Publications

Many people practiced COVID-19-related safety measures in the first year of the pandemic, but Republicans were less likely to engage in behaviors such as wearing masks or face coverings than Democrats, suggesting radical disparities in health…

The “freemium” model for digital goods involves selling a base version of the product for free, and making premium product features available to users only on payment. The success of the model is predicated on the ability to profitably convert…

The return expectations of public pension funds are positively related to cross-sectional differences in past performance. This positive relation operates through the expected risk premium, rather than the expected risk-free rate or inflation…

This paper considers top income taxation when (i) new ideas drive economic growth, (ii) the reward for successful innovation is a top income, and (iii) innovation cannot be perfectly targeted by a research subsidy — think about the business…

The COVID-19 pandemic has led many organizations to embrace virtual work, with some initial data suggesting that productivity may have increased. But these short-term gains may mask a longer-term threat to the ability of organizations…

Do the cultural works artists produce after receiving major awards change in character? As awards lessen the constraints artists typically face, we argue that award winners receive more opportunities, gain more autonomy…

We document regime change in the U.S. Treasury market post-Global Financial Crisis (GFC): dealers switched from a net short to a net long position in the Treasury market. We first derive bounds on Treasury yields that account for dealer balance…

web3 has created a new laboratory for democratic governance that interweaves civic and corporate governance traditions in a way previously impossible. Public and private incentives are entwined. Projects are open source and for-profit. Public…

Has the U.S. Supreme Court become more conservative than the public? We introduce results of three surveys conducted over the course of a decade that ask respondents about their opinions on the policy issues before the court. Using these data, we…

In this Closer Look, we use the example of VICI Properties — a publicly traded REIT that emerged from the bankruptcy of Caesar’s Entertainment — to examine how appropriate governance choices can change the course of a corporation and establish a…

Our goals are to quantify the impact on acute care utilization of a specialized COVID-19 clinic with an integrated remote patient monitoring program in an academic medical center and further examine these data with stakeholder perceptions of…

Theory plays an important role in health care management research. It provides a structure for investigating—often complex—phenomena and identifies potential relationships between variables. Theory directs scholars in the determination of…

We study how tax policies that lower the cost of capital impact investment and labor demand. Difference-in-differences estimates using confidential Census Data on manufacturing establishments show that tax policies increased both investment and…

We study how market design choices exacerbate or mitigate pre-existing inequalities among participants. We introduce outside options in a well-known school choice model, and show that students always prefer manipulable over strategy-proof…

We study identification and estimation of causal effects in settings with panel data. Traditionally, researchers follow model-based identification strategies relying on assumptions governing the relation between the potential outcomes and the…

We develop three complementary tests to examine how adverse selection affects the design of executive compensation contracts: First, we show that externally hired CEOs receive higher total pay and have fewer equity incentives relative to…

Background and Objectives: Despite compelling evidence that patients and families report valid and unique safety information, particularly for children with medical complexity (CMC), hospitals typically do not proactively solicit…

The organizational structure of the bureaucracy is a key determinant of policy outcomes. Bureaucratic agencies exhibit wide variation in their organizational capacity, which allows politicians to strategically shape policy implementation. This…

Entrepreneurial support organizations called pacers are helping businesses in emerging markets achieve their goals by providing services for them in the long run. A blueprint for shifting to a pacer model shows how organizations can support…