We consider a two-tier inventory management system with one retailer and one supplier. Theretailer serves a demand driven by a stationary moving average process (of possibly in nite order) and places periodic inventory replenishment orders to the supplier. In this setting, we study the interplay...

Crises, such as earthquakes and pandemics, heighten the demand for public good, including fund, blood, and increasingly digital public good, such as personal location data. While theories and anecdotal evidence suggest that individuals might increase private provision of digital public good...

Since the early 1990's the growth rates of the four largest European economies — France, Germany, Italy, and the United Kingdom — have slowed. This persistent slowdown suggests a low-frequency structural change is at work. A combination of longer individual life expectancy and declining...

The prevalence of e-commerce has made detailed customers’ personal information readily accessible to retailers, and this information has been widely used in pricing decisions. When involving personalized information, how to protect the privacy of such information becomes a critical issue in...

Many successful recommendation approaches rely on the optimization of a single objective function for a single stakeholder (i.e., the customer) based on customer-product interaction records. In this paper, we argue that for two-sided marketplaces such as music streaming platforms, it is more...

I propose and test a new explanation for the pre-FOMC announcement drift puzzle. I show that such a drift arises in a model where investors interpret a given FOMC action based on recent news. If recent news has been good, FOMC announcements are seen as signals about economic conditions; if...

We consider a platform’s problem of how to staff its operations given the possibilities of hiring employees and setting up a contractor marketplace. We aim to understand the operational difference between using contractors and using employees, as well as the potential for using a hybrid...

This paper explores how technology adoption can shape local innovative activity in the context of the early 20th century rollout of airmail in the United States. Our theoretical framework highlights the mechanism of technological feedback and market incentives through which technology adoption...

By lowering transaction costs, digital platforms may foster complementary dynamics across offerings that compete in other settings. In a study of the Spotify music streaming platform, I study the effect of peer expansion on provider performance and consider when demand spillovers outweigh...

Standard search models assume that consumers actively decide on the order, identity, and number of products they search. We document that online, a large fraction of searches happen in a more passive manner, with consumers merely reacting to online advertisements that do not allow them to choose...