Now showing items 1-10 of 34
On the Evolution of Collective Enforcement Institutions: Communities and Courts
(2014-02)
We analyze the capacities of communities (or social networks) and courts to secure cooperation among heterogeneous, impersonal transactors. We find that communities and courts are complementary in that they tend to support ...
The Liquidity Premium of Near-Money Assets
(2014-06)
Treasury bills and other near-money assets provide owners with liquidity service benefits that are reflected in prices in the form of a liquidity premium. I relate time variation in this liquidity premium to changes in the ...
Adaptive Parametric and Nonparametric Multi-Product Pricing Via Self-Adjusting Controls
(2014-12)
We study a multi-period network revenue management (RM) problem where a seller sells multiple products made from multiple resources with finite capacity in an environment where the demand function is unknown a priori. The ...
Real and Nominal Equilibrium Yield Curves with Endogenous Inflation: A Quantitative Assessment
(2014-10)
The links between real and nominal bond risk premia and macroeconomic dynamics are explored analytically and quantitatively in a model with nominal rigidities and monetary policy. The interest-rate policy rule becomes a ...
To B or Not To B? Understanding the Emergence of Social Entrepreneurship in the Financialized Economy
(2014-07)
This study aims at understanding the recent proliferation of social enterprises, a class of organizations explicitly committed to advancing non-financial stakeholders’ interests, against the historical backdrop of economic ...
Looking in the Rear View Mirror: The Effect of Managers’ Professional Experience on Corporate Financial Policy
(2014-01)
We track the employment history of over 9,000 managers to study the effects of professional experiences on corporate policies. Our identification strategy exploits exogenous CEO turnovers and employment in other firms, in ...
Lp-Based Artificial Dependency for Probabilistic Etail Order Fulfillment
(2014-10)
We consider an online multi-item retailer with multiple fulfillment facilities and finite inventory, with the objective of minimizing the expected shipping cost of fulfilling customer orders over a finite horizon. We ...
National Drug Stockout Risks in Africa: Analysis of the Global Fund Disbursement Process for Procurement from 2002 to 2013
(2014-05)
Despite substantial financial aid from international donors for procurement of health products, stockouts of life-saving drugs related to prevalent infectious diseases are still widespread in Africa. Addressing the lack ...
Holding Corporate Officers Strictly Liable Under Patent and Corporate Law
(2014-05)
Corporate officer liability doctrines under both the Patent Act and the Copyright Act diverge markedly from traditional corporate, agency, and tort law doctrines. This paper argues that current case law reflects an instinctive ...
The Future of Sustainability Reporting as a Regulatory Mechanism
(2014-03)
Abstract. Sustainability reporting is now a mainstream activity among large, global corporations. The majority of the largest corporations in the United States now produce sustainability reports, and several European ...