Working Papers

These papers are working drafts of research which often appear in final form in academic journals. The published versions may differ from the working versions provided here.

David Broockman, Evan J. Soltas
February 21, 2018

We exploit a natural experiment to identify taste-based discrimination against racial and ethnic minorities and women in elections. In Illinois Republican presidential primaries, voters vote for delegates bound to particular presidential candidates. Delegates’ names convey...

Michael Ostrovsky, Michael Schwarz
February 12, 2018

We study the interplay between autonomous transportation, carpooling, and road pricing. We discuss how improvements in these technologies, and interactions among them, will affect transportation markets. Our main results show how to achieve socially efficient...

Katherine Casey
January 19, 2018

Classic arguments for decentralization, augmented by ideas about how participation empowers the poor, motivate the widely used approach in foreign aid called community-driven development.  CDD devolves control over the selection, implementation and financial management of...

Kostas Bimpikis, Ozan Candogan, Daniela Saban
January 11, 2018

We explore spatial price discrimination in the context of a ride-sharing platform that serves a network of locations. Riders are heterogeneous in terms of their destination preferences and their willingness to pay for receiving service....

Jung Ho Choi
January 2018

I evaluate the role of accrual accounting in improving rms’ production decisions and resource allocation across rms. I introduce both cash ow and accounting earnings as imperfect measures of performance into a general equilibrium model...

Sarah K. Stein, Amir Goldberg, Sameer B. Srivastava
January 2018

This article examines how cultural matching relates to a job applicant’s likelihood of getting hired into an organization and identifies the components of cultural similarity that matter

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Georg Schorpp, Feryao Erhun, Hau L. Lee
January 2018

We study contracting for a three-tier supply chain consisting of a buyer, a supplier, and a sub-supplier where disruptions of random length occur at the sub-supplier. As is common in supply chains, the buyer has...

Cody Cook, Rebecca Diamond, Jonathan Hall, John A. List, Paul Oyer
January 2018

The growth of the “gig” economy generates worker flexibility that, some have speculated, will favor women. We explore one facet of the gig economy by examining labor supply choices and earnings among more than a...

Kostas Bimpikis, Kimon Drakopoulos, Shayan Ehsani
2018

Abstract coming soon.

Kostas Bimpikis, Wedad J. Elmaghraby, Ken Moon, Wenchang Zhang
2018

Platforms can obtain sizable returns by operationally managing their market thickness, i.e., the availability of supply-side inventory. Using data from a natural experiment on a major B2B auction platform specializing in the $424 billion secondary...

Kostas Bimpikis, Ozan Candogan, Shayan Ehsani
2018

This paper studies multi-tier supply chain networks in the presence of disruption risk. Firms decide how to source their inputs from upstream suppliers so as to maximize their expected profits, and prices of intermediate goods...

Benjamin Hébert
December 29, 2017

Regulations on financial intermediaries can create apparent arbitrage opportunities. Intermediaries are unable to fully exploit these opportunities due to regulation, and other agents are unable to exploit them at all due to limited participation. Does...

Darrell Duffie, Lei Qiao, Yeneng Sun
December 21, 2017

We develop a general and unified model in which a continuum of agents conduct directed random searches for counterparties. Our results provide the first probabilistic foundation for static and dynamic models of directed search (including...

Jessica Leight, Dana Foarta, Rohini Pande, Laura Ralston
December 19, 2017

Community targeting of vote payments — defined as the saturation of entire neighborhoods with cash prior to elections — is widespread in the developing world. In this paper, we utilize laboratory experiments conducted in the...

Hunt Allcott, Rebecca Diamond, Jean-Pierre Dubé
December 14, 2017

We study the causes of “nutritional inequality”: why the wealthy tend to eat more healthfully than the poor in the U.S. Using two event study designs exploiting entry of new supermarkets and households’ moves to...

Darrell Duffie, Samuel Antill
December 13, 2017

We compute optimal mechanism designs for each of a sequence of size-discovery sessions, at which traders submit reports of their excess inventories of an asset to a session operator, which allocates transfers of cash and...

Jordan Brooks, Michael Katz, Hanno Lustig
December 12, 2017

There is post-FOMC announcement drift in Treasury markets after Fed Funds target changes. The expectations hypothesis holds on FOMC announcement days, but fails thereafter. The same-day response of 10-year Treasury yields to a 10 bps....

David Broockman, Greg F. Ferenstein, Neil Malhotra
December 9, 2017

American politics overrepresents the wealthy. But what policies do the wealthy support? Many accounts implicitly assume the wealthy are monolithically conservative and that increases in their political power will increase inequality. Instead, we argue there...

Zhengyang Jiang, Arvind Krishnamurthy, Hanno Lustig
December 4, 2017

The convenience yield that foreign investors derive from holding U.S. Treasurys causes a failure of Covered Interest Rate Parity by driving a wedge between the yield on the foreign bonds and the currency-hedged yield on...

Stephen Comello, Stefan J. Reichelstein, Anshuman Sahoo
December 2017

Over the past decade, solar photovoltaic (PV) power has experienced dramatic deployment growth coupled with substantial decreases in system prices. This article examines how solar PV power is currently positioned in the electricity marketplace and...