Publications

October 2020
Article

Collusion in Markets with Syndication

By: John William Hatfield, Scott Duke Kominers, Richard Lowery and Jordan M. Barry

Markets for IPOs and debt issuances are syndicated, in the sense that a bidder who wins a contract may invite losing bidders to join a syndicate that together fulfills the contract. We show that in markets with syndication, standard intuitions from industrial... View Details

Keywords: Collusion; Antitrust; IPO Underwriting; Syndication; ＂Repeated Games＂; Markets; Game Theory

SSRN

1982
Article

The Contraction Mapping Approach to the Perron-Frobenius Theory: Why Hilbert's Metric?

By: Elon Kohlberg and John W. Pratt

Keywords: Theory; Measurement and Metrics

09 May 2014
Working Paper Summaries

‘My Bad!’ How Internal Attribution and Ambiguity of Responsibility Affect Learning from Failure

Keywords: by Christopher G. Myers, Bradley R. Staats & Francesca Gino

06 Sep 2007
Working Paper Summaries

Why We Aren’t as Ethical as We Think We Are: A Temporal Explanation

Keywords: by Ann E. Tenbrunsel, Kristina A. Diekmann, Kimberly A. Wade-Benzoni & Max H. Bazerman

31 Oct 2004
What Do You Think?

Should the Wisdom of Crowds Influence Our Thinking About Leadership?

Summing Up Whether or not this month's respondents represent a self-selected sample of enthusiasts for the book, The Wisdom of Crowds, they agree that the findings it presents have strong implications for leaders, particularly those in large, compartmentalized... View Details

Keywords: by James Heskett

2022
Article

Probing GNN Explainers: A Rigorous Theoretical and Empirical Analysis of GNN Explanation Methods.

By: Chirag Agarwal, Marinka Zitnik and Himabindu Lakkaraju

As Graph Neural Networks (GNNs) are increasingly employed in real-world applications, it becomes critical to ensure that the stakeholders understand the rationale behind their predictions. While several GNN explanation methods have been proposed recently, there has... View Details

Keywords: Graph Neural Networks; Explanation Methods; Mathematical Methods; Framework; Theory; Analysis

Article

Landing the First Job: The Value of Intermediaries in Online Hiring

By: Christopher Stanton and Catherine Thomas

Online markets for remote labor services allow workers and firms to contract with each other directly. Despite this, intermediaries—called outsourcing agencies—have emerged in these markets. This paper shows that agencies signal to employers that inexperienced workers... View Details

Keywords: Marketplace Matching; Agency Theory

01 Jun 2003
News

Male Consumers as Man-of-Action Heroes

What do men want? The conventional theory — the so–called compensatory consumption thesis — has held that men are torn between responsibility and domesticity on the one hand and a desire to live the untethered, exciting life of the rebel... View Details

Keywords: Douglas; Holt; Publishing Industries (except Internet); Information

03 Mar 2017
Working Paper Summaries

Cooperative Strategic Games

Keywords: by Elon Kohlberg and Abraham Neyman; Education

19 Feb 2014
Research & Ideas

Racist Umpires and Monetary Ministers

As Major League Baseball camps reawaken for spring training over the next few weeks, the same scene will repeat across the country: A pitcher will take the mound. A batter will stare back. And behind him, an umpire will tense in anticipation, ready to call a ball or a... View Details

Keywords: by Michael Blanding; Sports; Information; Publishing

1978
Book

Equity Valuation: Models, Analysis and Implications

By: David Hawkins and Walter J. Campbell

Keywords: Equity; Valuation; Theory

28 Aug 2008
Working Paper Summaries

How Can Decision Making Be Improved?

Keywords: by Dolly Chugh, Katherine L. Milkman & Max H. Bazerman

Article

Heuristics Guide the Implementation of Social Preferences in One-Shot Prisoner's Dilemma Experiments

By: Jillian J. Jordan, Valerio Capraro and David G. Rand

Cooperation in one-shot anonymous interactions is a widely documented aspect of human behavior. Here we shed light on the motivations behind this behavior by experimentally exploring cooperation in a one-shot continuous-strategy Prisoner’s Dilemma (i.e. one-shot... View Details

Keywords: Human Behavior; Social Evolution; Behavior; Cooperation; Decision Making; Game Theory

June 2004 (Revised January 2005)
Background Note

Principals, Agents, and Partners

By: Arthur I Segel, Armen Panossian and Jeff Mandelbaum

The establishment of the principal-agent relationship, the duties owed by the agent to the principal, and the principal's liability for illegal actions or representations made by the agent are all examined. Also covers the creation of partnerships and the duties of... View Details

Keywords: Partners and Partnerships; Agency Theory; Legal Liability

Educators

Purchase

2007
Other Unpublished Work

When the Punishment Must Fit the Crime: Remarks on the Failure of Simple Penal Codes in Extensive-Form Games.

By: Lucy White, George J. Mailath and Volker Nocke

Keywords: Game Theory; Law Enforcement; Failure