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A Comparison of the Skewness of Stock Return Distributions in Earnings Announcement and Non-Announcement Periods
This paper presents evidence that stock return prediction errors are less positively skewed in the time period surrounding accounting earnings report announcements than in a subsequent non-announcement period. Assuming that information available…
Competition, Compatibility and Standards: The Economics of Horses, Penguins and Lemmings
Competition and Mutualism Among Early Telephone Companies
Consistency, Structural Consistency, and Sequential Rationality
Cooperation in security dilemmas
Cost Accounting, Process Control, and Product Design
Cost Accounting and Cost Management in a Just-in-Time Environment
Just-in-Time (JIT) philosophy and methods are being adopted by many organizations. What are the important implications of JIT for cost accounting, cost management, and the role of management accountants in organizations? This paper examines these…
Cournot Duopoly with Two Production Periods
Design of Regulatory Mechanisms and Institutions
Abstract not available.
A Direct Aggregation Approach to Inferring Microparameters of the Koyck Advertising-Sales Relationship from Macro Data
This paper examines the advertising-sales relationship in the framework of the Koyck model. We note that if only macro (e.g., annual) data are available then it is necessary to approximate micro (e.g., monthly) data in order to minimize the “data…
Dynamic Process Improvement
This paper explores the economics of investing in gradual process improvement. We seek to understand better the economics of the well known Just-in-Time and Total Quality Control philosophies, both of which promote gradual technological…
Economic Rationales for Hierarchical Control
Abstract not available.
Effects of Brand Loyalty on Competitive Price Promotional Strategies
This paper analyzes the role played by brand loyalty in determining optimal price promotional strategies used by firms in a competitive setting. Our objective is to explain how loyalties toward the competing brands influence whether or not firms…
First-Mover Advantages
This article surveys the theoretical and empirical literature on mechanisms that confer advantages and disadvantages on first-mover firms. Major conceptual issues are addressed, and recommendations are given for future research. Managerial…
Helping the Group or Helping One's Self? Cognitive-Motivational Determinants of Cooperation in Resource Conservation Dilemmas
Abstract not available.
Hybrid Organizations as Strategic Alliances: Theoretical and Practical Issues in Organizational Combinations
The phenomenon of hybridization, through which two or more extant firms form a new firm, raises significant questions for both scholars and managers. This paper outlines the unique characteristics common to these strategic alliances and shows how…
Inequality and Labor Processes
Abstract not available.
Institutional Structure and the Logic of Ongoing Collective Action
Work by Axelrod, Hardin, and Taylor indicates that problems of repeated collective action may lessen if people use decentralized strategies of reciprocity to induce mutual cooperation. Hobbes’ centralized solution may thus be overrated. We…
Labor Relations and the Litigation Explosion
This book explores why the National Labor Relations Act, which was expected to produce greater agreement between labor and management over the conduct of labor relations, instead produced increasing litigation over alleged unfair labor practices…
Leadership Measure of Stanford MBAs
While in school, Stanford MBA students were given a test battery chosen to predict managerial potential. This battery included several instruments that attempt to measure leadership, Leadership Opinion questionnaire, McClelland’s Test of…