A ride-hailing platform is an app-based, two-sided platform that matches riders with vehicles via information technology (IT). In 2015, the Shanghai government introduced a policy to restrict taxi …
Banks strategically choose and dynamically restructure deposits and nondeposit debt in response to the minimum requirements on total capital and tangible equity. We derive the optimal strategic lia…
Many sequentially observed functional data objects are available only at the times of certain events. For example, the trajectory of stock prices of companies after their initial public offering (I…
This study examines whether and how an online service marketplace can leverage refund options endorsed by different parties (i.e., the platform or sellers) to address the “lemons” problem that …
Many panel data have the latent subgroup effect on individuals, and it is important to correctly identify these groups since the efficiency of resulting estimators can be improved significantly by …
Various parametric volatility models for financial data have been developed to incorporate high-frequency realized volatilities and better capture market dynamics. However, because high-frequency t…
Emerging autonomous vehicles (AVs) are expected to bring about a revolution in both the automotive industry and transportation systems. Introducing AVs into the existing mobility system with human-…
Problem definition: Qualcomm, the largest cellphone chipmaker in the world, had adopted a cross-licensing agreement with its clients, downstream cellphone manufacturers. It requires cellphone manuf…
Problem definition: Nonstationarity of the random environment is a critical yet challenging concern in decision-making under uncertainty. We illustrate the challenge from the nonstationarity and th…
Silica optical fiber derived from yttrium-aluminum-garnet (YAG) crystals is an excellent high-gain fiber due to their high rare earth ions doping concentration. It offers a new opportunity of addre…