Publications

Six studies explored the hypothesis that third parties are averse to resolving preference disputes with winner-take-all solutions when disputing factions belong to different social categories (e.g. gender, nationality, firms, etc.) versus the…

This paper uses social movement theory to examine one way in which secondary stakeholders outside the corporation may influence organizational processes, even if they are excluded from participating in legitimate channels of organizational change…

In a variety of industries ranging from agriculture to electronics and oil, procurement takes place through a combination of bilateral fixed-price contracts and open market trading among supply chain participants, which allows them to improve…

This article characterizes a supply function equilibrium in an auction market constrained by limited capacities of links in a transportation network and limited input/output capacities of participants. The formulation is adapted to a wholesale…

This paper shows how the intraday allocation and pricing of overnight loans of federal funds reflect the decentralized interbank market in which these loans are traded. A would-be borrower or lender typically finds a counterparty institution by…

The purpose of this study is to investigate the relationship between technological capabilities and firm performance. We divide technological capabilities into two types refinement capability, which involves the improvement of the existing asset…

We investigate why new, high-risk technologies can attract excessive and often unprofitable investment. We develop an equilibrium model in which rational, risk-averse agents overinvest in a risky technology, possibly to the point that its…

This article estimates the effects of dividends on consumption and the implied effects of the 2003 dividend tax cuts. “The Effect of Dividends on Consumption” was a paper presented at the Brookings Panel on Economic Activity on March 29 and 30,…

In October 2005, in an auditorium filled to capacity, Wal-Mart President and CEO Lee Scott made the company’s first speech to be broadcast to 1.6 million employees in all 6,000+ stores worldwide — and shared with its 60,000+ suppliers. Scott…

This special issue contains six papers that address a variety of practical research process questions. The papers explore how theory and method inevitably interact in particular organization and management studies. Here we offer an overview of…

Recent work in political economics has examined the positive relationship between legislative size and spending, which Weingast et al. (1981) formalized as the law of 1/n. However, empirical tests of this theory have produced a pattern of…

Telephone services are often characterized by the presence of ‘fixed’ plans, involving only a fixed monthly fee, as well as ‘measured’ plans, with both fixed fees and per-unit charges for usage. Consumers are faced with the decisions of which…

U.S. executive compensation traditionally relies on stock options that vest over time. Recently, however, a growing number of institutional investors have called for the use of performance-vested options that link vesting to the achievement of…

We examine whether a large shareholder can alleviate conflicts of interest between managers and shareholders through the credible threat of exit on the basis of private information. In our model the threat of exit often reduces agency costs, but…

We describe social psychology’s major research findings on metacognition. Although metacognitive ideas have been applied to various topics in social judgment, we focus on some of the most heavily researched areas of social psychology in which the…

We provide the impact on asset prices of search-and-bargaining frictions in over-the-counter markets. Under certain conditions, illiquidity discounts are higher when counterparties are harder to find, when sellers have less bargaining power, when…

The authors propose that individual differences in assertiveness play a critical role in perceptions about leaders. In contrast to prior work that focused on linear effects, the authors argue that individuals seen …