Publications

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…

Financial accounting is essential to financial accountability, which is essential to a prosperous society. There are many examples of how improvements to financial accounting, supported by research, have enhanced financial accountability. Such…

Like the navigation tools that freed ancient sailors from the need to stay close to the shoreline—eventually affording the discovery of new worlds—Big Data might open us up to new sociological possibilities by freeing us from the shackles…

Intergroup conflict encompasses a broad range of situations with moral relevance. Researchers at the intersection of social and moral psychology employ diverse methodologies, including surveys, moral dilemmas, economic games, and neuroimaging, to…

We present a theory in which the key driver of short-term debt issued by the financial sector is the portfolio demand for safe and liquid assets by the nonfinancial sector. This demand drives a premium on safe and liquid assets that the…

Capital regulation is critical to address distortions and externalities from intense conflicts of interest in banking and from the failure of markets to counter incentives for recklessness. The approaches to capital regulation in Basel III and…

In a reflective moment during his brief but crisis-prone presidency, the late President John F. Kennedy once observed:

The essence of ultimate decision remains impenetrable to the observer—often, indeed, to the decider himself… . There…

Two frameworks — cultural attraction theory and epistemic vigilance — predict a cultural disadvantage for counter-intuitive beliefs. We review several cognitive mechanisms that conspire to render pro-vaccination beliefs counter-intuitive. Trust…

The prevalence and widespread usage of email has given businesses a direct and cost effective way of providing consumers with targeted discount offers. While these discounts are expected to increase the demand for the promoted products, are they…

For the past 40 years, the conventional univariate model of self-monitoring has reigned as the dominant interpretative paradigm in the literature. However, recent findings associated with an alternative bivariate model challenge the conventional…

Using ethnographic, experimental and survey data from an Indian handicraft cluster, this paper studies the conditions under which individuals who identify with their work prioritize financial rewards in their economic decisions. I argue that the…

In rural areas of resource-poor countries, basic access to health workers, medicines, and supplies is often stalled by the poor condition of health transportation. Social enterprise Riders for Health strengthens African health supply chains by…

The U.S. is one of the few countries in the world that delivers its food assistance mainly via transoceanic shipments of commodity-based in-kind food. This approach is more costly and less timely than cash-based assistance, which…

This paper proposes the Q-Lasso method for wait time prediction, which combines statistical learning with fluid model estimators. In historical data from four remarkably different hospitals, Q-Lasso predicts the emergency department (ED) wait…

Researchers in accounting, corporate finance, economics, and law regularly evaluate the impact of corporate governance provisions on firm performance and managerial actions. Many of these studies rely on publicly available governance summaries…

Over the past 30 years, venture capital has become a dominant force in the financing of innovative American companies. From Google to Intel to FedEx, companies supported by venture capital have profoundly changed the U.S. economy. Despite…

Several regions of the human brain respond more strongly to faces than to other visual stimuli, such as regions in the amygdala (AMG), superior temporal sulcus (STS), and the fusiform face area (FFA). It is unclear if these brain regions are…

Not everyone who has committed a misdeed and wants to warn others against committing it will feel entitled to do so. Six experiments, a replication, and a follow-up study examined how suffering for a misdeed grants people the legitimacy to advise…

Rising healthcare costs have sparked debate about the best way to provide high-quality affordable health insurance. We discuss the potential for regulated insurance markets to outperform single-payer public insurance. We use as an example the…

This chapter reviews the literature on how changes in corporations, firms, and markets influence the dynamics of social movements. It describes the concepts of corporate and industry opportunity structure, and looks at the way…