The Visible Hand

By Jordi Blanes i VidalEducation

The Visible Hand episodes

March 16, 2021 Episode 8: Barbara Biasi on Wage Bargaining and the Gender Gap
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.
48 min
March 08, 2021 Episode 7: Robert Metcalfe on Management Practices and Productivity
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.
50 min
March 04, 2021 Episode 6: Fabian Lange on Supervisors and Performance Reviews
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.
47 min
February 21, 2021 Episode 5: Kieu-Trang Nguyen on How Trust Increases Innovation in Firms
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.
47 min
February 09, 2021 Episode 4: Gianmarco León-Ciliotta on Integrating Vertically to Increase Quality
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.
49 min
January 30, 2021 Episode 3: Chris Stanton on Learning From Your Colleagues
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.
44 min
January 25, 2021 Episode 2: Julia Shvets on Overconfident Managers
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.
35 min
January 18, 2021 Episode 1: Florian Ederer on Killer Acquisitions
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.
49 min