Publications

The Journal of Church and State is concerned with what has been called the “greatest subject in the history of the West.” It seeks to stimulate interest, dialogue, research, and publication in the broad area of religion and the state. JCS…

Will fast growing emerging economies sustain rapid growth rates until they “catch-up” to the technology frontier? Are there incentives for some developed countries to free-ride off of innovators and optimally “fall-back” relative to the frontier…

When asked to testify before Congress as to the lessons, if any, Americans could derive from the Iran-Contra fiasco that nearly felled the Reagan administration, then-Secretary of State George Schultz famously asserted that, when it comes to…

The situation Low trust has become virtually a default assumption, especially when it comes to the public’s expectations regarding the fundamental trustworthiness of American business and its leaders. Key questions What precisely can be done to…

This paper examines the determinants of live game Regional Sport Network average annual ratings in three major North American professional sport leagues: Major League Baseball (MLB), the National Basketball Association (NBA), and the National…

Although the scholarly literature on incumbency advantages focuses on personal advantages, the partisan incumbency advantage — the electoral benefit accruing to non-incumbent candidates by virtue of being…

We study sourcing in a supply chain with three levels: a manufacturer, Tier 1 suppliers, and Tier 2 suppliers prone to disruption from, e.g., natural disasters like earthquakes or floods. The manufacturer may not directly dictate which Tier 2…

Should another housing market crash occur, the government’s highest priority should be helping cash-short homeowners maintain spending in a weak economy and avoid foreclosure by temporarily reducing or deferring mortgage payments.

In this…

Research in the sociology of markets finds that shared meanings facilitate valuation and exchange by providing frameworks for perceiving and evaluating products and producers. Whereas studies of local sensemaking explain how meanings emerge…

We advance a theory of how organizational characteristics, in particular the structure of opportunity within organizations, shape the decision to become an entrepreneur. Established organizations play an important yet understudied role in the…

The least productive agents in an economy can be vital in generating growth by spurring technology diffusion. We develop an analytically tractable model in which growth is created as a positive externality from risk taking by firms…

We deal with the problem faced by a portfolio manager in charge of multiple accounts. We argue that, due to market impact costs, this setting differs in several subtle ways from the classical (single account) case, with the key distinction…