Publications

For the past twenty five years, economists have been building theories of the optimal management of firms. For example, economic models suggest that under some conditions, piece rate pay raises performance, and under other conditions, promotions…

Drawing on gender role theory and tournament theory, we examined the effects of sex and organizational culture preferences on the incomes of MBA graduates over an 8-year period. We found that masculine culture preferences led to higher income 4…

This research examines the influence of types of protest activities, Congressional hearings and political characteristics on environmental legislation enacted from 1961-1990. We find that rates of environmental protest rise with increases in the…

We solve for the equilibrium dynamics of information sharing in a large population. Each agent is endowed with signals regarding the likely outcome of a random variable of common concern. Individuals choose the effort with which they search for…

We present a demand system for tied goods incorporating dynamics arising from the tied nature of the products and the stockpiling induced by storability and durability. We accommodate competition across tied good systems and competing downstream…

To explain varying levels of collective action by social movement organizations in the United States operating during the height of the 1960s protest cycle, this article examines social movement sector-level dynamics alongside indicators of…

This paper shows that major components of modern manufacturing processes, such as inventory management and cross-training, play a significant control role. In our model, workers possess information that is critical to efficient ongoing operations…

A number of recent marketing studies examine the stock market’s response to the release of American Customer Satisfaction Index (ACSI) scores. The broad purpose of these studies is to investigate the stock market’s valuation of customer…

I present a stochastic version of Tirole’s (1996) collective reputation model. In equilibrium, group behavior is persistent due to complementarity between the current incentives of group members and the group’s reputation, which depends on its…

Open source software is becoming increasingly prominent, and the economic structure of open source development is changing. In recent years, firms that are motivated by revenues from software services markets have become primary contributors to…

The asset allocation of defined benefit pension plans is a setting where both risk-shifting and risk-management incentives are likely be present. Empirically, firms with poorly funded pension plans and weak credit ratings allocate a greater share…

We describe an experiment conducted in Bangalore, India, for incentivizing a population of commuters to travel at less congested times. The goals were to reduce the travel times and increase the travel comfort of commuters, and to reduce…

The election of the first Black president was a watershed moment in American race relations, and many Obama voters saw their choice as affirming and furthering the dream of racial equality. However, the present study provides evidence that Obama…

Why do well-known ideas, practices, and people maintain their cultural prominence in the presence of equally good or better alternatives? This article suggests that a social-psychological process whereby people seek to establish common ground…

The book is divided into three relatively coherent sections that focus on understanding the emergence of (un)ethical decisions and behaviors in our work and social lives by adopting a psychological framework. The first section focuses on…

Three studies tested whether group members whose opinions differ from the average member’s opinion in the direction of the group prototype (“descriptive norm deviants”) are more vocal than those whose opinions differ in the opposite direction (“…

We examine the consequences of existing regulations on the quality of mortgage loans originations in the originate-to-distribute (OTD) market. The…

Do voters effectively hold elected officials accountable for policy decisions? Using data on natural disasters, government spending, and election returns, we show that voters reward the incumbent presidential party for delivering disaster relief…

Since World War II, direct stock ownership by households has largely been replaced by indirect stock ownership by financial institutions. We argue that tax policy is the driving force. Using long time-series from eight countries, we show…