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  • 08 Jan 2008
  • First Look

First Look: January 8, 2008

Abstract We use oil price fluctuations to construct a new instrument to test the impact of transfers from wealthy OPEC nations to their poorer Muslim allies. The instrument identifies plausibly exogenous variation in foreign aid. We... View Details
Keywords: Martha Lagace
  • 11 Aug 2009
  • First Look

First Look: August 11, 2009

from 3% to 15% as a fraction of government budget without negatively affecting publication quality and quantity. This follows incentive policy change and leadership change at labs, an event whose timing is plausibly exogenous being... View Details
Keywords: Martha Lagace
  • 13 Sep 2019
  • News

Hollywood Ending

“Hang on a second, let me just get my phone real quick,” Meg Whitman (MBA 1979) says midway through a conversation one Friday morning in May, darting out the door of a glass-walled conference room in Los Angeles. She gives the entirely View Details
Keywords: Jen McFarland Flint; photo by Christina Gandolfo
  • 26 Oct 2010
  • First Look

First Look: October 26, 2010

consistent predictors of voting behavior. For the former, we estimate sharp measures that control for common characteristics of the network, as well as heterogeneous impacts of a common network characteristic across votes. For common seat locations, we identify a set... View Details
Keywords: Sean Silverthorne
  • 12 Feb 2013
  • First Look

First Look: Feb. 12

Cost-Benefit Analysis in Environmental Policy Abstract We conducted an analysis that explores the merits of a low-carbon development strategy for Liberia. This chapter describes both our cost-benefit analysis initiative and a plausible... View Details
Keywords: Sean Silverthorne
  • 07 Feb 2007
  • Research & Ideas

Dividends from Schumpeter’s Noble Failure

the very aspect that offended Schumpeter: a plausible diagnosis of the Great Depression, and a prescription for its cure. However legitimate Schumpeter's protests may have been—and a flood of scholarship over the next four decades washed... View Details
Keywords: by Thomas K. McCraw
  • 07 Aug 2007
  • First Look

First Look: August 7, 2007

that both effects are operative. Instrumental variables analysis indicates that plausibly exogenous changes in payout policy result in shifting institutional ownership patterns. Similarly, exogenous changes in the tax code indicate that... View Details
Keywords: Martha Lagace
  • 29 Jun 2007
  • First Look

First Look: June 29, 2007

facts of the case are described in Millstone & Subramanian (2007). This Commentary examines Oracle's alternatives and PeopleSoft's potential responses in the fall of 2004. I demonstrate that certain defects in the design of PeopleSoft's poison pill made a... View Details
Keywords: Martha Lagace
  • 22 Apr 2014
  • First Look

First Look: April 22

decision-making is successful. Using plausibly exogenous variation in exposure to state-mandated personal finance and mathematics high school courses, affecting millions of students, this paper answers the question "Can good... View Details
Keywords: Sean Silverthorne
  • 07 Dec 2009
  • Research & Ideas

Government’s Positive Role in Kick-Starting Entrepreneurship

Two well-documented problems can derail government programs to boost new venture activity. First, they can simply get it wrong: allocating funds and support in an inept or, even worse, counterproductive manner. Decisions that seem View Details
Keywords: by Sean Silverthorne; Technology
  • 29 Jul 2008
  • First Look

First Look: July 29, 2008

use oil price fluctuations to construct a new instrument to test the impact of transfers from wealthy OPEC nations to their poorer Muslim allies. The instrument identifies plausibly exogenous variation in foreign aid. We investigate how... View Details
Keywords: Martha Lagace
  • 06 Dec 2021
  • News

December 2021 Alumni and Faculty Books

is looking for a plausible excuse to attack before he finally submits his plan to the Politburo in Moscow for approval. Inanovski is relying on the West German Red Army Faction to start rioting in the streets of Bonn, Hamburg, and Munich.... View Details
  • 16 Jan 2019
  • Research & Ideas

What Football Firings Teach Managers About Staying Relevant

quartile findings suggest that the very best coaches—those that win Super Bowls and survive for more than 10 seasons with the same team—stay consistent and win over long periods of time due to exceptional management skills. Similarly, it is View Details
Keywords: by Boris Groysberg, Evan M.S. Hecht, and Abhijit Naik; Sports
  • 12 Feb 2008
  • First Look

First Look: February 12, 2007

variation in average asset returns than aggregate or non-stockholder consumption risk and provides more plausible economic magnitudes. We find that risk aversion estimates around 10 can match observed risk premia for the wealthiest... View Details
Keywords: Martha Lagace
  • 10 Apr 2018
  • First Look

First Look at New Research, April 10, 2018

commercially or have direct contractual relations. The framework aims to ground the responsibilities of managers in an intuitively plausible standard that is widely recognizedd—duty not to harm others—and to make tractable the concept of... View Details
Keywords: Sean Silverthorne
  • 31 Jan 2012
  • First Look

First Look: Jan. 31

or decrease optimal redistribution. In the most plausible specifications of the model, however, the result is clear: greater variation in preferences lowers the optimal extent of redistribution. To generate more redistribution than in... View Details
Keywords: Sean Silverthorne & Carmen Nobel
  • 28 Aug 2012
  • First Look

First Look: August 28

substantial variation across lenders, even within a particular setting. This paper exploits a plausibly exogenous change in the liability structure offered by a microfinance program in India, which shifted from individual to group... View Details
Keywords: Sean Silverthorne
  • 26 Feb 2008
  • First Look

First Look: February 26, 2008

year dummies. These effects separate across groups in a pattern that appears broadly plausible (e.g., the rich suffer environmental degradation more than the poor). Based on actual changes from 1975 to 1997, small contributions to... View Details
Keywords: Martha Lagace
  • 18 Sep 2018
  • First Look

New Research and Ideas, September 18, 2018

prior theory of subsidiary absorptive capacity and argue that larger subsidiaries, characterized by greater knowledge stock and a greater fraction of local employees, could plausibly absorb more knowledge from the local host country... View Details
Keywords: Dina Gerdeman
  • 15 Jan 2013
  • First Look

First Look: January 15

particular setting. This paper exploits a plausibly exogenous change in the liability structure offered by a microfinance program in India, which shifted from individual to group liability lending. We find evidence that the lending model... View Details
Keywords: Sean Silverthorne