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MANSCI
2010
73views more  MANSCI 2010»
13 years 3 months ago
Timing of Effort and Reward: Three-Sided Moral Hazard in a Continuous-Time Model
Businesses often need to face the problem of providing incentives for employees to work together effectively on projects that develop over time. This paper derives the optimal con...
Jun Yang
MANSCI
2010
83views more  MANSCI 2010»
13 years 3 months ago
The Behavior of Risk and Market Prices of Risk Over the Nasdaq Bubble Period
We exploit the information in the options market to study the variations of return risk and market prices of different sources of risk during the rise and fall of the Nasdaq marke...
Gurdip Bakshi, Liuren Wu
MANSCI
2010
138views more  MANSCI 2010»
13 years 7 months ago
eBay's Crowded Evenings: Competition Neglect in Market Entry Decisions
: Do firms neglect competition when making entry decisions? Using a dataset of 14,973 eBay auctions this paper addresses this question analyzing the time of day at which sellers se...
Uri Simonsohn
MANSCI
2010
87views more  MANSCI 2010»
13 years 7 months ago
Another Hidden Cost of Incentives: The Detrimental Effect on Norm Enforcement
: Monetary incentives are often considered as a way to foster contributions to public goods in society and firms. This paper investigates experimentally the effect of monetary ince...
Andreas Fuster, Stephan Meier
MANSCI
2010
60views more  MANSCI 2010»
13 years 7 months ago
Innovation in Business Groups
Using novel data on European …rms, this paper examines the e¤ect of business group a¢ liation on innovation. We …nd that business groups foster the scale and novelty of corp...
Sharon Belenzon, Tomer Berkovitz