Publications

We analyze the behavior of price setters in Poland during transition from a planned to a market economy, using a large disaggregated data set. The size of price changes and the frequency of adjustment both fall as the inflation rate declines.…

We provide a definition of institutionalism and a schematic account that distinguishes between institutional theories (in which institutions are exogenous) and theories of institutions (in which some, but necessarily not all, institutions are…

When countries attempt to stabilize annual inflation rates that are greater than 40 percent, the domestic stock market appreciates by 24 percent on average. The present value of the long-run benefits to shareholders of reducing high inflation…

Firms and individuals who sell opinions may bias their reports for either behavioral or strategic reasons. This paper proposes a methodology for measuring these biases, particularly whether opinion producers under or over emphasize their private…

A longstanding sociological conjecture predicts that conformity is high in the middle and low at either end of a status order. Despite the intuitive pull of this idea, it has encountered both theoretical and empirical difficulties. This paper…

Abstract not available.

Three experiments supported the hypothesis that people are more willing to express attitudes that could be viewed as prejudiced when their past behavior has established their credentials as nonprejudiced persons. In Study 1, participants given…

Two studies examined the hypothesis that chunking—defined as the degree to which information is grouped into explicitly labeled categories of distinct valence—moderates the impact of motivation to think on order effects in…

Consider a single-server queueing system with K job classes, each having its own renewal input process and its own general service time distribution. Further suppose the queue is in heavy traffic, meaning that its traffic intensity parameter is…

This paper investigates the role of non-financial performance measures in executive compensation. Using a sample of Internet firms we document that web traffic, an important non-financial measure for firms in the Internet industry, is positively…

This article asks a basic question of organizational evolution: When and where will a new organizational form emerge? Using a definition of organizational forms as external identity codes, we focus on two answers drawn from contemporary…

We propose a boundedly-rational model of opinion formation where agents are subject to the phenomenon of persuasion. We argue that persuasion whereby repeated exposure to an opinion has a cumulative effect on an agents beliefs is pervasive and…

Krishna and Morgan (2001a) propose “amendments” to two of Gilligan and Krehbiel’s (1987, 1988) theoretical studies of legislative signaling. The new results for homogeneous committees do not significantly change the empirical expectations of…

Background: One proposal to increase kidney transplantation is to exchange kidneys between pairs of ABO-incompatible (or crossmatch -incompatible) living donors and their recipients. One variation that has greater potential exchanges living donor…

eBay provides an online auction venue for remote and anonymous individuals to realize gains from trade. As a venue it never sees the items sold, verifies the item listings, handles settlements, or represents either the buyer or seller. Despite…