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A Theory of Intraday Patterns: Volume and Price Variability
This article develops a theory in which concentrated-trading patterns arise endogenously as a results of the strategic behavior of liquidity traders and informed traders. Our results provide a partial explanation for some of the recent empirical…
A Theory of Intraday Trading Patterns: Volume and Price Variability
This paper develops a theory in which concentrated trading patterns arise endogenously, as a result of the strategic behavior of liquidity traders and informed traders. Our results provide a partial explanation for some of the recent empirical…
Turnout and the Calculation of Swing Ratios
A perennial topic of interest among legislative scholars is the relationship between votes won by parties in the electoral arena and seats won in the legislative arena. In studying this relationship scholars rely on a common concept—the swing…
Unbundling of Industrial Systems
This paper examines the bundling strategy for a firm which sells an industrial system. Such a system consists of several distinct components which must be used together in order for the overall system to be operational. Examples include computer…
Untangling the Relationship between Displayed Emotions and Organizational Sales: The Case of Convenience Stores
It has been proposed that the emotions expressed by role occupants influence the behavior of others. We hypothesized a positive relationship between employees’ display of pleasant emotions to customers and sales in retail stores and tested that…
Designing effective work groups (Review)
The article reviews the book “Designing Effective Work Groups,” by Paul S. Goodman.
Learning From Strategic Success and Failure
Organizations facing complex, ambiguous, and dynamic environments find adaptive learning a key to survival and success. This study proposes three models of organization response in such environments: 1) A model of how aspiration levels or goals…
Culture Change: An Integration of Three Different Views
In this article we integrate three disparate views of culture and cultural change. With each view comes a distinct set of implications about the nature, scope, source(s), and consequences of culture change. Each view also suggests distinct…
Lessons to Learn from the Japanese...or Else
A Simultaneous Approach to Market Segmentation and Market Structuring
The authors define a market segment to be a group of consumers homogeneous in terms of the probabilities of choosing the different brands in a product class. Because the vector of choice probabilities is homogeneous within segments and…
A Black Hole: Ambiguity in Organizational Cultures
This paper begins with a discussion of the wild ceremonial dances of Australian aborigines. It then proceeds, after a brief diversion into definitional matters to discuss elements of four organizational cultures:
- The U.S. Department…
Stochastic Equilibria with Incomplete Financial Markets
Existence of Competitive Equilibria for Option Markets
In a general equilibrium model with options, Polemarchakis and Ku (1986) give an example of an economy where no competitive equilibrium exists. Their model is robust in the sense that slight changes of the parameters of the economy does not lead…
Adapting a Cost Accounting System to Just-In-Time Manufacturing
An Approach to Track Within-Segment Shifts in Market Share
Most approaches to examining the effects of marketing variables on market shares treat the market as a single aggregate. It would be managerially more useful to examine the marketing effects at the segment level. A market segment is defined in…
Bargaining in Legislatures
Abstract not available.
Comparing the Predictive Powers of Alternative Multiple Regression Models
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