Publications

In this paper, we develop a conceptual framework to explore why particular technologies become elaborated and extended, while others are forsaken. The core of the framework is the role-based conception of the technological niche, which is…

This essay presents a sequential choice theory perspective on legislative organization as an alternative to social choice-based theories. Because of the sequential process of proposal-making and voting, sequential choice theory yields equilibrium…

Theory and methods from organizational ecology and the strategy field are combined to predict the dynamic consequences of strategic deterrence. A model is developed to investigate which strategies will prevail through an industry ‘shake out’ when…

The role of suspicion in the dispositional inference process is examined. Perceivers who are led to become suspicious of the motives underlying a target’s behavior appear to engage in more active and thoughtful attributional analyses than…

This paper provides perspectives on research on regulation, identifies an agenda of research topics, and discusses approaches to some of those topics. The focus is on a set of presently-identified issues on which social science research may be…

Tax systems around the world are designed to raise revenues in an equitable and efficient manner. While equity and efficiency are defined differently in various tax jurisdictions, most tax systems seek to implement a system of progressive tax…

The gains from exchange hypothesis of legislative organization predicts that legislative authority is allocated in accord with legislator’s extremity or intensity of preferences. By adopting such patterns of authority, it is claimed legislators…

Managed competition in health care is an idea that has evolved over two decades of research and refinement. It is defined as a purchasing strategy to obtain maximum value for consumers and employers, using rules for competition derived from…

There has been much conceptual discussion of the interfaces between manufacturing and marketing (Hausman and Montgomery, 1985) and manufacturing strategy and tactics (Hayes and Wheelwright, 1984); however there has been a dearth of empirical…

The paper presents a model which attempts to explain the underlying causes of the prolonged cycles observed in real estate markets. In addition, the paper characterizes the features which make some property types more prone to such boom and bust…

This paper investigates the statistical properties of high frequency nominal exchange rates and forward premiums in the context of a dynamic two-country general equilibrium model. Primary focus is on the persistence, variability, leptokurtosis…

Traditional multiperiod models of asset markets assume that traders take the information filtration as given. This paper explores the effect of endogenizing the arrival of information on the dynamic completeness of markets. It is shown that if an…

A limitation of the collective choice approach to the study of resource allocation through political institutions is the absence of a method capable of providing predictions of behavior and outcomes over a range of choice problems. The prevailing…

A spatial theory of unified and divided government yields comparative statements about gridlock—the tendency of policies to remain unchanged in specified governmental and partisan regimes. An application of the theory to recent political history…

This paper examines U.S. equity flows to emerging stock markets in the 1978.1-1991.3 period. We draw four main conclusions from this analysis. First, despite the recent increase in U.S. equity investment in emerging stock markets, the U.S.…