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Does health insurance matter for entrepreneurship?
(Massachusetts Institute of Technology, 2016)
We study the effect of improved access to health insurance on entrepreneurial rates across industries. We use the 2006 reform of the Massachusetts health care market as our shock. In contrast to previous research, we use ...
Endogenous capability building and start-up advantage In creating new markets
(Massachusetts Institute of Technology, 2016)
Startups play a major role in establishing many new markets. This is theoretically puzzling because existing firms have more resources and relevant core and peripheral capabilities that should advantage them in diversifying ...
Shorting opaque signals
(Massachusetts Institute of Technology, 2016)
This study uses short interest data to show that quantitative equity investors devote more capital to firm-specific arbitrage strategies in stocks with more opaque earnings. There are also higher strategy returns in stocks ...
Technological breakthroughs, entry, and the direction of scientific progress : evidence from CRISPR/Cas9
(Massachusetts Institute of Technology, 2016)
Understanding the direction of technical progress is a central issue for the study of innovation. In this paper, I examine how the introduction of a breakthrough research tool affects the trajectory of a scientific field ...
Business cycle, reallocation of labor and asset prices
(Massachusetts Institute of Technology, 2016)
Empirical literature on reallocation of resources during business cycles provides an evidence of increased reallocation of labor across firms during downturns. In this paper I build a theoretical model with search frictions ...
Estimating peer effects in networked panel data
(Massachusetts Institute of Technology, 2016)
After product adoption, consumers make decisions about continued use. These choices can be influenced by peer decisions in networks, but identifying causal peer influence effects is challenging. Correlations in peer behavior ...
A Bayesian bandit approach to personalized online coupon recommendations
(Massachusetts Institute of Technology, 2016)
A digital coupon distributing firm selects coupons from its coupon pool and posts them online for its customers to activate them. Its objective is to maximize the total number of clicks that activate the coupons by sequential ...
Rational spamming
(Massachusetts Institute of Technology, 2016)
Advertising on social media faces a new challenge as consumers can actively choose which advertisers to follow. Tracking company accounts, owned by 93 TV shows on the most popular tweeting website in China, provides evidence ...
Essays in financial economics
(Massachusetts Institute of Technology, 2016)
In the first chapter, I examine how financial constraints affect asset allocation, and consequently productivity and asset values. Using a unique dataset of agricultural outcomes, I explore how farmers respond to exogenous ...
Perceived intentionality of societal discrimination as a moderator of preference for and effectiveness of approaches to difference
(Massachusetts Institute of Technology, 2016)
The present research identifies a novel measure of perceived intentionality of societal discrimination and demonstrates its value in predicting individuals' preference for and the effectiveness of different approaches to ...