Predicting Startup Survival: The Antecedents and Consequences of a Balanced “Burn Rate”

Working Papers

How much to spend is a key managerial decision for entrepreneurs. Arguments favoring lean startups rely on the burden of rapid growth, reduced monitoring costs or the ineffcient use of cash. Arguments favoring high “burn rates” rely on the early creation of economies of scale and complementary assets; and the motivation benefits of efficiency wages and experimentation.Read More

The Demand for One-to-One Customization on the Internet: Evidence from the Retail PC Hardware Industry

Working Papers

We study the demand for one-to-one customization in the computer hardware industry. Using household browsing, transaction, and demographic data from the comScore database, we uncover evidence that geographically isolated households that are technologically savvy are more likely to buy and customize computer hardware online.Read More

Do Local Production Subsidies Spur New Innovation Hubs?

Funded Research Proposal

The extent to which local incentive policies (such as subsidies and tax credits) are effective at spurring new centers of innovation, and whether these incentives induce overall productivity growth or just a shift of production from one region to another, is the subject of this proposal.Read More