Information Sharing in Common Agency: When is Transparency Good? ∗ (2008)
Norbert Maier, Marco Ottaviani, Wouter Dessein, David Dranove, Renato Gomes, Denis Gromb, ...
When should principals dealing with a common agent share their individual performance measures about the agent’s unobservable effort for producing a public good? In a model with two principals who...
Endogenous Games and Mechanisms: Side Payments Among Players (2007)
Matthew O. Jackson, Simon Wilkie, Nolan Miller, Hakan Orbay, Mike Peters, Roger Lagunoff
We characterize the outcomes of games when players may make binding offers of strategy-contingent side payments before the game is played. This does not always lead to efficient outcomes, despite...
Provider Choice of Quality and Surplus (2006)
Nolan Miller, Karen Eggleston, Richard Zeckhauser
We study the quality choices of institutional health-care providers, such as hospitals, assuming that the utility function of the key organizational decision maker includes both quality of care and...
Provider Choice of Quality and Surplus (2006)
Nolan Miller, Karen Eggleston, Richard Zeckhauser
We study the quality choices of institutional health-care providers, such as hospitals, as-suming that the utility function of the key organizational decision maker includes both quality of care and...
Karen Eggleston, Nolan Miller, Richard Zeckhauser
In a theoretical model, we study how for-proÞt, nonproÞt, and public providers respond to a prospective payment system (similar to the DRG system used by Medicare in the United States) in a static...
Eliciting Informative Feedback: The Peer-Prediction Method (2005)
Nolan Miller, Paul Resnick, Richard Zeckhauser
informs ® doi 10.1287/mnsc.1050.0379
Daniel Hojman, Adam Szeidl, Sanjeev Goyal, Kenneth Judd, Larry Katz, Markus Mobius, ...
Many economic and social networks share two common organizing features: (1) a core-periphery structure; (2) positive correlation between network centrality and payo¤s. In this paper, we build a...
Eliciting Informative Feedback: The Peer-Prediction Method (2005)
Nolan Miller, Paul Resnick, Richard Zeckhauser
Many recommendation and decision processes depend on eliciting evaluations of opportunities, products, and vendors. A scoring system is devised that induces honest reporting of feedback. Each rater...
Eliciting Informative Feedback: The Peer-Prediction Method (2005)
Nolan Miller, Paul Resnick, Richard Zeckhauser
Many recommendation and decision processes depend on eliciting evaluations of opportu-nities, products, and vendors. A scoring system is devised that induces honest reporting of feedback. Each rater...
Advertising budgets in competitive environments
Firms can approach advertising competition either by setting advertising budgets (as in the percentage of sales method) or target sales levels (as in the objective and task approach). We study...
Relative performance as a strategic commitment mechanism
Can managers' personality traits be of use to profit maximizing firm owners? We investigate the case where managers have a variety of attitudes toward relative performance that are indexed by their...
The Effects of Environmental Regulation on Technology Diffusion: The Case of Chlorine Manufacturing
Lori Snyder, Nolan Miller, Robert Stavins
We use a hazard model to estimate the effect of environmental regulation on the diffusion of membrane cell production technology in the chlorine manufacturing industry. We estimate the effect of...
The Effects of Environmental Regulation On Technology Diffusion: The Case of Chlorine Manufacturing
Stavins, Robert, Snyder, Lori, Miller, Nolan
We use a hazard model to estimate the effect of environmental regulation on the diffusion of membrane cell production technology in the chlorine manufacturing industry. We estimate the effect of...
Provider choice of quality and surplus
Nolan Miller, Karen Eggleston, Richard Zeckhauser
We study the quality choices of institutional health-care providers, such as hospitals, assuming that the utility function of the key organizational decision maker includes both quality of care and...
Provider Choice of Quality and Surplus
Karen Eggleston, Nolan Miller, Richard Zeckhauser
We study the quality choices of institutional health-care providers, such as hospitals, assuming that the utility function of the key organizational decision-maker includes both quality of care and...
Miller, Nolan, Piankov, Nikita, Zeckhauser, Richard
A seller faces a buyer with unknown reservation value. We show that buyer risk aversion can make it in the seller's interest to haggle. That is, the seller should make an initial offer and then, if...
Budget or Target: The Choice Between Input and Output Strategies
In many competitive environments, players need to commit either to a specific desired goal they will reach at any cost or to the resources they are willing to spend in pursuit of their goal. We model...
Eliciting Honest Feedback in Electronic Markets
Miller, Nolan, Resnick, Paul, Zeckhauser, Richard
Recommender and reputation systems seek to inform potential customers by securing current consumers' feedback about products and sellers. This paper proposes a payment-based system to induce honest...
Strategic Trade and Delegated Competition
Strategic trade theory has been criticized on the grounds that its predictions are overly sensitive to modeling assumptions. For example, Eaton and Grossman (1986) show that Brander and Spencer's...
The Effects of Environmental Regulation on Technology Diffusion: The Case of Chlorine Manufacturing
Snyder, Lori, Miller, Nolan, Stavins, Robert
We use a hazard model to estimate the effect of environmental regulation on the diffusion of membrane cell production technology in the chlorine manufacturing industry. We estimate the effect of...
Efficient Design with Multidimensional, Continuous Types, and Interdependent Valuations
Johnson, Scott, Miller, Nolan, Pratt, John W., Zeckhauser, Richard
We consider mechanism design in social choice problems in which agents’ types are continuous, multidimensional, and mutually payoff-relevant, and there are three or more agents. If the center...
Market Structure, Commitment, and Treatment Incentives in Health Care
People are more distrustful of managed care organizations (MCOs) than traditional health plans, a phenomenon that has become known as "managed-care backlash." In a model of the relationship between a...
Health Benefits and Wages: Minimizing Total Compensation Cost
This paper studies the role of health benefits in an employer's compensation strategy, given the overall goal of minimizing the total compensation expense (wages plus health-insurance cost) for a...
Mechanism Design with Multidimensional, Continuous Types and Interdependent Valuations
Miller, Nolan, Pratt, John H., Zeckhauser, Richard, Johnson, Scott
We consider the mechanism design problem when agents' types are multidimensional and continuous, and their valuations are interdependent. If there are at least three agents whose types satisfy a weak...
Giffen Behavior: Theory and Evidence
This paper provides the first rigorous, empirical evidence of the existence of Giffen behavior, i.e., a situation in which consumers respond to an increase in the price of a good by demanding more of...
Do Consumer Price Subsidies Really Improve Nutrition?
Jensen, Robert T., Miller, Nolan
Many developing countries use food price subsidies or price controls to improve the nutrition of the poor. However, subsidizing goods on which households spend a high proportion of their budget can...
The Impact of the World Food Price Crisis on Nutrition in China
Jensen, Robert T., Miller, Nolan
World food prices have increased dramatically in recent years. We use panel data from 2006 to examine the impact of these increases on the consumption and nutrition of poor households in two Chinese...
Outcome Commitments in Third Party Intervention: Theory and Application to U.S. Policy in Iraq
This paper presents a model of strategic interaction in which a third party intervenes on behalf of a government in its conflict with insurgents. It examines whether it is better for the intervenor...
Demanding Customers: Consumerist Patients and Quality of Care
Fang, Hai, Miller, Nolan, Rizzo, John A., Zeckhauser, Richard
Consumerism arises when patients acquire and use medical information from sources apart from their physicians, such as the Internet and direct-to-patient advertising. Consumerism has been hailed as a...