Publications

This paper studies the efficiency and distributive effects of three prominent accounting methods in auction settings when bidders’ incentives are linked to accounting income. The purchase price method (PP) requires the acquirer to book the…

In this paper we introduce a new computationally tractable framework for Ericson and Pakes (1995)- style dynamic oligopoly models that overcomes the computational complexity involved in computing Markov perfect equilibrium (MPE). First, we define…

Objective



This research sought to examine the relationship of individuals’ perceptions about their level of physical activity with mortality outcomes at the population level.

Method
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Managerial compensation typically relies on financial yardsticks, such as profits, stock prices, and return on equity, to achieve alignment between the interests of managers and shareholders. But financialized governance may not actually work…

The present research explores the shifting impact of sub-goals on human motivation as individuals move closer to goal attainment, and attributes this shift to the changing source of motivation at different time points during the goal pursuit. In…

While shaping aesthetic judgment and choice, socially constructed authenticity takes on some very different meanings among observers, consumers, producers and critics. Using a theoretical framework positing four distinct meanings of socially…

Financialized corporate governance as commonly practiced causes significant inefficiencies and harm. Corporations and governments routinely fail to design and enforce rules that reduce the opacity of corporations, create effective commitments…

Culture is like the wind. It is invisible, yet its effect can be seen and felt. When it is blowing in your direction it makes for smooth sailing. When it is blowing against you, everything is more difficult. For organizations seeking to become…

We model a dynamic economy with strategic complementarity among investors and endogenous government interventions that mitigate coordination failures. We establish equilibrium existence and uniqueness, and show that one intervention can affect…

The deceased-donor kidney transplant candidates in the US are ranked according to characteristics of both the donor and the recipient. We seek the ranking policy that achieves the best efficiency-equity tradeoff, taking into account patients’…

Conjoint analysis continues to be popular with over 18,000 applications each year. Choice-based conjoint (CBC) analysis is currently the most often used method of conjoint analysis accounting for eight-tenths of all conjoint studies. The CBC…

We propose that the relationship between job satisfaction and absenteeism depends partly on guilt proneness. Drawing on withdrawal and process models of absenteeism, we argue that job satisfaction predicts absences for employees who are low (but…

Research shows that optimism can positively impact health, but when and why people feel optimistic when confronting health challenges is less clear. Findings from six studies show that the frames people adopt when thinking about health challenges…

We investigate whether unpleasant environmental conditions affect stock market participants’ responses to information events. We draw from psychology research to develop a new prediction that weather-induced negative moods reduce market…

Early-stage capital providers and clean energy technology incubators are supporting a new wave of innovations focused on end-use efficiency and demand control. This wave complements expanding investments in supply technologies required for…

What drives motivation in multiphase competitions? Adopting a dynamic approach, this research examines how temporary standing—being ahead of (vs. behind) one’s opponent—in a multiphase competition shapes subsequent motivation. Six competitions…

I study the robust predictions of optimal dynamic learning strategy when the measure of signal informativeness is an indirect measure from sequential cost minimization. I first show that an indirect information measure is supported by sequential…

Received the Cozzarelli Prize in 2018, a National Academy of Sciences award for the top six papers of the year that best reflect “outstanding scientific excellence and originality.”

Received the Cialdini Award in 2018 from the…

We introduce uncertainty into Holmstrom and Milgrom (1987) to study optimal long-term contracting with learning. In a dynamic relationship, the agent’s shirking not only reduces current performance, but also increases the agent’s information rent…

We evaluate the effects of the 2009 Home Affordable Modification Program (HAMP) that provided intermediaries with sizable financial incentives to renegotiate mortgages. HAMP increased intensity of renegotiations and prevented a substantial number…