The Impact of Competition on Prices with Numerous Firms
with Xavier Gabaix, David Laibson, Deyuan Li, Sidney Resnick, and Casper de Vries
Journal of Economic Theory, 165, September 2016, 1-24 websiteonline appendix
In random-demand models of monopolistic competition with many symmetric sellers, competition has little impact on prices for a broad range of distributional assumptions.
Who Lives in the C-Suite? Organizational Structure and the Division of Labor in Top Management
with Maria Guadalupe and Julie Wulf
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.
The Rise of the Functional Manager: Changes Afoot in the C-Suite
with Maria Guadalupe and Julie Wulf
European Business Review, May-June 2012, 9-13 website
Working Papers
Developing Shared Knowledge in Growing Firms
revise and resubmit at JLEO, 2016
Productive organizations that seek to develop shared culture and knowledge should limit growth rates and avoid acquisitive growth.
Relational Communication with Transfers
with Anton Kolotilin; 2016
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.
Inconspicuous Conspicuous Consumption
with Juan Carlos Carbajal and Jonathan Hall; 2015
To simultaneously signal wealth and social capital, consumers choose imperfectly conspicuous signals such as subtly-labelled luxury goods.
The Dynamics of Policy Complexity
with Keiichi Kawai; revise and resubmit at AEJ: Micro, 2015
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
with Anton Kolotilin
In complex, highly interdependent systems such as organizations and software programs, optimal adaptation involves episodic, discrete reorganizations.
Conflict and Complexity in Public Policy • slides
with Keiichi Kawai and Ruitian Lang