I/B/E/S removes 6% of one-quarter-ahead earnings forecasts from the calculation of the consensus forecast. This study examines managers' role in these removals. We show optimistic forecasts are removed more often than pessimistic forecasts, after controlling for removal policies that I/B/E/S...

We provide a technique for constructing optimal multiattribute screening contracts in a general setting with one-dimensional types based on necessary optimality conditions. Our approach allows for type-dependent participation constraints and arbitrary risk profiles. As an example we discuss...

Consensus estimates, formed by taking an average of analyst forecasts, play an important role in capital markets (e.g., provide investors with a proxy for earnings expectations). We show I/B/E/S, a prominent information intermediary, removes 6% of one-quarter-ahead earnings forecasts before...

We investigate the incentives for capacity investments in a simple strategic dynamic model with random demand growth. We construct non-collusive Markovian equilibria where the firms' decisions depend on the current capacity stock only. The firms maintain small reserve margins and high market...

We model a market, such as an online software market, in which an intermediary connects sellers and buyers by displaying sellers' products. With two vertically-differentiated products, an intermediary can place either: (1) one product, not necessarily the better one, on the first page, and the...

Purpose: This research aims to develop a dynamic and self-regulated application that considers demand forecasts, based on linear regression as a basic algorithm for machine learning. Methodology: This research uses aggregate planning and machine learning along with inventory policies through the...

Informationen gewinnen als betriebliche Ressource eine immer größer werdende Bedeutung. Daraus ergibt sich für das Management einer Organisation die Herausforderung, organisationale Strukturen zu gestalten, die dieser zunehmenden Bedeutung Rechnung tragen, um somit diese Ressource erfolgreich...