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作者：Tucker-Foltz, Jamie; Zeckhauser, Richard
作者单位：Harvard University; Harvard University
摘要：We study the classic divide-and-choose method for equitably allocating divisible goods between two players who are rational, self-interested Bayesian agents. The players have additive values for the goods. The prior distributions of those values are common knowledge. We consider both the cases of independent values and values that are correlated across players (as occurs when there is a common-value component). We describe the structure of optimal divisions in the divide-and-choose game and id...
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作者：Hoang, Daniel; Gatzer, Sebastian; Ruckes, Martin
作者单位：University Hohenheim; Helmholtz Association; Karlsruhe Institute of Technology
摘要：We analyze a unique chief financial officer (CFO) survey data set to examine capital allocation in firms. Top management is aware of agency and information problems at the divisional level and organizes the budgeting process to counteract managerial opportunism, employing systems of interconnected measures, including layers of approval, divisional budgets, reporting requirements, and compensation schemes. When making funding decisions, top management relies heavily on top-level nonfinancial in...
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作者：Liu, Tialu; Pei, Siqi; Zhang, Xiaoquan (Michael)
作者单位：Shanghai Jiao Tong University; Shanghai University of Finance & Economics; Chinese University of Hong Kong
摘要：This article may be used only for the purposes of research, teaching, and/or private study. Commercial use or systematic downloading (by robots or other automatic processes) is prohibited without explicit Publisher approval, unless otherwise noted. For more information, contact permissions@informs.org. The Publisher does not warrant or guarantee the article's accuracy, completeness, merchantability, fitness inclusion of an advertisement in this article, neither constitutes nor implies a guaran...
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作者：Zhou, Wei; Lin, Mingfeng; Xiao, Mo; Fang, Lu
作者单位：University of Arizona; University System of Georgia; Georgia Institute of Technology; Zhejiang University
摘要：On decentralized e-commerce platforms, search algorithms play a critical role in matching buyers and sellers. A typical search algorithm routinely refines and improves its catalog of data to increase search precision, but the effects of a more precise search are little known. We evaluate such effects via a 2019 quasiexperiment on a world-leading e-commerce platform in which the search algorithm refined some product categories into finer subgroups to allocate consumer queries to more relevant p...
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作者：Chen, Yangyang; Ofosu, Emmanuel; O'Sullivan, Don; Veeraraghavan, Madhu; Zolotoy, Leon
作者单位：City University of Hong Kong; Lingnan University; University of Melbourne; Manipal Academy of Higher Education (MAHE)
摘要：Ofosu, Don O'Sullivan, Madhu Veeraraghavan, Leon Zolotoy (2024) Rank-and-File Workplace Safety. Management Science
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作者：Huang, Rongyi; Lai, Guoming; Wang, Xiaofang; Xiao, Wenqiang
作者单位：Fuzhou University; University of Texas System; University of Texas Austin; Renmin University of China; New York University
摘要：We study platform financing in comparison with trade credit for lending to third-party sellers, considering scenarios where default risk is driven by external factors (exogenous) or influenced by the parties' decisions (endogenous). Our findings indicate that under exogenous default risk, although platform financing exposes the platform to the seller's default risk, it can enhance the seller's sales by providing low-rate finance and reducing the wholesale price because the supplier remains iso...
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作者：Shu, Chong
作者单位：Utah System of Higher Education; University of Utah
摘要：Most research on systemic stability assumes an economy where banks are subject to exogenous shocks. However, in practice, banks choose their exposure to risk. I show that there exists a network risk-taking externality: the risk exposure choices made by connected banks are strategically complementary. Banks within financial networks, especially densely connected ones, become endogenously exposed to excessive risks. The theory offers several novel perspectives on policy debates. For instance, it...
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作者：Tantri, Prasanna
作者单位：Indian School of Business (ISB)
摘要：I study the impact of the world's largest publicly funded health insurance plan for the poor on credit markets. India launched a health insurance plan that covered 500 million beneficiaries. The fact that opposition-ruled states did not implement the program for political reasons allows me to compare border districts of implemented and nonimplemented states within a difference-in-differences framework. I find that loan delinquency reduced significantly in implemented districts. Increased liqui...
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作者：Kuhn, Peter; Yu, Lizi
作者单位：University of California System; University of California Santa Barbara; University of Queensland
摘要：Piecewise-linear reward schemes are very common in workplaces; by definition, they divide the set of possible performance levels into disjoint intervals that could have psychological value to workers. When these schemes take the form of lump-sum bonuses, any psychological rewards associated with attaining a performance interval are hard to distinguish from material ones because both material and psychological incentives predict bunching at the output needed to earn the bonus. To disentangle th...
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作者：Sturt, Bradley
作者单位：University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital
摘要：We study a class of robust assortment optimization problems that was proposed by Farias et al. [Farias VF, Jagabathula S, Shah D (2013) A nonparametric approach to modeling choice with limited data. Management Sci. 59(2):305-322]. The goal in these problems is to find an assortment that maximizes a firm's worst-case expected revenue under all ranking-based choice models that are consistent with the historical sales data generated by the firm's past assortments. We establish for various setting...
