The Visible Hand: Recent Episodes
Jordi Blanes i Vidal
The Visible Hand is a podcast about organisations, economics, and management, hosted by Jordi Blanes i Vidal.
The paper discussed in this episode is ‘Monitoring Harassment in Organizations’, by Laura Boudreau, Sylvain Chassang, Ada Gonzalez-Torres, and Rachel M. Heath.
Papers mentioned in this episode include:
Chassang, S., & Miquel, G. P. I. (2019). Crime, intimidation, and whistleblowing: A theory of inference from unverifiable reports. The Review of Economic Studies, 86(6), 2530-2553.
Introducing a six-episode season devoted to the intersection between health and organisational economics.
The paper discussed in this episode is “Answering the Call of Automation: How the Labor Market Adjusted to Mechanizing Telephone Operation” by James Feigenbaum and Dan Gross.
Papers mentioned in this episode include:
Acemoglu, D., & Restrepo, P. (2019). Automation and new tasks: How technology displaces and reinstates labor. Journal of economic perspectives, 33(2), 3-30.
Autor, D., Chin, C., Salomons, A., & Seegmiller, B. (2024). New frontiers: The origins and content of new work, 1940–2018. The Quarterly Journal of Economics, qjae008.
Gordon, R. (2017). The rise and fall of American growth: The US standard of living since the civil war. Princeton university press.
The paper discussed in this episode is “Drilling Deadlines and Oil and Gas Development” by Evan Herrnstadt, Ryan Kellogg, and Eric Lewis.
Papers mentioned in this episode include:
Hendricks, K., Porter, R. H., & Tan, G. (1993). Optimal selling strategies for oil and gas leases with an informed buyer. The American Economic Review, 83(2), 234-239.
Laffont, J. J., & Tirole, J. (1986). Using cost observation to regulate firms. Journal of political Economy, 94(3, Part 1), 614-641.
Rust, J. (1987). Optimal replacement of GMC bus engines: An empirical model of Harold Zurcher. Econometrica: Journal of the Econometric Society, 999-1033.
The paper discussed in this episode is “Violence Against Women at Work” by Abi Adams-Prassl, Kristiina Huttunen, Emily Nix, and Ning Zhang.
Papers mentioned in this episode include:
Folke, O., & Rickne, J. (2022). Sexual harassment and gender inequality in the labor market. The Quarterly Journal of Economics, 137(4), 2163-2212.
The paper discussed in this episode is “Gang Rule: Understanding and Countering Criminal Governance” by Christopher Blattman, Gustavo Duncan, Benjamin Lessing, and Santiago Tobón.
Papers mentioned in this episode include:
Blanes i Vidal, J., & Kirchmaier, T. (2018). The effect of police response time on crime clearance rates. The Review of Economic Studies, 85(2), 855-891.
The paper discussed in this episode is “Coordination and Organization Design: Theory and Micro-Evidence” by Wouter Dessein, Desmond Lo, and Chieko Minami.
Papers mentioned in this episode include:
Aghion, P., & Tirole, J. (1997). Formal and real authority in organizations. Journal of political economy, 105(1), 1-29.
Alonso, R., Dessein, W., & Matouschek, N. (2008). When does coordination require centralization?. American Economic Review, 98(1), 145-179.
Bloom, N., Sadun, R., & Van Reenen, J. (2012). The organization of firms across countries. The quarterly journal of economics, 127(4), 1663-1705.
Dessein, W., Garicano, L., & Gertner, R. (2010). Organizing for synergies. American Economic Journal: Microeconomics, 2(4), 77-114.
Dessein, W., & Santos, T. (2006). Adaptive organizations. Journal of political Economy, 114(5), 956-995.
Garicano, L., & Rayo, L. (2016). Why organizations fail: Models and cases. Journal of Economic Literature, 54(1), 137-192.
The paper discussed in this episode is “To Follow the Crowd? Benefits and Costs of Migrant Networks” by Yulu Tang.
Papers mentioned in this episode include:
Beaman, L. A. (2012). Social networks and the dynamics of labour market outcomes: Evidence from refugees resettled in the US. The Review of Economic Studies, 79(1), 128-161.
Borusyak, K., & Hull, P. (2023). Nonrandom exposure to exogenous shocks. Econometrica, 91(6), 2155-2185.
The paper discussed in this episode is “Should Top Surgeons Practice at Top Hospitals? Sorting and Complementarities in Healthcare”, by Pauline Mourot.
Papers mentioned in this episode include:
Abowd, J. M., Kramarz, F., & Margolis, D. N. (1999). High wage workers and high wage firms. Econometrica, 67(2), 251-333.
Bonhomme, S., Lamadon, T., & Manresa, E. (2019). A distributional framework for matched employer employee data. Econometrica, 87(3), 699-739.
The paper discussed in this episode is “Are Executives in Short Supply? Evidence from Death Events”, by Julien Sauvagnat and Fabiano Schivardi. This paper was published in the Review of Economic Studies in 2023.
The paper discussed in this episode is “Enabling or Limiting Cognitive Flexibility? Evidence of Demand for Moral Commitment”, by Silvia Saccardo and Marta Serra-Garcia. The paper was published in the American Economic Review in 2023.
The paper discussed in this episode is “State Capacity as an Organizational Problem. Evidence from the Growth of the U.S. State over 100 years”, by Edoardo Teso and Nicola Mastrorocco.
The paper discussed in this episode is “Leadership and Productivity: A Study of U.S. Automobile Assembly Plants”, by Soledad Giardili, Kamalini Ramdas, and Jonathan W. Williams. The paper was published in 2022 in Management Science.
The paper discussed in this episode is “Technological Change and the Consequences of Job Loss”, by J. Carter Braxton and Bledi Taska. The paper was published in 2023 in the American Economic Review.
The paper discussed in this episode is “More Than a Penny’s Worth: Left-Digit Bias and Firm Pricing”, by Avner Strulov-Shlain. The paper was published at the Review of Economic Studies in 2022.
The paper discussed in this episode is “What Happens When Employers Can No Longer Discriminate in Job Ads?”, by Peter Kuhn and Kailing Shen. The paper was published at the American Economic Review in 2023.
The paper discussed in this episode is “Human Capital, Female Employment, and Electricity: Evidence from the Early 20th-Century United States”, by Daniela Vidart. The paper is forthcoming at the Review of Economic Studies.
The paper discussed in this episode is “Individuals and Organizations as Sources of State Effectiveness”, by Michael Best, Jonas Hjort, and David Szakonyi. The paper was published in the American Economic Review in 2023.
The paper discussed in this episode is “Shocks and Technology Adoption: Evidence from Electronic Payment Systems”, by Nicolas Crouzet, Apoorv Gupta, and Filippo Mezzanotti. The paper is forthcoming at the Journal of Political Economy.
The paper discussed in this episode is “Heroes and Villains: The Effects of Heroism on Autocratic Values and Nazi Collaboration in France”, by Julia Cagé, Anna Dagorret, Pauline Grosjean, and Saumitra Jha. The paper was published in American Economic Review in 2023.
The paper discussed in this episode is “The Slaughter of the Bison and Reversal of Fortunes on the Great Plains”, by Donn L Feir, Rob Gillezeau, and Maggie Jones. The paper was published in the Review of Economic Studies in 2023.
The paper discussed in this episode is “Closing the Revolving Door”, by Joseph Kalmenovitz, Siddharth Vij, and Kairong Xiao.
The paper discussed in this episode is ‘‘Common Ownership, Competition, and Top Management Incentives”, by Miguel Antón, Florian Ederer, Mireia Giné, and Martin Schmalz. This paper was published in the Journal of Political Economy in 2023.
Some of the data used in this paper, particularly that relating to Firm-pair profit weights for S&P 500 firms and Corporate Ownership of S&P 500 firms are available at https://corporateownershipdata.com/
The paper discussed in this episode is ‘‘Middle Managers, Personnel Turnover, and Performance: A Long-Term Field Experiment in a Retail Chain”, by Guido Friebel, Matthais Heinz, and Nikolay Zubanov. The paper was published in Management Science in 2021.
The paper discussed in this episode is ‘Increasing the Demand For Workers with a Criminal Record’, by Zoe Cullen, Will Dobbie, and Mitchell Hoffman. The paper was published at The Quarterly Journal of Economics in 2023.
The paper discussed in this episode is ‘Career Spillovers in Internal Labour Markets’, by Nicola Bianchi, Giulia Bovini, Jin Li, Matteo Paradisi, and Michael Powell. The paper was published at the Review of Economic Studies in 2022.
The paper discussed in this episode is ‘Cutting the Innovation Engine: How Federal Funding Shocks Affect University Patenting, Entrepreneurship, and Publications’, by Tania Babina, Alex Xi He, Sabrina T. Howell, Elisabeth Ruth Perlman, and Joseph Staudt. The paper was published at the Quarterly Journal of Economics in 2023.
The paper discussed in this episode is ‘Managerial Quality and Productivity Dynamics’, by Achyuta Adhvaryu, Anant Nyshadham, and Jorge Tamayo. The paper was published at the Review of Economic Studies in 2022.
The paper discussed in this episode is ‘Hours Constraints, Occupational Choice, and Gender: Evidence from Medical Residents’, by Melanie Wasserman. The paper is forthcoming at the Review of Economic Studies.
The paper discussed in this episode is ‘Minimum Wage and Individual Worker Productivity: Evidence from a Large US Retailer’, by Decio Coviello, Erika Deserranno, and Nicola Persico. The paper was published at the Journal of Political Economy in 2022.
The paper discussed in this episode is ‘Improving Workplace Climate in Large Corporations: A Clustered Randomised Intervention’, by Sule Alan, Gozde Corekcioglu, and Matthias Sutter. The paper was published at the Quarterly Journal of Economics in 2023.
The paper discussed in this episode is Agricultural Change in the United States: Evidence from the Golden Age of Radio, by Arthur Novaes de Amorim
Other papers mentioned in this episode are:
Gupta, A., Ponticelli, J., & Tesei, A. (2020). Information, technology adoption and productivity: The role of mobile phones in agriculture (No. w27192). National Bureau of Economic Research.
Olken, B. A. (2009). Do television and radio destroy social capital? Evidence from Indonesian villages. American Economic Journal: Applied Economics, 1(4), 1-33.
The paper discussed in this episode is Long-Term Relationships and the Spot Market: Evidence from US Trucking, by Adam Harris and Thi Mai Anh Nguyen
Other papers mentioned in this episode are:
Caliendo, L., Parro, F., Rossi-Hansberg, E., & Sarte, P. D. (2018). The impact of regional and sectoral productivity changes on the US economy. The Review of economic studies, 85(4), 2042-2096.
Kranton, R. E. (1996). Reciprocal exchange: a self-sustaining system. The American Economic Review, 830-851.
The paper discussed in this episode is “A Penny for your Thoughts", by Walker Hanlon, Stephan Heblich, and Ferdinando Monte, and Martin Schmitz.
Other papers mentioned in this episode are:
Biasi, B., & Moser, P. (2021). Effects of copyrights on science: Evidence from the WWII book republication program. American Economic Journal: Microeconomics, 13(4), 218-60.
Donaldson, D., & Hornbeck, R. (2016). Railroads and American economic growth: A “market access” approach. The Quarterly Journal of Economics, 131(2), 799-858.
Iaria, A., Schwarz, C., & Waldinger, F. (2018). Frontier knowledge and scientific production: evidence from the collapse of international science. The Quarterly Journal of Economics, 133(2), 927-991.
Steinwender, C. (2018). Real effects of information frictions: When the states and the kingdom became united. American Economic Review, 108(3), 657-96.
The paper discussed in this episode is “Making the Invisible Hand Visible: Managers and the Allocation of Workers to Jobs", by Virginia Minni.
Other papers mentioned in this episode are:
Adhvaryu, A., Kala, N., & Nyshadham, A. (2022). Management and shocks to worker productivity. Journal of Political Economy, 130(1), 1-47.
Benson, A., Li, D., & Shue, K. (2019). Promotions and the peter principle. The Quarterly Journal of Economics, 134(4), 2085-2134.
The paper discussed in this episode is “Worker Welfare in the Gig Economy", by Jack Fisher.
Other papers mentioned in this episode are:
Chen, M. K., Rossi, P. E., Chevalier, J. A., & Oehlsen, E. (2019). The value of flexible work: Evidence from Uber drivers. Journal of political economy, 127(6), 2735-2794.
Kolstad, J. T., & Kowalski, A. E. (2016). Mandate-based health reform and the labor market: Evidence from the Massachusetts reform. Journal of health economics, 47, 81-106.
Koustas, D. (2018). Consumption insurance and multiple jobs: Evidence from rideshare drivers. Unpublished working paper.
The paper discussed in this episode is “Administrative Burden and Consolidation in Health Care: Evidence from Medicare Contractor Transitions", by Riley League
Other papers mentioned in this episode are:
Brot-Goldberg, Z., Burn, S., Layton, T., & Vabson, B. (2022). Rationing medicine through bureaucracy: authorization restrictions in medicare. Technical report, Working Paper.
The paper discussed in this episode is “Air Quality, High-Skilled Worker Productivity and Adaptation: Evidence from GitHub", by Beate Thies and Felix Holub.
Other papers mentioned in this episode are:
Adhvaryu, A., Kala, N., & Nyshadham, A. (2022). Management and shocks to worker productivity. Journal of Political Economy, 130(1), 1-47.
Deryugina, T., Heutel, G., Miller, N. H., Molitor, D., & Reif, J. (2019). The mortality and medical costs of air pollution: Evidence from changes in wind direction. American Economic Review, 109(12), 4178-4219.
Kunn, S., Palacios, J., & Pestel, N. (forthcoming). Indoor air quality and strategic decision making. Management Science.
The paper discussed in this episode is “"Technology, Skills, and Performance: The Case of Robots in Surgery", by Elena Ashtari Tafti
The paper discussed in this episode is “Women in Economics. The role of gendered references at entry in the profession”, by Audinga Baltrunaite, Alessandra Casarico and Lucia Rizzica.
The paper discussed in this episode is “Civil Service Exams and Organizational Performance: Evidence from the Pendleton Act”, by Diana Moreira and Santiago Perez. Other papers discussed during this episode include:
Prendergast, C. (2007). The motivation and bias of bureaucrats. American Economic Review, 97(1), 180-196.
The paper discussed in this episode is “Killer Incentives: Rivalry, Performance and Risk-Taking among German Fighter Pilots, 1939–45”, by Philipp Ager, Leonardo Bursztyn, Lukas Leucht, and Hans-Joachim Voth. This paper was published in the Review of Economic Studies in October 2022.
Other papers discussed during this episode include:
Cullen, Z., & Perez-Truglia, R. (2022). How much does your boss make? the effects of salary comparisons. Journal of Political Economy, 130(3), 766-822.
Kuhn, P., Kooreman, P., Soetevent, A., & Kapteyn, A. (2011). The effects of lottery prizes on winners and their neighbors: Evidence from the Dutch postcode lottery. American Economic Review, 101(5), 2226-47.
The paper discussed in this episode is “Sexual Harassment and Gender Inequality in the Labor Market” by Olle Folke and Johanna Rickne, and which was published in the Quarterly Journal of Economics in 2022.
Other papers discussed during this episode include:
Goldin, Claudia. “A Grand Gender Convergence: Its Last Chapter”, American Economic Review, 104 (2014a), 1091–1119.
Mas, Alexandre, and Amanda Pallais, “Valuing Alternative Work Arrangements,” American Economic Review, 107 (2017), 3722—59.
Goldin, C., & Katz, L. F. (2016). A most egalitarian profession: pharmacy and the evolution of a family-friendly occupation. Journal of Labor Economics, 34(3), 705-746.
The paper discussed in this episode is “The Quality and Efficiency of Public and Private Firms: Evidence from Ambulance Services”, by Daniel Knutsson and Björn Tyrefors, and which was published in the Quarterly Journal of Economics in 2022.
Other papers discussed during this episode include:
Hart, O., Shleifer, A., & Vishny, R. W. (1997). The proper scope of government: theory and an application to prisons. The Quarterly Journal of Economics, 112(4), 1127-1161.
Lucchese, E. (2020). It could be worse... it could be raining: Ambulance response time and health outcomes. University of Milan Bicocca Department of Economics, Management and Statistics Working Paper, (429).
Silver, D. (2021). Haste or Waste? Peer pressure and productivity in the emergency department. The Review of Economic Studies, 88(3), 1385-1417.
The paper discussed in this episode is “Managers and Productivity in the Public Sector”, by Alessandra Fenizia, and which was published in Econometrica in 2022.
Other papers discussed during this episode include:
Bertrand, M., & Schoar, A. (2003). Managing with style: The effect of managers on firm policies. The Quarterly Journal of Economics, 118(4), 1169-1208.'
Bandiera, O., Barankay, I., & Rasul, I. (2007). Incentives for managers and inequality among workers: Evidence from a firm-level experiment. The Quarterly Journal of Economics, 122(2), 729-773.
Janke, K., Propper, C., & Sadun, R. (2019). The impact of CEOs in the Public Sector: Evidence from the English NHS (No. w25853). National Bureau of Economic Research.
Lazear, E. P., Shaw, K. L., & Stanton, C. T. (2015). The value of bosses. Journal of Labor Economics, 33(4), 823-861.
Silver, D. (2021). Haste or Waste? Peer pressure and productivity in the emergency department. The Review of Economic Studies, 88(3), 1385-1417.
The paper discussed in this episode is “Talent Hoarding in Organizations”, by Ingrid Haegele.
The paper discussed in this episode is “Reporting Peers’ Wrongdoing: Experimental Evidence on the Effect of Financial Incentives on Morally Controversial Behavior”, by Stefano Fiorin.
Other papers mentioned in this episode are:
Ariely, Dan, Anat Bracha, and Stephan Meier. 2009. “Doing Good or Doing Well? Image Motivation and Monetary Incentives in Behaving Prosocially.” American Economic Review, 99(1): 544–55.
Burde, Dana, and Leigh L. Linden. 2013. "Bringing Education to Afghan Girls: A Randomized Controlled Trial of Village-Based Schools." American Economic Journal: Applied Economics, 5 (3): 27-40.
The paper discussed in this episode is “The Allocation of Authority in Organizations: A Field Experiment with Bureaucrats”, by Oriana Bandiera, Michael Carlos Best, Adnan Qadir Khan, and Andrea Prat, and which was published at the Quarterly Journal of Economics in 2021.
Other papers mentioned in this episode are:
Bandiera, O., Prat, A., & Valletti, T. (2009). Active and passive waste in government spending: evidence from a policy experiment. American Economic Review, 99(4), 1278-1308.
Liebman, J. B., & Mahoney, N. (2017). Do expiring budgets lead to wasteful year-end spending? Evidence from federal procurement. American Economic Review, 107(11), 3510-49.
NATIONAL AUDIT OFFICE. 2006. Assessing the value for money of OGC buying solutions. https://www.nao.org.uk/wp-content/uploads/2006/12/0607103.pdf
The paper discussed in this episode is “On Target? Sanctions and the Economic Interests of Elite Policymakers in Iran”, by Mirko Draca, Jason Garred, Leanne Stickland, and Nele Warrinnier, and which is forthcoming at The Economic Journal.
Other papers mentioned in this episode are:
Snowberg, E., Wolfers, J., & Zitzewitz, E. (2007). Partisan impacts on the economy: evidence from prediction markets and close elections. The Quarterly Journal of Economics, 122(2), 807-829.
The paper discussed in this episode is “Team-Specific Human Capital and Team Performance: Evidence from Doctors”, by Yiqun Chen.
The paper discussed in this episode is “Team Incentives, Social Cohesion, and Performance: A Natural Field Experiment”, by Josse Delfgaauw, Robert Dur, Oke Onemu, and Joeri Sol.
Other papers mentioned in this episode are:
Blanes i Vidal, J., & Nossol, M. (2011). Tournaments without prizes: Evidence from personnel records. Management science, 57(10), 1721-1736.
Carless, S. A., & De Paola, C. (2000). The measurement of cohesion in work teams. Small group research, 31(1), 71-88.
Delfgaauw, J., Dur, R., Sol, J., & Verbeke, W. (2013). Tournament incentives in the field: Gender differences in the workplace. Journal of Labor Economics, 31(2), 305-326.
Dur, R., & Sol, J. (2010). Social interaction, co-worker altruism, and incentives. Games and Economic Behavior, 69(2), 293-301.
The paper discussed in this episode is “The Dynamics and Spillovers of Management Interventions: Evidence from the Training within Industry Program”, by Nicola Bianchi and Michela Giorcelli.
Other papers mentioned in this episode are:
Alfaro-Urena, Alonso, Isabela Manelici, and Jose P. Vasquez. 2019. “The Effects of Multinationals on Workers: Evidence from Costa Rica.” working paper, UC Berkeley.
Bloom, Nicholas, Benn Eifert, Aprajit Mahajan, David McKenzie, and John Roberts. 2013. “Does Management Matter? Evidence from India.” Quarterly Journal of Economics, 128(1): 1–51.
Bruhn, Miriam, Dean Karlan, and Antoinette Schoar. 2010. “What Capital is Missing in Developing Countries?” The American Economic Review: Papers and Proceedings, 100(2): 629–633.
Iacovone, Leonardo, William Maloney, and David J. McKenzie. 2021. “Improving Management with Individual and Group-Based Consulting: Results from a Randomized Experiment in Colombia.” Review of Economic Studies, forthcoming.
McKenzie, David J. and Christopher Woodruff. 2014. “What are we learning from business training and entrepreneurship evaluations around the developing world?” World Bank Research Observer, 29(1): 48–82.
Womack, James, Daniel Jones, and Daniel Roos. 1990. The Machine That Changed the World. New York: Simon and Schuster.
The paper discussed in this episode is “Who Benefits from Online Gig Economy Platforms?”, by Catherine Thomas and Christopher T. Stanton.
Other papers mentioned in this episode are:
Stanton, C. T., & Thomas, C. (2016). Landing the first job: The value of intermediaries in online hiring. The Review of Economic Studies, 83(2), 810-854.
Horton, J. J. (2017). Price floors and employer preferences: Evidence from a minimum wage experiment. Available at SSRN 2898827.
The paper discussed in this episode is “Good Reverberations? Teacher Influence in Music Composition since 1450” by Karol Jan Borowiecki
Other papers mentioned in this episode are:
Manski, C. F. (1993). Identification of endogenous social effects: The reflection problem. The review of economic studies, 60(3), 531-542.
The paper discussed in this episode is “Measuring the Welfare Effects of Shame and Pride,” by Luigi Butera, Rob Metcalfe, William Morrison, and Dmitry Taubinsky.
The paper discussed in this episode is “It could be worse...it could be raining: Ambulance response time and health outcomes”, by Elena Lucchese
Other papers mentioned in this episode are:
Avdic, D. (2016). Improving efficiency or impairing access? Health care consolidation and quality of care: Evidence from emergency hospital closures in Sweden. Journal of Health Economics, 48:44-60.
Doyle, J. J., Graves, J. A., Gruber, J., and Kleiner, S. A. (2015). Measuring returns to hospital care: Evidence from ambulance referral patterns. Journal of Political Economy, 123(1):170-214.
Finkelstein, A., Gentzkow, M., and Williams, H. (2016). Sources of geographic variation in health care: Evidence from patient migration. The Quarterly Journal of Economics, 131(4):1681-1726.
Murphy, K. M. and Topel, R. H. (2006). The value of health and longevity. Journal of Political Economy, 114(5):871-904.
The paper discussed in this episode is “Face-to-Face Communications in Organisations”, by Diego Battiston, Jordi Blanes i Vidal, and Tom Kirchmaier.
Other papers mentioned in this episode are:
Blanes i Vidal, J., & Kirchmaier, T. (2018). The effect of police response time on crime clearance rates. The Review of Economic Studies, 85(2), 855-891.
Bolton, P., & Dewatripont, M. (1994). The firm as a communication network. The Quarterly Journal of Economics, 109(4), 809-839.
Garicano, L. (2000). Hierarchies and the Organization of Knowledge in Production. Journal of Political Economy, 108(5), 874-904.
Van Zandt, T. (1999). Real-time decentralized information processing as a model of organizations with boundedly rational agents. The Review of Economic Studies, 66(3), 633-658.
The paper discussed in this episode is “Workplace Incentives and Organizational Learning”, by Francesco Amodio and Miguel A. Martinez-Carrasco.
Other papers mentioned in this episode are:
Amodio, F., & Martinez-Carrasco, M. A. (2018). Input allocation, workforce management and productivity spillovers: Evidence from personnel data. The Review of Economic Studies, 85(4), 1937-1970.
Chan, T. Y., Li, J., & Pierce, L. (2014). Learning from peers: Knowledge transfer and sales force productivity growth. Marketing Science, 33(4), 463-484.
Conley, T. G., & Udry, C. R. (2010). Learning about a new technology: Pineapple in Ghana. American economic review, 100(1), 35-69.
Manski, C. F. (1993). Identification of endogenous social effects: The reflection problem. The review of economic studies, 60(3), 531-542.
Sandvik, J. J., Saouma, R. E., Seegert, N. T., & Stanton, C. T. (2020). Workplace knowledge flows. The Quarterly Journal of Economics, 135(3), 1635-1680.
The paper discussed in this episode is “Creative Construction: Knowledge Sharing in Production Networks”, by Evgenii Fadeev.
Other papers mentioned in this episode are:
Arrow, K. (1962). Economic Welfare and the Allocation of Resources for Invention. in R. Nelson, eds., The Rate and Direction of Inventive Activity. Princeton University Press, Princeton, NJ, (pp. 609–625).
Autor, D. H., Dorn, D., & Hanson, G. H. (2013). The China Syndrome: Local Labor Market Effects of Import Competition in the United States. American Economic Review, 103(6), 2121–2168.
Lim, K. (2009). The Many Faces of Absorptive Capacity: Spillovers of Copper Interconnect Technology for Semiconductor Chips. Industrial and Corporate Change, 18(6), 1249–1284.
The paper discussed in this episode is “Building Loyalty through Personal Connections: Evidence from the Spanish Empire”, by Marcos Salgado.
Other papers mentioned in this episode are:
Fracassi, C., & Tate, G. (2012). External Networking and Internal Firm Governance. The Journal of Finance, 67(1), 153-194.
Xu, G. (2018). The Costs of Patronage: Evidence from the British empire. American Economic Review, 108(11), 3170-98.
The paper discussed in this episode is "Simple Actions, Complex Habits: Lessons from Hospital Hand Hygiene”, by Alex Wellsjo.
Other papers mentioned in this episode are:
Dai, H., Milkman, K. L., Hofmann, D. A., & Staats, B. R. (2015). The impact of time at work and time off from work on rule compliance: the case of hand hygiene in health care. Journal of Applied Psychology, 100(3), 846.
Holmstrom, B., & Milgrom, P. (1991). Multitask principal-agent analyses: Incentive contracts, asset ownership, and job design. JL Econ. & Org., 7, 24.
The paper discussed in this episode is "Daddy's girl: Daughters, managerial decisions, and gender inequality", by Maddalena Ronchi and Nina Smith.
Other papers mentioned in this episode are:
Warner, Rebecca L, “Does the sex of your children matter? Support for feminism among
women and men in the United States and Canada,” Journal of Marriage and the Family,
1991, pp. 1051–1056.
Washington, Ebonya L, “Female socialization: how daughters affect their legislator fathers’
voting on women’s issues,” The American Economic Review, 2008, 98 (1), 311–332.
The paper discussed in this episode is “Defying Distance? The Provision of Services in the Digital Age”, by Amanda Dahlstrand.
Other papers mentioned in this episode are:
Chen, Y., Persson, P., & Polyakova, M. (2019). The roots of health inequality and the value of intra-family expertise (No. w25618). National Bureau of Economic Research.
Graham, B. S., Imbens, G. W., & Ridder, G. (2020). Identification and efficiency bounds for the average match function under conditionally exogenous matching. Journal of Business & Economic Statistics, 38(2), 303-316.
Kleinberg, J., Lakkaraju, H., Leskovec, J., Ludwig, J., & Mullainathan, S. (2018). Human decisions and machine predictions. The Quarterly Journal of Economics, 133(1), 237-293.
Other papers mentioned in this episode are:
Lerner, J., & Malmendier, U. (2013). With a little help from my (random) friends: Success and failure in post-business school entrepreneurship. The Review of Financial Studies, 26(10), 2411-2452.
Nanda, R., & Sørensen, J. B. (2010). Workplace peers and entrepreneurship. Management Science, 56(7), 1116-1126.
The paper discussed in this episode is “Texting to Save Lives: Evidence from Cardiovascular Treatment Reform in Mexico”, by Ari Bronsoler.
Other papers mentioned in this episode are:
Deshpande, M., & Li, Y. (2019). Who is screened out? Application costs and the targeting of disability programs. American Economic Journal: Economic Policy, 11(4), 213-48.
Garicano, L. (2000). Hierarchies and the Organization of Knowledge in Production. Journal of Political Economy, 108(5), 874-904.
The paper discussed in this episode is “Religious Divisions and Production Technology: Experimental Evidence from India”, by Arkadev Ghosh
Other papers mentioned in this episode are:
Afridi, F., A. Dhillon, S. X. Li, and S. Sharma (2020). Using social connections and financial incentives to solve coordination failure: A quasi-field experiment in India’s manufacturing sector. Journal of Development Economics 144, 102445.
Hjort, J. (2014). Ethnic divisions and production in firms. The Quarterly Journal of Economics, 129(4), 1899-1946.
The paper discussed in this episode is “Why Working from Home Will Stick”, by Jose Maria Barrero, Nicholas Bloom & Steven J. Davis.
Other papers mentioned in this episode are:
Autor, D. H., Levy, F., & Murnane, R. J. (2003). The skill content of recent technological change: An empirical exploration. The Quarterly Journal of Economics, 118(4), 1279-1333.
Bloom, N., Liang, J., Roberts, J., & Ying, Z. J. (2015). Does working from home work? Evidence from a Chinese experiment. The Quarterly Journal of Economics, 130(1), 165-218.
Mas, A., & Pallais, A. (2017). Valuing alternative work arrangements. American Economic Review, 107(12), 3722-59.
Puga, D. (2010). The magnitude and causes of agglomeration economies. Journal of Regional Science, 50(1), 203-219.
The paper discussed in this episode is “Haste or Waste? Peer Pressure and Productivity in the Emergency Department”, by David Silver.
Other resources mentioned in this episode are:
The Dartmouth Atlas of Health Care
Chan, D. C. (2016). Teamwork and moral hazard: evidence from the emergency department. Journal of Political Economy, 124(3), 734-770.
Chan, D. C. (2018). The efficiency of slacking off: Evidence from the emergency department. Econometrica, 86(3), 997-1030.
Other papers discussed in this episode are:
Januszewski Forbes, S., & Lederman, M. (2009). Adaptation and vertical integration in the airline industry. American Economic Review, 99(5), 1831-49.
Other papers discussed in this episode are:
Battiston, Diego, Jordi Blanes i Vidal, and Tom Kirchmaier (2020). Face-to-Face Communication in Organisations. Review of Economic Studies, forthcoming.
Caliendo, Lorenzo, Ferdinando Monte, and Esteban Rossi-Hansberg (2015). The Anatomy of French Production Hierarchies. The Journal of Political Economy 123(4), 809-852.
Garicano, L. (2000). Hierarchies and the Organization of Knowledge in Production. Journal of Political Economy, 108(5), 874-904.
Giroud, Xavier and Holger M. Mueller (2019). Firms' Internal Networks and Local Economic Shocks. American Economic Review 109(10), 3617-49.
The paper discussed in this episode is Management and Shocks to Worker Productivity, by Achyuta Adhvaryu, Namrata Kala, and Anant Nyshadham.
The papers discussed in this episode are: “The Vote is Cast: The Effect of Corporate Governance on Shareholder Value”, and “Price and Probability: Decomposing the Takeover Effects of Anti-Takeover Provisions”, by Vicente Cuñat, Mireia Giné, and Maria Guadalupe. Other papers discussed in this episode are:
Angrist, J. D., & Rokkanen, M. (2015). Wanna get away? Regression discontinuity estimation of exam school effects away from the cutoff. Journal of the American Statistical Association, 110(512), 1331-1344.
Gompers, P., Ishii, J., & Metrick, A. (2003). Corporate Governance and Equity Prices. The Quarterly Journal of Cconomics, 118(1), 107-156.
Lee, D. S. (2009). Training, wages, and sample selection: Estimating sharp bounds on treatment effects. The Review of Economic Studies, 76(3), 1071-1102.
The paper discussed in this episode is: “Patronage and Selection in Public Sector Organizations”, by Emanuele Colonnelli, Mounu Prem, and Edoardo Teso. Other papers discussed in this episode are:
Akhtari, Mitra, Diana Moreira, and Laura Trucco. 2017. “Political Turnover, Bureaucratic Turnover,
and the Quality of Public Services.” forthcoming, American Economic Review
The paper discussed in this episode is: “Do CEOs Matter? Evidence from Hospitalization Events”, by Morten Bennedsen, Francisco Pérez-González, and Daniel Wolfenzon.
Other papers discussed in this episode are:
Bertrand, M., & Schoar, A. (2003). Managing with style: The effect of managers on firm policies. The Quarterly journal of economics, 118(4), 1169-1208.
Johnson, W. B., Magee, R. P., Nagarajan, N. J., & Newman, H. A. (1985). An analysis of the stock price reaction to sudden executive deaths: Implications for the managerial labor market. Journal of Accounting and Economics, 7(1-3), 151-174.
The paper discussed in this episode is: “Improving Management with Individual and Group-Based Consulting: Results from a Randomized Experiment in Colombia”, by Leonardo Iacovone, William Maloney, and David McKenzie.
Other papers discussed in this episode are:
Bloom, Nicholas, and John Van Reenen (2007). "Measuring and Explaining Management Practices across Firms and Countries" Quarterly Journal of Economics, 122(4), 1341- 1408.
Bloom, Nicholas, Benn Eifert, Aprajit Mahajan, David McKenzie, and John Roberts (2013). "Does Management Matter? Evidence from India" Quarterly Journal of Economics, 128(1), 1-51
McKenzie, David and Christopher Woodruff (2014) “What are we learning from business training evaluations around the developing world?”, World Bank Research Observer, 29(1): 48-82
The paper discussed in this episode is: “The Effects of Joining Multinational Supply Chains: New Evidence from Firm-to-Firm Linkages”, by Alonso Alfaro-Ureña, Isabela Manelici, and Jose Pablo Vasquez Carvajal.
Other papers discussed in this episode are:
Bernard, A. B., Dhyne, E., Magerman, G., Manova, K., & Moxnes, A. (2019). The origins of firm heterogeneity: A production network approach (No. w25441). National Bureau of Economic Research.
Smarzynska Javorcik, B. (2004). Does foreign direct investment increase the productivity of domestic firms? In search of spillovers through backward linkages. American economic review, 94(3), 605-627.
Woodruff, C. (2018). Addressing constraints to small and growing businesses. International Growth Centre, London.
The paper discussed in this episode is: “Competition and Incentives in Mortgage Markets: The Role of Brokers”, by Claudia Robles-Garcia.
The paper discussed in this episode is: “The Effect of Incentives in Non-Routine Analytical Team Tasks - Evidence from a Field Experiment”, by Florian Englmaier, Stefan Grimm, David Schindler, and Simeon Schudy.
Other papers referenced in this episode are:
Autor, D. H., Levy, F., & Murnane, R. J. (2003). The skill content of recent technological change: An empirical exploration. The Quarterly journal of economics, 118(4), 1279-1333.
Bandiera, O., Barankay, I., & Rasul, I. (2005). Social preferences and the response to incentives: Evidence from personnel data. The Quarterly Journal of Economics, 120(3), 917-962.
Duncker, K., & Lees, L. S. (1945). On problem-solving. Psychological monographs, 58(5), i.
Lazear, E. P. (2000). Performance pay and productivity. American Economic Review, 90(5), 1346-1361.
List, J. A., Shaikh, A. M., & Xu, Y. (2019). Multiple hypothesis testing in experimental economics. Experimental Economics, 22(4), 773-793.
Pink, D. H. (2011). Drive: The surprising truth about what motivates us. Riverhead Books, New York
Shearer, B. (2004). Piece rates, fixed wages and incentives: Evidence from a field experiment. The Review of Economic Studies, 71(2), 513-534.
The paper discussed in this episode is: “The Old Boys’ Club: Schmoozing and the Gender Gap”, by Zoë B. Cullen and Ricardo Perez-Truglia.
Other papers referenced in this episode are:
Bronson, M. A. and P. S. Thoursie (2019). The Wage Growth and Within-Firm Mobility of Men and Women: New Evidence and Theory. Working Paper.
Kleven, H., Landais, C., & Søgaard, J. E. (2019). Children and gender inequality: Evidence from Denmark. American Economic Journal: Applied Economics, 11(4), 181-209.
The papers discussed in this episode are: “Measuring Collaboration in Modern Organizations” and "Communication within Firms: Evidence from CEO Turnovers”, by Stephen Michael Impink, Andrea Prat, and Raffaella Sadun.
Other papers referenced in this episode are:
Alonso, R., Dessein, W., & Matouschek, N. (2008). When does coordination require centralization?. American Economic Review, 98(1), 145-79.
Alonso, R., Dessein, W., & Matouschek, N. (2015). Organizing to adapt and compete. American Economic Journal: Microeconomics, 7(2), 158-87.
Arrow, K. J. (1974). The limits of organization. WW Norton & Company.
Bandiera, O., Prat, A., Hansen, S., & Sadun, R. (2020). CEO behavior and firm performance. Journal of Political Economy, 128(4), 1325-1369.
Cremer, J., Garicano, L., & Prat, A. (2007). Language and the Theory of the Firm. The Quarterly Journal of Economics, 122(1), 373-407.
Hoffman, M., & Tadelis, S. (2021). People management skills, employee attrition, and manager rewards: An empirical analysis
Lazear, E. P., Shaw, K. L., & Stanton, C. T. (2015). The value of bosses. Journal of Labor Economics, 33(4), 823-861.
Radner, R. (1993). The organization of decentralized information processing. Econometrica: Journal of the Econometric Society, 1109-1146.
The paper discussed in this episode is: “The Impact of Management Practices on Employee Productivity: A Field Experiment with Airline Captains”, by Greer K. Gosnell, John A. List, and Robert D. Metcalfe
Other papers referenced in this episode are:
Bloom, N., and J. Van Reenen. 2007. “Measuring and Explaining Management
Practices across Firms and Countries.” Q.J.E. 122 (4): 1351–408.
Bloom, N., B. Eifert, A. Mahajan, D. McKenzie, and J. Roberts. 2013. “Does Management Matter? Evidence from India.” Q.J.E. 128 (1): 1–51.
Bruhn, M., D. Karlan, and A. Schoar. 2018. “The Impact of Consulting Services on Small and Medium Enterprises: Evidence from a Randomized Trial in Mexico.” J.P.E. 126 (2): 635–87
Ellingsen, T., and M. Johannesson. 2008. “Pride and Prejudice: The Human Side
of Incentive Theory.” A.E.R. 98 (3): 990–1008.
Falk, A., and M. Kosfeld. 2006. “The Hidden Costs of Control.” A.E.R. 96 (5):
1611–30
Friebel, G., Heinz, M., & Zubanov, N. (2021). Middle Managers, Personnel Turnover, and Performance: A Long‐Term Field Experiment in a Retail Chain. Management Science.
Shaw, K. 2009. “Insider Econometrics: A Roadmap with Stops along the Way.” Labour Econ. 16 (6): 607–17.
The paper discussed in this episode is: “The Impact of Management Practices on Employee Productivity: A Field Experiment with Airline Captains”, by Greer K. Gosnell, John A. List, and Robert D. Metcalfe
Other papers referenced in this episode are:
Bloom, N., and J. Van Reenen. 2007. “Measuring and Explaining Management
Practices across Firms and Countries.” Q.J.E. 122 (4): 1351–408.
Bloom, N., B. Eifert, A. Mahajan, D. McKenzie, and J. Roberts. 2013. “Does Management Matter? Evidence from India.” Q.J.E. 128 (1): 1–51.
Bruhn, M., D. Karlan, and A. Schoar. 2018. “The Impact of Consulting Services on Small and Medium Enterprises: Evidence from a Randomized Trial in Mexico.” J.P.E. 126 (2): 635–87
Ellingsen, T., and M. Johannesson. 2008. “Pride and Prejudice: The Human Side
of Incentive Theory.” A.E.R. 98 (3): 990–1008.
Falk, A., and M. Kosfeld. 2006. “The Hidden Costs of Control.” A.E.R. 96 (5):
1611–30
Friebel, G., Heinz, M., & Zubanov, N. (2021). Middle Managers, Personnel Turnover, and Performance: A Long‐Term Field Experiment in a Retail Chain. Management Science.
Shaw, K. 2009. “Insider Econometrics: A Roadmap with Stops along the Way.” Labour Econ. 16 (6): 607–17.
The paper discussed in this episode is: “Supervisors and Performance Management Systems”, by Anders Frederiksen, Lisa B. Kahn, and Fabian Lange.
Other papers referenced in this episode are:
Guilford, J. P. 1954. “Psychometric Methods.” New York: McGraw-Hill.
The paper discussed in this episode is: "Trust and Innovation within the Firm: Evidence from Matched CEO-Firm Data" by Kieu-Trang Nguyen.
Other papers referenced in this episode are:
Aghion, Philippe and Jean Tirole, “Formal and Real Authority in Organizations,” Journal of Political Economy, 1997, 105 (1), 1–29. 4, 30
Kogan, Leonid, Dimitris Papanikolaou, Amit Seru, and Noah Stoffman, “Technological Innovation, Resource Allocation, and Growth,” The Quarterly Journal of Economics, 2017, 132 (2), 665–712. 19, 33, 34, 77, 78
Niederle, Muriel, and Lise Vesterlund. "Do Women Shy Away From Competition? Do Men Compete Too Much?." The Quarterly Journal of Economics 122, no. 3 (2007): 1067-1101.
The paper discussed in this episode is: Vertical Integration, Supplier Behavior, and Quality Upgrading among Exporters, by Christopher Hansman, Jonas Hjort, Gianmarco León-Ciliotta, and Matthieu Teachout.
Other papers referenced in this episode are:
Coase, Ronald Harry. "The nature of the firm." Essential readings in economics. Palgrave, London, 1995. 37-54.
Verhoogen, Eric. "Firm-Level Upgrading in Developing Countries.” CDEP-CGEG Working Paper no. 83, March 2020. Under revision for the Journal of Economic Literature.
Holmstrom, B., & Milgrom, P. (1991). Multitask principal-agent analyses: Incentive contracts, asset ownership, and job design. JL Econ. & Org., 7, 24.
The paper discussed in this episode is: Workplace Knowledge Flows, by Jason J Sandvik, Richard E Saouma, Nathan T Seegert, and Christopher T Stanton.
Other papers referenced in this episode are:
Bloom, Nicholas, Raffaella Sadun, and John Van Reenen, “Management as a Technology?,” NBER Working Paper No. 22327, 2016.
Carrell, Scott E., Bruce I. Sacerdote, and James E. West, “From Natural Variation to Optimal Policy? The Importance of Endogenous Peer Group Formation,” Econometrica, 81 (2013), 855–882.
Lazear, Edward P., “Performance Pay and Productivity,” American Economic Review, 90 (2000), 1346–1361.
Lyle, David S., and John Z. Smith, “The Effect of High-Performing Mentors on Junior Officer Promotion in the US Army,” Journal of Labor Economics, 32 (2014), 229–258.
The paper discussed in this episode is: Persistent Overconfidence and Biased Memory: Evidence from Managers, by David Huffman, Collin Raymond, and Julia Shvets.
Other papers referenced in this episode are:
Bénabou, Roland, and Jean Tirole, “Self-confidence and personal motivation,” The Quarterly Journal of Economics, 2002, 117 (3), 871–915.
Benoît, Jean-Pierre and Juan Dubra, “Apparent overconfidence,” Econometrica, 2011, 79 (5), 1591–1625.
Benoît, Jean-Pierre, Juan Dubra, and Don A Moore, “Does the better-than-average effect show that people are overconfident?: Two experiments,” Journal of the European Economic Association, 2015, 13 (2), 293–329.
Burks, Stephen V, Jeffrey P Carpenter, Lorenz Goette, and Aldo Rustichini, “Overconfidence and social signalling,” Review of Economic Studies, 2013, 80 (3), 949–983.
The paper discussed in this episode is: Killer Acquisitions, by Colleen Cunningham, Florian Ederer, and Song Ma.
Other papers referenced in this episode are:
Lemley, Mark A. and Carl Shapiro, “Probabilistic Patents,” Journal of Economic Perspectives, 2005, 19 (2), 75–98.
Shapiro, Carl, “Antitrust Limits to Patent Settlements,” RAND Journal of Economics, 2003, pp. 391–411.
Wollmann, Thomas G, “Stealth Consolidation: Evidence from an Amendment to the Hart-Scott-Rodino Act,” American Economic Review: Insights, 2019, 1 (1), 77–94.