Details about Gustavo Manso

Access statistics for papers by Gustavo Manso.

Last updated 2026-09-14. Update your information in the RePEc Author Service.

Short-id: pma3668

Working Papers

2026

1. The Impact of Connectivity on the Production and Diffusion of Knowledge
   Papers, arXiv.org

2024

2. The Streetlight Effect in Data-Driven Exploration
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)

2023

3. Biased auctioneers
   CFS Working Paper Series, Center for Financial Studies (CFS)
   See also Journal Article Biased Auctioneers, Journal of Finance, American Finance Association (2023) (2023)

2020

4. Machines and Masterpieces: Predicting Prices in the Art Auction Market
   Working Papers, HAL View citations (1)
   Also in HEC Research Papers Series, HEC Paris (2019) View citations (1)

2019

5. Machine learning, human experts, and the valuation of real assets
   CFS Working Paper Series, Center for Financial Studies (CFS) View citations (10)

2012

6. NIH Peer Review: Challenges and Avenues for Reform
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2011

7. Feedback Effects of Credit Ratings
   2011 Meeting Papers, Society for Economic Dynamics View citations (8)
   See also Journal Article Feedback effects of credit ratings, Journal of Financial Economics, Elsevier (2013) View citations (87) (2013)
8. Information Percolation in Segmented Markets
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)
   Also in Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2010) View citations (18)
   See also Journal Article Information percolation in segmented markets, Journal of Economic Theory, Elsevier (2014) View citations (37) (2014)

2010

9. Incentives to Innovate and the Decision to Go Public or Private
   CEPR Discussion Papers, Centre for Economic Policy Research View citations (32)
   See also Journal Article Incentives to Innovate and the Decision to Go Public or Private, The Review of Financial Studies, Society for Financial Studies (2014) View citations (137) (2014)

2009

10. Incentives and Creativity: Evidence from the Academic Life Sciences
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (14)
    See also Journal Article Incentives and creativity: evidence from the academic life sciences, RAND Journal of Economics, RAND Corporation (2011) View citations (297) (2011)
11. Information Percolation with Equilibrium Search Dynamics
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (94)
    See also Journal Article Information Percolation With Equilibrium Search Dynamics, Econometrica, Econometric Society (2009) View citations (89) (2009)
12. Is Pay-For-Performance Detrimental to Innovation?
    Department of Economics, Working Paper Series, Department of Economics, Institute for Business and Economic Research, UC Berkeley View citations (17)
    See also Journal Article Is Pay for Performance Detrimental to Innovation?, Management Science, INFORMS (2013) View citations (269) (2013)
13. Obfuscation, Learning, and the Evolution of Investor Sophistication
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
    See also Journal Article Obfuscation, Learning, and the Evolution of Investor Sophistication, The Review of Financial Studies, Society for Financial Studies (2011) View citations (71) (2011)
14. The Relative Contributions of Private Information Sharing and Public Information Releases to Information Aggregation
    Swiss Finance Institute Research Paper Series, Swiss Finance Institute View citations (1)
    Also in Research Papers, Stanford University, Graduate School of Business (2009) View citations (1)
    See also Journal Article The relative contributions of private information sharing and public information releases to information aggregation, Journal of Economic Theory, Elsevier (2010) View citations (9) (2010)
15. When Does Libertarian Paternalism Work?
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (5)

2008

16. Information Percolation
    2008 Meeting Papers, Society for Economic Dynamics
    See also Journal Article Information Percolation, American Economic Journal: Microeconomics, American Economic Association (2010) View citations (23) (2010)

2006

17. Syndication and Robust Collusion in Financial Markets
    Textos para discussão, Department of Economics PUC-Rio (Brazil)

Journal Articles

2025

1. Household debt overhang and human capital investment
   Journal of Financial Economics, 2025, 172, (C) View citations (2)

2023

2. Biased Auctioneers
   Journal of Finance, 2023, 78, (2), 795-833
   See also Working Paper Biased auctioneers, CFS Working Paper Series (2023) (2023)
3. Heterogeneous Innovation over the Business Cycle
   The Review of Economics and Statistics, 2023, 105, (5), 1224-1236 View citations (8)
4. Recommendations with Feedback
   The Review of Financial Studies, 2023, 36, (2), 501-533 View citations (1)

2021

5. Innovation Search Strategy and Predictable Returns
   Management Science, 2021, 67, (2), 1109-1137 View citations (31)
6. Shareholder Litigation and Corporate Innovation
   Management Science, 2021, 67, (6), 3346-3367 View citations (54)

2017

7. Independent boards and innovation
   Journal of Financial Economics, 2017, 123, (3), 536-557 View citations (281)
8. Macroeconomic Risk and Debt Overhang
   The Review of Corporate Finance Studies, 2017, 6, (1), 1-38 View citations (19)

2016

9. Experimentation and the Returns to Entrepreneurship
   The Review of Financial Studies, 2016, 29, (9), 2319-2340 View citations (118)

2015

10. Reprint of: Information percolation in segmented markets
    Journal of Economic Theory, 2015, 158, (PB), 838-869 View citations (9)

2014

11. Incentives to Innovate and the Decision to Go Public or Private
    The Review of Financial Studies, 2014, 27, (1), 256-300 View citations (137)
    See also Working Paper Incentives to Innovate and the Decision to Go Public or Private, CEPR Discussion Papers (2010) View citations (32) (2010)
12. Information percolation in segmented markets
    Journal of Economic Theory, 2014, 153, (C), 1-32 View citations (37)
    See also Working Paper Information Percolation in Segmented Markets, NBER Working Papers (2011) View citations (7) (2011)

2013

13. Feedback effects of credit ratings
    Journal of Financial Economics, 2013, 109, (2), 535-548 View citations (87)
    See also Working Paper Feedback Effects of Credit Ratings, 2011 Meeting Papers (2011) View citations (8) (2011)
14. Is Pay for Performance Detrimental to Innovation?
    Management Science, 2013, 59, (7), 1496-1513 View citations (269)
    See also Working Paper Is Pay-For-Performance Detrimental to Innovation?, Department of Economics, Working Paper Series (2009) View citations (17) (2009)
15. Libertarian Paternalism, Information Production, and Financial Decision Making
    The Review of Financial Studies, 2013, 26, (9), 2204-2228 View citations (24)
16. National Institutes of Health Peer Review: Challenges and Avenues for Reform
    Innovation Policy and the Economy, 2013, 13, (1), 1 - 22 View citations (4)
    See also Chapter National Institutes of Health Peer Review: Challenges and Avenues for Reform, NBER Chapters, 2012, 1-21 (2012) (2012)

2011

17. Governance Through Trading and Intervention: A Theory of Multiple Blockholders
    The Review of Financial Studies, 2011, 24, (7), 2395-2428 View citations (328)
18. Incentives and creativity: evidence from the academic life sciences
    RAND Journal of Economics, 2011, 42, (3), 527-554 View citations (297)
    See also Working Paper Incentives and Creativity: Evidence from the Academic Life Sciences, NBER Working Papers (2009) View citations (14) (2009)
19. Motivating Innovation
    Journal of Finance, 2011, 66, (5), 1823-1860 View citations (794)
20. Obfuscation, Learning, and the Evolution of Investor Sophistication
    The Review of Financial Studies, 2011, 24, (3), 754-785 View citations (71)
    See also Working Paper Obfuscation, Learning, and the Evolution of Investor Sophistication, NBER Working Papers (2009) View citations (1) (2009)

2010

21. Information Percolation
    American Economic Journal: Microeconomics, 2010, 2, (1), 100-111 View citations (23)
    See also Working Paper Information Percolation, 2008 Meeting Papers (2008) (2008)
22. Performance-Sensitive Debt
    The Review of Financial Studies, 2010, 23, (5), 1819-1854 View citations (64)
23. The relative contributions of private information sharing and public information releases to information aggregation
    Journal of Economic Theory, 2010, 145, (4), 1574-1601 View citations (9)
    See also Working Paper The Relative Contributions of Private Information Sharing and Public Information Releases to Information Aggregation, Swiss Finance Institute Research Paper Series (2009) View citations (1) (2009)

2009

24. Information Percolation With Equilibrium Search Dynamics
    Econometrica, 2009, 77, (5), 1513-1574 View citations (89)
    See also Working Paper Information Percolation with Equilibrium Search Dynamics, Swiss Finance Institute Research Paper Series (2009) View citations (94) (2009)

2008

25. Investment Reversibility and Agency Cost of Debt
    Econometrica, 2008, 76, (2), 437-442 View citations (19)

2007

26. Information Percolation in Large Markets
    American Economic Review, 2007, 97, (2), 203-209 View citations (76)

Chapters

2020

1. Comment on Digitization and Its Consequences for Creative-Industry Product and Labor Markets
   A chapter in The Role of Innovation and Entrepreneurship in Economic Growth, 2020, pp 424-429

2012

2. National Institutes of Health Peer Review: Challenges and Avenues for Reform
   A chapter in Innovation Policy and the Economy, Volume 13, 2012, pp 1-21
   See also Journal Article National Institutes of Health Peer Review: Challenges and Avenues for Reform, University of Chicago Press (2013) View citations (4) (2013)

2011

3. Incentives for Innovation: Bankruptcy, Corporate Governance, and Compensation Systems
   Chapter 5 in Handbook on Law, Innovation and Growth, 2011 View citations (6)