Assistant Prof of Strategy & Business Econ @ Johnson School, Cornell U. Interested in Market Design, Digital Econ, Labor, Personnel, Organization & Innovation.
In “Selling Synergies” independent sellers of complimentary products rush to the market. The leader sets an exclusionary high price, nudging the follower towards the mass market, decoupling their strategies.A preemption race with endogenous prizes ensues: https://t.co/AayP66S3NU
Great piece by Tyler Smith at the AEA about our AEJ Microeconomics paper "The Organization of Innovation: Incomplete Contracts and the Outsourcing Decision" detailing how successful firms avoid self-cannibalization by maintaining control over their R&D: https://t.co/GDa7s9RpkY
My new paper "Better Applications, Worse Matching: Artificial Intelligence and Talent Allocation" aims to separate the AI effects of screening and productivity, posing the question when AI improves aggregate labor market output (https://t.co/AayP66S3NU).
My new paper "The Disruption of Attention Platforms by Generative AI," (https://t.co/AayP66S3NU) with Chenyang Li, Xun Wu and Fei Xiao, argues that more supply is not always beneficial for platforms. In fact, AI-generated content can overwhelm human attention quality discovery.
Given the upcoming 10th anniversary of my PhD, I thought it is about time to finally write my first single-authored paper after my job market paper. It was actually a fun process, although got easier due to tools like https://t.co/DahGVXGey2.
In “Selling Synergies” independent sellers of complimentary products rush to the market. The leader sets an exclusionary high price, nudging the follower towards the mass market, decoupling their strategies.A preemption race with endogenous prizes ensues: https://t.co/AayP66S3NU
Major search platforms may strategically obfuscate search results — placing certain items in prime positions on their sites, for example — to increase profits, a study from the @Cornell SC Johnson College of Business finds. @tjungbau@OUPAcademic https://t.co/DcEXi8jtJK
The Cornell Chronicle published a niece piece "Search platforms rewrite the rules of online shopping" (https://t.co/jtizFbvWC6) on "Search Platforms: Big Data and Sponsored Positions" (joint with Maarten Janssen, Marcel Preuss and @Cole_R_Williams) in the Economic Journal.
Just accepted at The Economic Journal: Search Platforms: Big Data and Sponsored Positions (with Maarten C.W. Janssen, Marcel Preuss and @Cole_R_Williams): https://t.co/vEzrNvSInz.
Check out "Optimally Informative Rankings and Consumer Search" (w M Janssen, M Preuss & @Cole_R_Williams) investigating how much of their vast information platforms convey through their product rankings. Summary here: https://t.co/ud48O722KU, paper here: https://t.co/23whC5urS7.
Check out "Education Signaling and Employer Learning Heterogeneity" (w Y Chen and M Waldman) providing a novel explanation why some high ability types choose low education levels. Click here for a summary: https://t.co/fer4ecCR9Z, and here for the paper: https://t.co/Q1YLzQsGlA.
Happy to see "Actions and Signals" (https://t.co/qP71oFFttR) with Mike Waldman in JET. The gist: Signaling is not Signaling. When a signal depends on an unobservable action AND the sender's unobservable type, equilibrium behavior may differ significantly from standard models.
Forthcoming in AEJ: Microeconomics: "The Organization of Innovation: Incomplete Contracts and the Outsourcing Decision" by Thomas Jungbauer, Sean Nicholson, June Pan, Michael Waldman, and Lucy Xiaolu Wang. https://t.co/LZM6rE4yzI
Check out my new paper "Strategic Referrals among Experts" (joint w Yi Chen & Mark Satterthwaite). We introduce a dynamic model to study the consequences of referral behavior among specialized experts with reputational concerns. Find the paper here: https://t.co/AayP66SBDs.
Check out "Poaching, Raids, and Managerial Compensation," joint work with Yi Chen, @fabianodalri and @danielascur. We introduce a model of managerial poaching in which firms poach managers not only for their skills but for personnel-specific information: https://t.co/Q1YLzQsGlA