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    Excerpt from Bloomberg -- "The baton has been passed from investment to consumption, according to Michael Spence, the Nobel laureate and economics professor at New York University’s Stern School of Business. China’s household consumption is increasing to about 50 percent, and that’s supporting relatively high-speed growth, he said in a speech in Beijing on Wednesday."
  • new york times logo feature
    Excerpt from The New York Times -- "One of the big trends in the United States is that firms are turning their backs on the stock market. That has a number of causes, but one of which I think is important is this notion of short-termism. This is the idea that managers feel pressured to change the way they run their firms when they go public."
  • bloomberg logo new
    Excerpt from Bloomberg -- "'It’s a validation that they can counter regulation that might be restrictive to their growth,' said Arun Sundararajan, professor at New York University’s business school who studies the sharing economy. 'Strategically, it’s a victory. Here’s a piece of regulation that wasn’t in Airbnb’s best interest and people have voted against it.'"
  • OZY logo
    Excerpt from OZY -- "'It’s an uphill battle,' in general, says Anindya Ghose, professor at NYU Stern School of Business, but that’s because no one’s cornered mobile yet, not even Google. ... Ghose adds that whoever wins at mobile search could win the revenue game too: Mobile advertising has a long way to go, but when companies nail it — which he figures will come in the form of hyperlocal ads that offer you coupons based on where you are — they might nail the industry."
  • luxury daily logo feature
    Excerpt from Luxury Daily -- "Mr. Alter identified five major external factors affecting consumer behavior: time, booms and busts, space, ego and hard times. Markets are attuned to the effect that time has on consumer behavior habits on a macro scale, gearing marketing differently toward people of different ages and interacting differently with long-time consumers compared to new ones. However, smaller factors, such as the second digit of a person’s age, are equally important."
  • Digiday logo
    Excerpt from Digiday -- "Adam Alter, a marketing and psychology professor at NYU Stern, said that customizable goods have the 'Ikea effect' — people are more attached to products they feel represent themselves. 'Anything that’s rare is going to be more popular,' said Alter. 'And when you make something yourself, you’re really going to love it.'"
  • cnbc logo feature
    Excerpt from CNBC -- "The one-child policy created several unintended consequences that have been distorting the Chinese economy. For example, China's limited social safety net meant that young Chinese face a lifetime of savings to care for themselves, their parents and their grandparents. And a Confucian preference for male offspring has led to a huge gender imbalance and a marriage market in which men and their families are in a financial savings arms race to attract a smaller potential pool of wives. As a consequence, China has one of the highest savings rates in the world, creating a massive over-investment headache."
  • voxeu logo feature
    Excerpt from Vox -- "Overall, our findings suggest that offering some basic level of copyright protection can increase both the quantity and quality of works that create revenue through repeat performances."
  • international financial law review logo
    Excerpt from International Financial Law Review -- "'I don’t think a lot of mergers will be challenged in 2016. But in 2017 there’s going to be a new US administration, whether Republican or Democrat, and that may well lead to questions over whether there will be a new attitude to enforcement,' said Lawrence J White, professor of economics at NYU Stern. 'My prediction would be there will be more enforcement challenges in 2017,' White added."
  • huffington post logo feature
    Excerpt from The Huffington Post -- "... when the government considers the imposition of safety targets, it must estimate the cost and balance that against the prospective benefit. To do this, officials estimate the "economic value of a statistical life" by examining questions of the following form: How much would a typical person be willing to pay to eliminate a mortality risk that is 1 in 50,000? An answer of $200 implies that the expected value of reducing one fatality is $10 million. Consistent with estimates in academic studies, the Department of Transportation currently uses a value of $9.4 million."
  • salon logo
    Excerpt from Salon -- "I’ve looked at the analysis that the city of San Francisco and Airbnb did on its impact on short-term rental availability, and the conclusion I drew was that there are other factors – the growth of the population, the widespread prevalence of rent control – that have had far greater impact on the shortage of affordable rental housing than Airbnb."
  • harvard business review logo feature
    Excerpt from Harvard Business Review -- "In the multi-stage study, consumers of various ages watched 37 real television ads from six different companies, spanning 15 brands in the lab. The researchers compared commonly used behavioral marketing research methods with a raft of neuromarketing techniques including eye-tracking, which reveals what captures people’s attention, facial emotion coding, which measures people’s ongoing emotional responses in real-time, biometrics such as heart rate, and neural measurements using electroencephalography (EEG) and fMRI. The goal was to see which source of data could most accurately predict the effect of advertising on sales, specifically the percentage change in sales due to a 1% change in advertising effort."
  • bloomberg logo new
    Excerpt from Bloomberg -- "Expectations for a December rise based on fed funds pricing have snapped back to 50 percent. That may be exactly where the Fed’s leadership wants to keep it when they speak Wednesday, said Kermit Schoenholtz, director of the Center for Global Economy and Business at the NYU Stern School of Business, because they still want to see incoming data before making a final decision. 'December is still on the table, but it’s premature for them to close the door one way or the other,' he said."
  • new china tv logo
    Excerpt from New China TV -- "One way to think about it is you can grow by getting more people working. You can grow by getting capital to workers. And you can grow by being more productive or innovative. And in China's case, the growth success over the last 30 or 40 years has been a combination of real innovation and technology on the ground. But it's also just been increasing roads, bridges, equipment and factories."
  • wall street journal logo feature
    Excerpt from The Wall Street Journal -- "In analyzing financial reports and quarterly conference calls at some 3,000 companies over the past 50 years, Baruch Lev, an accounting professor at New York University’s Stern School of Business, found that analysts have all but stopped asking about information in financial reports, like sales and earnings figures. They are now asking more questions about strategy and nonstandard metrics, such as customer churn or the impact of foreign currencies. 'The usefulness of financial information to investors decreased tremendously over the last 20 to 30 years,' Mr. Lev said, adding that companies don’t say enough about intangible assets, such as patents and brands, that can drive their business."
  • business insider logo feature
    Excerpt from Business Insider -- "'I think that Uber is easier to define through the traditional regulatory lens for the regulator. Uber is like taxi. There’s an immediate connection,' said Arun Sundararajan, an NYU professor and expert in the sharing economy. 'With Airbnb, it’s different. It’s sort of serving the needs that these hotels serve, but no one thinks of this room in their apartment being equivalent to a 100-room hotel.'"
  • financial times logo feature
    Excerpt from the Financial Times -- "Joshua Ronen, a professor of accounting at New York University’s Stern School of Business said the OFR’s study — which did not cite individual banks by name — showed that lenders with the lowest capital ratios were making the biggest quarter-end reductions."
  • barrons logo feature
    Excerpt from Barron's -- "'The stock market is a key component in whether China develops its wonderful tech companies or remains strait-jacketed by state-owned enterprises,' says Jennifer Carpenter, who specializes in the Chinese economy at New York University’s Stern School of Business."
  • economic times logo feature
    Excerpt from The Economic Times -- "'However, while taxes are the most effective technique reducing smoking rates, we find that this tool has a significant downside,' said Vishal Singh, from New York University. 'Because cigarette taxes are currently applied at the per pack level and without regard to nicotine levels, consumers may respond to increasing cigarette taxes by switching to higher nicotine products,' Singh said."
  • bloomberg view logo
    Excerpt from Bloomberg View -- "The estimate that cognitive function peaks at age 53 comes from a 2009 paper by Laibson, Sumit Agarwal, John C. Driscoll and Xavier Gabaix titled 'The Age of Reason: Financial Decisions over the Life Cycle and Implications for Regulation.' The four economists examined the fees and interest rates paid by thousands of borrowers in 10 different types of credit transactions, and found that, on average, such costs were minimized at age 53.3."
  • business times singapore logo feature
    Excerpt from Business Times Singapore -- "A 2014 Time magazine article claimed that compared to Singapore, 'no other place on earth has so engineered itself to prosper from globalisation - and succeeded at it'. The DHL Global Connectedness Index, which we first released in 2011 and have since updated regularly, confirms the Lion City to be a leader on several aspects of globalisation, but also identifies gaps in Singapore's globality."
  • project syndicate logo feature
    Excerpt from Project Syndicate -- "Only bold policies can halt Europe’s slide toward secular stagnation and nationalist populism. Timidity of the type witnessed in the past five years will only increase the risks. Failure to act decisively now will lead to the eventual failure of the peaceful, integrated, globalized, supra-national state that is the EU, and the rise of dystopian nationalist regimes."
  • bloomberg logo new
    Excerpt from Bloomberg -- "Lawrence White, an economics professor at New York University’s Stern School of Business, argues that sales to local buyers wouldn’t go far enough. The FTC will want a buyer that can replace the branded competition that Rite Aid is providing, possibly a large regional pharmacy with aspirations of going national, he said. 'It would have to be a viable party who could really take those multiple hundreds of stores and turn them into something that looks like Rite Aid,' said White. 'You’re losing the No. 3 player in an already pretty concentrated industry.'"
  • Inside Sources logo
    Excerpt from InsideSources -- "Nicholas Economides, an economics professor at NYU, was the only expert on hand to defend the regulations, which he said would bolster other areas of the Internet economy even if broadband investment declines. 'Network neutrality has facilitated businesses innovation 'at the edge of the Internet' without seeking approval from network operators,' Economides said. 'The decentralization of the Internet based on network neutrality fueled innovation resulting in big successes such as Google and Skype, as well as a myriad of smaller innovative companies.'"
  • the verge logo
    Excerpt from The Verge -- "Ratings systems fall along a continuum. They can be used to establish trust between customers and workers, but they can also be a way to enforce standards of service, said Arun Sundararajan, a professor at NYU’s Stern School of Business who studies digital platforms. 'It’s not helping customers make better choices by giving more information, it’s having a mechanism that allows automated customer feedback to identify workers who are subpar.' The rating systems used by on-demand platforms all have a disciplinary element."


Contact NYU Stern Public Affairs

If you're a member of the press, please contact Stern’s Office of Public Affairs at:

Phone: 212-998-0670
Fax: 212-995-4950

Or contact us directly:

Jessica Neville, Executive Director
(416) 516-7677;

Rika Nazem, Executive Director
(212) 998-0678;

Carolyn Ritter, Senior Associate Director
(212) 998-0624;

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