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A Strict Paired Comparison Linear Programming Approach
Abstract available on PDF.
Supplier Switching Costs and Vertical Integration in the Automobile Industry
This paper tests a transactions cost theory of vertical integration using data from the U.S. automobile industry. Existing theory is first refined to take industrial know-how and its cost of transfer into account. A testable model is then…
The Effect of Time-Complementarity on Optimal Consumption-Investment Decisions
Abstract not available.
The Effects of Dividends on Common Stock Prices Tax Effects or Information Effects?
Abstract not available.
The Ex Ante and Ex Post Price Effects of Quarterly Earnings Announcements Reflected in Option and Stock Prices
The Ex Ante and Ex Post Price Effects of Quarterly Earnings Announcements Reflected in Options and Stock Prices
Abstract not available.
The Intraday Timing of Corporate Disclosures
This study examines firms’ behavior with respect to the systematic intraday timing of earnings and dividend announcements. In particular, it tests the hypothesis that good news is more likely to be released when the security markets are open…
The Learning Curve and Competition
This article develops a model of competitive interaction and industry evolution in the presence of a learning curve. The learning curve is a function relating the unit costs of the individual firm to accumulated volume. The responses of the model…
The Market for Knowhow and the Efficient International Transfer of Technology
This paper explores the nature of international technology transfer and the operation of the market for knowhow. It begins by examining the relationship between codification and transfer costs, and then moves on to analyze various imperfections…
The Metric Quality of Ordered Categorical Data
An index of metric quality for ordered categorical scales is proposed. The index is defined as the extent to which the ordered categorical measurement is linearly related to an underlying interval scaled measurement of the property. The index,…
The Multinational Enterprise: Market Failure And Market Power Considerations
Abstract not available.
The Multiregion Dynamic Capacity Expansion Problem: An Improved Heuristic
We consider the problem of determining a schedule of capacity expansions for m producing regions and a schedule of shipments from the regions to n markets so as to meet arbitrary market demands over a T-period planning horizon at minimum…
The Relation Between Forward Prices and Futures Prices
This paper consolidates the results of some recent work on the relation between forward prices and futures prices. It develops a number of propositions characterizing the two prices. These propositions contain several testable implications about…
The Sources of Labor Productivity Variation in U.S. Manufacturing, 1947-80
Because it concentrates on the co-movements of jointly determined endogenous variables, the traditional analysis of labor productivity does not directly address the question of the causes of productivity change. This problem is solved by a…
The Statistical Significance of Stepwise Regression Models Developed by Forward Selection: A Monte Carlo Calibration
Information for evaluating the statistical significance of stepwise regression models developed with a forward selection procedure is presented. Cumulative distributions of the adjusted coefficient of determination (R-2) under the null hypothesis…
A Unified Theory of Syndicates, Aggregation and Separation in Financial Markets
Abstract not available.
Vertical Integration and Risk Reduction
Abstract not available.
Optimal Liquidation of Assets in the Presence of Personal Taxes: Implications for Asset Pricing
New Products and Innovations: An Annotated Bibliography, Technical Report No. 65
Strategies Used by Working and Nonworking Wives to Reduce Time Pressures
There appear to be limited differences between employed and nonemployed wives in their use of strategies to relieve time pressures. Holding income and life-cycle stage constant, neither wives’ employment nor recent entry into the labor…