Publications

Most state and local governments in the United States offer retirement benefits to their employees in the form of guaranteed pensions. To fund these promises, the governments contribute taxpayer money to public systems. Even under states’ own…

This is part of a case series. In spring 2012, Jordi Alves was facing some tough decisions. A year earlier, after a process that had lasted longer than expected, he had successfully raised the first search fund in Spain. He had then dedicated a…

Others are better qualified than I to comment on Andy Grove’s many contributions as a member of the founding team of Intel Corporation, as the company’s CEO and chairman, or as a U.S. citizen and committed philanthropist, but I may be able…

Can innovation among micro-entrepreneurs in South Africa teach global corporations a lesson? Rajesh Chandy, Stephen Anderson-Macdonald and Bilal Zia reckon so.

You’ve probably heard the expression “It’s not what you know, but who you know, that matters.” The sentiment is rather demotivating. After all, why go the extra mile if success is just determined by connections?

For policymakers, economics is a useful tool in the development and evaluation of public policy. And like many sciences, economics is evolving to become more interdisciplinary in its approach. Today, economic theory is often used in conjunction…

This paper studies the role of demand uncertainty in temporal discrimination when the retailer applies markdown pricing facing strategic customers. We consider a model in which a retail firm announces a pair of declining prices for two selling…

Does naturalization cause better political integration of immigrants into the host society? Despite heated debates about citizenship policy, there exists almost no evidence that isolates the independent effect of naturalization from the…

We study a setting of non-atomic routing in a network of m parallel links with asymmetry of information. While a central entity (such as a GPS navigation system) — a mediator hereafter — knows the…

People vary widely in their temporal orientation — how often they emphasize the past, present, and future — and this affects their finances, health, and happiness. Traditionally, temporal orientation has been assessed by self-report…

While new biologics have revolutionized the treatment of age-related macular degeneration—the leading cause of severe vision loss among older adults—these new drugs have also raised concerns over the economic impact of medical innovation. The two…

Intangible assets and intellectual property (IP) are increasingly important in today’s knowledge-based economy. Yet, all too often protection of a company’s intellectual capital is controlled by the legal department, with most companies failing…

In resource constrained settings, bubble CPAP (continuous positive airway pressure) is emerging as a more affordable treatment option for children with acute respiratory infections. However, the effectiveness of this approach is compromised when…

Consumers and scholars show increasing interest in authenticity in products, services, performances and places. As typically used, authenticity is an attribution which is socially constructed and appears in many domains of social life. The…

The ubiquity and affordability of mobile presents us with an unparalleled opportunity to improve social  and economic development and positively impact lives. However, to realise these benefits, women must not be left behind in the mobile…

This paper uses a regression discontinuity design to estimate the degree to which incumbents scare off challengers with previous officeholder experience. The estimates indicate a surprisingly small amount of scare-off, at least in cases where the…

Organizational ecology refers to a sociologically oriented research program on organizations. It involves the empirical study of populations of organizations and a theoretical emphasis on processes of selective replacement of relatively inert…

In several recent cases, the Delaware Chancery Court has emphasized that where a conflict of interest exists between holders of a company’s common stock and holders of its preferred stock, the standard of conduct for directors requires that they…

Our research effort, in collaboration with Stanford University, includes a series of studies examining the characteristics of successful Latino entrepreneurs, key dimensions of the Latino entrepreneurial process, and characteristics of the…