Publications

2017
Working Paper

Peer Effects on the United States Supreme Court

By: Matthew Lilley, Richard Holden and Michael Keane

Using data on essentially every US Supreme Court decision since 1946, we estimate a model of peer effects on the Court. We consider both the impact of justice ideology and justice votes on the votes of their peers. To identify these peer effects we use two instruments.... View Details

Keywords: Supreme Court; Peer Effects; Voting Behavior; Legal System; Courts and Trials; Voting; Behavior

SSRN

January 2017
Article

Contract Design and Stability in Many-to-Many Matching

By: John William Hatfield and Scott Duke Kominers

We develop a model of many-to-many matching with contracts that subsumes as special cases many-to-many matching markets and buyer/seller markets with heterogeneous and indivisible goods. In our setting, substitutable preferences are sufficient to guarantee the... View Details

Keywords: Many-to-Many Matching; Stability; Substitutes; Contract Design; Contracts; Marketplace Matching; Balance and Stability

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October 1987 (Revised August 1998)
Supplement

CVD, Inc. vs. A.S. Markham Corp. (B)

Contains a list of six questions that the jury was required to answer in order to deliver a verdict. View Details

Keywords: Judgments; Lawsuits and Litigation

09 Apr 2012
Research & Ideas

Who Sways the USDA on GMO Approvals?

regulatory agencies serving the public instead end up advancing the interests of the companies they regulate. The main way companies accomplish this, economists theorize, is through lobbying and campaign contributions that convince... View Details

Keywords: by Michael Blanding; Food & Beverage; Biotechnology; Agriculture & Agribusiness

01 Dec 2008
News

Lesson from the Fall

Skilling’s conduct will reopen discussions of what was the real offense committed by Skilling. The answer to this question is important because many of Skilling’s allegedly fraudulent activities fall into... View Details

Keywords: Malcolm S. Salter; Oil and Gas Extraction; Mining; Electric Power Generation, Transmission, Distribution; Utilities

15 Aug 2007
Op-Ed

3 Steps to Reduce Financial System Risk

derivative-related losses. In a recent Financial Times interview, Lloyd Blankfein, chief executive of Goldman Sachs, sounded a cautionary note based on something that he picked up at Harvard Law School. He... View Details

Keywords: by Mohamed El-Erian; Financial Services; Banking

01 Mar 2009
News

The Case for Studying Financial History

largely as a result of widespread ignorance of financial history. When you began working on this book, did you see a global financial crisis coming? When I began in 2006, I was certain that a major liquidity... View Details

Keywords: Roger Thompson; federal bailouts; Administration of Economic Programs; Administration of Economic Programs; Administration of Economic Programs

December 1997 (Revised August 1998)
Case

Shanghai Real Estate (A)

By: Lynn S. Paine and Harold F. Hogan Jr

An independent consultant from the United States must decide what to do when faced with his client's apparent violation of an agreement with a third party. The consultant is American, the client is a Chinese real estate developer, and the third party is a French... View Details

Keywords: Ethics; Contracts; Cross-Cultural and Cross-Border Issues; Law; Agreements and Arrangements; Alliances; Corporate Accountability; Consulting Industry; Real Estate Industry; China; United States; France

11 Jul 2011
Research & Ideas

Non-competes Push Talent Away

employment"—including non-compete agreements. But in 1985, the state passed the Michigan Antitrust Reform Act (MARA), which sweepingly repealed dozens of laws and acts, including the inadvertent repeal View Details

Keywords: by Carmen Nobel; Technology

01 Mar 2009
News

It’s the Economy

alumni had a lot to say about the crisis from a variety of perspectives. We didn’t want to single out any one article when, in our view, they are all important. As is often the case, solving one problem created another: How to make one... View Details

Keywords: Administration of Economic Programs; Administration of Economic Programs; Administration of Economic Programs

January 2005 (Revised February 2006)
Background Note

Note on Corporate Strategy

By: Mikolaj Jan Piskorski

Introduces students to the study of corporate strategy. Focuses on questions of scope and ownership. Examines both horizontal and vertical integration. Underscores the point that economies of scope, or the existence of relationship-specific investments, are... View Details

Keywords: Investment; Contracts; Ownership; Corporate Strategy; Horizontal Integration; Vertical Integration

April 2006 (Revised March 2007)
Case

Southern States Communications

By: Constance E. Bagley and Michael B. Keating

Managers receiving letters claiming that their products or services violate the intellectual property rights of another sometimes have a tendency to ignore them after their technical staff advises them that the claims have no merit. Illustrates the perils of that... View Details

Keywords: Risk Management; Patents; Lawsuits and Litigation

03 Dec 2012
HBS Case

HBS Cases: Against the Grain

he respects have said that in Russia it is almost impossible not to pay bribes to get things done. Why? Because local and federal laws conflict as if by design, which leads to gaps that some officials... View Details

Keywords: by Martha Lagace; Food & Beverage

02 Mar 2016
What Do You Think?

Is Apple’s Real Privacy Challenge Technology Innovation Itself?

world. The law enforcement agency counters that its interest is strictly in this case. Clearly many interests have a seat at the table in this dispute: Apple, its customers, and a portion of Silicon Valley... View Details

Keywords: by James Heskett; Technology

18 Jul 2006
First Look

First Look: July 18, 2006

the way in which the conflicts of interest between owners and managers of firms are managed by the key intermediary institution of the board... View Details

Keywords: Sean Silverthorne

08 Dec 2003
Research & Ideas

Why Europe Lags in Pharmaceuticals and Biotech

Bastianelli, vice president of corporate development at ProSkelia Pharmaceuticals in France. Once companies are created, there is little incentive to improve, he said, and labor laws make it difficult to... View Details

Keywords: by Sean Silverthorne; Biotechnology; Health; Pharmaceutical; Technology

January 2022 (Revised March 2022)
Case

Chinese Restriction, Violence, and Exclusion in the United States

By: Tom Nicholas, Boyang Han and Tomas Rosales

Many early Chinese immigrants to the United States during the 1850s worked as traditional gold miners, but as gold mining declined in significance, an increasing number were employed as laborers for large scale construction projects such as railroads, roadways, and in... View Details

Keywords: Immigration Acts; Immigration; Labor; Jobs and Positions; Race; Social Issues; Laws and Statutes