Management Science Review

We are witnessing, across a wide range of domains, a shift away from the exclusive ownership and consumption of resources to one of shared use and consumption. This shift is taking advantage of innovative new ways of peer-to-peer sharing that are voluntary and enabled by Internet-based exchange markets and mediation platforms.

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In frictionless financial markets, entrepreneurs and firms should be able to obtain funding for all positive net present value projects. In such a world, changes in local credit supply would have no effect on real outcomes. However, if information or agency frictions interfere with capital mobility then suboptimal outcomes can occur.

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Innovation is a driving force in today’s economy, but investing in new technologies, products, or services is risky and challenging. Decisions on research and development (R&D) budgets and the prioritization of research projects typically fall to top firm managers. But, is a CEO’s skill set an important determinant of innovation? And if so, which CEO skills would be more valuable to produce innovation?

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Since the launch of Amazon’s Kindle ebook reader, book publishers have debated when ebook editions of their books should be released relative to their hardcover and paperback versions. Some publishers have been concerned that releasing ebooks together with hardcovers would hurt sales of higher priced print books. Digital platforms such as Amazon, however, claim that ebooks do not cannibalize print sales but rather represent mostly incremental sales.

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Every soldier injured on the battlefield must be given the best possible chance to survive and to recover. This requires the provision of timely medical treatment and en-route care to injured soldiers and a prompt evacuation to properly equipped medical treatment facilities (MTF). The need to improve military medical evacuation (MEDEVAC) systems is constantly reiterated by the popular press and is a key objective for the US Army. The US Defense Health Board has recommended extensive improvements to platform, provider skill level and oversight, response time, and quality assurance of MEDEVAC missions. A review of the MEDEVAC operations in Afghanistan revealed that 25% of deaths on the battlefield were preventable and called for improvement of MEDEVAC practices.

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Technology has enabled firms to provide customers with touchpoints across different channels. Omni-channel retail is a prominent example: retailers offer their goods in brick and mortar stores as well as through their websites and mobile applications. In their article, Bavafa, Hitt, and Terwiesch, focus on omni-channel services in health care. During the past decade, there has been an expansion of one channel in particular: e-visits or secure-messaging, which allows patients to communicate remotely with clinicians.

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Triage and prioritization help allocate limited resources to patients who need it most in an effort to save as many lives as possible. Thus, it has become a common practice in both daily emergency department operations and mass-casualty events. However, the information that is required to prioritize patients, such as urgency and resource requirements among others, may not be immediately available. Thus, decision makers have to spend some time on triage and collect such information (perfect or imperfect), which results in delay in the actual treatment of patients.

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Participation on the digital platforms which comprise the so-called gig-economy has grown exponentially over the last several years. Yet, researchers have been relatively quiet about how these platforms are beginning to affect labor markets. In a recently published manuscript, “Can You Gig It? An Empirical Examination of the Gig-economy and Entrepreneurial Activity,” Gordon Burtch, Seth Carnahan, and Brad Greenwood begin to do exactly that. In the work, the three explore the relationship between the entry of Uber’s discount ridesharing service, Uber X (the most significant gig-economy platform), into a local area and rates of entrepreneurship. They argue that a current or potential entrepreneur might respond to Uber X’s entry in one of two ways.

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Is it necessary to suffer to produce good art? Many artists may believe this is the case, and many cite the death of Picasso’s good friend, Carlos Casagemas, as launching Picasso into his very innovative and important blue period. But, many psychologists disagree with the idea that suffering is good for creativity.

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