Transaction Cost Economics - Publications - Faculty & Research

22 Sep 2014
Op-Ed

Online Banks Fill Funding Needs for Small Business

access capital” Historically, this segment of the market has been small compared to the $700 billion in small business bank credit assets. But since the onset of the financial crisis, and particularly during the economic recovery, there... View Details

Keywords: by Karen Mills; Banking; Financial Services

07 Oct 2013
Research & Ideas

The Case for Combating Climate Change with Nuclear Power and Fracking

If you ask any given environmentalist to identify the biggest threat to the planet, you may expect to hear about man-made climate change, consumerism, or overpopulation. But if you ask Harvard Business School's Joseph B. Lassiter, he'll toss in another: single-issue... View Details

Keywords: by Carmen Nobel; Energy; Utilities

03 Jul 2012
Research & Ideas

HBS Faculty on Supreme Court Health Care Ruling

focuses almost entirely on disease care to keep people alive, but does very little to enable Americans to live healthy lives. The longer people live in their disease-prone years, the more they cost Medicare. AHCA doesn't really address... View Details

Keywords: Re: Multiple Faculty; Health

07 Jun 2004
Research & Ideas

The Competition of Countries

globalization, and which strategies have you found to be the most effective? Richard H. K. Vietor: Each country—especially successful countries—deploys distinctive strategies for economic development. These strategies must fit their... View Details

Keywords: by Cynthia Churchwell

20 Sep 2012
Research & Ideas

US Competitiveness at Risk

Editor's note: When did America's declining global competitiveness begin? One starting spot might be 2008, the last year the country topped the World Economic Forum's list of most globally competitive nations. Four years later, the US has... View Details

Keywords: Re: Michael E. Porter & Jan W. Rivkin

12 Oct 1999
Research & Ideas

Porter’s Perspective: Competing in the Global Economy

modern competition; how they arise and decline; how they affect productivity, new business formation, and economic growth; and the roles both the private and the public sectors can have in developing them. Q: So, even in an age of... View Details

Keywords: Re: Michael E. Porter

03 Apr 2007
First Look

First Look: April 3, 2007

http://www.hbsp.harvard.edu/b01/en/common/item_detail.jhtml?id=607008 PublicationsUnraveling Yields Inefficient Matchings: Evidence from Post-Season College Football Bowls Authors:Guillaume R. Frechette, Alvin E. Roth, and M. Utku Unver Periodical:The RAND Journal of... View Details

Keywords: Martha Lagace

06 Dec 2011
First Look

First Look: Dec. 6

of firms just above and just below the investment-grade cutoff. These firms have similar observables, including average investment rates. However, flows into high-yield mutual funds have an economically significant effect on the issuance... View Details

Keywords: Sean Silverthorne

29 Jan 2019
Research & Ideas

'Green Bonds' May Be Our Best Bet for Environmental Damage Control

Municipalities have been selling bonds to pay for public works projects—fire stations, parking garages,sewage treatment systems—for 200 years. It’s only in the past decade or so, however, that they’ve been selling them with an extra perk: helping the environment. In... View Details

Keywords: by Michael Blanding; Energy; Utilities; Construction; Green Technology; Public Administration

10 Aug 2011
Research & Ideas

HBS Faculty Views on Debt Crisis

and face the dire condition of the US government's finances. In fact, it's time to press snooze. First, the fiscal stress on the United States is not imminent. Borrowing costs for the government are at historic lows. Bond markets, which... View Details

Keywords: by Staff

04 Oct 2016
First Look

October 4, 2016

from 1998 through 2012 was estimated to be between 13,500 and 16,300, corresponding to cost savings of $6.02B (billion) (range, $2.35B–$7.03B, 2014 U.S. dollars). Conclusion(s): Iatrogenic HOM gestations represent a substantial View Details

05 Apr 2004
What Do You Think?

Should We Brace Ourselves for Another Era of M&A Value Destruction?

terms: "Acquisitions are a macho exercise, not an intellectual one. Think World Wrestling Federation, not a chess tournament." Stephen Alexander adds: "Those promoting an acquisition are often dealmakers whose interest in the View Details

Keywords: by James Heskett

17 Mar 2021
Research & Ideas

Beyond Pajamas: Sizing Up the Pandemic Shopper

industry, which reached global sales of $1.9 trillion in 2019. Even before the pandemic, roughly 28 percent of global apparel transactions were happening online. At the same time, many brands had closed their physical stores in the... View Details

Keywords: by Ayelet Israeli, Eva Ascarza, and Laura Castrillo; Retail

03 Apr 2017
What Do You Think?

How About Investing in Human Infrastructure?

Sitaraman, The Crisis of the Middle-Class Constitution: Why Economic Inequality Threatens Our Republic (New York: Alfred A. Knopf, 2017) ORIGINAL COLUMN: There is increasing talk about stimulating $1 trillion in spending on the aging... View Details

Keywords: by James Heskett; Construction

17 Mar 2011
Research & Ideas

Harvard Business School Faculty Comment on Crisis in Japan

aftermath of Japan's 3/11 tragedy. But even as we focus on immediate human needs, we cannot avoid recognizing--and coping with--the long economic shadow cast by this disaster. The direct impact on real View Details

Keywords: Re: Multiple Faculty

10 Jan 2005
Research & Ideas

How to Put Meaning Back into Leading

by: The leader's willingness to uphold organizational values especially when there is some perceived economic cost to doing so. (If values are violated when there is a perceived benefit in doing so, they are... View Details

Keywords: by Martha Lagace

09 Apr 2014
Research & Ideas

A Playbook for Small-Business Job Creation

As Administrator of the Small Business Administration (SBA), Karen Mills spent four years as part of President Barack Obama's senior economic team and a member of his Cabinet, specifically focused on the health and growth of America's... View Details

Keywords: by Carmen Nobel; Banking; Financial Services

11 Aug 2003
Research & Ideas

Cheap, Fast, and In Control: How Tech Aids Innovation

Harvard Business School, discusses how businesses can sidestep the often prohibitive costs and time-consuming trials of experimentation by implementing new technologies. Wendy Guild: We've all heard the old saw, "If it ain't broke,... View Details

Keywords: by Wendy Guild

15 Sep 2008
Research & Ideas

The Coming Transformation of Social Enterprise

like we got X donations, and we took care of 1,000 children at a cost of $80 a child, which is less than $120 a child spent by comparable organizations. Even that amount of reporting would be very useful, but it is not the norm. By and... View Details

Keywords: by Roger Thompson

16 Mar 2010
First Look

First Look: March 16

forthcoming Abstract Capitalism, as defined in this book, is an indirect, three-level system of governance for economic relationships (i.e., economic, administrative, and political). Whereas economic markets... View Details