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Reputation with stopping time decision
(Massachusetts Institute of Technology, 2020)
This paper studies a long run relationship between two players while one player has reputation concern and the other player's decision is a stopping time. The equilibrium structure depends on the value of the long run ...
The depth of the river : student matriculation decisions and the black-white college completion gap
(Massachusetts Institute of Technology, 2020)
In the United States, black college students are less likely to graduate than white students, which has lead many to argue that the "climate" at colleges and universities is not conducive to black students' success. However, ...
Accommodation-through-Bypassing : overcoming professionals' resistance to the implementation of algorithmic technology
(Massachusetts Institute of Technology, 2020)
While algorithmic technologies are rapidly changing how work is performed in professional organizations, professional workers are resisting the implementation of these technologies in their workplaces. Previous studies of ...
Invisible value : how peripheral functions display their worth using narrative action
(Massachusetts Institute of Technology, 2020)
Within organizations, "core" functions directly contribute to organizational production, whereas "peripheral" functions offer support by maintaining key infrastructure. Commonly viewed as indirect contributors or even ...
How network structure impacts socially reinforced diffusion?
(Massachusetts Institute of Technology, 2020)
Social scientists have long studied adoption choices that depend on the number of prior adopters. What is the effect of network structure on such adoption dynamics? The emerging consensus holds that when agents require a ...
Lobbying as a hedge on political risk : when size matters
(Massachusetts Institute of Technology, 2020)
I develop a three-period asset pricing model with heterogeneity in firms size and a government that introduces a policy distortion. I find that large firms can better hedge the political uncertainty associated with this ...
Rising technologies, investment and discount rates
(Massachusetts Institute of Technology, 2020)
This paper examines the recent compositional shift in corporate capital and its impact on investment's sensitivity to funding costs. I show that the rising share of intangibles in U.S firms' assets significantly dampens ...
Cyclical dynamics in idiosyncratic consumption risk
(Massachusetts Institute of Technology, 2020)
This paper examines cyclical dynamics of idiosyncratic consumption risk using consumption data from the Nielsen Consumer Panel and the Panel Study of Dynamic Income. With GMM estimates and supplemental graphical analysis, ...
The announcement waiting game : holding costs, trading, and returns around earnings announcements
(Massachusetts Institute of Technology, 2021)
Firms and asset pricing anomalies earn large returns around earnings announcements. This paper advances an explanation for this phenomenon based on holding costs, which are costs incurred by investors while maintaining an ...
Comparing user behavior when targeted based on firm inferred interest vs. user stated interest
(Massachusetts Institute of Technology, 2021)
There has been a lot of discussions on giving user more control over their private information. Our paper wants to show how practices that give user more control over privacy, could facilitate collection of self-stated ...