Market Stabilization - Publications - Faculty & Research

01 Dec 2018
News

Trade Off

at how much of that has gone to the new middle class in Asia, India, and China, and not to the working middle class in the already developed world—that’s where you see the revolt. Given the importance of stability to the project of... View Details

29 Sep 2008
Research & Ideas

Financial Crisis Caution Urged by Faculty Panel

income remained relatively stable, about 3 to 1. Over the last 20 years, however, the financial markets that financed the housing system in the United States changed remarkably. Local markets once dominated... View Details

Keywords: by Martha Lagace; Financial Services

Summer 2014
Article

When Does a Platform Create Value by Limiting Choice?

By: Ramon Casadesus-Masanell and Hanna Halaburda

We present a theory for why it might be rational for a platform to limit the number of applications available on it. Our model is based on the observation that even if users prefer application variety, applications often also exhibit direct network effects. When there... View Details

Keywords: Platform Governance; Direct Network Effects; Indirect Network Effects; Complements; Tragedy Of The Commons; Equilibrium Selection; Coordination; Foresight; Strategy; Value Creation; Digital Platforms; Balance and Stability; Decision Choices and Conditions; Consumer Behavior; Applications and Software; Network Effects

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01 Feb 1997
News

Merton Discusses Risk Management at Dean's Seminar

areas of capital markets, financial services, and corporate finance. "New financial product and market designs, improved computer and telecommunications technology, and advances in finance theory during the past quarter century have led... View Details

Keywords: Elizabeth McNair

06 Dec 2011
Op-Ed

Greater Fiscal Integration Best Solution for Euro Crisis

the European Financial Stability Fund, have been remarkable. Nevertheless, the markets have discounted every announcement and have continued to operate in a state of quasi-panic, as they move at a different... View Details

Keywords: by Dante Roscini

01 Apr 2001
News

The Small Business Difference: How Smaller Companies Manage with Less

Slayton (MBA 1990) discussing the situation he faced in 1997 when he took over as president and CEO of a small company called MySoftware. The firm was a struggling Silicon Valley business that developed and sold software for a variety of small-business needs such as... View Details

Keywords: Garry Emmons; Business Schools & Computer & Management Training; Educational Services

23 Apr 2008
Op-Ed

The Gap in the U.S. Treasury Recommendations

regulatory structure proposed by the Treasury would consist of three key parts. In addition to its role as the nation's central bank, the Federal Reserve would act as a market stability regulator, focusing... View Details

Keywords: by Dwight Crane; Banking; Construction; Real Estate; Financial Services

08 Mar 2016
Research & Ideas

Solving an Economic Mystery Surrounding Argentina and Chile

history that year was Dr. Andrea Lluch, from Argentina. This was the origins of a research program and conference series which led to this collaborative volume, and the Creating Emerging Markets oral history project, which began with... View Details

Keywords: by Sean Silverthorne

23 Feb 2016
First Look

February 23, 2016

link: https://www.hbs.edu/faculty/Pages/item.aspx?num=50571 February 2016 Games and Economic Behavior Contract Design and Stability in Many-to-Many Matching By: Hatfield, John William, and Scott Duke Kominers Abstract— We develop a model... View Details

Keywords: Sean Silverthorne

24 Sep 2024
Research & Ideas

Why Small Businesses Deserve More Credit

respond by prior experience.” “One can achieve economic growth by targeting these firms.” Given the economic stability of Turkey at the time of the experiment, banks and small businesses in the US and elsewhere should take note of the... View Details

Keywords: by Rachel Layne; Financial Services; Banking

22 Feb 2022
News

Q&A: The Post-Pandemic Path

associate dean for Faculty Development and Research and faculty director of the Behavioral Finance & Financial Stability Project. “The national unemployment rate early in the pandemic had jumped to over 13 percent; the standard prediction... View Details

Keywords: April White

09 Jun 2009
First Look

First Look: June 9

also accounts reasonably well for the large gyration in stock prices over this period. Finally, the endogenous adoption mechanism plays a significant role in amplifying other shocks. Download the paper: http://www.hbs.edu/research/pdf/09-134.pdf Farsighted View Details

Keywords: Martha Lagace

08 Jun 2011
Lessons from the Classroom

Twenty-first Century Skill: Trading Carbon Credits

"Both extremes offer useful discussion points," says Coles, noting that the Europe Union experienced a price collapse in 2006 that called the stability of the entire market into question. "As... View Details

Keywords: by Julia Hanna; Energy; Utilities

03 Jun 2002
What Do You Think?

Are We Entering an Era of European Management Leadership?

differences this way: "If one has to generalize, it is fair to say that Americans pursue risk and Europeans seek stability ... (leading) to fewer opportunities with more limited financial rewards, but possibly more balance for... View Details

Keywords: by James Heskett

09 Aug 2016
First Look

August 9, 2016

economic activity? This paper exploits the federal preemption of national banks in 2004 from local laws against predatory lending to gauge the effect of the supply of credit on the real economy. Specifically, we exploit the heterogeneity in the View Details

Keywords: Sean Silverthorne

01 Jun 2000
News

Q & A: Gustavo Herrero

democratic regimes and have adopted market-based stabilization programs, opening up their economies to foreign trade. And just as in the United States, another strong and exciting phenomenon has been the impact of the new economy... View Details

Keywords: Garry Emmons

17 Jul 2018
First Look

New Research and Ideas, July 17, 2018

Programs By: Hanson, Samuel G., David S. Scharfstein, and Adi Sunderam Abstract—We develop a model of government portfolio choice in which a benevolent government chooses the scale of risky projects in the presence of market failures and... View Details

Keywords: Dina Gerdeman

01 Dec 2016
News

The Future of Books

Traditionally, publishing has been a business-to-business industry, selling books to retailers. At Penguin Random House, our greatest priority now is marketing our books directly to readers and getting to know their habits and... View Details

Keywords: April White; Publishing Industries (except Internet); Information

May 1992
Article

Coordination in Split-Award Auctions

By: James J. Anton and Dennis Yao

We analyze split award procurement auctions in which a buyer divides full production between two suppliers or awards all production to a single supplier, and suppliers have private cost information. An intriguing feature of split awards is that the equilibrium bids are... View Details

Keywords: Supply Chain Management; Balance and Stability; Cost; Auctions; Bids and Bidding; Production; Five Forces Framework; Supply and Industry; Situation or Environment; Information; Manufacturing Industry