Publications

A solution concept that is a refinement of Nash equilibria selects for each finite game a nonempty collection of closed and connected subsets of Nash equilibria as solutions. We impose three axioms for such solution concepts. The axiom of…

Companies across industries face increasing pressure to assess the costs of decarbonizing their operations. This paper develops a generic model for constructing abatement cost curves in connection with carbon dioxide emissions. The resulting…

Failures in omnichannel retailers’ mobile apps can significantly impact shoppers’ purchases. The authors leverage a natural experiment involving an exogenous failure in a large omnichannel retailer’s app that made the app unavailable. They…

Drawing on the experiences of the historical Eurodollar market and recent Chinese dollar bond issuances traded outside US jurisdiction at negative spreads to Treasuries, we examine the conditions under which a parallel offshore dollar financial…

The Organisation for Economic Co-operation and Development (OECD) has promoted the adoption of internationally standardized transfer pricing rules to curb profit shifting for tax avoidance by multinational firms. In a 2023 study, Bustos and…

Recent research has identified several effective strategies for reducing Americans’ animosity toward supporters of opposing political parties. However, whether these strategies can durably reduce partisan animosity in a scalable manner and in…

The growing popularity of generative artificial intelligence (AI) tools presents new challenges for data quality in online surveys and experiments. This study examines participants’ use of large language models to answer open-ended survey…

We study the staggered introduction of a generative AI–based conversational assistant using data from 5,172 customer-support agents. Access to AI assistance increases worker productivity, as measured by issues resolved per hour, by 15% on average…

Artists and policy makers are concerned that Generative Artificial Intelligence (GenAI) may lead to disappearance of non-GenAI content. In this paper we study the implications of GenAI for the production and consumption of creative goods; such as…

This study implemented and evaluated a prediction-driven nurse staffing framework in a large adult emergency department. The framework leveraged a two-stage prediction model that forecasted patient volume and guided staffing decisions. Using a…

With the climate crisis intensifying in urgency, the stakeholders of global companies are clamoring for more reliable reporting regarding a company’s overall carbon footprint as well as the emissions attributed to individual products and services…

Background

The likelihood that a deceased donor kidney will be used evolves during the allocation process. Transplant centers can either decline an organ offer for a single patient or for multiple patients at the same time. We…

We study two-sided many-to-one matching markets with transferable utilities in which money can exchange hands between matched agents, subject to distributional constraints on the set of feasible allocations. In such markets, we establish that…

We consider a Bayesian persuasion model in which multiple receivers take one action each. We compare simultaneous procedures with sequential ones. In a simultaneous procedure, all the receivers act simultaneously following the realization of a…

Geoeconomics is the use of a country’s economic strength to exert influence on foreign entities to achieve geopolitical or economic goals. We discuss how concepts of power in the political science and economics literature can be used to guide…

We identify phrases associated with novel technologies using textual analysis of patents, job postings, and earnings calls, enabling us to identify four stylized facts on the diffusion of jobs relating to new technologies. First, the development…

Great powers are increasingly using their economic and financial strength for geopolitical aims. This rise of “geoeconomics” has the potential to reshape the international trade and financial system. This paper examines the role of domestic…

Converting public information into stock picks is unlikely to be costless, yet the magnitude of public information processing costs is unknown. We quantify extra-marginal information costs for mutual fund managers by building an “AI analyst” that…

We develop and estimate a two-sided matching model of auditors and clients. We find evidence that auditors and clients engage in matching based on their preferences on both observable and unobservable characteristics. This matching appears to…

Because employers provide health benefits to >50% of the working age U.S. population, benefits managers at companies who purchase and potentially oversee design and delivery of health benefits have an important role in affecting healthcare…