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Generative AI in Equilibrium: Evidence from a Creative Goods Marketplace
Artists and policy makers are concerned that Generative Artificial Intelligence (GenAI) may lead to disappearance of non-GenAI content. In this paper we study the implications of GenAI for the production and consumption of creative goods; such as…
Implementing a Prediction Driven Framework for Emergency Department Nurse Staffing to Optimize Real Time Decisions
This study implemented and evaluated a prediction-driven nurse staffing framework in a large adult emergency department. The framework leveraged a two-stage prediction model that forecasted patient volume and guided staffing decisions. Using a…
Innovations in Corporate Carbon Accounting
With the climate crisis intensifying in urgency, the stakeholders of global companies are clamoring for more reliable reporting regarding a company’s overall carbon footprint as well as the emissions attributed to individual products and services…
Insights From Refusal Patterns for Deceased Donor Kidney Offers
Background
The likelihood that a deceased donor kidney will be used evolves during the allocation process. Transplant centers can either decline an organ offer for a single patient or for multiple patients at the same time. We…
Matching with Transfers Under Distributional Constraints
We study two-sided many-to-one matching markets with transferable utilities in which money can exchange hands between matched agents, subject to distributional constraints on the set of feasible allocations. In such markets, we establish that…
Persuasion with Multiple Actions
We consider a Bayesian persuasion model in which multiple receivers take one action each. We compare simultaneous procedures with sequential ones. In a simultaneous procedure, all the receivers act simultaneously following the realization of a…
Putting Economics Back Into Geoeconomics
Geoeconomics is the use of a country’s economic strength to exert influence on foreign entities to achieve geopolitical or economic goals. We discuss how concepts of power in the political science and economics literature can be used to guide…
The Diffusion of New Technologies
We identify phrases associated with novel technologies using textual analysis of patents, job postings, and earnings calls, enabling us to identify four stylized facts on the diffusion of jobs relating to new technologies. First, the development…
The Political Economy of Geoeconomic Power
Great powers are increasingly using their economic and financial strength for geopolitical aims. This rise of “geoeconomics” has the potential to reshape the international trade and financial system. This paper examines the role of domestic…
The Shadow Price of “Public” Information
Converting public information into stock picks is unlikely to be costless, yet the magnitude of public information processing costs is unknown. We quantify extra-marginal information costs for mutual fund managers by building an “AI analyst” that…
Two-Sided Matching in the Audit Market
We develop and estimate a two-sided matching model of auditors and clients. We find evidence that auditors and clients engage in matching based on their preferences on both observable and unobservable characteristics. This matching appears to…
An Absence of Accountability: Evidence of Employers’ Failure to Measure and Manage Employee Health Benefits Administration
Because employers provide health benefits to >50% of the working age U.S. population, benefits managers at companies who purchase and potentially oversee design and delivery of health benefits have an important role in affecting healthcare…
Beauty as a Goal: Creating Harmony Between Health and Taste
Individuals frequently perceive a tradeoff between health and taste, leading to poor dietary choices. This research identifies a novel pathway to healthier eating by harmonizing seemingly conflicting goals: seeking beauty in food. Across seven…
Does Expressing Uncertainty Help or Harm Leaders?
Can leaders benefit from vocalizing uncertainty? Past research outlines two opposing positions. On one hand, individuals who express confidence signal competence and, as a result, attain greater influence in social groups. On the other hand,…
Using Multiple Outcomes to Adjust Standard Errors for Spatial Correlation
Empirical research in economics often examines the behavior of agents located in a geographic space. In such cases, statistical inference is complicated by the interdependence of economic outcomes across locations. A common approach to account…
Exorbitant Privilege Gained and Lost: Fiscal Implications
We study three centuries of U.K., U.S. and Dutch fiscal history. When a country is the dominant safe asset supplier, it can issue more debt than what is justified by its future primary surpluses, even after accounting for seigniorage revenue from…
"Don't You Plan on Voting?" The Motives and Effects of Peer Pressure in Voter Mobilization
This paper studies the motives behind socially pressuring others in the context of voter mobilization. In this online experiment, college students choose whether to send an email that pressures their campus peers to register to vote for the 2020…
Breaking Through the Ethnic Growth Trap
In this overview piece, I review the literature and identify important directions for how developing societies can break out of such ethnic growth traps and instead leverage the gains that can often be had from ethnic diversity. To do this…
Brokered Distances: Trust in Brokers Within and Between Organizations
Organizational brokers, such as producers, diplomats, and middle managers, connect people within and across organizations. Trust in brokers promotes their effectiveness in connecting unfamiliar counterparts and transferring information between…
Customer Data Access and Fintech Entry: Early Evidence from Open Banking
Open banking (OB) empowers bank customers to share their financial transaction data with fintechs and other banks. New cross-country data shows 49 countries adopted OB policies, privacy preferences predict policy adoption, and adoption spurs…