Bernardo F. Quiroga | Pontificia Universidad Catolica de Chile (original) (raw)

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Papers by Bernardo F. Quiroga

SSRN Electronic Journal, 2013

ABSTRACT We investigate newsvendor ordering behavior under competition. We present a laboratory e... more ABSTRACT We investigate newsvendor ordering behavior under competition. We present a laboratory experiment that documents the behavioral ordering regularities in competitive newsvendor environments, and an analytical model extending the standard theory of newsvendor competition by including an optimal best response policy for competing with a behaviorally-biased newsvendor. We test the effectiveness of this policy using an out-of-sample experiment and find that it results in improved market share, service level and profitability.

SSRN Electronic Journal

We investigate the impact of using a clear scoring rule in a sealed bid multi-dimensional (A+B) p... more We investigate the impact of using a clear scoring rule in a sealed bid multi-dimensional (A+B) procurement auction, as frequently used in government procurement. The central procurement agency in Chile (ChileCompra) asked for help to understand how concealing the scoring rule affected buyers. Using an experiment, we analyze the effect of transparently communicating the scoring rule on bidding outcomes by comparing the buyer’s surplus and supplier profits when buyers expressly communicate the weight they place on a nonmonetary (B) attribute, versus when this information is concealed from bidders. In addition, we compare outcomes where the scoring rule is made visible only after the offers are submitted. If the scoring rule is not disclosed, outcomes are poorer for buyers, and sellers see their profits increase.

Family Business Review, 2007

We studied the impact of family ownership on firm performance by using a set of data on Chilean f... more We studied the impact of family ownership on firm performance by using a set of data on Chilean firms. From a sample of 175 firms listed on the stock market, the group of 100 family-controlled firms performed significantly better than the group of 75 nonfamily companies over the 10-year period under study (1995—2004). Three distinct measures of performance—ROA, ROE, and a proxy of Tobin's Q—were employed to test the differences of means between the two groups of firms. These results were in line with our multiple regression model. All these findings support our conceptual framework and hypothesis, which states that public family firms perform better than public nonfamily firms.

Journal of Operations Management

This study explores the current status of corporate ethical policies in the large-size firms curr... more This study explores the current status of corporate ethical policies in the large-size firms currently operating in Chile and focus on the edition of formal documents on corporate ethics by means of a survey sent to the companies whose manning table exceeds 350 employees (460 firms), using for this selection the 2005 Directorio ITV de Empresas en Chile (ITV Directory of Corporations in Chile). The results obtained from the 116 responses received reveal that almost 60% of the firms possess ethics corporate documents; that in general there is consensus about the need to bear in mind the ethical conduct in the personnel selection, promotion and bonuses; and that generally a greater proportion of foreign firms have documents on ethics, as compared with the domestic firms. Likewise, a statistical verification was performed –whose results are only extrapolated to the large-size firms– on the correlation between possession of formal ethics documents and performance (measured as the value o...

In this paper, an hedonic pricing model is used to measure non-market attribute valuation in Soci... more In this paper, an hedonic pricing model is used to measure non-market attribute valuation in Social Housing Programs in Santiago de Chile. Implicit marginal prices are calculated as first stage Rosen estimates for attributes such as distance to different services, number of rooms of each type, and availability of warm water and connection to the sewage network. Distance implicit prices were calculated as the difference between coefficients of dummy variables which measured different distance levels. Results reveal non-linearity in the value of distances. Also, the number of rooms (especially bathrooms), as well as access to warm water and sewage system were highly valued.

We study multiattribute procurement auctions, sometimes known as A+B auctions. Here, buyers reque... more We study multiattribute procurement auctions, sometimes known as A+B auctions. Here, buyers request offers on attributes such as price and quality, and bidders choose the amounts of quality to offer and how much to charge for it. We analyze two sealed-bid scenarios: One where the scoring rule that weights quality and price is explicitly communicated to bidders before they submit their offers, and another where the rule is only known to the buyer and not to the bidders. In addition, we compare behavior where the scoring rule is made visible after the offers are submitted. Our experimental results show substantial losses to the buyer as a direct effect of transparency loss, while sellers see their profits increased in the same situation.

Score auctions are used in procurement to incorporate other attributes beyond price. We establish... more Score auctions are used in procurement to incorporate other attributes beyond price. We establish nonparametric econometric identification of bidders' pseudotypes (a measure of bidder's private cost), when bids are evaluated using a preannounced quasi-linear score, calculated on the basis of the submitted levels of the attributes. Hence, we extend the standard nonparametric method for independent private costs sealed-bid, first price auctions, to multi-attribute quasi-linear score auctions. We illustrate the result with an application to scoring bid data.

Frontiers in Public Health

Objectives: To understand and forecast the evolution of COVID-19 (Coronavirus disease 2019) in Ch... more Objectives: To understand and forecast the evolution of COVID-19 (Coronavirus disease 2019) in Chile, and analyze alternative simulated scenarios to better predict alternative paths, in order to implement policy solutions to stop the spread and minimize damage.Methods: We have specified a novel multi-parameter generalized logistic growth model, which does not only look at the trend of the data, but also includes explanatory covariates, using a quasi-Poisson regression specification to account for overdispersion of the count data. We fitted our model to data from the onset of the disease (February 28) until September 15. Estimating the parameters from our model, we predicted the growth of the epidemic for the evolution of the disease until the end of October 2020. We also evaluated via simulations different fictional scenarios for the outcome of alternative policies (those analyses are included in the Supplementary Material).Results and Conclusions: The evolution of the disease has n...

SSRN Electronic Journal

Problem Definition: We study a radiology workflow platform that connects off-site radiologists wi... more Problem Definition: We study a radiology workflow platform that connects off-site radiologists with hospitals. These radiologists select tasks from a common pool, and the service level is characterized by meeting priority-specific turnaround time targets. However, imbalances between pay and workload of different tasks could result in higher priority tasks with low pay relative to workload receiving poorer service than low priority tasks. Using a large dataset, we empirically investigate this phenomenon. Academic/Practical Relevance: Piece-rate compensation schemes, where workers are paid for each completed task regardless of the time spent on it, are common in practice. Detecting a potential negative impact on firm performance associated with their use adds to the literature on challenges of piece-rate compensation schemes. Methodology: We employ an instrumental variable methodology to investigate whether low priority tasks with a high pay-to-workload ratio have a shorter turnaround time. Then, using the same approach, we investigate whether having many low priority tasks with high pay-to-workload increases the turnaround time and probability of delay of higher priority tasks. Results: We show that turnaround time is decreasing in pay-to-workload for lower priority tasks, whereas it is increasing in workload for high priority tasks. More importantly, we find evidence of a spillover effect: Having many economically attractive tasks with low priority can lead to longer turnaround times for higher priority tasks, increasing the likelihood that those tasks are delayed. Implications: Our results suggest that organizations where workers have task discretion from a common pool need to carefully align their piece-rate compensation scheme with the workload of each task. Imbalances may lead to a degradation in the system service level provided to time-sensitive customers.

Higher Education Policy, 2021

The university accreditation system in Chile appears to be influenced by tensions between interes... more The university accreditation system in Chile appears to be influenced by tensions between interest groups from well-established institutions and newer (private) institutions. These institutions depend to a certain extent on accreditation decisions to obtain indirect public funding. However, the system relies on faculty nominated by conglomerates formed by these same institutions to decide on accreditation. This arrangement creates a potential conflict of interest that can jeopardize the accreditation’s legitimacy. We explore this potential bias through an empirical study examining voting behaviour by commissioners of the Chilean National Commission of Accreditation from March 2013 to October 2016. We assess whether commissioners appeared as favouring institutions within their appointing conglomerates. To our knowledge, this is the first study in the region designed to examine the presence of bias in higher education accreditation. Findings indicate commissioners, on average, tended ...

SSRN Electronic Journal

In Chile, due to the explosive increase of new COVID-19 cases during the first part of 2021, the ... more In Chile, due to the explosive increase of new COVID-19 cases during the first part of 2021, the ability of health services to accommodate new incoming cases was jeopardized. It has become necessary to be able to manage intensive care unit (ICU) capacity, and for this purpose, monitoring both the evolution of new cases and the demand of ICU beds, has become urgent. This paper presents short-term forecast models for the number of new cases and the number of COVID-19 patients admitted to ICUs in the Metropolitan Region in Chile.

Production and Operations Management

CORPORATE ETHICAL POLICIES: EVIDENCE FROM LARGE FIRMS IN CHILE Álvaro E. Pezoa Universidad de los... more CORPORATE ETHICAL POLICIES: EVIDENCE FROM LARGE FIRMS IN CHILE Álvaro E. Pezoa Universidad de los Andes ... January 9, 2007 Helpful inputs and insights by Raimundo Soto, Cecilia Arruda, Patricia Debeljuh and Alejandro Montecinos are gratefully acknowledged. ...

SSRN Electronic Journal, 2013

SSRN Electronic Journal

Family Business Review, 2007

Journal of Operations Management

Frontiers in Public Health

SSRN Electronic Journal

Higher Education Policy, 2021

SSRN Electronic Journal

Production and Operations Management