This paper studies the design of procurement mechanisms when a manufacturer purchases from multiple suppliers that are heterogeneous in their production costs and salvage values. The option to purchase from different suppliers helps the manufacturer hedge against demand risk. The authors first consider the case when the set of suppliers' ...Download Now
The use of H-1B and other work visas to hire foreign Information Technology (IT) professionals in the United States has attracted significant controversy and policy debates. On one hand, hiring high-skill foreign IT professionals on work visas can be advantageous for U.S. firms and the overall economy. On the other ...Download Now
This paper extends the scanner-based choice literature by explicitly incorporating individual-level brand-preference data. The authors illustrate this model using a unique data set that combines survey and scanner data collected from the same individuals. The addition of individual-specific brand-preference information significantly improves fit and prediction. Furthermore, this "observed" heterogeneity better ...Download Now
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