Now showing items 21-30 of 39
Defining "Material, Nonpublic:” What Should Constitute Illegal Insider Information?
(2015-09)
The statutory penalties for illegal insider trading have become almost as severe as first-degree murder, yet we see insiders make tens of thousands of lucrative transactions every year. Moreover, the increase in penalties ...
Offshoring Production while Offshoring Pollution
(2016-11)
This paper introduces a firm-strategy perspective to the global combat against environmental pollution. We find that U.S. plants release less toxic emissions when their parent firm imports more from low-wage countries ...
Locked in? The Enforceability of Covenants Not to Compete and the Careers of High-Tech Workers
(2017-01)
We examine how the enforceability of covenants not to compete (CNCs) affects employee mobility and wages of high-tech workers. We expect CNC enforceability to lengthen job spells and constrain mobility, but its impact on ...
Risky Suppliers or Risky Supply Chains? An Empirical Analysis of Sub-Tier Supply Network Structure on Firm Performance in the High-Tech Sector
(2015-12)
Past research in supply chain risk management has focused on the interactions between buyers and their immediate suppliers and/or assumed independence of risks imposed by these suppliers. However, supply network structure ...
Certainty Equivalent Planning for Multi-Product Batch Differentiation: Analysis and Bounds
(2015-12)
We consider a multi-period planning problem faced by a firm that must coordinate the production and allocations of batches to end products for multiple markets. Motivated by a problem faced by a biopharmaceutical firm, we ...
The Role of Feedback in Dynamic Crowdsourcing Contests: A Structural Empirical Analysis
(2016-12)
In this paper, we empirically examine the impact of performance feedback on the outcome of crowdsourcing contests. We develop a dynamic structural model to capture the economic processes that drive contest participants' ...
Local Fiscal Multiplier on R&D and Science Spending: Evidence from the American Recovery and Reinvestment Act
(2018-06)
We use detailed information about American Recovery and Reinvestment Act (ARRA) spending to identify the distinctive effects R&D stimulus had on county level employment dynamics. ARRA R&D and science funding was awarded ...
Economic and Policy Uncertainty: Export Dynamics and the Value of Agreements
(2018-06)
We examine the interaction of economic and policy uncertainty in a dynamic, heterogeneous
firms model. Uncertainty about foreign income, trade protection and their interaction dampens
export investment. This can be ...
The Covid-19 pandemic is a Vitamin D deficiency problem and is easy to solve: Revised to cite a new double-blind randomized study.
(2020-06)
In this paper, I argue that the covid-19 pandemic that has ravaged the world’s healthcare systems and economies is actually a Vitamin D deficiency problem with an unbelievably effective solution that costs a few cents a ...
Forgotten Scientific Miracles
(2020-07)
Why do we in the US spend more money on healthcare than anyone else in the world but keep getting sicker, fatter, and more susceptible to healthcare shocks such as the covid-19 pandemic than anyone else? What is the solution ...