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.
The Unreasonable Effectiveness of Greedy Algorithms in Multi-Armed Bandit with Many Arms
We study a Bayesian k-armed bandit problem in many-armed regime, when k ≥ √ T, with T the time horizon. We first show that subsampling is critical for designing optimal policies. Specifically, the standard UCB…
Transparency on the Path to Net-Zero
We propose and describe a corporate carbon reporting framework intended to strengthen the credibility and transparency of the existing net-zero pledges. We refer to this framework as the Time-Consistent Corporate Carbon Reporting (TCCR…
Markets under Siege: How Differences in Political Beliefs can Move Financial Markets
Can differences in beliefs about politics, particularly the benefits of war and peace, move markets? During the Siege of Paris by the Prussian army (1870–71) and its aftermath, we document that the price of the French 3% sovereign bond (rente)…
Polarization and State Legislative Elections
U.S. state legislatures are critical policymaking bodies and the major pipeline of candidates to national office. Polarization in state legislatures has increased substantially in recent decades, yet we understand little about the role of…
How Does Private Firm Disclosure Affect Demand for Public Firm Equity? Evidence from the Global Equity Market
Conditionally accepted at the Journal of Accounting and Economics.
We investigate the relationship between private firms’ disclosures and the demand for the equity of their publicly traded peers. Using data on the global…
Do Jobseekers Value Diversity Information? Evidence from a Field Experiment
We examine how information about the diversity of a potential employer’s workforce affects individuals’ job-seeking behavior, and whether workers’ preferences explain corporate disclosure decisions. We embed a field experiment in job…
Intermediation via Credit Chains
The modern financial system features complicated financial intermediation chains, with each layer performing a certain degree of credit/maturity transformation. We develop a dynamic model in which an entrepreneur borrows from overlapping-…
Share Pledging in China: Funding Listed Firms or Funding Entrepreneurship?
This paper studies the connection between share pledging and entrepreneurial activities in China, challenging the common wisdom that share pledging funds circle back to the listed firms. Share pledging funds are at the discretion of the…
Cross-Border Knowledge Transfer and Performance in Emerging Economic Regions: the Case of Japanese International Joint Ventures in China
As emerging economic regions (EERs) play a significant role in global economies, managers of multinationals have become increasingly aware of the importance of relevant international expansion in these regions. Facing potential market…
Equilibria in Repeated Games under No-Regret with Dynamic Benchmarks
In repeated games, strategies are often evaluated by their ability to guarantee the performance of the single best action that is selected in hindsight, a property referred to as Hannan consistency, or no-regret. However, the effectiveness of the…
Financial Resources Impact the Relationship between Meaning and Happiness
Do financial resources relate to how important meaning is for one’s happiness? Across three large-scale datasets spanning over 500,000 individuals across 123 countries, we examined the relationship between meaning and happiness for individuals…
Including Corporate Social Responsibility, Environmental Sustainability, and Ethics in Calibrating MBA Job Preferences
Our research studies 759 MBAs graduating from eleven business schools to gain insight into what MBAs in the 21st Century care about during their job searches. We update the MBA job preference literature by using adaptive conjoint analysis to…
Interference and Decision-Making in Marketplace Experimentation
Work in Progress
Leveraging Consensus Effect to Optimize Ranking in Online Discussion Boards
Online discussion platforms (often referred to as discussion boards) are designed for facilitating remote discussions between users. To stimulate engagement (e.g., participation in the discussion), these platforms offer arriving users a ranked…
On the Management of Premade Foods
This paper examines a grocery retailer’s management of a premade food product. The retailer’s goal is to maximize a weighted sum of direct profit and customer welfare. Multiple items of the product are produced in batches and displayed for sale.…
Pay-as-Bid Procurement Mechanisms for Differentiated Products
Problem definition: We consider the mechanism design problem of finding an optimal pay-as-bid mechanism in which the platform chooses an assortment of suppliers that balances the tradeoff between two objectives: providing enough…
Psychological Ownership as an Intervention: Improving the Government Benefit Participation Gap
SCP Annual Conference Best Competitive Paper Award, Runner Up, 2021
Quality Selection in Two-Sided Markets: A Constrained Price Discrimination Approach
Online platforms collect rich information about participants, and then share this information back with participants to improve market outcomes. In this paper we study the following information disclosure problem of a two-sided market: how much…
Robust Bounds for Welfare Analysis
Economists routinely make functional form assumptions about consumer demand to obtain welfare estimates — often for convenience, tractability, or both. How sensitive are welfare estimates to these assumptions? In this paper, we answer this…
Creditor Control Rights and Executive Bonus Plans
We study whether and how creditors exercise their control rights to shape their borrowers’ executive compensation plans. Highly levered borrowers often face incentives to underinvest due to agency conflicts driven by differences in time horizon…