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Discretionary Disclosure using a Certifier
Discretionary Disclosures using a Certifier
Disentangling the Personal and Partisan Incumbency Advantages: Evidence from Close Elections and Term Limits
Although the scholarly literature on incumbency advantages focuses on personal advantages, the partisan incumbency advantage — the electoral benefit accruing to non-incumbent candidates by virtue of being…
Disruption Risk and Optimal Sourcing in Multi-tier Supply Networks
We study sourcing in a supply chain with three levels: a manufacturer, Tier 1 suppliers, and Tier 2 suppliers prone to disruption from, e.g., natural disasters like earthquakes or floods. The manufacturer may not directly dictate which Tier 2…
Economic Theories of Incentives in Organizations
Efficient Credit Policies in a Housing Debt Crisis
Should another housing market crash occur, the government’s highest priority should be helping cash-short homeowners maintain spending in a weak economy and avoid foreclosure by temporarily reducing or deferring mortgage payments.
In this…
Elaboration and attitude strength: The new meta-cognitive perspective
Emergence of Market Orders: Audience Interaction and Vanguard Influence
Research in the sociology of markets finds that shared meanings facilitate valuation and exchange by providing frameworks for perceiving and evaluating products and producers. Whereas studies of local sensemaking explain how meanings emerge…
Entrepreneurial Ecosystems Around the Globe and Early-Stage Company Growth Dynamics — the Entrepreneur’s Perspective
Entrepreneurs are key drivers of economic and social progress. Rapidly growing entrepreneurial enterprises are often viewed as important sources of innovation, productivity growth and employment (small and medium-sized enterprises account for 97…
Entrepreneurship as a Mobility Process
We advance a theory of how organizational characteristics, in particular the structure of opportunity within organizations, shape the decision to become an entrepreneur. Established organizations play an important yet understudied role in the…
Equilibrium Imitation and Growth
The least productive agents in an economy can be vital in generating growth by spurring technology diffusion. We develop an analytically tractable model in which growth is created as a positive externality from risk taking by firms…
Everything I Ever Needed to Know About Economics I Learned from Online Dating
Conquering the dating market — from an economist’s point of view. After more than twenty years, economist Paul Oyer found himself back on the dating scene — but what a difference a few years made. Dating was now dominated by sites like Match.com…
Fairness and Efficiency in Multi-portfolio Optimization
We deal with the problem faced by a portfolio manager in charge of multiple accounts. We argue that, due to market impact costs, this setting differs in several subtle ways from the classical (single account) case, with the key distinction…
Fallacies and Irrelevant Facts in the Debate on Capital Regulation
As the financial crisis of 2007–2008 has compellingly shown, highly leveraged financial institutions create negative externalities. When a bank is highly leveraged and has little equity to absorb losses, even a small decrease in asset value can…
Forecasting Emergency Department Wait Times
This paper proposes a Combined Method (combining fluid model estimators and statistical learning) to forecast the wait time for low-acuity patients in an Emergency Department, and describes the implementation of the…
Friendships and Search Behavior in Labor Markets
This paper examines how organizations use employee networks to contend with job seekers’ search behavior. According to prior research, in markets where job seekers engage in nonsequential job search, organizations respond with tactics such as…
Gandhi's Gift: Lessons for Peaceful Reform from India's Struggle for Democracy
In this overview article, we summarize recent research in progress that examines the potential and limitations of non-violent civil disobedience through the lens of the evolution of an iconic success: India’s struggle for democratic self-rule. We…
Healthy, Wealthy, and Wise: Five Steps to a Better Health Care System
The authors present their prescription for healing the U.S. healthcare system. Their proposal emphasizing private market competition includes: tax, insurance, and malpractice reform; an upgrade of health information; and greater competition by…
How Are You Doing? Emotions and Personality in Facebook
User generated content on social media sites is a rich source of information about latent variables of their users. Proper mining of this content provides a shortcut to emotion and personality detection of users without filling out questionnaires…