This dissertation empirically investigates macroeconomic fluctuations.In the first chapter, I study nontechnology shocks. It is popular to identify technology shocks as shocks permanently affecting labor productivity in SVAR. However it potentially misidentifies nontechnology shocks permanently...

In the first section, a firm with two servers must decide how to dynamically route arriving customers and allocate servers to two separate queues. The servers may work together or separately, and we provide insights into how the firm should optimally route customers and assign servers to queues....

This dissertation focuses on issues related to economic globalization and its implications for the domestic economy. The first two chapters pertain to international financial integration, while the last chapter studies the impact of interprovincial migration in China as a result of...

This dissertation addresses three questions that arise out of the voluntary and subjective provision of feedback and its subjective interpretation. The first study is an experimental investigation of a mechanism designed to give buyers incentives for feedback provision. It starts from the...

The estimation of dynamic stochastic general equilibrium (DSGE) models is the subject of a rapidly growing literature. This dissertation contributes to the existing body of work by focusing on issues related to parameter identification.In the first essay I show that DSGE models are characterized...

This dissertation examines institutional investors' trading behavior in a sample of322 firms alleged in Accounting, Auditing, and Enforcement Releases to havemanipulated their accounting earnings (hereafter fraud firms). Over the course ofthe fraud period, I find that institutions increase their...

I explore the effect of accounting complexity on misreporting using a setting of revenue restatements. I measure revenue recognition complexity using a factor score based on the number of words and revenue recognition methods from the revenue recognition disclosure in the 10-K just prior to the...

In this dissertation, I examine how political environments influence industry structure and entrepreneurial opportunities following deregulation. Though deregulation implies a removal of government control, I propose that deregulation remains a political process that is shaped by previous...

How do changes in competitive intensity affect trade patterns? In this paper, we exploit a quasi-natural experiment associated with increased anti-trust enforcement activity over the last two decades. A large number of international markets underwent a change in competitive intensity as they...

The first essay considers a service center with two stations in accordance with independent Poisson processes. Service times at either station follow the same general distribution, are independent of each other and are independent of the arrival process. The system is charged station-dependent...