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Booking in the rain : testing the impact of public information on prices

Figini, Paolo; Cicognani, Simona; Zirulia, Lorenzo - 2019

The key role played by public information in market economies is paramount. Yet, investigation on how prices are affected is hindered by intricate endogeneity and parametrization issues. This paper contributes to the literature by identifying and studying a case where public information is...

Persistent link: https://www.econbiz.de/10012120601

Advertising strategy in the presence of reviews : an empirical analysis

Hollenbeck, Brett; Moorthy, Sridhar; Proserpio, Davide - 2017

TripAdvisor reviews with other datasets describing these hotels' advertising expenditures, we show, first, that online ratings … have a causal demand-side effect on ad spending. Second, this effect is negative: hotels with higher ratings spend less on … advertising than hotels with lower ratings. This suggests that hotels treat TripAdvisor ratings and advertising spending as …

Persistent link: https://www.econbiz.de/10011897809

Analytic decision rules for financial stochastic programs

Siegmann, Adriaan Hendrik; Lucas, André - 2000 - This version: May 1, 2000

Contemporary financial stochastic programs typically involve a trade-offbetween return and (downside)-risk. Using stochastic programming we characterize analytically (rather than numerically) the optimal decisions that follow from characteristic single-stage and multi-stage versions of such...

Persistent link: https://www.econbiz.de/10011303296

Exact robust counterparts of ambiguous stochastic constraints under mean and dispersion information

Postek, Krzysztof Stanisław; Ben-Tal, Aharon; Hertog, … - 2015

Persistent link: https://www.econbiz.de/10011350018

Short-term risk management for electricity retailers under rising shares of decentralized solar generation

Russo, Marianna; Kraft, Emil; Bertsch, Valentin; Keles, … - 2021

Electricity retailers face increasing uncertainty due to the ongoing expansion of unpredictable, distributed generation in the residential sector. We analyze how increasing levels of households' solar PV self-generation affect the short-term decisionmaking and associated risk exposure of...

Persistent link: https://www.econbiz.de/10012581308