Shay Tsaban

The Centre Cannot Know: Decision Rights, Specific Knowledge, and the Ratings Pull in Corporate Well-Being Investment

Abstract Corporate investment in employee well-being is usually analysed as a problem of motive. Someone is assumed to want too little of it: shareholders discount it, managers divert it, boards tolerate its absence. This paper argues that the more consequential problem is positi...

Renting Intelligence: Vendor Concentration Risk and the Pricing of AI Dependency

Abstract A firm that puts artificial intelligence into a product must either license models from a provider or train and serve its own. Providers are widely reported to price inference below the cost of serving it, so a firm that rents holds an input priced by another company’s s...