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Is No News (Perceived As) Bad News? An Experimental Investigation of Information Disclosure
market Information economics
2015/9/21
A central prediction of information economics is that market forces can lead businesses
to voluntarily provide information about the quality of their products, yet little
voluntary disclosure is o...
This paper examines principles of market design as
applied to electricity markets. I illustrate the principles
with examples of both good and bad designs. I discuss one
of the main design challe...
Good News and Bad News:Representation Theorems and Applications
Good News Bad News Theorems and Applications
2015/7/21
Good News and Bad News: Representation Theorems and Applications.
Growth and Decentralization in Bad Times Preliminary
organization decentralization uncertainty growth
2015/7/15
Is decentralization beneÖcial to Örm performance in ìbad timesî? We present a model where negative demand shocks increase the importance of rapid action, and improve the alignment of in...
'My Bad!' How Internal Attribution and Ambiguity of Responsibility Affect Learning from Failure
Attitudes Failure Learning
2015/4/29
Learning in organizations is a key determinant of individual and organizational success, and one valuable source of this learning is prior failure. Previous research finds that although individuals ca...
Playing Favorites:How Firms Prevent the Revelation of Bad News
Information Strategy Ethics
2015/4/28
We explore a subtle but important mechanism through which firms manipulate their information environments. We show that firms control information flow to the market through their specific organization...
Rainmakers: Why Bad Weather Means Good Productivity
Weather Productivity Opportunity Cost Distractions Weather and Climate Change Performance Productivity Social Psychology Mathematical Methods
2015/4/27
People believe that weather conditions influence their everyday work life, but to date, little is known about how weather affects individual productivity. Most people believe that bad weather conditio...
Don't Just Survive-Thrive:Leading Innovation in Good Times and Bad
Organizational Change and Adaptation Risk Management Leading Change Innovation and Management Crisis Management Growth and Development Strategy
2015/4/23
Battered by contracting markets and frozen credit, many businesses today are fighting for survival. Indeed, the current global financial crisis provides a mandate for restructuring. But survival is no...
Are Financial Crises Always Bad?
Financial Crises Bad
2014/11/28
The sub-prime mortgage crisis has raised some crucial questions:
Why do we need a Central bank? What should the Central bank do?
Casual observation suggests that the central banking techniques
deve...
Book Review: The Myth of the Rational Voter: Why Democracies Choose Bad Policies by Bryan Caplan
Rational Voter Bryan Caplan
2009/7/23
All serious students of political economy should read The Myth of the Rational
Voter. It attempts to answer one of the most important questions in political economy
– why democracies choose bad poli...
Determining underlying macroeconomic fundamentals during emerging market crises: Are conditions as bad as they seem?
Determining underlying macroeconomic fundamentals emerging market crises
2014/3/12
Emerging market crises are characterized by large swings in both macroeconomic fundamentals and asset prices. The economic significance of observed movements in macroeconomic variables is obscur...