-
作者：Deshmane, Abhishek; Martinez-de-Albeniz, Victor
作者单位：University System of Georgia; Georgia Institute of Technology; University of Navarra; IESE Business School
摘要：Newly released music is never assessed in isolation by audiences, who tend to compare objective (sonic attributes) and subjective (genre affiliations) elements of its identity with the previous musical catalog of the corresponding artist, his or her musically proximal peers, and the most successful releases in the market. In this paper, we provide a general framework that disentangles the objective and subjective identities of new musical releases and evaluates how differentiation affects audi...
-
作者：Tierney, Ryan; Zhou, Yu
作者单位：University of Southern Denmark; Southern University of Science & Technology; Nagoya University
摘要：We study an auction model for selling multiple heterogeneous objects, in which (i) each agent gets at most one object and has utility functions that accommodate wealth effects, and (ii) prices are adjusted discretely via some prefixed increment. A Walrasian equilibrium may not exist in the discrete price setting. We instead propose a novel equilibrium concept, tight equilibrium, that is compatible with discrete prices. A descending-price auction, requiring only partial demand information and f...
-
作者：Cai, Junhui; Chen, Ran; Wainwright, Martin J.; Zhao, Linda
作者单位：University of Notre Dame; Washington University (WUSTL); Massachusetts Institute of Technology (MIT); Massachusetts Institute of Technology (MIT); University of Pennsylvania
摘要：Key challenges in running a business include deciding which products or services to present to consumers (the assortment problem) and how to price products (the pricing problem) to maximize revenue or profit. Instead of considering these problems isolation, we address assortment-pricing jointly and tackle the intrinsic doubly high dimensionality-both actions and contextual vectors can take continuous value in high dimensional spaces. We propose a doubly high-dimensional contextual bandit model...
-
作者：Lu, Zhikun; Cui, Ruomeng; Sun, Tianshu; Wu, Lixia
作者单位：Emory University
摘要：Last-mile delivery, the most expensive stage of the shipment process, has become increasingly important in online retail, raising the strategic question of whether firms should outsource it to customers via pickup stations or offer home delivery. In this paper, we examine the economic value of last-mile delivery to inform this high-stakes decision. Partnering with Cainiao, Alibaba's logistics platform, we exploit a quasi-experiment where home delivery service was sequentially rolled out to pic...
-
作者：Yuan, Di; Aseri, Manmohan; Ramasubbu, Narayan
作者单位：Auburn University System; Auburn University; University System of Maryland; University of Maryland College Park; Pennsylvania Commonwealth System of Higher Education (PCSHE); University of Pittsburgh
摘要：Seeking value from artificial intelligence (AI) technologies, firms are rapidly deploying them to augment employees and improve business performance. The diffusion of AI into a firm's business processes affords the tracking of task actions performed by high-performing employees and the codification of best practices into recommendation systems and training programs. The rising trend in AI deployment reveals managers' expectations that AI-facilitated knowledge transfer would elevate overall fir...
-
作者：Schnier, Johanna; Raasch, Christina; Schweisfurth, Tim
作者单位：Copenhagen Business School; Bocconi University; Bocconi University; Kuhne Logistics University; Leibniz Association; Institut fur Weltwirtschaft an der Universitat Kiel (IFW); Hamburg University of Technology
摘要：Organizations rely on their employees to produce many high-quality ideas for the improvement of products, processes, and strategies. Evaluators such as managers and technical experts need to not only assess these ideas but also face expectations to contribute ideas of their own. We investigate this task duality by asking how idea evaluation activities affect evaluators' ideation performance. Although much of the creativity and innovation literature points to a crowding-out effect, some theoret...
-
作者：Agarwal, Sumit; Chau, Kwong Wing; Hu, Maggie Rong; Wan, Wayne Xinwei
作者单位：National University of Singapore; University of Hong Kong; City University of New York (CUNY) System; Baruch College (CUNY); Monash University
摘要：Hong Kong introduced a Tobin property tax-the Special Stamp Duty (SSD)- in 2010, which substantially increased the selling costs of short-term residential property holders. This study examines the effectiveness of this Tobin tax in curbing speculation and cooling down the housing market. We find that the SSD effectively curtails flippers who hold homes for less than two years and reduces their market presence from 23.2% in 2009% to 2.4% in 2011 and 0.9% in 2013. However, one year after impleme...
-
作者：Godes, David
作者单位：Johns Hopkins University
摘要：We study the impact of truthful revelation mechanisms, like fact checking, on the incentives for media outlets to produce misinformation. The existing literature suggests that such interventions will always reduce this incentive. In this paper, we consider a context in which consumers benefit both, and to varying degrees, from the truth contained in news reports and from sharing, discussing, and reacting to news stories that, independent of their truthful content, reinforce and enhance their s...
-
作者：Bossaerts, Peter; Fattinger, Felix; Van Den Bogaerde, Frans; Yang, Wenhao
作者单位：University of Cambridge; University of North Carolina; University of North Carolina Charlotte
摘要：A key assumption of dynamic asset pricing theory is that agents have perfect foresight: for all future contingencies, they correctly foresee the corresponding equilibrium prices. Is it possible for prices to still reflect perfect foresight even if agents have imperfect foresight? We answer affirmatively, provided agents exhibit a mild form of narrow framing, which we refer to as dynamic narrow framing: while accounting for future endowments, agents ignore retrading opportunities. This behavior...
-
作者：Zorc, Saga; Chick, Stephen E.; Hasija, Sameer
作者单位：University of Virginia; INSEAD Business School; INSEAD Business School
摘要：Outcomes-based reimbursement rewards health providers with better health outcomes with higher payments. Such reimbursement policies require several design choices, including the type of contract (e.g., capitation or fee-for-service), measure (e.g., population-or provider-level outcomes), and whether to contract with individual providers or larger groups. We explore which outcomes-based reimbursement policies may be vulnerable to potentially illegal collusion, and whether collusion issues can b...
