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This paper designs a dynamic allocation and pricing mechanism for an on-demand platform that can provide individual or shared services. Time-sensitive customers arrive stochastically onto the platform with heterogenous willingness to pay. The mechanism optimizes at what time, to which customers...
Persistent link: https://www.econbiz.de/10014032815
In this paper, we investigate how automation alters decision-making responsibilities of mid- and upper-level managers within organizations. We develop a theoretical model of a firm with three organizational layers and two divisions. The firm is managed by an executive (principal); divisions are...
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Purpose – The concept of sustainable development is now widely accepted as a means of protecting natural resources and cultural heritage. One approach to ensuring sustainability, especially in relation to cultural tourism, is the ecomuseum. Turkey has considerable potential to develop...
Persistent link: https://www.econbiz.de/10014847941
This paper studies welfare maximizing allocation of indivisible objects to ex-ante identical agents in the absence of monetary transfers. The agents, each with a unit demand, share a common ranking of the objects, and are privately informed about their own valuations. The structure of the...
Persistent link: https://www.econbiz.de/10014098827
This paper studies an information design problem in a sequential consumer search environment. Consumers, whose valuation of firm's products is uncertain, observe a noisy signal about the valuation upon being matched with a firm. The goal is to characterize those signal structures that maximize...
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