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- Faculty Publications (80)
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- 14 Dec 2009
- Research & Ideas
Can Entrepreneurs Drive People Movers to Success?
transport/ride launched in 1967), and numerous airports. However, these systems were largely designed to move a large number of people on a fixed schedule along a track from point to point to point. In today's revival, people movers are...
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- 26 Jul 2010
- Research & Ideas
Yes, You Can Raise Prices in a Downturn
higher prices," says Frank V. Cespedes, a senior lecturer at Harvard Business School, who spent 12 years running a professional services firm. That's right. Higher prices, not lower. “Competing on price is ultimately a bet on your View Details
- 25 Sep 2018
- First Look
New Research and Ideas, September 25, 2018
taxes on individual inventors and firms (the micro level) and on states over time (the macro level). We propose several identification strategies, all of which yield consistent results: i) OLS with fixed effects, including inventor and...
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Dina Gerdeman
- 01 Dec 2015
- First Look
December 1, 2015
Statistics Survive Another Day: Using Changes in the Composition of Investments to Measure the Cost of Credit Constraints By: Garicano, Luis, and Claudia Steinwender Abstract—We introduce a novel empirical strategy to measure the size of...
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Sean Silverthorne
- 06 Jan 2003
- What Do You Think?
China: The Next Big Market Opportunity or the Next Big Bubble?
view raises questions of whether there will be an adequate supply of such talent. Will impatient Western managers eager to develop Chinese business opportunities delay initiatives until the right people can be found? How high is the cost...
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by James Heskett
- 23 Jan 2015
- Research & Ideas
Oil Price Fallout: What Happens Next?
Arabia is now content to stand pat and let the market fix itself. "Oil is a large part of the Saudis' budget as well, but they're also running a huge surplus," he said. "So I think they've decided they can take the lower...
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- 05 Jun 2012
- First Look
First Look: June 5
ability of a firm to transfer its capabilities across markets: no learning, local learning, and global learning. Three equilibrium strategies arise: accommodate, marginalize, and collocate. We identify how these strategies emerge depending on the tradeoff between the...
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Sean Silverthorne
- 06 Aug 2008
- Research & Ideas
Are the Olympics a Catalyst for China Reforms?
support productive change in China, can also function as constructive bridges. Seeing China as a short-term cost minimization fix is, in this sense, a lost opportunity. Q: It seems that China had hoped to...
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by Sean Silverthorne
- 03 Oct 2013
- Research & Ideas
Lehman Brothers Plus Five: Have We Learned from Our Mistakes?
stagnant since the 1970s. We now worry about government-caused asset bubbles. Governments must avoid doing this because asset bubbles benefit virtually no one and harm nearly everyone. Cleaning up the mess is a deadweight cost to society...
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- 15 Dec 2009
- First Look
First Look: Dec. 15, 2009
Policies that would create net benefits for society but would also involve costs frequently lack the necessary support to be enacted because losses loom larger than gains psychologically. To reduce the harmful consequence of loss...
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Martha Lagace
- 09 May 2018
- Research & Ideas
A Simple Way for Restaurant Inspectors to Improve Food Safety
fix those problems. The researchers studied a sampling of data from Hazel Analytics, which gathers food safety inspections from local governments across the United States. The sample included information on 12,017 inspections by 86...
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- 15 Feb 2017
- Op-Ed
What Africa Can Teach the United States About Funding Infrastructure Projects
President Trump’s infrastructure plan and a counterproposal by Senate Democrats are rising toward the top of the national agenda. All agree that there is a pressing need to fix the collapsing bridges, potholed roads, crashing trains, and...
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- 13 May 2019
- Research & Ideas
The Unexpected Way Whistleblowers Reduce Government Fraud
contracts.” In fixed-price contracts, the supplier provides a product or service to the government at a fixed price. In cost-plus contracts, the supplier bills the government based on reported production View Details
- 28 Jun 2017
- Research & Ideas
Minimum Wage Hikes Drive (Lousy) Restaurants Out of Business
Fittest: The Impact of the Minimum Wage on Firm Exit. One lesson is clear: Businesses that provide higher-quality service and maintain a solid reputation can become more insulated from market shocks, such as increases in fixed costs. The...
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- 02 Oct 2008
- What Do You Think?
Workout vs. Bailout: Should Government Take Advantage of the Buffett Effect?
trying to fix the blame for the problem pointed in several directions. Bottoms-up (mortgage related) as well as top-down (concerning only financial institutions) solutions were favored. Now the definition of those institutions qualifying...
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by Jim Heskett
- 08 Aug 2006
- First Look
First Look: August 8, 2006
(dating from the 1950's in psychology and continuing through the 1990's in economics). We consider a random sample of 2x2 constant sum games to determine how close on average are the equilibrium predictions to observed play in repeated play of a game against a View Details
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Sean Silverthorne
- 18 Oct 2004
- Research & Ideas
The Bias of Wall Street Analysts
the commissions. After deregulation of rates in 1975, commission rates predictably dropped, and the brokerages were left with a fixed cost of sell-side analyst operations and a shortfall in revenues to fund...
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- 16 Jan 2014
- Research & Ideas
Resolving Patent Disputes that Impede Innovation
says. "It's not just an isolated technical issue. Standards are really important to US competitiveness. This line of research is about trying to figure out what's gone wrong, and whether there is a way to try to fix it." Fair,...
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- 27 May 2009
- First Look
First Look: May 27, 2009
than in models with fixed costs of changing prices. The latter predict unrealistically large responses of price changes to inflation for firms that do not frequently reduce their prices. Adjustment View Details
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Martha Lagace
- 30 Jun 2003
- Research & Ideas
Computer Security is For Managers, Too
your developers are following secure coding and testing practices. Those who aren't may be costing your company large sums of money. One multinational database supplier estimates that releasing a major patch (a View Details