Publications

We show that the folk theorem holds generically for the repeated two-player game with private monitoring if the support of each player’s signal distribution is sufficiently large. Neither cheap talk communication nor public randomization is…

Managing difficult conversations is an important skill to develop and refine for all professionals and future leaders, particularly for those in health care where difficult situations with high stakes are prevalent. The intensity and frequency of…

From systematic racism to climate change, institutions in contemporary American society are increasingly expected to wake up to and take a stance on major social and political issues that challenge our societal well-being. Yet such communicative…

I study a dynamic model in which a decision-maker (DM) acquires information about the payoffs of different alternatives prior to making a decision. The model’s key feature is the flexibility of information: the DM can choose any dynamic signal…

Many people practiced COVID-19-related safety measures in the first year of the pandemic, but Republicans were less likely to engage in behaviors such as wearing masks or face coverings than Democrats, suggesting radical disparities in health…

The “freemium” model for digital goods involves selling a base version of the product for free, and making premium product features available to users only on payment. The success of the model is predicated on the ability to profitably convert…

The return expectations of public pension funds are positively related to cross-sectional differences in past performance. This positive relation operates through the expected risk premium, rather than the expected risk-free rate or inflation…

This paper considers top income taxation when (i) new ideas drive economic growth, (ii) the reward for successful innovation is a top income, and (iii) innovation cannot be perfectly targeted by a research subsidy — think about the business…

The COVID-19 pandemic has led many organizations to embrace virtual work, with some initial data suggesting that productivity may have increased. But these short-term gains may mask a longer-term threat to the ability of organizations…

Do the cultural works artists produce after receiving major awards change in character? As awards lessen the constraints artists typically face, we argue that award winners receive more opportunities, gain more autonomy…

We document regime change in the U.S. Treasury market post-Global Financial Crisis (GFC): dealers switched from a net short to a net long position in the Treasury market. We first derive bounds on Treasury yields that account for dealer balance…

web3 has created a new laboratory for democratic governance that interweaves civic and corporate governance traditions in a way previously impossible. Public and private incentives are entwined. Projects are open source and for-profit. Public…

Has the U.S. Supreme Court become more conservative than the public? We introduce results of three surveys conducted over the course of a decade that ask respondents about their opinions on the policy issues before the court. Using these data, we…

In this Closer Look, we use the example of VICI Properties — a publicly traded REIT that emerged from the bankruptcy of Caesar’s Entertainment — to examine how appropriate governance choices can change the course of a corporation and establish a…

Our goals are to quantify the impact on acute care utilization of a specialized COVID-19 clinic with an integrated remote patient monitoring program in an academic medical center and further examine these data with stakeholder perceptions of…

Theory plays an important role in health care management research. It provides a structure for investigating—often complex—phenomena and identifies potential relationships between variables. Theory directs scholars in the determination of…

We study how tax policies that lower the cost of capital impact investment and labor demand. Difference-in-differences estimates using confidential Census Data on manufacturing establishments show that tax policies increased both investment and…

We study how market design choices exacerbate or mitigate pre-existing inequalities among participants. We introduce outside options in a well-known school choice model, and show that students always prefer manipulable over strategy-proof…

We study identification and estimation of causal effects in settings with panel data. Traditionally, researchers follow model-based identification strategies relying on assumptions governing the relation between the potential outcomes and the…