to its maximum value, with respect to all possible weights. The main results include a simple boundary representation of the performance index as the minimum of criterion-specific performance ratios, an...
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作者：Yu, Yifan; Xue, Wendao; Jia, Lin; Tan, Yong
作者单位：University of Texas System; University of Texas Austin; Beijing Institute of Technology; Beijing Institute of Technology; University of Washington; University of Washington Seattle
摘要：When organizations adopt artificial intelligence (AI) to recognize individuals' negative emotions and accordingly allocate limited resources, strategic users are incentivized to game the system by misrepresenting their emotions. The value of AI in automating such emotion-driven allocation may be undermined by gaming behavior, algorithmic noise in emotion detection, and the spillover effect of negative emotions. We develop a gametheoretical model to understand emotion AI adoption, particularly ...
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作者：Hakimov, Rustamdjan; Raghavan, Madhav
作者单位：University of Lausanne
摘要：Students participating in centralized admissions procedures do not typically have access to the information used to determine their matched school, such as other students' preferences or school priorities. This can lead to doubts about whether their matches were computed correctly (the verifiability problem) or, at a deeper level, whether the promised admissions procedure was even used (the transparency problem). In a model that spans many popular applications, we show how these problems can b...
