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We report on a field study demonstrating systematic differences between the preferences people anticipate they will have over a series of options in the future and their subsequent revealed preferences over those options. Using a novel panel data set, we analyze the film rental and return...
Persistent link: https://www.econbiz.de/10005754958
We report on a field study demonstrating systematic differences between the preferences people anticipate they will have over a series of options in the future and their subsequent revealed preferences over those options. Using a novel panel data set, we analyze the film rental and return...
Persistent link: https://www.econbiz.de/10009209058
The notion of choice inconsistency is widely spread in the literature on behavioral economics. Several approaches were used to account for the observation that people reverse their choices over time. This paper aims to explain the formation of resolutions regarded as internal self-binding...
Persistent link: https://www.econbiz.de/10004964132
An effective leader must have a clear vision and a strong will to stand by it, even in turbulent times. At the same time, though, it is also equally important to be open-minded and flexible enough to respond objectively to new information without being prejudiced by prior information. This paper...
Persistent link: https://www.econbiz.de/10005558188
Loewenstein (1996, 2005) identifies an intrapersonal empathy gap. In the respective experiments, subjects make choices with delayed consequences. When entering the state where these consequences would unfold, they get the possibility to revise their initial choice. Revisions are more substantial...
Persistent link: https://www.econbiz.de/10008913270
This paper discusses the way that different operational characteristics including existing capacity, scale economies, and production policy have an important influence on the capacity outcomes when firms compete in the market place. We formulate a game-theoretical model where each firm has an...
Persistent link: https://www.econbiz.de/10011097740
In this article the results of a comprehensive empirical study of 1,200 Polish online stores are presented. It was focused on elements that affect the lead time: information about the availability of goods, about the exact stocks and about the declared delivery time. The significant differences...
Persistent link: https://www.econbiz.de/10011260499
The purpose of the study was to investigate the role of effective buyer supplier relationship on supply chain performance in Kenya. The study objectives were to identify how lead time, quality, cost and employee morale affects effective buyer supplier relationship on supply chain performance in...
Persistent link: https://www.econbiz.de/10011261819
We develop a deterministic optimization model that incorporates carbon emissions in a multi-echelon production-inventory model with lead time constraints. We impose that each customer order must be delivered within the due date fixed by the customer. The quantity that cannot be delivered on time...
Persistent link: https://www.econbiz.de/10011263656
We consider a decentralized supply chain consisting of a supplier and a retailer facing price- and lead-time-sensitive demand. The decision process is modelled by a Stackelberg game where the supplier, as a leader, determines the capacity and the wholesale price, and the retailer, as a follower,...
Persistent link: https://www.econbiz.de/10011263665