Publications

Abstract not available.

This paper revisits the empirical evidence on the relationship between economic integration and economic growth. First, we present an updated dataset of openness indicators and trade liberalization dates for a wide cross-section of countries in…

This paper compares how much managers value knowledge from internal and external sources. Although many theories account for favoritism toward insiders, we find that preferences for knowledge obtained from outsiders are also prevalent. Two…

Drawing on public and proprietary data, we analyzed past correlations of VC investments and returns with changes in GDP, Nasdaq returns, and productivity. Using statistical models, we applied those correlations to hypothetical future scenarios,…

We analyze financial market data in order to produce an ex-ante assessment of the economic consequences of war with Iraq. The novel feature of our analysis derives from the existence of a market for Saddam Securities, a new future traded on an…

Previous theory and research on exchange relationships offer conflicting predictions about how givers and receivers evaluate episodes of favor exchange. Whereas studies of egocentric biases suggest that favors are valued more by givers than by…

This paper reports results from a longitudinal field experiment examining the evolution of relationships between consumers and an on-line photography brand in response to brand personality and transgression manipulations. Development patterns…

Overconfident CEOs over-estimate their ability to generate returns. Thus, on the margin, they undertake mergers that destroy value. They also perceive outside finance to be over-priced. We classify CEOs as overconfident when, despite their under-…

Chile‘s school system is using mathematical modeling to assign catering contracts in a single round sealed-bid combinational auction. The Chilean state spends around US$180 million a year to feed 1,300,000 students from low income families,…

Cultural integration of two organizations following an acquisition depends on the compatibility of the contents of their respective cultures as well as the demographic flows of persons into and out of the new entity. Conducting simulations using…

Three studies are reported examining a new explanation for ease of retrieval effects in persuasion. In each study, participants read a persuasive communication and were induced to generate either a low or high number of favorable or unfavorable…

A firm contemplating improvements to its product attributes would be interested in the dollar value the market attaches to any potential product modification. In this paper, we derive a measure of market value such that the comparison of the…

This paper studies the spread between the newly issued 30 year Treasury bond and the old 30 year bond. The spread follows a systematic pattern over the auction cycle: it begins high at an auction date, and converges toward zero by the next…

In a business environment that requires more responsiveness and focus on the bottom line, supply chain performance management is vital to competitive advantage and sustainable business improvement. SCPM enables companies to identify performance…

Companies that have mastered demand chain excellence are widening their margin of market leadership and shareholder returns. They are using scientific replenishment methodologies that incorporate statistical and operations research techniques to…

We analyze the productivity of information technology in emergency response systems. “Enhanced 911” (E911) is information technology that links caller identification to a location database and so speeds up emergency response. We assess the impact…