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  • 29 Oct 2018
  • Research & Ideas

Hunting for a Hot Job in High Tech? Try 'Digitization Economist'

teams to focus on specific business problems, which often means their research is not shared externally. In academia, a growing set of economists are now teaching at business schools, which have been increasing their course offerings... View Details
Keywords: by Roberta Holland; Technology; Education
  • November 2019
  • Article

Full Substitutability

By: John William Hatfield, Scott Duke Kominers, Alexandru Nichifor, Michael Ostrovsky and Alexander Westkamp
Various forms of substitutability are essential for establishing the existence of equilibria and other useful properties in diverse settings such as matching, auctions, and exchange economies with indivisible goods. We extend earlier models’ definitions of... View Details
Keywords: Substitutability; Mathematical Methods; Auctions; Market Design
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  • 01 Mar 2004
  • Lessons from the Classroom

Mission to Mars: It Really Is Rocket Science

more effectively design and measure complex projects and organizations. Sean Silverthorne: What drew you to the NASA/JPL Mars program as potential case material? Alan MacCormack: First, it was an ideal context in which to explore one of... View Details
Keywords: by Sean Silverthorne
  • 2010
  • Chapter

Deferred Acceptance Algorithms: History, Theory, Practice

By: Alvin E. Roth
The deferred acceptance algorithm proposed by Gale and Shapley (1962) has had a profound influence on market design, both directly, by being adapted into practical matching mechanisms, and indirectly, by raising new theoretical questions. Deferred acceptance algorithms... View Details
Keywords: Labor; Market Design; Marketplace Matching; Failure; Mathematical Methods
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  • 02 Oct 2000
  • Research & Ideas

Networked Incubators: Hothouses of the New Economy

valuable networking benefits through networked incubators. The first is Brainshark.com, a year-old company that got started in a Boston-based incubator called Reach Internet Incubator. A year ago, founders Joe Gustafson and Mark Yacovone faced the challenge of View Details
Keywords: by Morten T. Hansen, Henry W. Chesbrough, Nitin Nohria & Donald N. Sull
  • 16 Sep 2015
  • Research & Ideas

Can Applied Economics Save Homeless Puppies?

In 2012, two seasoned scholars shared the Nobel Memorial Prize in Economic Sciences for their research on designing markets. Lloyd Shapley had developed theoretical methods to create stable matches in... View Details
Keywords: by Carmen Nobel; Retail
  • Profile

Kaki Ettinger

engineer to launch new functionalities for his nonprofit coding website, and leverage human-centered design principles to do research for a large corporation. During the final semester of my MBA, I applied... View Details
Keywords: Entertainment / Media; Technology; Entrepreneurship
  • 01 Dec 2018
  • News

Competencies and Credentials

pace of technological change, the emergence of a gig economy, and shifting global and labor markets. As faculty co-chairs of the Managing the Future of Work project, William Kerr and Joseph Fuller are leading efforts to prepare leaders for the changes ahead. Take, for... View Details
  • June 2025
  • Article

Collusion in Brokered Markets

By: John William Hatfield, Scott Duke Kominers and Richard Lowery
High commissions in the U.S. residential real estate agency market present a puzzle for economic theory because brokerage is not a concentrated industry. We model brokered markets as a game in which agents post prices for customers and then choose which other agents to... View Details
Keywords: Real Estate Agents; Real Estate; Realtors; Broker Networks; Brokerage; Brokerage Commissions; ＂Brokerage Industry; Brokered Markets; Brokering; Brokers; Industrial Organization; Repeated Game Framework; ＂Repeated Games＂; Collusion; Antitrust; Microeconomics; Market Design; Theory; Game Theory; Real Estate Industry
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  • 01 Dec 2012
  • News

Alvin Roth Wins Nobel Prize in Economics

were much more efficient if they were designed well rather than allowed to evolve naturally," explained Roth's colleague, Albert H. Gordon Professor of Business Administration Brian Hall, head of the NOM Unit. "Among his many... View Details
  • 11 Jul 2012
  • Research & Ideas

The Future of Boards

that realm," he says. Lorsch is the Louis Kirstein Professor of Human Relations at HBS, where he has taught and researched for over 47 years. He is the author of many articles and books about boards of directors, including Pawns or... View Details
Keywords: by Julia Hanna
  • 2019
  • Article

Ridesharing with Driver Location Preferences

By: Duncan Rheingans-Yoo, Scott Duke Kominers, Hongyao Ma and David C. Parkes
We study revenue-optimal pricing and driver compensation in ridesharing platforms when drivers have heterogeneous preferences over locations. If a platform ignores drivers' location preferences, it may make inefficient trip dispatches; moreover, drivers may strategize... View Details
Keywords: Ridesharing; Pricing; Compensation and Benefits; Geographic Location; Market Design; Mathematical Methods
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  • 12 Aug 2013
  • Research & Ideas

‘Hybrid’ Organizations a Difficult Bet for Entrepreneurs

Consider two organizations with the same noble purpose: to solve the problem of poor eyesight in developing countries. The first, the Centre for Vision in the Developing World, follows a traditional nonprofit model, soliciting donations that fund the creation and... View Details
Keywords: by Michael Blanding
  • 07 Jul 2003
  • Research & Ideas

The Organizational Model for Open Source

themselves from individual liability. Since the Free Software Foundation was founded in 1985, a number of new nonprofit foundations have formed, often around specific technologies, to serve the interests of programmers. HBS professor Siobhán O'Mahony discusses her... View Details
Keywords: by Mallory Stark
  • January 1994
  • Case

Evolving Finance Function: Judy C. Lewent at Merck & Co., Inc.

By: Timothy A. Luehrman
This case examines the career path of Merck's CFO, Judy C. Lewent, as a way of tracing changes over time in Merck's finance function. It describes the adoption of innovative quantitative analytical models, changes in job definitions and in the organization of the... View Details
Keywords: Finance; Mathematical Methods; Personal Development and Career; Organizational Design; Innovation and Invention; Pharmaceutical Industry
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  • 20 Jul 2017
  • News

Life Lab Nurtures Early Stage Startup Day Zero Diagnostics

doctors often treat patients with powerful, broad-spectrum antibiotics that can have negative side effects. Ironically, this can lead to more antibiotic resistance, requiring the creation of ever more powerful antibiotics. DZD’s diagnostic is View Details
Keywords: Scientific Research and Development Services
  • 30 May 2005
  • Research & Ideas

Germany’s Pioneering Corporate Managers

this interview he discusses the development of the German corporation and what modern managers can learn from that history. The book was edited by Thomas K. McCraw, the Isidor Straus Professor of Business History at HBS, and was View Details
Keywords: by Sean Silverthorne
  • 05 Aug 2010
  • What Do You Think?

What Is Customer Opinion Good For?

dominance, mainly through the design of new businesses and products before the competition might get to them. They wrote, "To set a company on a strong, profitable growth trajectory it won't work to benchmark competitors Nor is conducting... View Details
Keywords: by Jim Heskett; Technology
  • 16 Apr 2012
  • Research & Ideas

The Inner Workings of Corporate Headquarters

coordinating function. "We have plenty of case studies, but given how important it is, there is remarkably little academic research that looks at the headquarters of a multiunit firm," he says. In fact, so mysterious is the... View Details
Keywords: by Michael Blanding
  • 14 May 2001
  • Research & Ideas

Are You Managing To a ‘T’? Time To Break With Tradition

conditions, it also can lead to competition between units, which may hoard, rather than share, expertise. By encouraging collaboration, a T-shaped management system can be a powerful counterbalance to such negative behavior. Our research... View Details
Keywords: by Morten T. Hansen & Bolko Von Oetinger