In random-demand models of monopolistic competition with many symmetric sellers, competition has little impact on prices for a broad range of distributional assumptions.
Management Science, 60(4), April 2014, 824-844 • website
An increase in the proportion of functional managers in top management teams of US firms since the mid-1980s was driven by (i) improvements in information technology and (ii) reduced firm diversification.
European Business Review, May-June 2012, 9-13 • website
2016; revise and resubmit at JLEO
Productive organizations that seek to develop shared culture and knowledge should limit growth rates and avoid acquisitive growth.
In a repeated cheap-talk game where voluntary monetary transfers serve both to signal information and to incentivize decision-making, intuitive and tractable patterns of optimal communication emerge.
To simultaneously signal wealth and social capital, consumers choose imperfectly conspicuous signals such as subtly-labelled luxury goods.
Vertical integration increases incentives for inefficient rent-seeking, especially in developing countries where corporate governance is poor.
Inefficiently complex public policy is an inevitable and persistent outcome when policy elements are interdependent and policymakers are in conflict.
Selected Research in Progress
Continuous versus Episodic Reorganizations • slides
In complex, highly interdependent systems such as organizations and software programs, optimal adaptation involves episodic, discrete reorganizations.
Conflict and Complexity in Public Policy • slides