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Business and Its Environment (7th edition)
Businesses compete in many ways, including nonmarket areas like corporate responsibility. Learn how to sharpen your firm’s competitive edge.
Baron’s integrated approach combines the disciplines of economics, political science, law, and…
Challenger Groups, Commercial Organizations, and Policy Enactment: An Empirical Study of Local Lesbian/Gay Rights Ordinances
Drawing on theories of social movements and organizations, we examine how the expanding presence of commercial organizations and the growing diversity of their forms can foster policy change securing rights for a group of challengers in a…
Chapter 12 — Forecasters’ Objectives and Strategies
This chapter develops a unified modeling framework for analyzing the strategic behavior of forecasters. The theoretical model encompasses reputational objectives, competition for the best accuracy, and bias. Also drawing from the extensive…
Childhood Socialization and Political Attitudes: Evidence from a Natural Experiment
Scholars have argued that childhood experiences strongly impact political attitudes, but we actually have little causal evidence since external factors that could influence preferences are correlated with the household environment. We utilize a…
Combinatorial approach to the interpolation method and scaling limits in sparse random graphs
For a variety of models, including independent sets, MAX-CUT, coloring and K-SAT, we prove that the free energy both at a positive and zero temperature, appropriately rescaled, converges to a limit as the size of the underlying graph diverges to…
Competition for a Majority
We define the class of two-player zero-sum games with payoffs having mild discontinuities, which in applications typically stem from how ties are resolved. For games in this class we establish sufficient conditions for existence of a value of the…
Conflict contagion: A theoretical model of the development and spread of conflict in teams.
Purpose – The purpose of this paper is to build theory and present a model of the development of conflicts in teams.
Design/methodology/approach – The paper develops a conceptual model based on past theory and…
Consure Medical I: Translating a Need into an Actionable Path Forward
After watching a colleague struggle with the care of his mother when she was affected by fecal incontinence, the Consure Medical team began investigating this problem as a potential need to address. They completed an extensive needs finding…
Conundra and Progress: Research on Entry Order and Performance
We raise four sets of issues relating to the definition and measurement of first mover advantage. We begin by posing questions about the basic definition of FMA and whether advantage should be measured in terms of profit, market share or…
Costs and Benefits of Dynamic Trading in a Lemons Market
We study a dynamic market with asymmetric information that creates the lemons problem. We compare efficiency of the market under different assumptions about the timing of trade. We identify positive and negative aspects of dynamic trading,…
CycleBeads III: Implementing Too Much, Too Soon
To help address the issue of unplanned pregnancy and maternal mortality in the developing world, researchers at the University of Georgetown’s Institute for Reproductive Health (IRH) recognized the need for an intuitive, natural contraception…
Decisive: How to Make Better Choices in Life and Work
Research in psychology has revealed that our decisions are disrupted by an array of biases and irrationalities: We’re overconfident. We seek out information that supports us and downplay information that doesn’t. We get distracted by short-term…
Do US Market Interactions Effect CEO Pay: Evidence from UK companies
Dropout Training as Adaptive Regularization
Dropout and other feature noising schemes control overfitting by artificially corrupting the training data. For generalized linear models, dropout performs a form of adaptive regularization. Using this viewpoint, we show that the dropout…
Earnings Manipulation and Expected Returns
An accounting-based earnings manipulation detection model has strong out-of-sample power to predict cross-sectional returns. Companies with a higher probability of manipulation (M-score) earn lower returns on every decile portfolio sorted by size…
Ease and persuasion: Multiple processes, meanings, and effects
This chapter describes the mechanisms through which the experience of processing ease, or fluency, can influence attitudes and persuasion. In particular, we argue that ease can impact attitude change not only by serving as a peripheral cue (e.g…
Economic Explanations for Opposition to Immigration: Distinguishing Between Prevalence and Conditional Impact
Economics as an Economic and a Social Relationship
Because employment is simultaneously an economic and a social relationship, one cannot profitably study it as one or the other in isolation. To understand employment relationships requires taking into account both economic and social-…
Effect of Temporal Spacing between Advertising Exposures: Evidence from Online Field Experiments
This paper aims to understand the impact of temporal spacing between ad exposures on the likelihood of a consumer purchasing the advertised product. I create an individual-level data set with exogenous variation in the spacing and intensity of…
Games and Resources
Game theory is the natural tool when analyzing the strategic use of natural resources. This article presents a sequence of related simple two-stage games to illustrate a range of problems, generating a large number of lessons. It explores…