Publications

We examine the empirical evidence on the expectations hypothesis of the term structure of interest rates in the United States, the United Kingdom, and Germany using he Campbell-Shiller (1991) regressions and a vector-autoregressive methodology.…

The 1995-96 Medicare debate focused on the exhaustion of the Medicare Hospital Insurance (HI) Trust Fund by the year 2001 as the primary threat to the program. The Trust Fund is not the real problem. As the President suggested, that problem could…

From the writings of William James (1890) onwards, the construct of the social self has been widely employed in North American and European social psychology (see Markus & Cross, 1990 for a review). Many of the most influential theoretical…

This paper examines the relation between analysts’ information about a stock’s future prospects and their decisions to issue investment recommendations and earnings forecasts for that stock, and the implications of this relation for the observed…

 This paper examines the relation between analysts’ information about a stock’s future prospects and their decisions to issue investment recommendations and earnings forecasts for that stock, and the implications of this relation for the…

In this paper, we attempt to incorporate social status and regional affiliation — two variables of central sociological interest — into an economic analysis. We build on Scott Morton’s (1997) examination of entry and predation in the merchant…

Retailers are frequently uncertain about the underlying demand distribution of a new product. When taking the empirical Bayesian approach of Scarf (1959), they simultaneously stock the product over time and learn about the distribution. Assuming…

We blend network and organizational memory perspectives in a model of technology brokering that explains how an organization develops innovative products. The model is grounded in observations, interviews, informal conversations, and archived…

This paper models the information acquisition process in an intertemporal rational expectations framework. It demonstrates that equilibria do not generally exist in intertemporal economies in which agents are assumed to know the state-contingent…

This paper explores the social processes that underlie conformity with legitimate systems of classification. I address two weaknesses in research on such isomorphism: a failure to demonstrate that deviation from accepted practice generates…

This paper examines the question of whether the strongest organizations survive, distinguishing between two aspects of organizational strength. An organization can be strong, as measured by its survival chances. Or an organization can be…

The objective of this research is to assess the cross-cultural generalizability of persuasion effects predicted by dual process models. In two experiments, the impact of motivation, congruity of persuasive communication and the diagnosticity of…

We investigate the productivity effects of innovative employment practices using data from a sample of 36 homogeneous steel production lines owned by 17 companies. The productivity regressions demonstrate that lines using a set of innovative work…

The bureaucratic form of organization has proliferated throughout the industrialized world. It is the rare institution that does not evolve some sort of organizational hierarchy and division of labor once it attains a certain size…

Considerable research in consumer experimental psychology has examined the self-expressive role of brands, but has found little support for the premise that the interaction of the personality traits associated with a brand and those associated…

PAGE95 is a computer simulation model developed in 1992 for policy analysis of the global warming problem. This paper surveys key developments in understanding the global warming problem that have occurred since 1992. For example, anthropogenic…

Institutional investors, who now own a significant portion of equity in U.S. firms, are often described as transient and myopic owners with no incentives to involve themselves in governance. We examine the validity of this assertion by examining…

This essay asserts that, although qualitative methods now enjoy wide legitimacy among organizational researchers, there are still times when it is best to conceal or downplay the role that qualitative data played in developing an author’s ideas.…

We usually assume increases in supply, allocation by rationing, and exclusion of potential buyers will never raise prices. But all of these activities raise the expected price in an important set of cases when common-value assets are sold.…