We develop an incentive-aligned experimental paradigm to study how consumer purchase dynamics are affected by the interplay between the loyalty programs and the pricing and promotional strategies of competing firms. In our experiment, subjects made sequential choices between two competing...

We examine the interactions between business failures and macroeconomic aggregates, and specifically the accounts of policy-induced changes in the macroeconomy for the observed fluctuations of UK business failures in the period 1966-2003 using the vector error-correction model (VECM). The...

This paper examines whether sell-side analysts struggle to cope with macroeconomic uncertainty. We find that analysts issue more accurate earnings forecasts when facing higher economic policy uncertainty, which conflicts with the conclusions in the US. We provide a novel explanation for this...

We extend Latent Dirichlet Allocation (LDA) by introducing a topic model, Hierarchically Dual Latent Dirichlet Allocation (HDLDA), for contexts in which one type of documents (e.g., search queries) are semantically related to another type of documents (e.g., search results). In the context of...

We explore how consumers form online search queries, given their content preferences. In particular, we explore the role of activation probabilities from queries to results, i.e., the probability that a certain query will retrieve certain content. Using secondary data from Google, we first show...

We develop a flexible content-based search model that links the content preferences of search engine users to query search volume and click-through rates. Content preferences are defined over latent topics that describe the content of search queries and search result descriptions. Moreover, our...

We empirically investigate consumer dynamics within a revenue-based loyalty program in which members are rewarded based on their accumulated spending. We study the impact of four program design features on member purchase behavior, including membership requirements, nonlinear point redemption...

This paper proposes a color picture encryption algorithm with pixel restructuring and quick diffusion to coexist the security and operational efficiency of the image encryption system. The algorithm employs a four-dimensional hyperchaotic system to decompose the pixels of a color image's three...

The pore strategy is the most important factor affecting the biomedical porous scaffold at the same porosity. In this work, porous scaffolds were designed by adjusting the size of the structure units and the introduction of gradient functions based on triply periodic minimal surfaces structure...