Publications

Educators

16 May 2000
Research & Ideas

The Simple Economics of Open Source

Why in the world would anyone take the time to write complicated software programs for free? It's a good question, one that has piqued the curiosity of a number of economists, who wonder what benefits, if... View Details

Keywords: by Martha Lagace; Technology

03 Mar 2017
News

Inside Snapchat: The Best Tech IPO of 2017?

01 Oct 2001
News

Making a World of Difference

Alan B. Slifka On a bus in Israel, two seven-year-old boys talk about their interest in sports. One makes a joke, the other laughs. The boys, one Jewish, one Arab, are new friends. They met at a day camp designed to bring two View Details

Keywords: Young, Susan; Management of Companies and Enterprises; Management of Companies and Enterprises

October 2009 (Revised November 2009)
Case

Acciona and the Battle for Control of Endesa

Acciona, S.A. is a global infrastructure and renewable energy conglomerate that is publicly traded in Spain and controlled by the Entrecanales family. In 2006, the company joined the highly politicized cross-border takeover battle for Spain's largest electric utility,... View Details

Keywords: Mergers and Acquisitions; Business Conglomerates; Renewable Energy; Cross-Cultural and Cross-Border Issues; Ownership Stake; Business and Government Relations; Business Strategy; Energy Industry; Utilities Industry; Spain

Educators

Research Summary

Capitalism as a System of Governance

My research interest is in further exploration of the analytic utility of an original conception of capitalism as an indirect, three level system of governance for the economic relationships within political entities, and mostly within nation states. This three level... View Details

August 2021
Article

Rate-Amplifying Demand and the Excess Sensitivity of Long-Term Rates

By: Samuel G. Hanson, David O. Lucca and Jonathan H. Wright

Long-term nominal interest rates are surprisingly sensitive to high-frequency (daily or monthly) movements in short-term rates. Since 2000, this high-frequency sensitivity has grown even stronger in U.S. data. By contrast, the association between low-frequency changes... View Details

Keywords: Conundrum; Investor Demand; Monetary Policy Transmission; Interest Rates

Read Now

05 May 2003
Research & Ideas

What It Takes to Restore Trust in Business

top executives "to get rich no matter what happens to the shareholders." Options should be indexed options. These options pay for performance, not for volatility in the markets. Pervasive conflicts View Details

Keywords: by Martha Lagace; Financial Services

18 Feb 2020
Blog Post

A Vision of Love@HBS in 2020

me, her recognizably warm and glowing demeanor immediately disarming. "I've heard of you,” she said, “we have a lot of interests in common.” We chatted about travel and... View Details

24 Oct 2018
News

For Women, the Corporate Ladder Is a Battle of Attrition

22 Sep 2015
News

Who's Responsible for Erasing America's Shortage of Skilled Workers?

July 2002 (Revised August 2003)
Case

EXP Systems

By: Malcolm S. Salter and Alison Berkley Wagonfeld

Discusses selecting investors and avoiding board-level conflicts of interest in start-ups. Using the "term sheet" in third-round financing as a negotiation over future governance and control rights. A rewritten version of an earlier case. View Details

Keywords: Conflict of Interests; Governance Controls; Governing and Advisory Boards; Business Startups; Management Teams

Educators

Article

Avoiding the Costs of Negotiation: A Commentary on "Is Unilateralism Always Bad?"

By: James K. Sebenius

Why, if an outcome is in the interests of both sides, should it not be negotiated rather than unilaterally imposed? This comment offers additional reasons to prefer negotiation (beyond those adduced in the original article) over unilateral action, even where such... View Details

Keywords: Negotiation; Bargaining; Middle East; Israel; Palestinians; Israel; Palestinian state

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19 Nov 2014
News

The Power of Yes

Sasha Dichter (MBA/MPA 2002) became an easy mark after word got out about his “generosity experiment.” For 30 days he would say yes to everyone who asked him for money—from people on the street to nonprofits. There would be no question of... View Details

Keywords: Julia Hanna

April 2007
Case

Microfinance in Bolivia: A Meeting with the President of the Republic

By: Michael Chu

Herbert Muller, chair of leading microfinance bank BancoSol, has met with Evo Morales one year after the populist leader's inauguration as president of Bolivia and proceeds to write an email to his fellow board directors. The bank is world famous for pioneering... View Details

Keywords: Risk and Uncertainty; Race; Government Administration; Business and Government Relations; Microfinance; Poverty; Interest Rates; Banks and Banking; Financial Services Industry; Bolivia; South America

07 May 2007
Research & Ideas

Rediscovering Schumpeter: The Power of Capitalism

with, as many people have said of Benjamin Franklin. He was just so witty, knowledgeable, and downright interesting that you couldn't come away without feeling enriched. Weaving together the fascinating... View Details

Keywords: by Sean Silverthorne; Education

2015
Book

The Impact of Globalization on Argentina and Chile: Business Enterprises and Entrepreneurship

By: Geoffrey Jones and Andrea Lluch

This book compares the effects of globalization on two Latin American countries, Argentina and Chile, over time. The chapters examine the impact of multinationals, the growth of business groups, and the conflicted relations between business and government. The book... View Details

Keywords: Entrepreneurs; Business Groups; Entrepreneurship; Business History; Globalization; Growth and Development; Agriculture and Agribusiness Industry; Banking Industry; Food and Beverage Industry; Chemical Industry; Energy Industry; Mining Industry; Latin America; Argentina; Chile