Publications

The role of deliberation among citizens to determine and forge agreement on policy is often seen as a crucial feature of democratic government. This paper provides the first large-N empirical evidence on the credibility of voice in a deliberative…

Inventories and price changes are correlated. The inverse relation is most obvious in housing where inventories build in low demand markets and shrink in high demand markets. This is a puzzle. Symmetry of information among buyers and sellers…

The central argument for increasing the number of women on corporate boards of directors has been the so-called business case for diversity which proposes that women and minorities add valuable new perspectives that result in enhanced corporate…

d.light design is a for-profit social enterprise whose purpose is to create new freedoms for customers without access to reliable power so they can enjoy a brighter future. The company designs, manufactures, and distributes solar light and power…

d.light design is a for-profit social enterprise whose purpose is to create new freedoms for customers without access to reliable power so they can enjoy a brighter future. The company designs, manufactures, and distributes solar light and power…

It’s not easy, but some leading companies have found that the right incentives and collaborative efforts can help their suppliers achieve better environmental performance. For this MIT Sloan Management Review article, Stanford Professors Hau L.…

Abstract is not available.

Most corporate governance research focuses on the behavior of chief executive officers, board members, institutional shareholders, and other similar parties. Little research focuses on the impact of executives whose primary responsibility is to…

Credence attributes of products are unobservable through search or experience. Some consumers are willing to pay a premium for their provision, and in addition, citizens can apply social pressure on firms to supply credence attributes. Firms have…

We consider the strategic timing of information releases in a dynamic disclosure model. Because investors don’t know whether or when the firm is informed, the firm will not necessarily disclose immediately. We show that bad market news can…

In this paper, we propose a new tractable framework for dealing with linear dynamical systems affected by uncertainty, applicable to multistage robust optimization and stochastic programming. We introduce a hierarchy of near-optimal…

For members of a customer loyalty program that allows them to redeem something when they accumulate a certain number of points, they should be particularly concerned about two things: how far they have gone in the program (i.e., the number of…

Executive compensation figures are not what they seem. Executive pay packages contain a diverse mix of incentives whose ultimate value is often quite different from their expected value. Why don’t companies clearly differentiate between expected…

Personnel economics is a field that grew out of business education and the need to provide aspiring managers with methods for increasing firm productivity. Most of the literature focuses on compensation and management practices that affect…

I present a theory of optimal multilateral trade agreements with public political shocks. I first show that forbearance - where one country withholds retaliation when its trading partner receives a shock - is a feature of an optimal agreement.…

We discuss how regression discontinuity designs arise naturally in settings where firms target marketing activity at consumers, and we illustrate how this aspect may be exploited for econometric inference of causal effects of marketing effort.…

Tariff bindings and administered protection are two characteristics of the WTO that are little understood. Tariff bindings place a ceiling on tariffs that is not always reached, while administered protection ensures that all sectors have access…

Policymaking is hard. Policymakers typically have imperfect information about which policies produce which outcomes, and they are left with little choice but to fumble their way through the policy space via a trial-and-error process. This raises…

The failure to align the incentives of self-interested groups in favor of beneficial reform is often considered a major cause of persistent underdevelopment around the world. However, much less is known about strategies that have been successful…