From Bloomberg News There are growing concerns that the regulatory bodies overseeing the financial sector are incapable of understanding, preventing or even properly investigating excessive risk taking that threatens to ruin the economy. This issue was raised before the 2008 financial crisis and received more attention during the debate that led to the 2010 Dodd-Frank [...]
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Christopher Knittel: Reduce fuel consumption–raise the gas tax
May 23, 2012 – 10:20 am
My latest paper* looks at the various ways in which we could reduce petroleum consumption in the U.S. The paper looks at the most prominent policies aimed at that end: providing more federal subsidies for hybrid and electric cars, compelling car manufacturers to increase the fuel economy of new vehicles coming off the assembly line, [...]
Jason Davis offers insights into how startups can effectively enter foreign markets
May 16, 2012 – 10:40 am
It used to be that a startup’s biggest goal was simply to survive. It was supposed to wait until it grew big and successful in its own country, and then expand into new international markets. This is no longer the case. Of course every startup wants to survive, that hasn’t changed. But the technology boom [...]
Xavier Giroud: “Location, location, location” applies within companies too
May 11, 2012 – 10:02 am
According to my latest research,* companies invest more in plants located closer to headquarters and those plants tend to be more productive. Combining plant-level data with airline data in the U.S. from 1977-2005, I analyzed how the launch of new airline routes affected plant investment and productivity. I found that a new direct route from [...]
MIT Sloan Fellows host a fine art auction this week featuring 30 world-renowned artists
May 7, 2012 – 11:02 am
The stigma around business school is that it only teaches you how to make money for personal gain; that everyone who gets an MBA is greedy and power-hungry. That’s not been my experience at the MIT Sloan School of Management, where I am a student in the Sloan Fellows Program in Innovation and Global Leadership, [...]
