Publications

In spring 2025, the Corporate Governance Research Initiative at Stanford Graduate School of Business, Arthur and Toni Rembe Rock Center for Corporate Governance, Governance of Organizations Working Group at the Hoover Institution at Stanford…

In spring 2025, the Corporate Governance Research Initiative at Stanford Graduate School of Business, Arthur and Toni Rembe Rock Center for Corporate Governance, Governance of Organizations Working Group at the Hoover Institution at Stanford…

Building on the canonical “bottleneck” model of Vickrey (1969), we show that carpooling and road pricing are highly complementary in addressing traffic congestion: they can be much more effective jointly than each one separately, and can improve…

We examine the economic implications of digital traffic on firms’ financial performance, stock valuation, and financial surprises. Our analysis shows that timely flows of digital traffic are contemporaneous and leading indicators of firms’…

Econometric analysis typically focuses on the statistical properties of fixed estimators and ignores researcher choices. In this article, I instead approach the analysis of experimental data as a mechanism‐design problem that acknowledges that…

Traffic stops are common and consequential for citizens’ legal socialization and for racial gaps in police-community trust. Efforts to change the tenor of police interactions, however, may discount the discretionary context of stops —…

Economic activity requires motivating and coordinating individuals to work toward a common goal. These aims are the purview of managers. What, however, do managers actually do? We outline three defining principles of economic research on managers…

We investigate whether the membership of a non-profit hospital’s CEO on its board of directors is associated with CEO pay and several measures of hospital performance, including price, operating margin, quality, and service to low-income patients…

Rendering the visual appearance of moving humans from occluded monocular videos is a challenging task. Most existing research renders 3D humans under ideal conditions, requiring a clear and unobstructed scene. Those previous methods cannot be…

Local-thinking bias, wherein agents overweight information that comes readily to mind, is a prominent finding in cognitive psychology. In this study, we investigate local-thinking bias in the context of sell-side analysts and measure each analyst…

Using agile supply chains, fast fashion companies have been viewed as best practice examples in industries. Prior research focuses on how agility can equip such companies with strong sense-and-respond capabilities to identify and fulfill…

We examine the spillover effects of local initial public offerings (IPOs) on new business formation. An IPO in a local area is associated with a 1% to 4% increase in new business registrations, and this effect is particularly pronounced in…

Firms’ diversity, equity, and inclusion (DEI) policies have received significant scrutiny in recent years, including their efficacy and role in long-term value creation. We provide new evidence on these issues by studying what is arguably the…

Background: Within the past decade, digital coaching programs (DCPs) have emerged as an evidence-based modality to improve mental well-being and emotional intelligence (EI), although there is limited evidence in real-world…

Research Summary

We investigate why firms imitating the same competitor’s strategy in the same environment often replicate different components of that strategy. We argue that such divergence can arise because firms vary in the…

Over the last decade, new research has shown how human collectives can develop technologies that no single individual could discover on their own. However, this research often overlooks how technology can become so complex that individuals cannot…

System innovation is a signature feature of agri-food system transformation. Such system innovation often occurs in niches. However, how the “green shoots” of transformation can be detected and appraised through time remains ambiguous. This paper…

Governments increasingly use randomized controlled trials (RCTs) to test innovations, yet we know little about how they incorporate results into policymaking. We study 30 US cities that ran 73 RCTs with a national nudge unit. Cities adopt a nudge…

I highlight how mutual negative feedback between ethnic divisions, under-investment in public goods and violent conflict imply the presence of ethnic growth traps in many developing societies. I then identify important…