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Journal Article

Unpaired Kidney Exchange: Overcoming Double Coincidence of Wants without Money

Mohammad Akbarpour, Julien Combe, Yinghua He, Victor Hiller, Robert Shimer, Olivier Tercieux
The Review of Economic Studies September12024

For an incompatible patient-donor pair, kidney exchanges often forbid receipt-before-donation (the patient receives a kidney before the donor donates) and donation-before-receipt, causing a double-coincidence-of-wants problem. Our proposed…

Journal Article

Can Technology Be Good for Health? Investigating Health-Promoting Strategies in the Private Sector

Brittany Sigler, Keshia Pollack Porter, Lindsay Thompson, Sara Singer, Darrell J. Gaskin
Frontiers in Public Health September2024 Vol. 12

Introduction: This research investigates what might motivate tech companies and impact-driven investors to adopt a health-promoting strategy in their product development and capital allocation strategies.

Methods…

Journal Article

Causal Message-Passing for Experiments with Unknown and General Network Interference

Sadegh Shirani , Mohsen Bayati
Proceedings of the National Academy of Sciences September2024 Vol. 121 Issue 40

Randomized experiments are a powerful methodology for data-driven evaluation of decisions or interventions. Yet, their validity may be undermined by network interference. This occurs when the treatment of one unit impacts not only its outcome but…

Journal Article

Causal Models for Longitudinal and Panel Data: A Survey

Dmitry Arkhangelsky, Guido W. Imbens
Econometrics Journal September2024 Vol. 27 Issue 3 Pages C1–C61.

In this survey we discuss the recent causal panel data literature. This recent literature has focused on credibly estimating causal effects of binary interventions in settings with longitudinal data, emphasising practical advice for empirical…

Journal Article

A Comparative Analysis of International Drug Price Negotiation Frameworks: An Interview Study of Key Stakeholders

Iselin Dahlen Syversen, Kevin A. Schulman, Aaron S. Kesselheim, William B. Feldman
The Milbank Quarterly September2024

Policy Points

  • Health care systems around the world rely on a range of methods to ensure the affordability of prescription drugs, including negotiating prices soon after drug approval and relying on formal clinical assessments that…
Journal Article

Drift Control of High-Dimensional Reflected Brownian Motion: A Computational Method Based on Neural Networks

Baris Ata, J. Michael Harrison, Nian Si
Stochastic Systems September2024

Motivated by applications in queueing theory, we consider a stochastic control problem whose state space is the d-dimensional positive orthant. The controlled process Z evolves as a reflected Brownian motion whose covariance…

Working Paper

Estimating Wage Disparities Using Foundation Models

Keyon Vafa, Susan Athey, David Blei
September2024

One thread of empirical work in social science focuses on decomposing group differences in outcomes into unexplained components and components explained by observable factors. In this paper, we study gender wage decompositions, which require…

Working Paper

Interest Rate Risk in Banking

Arvind Krishnamurthy, Peter M. DeMarzo, Stefan Nagel
September2024

We develop a theoretical and empirical framework to estimate bank franchise value. In contrast to regulatory guidance and some existing models, we show that sticky deposits combined with low deposit rate betas do not imply a negative duration for…

Journal Article

Internalizing Peer Firm Product Market Concerns: Supply Chain Relations and M&A Activity

Farzana Afrin, Jinhwan Kim, Sugata Roychowdhury, Benjamin P. Yost
Journal of Accounting Research September2024

We explore whether firms internalize the product market concerns of their economically linked peers by examining merger and acquisition decisions in the context of customer–supplier relations. Given the extensive transfer of capital, knowledge,…

Working Paper

Media Consolidation

Gregory J. Martin, Arianna Ornaghi, Nicola Mastrorocco, Joshua McCrain
September2024

Recent decades have seen major changes to the local media environment in the United States, with the absorption of many formerly independent local TV stations into conglomerates. Using a comprehensive dataset of acquisitions, we examine the…

Journal Article

Monetary Tightening and U.S. Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs?

Erica Xuewei Jiang, Gregor Matvos, Tomasz Piskorski, Amit Seru
Journal of Financial Economics September2024 Vol. 159

We analyze U.S. banks’ asset exposure to a recent rise in the interest rates with implications for financial stability. The U.S. banking system’s market value of assets is $2.2 trillion lower than suggested by their book value of assets…

Journal Article

Organizational Culture Archetypes and Firm Performance

Charles A. O’Reilly, Donald Sull
September2024 Vol. 182

Much of the research on organizational culture has been driven by the assumption that culture is associated with organizational performance. Surprisingly, the evidence for this linkage is ambiguous for two understandable reasons. First, there has…

Journal Article

Parallel Experimentation and Competitive Interference on Online Advertising Platforms

Caio Waisman, Navdeep S. Sahni, Harikesh S. Nair, Xiliang Lin
Marketing Science September2024 Vol. 44 Issue 2 Pages 437–456.

This paper studies the measurement of advertising effects on online platforms when parallel experimentation occurs, that is, when multiple advertisers experiment concurrently. It provides a framework that makes precise how parallel…

Journal Article

People Who Share Encounters with Racism Are Silenced Online by Humans and Machines, but a Guideline-Reframing Intervention Holds Promise

Cinoo Lee, Kristina Gligorić, Pratyusha Ria Kalluri, Maggie Harrington, Esin Durmus, Kiara L. Sanchez, Nay San, Danny Tse, Xuan Zhao, MarYam G. Hamedani, Hazel Rose Markus, Dan Jurafsky, Jennifer Eberhardt
Proceedings of the National Academy of Sciences September2024 Vol. 121 Issue 38

Are members of marginalized communities silenced on social media when they share personal experiences of racism? Here, we investigate the role of algorithms, humans, and platform guidelines in suppressing disclosures of racial discrimination. In…

Working Paper

Predicting Expert Evaluations in Software Code Reviews

Yegor Denisov-Blanch, Igor Ciobanu, Simon Obstbaum, Michal Kosinski
September2024

Manual code reviews are an essential but time-consuming part of software development, often leading reviewers to prioritize technical issues while skipping valuable assessments. This paper presents an algorithmic model that automates aspects of…

Journal Article

Psychology of Personal Political Engagement in Russia: Unpacking Perceived Community Culture, Pluralistic Ignorance, and System Justification

Albina Gallyamova, Dale T. Miller
Journal of Cross-Cultural Psychology September2024 Vol. 55 Issue 8 Pages 926–944.

This study explores the relationship between Russian citizens’ self-reported political engagement and their system justification beliefs, perceptions of the system justification beliefs of other citizens, and perceptions of their community…

Journal Article

Saving Millions in Government Procurement Through Data Science and Market Design

Marcelo Olivares, Daniela Saban, Gabriel Weintraub, Eduardo Lara, Piero Zanocco, Paula Moreno
INFORMS Journal on Applied Analytics September2024 Vol. 55 Issue 2

[Winner of the 2024 Informs Revenue Management and Pricing Section Practice Award; Finalist of the 2025 MSOM Society Award for Responsible Research in Operations Management]

Framework agreements (FAs) are procurement mechanisms used in…

Working Paper

Service Quality in the Gig Economy: Empirical Evidence about Driving Quality at Uber

Susan Athey, Juan Camilo Castillo, Bharat Chandar
September2024

The rise of marketplaces for goods and services has led to changes in the mechanisms used to ensure high quality. We analyze this phenomenon in the Uber market, where the system of pre-screening that prevailed in the taxi industry has been…

Journal Article

The Perils of Isolationism: The World Still Needs America — and America Still Needs the World

Condoleezza Rice
Foreign Affairs September2024 Vol. 103 Issue 5 Pages 8–25.

This article examines the current global landscape and the challenges the United States faces in relation to China and Russia. It emphasizes that the current situation is not a repeat of the Cold War but rather a more dangerous one. The article…

Journal Article

The Problem of Good Conduct Among Financial Advisers

Mark Egan, Gregor Matvos, Amit Seru
Journal of Economic Perspectives September2024 Vol. 38 Issue 4 Pages 193–210.

Households in the United States often rely on financial advisers for investment and savings decisions, yet there is a widespread perception that many advisers are dishonest. This distrust is not unwarranted: approximately one in fifteen advisers…