In this paper, we address empirically the trade-offs involved in choosing between bureaucrats and politicians. In order to do this, we need to map institutions of selection and retention of public officials to the type of public officials they induce. We do this by specifying a collective...

Due to differences in the effectiveness and side effects of different drugs, uncertainty is an important component of prescription drug choice. This uncertainty can cause patients and doctors to experiment with different drugs until they find a good match. In this paper, we specify and estimate...

Self-employed workers provide useful evidence about the nature of flexible labor supply and possible reference-dependence. Many previous studies analyzed taxi cabdrivers. Newer rideshare platforms provide greater work hour flexibility and use surge pricing, making future marginal wages salient....

Choice spillovers across behavioral domains are important for market- ing, as they suggest that interventions in one choice domain may have far-reaching, and countervailing influences, in other domains. Using a novel dataset drawn from a university population, we study individual- level exercise...

In this paper we propose a methodology for estimating preference parameters in matching models. Our estimator applies to repeated observations of matchings among a fixed group of individuals, which is a similar data structure as in Fox (2010). Our estimator is based on stability conditions in...

Emerging markets are fast growing developing countries that are creating not only a rapidly expanding segment of middle class and rich consumers but also have a sizable segment of poor consumers. This paper presents an interdisciplinary perspective integrating insights from quantitative and...

Forecast improvements can be expected if the two partners involved in a brokerage merger pool information and expertise. We examine four large mergers of brokerage firms in the last decade to study the incidence of and explanations for forecast improvements after the mergers. At the...

A new Information Aggregation Mechanism (IAM), developed via laboratory experimental methods, is implemented inside Intel Corporation in a long-running field test. The IAM, incorporating features of pari-mutuel betting, is uniquely designed to collect and quantize as probability distributions...

With the industry trend of shifting from a traditional hierarchical approach to flatter management structure, crowdsourced performance assessment gained mainstream popularity. One fundamental challenge of crowdsourced performance assessment is the risks that personal interest can introduce...