Publications

This article examines how cultural matching relates to a job applicant’s likelihood of getting hired into an organization and identifies the components of cultural similarity that matter most for hiring success. Cultural compatibility at…

We find new facts that relate the evolution of firm scope to the changing frictions in external capital markets over the last three decades. We find that large, diversified publicly traded firms increase their scope during times of high external…

Concerns that interest groups use their financial resources to distort the democratic process are long-standing. Surprisingly, though, firms spend little money on political campaigns, and roughly 95% of publicly traded firms in the United States…

The United Nations approach to climate policy is and has been to focus on emission caps. Since emission of greenhouse gases is the direct cause of human-made climate change, capping country-specific emissions may at first appear to be a precise…

It has been well documented that the dispersion of income within most countries has grown over time. Dispersion can be a reflection of some positive features of an economy, most notably, increased returns to investing in skills. It is…

In a little over two decades, the Journal of Consumer Psychology has rapidly risen to become a premier research outlet. Under Pechmann and Kirmani’s excellent stewardship, the number of submissions has grown from 336 in 2010 to 483 in 2016 — a 43…

We study the relationship among productivity, management practices, and employee ability using German data combining management practices surveys with employees’ longitudinal earnings records. Including human capital reduces the association…

We study contracting for a three-tier supply chain consisting of a buyer, a supplier, and a sub-supplier where disruptions of random length occur at the sub-supplier. As is common in supply chains, the buyer has a direct relationship with the…

The preference for morality in others is regarded as a dominant factor in person perception. Moral traits are thought to foster liking, and immoral traits are thought to foster disliking, irrespective of the context in which they are embedded. We…

How people think about and use their time has critical implications for happiness and well-being. Extant research on time in the consumer behavior literature reveals a predominantly dichotomized perspective of time between the present and future…

In this state-of-the-art textbook, a distinguished team of established experts and rising scholars discuss the legacy of the Obama years and the impact of the unexpected Trump presidential victory of 2016. Carrying on the tradition set by its…

This paper studies the reliability of financial reporting when the credibility of the manager, represented by his misreporting propensity, is unknown. We show that credibility concerns affect the time-series of reported earnings, book values, and…

With growing affective polarization in the United States, partisanship is increasingly an impediment to cooperation in political settings. But does partisanship also affect behavior in nonpolitical settings? We show evidence that it does,…

Revision Requested, American Economic Review

We exploit quasi-experimental variation in assignment of rent control to study its impacts on tenants, landlords, and the overall rental market. Leveraging new data tracking individuals…

This paper provides an assessment of the early contributions of machine learning to economics, as well as predictions about its future contributions. It begins by briefly overviewing some themes from the literature on machine learning, and then…

Whether fair value accounting should be used in financial reporting has been the subject of debate for many years. A key dimension to this debate is whether fair value earnings can provide information to financial statement users that is helpful…

Being hired into a job depends not only on one’s own skill but also on that of other applicants. When another able applicant applies, a well-suited worker may be forced into unemployment or into accepting an inferior job. A model of this process…

An agent facing sequential decisions that are characterized by partial feedback needs to strike a balance between maximizing immediate payoffs based on available information, and acquiring new information that may be essential for maximizing…

We investigate the asymptotic distributions of coordinates of regression M-estimates in the moderate p / n regime, where the number of covariates p grows proportionally with the sample size n. Under appropriate…

Abstract coming soon.