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.
SSRN Research Paper Series
The Social Science Research Network’s Research Paper Series includes working papers produced by Stanford GSB the Rock Center.
You may search for authors and topics and download copies of the work there.
Is the Invisible Hand Discerning or Indiscriminate? Investment and Stock Prices in the Aftermath of Capital Account Liberalizations
We confront the two opposing views of capital account liberalization in developing countries with a new firm-level dataset on investment, stock prices, and sales. In the three-year period following liberalizations, the growth rate of the typical…
Joe Cannon and the Minority Party: Tyranny or Bipartisanship?
The minority party is rarely featured in empirical research on parties in legislatures, and recent theories of parties in legislatures are rarely neutral and balanced in their treatment of the two parties. This paper makes a case for redressing…
Leadership Excellence and the "Soft" Skills: Authenticity, Influence and Performance
While leaders need analytical competencies such as those associated with strategy, finance and all the planning processes, research on Emotional Intelligence (as reported by Goleman, “What Makes a Leader?”, HBR, 1998) suggests it is increasingly…
Macro Politics and Micro Models: Cartels and Pivots reconsidered
A framework is introduced for evaluating static micro-analytic theories in dynamic macro-political settings. Within the framework, two theories of lawmaking are compared. Analytically, the predictions of the theories are remarkably similar-…
A Monte Carlo Study of Growth Regressions
Using Monte Carlo simulations, this paper evaluates the bias properties of common estimators used in growth regressions derived from the Solow model. We explicitly allow for measurement error in the right-hand side variables, as well as country-…
Organizational Culture
Organizational culture Organizational culture is embedded in the everyday working lives of all cultural members. Manifestations of cultures in organizations include formal practices (such as pay levels, structure of the HIERARCHY,JOB DESCRIPTIONS…
Parties in Elections, Parties in Government, and Partisan Bias
Political parties are active when citizens choose among candidates in elections, and when winning candidates choose among policy alternatives in government. But the inextricably linked institutions, incentives, and behavior that determine these…
Partnership in a Dynamic Production System
This paper considers two firms that engage in joint production. The prospect of repeated interaction introduces dynamics in that actions that firms take today influence the costliness and effectiveness of actions in the future. Repeated…
Persistent Media Bias
The news media plays an essential role in society, but surveys indicate that the public views the media as biased. This paper presents a theory of media bias that originates with private information obtained by journalists through their…
Perspective Paper on Financial Instability
Financial instability is a major problem for the worlds middle-income developing countries. Barry Eichengreens proposal for dealing with the problem treats currency mismatchesthe fact that developing countries borrow in dollars instead of their…
Prediction Markets
We analyze the extent to which simple markets can be used to aggregate disperse information into efficient forecasts of uncertain future events. Drawing together data from a range of prediction contexts, we show that market-generated forecasts…
Priming Unconscious Racial Stereotypes About Adolescent Offenders
Two studies examined unconscious racial stereotypes of decision makers in the juvenile justice system. Police officers (Experiment 1) and juvenile probation officers (Experiment 2) were subliminally exposed to words related to the category Black…
Quantifying Creative Destruction: Entrepreneurship and Productivity in New Zealand
This paper (a) provides a framework for quantifying any economys flexibility, and (b) reviews the evidence on New Zealand firms birth, growth and death. The data indicate that, by and large, the labour market and the financial market are doing…
Racial Preferences in Mate Selection: Evidence from a Speed Dating Experiment
We utilize an experimental Speed Dating service to examine racial preferences in mate selection. Our data allow for the direct observation of individual decisions of randomly paired individuals; we may therefore directly infer racial preferences…
Ratings, Certifications and Grades: Dynamic Signaling and Market Breakdown
We consider the effect a public revelation of information (e.g. rating, grade) has on signaling and trading in a dynamic model. Competing buyers offer prices to a privately informed seller who can reject these offers and delay trade. This delay…
Self-Interested Routing in Queueing Networks
We study self-interested routing in stochastic networks, taking into account the discrete stochastic dynamics of such networks. We analyze a two station multiclass queueing network in which the system manager chooses the scheduling rule used, and…
Stock Price, Earnings and Book Value in Managerial Performance Measures
This paper develops a multiperiod principal-agent model in which a manager must be given incentives to undertake investments and to exert personally costly effort. Investments are soft (e.g., intangible assets) and therefore entail measurement…
Subjective Reasoning - Games with Unawareness
The subjective framework for reasoning is extended to incorporate the representation of unawareness in games. Both unawareness of actions and decision makers are modeled as well as reasoning about others’ unawareness. It is shown that a small…
Testing Theories of Lawmaking
Abstract not available.