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  • All HBS Web  (7,553)
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  • All HBS Web  (7,553)
    • People  (6)
    • News  (1,528)
    • Research  (4,984)
    • Events  (58)
    • Multimedia  (97)
  • Faculty Publications  (3,689)
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    The Fading Light of Democratic Capitalism (Cambridge University Press, 2024)

    What are we to do about declining public trust and confidence in democratic capitalism, which many citizens consider a cornerstone of our national ideology and identity? In this short book, I address how we can rekindle the fading light of democratic capitalism as... View Details

    • November 2023
    • Article

    Coalition Cascades: The Politics of Tipping Points in Clean Energy Transitions

    By: Jonas Meckling and Nicholas Goedeking
    Policy change often involves multiple policy subsystems, as in the case of clean energy transitions. We argue that trans- subsystem policy feedback is a central dynamic in policy change across subsystems. Policy in one subsystem creates ... View Details
    Keywords: Policy; Transition; Energy Sources; System
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    Meckling, Jonas, and Nicholas Goedeking. "Coalition Cascades: The Politics of Tipping Points in Clean Energy Transitions." Policy Studies Journal 51, no. 4 (November 2023): 715–739.
    • February 2018
    • Case

    Infrastructure in Nigeria: Unlocking Pension Fund Investments

    By: John Macomber and Pippa Tubman Armerding
    The so-called “infrastructure finance gap” was a problem in Nigeria as in many parts of the world. Infrastructure projects like power plants and dams were very large capital investments that could generate long-term consistent cash flows, but their financing and... View Details
    Keywords: Pension Fund Investing; Infrastucture; Power/Energy; Credit Enhancement; Infrastructure; Project Finance; Investment Funds; Emerging Markets; Nigeria; Africa
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    Macomber, John, and Pippa Tubman Armerding. "Infrastructure in Nigeria: Unlocking Pension Fund Investments." Harvard Business School Case 218-071, February 2018.
    • 01 Aug 2022
    • What Do You Think?

    Does Religious Belief Affect Organizational Performance?

    (last) 4 decades optimizing global production to the lowest cost denominator and just-in-time delivery a global production system that is optimized for lowest cost is not very resilient. We will now optimize production for maximum... View Details
    Keywords: Re: James L. Heskett
    • 08 Aug 2022
    • HBS Case

    Building an 'ARMY' of Fans: Marketing Lessons from K-Pop Sensation BTS

    the product of heavy government investment to create a unique cultural export. Music agencies built acts using an idol system that managed all aspects of stars’ lives and trained them in singing, dance, and even foreign languages.... View Details
    Keywords: by Shalene Gupta; Media & Broadcasting; Music
    • 07 Mar 2011
    • Research & Ideas

    Why Companies Fail—and How Their Founders Can Bounce Back

    badge of honor." Individual failures within a company can be an asset, too, in that they can prevent the whole system from failing—but only if the executives are willing to view failure as a potential for improvement. For instance,... View Details
    Keywords: by Carmen Nobel
    • 25 Jan 2021
    • Book

    In a Nutshell, Why American Capitalism Succeeded

    How did the United States become the world’s center of business growth following its founding in 1776? Surely a number of nations had powerful natural resources, stable financial and legal institutions, and dynamic entrepreneurs over that same span. Why was American... View Details
    Keywords: by Sean Silverthorne; Manufacturing
    • Research Summary

    Optimal Contracting with Reciprocal Agents

    (with Florian Englmaier) (Job Market Paper)

     Abstract: Empirically, compensation systems often seem to generate substantial effort despite weak incentives. We consider reciprocal motivations as a source of incentives. We solve for the optimal... View Details

    • Research Summary

    Internet Auctions for Close Substitutes

    Economists agree that eBays auction design is sensible and potentially welfare-maximizing for the trade of collectibles, which are unique and idiosyncratic. For mainstream goods, which have close but imperfect substitutes (cars, cameras, computers, clothes), the... View Details

    • 2025
    • Working Paper

    Tracking the Short-Run Price Impact of U.S. Tariffs

    By: Alberto Cavallo, Paola Llamas and Franco Vazquez
    This paper examines the short-run impact of the 2025 U.S. tariffs on consumer prices using a unique integration of high-frequency retail pricing data, product-level country-of-origin information, and detailed tariff classifications. By linking daily prices from major... View Details
    Keywords: Tariffs; Trade; Price; Inflation and Deflation
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    Cavallo, Alberto, Paola Llamas, and Franco Vazquez. "Tracking the Short-Run Price Impact of U.S. Tariffs." Working Paper, April 2025.
    • June 2024
    • Supplement

    Zeswitz Music (B)

    By: Richard S. Ruback and Royce Yudkoff
    Pre-Abstract: Instructors should consider the timing of making videos available to students, as they may reveal key case details.
    Abstract: In July of 2013, Randy Shayler (HBS, 2012) acquired Zeswitz Music, a musical instrument rental company based in Reading,... View Details
    Keywords: Acquisition; Customer Focus and Relationships; Business Strategy; Revenue; Marketing; Music Industry; Retail Industry
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    Ruback, Richard S., and Royce Yudkoff. "Zeswitz Music (B)." Harvard Business School Multimedia/Video Supplement 224-748, June 2024.
    • May 2024 (Revised January 2025)
    • Technical Note

    Health Care Payment in the United States

    By: Robert S. Huckman, Jeff Charca and Craig Garthwaite
    This document provides an overview of how various actors (e.g., physicians, hospitals, and other health care providers) are paid in the United States health care system. It is particularly focused on features of the payment system that contribute to strategic decisions... View Details
    Keywords: Compensation and Benefits; Organizational Change and Adaptation; Health Industry
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    Huckman, Robert S., Jeff Charca, and Craig Garthwaite. "Health Care Payment in the United States." Harvard Business School Technical Note 624-071, May 2024. (Revised January 2025.)
    • 2020
    • Working Paper

    Design Rules, Volume 2: How Technology Shapes Organizations: Chapter 2 Transactions in a Task Network

    By: Carliss Y. Baldwin
    From the 1930s through today, many economists have conceived of large technical systems for the production of goods and services as a series of transactions. This point of view has led eminent economists to assert that transactions are the fundamental unit of analysis... View Details
    Keywords: Modularity; Information Technology; Organizations
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    Baldwin, Carliss Y. "Design Rules, Volume 2: How Technology Shapes Organizations: Chapter 2 Transactions in a Task Network." Harvard Business School Working Paper, No. 21-030, August 2020.
    • Article

    Undermining Value-Based Purchasing — Lessons from the Pharmaceutical Industry

    By: Leemore S. Dafny, Christopher Ody and Matt Schmitt
    The analogy between value-based purchasing in pharmaceuticals and the new frontier of alternative payment models for health care providers is relatively straightforward. Insurers are increasingly demanding steep discounts from providers in exchange for inclusion in... View Details
    Keywords: Drug Copayment Coupons; Prescription Drug Policy; Health Care and Treatment; Insurance; Cost; Policy; Pharmaceutical Industry
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    Dafny, Leemore S., Christopher Ody, and Matt Schmitt. "Undermining Value-Based Purchasing — Lessons from the Pharmaceutical Industry." New England Journal of Medicine 375, no. 21 (November 24, 2016): 2013–2015.
    • July 2014
    • Article

    Accounting for Crises

    By: Venky Nagar and Gwen Yu
    We provide among the first empirical evidence consistent with recent macro global-game crisis models, which show that the precision of public signals can coordinate crises (e.g., Angeletos and Werning, 2006; Morris and Shin, 2002, 2003). In these models,... View Details
    Keywords: Corporate Disclosure; Mathematical Methods; Game Theory; Financial Markets; Forecasting and Prediction; Accounting; Financial Crisis
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    Nagar, Venky, and Gwen Yu. "Accounting for Crises." American Economic Journal: Macroeconomics 6, no. 3 (July 2014): 184–213.
    • 26 Oct 2020
    • News

    Great promise but potential for peril

    • 05 Apr 2010
    • Research & Ideas

    HBS Cases: iPads, Kindles, and the Close of a Chapter in Book Publishing

    Two days ago, the first buyers of Apple's iPad began putting it through its paces, playing games, navigating the Internet, and downloading electronic books. That groan you heard was from dozens of book publishers across the United States, reeling from yet another... View Details
    Keywords: by Julia Hanna; Information; Publishing; Entertainment & Recreation
    • 03 Jan 2007
    • First Look

    First Look: January 3, 2007

      Working PapersCan Higher Prices Stimulate Product Use? Evidence from a Field Experiment in Zambia Authors:Nava Ashraf, James Berry, and Jesse M. Shapiro Abstract The pricing of health products in the developing world has become a center of controversy among... View Details
    Keywords: Sean Silverthorne
    • November–December 2020
    • Article

    The Risks You Can't Foresee: What to Do When There's No Playbook

    By: Robert S. Kaplan, Herman B. Leonard and Anette Mikes
    No matter how good their risk management systems are, companies can’t plan for everything. Some risks are outside people’s realm of experience or so remote no one could have imagined them. Some result from a perfect storm of coinciding breakdowns, and some materialize... View Details
    Keywords: Novel Risks; Risk Management; Crisis Management
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    Kaplan, Robert S., Herman B. Leonard, and Anette Mikes. "The Risks You Can't Foresee: What to Do When There's No Playbook." Harvard Business Review 98, no. 6 (November–December 2020): 40–46.
    • October 2020 (Revised March 2022)
    • Supplement

    The What Works Centre: Using Behavioral Science to Improve Social Worker Well-being (B)

    By: Ashley V. Whillans and Shibeal O'Flaherty
    This case describes the experiences of Michael Sanders—the Chief Executive of the What Works Center for Children’s Social Care—as he led the design and implementation of a program of research aimed at improving the social care system in the United Kingdom (UK) at the... View Details
    Keywords: Non-cash Compensation; Behavioral Science; Employees; Well-being; Compensation and Benefits; United Kingdom
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    Whillans, Ashley V., and Shibeal O'Flaherty. "The What Works Centre: Using Behavioral Science to Improve Social Worker Well-being (B)." Harvard Business School Supplement 921-022, October 2020. (Revised March 2022.)
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