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  • 11 Mar 2014
  • First Look

First Look: March 11

successful price discrimination, the valuations of consumers who have access to vouchers must generally be lower than those of consumers who do not have access to vouchers. Offering vouchers tends to be more profitable for firms that are patient or relatively unknown... View Details
Keywords: Sean Silverthorne
  • 23 Dec 2002
  • Research & Ideas

Partnering and the Balanced Scorecard

propositions that lead customers to do more business and at higher margins with the company Innovation and excellence in products, services, and processes The capabilities and alignment of employees and systems that enhance important... View Details
Keywords: by Robert S. Kaplan & David P. Norton
  • 17 Jan 2012
  • First Look

First Look: January 17

has a disadvantage and can be completely squeezed out of the supply chain if the large farm has enough capacity to fill demand. However, we quantify how backhauling and vertical differentiation can increase the retailer's margin for local... View Details
Keywords: Sean Silverthorne
  • 24 Aug 2016
  • Research & Ideas

Can Obamacare Be Saved?

losses. In 2014, the health insurance industry’s aggregate pre-tax margin in the individual market was –5.2 percent, amounting to an overall loss of $2.7 billion. A SHRINKING POOL OF PROVIDERS Though Aetna is currently enduring a healthy... View Details
Keywords: by John A. Quelch and Emily Boudreau; Insurance; Health
  • 08 Jun 2011
  • Lessons from the Classroom

Twenty-first Century Skill: Trading Carbon Credits

Cap and trade has become an increasingly popular mechanism used by governments to induce green behavior among corporate polluters, with news emerging almost daily. Just recently New Jersey Governor Chris Christie withdrew his state from the Regional Greenhouse Gas... View Details
Keywords: by Julia Hanna; Energy; Utilities
  • 18 Oct 2011
  • First Look

First Look: October 18

electoral participation. Negative shocks to income and rates of employment are also associated with increases in closure activity within counties over time. We interpret these results as consistent with involuntary consumer account closures being jointly driven by thin... View Details
Keywords: Sean Silverthorne
  • 11 Aug 2009
  • First Look

First Look: August 11, 2009

margin can obscure the more subtle intensive margin effects of changes in financing constraints. Download the paper: http://www.hbs.edu/research/pdf/10-010.pdf Insider Trading Preceding Goodwill Impairments... View Details
Keywords: Martha Lagace
  • 26 Jun 2019
  • Research & Ideas

Why the US-China Tariff Standoff Hurts American Companies More

accepting lower profit margins for other products, such as those from China. Overall, Cavallo and his colleagues found little difference between the impact on prices of affected and unaffected goods. The comparison indicates that many... View Details
Keywords: by Danielle Kost; Retail; Manufacturing; Steel
  • 25 Aug 2015
  • First Look

First Look Tuesday

basketball carries over more from the past than in football with additional contemporaneous marginal effects for established schools. We do find, however, that past athletic success carries over significantly to the present in both... View Details
  • 16 Jun 2014
  • Research & Ideas

The Unfulfilled Promise of Educational Technology

over the last three decades, educational performance in the United States has shown only marginal improvement, and lags that of other developed countries in Europe and Asia. While some school districts have excelled, the majority of... View Details
Keywords: by Michael Blanding; Education
  • 06 Feb 2018
  • First Look

First Look at New Research and Ideas: February 6, 2018

secondary results also indicate that other forms of marginalization (e.g., being from a “lower caste”) are related to higher productivity. Download working paper: https://www.hbs.edu/faculty/Pages/item.aspx?num=46700 Information Provision... View Details
  • 05 Sep 2012
  • First Look

First Look: September 5

Carliss Y. Baldwin Abstract Our paper tests a key prediction of property rights theory, specifically, that agents will respond to marginal incentives embedded in property rights when making non-contractible, revenue-enhancing investments... View Details
Keywords: Sean Silverthorne
  • 20 Jan 2009
  • Research & Ideas

Risky Business with Structured Finance

comparatively straightforward corporate bonds by citing 10-year historical data from Fitch on their default probability. Within the 10 investment grade rating categories of AAA to BBB-, the annualized default rate only varies between .02 and .75 percent, leaving little... View Details
Keywords: by Julia Hanna; Banking; Financial Services
  • 23 Jun 2003
  • Research & Ideas

Psychology, Pathology, and the CEO

market share. Its Mach3 shaving system was a blockbuster product, but the company was suffering the effects of its own reliance on trade loading—the practice of offering discounts to retail customers at the end of a quarter in order to move products and achieve sales... View Details
Keywords: by Rosabeth Moss Kanter
  • 06 May 2002
  • Research & Ideas

A Toolkit for Customer Innovation

regulatory, and quality control expertise. On average, the client eventually accepts only 15% of all new flavors for full market evaluation, and only 5% to 10% make their way to the marketplace. Meanwhile, margins in the flavor industry... View Details
Keywords: by Stefan Thomke & Eric Von Hippel
  • 02 Feb 2016
  • First Look

February 2, 2016

decompose the productivity decrease that arises from taxation, we estimate that 40% is due to the lower net wage and the remaining 60% to tax aversion. This tax aversion affects labor supply more on the extensive margin (working less)... View Details
Keywords: Sean Silverthorne
  • 31 May 2016
  • First Look

May 31, 2016

consider the possibility that the risk anomaly represents mispricing and develop its implications for corporate leverage. The risk anomaly generates a simple tradeoff theory: at zero leverage, the overall cost of capital falls as leverage increases equity risk, but as... View Details
Keywords: Sean Silverthorne
  • 04 Oct 2004
  • What Do You Think?

Does Speed Trump Intellectual Property?

increased sales and margins due to fresher products reflecting customer demand. They found that, among other things, fast competitors froze designs early in the product development process, shared information widely, and managed and... View Details
Keywords: by James Heskett
  • 22 Jul 2014
  • First Look

First Look: July 22

latter's poor behavior in other relationships is unlikely to have much marginal effect. We test the resulting hypotheses by examining how a venture capital firm's reputation for unreliability, triggered by repeated withdrawals from... View Details
Keywords: Sean Silverthorne
  • 11 Jun 2012
  • Research & Ideas

When Business Competition Harms Society

estimated at over $2,200/year by Edmunds.com, with gross margins on such repairs typically at 50 percent." Hence, testing facilities have ample incentive to exhibit leniency, meaning, they manipulate the testing equipment or find... View Details
Keywords: by Carmen Nobel; Auto
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