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LifeStraw Carbon for Water: Sustainable Funding for a Public Health Intervention
Vestergaard Frandsen (VF) is a for-profit company that operates under a humanitarian entrepreneurship business model. Committed to supporting the achievement of the United Nations Millennium Development Goals, VF creates and deploys technologies…
Making Banks Transparent
It was March 2007, and in the Mediterranean resort of Monte Carlo, Matt King was making dire predictions about a collapse of the U.S. subprime housing market-a subject that must have seemed as inconsequential as it was foreign to most of this…
Market Liquidity: Asset Pricing, Risk, and Crises
This book presents the theory and evidence on the effect of market liquidity and liquidity risk on asset prices and on overall securities market performance. Illiquidity means incurring a high transaction cost, which includes a large price impact…
A Market-Based Study of the Costs of Default
This article proposes a novel method of extracting the cost of default from the change in the market value of a firm’s assets upon default. Using a large sample of firms with observed prices of debt and equity that defaulted over fourteen years,…
Masters of Disaster: The Ten Commandments of Damage Control
Whether you’re a politician caught with his pants down, a publicly traded company accused of accounting improprieties, a family-owned restaurant with a lousy Yelp review or just the guy in the corner cubicle who inadvertently pushed “reply all,”…
Maternova: Bringing Together Buyers and Sellers
Maternova was founded in 2009 as a mission-driven for-profit organization with two main objectives: (1) to provide an online knowledge platform that would allow health workers, innovators, organizations, policymakers, and individuals working in…
Metacognitive theory in consumer research
Imagine the following scenario: Two consumers, Suzy and Carrie, are both looking to buy a new car. They have identical demographic and socioeconomic profiles, go to the same dealer, interact with the same salesperson, and ultimately arrive at the…
Microeconomic Foundations I: Choice and Competitive Markets
Microeconomic Foundations I develops the choice, price, and general equilibrium theory topics typically found in first-year theory sequences, but in deeper and more complete mathematical form than most standard texts provide. The…
Multi-Method Approaches to Studying Judgment in Real-World Trust Dilemmas
Not All Selves Feel the Same Uncertainty: Motivated Assimilation to Primes among Individualists and Collectivists
Three experiments and a pilot study demonstrated that uncertainty about the self is uncomfortable (Pilot Study) and causes people to change their self-concepts in response to primes (Experiments 1–3), depending on both the nature of the…
Not Only What But also When: A Theory of Dynamic Voluntary Disclosure
We study a dynamic strategic model of voluntary disclosure of multiple pieces of information. Such situations are prevalent in real life, e.g., in corporate disclosure environments that are characterized by information asymmetry between the firm…
On the Power of (Even a Little) Resource Pooling
We propose and analyze a multi-server model that captures a performance trade-off between centralized and distributed processing. In our model, a fraction p of an available resource is deployed in a centralized manner (e.g., to serve a most-…
Out of Tune: The Rise and Fall of Modernistic Music in Brussels, 1919-1939
Genre emergence is a collective sense-making process that goes together with the classification of cultural objects. New genres achieve a taken-for-granted status and obtain legitimacy when audiences reach consensus about the labels and…
PATH I: Building a Direct Sales Force
In late 2006, the PATH Safe Water Project received a $17 million grant from the global development unit of the Bill and Melinda Gates Foundation. Its purpose was to evaluate how market-based approaches could help accelerate the widespread…
PATH II: Demonstrating Products in Rural Areas
In late 2006, the PATH Safe Water Project received a $17 million grant from the global development unit of the Bill and Melinda Gates Foundation. Its purpose was to evaluate how market-based approaches could help accelerate the widespread…
Phoenix I: Generating Preliminary Sales
Phoenix Medical Systems was founded to manufacture an incubator designed specifically to address the needs of low-resource healthcare providers in India. Initially its founder, who also designed the device, tried selling his incubator through the…
PlayPumps International: Gaining User Buy-In
Trevor Field, a retired British businessman and outdoor advertising executive, was deeply moved when he observed women and girls in rural villages of South Africa shouldering the daily burden of collecting water. When he became aware of a…
Psychological Aspects of Social Communities
Social Network Analysis has often focused on the structure of the network without taking into account the characteristics of the individual involved. In this work, we aim at identifying how individual differences in psychological traits affect…
Ranking Friends
We investigate the scope for cooperation within a community engaged in repeated reciprocal interactions. Players seek the help of others and approach them sequentially according to some fixed order, that is, a ranking profile. We study the…
Reforming the Tax Preference for Employer Health Insurance
The tax preference for employer-sponsored health insurance contributes to the very high level of health spending in the United States. In this paper, we consider the consequences for spending of one approach to reducing this preference: giving…