SCHOLARLY ARTICLES
-
Dynamic Pricing for Two-Sided Marketplaces with Offer Expiration
We consider a two-sided marketplace in which a market operator sells services to clients and buys services from vendors. The market operator determines the prices dynamically for both clients and vendors. Services are transacted in discrete units called jobs, and the jobs are characterized by their types, service deadlines, client prices, and vendor prices. Jobs are submitted by clients to the marketplace, and the market operator then lists the available jobs. Vendors can view the available jobs
-
The 2003 U.S. Dividend Tax Cut, Small Business Loan Supply, and the Real Economy
This paper examines the credit supply-side effect of the U.S. 2003 dividend tax cut on the real economy through the banking sector. We show that C-corporation banks (treatment group), particularly those capital-constrained, increase the supply of small business loans more than S-subchapter banks (control group) following the tax cut, aligning with the old view of dividend taxation and the supply-side effect rooted in credit rationing. Such an enhanced small business loan supply stemming fro
-
Data-Driven Asset Selling
Online asset-selling businesses, such as used cars and real estate platforms, have experienced remarkable growth in recent years. Unlike general retail operations, which make decisions at the stock-keeping unit level, asset selling operates at the individual unit asset level. Practical operational constraints (e.g., infrequent price adjustments within a limited timeframe) set asset-selling platforms apart from general retail. Further complicating decision-making are real-world uncertainties, suc
-
Second-Order Between-Supplier Learning
Substantial empirical evidence shows that suppliers in emerging economies can enhance their technological capabilities through direct learning from technologically advanced foreign competitors. However, suppliers in emerging markets may struggle to learn directly from knowledge about competitors' products that are not widely available on the consumer market. We draw on insights from existing literature, explorative interviews, and anecdotal evidence to hypothesize that firms may resort to in
-
Nominal rigidities, rational inattention, and the optimal monetary policy
Optimal monetary policy has traditionally assigned greater importance to stabilizing prices in sectors with stickier prices, based on multi-sector models assuming full information or exogenous information frictions. This paper challenges the prevailing policy prescription by introducing rational inattention with endogenous information acquisition. Interestingly, the optimal policy assigns a smaller weight to sectors with stickier prices when the cost of information acquisition is sufficiently hi
-
Multi-Priority Patient Transfer Under Ambulance Offload Delay
Ambulance offload delays occur when emergency medical service (EMS) personnel are unable to promptly transfer patients to overwhelmed emergency departments. These delays postpone necessary care for the patient and hinder the EMS system from attending to new emergencies. This study introduces a real-time multi-priority patient transfer policy aimed at reducing these delays. We model the patient transfer problem as a stochastic dynamic program based on post-decision states, and develop approximate
