Increasing participation of Chinese companies in many global Standard Development Organizations (SDO) has fueled global competition for influence over the development of critical Information and Communication Technology (ICT) standards. SDOs face increasing expectations to increase the...

We explore the implications of introducing an interest-bearing central bank digital currency (CBDC) through commercial banks that differ in size. Banks of heterogeneous sizes offer different convenience properties to depositors, which the CBDC adopts. The large bank gives depositors a higher...

We investigate whether information transparency at the industry level is associated with the sustainability of within-industry differences in profitability. Since competitive actions lead to the elimination of intra-industry profitability differences, this investigation provides evidence on...

I analyse a homogeneous goods framework where firms receive binary and noisy signals about consumer valuations and consumers engage in sequential search. Firms have no information about consumers' search histories in the baseline model. Different search costs give rise to structurally different...

We use a computational linguistic algorithm to measure the topics covered in the text of school teacher contracts in Ohio. We use the topic modeling metrics in a calculation of the concentration of topics covered. This allows us to assess how expansive each contract is. As a proof of concept, we...

We examine whether firms’ co-opetition (i.e., simultaneously competitive and cooperative) behaviors in standard-setting organizations (SSOs) affect their public R&D disclosure. We find that relative to matched control firms, firms that participate in SSOs increase their narrative R&D...

Policymakers’ current approach to the problem of online misinformation, which revolves around defining the circumstances under which content platforms like Twitter and Facebook may be held liable for the speech of their users, fails to get at the root cause of the problem: the low cost of...

I examine effects of a health care system's policy to publicly disclose patient ratings of its physicians. I find evidence that this policy leads to performance improvement by the disclosed, subjective ratings and also by undisclosed, objective measures of quality. These effects are consistent...

The Dow Jones Industrial Average (DJIA), or Dow Jones, is a stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States. Over a period of time, it has become the global standard, a key indicator of the health of the US economy (in...

We examine how component changes affect network value. Theory indicates that increased component value can increase sales for network access. Using a panel of countries from 2003-2017, we test this by analyzing how the iPhone’s introduction in 2007 affected mobile broadband adoption. We find...