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A new Information Aggregation Mechanism (IAM), developed via laboratory experimental methods, is implemented inside … to collect and quantize as probability distributions dispersed, subjectively held information. IAM participants …' incentives support timely information revelation and the emergence of consensus beliefs over future outcomes. Empirical tests …
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I examine the effect of strategic competition on management sales forecast bias. Strategic complement firms react to a … rival’s action by moving in the same direction (e.g., increasing their own sales in response to a rival’s sales increase … firms will issue pessimistic sales forecasts (i.e., behave less aggressively) and strategic substitute firms will issue …
Persistent link: https://www.econbiz.de/10014260969
using time series aggregation as an additional regressor. To address the lack of sales coherence within predefined business … sales history to establish more coherent aggregation clusters. We conduct a comprehensive case study featuring over 3000 … forecasting models for time series characterized by intermittent demand and high variations in sales quantity through the …
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satisficing is not possible, sales choices, point beliefs, or aspiration levels have to be adapted. This allows us to investigate …, participants are free to select non-satisficing sales profiles. The results reveal that most participants are satisficers who tend …
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competition between the two channels, the paper uses a two step approach. First, it fits hedonic regressions for the prices paid …
Persistent link: https://www.econbiz.de/10012470369