Transaction Cost Economics - Publications - Faculty & Research

06 Jan 2003
Research & Ideas

Why Expensing Options Doesn’t Solve the Problem

at Enron had nothing to do with the failure to expense options. Rather, it related to a failure to disclose something else entirely on both the income statement and the balance sheet. Enron had taken advantage of some very liberal (and View Details

Keywords: by William Sahlman

01 Jun 2012
News

Plan B: The Brick Bank

the target household’s average savings capacity was $1 per month, that local annual inflation was nearly 20 percent, and that home repairs usually cost about $300.” While that environment was not conducive to the savings program, the team... View Details

Keywords: Julia Hanna

25 Oct 2011
First Look

First Look: October 25

specifically at remedying criticisms leveled at the recent point system proposed by U.S. policymakers. Download the paper: http://www.hbs.edu/research/pdf/12-025.pdf Multi-Sided Platforms Authors:Andrei Hagiu and Julian Wright Abstract The View Details

Keywords: Sean Silverthorne

20 Mar 2000
Research & Ideas

No Place Like Home: America’s Housing Crisis and Its Impact on Business

In many parts of the country, housing costs and shortages have begun to show signs of adversely affecting corporations, workers, and local economies. Affordable housing — such as Boston's Orchard Gardens, — is increasingly scarce. How... View Details

Keywords: by Garry Emmons; Construction; Real Estate

20 Mar 2025
Blog Post

IFC India 2025: Illuminating India’s Solar Future: Reflections on Tata Solar Manufacturing Plant Visit

importance of balancing cost and geopolitics. In their corporate video, Tata Solar underscored their role in transforming rural India through innovative solar solutions, such as solar water pumps and floating solar projects, which provide... View Details

27 Aug 2013
First Look

First Look: August 27

Publications August 2013 Journal of Financial Economics The Performance of Corporate Alliances: Evidence from Oil and Gas Drilling in the Gulf of Mexico By: Beshears, John Abstract—I use data on oil and gas drilling in the Gulf of... View Details

Keywords: Sean Silverthorne

Web

Bibliography - Option Pricing in Theory & Practice: The Nobel Prize Research of Robert C. Merton - Exhibits - Historical Collections

Franco Modigliani." Economic Perspectives 1 (Fall 1987). Merton, Robert C. "Influence of Mathematical Models in Finance or Practice: Past, Present and Future." Philosophical Transactions of the Royal Society... View Details

15 Nov 2004
Research & Ideas

Solving the Health Care Conundrum

The U.S. health care industry is unique in that despite the presence of significant competition, which usually drives increased value through decreased costs and improved quality, the nature of the competition in health care has been... View Details

Keywords: by Michael E. Porter; Health

Profile

Michael Farias

When Michael Farias initially arrived at Harvard Medical School, he did not think about the business side of medicine. "I thought medicine was just about treating disease," he says. "But my first year in med school opened my eyes to the View Details

27 May 2020
News

Prepare to Exit

committee, in an industry that was riding the crest of a wave of economic growth. And the job came with all the trappings, like a flexible schedule, unlimited paid time off, and access to Peloton bikes for morning or lunchtime workouts at... View Details

08 Apr 2014
First Look

First Look: April 8

complex. Publisher's link: http://sloanreview.mit.edu/x/55314 August 2013 Journal of Monetary Economics Income Inequality and Social Preferences for Redistribution and Compensation Differentials By: Kerr, William R. Abstract—In... View Details

Keywords: Sean Silverthorne

05 Sep 2012
First Look

First Look: September 5

PublicationsPreference Signaling in Matching Markets Authors:Peter A. Coles, Alexey Kushnir, and Muriel Niederle Publication:American Economic Journal: Microeconomics (forthcoming) Abstract Many labor markets share three stylized facts:... View Details

Keywords: Sean Silverthorne

05 Dec 2016
News

The Dragon’s Tale

market-based reforms that have made the country the world’s second-largest economic power. He has helped document that journey as the author of scores of cases, articles, and papers on Chinese business, as well as his recent book, Can... View Details

Keywords: Deborah Blagg

21 Jul 2009
First Look

First Look: July 21

the paper: http://www.hbs.edu/research/pdf/10-002.pdf Culture Clash: The Costs and Benefits of Homogeneity Author:Eric Van den Steen Abstract This paper develops an economic theory of the View Details

Keywords: Martha Lagace

25 Jul 2011
Research & Ideas

How Disruptive Innovation is Remaking the University

That is no longer true, though, for any but a relative handful of institutions. Costs have risen to unprecedented heights, and new competitors are emerging. A disruptive technology, online learning, is at work in higher education,... View Details

Keywords: by Clayton M. Christensen & Henry J. Eyring; Education

Web

Leadership Execution and Action Planning (LEAP) - Course Catalog

stumble when tasked with closing the gap between a desired end-state and executing an action plan. LEAP is designed to give students pattern recognition and practice in developing action plans across a variety of challenges they are likely to face immediately after... View Details

01 Nov 2011
First Look

First Look: Nov. 1

growing concern that such regulation may simply shift production to unregulated regions, potentially increasing overall carbon emissions in the process. Carbon tariffs have emerged as a possible mechanism to address this concern by imposing carbon View Details

Keywords: Sean Silverthorne

24 Sep 2014
Op-Ed

We Need a Miracle. New Nuclear Might Provide it.

renewables, biomass, carbon capture and sequestration, hydroelectric, and nuclear are all losing the race with fossil fuels and are expected to keep losing. Fossil fuel use is surging around the globe. With that surge, economic... View Details

Keywords: by Joseph Lassiter; Energy; Utilities

01 Jun 2012
News

Made in the USA

30 seconds,” recalls the feisty octogenarian. “I had spent previous summers hauling up 125-pound, wooden lobster traps, so my upper body strength exceeded his.” Summers spent lobstering in Gloucester, Massachusetts, and a competitive spirit—along with an View Details

Keywords: Blagg, Deborah; cheese; lobster fishing; Fishing, Hunting and Trapping; Agriculture; Management of Companies and Enterprises; Management; Food Manufacturing; Manufacturing

August 2005 (Revised April 2007)
Case

DICOM Group plc and Captiva Software Corp.

By: Paul M. Healy

Compares two companies in the information capture software industry. Asks students to analyze and compare the performance of two companies (one in the United Kingdom and the other in the United States) from the perspective of a buy-side analyst reporting to the manager... View Details