Publications

We propose that performing an independent task alongside a coactor who is an outstanding performer will improve a focal actor’s performance. In three studies that ranged from laboratory participants solving anagrams and playing video games to…

I describe two amplifications mechanisms that operate during crises and discuss the benefits of policy given each mechanism. The first mechanism involves asset prices and balance sheets. A negative shock to agents’ balance sheets causes them to…

This paper develops a model for the estimation and analysis of demand in the context of social interactions. Decisions made by a group of customers are modeled to be an equilibrium outcome of an empirical discrete game, such that all group…

The two major paradigms in the theoretical agency literature are moral hazard (i.e., hidden action) and adverse selection (i.e., hidden information). Prior research typically solves these problems in isolation, as opposed to simultaneously…

Linguists and psychologists have developed techniques to identify deceptive language and behavior. Why don’t shareholders use these same techniques to evaluate the truthfulness of management and detect financial manipulation?

In recent years, there has been considerable controversy about whether shareholders should be able to nominate candidates to serve on the board of directors. What impact would proxy access have on director elections? Would it improve or impair…

We calculate learning rates when agents are informed through public and private observation of other agents’ actions. We characterize the evolution of the distribution of posterior beliefs. If the private learning channel is present, convergence…

We examine how emotion (anger and happiness) affects value claiming and creation in a dyadic negotiation between parties with unequal power. Using a new statistical technique that analyzes individual data while controlling for dyad-level…

This paper deals with a subject of central interest for feminist economics: the working conditions of employees in a caregiving occupation that is low paid, female dominated and in an industry crucial for parents in the labor market. The…

Oblivious equilibrium is a new solution concept for approximating Markov perfect equilibrium in dynamic models of imperfect competition among heterogeneous firms and has recently been used in multiple economic studies. In this paper, we present…

More than half of companies today cannot immediately name a successor to their CEO should the need arise, according to new research conducted by Heidrick & Struggles and Stanford…

We study dynamic bargaining with asymmetric information and arrival of exogenous events, which represent arrival of traders or information. We characterize the unique limit of stationary equilibria with frequent offers. The possibility of…

One of the most important decisions that a board of directors must make is the selection of the CEO. What type of disclosure can provide shareholders with insight into succession planning?

Riders for Health had won international acclaim for its novel approach to maintaining health transport vehicles in sub-Saharan Africa. Yet the organization was having trouble scaling its services at its first site: Gambia. Here is how the…

Compensation and disclosure have grown very complex over time. Is this complexity necessary? Should it be simplified?

Experts place considerable emphasis on the board structure. Many boards now look indistinguishable, and yet can differ very much in terms of oversight quality. Has an emphasis on board structure led to a decrease in board quality?

Objective: To determine whether profit status is associated with differences in hospital days per patient, an outcome that may also be influenced by provider financial goals.

Data Sources: United States Renal Data System Standard…

Bendor, Moe and Shotts (2001) argued that it is possible to revitalize the GCT. Here we present one such attempt to capture some major aspects of garbage can processes that were stipulated by the original verbal theory. Our model…

We suggest that moral panics exert spillover effects through stigma by mere association. Individuals are harmed even if their ties to stigmatized affiliates are heterophilous, and high-status individuals can also suffer. This creates a…

This research explores how regulatory depletion affects consumers’ responses to advertising. Initial forays into this area suggest that the depletion of self-regulatory resources is irrelevant when advertisement arguments are strong or consumers…