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A Political Perspective on Careers: Interests, Networks, and Environments
Abstract not available.
Power Functions of Some Common Regression Tests
This paper reviews and extends nonnull distribution results for ratios of normal quadratic forms found in R2S, F-tests, and likelihood ratio criteria. The extensions cover misspecified regression models and models with normal scale mixture errors…
Regulatory Incentive Mechanisms, Commitment, and Political Action
Abstract not available.
A Robust Approach to Thurstone Scaling
This paper presents an approach for determining unidimensional scale estimates that are relatively insensitive to limited inconsistencies in paired comparisons data. The solution procedure, shown to be a minimum cost network flow problem, is…
Salesforce Compensation Plans: A Dynamic Perspective
The agency theory approach to understanding salesforce compensation plans is extended to incorporate the intertemporal nature of the salesperson’s efforts decision, e.e., the effort can potentially change depending on the sales performance up to…
Seasonality in Consumption-Based Asset Pricing: An Analysis of Linear Models
This paper examines linear asset pricing models using aggregate consumption data which are not seasonally-adjusted. Portfolio returns exhibit more diverse and often stronger consumption correlations and the parameters of representative-agent…
Security Markets: Stochastic Models
This is a graduate level work covering the economic principles of security markets. Interested readers include students and researchers in economics and finance, as well as financial analysts following the latest theoretical developments in…
Selling and Trading on Information in Financial Markets
Service-Induced Campaign Contributions, Incumbent Shirking, and Reelection Opportunities
Abstract not available.
Stochastic Inventory Theory
Inventory theory deals with the management of stock levels of goods, with the intent of effectively meeting demands for those goods. We say the demands for goods are made by buyers and are met by sellers, regardless of whether monetary exchange…
Sunspot-like Effects of Random Endowments
Abstract not available.
Tests of Asset Pricing Models with Changing Expectations
This paper studies time-variation in the expected returns of common stocks, using linear models with constant “beta” coefficients and the methodology of Gibbons and Ferson. We examine individual stocks and portfolios formed on the basis of firm…
The Causal Attributions of Depressives: Self-Serving or Self-Disserving?
The Complexity of Computing a Best Response Automaton in Repeated Games with Mixed Strategies
I examine the complexity of computing a best response automaton in a two-person repeated game when there is uncertainty about the automaton selected by the other player. There are two versions of this problem: 1. Finding a best response automaton…
The Dynamics of Consumer Response to Price and Promotion
This research examines the nature of dynamic consumer response to point-of-purchase pricing and promotional activity. The authors begin with the premise that consumers form expectations about future pricing and promotion based on their exposure…
The Economics of Modern Manufacturing: Products, Technology and Organization
Abstract not available.
The Impact of Store Brands on Manufacturer Trade Deals and Retail Price Promotion
In this research, we examine the nature of promotional pricing activity by manufacturer and retailer. We analyze the relationship as a single period sequential game between a manufacturer offering a single brand A and an independent retailer who…
The Learning Curve, Technology Barriers to Entry, and Competitive Survival in the Chemical Processing Industries
This paper evaluates entry and survival rates in a sample of 39 chemical product industries. The analysis focuses on learning-based cost advantages potentially held by incumbent firms. A logit model of entry gives no evidence that entry decisions…
The Role of Statistics in Accounting, Marketing, Finance, and Production
Theory and the Practice of Managed Competition in Health Care Finance
These lectures review the research and experience on the subject of health care economy. The author also sets down a moderately rigorous statement of the economic concepts underlying the kind of competition that he regards as the most promising…
