We study how daily labor supply responds to unanticipated earnings shocks among Singapore's taxi drivers using a novel identification strategy that makes use of idiosyncratic variation in booking cancellations and passenger no-shows (CNS) that drivers repeatedly receive. The results provide new...

Peer-to-peer (P2P) sharing marketplaces enable sharing of idle resources. When a renter requests an owner's resource, the owner needs to decide whether to accept the request: accepting it helps him fill up the idle periods of the resource and generate a payoff, but reduces the flexibility to...

Seeded marketing campaigns (SMCs) involve firms sending product samples to selected customers and encouraging them to spread word of mouth (WOM). Prior research has examined certain aspects of this increasingly popular form of marketing communication, such as seeding strategies and their...

How should an investor unwind a portfolio in the face of recurring and uncertain liquidity needs? We propose a model of portfolio liquidation in two periods to investigate this question, initially posed by Myron Scholes following the fall of Long Term Capital Management. We show that when the...

How should an investor unwind a portfolio in the face of recurring and uncertain liquidity needs? We propose a model of portfolio liquidation in two periods to investigate this question, initially posed by Myron Scholes following the fall of Long Term Capital Management. We show that when the...

How frequent are large disagreements in human judgment? The substantial literature relating to expert assessments of real-valued quantities and their aggregation almost universally assumes that errors follow a jointly normal distribution. We investigate this question empirically using 17...

In user-generated content (UGC) platforms, content generators (i.e., posters) account for only a minority of users. The majority of users lurk, participating in information diffusion only (i.e., diffusers) and making no direct contributions to the platforms. In this paper, we study diffusers'...

Nonprofit firms sometimes engage in for-profit activities for the purpose of generating revenue to subsidize their mission activities. The organization is then confronted with a consumption vs. investment tradeoff, where investment corresponds to providing capacity for revenue customers, and...