Management Science, 60(4), April 2014, 824-844
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.
Journal of Economic Theory, 165, September 2016, 1-24
In random-demand models of monopolistic competition with many sellers, competition has little impact on prices for a broad range of distributional assumptions.
Journal of Economics & Management Strategy, forthcoming
Vertical integration increases incentives for inefficient rent-seeking, especially in developing countries where corporate governance is poor.
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.
revise and resubmit at Marketing Science
discussed in businessthink
To simultaneously signal wealth and social capital, consumers choose imperfectly conspicuous signals such as subtly-labelled luxury goods.
revise and resubmit at AEJ: Microeconomics
Inefficiently complex public policy is a likely and persistent outcome when policy elements are interdependent and policymakers are in conflict.
European Business Review, May-June 2012, 9-13
A practitioner-oriented discussion of the functional manager's role in the C-Suite, based on findings from Guadalupe, Li and Wulf (2014).
The Conversation, October 12th, 2016
A beginner's introduction to some of Oliver Hart and Bengt Holmström's most influential papers.