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Publications

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      • Faculty Publications  (504)

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      • 1977
      • Other Unpublished Work

      Indexing Social Security: An Analysis of the Issues

      By: Robert S. Kaplan
      Keywords: Insurance; Public Sector
      Citation
      Related
      Kaplan, Robert S. "Indexing Social Security: An Analysis of the Issues." American Enterprise Institute for Public Policy Research, Washington, D.C., January 1977.
      • 1976
      • Report

      Financial Crisis in the Social Security System

      By: Robert S. Kaplan
      Keywords: Financial Crisis; Insurance; Public Sector
      Citation
      Related
      Kaplan, Robert S. "Financial Crisis in the Social Security System." Domestic Affairs Studies, American Enterprise Institute for Public Policy Research, Washington, D.C., September 1976.
      • May 1975 (Revised June 1975)
      • Case

      Northwestern Mutual Life Insurance Co. (C)

      By: Stephen A. Greyser
      Keywords: Insurance Industry
      Citation
      Find at Harvard
      Related
      Greyser, Stephen A. "Northwestern Mutual Life Insurance Co. (C)." Harvard Business School Case 575-114, May 1975. (Revised June 1975.)
      • December 1974 (Revised May 1990)
      • Case

      Hartford Steam Boiler Inspection and Insurance Co.

      By: W. Earl Sasser and Robert L. Banks
      Keywords: Insurance Industry
      Citation
      Find at Harvard
      Related
      Sasser, W. Earl, and Robert L. Banks. "Hartford Steam Boiler Inspection and Insurance Co." Harvard Business School Case 675-088, December 1974. (Revised May 1990.)
      • 1974
      • Report

      An Actuarial Audit of the Social Security System

      By: Robert S. Kaplan and Roman L. Weil
      Keywords: Accounting Audits; Public Sector; Insurance
      Citation
      Related
      Kaplan, Robert S., and Roman L. Weil. "An Actuarial Audit of the Social Security System." Report, U.S. Dept. of the Treasury, September 1974.
      • August 1973
      • Case

      Northwestern Mutual Life Insurance Co. (B)

      By: Stephen A. Greyser
      Keywords: Insurance; Insurance Industry
      Citation
      Find at Harvard
      Related
      Greyser, Stephen A. "Northwestern Mutual Life Insurance Co. (B)." Harvard Business School Case 574-021, August 1973.
      • February 1973 (Revised June 1973)
      • Case

      Northwestern Mutual Life Insurance Co. (A)

      By: Stephen A. Greyser
      Keywords: Insurance Industry
      Citation
      Find at Harvard
      Related
      Greyser, Stephen A. "Northwestern Mutual Life Insurance Co. (A)." Harvard Business School Case 573-046, February 1973. (Revised June 1973.)
      • winter 1971
      • Article

      Patient Incentives and Hospital Insurance

      By: Robert S. Kaplan and Lester Lave
      Keywords: Health; Insurance; Motivation and Incentives; Health Industry
      Citation
      Find at Harvard
      Related
      Kaplan, Robert S., and Lester Lave. "Patient Incentives and Hospital Insurance." Health Services Research 6 (winter 1971): 288–300. (see also "Further Thoughts on Patient Incentives," Health Services Research (summer 1972): 148-150.)
      • Article

      New Interest in Incentive Financing

      By: Samuel Hayes
      The article presents the findings of a study on incentive financings as they apply to institutional investors, particularly life insurance company investors. The author made contact with investment officers in 29 insurance companies, and have collected a considerable... View Details
      Keywords: Motivation and Incentives; Financing and Loans; Institutional Investing
      Citation
      Find at Harvard
      Related
      Hayes, Samuel. "New Interest in Incentive Financing." Harvard Business Review 44, no. 4 (July–August 1966): 99–112. (Reprinted: Brigham, Earl, Ricks, R. B., Readings in the Essentials of Managerial Finance. Holt, Rhinehart and Winston, 1968.)
      • Research Summary

      Behavioral Hazard and Public Policy

      By: Joshua R. Schwartzstein

      It is well recognized that people overuse low-value medical care due to moral hazard—because copays are lower than costs. Now Professor Schwartzstein has introduced the concept of “behavioral hazard” to explain the opposite: people underuse high-value care because... View Details

      • Teaching Interest

      Business Opportunties in Climate Adaptation

      By: John D. Macomber

      This is a Short Intensive Program or SIP at Harvard Business School.  It’s an optional student offering prior to the formal start of the Spring semester the following week.  SIPs tend to cover new material on current topics, to be less formal than the HBS Case Study... View Details

      Keywords: Resilience; Climate Risk; Climate Impact; Fire Protection; Insurance Risk Exposure; Hedge Fund; Public Health; Public Health Measures; Climate Change; Adaptation; Infrastructure; Insurance Industry; Insurance Industry; Insurance Industry; United States; Africa; Latin America
      • Teaching Interest

      Cities, Structures, and Climate Shocks

      By: John D. Macomber

      This course is about building sustainable and resilient cities, future proofing real estate and infrastructure assets, and examining how businesses and investors find opportunities in climate adaptation.

      The world faces substantial challenges in the face of... View Details

      Keywords: Sustainability; Economic Development; Climate Finance; Migration; Climate Change; Adaptation; Urban Development; Insurance Industry; Insurance Industry; Insurance Industry; Insurance Industry; Insurance Industry; Insurance Industry
      • Research Summary

      Climate Adaptation

      By: John D. Macomber
      It's clear that challenges like wildfires, river flooding, extreme heat, and storm surge are increasing. How will homeowners, businesses, instituations, goverments, and all of society decide what and whom to protect and what and whom to not protect? What is the timing?... View Details
      Keywords: Climate Change; Climate Risk; Hurricanes; Fire Protection; Water Management; Insurance And Reinsurance
      • Research Summary

      Concentrated Capital Losses and the Pricing of Corporate Credit Risk

      By: Emil N. Siriwardane

      In studying the U.S. credit default swap (CDS) market, Professor Siriwardane has discovered that the selling of CDS protection is extremely concentrated, with five sellers accounting for nearly half the market. Further, in contrast to what neoclassical theory... View Details

      • Research Summary

      Consumer-Driven Health Care

      By: Regina E. Herzlinger
      Since 1999, Professor Herzlinger's work in this area has provided the major impetus for the transformation of the health care sector: first in new consumer-driven insurance products sold by established insurers such as Aetna, United and CIGNA, as well as... View Details
      • Teaching Interest

      Creating the Modern Financial System

      By: David A. Moss

      Creating the Modern Financial System offers a vital perspective on finance and the financial system by exploring the historical development of key financial instruments and institutions worldwide. The premise of the course is that students will gain a richer and... View Details

      • Teaching Interest

      Decision Making Under Uncertainty

      By: David E. Bell

      Many of the decisions we face are made complicated by having uncertain consequences: how should I set my inventory when I don’t know what demand will be, should I refinance my mortgage when rates might go lower, how big a bet shall I make in a new business, and so... View Details

      • Forthcoming
      • Article

      Institutional Corporate Bond Pricing

      By: Ishita Sen, Lorenzo Bretscher, Lukas Schmid and Varun Sharma
      We propose an equilibrium corporate bond pricing model that accommodates the heterogeneity in institutional investors' preferences and mandates in an empirically tractable way. Our model, estimated on rich holdings data, quantifies investors' preferences and demand... View Details
      Keywords: Corporate Bonds; Demand Systems; Insurance Companies; Mutual Funds; Liquidity; Bonds; Price; Investment Funds
      Citation
      SSRN
      Related
      Sen, Ishita, Lorenzo Bretscher, Lukas Schmid, and Varun Sharma. "Institutional Corporate Bond Pricing." Review of Financial Studies (forthcoming).
      • Teaching Interest

      Overview

      By: Regina E. Herzlinger
      Course Requirements

      Students are required to prepare a business plan, which employs the framework of this course, to explore an entrepreneurial opportunity in health care, and to evaluate their classmates' plans.

      Career Focus

      For... View Details
      Keywords: Healthcare; Healthcare Industry; Healthcare Innovation; Healthcare Costs; Healthcare Operations; Healthcare Organizations; Healthcare Startups; Healthcare Technology; Healthcare Ventures
      • Teaching Interest

      Overview

      By: David S. Scharfstein
      I teach an MBA course in the elective curriculum called Managing and Innovating in Financial Services. I focus on key functions of the financial system including credit, liquidity, insurance and payments provided by a variety of financial intermediaries including... View Details
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