Publications

Research Summary

Economics of Organization and Firm Performance

A great deal of theoretical and empirical research indicates that economic actors should organize activities so as to minimize the 'transaction costs' associated with managing these activities. But little is known about the consequences of violating this prescription.... View Details

1980
Book

The Economics of University Behavior

By: David A. Garvin

Keywords: Economics; Higher Education; Behavior

Research Summary

Foreign Direct Investment, Finance, and Economic Development

Research has sought to understand how foreign direct investment affects host economies. This paper reviews the empirical literature, specifically addressing the question: How does FDI affect economic development of host countries and what is the role of local financial... View Details

Keywords: Foreign Direct Investment; Economic Development; Multinational Corporation; Finance

2016
Book

Institutions, Institutional Change and Economic Performance in Emerging Markets

By: Lakshmi Iyer

Emerging markets play an increasingly important role in the global economy, accounting for 31% of global GDP and more than 50% of global foreign direct investment in 2012. However, doing business in emerging markets remains subject to a high degree of "policy risk,"... View Details

Keywords: Property Rights; Economic Policy; Political Economy; Emerging Markets; Economic Growth; Government and Politics; Business and Government Relations

2020
Working Paper

Transaction Cost Economics in the Digital Economy: A Research Agenda

By: Frank Nagle, Robert Seamans and Steve Tadelis

Transaction Cost Economics (TCE) theory has played an important role in understanding when it is more efficient for a transaction between two parties to occur within the market or within an organization. However, as more transactions occur in a digitally-mediated... View Details

Keywords: Transaction Cost Economics; Digital Economy; Economics; Cost; Markets; Research; Digital Transformation

SSRN

1999
Chapter

The Economics of Drug Discovery

By: Rebecca M. Henderson and Iain Cockburn

Keywords: Economics; Innovation and Invention; Research and Development; Pharmaceutical Industry

04 Aug 2006
What Do You Think?

What Happens When the Economics of Scarcity Meets the Economics of Abundance?

Summing Up There's no need to rethink important economic constructs just because of the growth of the Long Tail phenomenon and its impact on demand and supply. Or is there?... View Details

Keywords: by James Heskett

April 2002 (Revised March 2006)
Background Note

Economics of Retail Banking Note

By: Frances X. Frei and Dennis Campbell

Explains the financial operations of retail banking, highlighting profitability challenges facing the industry. For U.S. banks, it is quite common for more than half of the customer base to be unprofitable and to have relatively few customers make up the vast majority... View Details

Keywords: Customers; Economics; Cost; Banks and Banking; Profit; Revenue; Service Operations; Banking Industry; United States

Educators

Article

The Global Economics of Desire

By: Amar Bhidé

2012
Article

A Study of Economic Impact of Cloud Computing

By: Marco Iansiti and Gregory L. Richards

In this paper we find that advances in cloud computing likely will extend the IT induced economic growth in developed economies and foster growth in economies where IT penetration is not yet fully mature. We conclude that governments should work together to take... View Details

Keywords: Globalized Economies and Regions; Internet and the Web; Information Technology; Economic Growth; Cooperation; Government and Politics; Innovation and Invention; Information Technology Industry; Public Administration Industry

Website

Data Sources: Economics of Digitization

By: Shane Greenstein

2015
Book

Handbook of Experimental Economic Methodology

By: Guillaume R. Frechette and Andrew Schotter

Teaching Interest

Economic Analysis of Public Policy

Teaching Fellow, Spring 2015
Harvard John F. Kennedy School of Government View Details

Keywords: Policy

April 2015 (Revised October 2019)
Case

The Great Divergence: Europe and Modern Economic Growth

By: Sophus A. Reinert

The continent of Europe seemed in the spring of 2015 to be in a weaker position relative to other world regions than it had in centuries. Though comparatively small, it had long played a disproportionate role in world history, to the extent that the modern world system... View Details

Keywords: The Great Divergence; Modern Economic Growth; Empire; Disruption; Economic Growth; Values and Beliefs; History; Globalization; Europe

Educators

1966
Thesis

Economic Functions of Central Cities

By: Richard L. Nolan

Keywords: Economics; Urban Scope

Winter 2021
Article

Making Economics More Useful: How Technological Eclecticism Could Help

By: Amar Bhidé

Keynes thought it would be ‘splendid’ if economists became more like dentists. Disciplinary economics has instead become more like physics in focusing on concise, universal propositions verified through decisive tests. This focus, I argue, limits the practical... View Details

Keywords: Economic Methodology; Simulations; Banking; Regulation; Judgment; Economics; Banks and Banking

17 Jun 2008
Conference Presentation

Economics of Collaborative User Innovation

By: Carliss Y. Baldwin

Keywords: Economics; Collaborative Innovation and Invention

2009
Other Unpublished Work

Clusters and Economic Policy: Aligning Public Policy with the New Economics of Competition

By: Michael E. Porter

The fundamental goal of economic policy is to enhance competitiveness, which is reflected in the productivity with which a nation or region utilizes its people, capital, and natural endowments to produce valuable goods and services. High and rising productivity,... View Details

Keywords: Economics