Now showing items 1-10 of 12
Bargaining Power and Supply Base Diversification
(2009-12)
We examine a supply base diversification problem faced by a buyer who periodically holds auctions to award short term supply contracts among a cohort of suppliers (i.e., the supply base). To mitigate significant cost shocks ...
Momentum and House Price Growth In the U.S.: Anatomy Of a "Bubble"
(2009-01)
This paper analyzes the bubble in property values in the U.S. in the period from 1999 through 2005. We define a bubble as a regime shift characterized by a change in the properties of house price deviations from underlying ...
The Future of the Attorney-Client Privilege in Corporate Criminal Investigations
(2009-07)
This manuscript discusses how the Department of Justice (DOJ) has viewed waiver of the attorney-client privilege as an important factor evidencing cooperation when determining whether to enter non-prosecution or deferred ...
Who is Part of the Environmental Movement? Assessing Network Linkages between NGOs and Corporations
(2009-01)
In 2005, the number of organizations that described themselves as environmental NGOs reached 6,493. But, are all of these organizations part of same the environmental movement? This paper uses the tools of social network ...
Are Women Executives Disadvantaged?
(2009-07)
We investigate gender di®erences in insider trading behavior of senior corporate execu- tives in the U.S. between 1975 and 2008. We ¯nd that, on average, both female and male executives make positive pro¯ts from insider ...
Risk Taking, Guarantees, Securitization and the Option to Change Strategy: The Economics of Pulling a Fast One
(2009-01)
This paper analyzes the risk-taking behavior of financial intuitions that have guarantees (e.g., banks with deposit insurance or Government Sponsored Enterprises with implicit guarantees) and/or institutions that find it ...
Efficient Structures for Innovative Social Networks
(2009-11)
What lines of communication among members of an organization are most effective in the early, ideation phase of innovation? We investigate this question with a recombination and selection model of knowledge transfer operating ...
Reducing Poverty Through Employment
(2009-09)
Widespread poverty is an urgent challenge for the world. Creating opportunities for steady employment at reasonable wages is the best way to take people out of poverty. Reducing poverty through employment requires two major ...
Regulation of the Financial Services Industry: Whose Money is at Risk?
(2009-03)
The financial crisis will result in far-reaching reform of the regulatory system affecting the U.S. financial services industry, financial markets, and government interactions with the markets. This Article considers the ...
Regulate Microcredit to Protect Borrowers
(2009-09)
Private for-profit companies are playing an ever-larger role in the microcredit industry. The volatile combination of profit seeking companies, minimal competition, and vulnerable, ill-informed, ill-educated borrowers has ...