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Time Will Tell: The Distant Appeal of Promotion and Imminent Appeal of Prevention
What types of products are preferred when the purchase is immediate versus off in the distant future? Three experiments address this question by examining the influence of temporal perspective on evaluations of regulatory-framed products. The…
Trade, Institutions and Religious Tolerance: Evidence from India
This paper analyses the incentives that shaped Hindu and Muslim interaction in India’s towns from the rise of Islam to the rise of European intervention in the 17th century; it argues that differences in the degree to which medieval Hindus and…
U.S. Dependence on Oil in 2008: Facts, Figures and Context
In 2007 and 2008, the price of oil skyrocketed, hitting historic highs. The corresponding increase in gas price was felt sharply in the United States by ordinary people, industries, the military and the government. Citizens were spending more and…
Why Does Popcorn Cost So Much At The Movies? An Empirical Analysis of Metering Price Discrimination
Prices for goods such as blades for razors, ink for printers and concessions at movies are often set well above cost. This paper empirically analyzes concession sales data from a chain of Spanish theaters to demonstrate that high prices on…
A new framework for resistance to persuasion: The resistance appraisals hypothesis.
Researchers have long recognized the importance of studying resistance to attitude change. As reviewed at the outset of this chapter, resistance research over the years largely has focused on understanding when, why, and how people resist. In the…
Implications of Breach Remedy and Renegotiation Design for Innovation and Capacity
manufacturer writes supply contracts with N buyers. Then, the buyers invest in innovation, and the manufacturer builds capacity. Finally, demand is realized, and the firms renegotiate the supply contracts to achieve…
Implications of Renegotiation for Optimal Contract Flexibility and Investment
In a stylized model of biopharmaceutical contract manufacturing, this paper shows how the potential for renegotiation influences the optimal structure of supply contracts, investments in innovation and capacity, the way scarce capacity is…
Affiliated Firms and Financial Support: Evidence From Indian Business Groups
We investigate the functioning of internal capital markets in Indian Business Groups. We document that intragroup loans are an important…
Discrete Choice Models with Multiple Unobserved Choice Characteristics
Since the pioneering work by Daniel McFadden, utility-maximization-based multinomial response models have become important tools of empirical researchers. Various generalizations of these models have been developed to allow for unobserved…
Impossibility of Collusion under Imperfect Monitoring with Flexible Production
We show that it is impossible to achieve collusion in a duopoly when (a) goods are homogenous and firms compete in quantities; (b) new, noisy information arrives continuously, without sudden events; and (c) firms are able to respond to new…
Long-term Effects of Subliminal Priming on Academic Performance
This research examines the temporal range of subliminal priming effects on complex behavior. In Experiments 1 and 2, participants were subliminally primed with words either related or unrelated to intelligence before completing a practice exam,…
Perfomance-Based Compensation in Professional Service Firms: An Examination of Medical Group Practices
We examine the importance of agency considerations for the mix of salary and performance-based compensation in member-owned medical practices. Performance-based pay increases with the informativeness of clinical productivity measures, and…
Attitude certainty: A review of past findings and emerging perspectives.
Attitude certainty, or the sense of conviction with which one holds one’s attitude, has been the subject of considerable research attention. This article provides an overview of past, present, and future research on this topic. First, we review…
Eco-Design Value Alignment: Keys to Success
In a world of globalization and outsourcing, environmental legislation became a main driver for doing eco-design. Eco-innovation and green money are concepts to create marketing advantages and differentiation from their competitors, transforming…
How Does Information Technology Affect Productivity? Plant-Level Comparisons of Product Innovation, Process Improvement, and Worker Skills
To study the effects of new information technologies (IT) on productivity, we have assembled a unique data set on plants in one narrowly defined industry—valve manufacturing—and analyze several plant-level mechanisms through which IT could…
Course Corrections: Maintaining Trust While Changing Directions (an invited essay)
Driving Business Value through B2B Outsourcing: Improving Business Performance, Trading Partner Satisfaction, and B2B Capabilities
For many years, business process outsourcing (BPO) has been identified as a strategic trend. This study examines the business and technical benefits of global business-to-business e-commerce outsourcing. Areas covered include the elements of…
Opportunity Counts: Teams and the Effectiveness of Production Incentives
Using unique panel data on production lines in U.S. minimills, we analyze the adoption of problem-solving teams and group incentive pay and their effects on productivity. Almost every line ultimately adopts group incentives. However, problem-…
Personnel Economics
In this review of the personnel economics literature, we introduce key topics of personnel economics, focus on some relatively new findings that have emerged since prior reviews of some or all of the personnel economics literature, and suggest…
Simulation Modeling in Organizational and Management Research
Simulation modeling provides a powerful methodology for advancing theory and research on complex behaviors and systems, yet it has been embraced more slowly in management than in some associated social science disciplines. We suspect that part of…