Publications

2021
Working Paper

Recovering Investor Expectations from Demand for Index Funds

By: Mark Egan, Alexander J. MacKay and Hanbin Yang

We use a revealed-preference approach to estimate investor expectations of stock market returns. Using data on demand for index funds that follow the S&P 500, we develop and estimate a model of investor choice to flexibly recover the time-varying distribution of... View Details

Keywords: Stock Market Expectations; Demand Estimation; Exchange-traded Funds (ETFs); Demand and Consumers; Investment; United States

SSRN

December 2018 (Revised December 2019)
Case

Commonwealth Joe Coffee Roasters

By: Alexander MacKay and Ramon Casadesus-Masanell

At the end of 2016, the leadership team of Commonwealth Joe Coffee Roasters—Robert Peck, Chase Damiano, and Jeremy Martin—had begun an ambitious retail expansion strategy in the Washington, D.C. metropolitan area for their specialty coffee business. That October, they... View Details

Keywords: Cold Brew Coffee; Specialty Coffee; On-premise Coffee Market; Retail Expansion Strategy; Entrepreneurship; Business Model; Brands and Branding; Expansion; Strategy; Decision Making; Food and Beverage Industry; Retail Industry

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Hamilton Hall | About

Hamilton Hall Hamilton Hall is one of seven buildings named for notable secretaries of the United States Treasury at the suggestion of George F. Baker. Hamilton Hall is named for Alexander Hamilton. A four-story, brick, Georgian... View Details

29 Jun 2022
News

As Prices Skyrocket, Coupons Are Harder to Find Than Ever

09 Nov 2023
News

From the Brink

Weiss knew that the island, an unincorporated US territory whose residents are American citizens, was drowning in $70 billion of debt. Hampered by legal limitations on the remedies it could pursue, and desperate for ready cash to meet its... View Details

Keywords: Ralph Ranalli

December 2019
Case

Steemit: A New Social Media?

By: Ramon Casadesus-Masanell, Alexander White and Karen Elterman

This case discusses the alternative social media site Steemit, including the principles it was founded on in 2016 and the challenges it faced in 2019. Steemit was a blockchain-based platform that aimed to differentiate itself from other social media companies by... View Details

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March 2017
Article

Challenges for Empirical Research on RPM

By: Alexander MacKay and David A. Smith

This article discusses the empirical challenges that researchers face when demonstrating the existence and effects of resale price maintenance (RPM). We outline three approaches for finding price effects of RPM and the corresponding hurdles in data and methodology. We... View Details

Keywords: Antitrust Issues And Policies; Antitrust Law; Resale Price Maintenance; Welfare Economics; Price; Competition; Research

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Cumnock Hall | About

Room . About the Name Born in Glasgow, Scotland, Alexander Cumnock came to the United States with his family in 1846 and began his career in the textile industry as a young man. By the turn of the century,... View Details

January 2020
Article

The Long-Run Dynamics of Electricity Demand: Evidence from Municipal Aggregation

By: Tatyana Deryugina, Alexander MacKay and Julian Reif

We study the dynamics of residential electricity demand by exploiting a natural experiment that produced large and long-lasting price changes in over 250 Illinois communities. Using a flexible difference-in-differences matching approach, we estimate that the price... View Details

Keywords: Electricity Demand; Consumption Dynamics; Energy; Policy; Demand and Consumers; Price; Mathematical Methods

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Winners & Runners-Up | New Venture Competition

companies) and demand (passenger) sides of the distribution chain. By doing so, MyTeksi will improve the matching process between taxi fleets and passengers (similar to UberCab). Qweek Roman Itskovich Anita Venkiteswaran View Details

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Faculty & Researchers - Managing the Future of Work

de Chalendar. Managing Talent Pipelines in the Future of Work , Harvard Business School case, 2019. With William R. Kerr, Manjari Raman and Carl Kreitzberg. The Caring Company: How Employers Can Cut Costs And Boost Productivity By Helping... View Details

2017
Working Paper

What Is a Patent Worth? Evidence from the U.S. Patent 'Lottery'

By: Joan Farre-Mensa, Deepak Hegde and Alexander Ljungqvist

We provide evidence on the value of patents to start-ups by leveraging the random assignment of applications to examiners with different propensities to grant patents. Using unique data on all first-time applications filed at the U.S. Patent Office since 2001, we find... View Details

Keywords: Patents; Business Startups; Innovation and Invention

SSRN

10 Oct 2017
First Look

First Look at New Research and Ideas, October 10, 2017

effective therapies more quickly. By mid-2017, Alexander and his colleagues had completed a master protocol for the trial. But now the research team faced several design and operational challenges as they... View Details

Keywords: Sean Silverthorne

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Mellon Hall | About

2000 to provide 72 single rooms with private baths and to meet modern accessibility requirements. During the project, which was led by Finegold Alexander & Associates architects, some of the... View Details

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Events - Business History

and Regions," is hosted by Yuan Jia-Zheng and Marcel Anduiza (Harvard Business School). Please RSVP by sending an email to bhi@hbs.edu . Apr 9 09 Apr 2025 Virtual Seminar Gareth Austin (University of... View Details

06 Sep 2022
Blog Post

To Go-Go: A Foodtech Startup Serves Up Scale in Latin America

to make a go of it. They raised $500,000 from family and friends in 2019; picked up another $75,000 by winning the alumni track of the HBS New Venture Competition in 2020; and raised $4.5 million in seed funding three months later.... View Details

01 Jun 2022
News

The Exchange: Same Great Price, Now with Fewer Chips

John Gourville and Alex MacKay (Image by John Ritter) Rising inflation and pandemic-related supply-chain challenges are driving up prices at the grocery store. While some manufacturers, like Procter &... View Details

Keywords: Miscellaneous Store Retailers; Retail Trade

01 Dec 2023
News

Alumni and Faculty Books and Podcasts

story about managing government agencies that—in submarine parlance—are deep underwater, then provides solutions to help them and the overall government surface. Talent Disruption: People Are the Brands By View Details

Keywords: podcasts

Working Paper

The Long-Run Dynamics of Electricity Demand: Evidence from Municipal Aggregation

By: Tatyana Deryugina, Alexander MacKay and Julian Reif

Economic theory suggests that demand is more elastic in the long run relative to the short run, but evidence on the empirical relevance of this phenomenon is scarce. We study the dynamics of residential electricity demand by exploiting price variation arising from a... View Details

Keywords: Energy; Demand and Consumers; Price; Policy; Mathematical Methods