When Booms Go Bust
The housing market is finally on the upswing. Will it last?Based on the research of A. Craig Burnside
,
Martin Eichenbaum
And
Sergio Rebelo
The housing market is finally on the upswing. Will it last?: What if optimism about the housing market could spread from one confident person to another? New research suggests social transmission could offer an explanation for the boom–bust housing cycle.
Teaming Up to Cash In
How does competition work in the venture capital industry?Based on the research of Yael Hochberg
,
Michael J. Mazzeo
And
Ryan McDevitt
How does competition work in the venture capital industry?: Yael Hochberg and Michael Mazzeo measured how cooperation among venture capital firms affects competition and profits. They uncovered a remarkable departure from the traditional pattern of market competition: the first competitor does not affect a firm nearly so much as later ones.
Who Wants to Be First Mate On a Sinking Ship?
Companies in financial distress have trouble attracting the talent they need to right themselvesBased on the research of Jennifer Brown
And
David A. Matsa
Companies in financial distress have trouble attracting the talent they need to right themselves: For the first time, the “sinking ship” effect, in which floundering firms fail to attract necessary human capital, is empirically investigated. Jennifer Brown and David Matsa scour data from a large job-search website to find that, as a firm’s financial health decreases, so do the number and quality of its job applicants.
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