All Outputs (85)

Multi-product firms and product quality (2017)
Journal Article

We examine the global operations of multi-product firms. We present a flexible heterogeneous firm trade model with either limited or strong scope for quality differentiation. Using customs data for China during 2002-2006, we empirically establish tha... Read More about Multi-product firms and product quality.

Reciprocity and the tragedies of maintaining and providing the commons (2017)
Journal Article

Social cooperation often requires collectively beneficial but individually costly restraint to maintain a public good, or it needs costly generosity to create one. Status quo effects predict that maintaining a public good is easier than providing a n... Read More about Reciprocity and the tragedies of maintaining and providing the commons.

Monetary policy and the role of inventory investment (2017)
Journal Article

In this paper, we develop a dynamic stochastic general equilibrium model (DSGE) with sticky prices and inventory investment to explore the relationship between inventories and monetary policy. We use the traditional inventory literature as a basis to... Read More about Monetary policy and the role of inventory investment.

Trade, Firm Selection and Innovation: The Competition Channel (2017)
Journal Article

We study the welfare gains from trade in an economy with heterogeneous firms, variable markups and endogenous growth. Variable markups arise from oligopolistic competition, and cost-reducing innovation is the engine of long-run growth. Trade liberali... Read More about Trade, Firm Selection and Innovation: The Competition Channel.

Inflation Expectations, Learning, and Supermarket Prices: Evidence from Survey Experiments (2017)
Journal Article

Information frictions play a central role in the formation of household inflation expectations, but there is no consensus about their origins. We address this question with novel evidence from survey experiments. We document two main findings. First,... Read More about Inflation Expectations, Learning, and Supermarket Prices: Evidence from Survey Experiments.

The value of vulnerability: the transformative capacity of risky trust (2017)
Journal Article

In an experimental gift-exchange game, we explore the# transformative capacity of vulnerable trust, which we define as trusting untrustworthy players when their untrustworthiness is common knowledge between co-players. In our experiment, there are tw... Read More about The value of vulnerability: the transformative capacity of risky trust.

Calendar mechanisms (2017)
Journal Article

I study the dynamic mechanism design problem of a monopolist selling a fixed number of service slots to randomly arriving, short-lived buyers with heterogeneous values. The fully optimal mechanism is a non-standard auction in which bidders' payoffs a... Read More about Calendar mechanisms.

Trust and technology transfers (2017)
Journal Article

Research and development is largely done by multinationals (MNEs) that transfer technology to their foreign subsidiaries. Trust might be an important determinant of the governance of technology transfers because trust can reduce the dependence of the... Read More about Trust and technology transfers.

Testing for instability in covariance structures (2017)
Journal Article

We propose a test for the stability over time of the covariance matrix of multivariate time series. The analysis is extended to the eigensystem to ascertain changes due to instability in the eigenvalues and/or eigenvectors. Using strong Invariance Pr... Read More about Testing for instability in covariance structures.

Partisan Interactions: Evidence from a Field Experiment in the United States (2017)
Journal Article

We conducted a field experiment to study social influences on partisan political participation. We sent letters to 92,000 contributors during the 2012 presidential election campaign. We randomized features of the letters and measured the effects of t... Read More about Partisan Interactions: Evidence from a Field Experiment in the United States.

Complicity without connection or communication (2017)
Journal Article

We use a novel laboratory experiment involving a die rolling task embedded within a coordination game to investigate whether complicity can emerge when decision-making is simultaneous, the potential accomplices are strangers and neither communication... Read More about Complicity without connection or communication.

Growth, Employment, and Poverty in Latin America (2017)
Book

Team incentives and leadership (2017)
Journal Article

We study, experimentally, how two alternative incentive mechanisms affect team performance and how a team chooses between alternative mechanisms. We study a group incentive mechanism (team output is shared equally among team members) and a hierarchic... Read More about Team incentives and leadership.

The effect of voluntary participation on cooperation (2017)
Journal Article

We study the effects of voluntary participation on cooperation in collective action problems. Voluntary participation may foster cooperation through a mechanism of assortative selection of interaction partners based on false consensus bias, or throug... Read More about The effect of voluntary participation on cooperation.

The role of information search and its influence on risk preferences (2017)
Journal Article

According to the ‘Description–Experience gap’ (DE gap), when people are provided with the descriptions of risky prospects they make choices as if they overweight the probability of rare events; but when making decisions from experience after explorin... Read More about The role of information search and its influence on risk preferences.

Conditional cooperation and betrayal aversion (2017)
Journal Article

We investigate whether there is an association between conditional cooperation and betrayal aversion, two phenomena that we conjecture share common psychological characteristics despite having been studied largely separately in the previous literatur... Read More about Conditional cooperation and betrayal aversion.

A Randomized Sequential Procedure to Determine the Number of Factors (2017)
Journal Article

© 2018, © 2018 American Statistical Association. This article proposes a procedure to estimate the number of common factors k in a static approximate factor model. The building block of the analysis is the fact that the first k eigenvalues of the cov... Read More about A Randomized Sequential Procedure to Determine the Number of Factors.

Belief formation in a signaling game without common prior: an experiment (2017)
Journal Article

Using belief elicitation, the paper investigates the process of belief formation and evolution in a signaling game in which a common prior is not induced. Both prior and posterior beliefs of Receivers about Senders' types are elicited, as well as bel... Read More about Belief formation in a signaling game without common prior: an experiment.

Monetary and macroprudential policies under fixed and variable interest rates (2017)
Journal Article

In this paper, I analyze the ability of monetary policy to stabilize both the macroeconomy and financial markets under two different scenarios: fixed and variable-rate mortgages. I develop and solve a New Keynesian dynamic stochastic general equilibr... Read More about Monetary and macroprudential policies under fixed and variable interest rates.

Communication, leadership and coordination failure (2017)
Journal Article

We investigate the limits of communication and leadership in avoiding coordination failure in minimum effort games. Our environment is challenging, with low benefits of coordination relative to the effort cost. We consider two leader types: cheap-tal... Read More about Communication, leadership and coordination failure.