ERN: Other IO: Empirical Studies of Firms & Markets (Topic)最新文献_第8页

Input Reallocation within Firms 企业内部的投入再分配

ERN: Other IO: Empirical Studies of Firms & Markets (Topic) Pub Date : 2016-07-01 DOI: 10.2139/ssrn.2810964

H. Vandenbussche, Christian Viegelahn

引用次数: 6

Firm Lifecycles: Linking Employee Incentives and Firm Growth Dynamics 企业生命周期:连结员工激励与企业成长动力

ERN: Other IO: Empirical Studies of Firms & Markets (Topic) Pub Date : 2016-06-01 DOI: 10.2139/ssrn.2572709

V. M. Bennett, Daniel A. Levinthal

引用次数: 33

An Efficient Algorithm for Dynamic Pricing Using a Graphical Representation 一种高效的图形化动态定价算法

ERN: Other IO: Empirical Studies of Firms & Markets (Topic) Pub Date : 2016-04-28 DOI: 10.2139/ssrn.2772231

Maxime C. Cohen, Swati Gupta, Jeremy J. Kalas, G. Perakis

{"title":"An Efficient Algorithm for Dynamic Pricing Using a Graphical Representation","authors":"Maxime C. Cohen, Swati Gupta, Jeremy J. Kalas, G. Perakis","doi":"10.2139/ssrn.2772231","DOIUrl":"https://doi.org/10.2139/ssrn.2772231","url":null,"abstract":"We study a multi-period, multi-item dynamic pricing problem faced by a retailer. The objective is to maximize the total profit by choosing optimal prices while satisfying several important practical business rules. The strength of our work lies in a graphical model reformulation we introduce, which can be used to solve the problem, while providing access to a whole range of ideas from combinatorial optimization. Contrasting to previous literature, we do not make any assumptions on the structure of the demand functions. The complexity of our method depends linearly on the number of time periods but is exponential in the memory of the model (number of past prices that affect the current demand) and in the number of items. Consequently for problems with large memory, we show that the profit maximization problem is NP-hard by presenting a reduction from the Traveling Salesman Problem. We then approximate general demand functions using the commonly used reference price model that accounts for an exponentially smoothed contribution of all the past prices. For the reference price model, we develop a (1 $epsilon$)-approximation with low runtimes. We extend the reference price model to handle cross-item effects among multiple items using the notion of a virtual reference price. To allow for scalability of our approach, we cluster the items into blocks, and show how to adapt our methods to incorporate global business constraints. Finally, we apply our solution approaches using demand models calibrated by supermarket data, and show that we can solve realistic size instances in a few minutes.","PeriodicalId":11837,"journal":{"name":"ERN: Other IO: Empirical Studies of Firms & Markets (Topic)","volume":"114 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2016-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85065410","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 12

Quantity Discounts and Capital Misallocation in Vertical Relationships: The Case of Aircraft and Airline Industries 垂直关系中的数量折扣和资本错配:以飞机和航空业为例

ERN: Other IO: Empirical Studies of Firms & Markets (Topic) Pub Date : 2016-02-29 DOI: 10.2139/ssrn.2739658

Ken Onishi

{"title":"Quantity Discounts and Capital Misallocation in Vertical Relationships: The Case of Aircraft and Airline Industries","authors":"Ken Onishi","doi":"10.2139/ssrn.2739658","DOIUrl":"https://doi.org/10.2139/ssrn.2739658","url":null,"abstract":"I study transactions between aircraft manufacturers and airlines as well as airlines’ utilization of their fleet. Aircraft production is characterized by economies of scale via learningby-doing, which creates a trade-off between current profit and future competitive advantage in the aircraft market. The latter consideration makes large buyers more attractive than small buyers and induces quantity discounts. The resulting nonlinear pricing strategy may distort both production and allocation in favor of large buyers. There is a negative correlation between the size of aircraft orders and the per-unit price. There is also a positive correlation between the price paid and the utilization rate of the aircraft model, which suggests that the manufacturers’ price discrimination leads to the misallocation of aircraft. To assess whether there is an inefficient allocation, I model the market and show that price discrimination by upstream firms may lead to an inefficient outcome compared with uniform pricing. Then, I construct and estimate a dynamic model of the aircraft market that includes a model of utilization. Finally, I conduct counterfactual simulations using the estimated parameters. I find that uniform pricing increases aircraft production by 10% and total welfare by 1.6%. ∗I am extremely thankful to Igal Hendel, David Besanko, Aviv Nevo, Rob Porter and seminar participants at Northwestern University for their valuable comments and suggestions. †Northwestern University, Department of Economics. email: onishi@u.northwestern.edu","PeriodicalId":11837,"journal":{"name":"ERN: Other IO: Empirical Studies of Firms & Markets (Topic)","volume":"36 4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2016-02-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84152007","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

Information Disclosure, Product Market Competition, and Firm Value 信息披露、产品市场竞争与企业价值

ERN: Other IO: Empirical Studies of Firms & Markets (Topic) Pub Date : 2016-01-19 DOI: 10.2139/ssrn.2717997

Kung‐Cheng Ho, Shih‐Cheng Lee, Chien-ting Lin, Lee-Hsien Pan

引用次数: 3

Does Product Market Competition Influence Analyst Coverage and Analyst Career Success? 产品市场竞争是否影响分析师覆盖率和分析师职业成功?

ERN: Other IO: Empirical Studies of Firms & Markets (Topic) Pub Date : 2015-12-02 DOI: 10.2139/ssrn.2698331

Charles Hsu, Xi Li, Zhiming Ma, G. Phillips

引用次数: 13

Markups and Misallocation with Trade and Heterogeneous Firms 贸易和异质企业的加价和错配

ERN: Other IO: Empirical Studies of Firms & Markets (Topic) Pub Date : 2015-09-01 DOI: 10.24149/gwp251

Ariel Weinberger

引用次数: 8

Customer-Base Concentration, Profitability and the Relationship Life Cycle 客户基础集中度、盈利能力和关系生命周期

ERN: Other IO: Empirical Studies of Firms & Markets (Topic) Pub Date : 2015-07-30 DOI: 10.2139/ssrn.2347095

Paul Irvine, Shawn Saeyeul Park, Celim Yildizhan

引用次数: 179

Entry of Non-Financial Firms and Competition in the Retail Payments Market 非金融企业的进入与零售支付市场的竞争

ERN: Other IO: Empirical Studies of Firms & Markets (Topic) Pub Date : 2015-07-06 DOI: 10.2139/ssrn.2628481

Jooyong Jun

{"title":"Entry of Non-Financial Firms and Competition in the Retail Payments Market","authors":"Jooyong Jun","doi":"10.2139/ssrn.2628481","DOIUrl":"https://doi.org/10.2139/ssrn.2628481","url":null,"abstract":"We investigate the effects of a non-financial firm’s entry on competition in the retail payments market, from the perspective of duopoly between an incumbent and an entrant in conditions of vertical restraints. Considering the cross-platform externalities in payment processing, differentiated preferences for payment platforms, and competitive bottleneck on the consumer side, we derive the following results. When only the entry of a vertically integrated (or end-to-end service) provider is allowed, either all merchants choose to multi-home or no entry occurs, regardless of the regulatory requirement. On the other hand, if the entry of a downstream-only (or front-end service) provider is possible, a partial multi-homing equilibrium result can emerge for some conditions under which the entry of an end-to-end service provider does not occur. In addition, due to the lowered entry cost, the overall welfare is greater when the entry of downstream-only service is possible although the entire increase in welfare goes to the entrant. Without regulation, however, the vertically integrated incumbent does not voluntarily provide the back-end service to the entrant when the merchant’s benefit from the payments service is not sufficiently high. It suggests the need for proper regulatory measures to reach a socially desirable outcome from the new entry in the retail payments market.","PeriodicalId":11837,"journal":{"name":"ERN: Other IO: Empirical Studies of Firms & Markets (Topic)","volume":"95 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2015-07-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83720021","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Cross-Border Financing by the Industrial Sector Increases Competition in the Domestic Banking Sector 工业部门的跨境融资加剧了国内银行业的竞争

ERN: Other IO: Empirical Studies of Firms & Markets (Topic) Pub Date : 2015-07-01 DOI: 10.2308/ACCR-51199

Sudarshan Jayaraman, S. Kothari

引用次数: 6