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Corporate Decision-Making under Uncertainty : Review and Future Research Directions
Campello, Murillo; Kankanhalli, Gaurav - National Bureau of Economic Research - 2022
Uncertainty over future business conditions lies at the heart of firm decision-making. Uncertainty can arise from a myriad of sources and is difficult to measure. We present a simple conceptual framework showing how several key corporate decisions are affected by uncertainty. We also highlight...
Persistent link: https://www.econbiz.de/10013477225
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Outsourcing when Investments are Specific and Complementary
Lileeva, Alla - 2008
Using the universe of large Canadian manufacturing firms in 1988 and 1996, we investigate to what extent outsourcing … outsourcing less likely; (ii) complementarities between the investments of the buyer and the seller are also associated with less … outsourcing; (iii) property rights predictions on the link between investment intensities and optimal ownership are only supported …
Persistent link: https://www.econbiz.de/10012464170
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Global Sourcing
Antràs, Pol - 2003
We present a North South model of international trade in which differentiated products are developed in the North. Sectors are populated by final-good producers who differ in productivity levels. Based on productivity and sectoral characteristics, firms decide whether to integrate into the...
Persistent link: https://www.econbiz.de/10012468612
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The Future of Health Economics
Fuchs, Victor R. - 1999
This paper discusses health economics as a behavioral science and as input into health policy and health services research. I illustrate the dual role with data on publications and citations of two leading health economics journals and three leading American health economists. Five important,...
Persistent link: https://www.econbiz.de/10012471405
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Statistical Treatment Rules for Heterogeneous Populations : With Application to Randomized Experiments
Manski, Charles F. - 1999
This paper uses Wald's concept of the risk of a statistical decision function to address the question: How should sample data on treatment response be used to guide treatment choices in a heterogeneous population? Statistical treatment rules (STRs) are statistical decision functions that map...
Persistent link: https://www.econbiz.de/10012471689
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Probabilistic Prediction for Binary Treatment Choice : with Focus on Personalized Medicine
Manski, Charles F. - National Bureau of Economic Research - 2021
This paper extends my research applying statistical decision theory to treatment choice with sample data, using maximum regret to evaluate the performance of treatment rules. The specific new contribution is to study as-if optimization using estimates of illness probabilities in clinical choice...
Persistent link: https://www.econbiz.de/10012660036
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Herding with Heterogeneous Ability : An Application to Organ Transplantation
Mel, Stephanie de; Munshi, Kaivan; Reiche, Soenje; … - National Bureau of Economic Research - 2021
There are many economic environments in which an object is offered sequentially to prospective buyers. It is often observed that once the object for sale is turned down by one or more agents, those that follow do the same. One explanation that has been proposed for this phenomenon is that agents...
Persistent link: https://www.econbiz.de/10012660090
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Climate Change Uncertainty Spillover in the Macroeconomy
Barnett, Michael; Brock, William A.; Hansen, Lars Peter - National Bureau of Economic Research - 2021
The design and conduct of climate change policy necessarily confronts uncertainty along multiple fronts. We explore the consequences of ambiguity over various sources and configurations of models that impact how economic opportunities could be damaged in the future. We appeal to decision theory...
Persistent link: https://www.econbiz.de/10012599354
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A Synthetic Model of Disruption and Experimentation
Gans, Joshua - National Bureau of Economic Research - 2021
This paper examines how a firm's choice of the type of experiment impacts on its potential exploitation of new technological opportunities. It does so in the context of the failure of successful firms (or disruption) where the literature has informally suggested that firms undertake errors in...
Persistent link: https://www.econbiz.de/10012599381
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Who Protests, What Do They Protest, and Why?
Chenoweth, Erica; Hamilton, Barton Hughes; Lee, Hedwig; … - National Bureau of Economic Research - 2022
We examine individuals' decisions to attend protests during the summer of 2020. Our analysis examines two simultaneous movements: Black Lives Matter along with protests calling for less stringent public health measures to combat the COVID-19 (e.g., for swifter reopening of businesses). Our...
Persistent link: https://www.econbiz.de/10013191081