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The Returns to Elite Degrees: The Case of American Lawyers
The authors study the market for young attorneys. Using data from two surveys of attorneys who passed the bar exam in 2000, they find that attorneys who graduate from law schools ranked in the Top 10 nationally earn considerably more than those…
What Matters for the Productivity of Kidney Exchange?
Kidney exchange platforms serve patients who need a kidney transplant and who have a willing, but incompatible, donor. These platforms match patients and donors to produce transplants. This paper documents operational details of the three largest…
Donn, Vic and Tiki Bar Authenticity
This study explores the social history of the tiki bar and associated phenomena from its origins in the 1930s up to the present. In doing so we aim to contribute to theory on consumer research about social categories and authenticity. Piecing…
Making the Right Assignment: Optimal Contracting for Post-Hire Selection
We study the contracting problem of a principal who chooses between motivating an agent to exert effort or taking her outside option. The agent is privately informed about his ability, where a higher-ability agent faces a lower cost of exerting…
Local News and National Politics
The level of journalistic resources dedicated to coverage of local politics is in a long term decline in the US news media, with readership shifting to national outlets. We investigate whether this trend is demand- or supply-driven, exploiting a…
Estimating the Net Value of Treating Hepatitis C Virus Using a Newly Available Direct-Acting Antiviral in India
Blockchain for Social Impact
The promise — and potential — of blockchain to drive social impact is massive, but how much of it is hype and how much is reality?
Proponents contend blockchain will touch, if not disrupt, every major industry and will even alter the way…
Preoperative Hematocrit and Platelet Count are Associated with Blood Loss During Spinal Fusion for Children with Neuromuscular Scoliosis
To assess the relationship of preoperative hematology laboratory results with intraoperative estimated blood loss and transfusion volumes during posterior spinal fusion for pediatric neuromuscular scoliosis.
Retrospective chart review of…
Uncertainty Shocks, Asset Supply and Pricing over the Business Cycle
This article estimates a business cycle model with endogenous financial asset supply and ambiguity averse investors. Firms’ shareholders choose not only production and investment, but also capital structure and payout policy subject to financial…
Addressing Unmeasured Confounding in Comparative Observational Research
Purpose: Observational pharmacoepidemiological studies can provide valuable information on the effectiveness or safety of interventions in the real world, but one major challenge is the existence of unmeasured confounder(s…
An Ecosystem-Level Process Model of Business Model Disruption: The Disruptor's Gambit
Based on a longitudinal case study, this paper presents an ecosystem-level process model of the interlocking key activities of the business model disruptor, other ecosystem participants (customers, partners, media, analysts), and the incumbent.…
Crowdsourcing Exploration
Motivated by the proliferation of online platforms that collect and disseminate consumers’ experiences with alternative substitutable products/services, we investigate the problem of optimal information provision when the goal is to maximize…
Dividing the Dollar with Formulas
In advanced democracies, most government spending is allocated according to criteria approved by a legislature but implemented by the bureaucracy. I ask whether this fact imposes a binding constraint on the ability of legislators to engage in…
Family Ruptures, Stress, and the Mental Health of the Next Generation
This paper studies how in utero exposure to maternal stress from family ruptures affects later mental health. We find that prenatal exposure to the death of a maternal relative increases take-up of ADHD medications during childhood and anti-…
Gender and Networks
It's Not Going to Be That Fun: Negative Experiences Can Add Meaning to Life
People seek to spend time in positive experiences, enjoying and savoring. Yet there is no escaping negative experiences, from the mundane (e.g., arguing) to the massive (e.g., death of a child). Might negative experiences confer a hidden benefit…
Just a Few Seeds More: Value of Network Information for Diffusion
Identifying the optimal set of individuals to first receive information (`seeds’) in a social network is a widely-studied question in many settings, such as the diffusion of information, microfinance programs, and new technologies. Numerous…
Making Conventional Agriculture Environmentally Friendly: Moving beyond the Glorification of Organic Agriculture and the Demonization of Conventional Agriculture
The article reviews the most recent research surrounding the potential role of organic agriculture in providing food for the planet. It challenges the claims of organic agriculture’s environmental superiority compared to well-managed,…
Operational Volatility and Synergistic Value in Vertically Integrated Energy Systems
We examine the magnitude of synergistic effects in vertically integrated energy systems that arise when the external market for an intermediate input (electricity) is imperfect and the two subsystems are subject to operational volatility in terms…
The Asymmetric Impact of Context on Advantaged Versus Disadvantaged Options
Despite substantial prior research regarding the effect of context on choices, uncertainty remains regarding when particular context effects will be observed. In this article, the authors advance a new perspective on context-dependent choices,…