Publications
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Dynamic Pricing for Two-Sided Marketplaces with Offer Expiration
We consider a two-sided marketplace in which a market operator sells services to clients and buys services from vendors. The market operator determines the prices dynamically for both clients and vendors. Services are transacted in discrete units called jobs, and the jobs are characterized by their types, service deadlines, client prices, and vendor prices. Jobs are submitted by clients to the marketplace, and the market operator then lists the available jobs. Vendors can view the available jobs
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The 2003 U.S. Dividend Tax Cut, Small Business Loan Supply, and the Real Economy
This paper examines the credit supply-side effect of the U.S. 2003 dividend tax cut on the real economy through the banking sector. We show that C-corporation banks (treatment group), particularly those capital-constrained, increase the supply of small business loans more than S-subchapter banks (control group) following the tax cut, aligning with the old view of dividend taxation and the supply-side effect rooted in credit rationing. Such an enhanced small business loan supply stemming fro
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Data-Driven Asset Selling
Online asset-selling businesses, such as used cars and real estate platforms, have experienced remarkable growth in recent years. Unlike general retail operations, which make decisions at the stock-keeping unit level, asset selling operates at the individual unit asset level. Practical operational constraints (e.g., infrequent price adjustments within a limited timeframe) set asset-selling platforms apart from general retail. Further complicating decision-making are real-world uncertainties, suc
Books View More
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Variable 8: The Era of Aesthetics
The book posits that China has entered the “Era of Aesthetics,” in which consumer demand has shifted from functional satisfaction to aesthetic experience, making “beauty” a core competitive advantage for businesses, cities, and individuals. Drawing on case studies such as selfie culture, the cosmetic surgery industry, product design (e.g., thermos flasks and chain hotels), and community development projects (e.g., Xicun Courtyard in Chengdu, Fuliang in Jingdezhen), the book analyzes how aestheti
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Crossing the Divide: Telling China’s Story in the Evolution of Global Supply Chains
Crossing the Divide: Telling China’s Story in the Evolution of Global Supply Chains focuses on how China has integrated into global supply chains. Drawing on more than thirty case studies of multinational corporations, state-owned enterprises, and private firms, the book examines China’s role in globalized supply chains in the era of Globalization 4.0. It seeks to demonstrate that China’s emergence as a manufacturing powerhouse was not achieved overnight, but rather through incremental accumulat
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Research on Omnichannel Marketing in the Era of Mobile Internet
With the rapid advancement of mobile internet technologies, the channels through which firms interact with consumers have proliferated, fundamentally transforming consumption patterns. Focusing on the emerging trend of omnichannel development in the mobile internet era, this book draws on multiple sources of data—including laboratory experiments, field experiments, and survey data—to present research findings from the perspectives of firms, channel intermediaries, and consumers. Specifically, it
