We empower faculty to design and discover original research that challenges conventions and creates breakthroughs that push boundaries of knowledge.
Publication Types
Journal Articles
Books
Working Papers
Case Studies
Browse Publications
On the Distributional Conditions for A Consumption Oriented Three Moment CAPM
In this paper we develop sufficient conditions on probability distributions for a three moment (mean, variance, skewness) consumption oriented capital asset pricing model (CAPM) to price correctly a subset of assets. The assumptions that…
On the Measurement of Operating Exposure to Exchange Rates: A Conceptual Approach
Abstract not available.
Organization Culture
This five-part volume has two purposes: to explore the connections between culture inside and outside organizations, and to focus on a diverse range of methodologies useful in understanding organizational symbols, rituals, language, and…
Organizational Demography: Implications for Management
Abstract not available.
Parallel Systems: Redundancy in Government
Patents, Learning by Doing, and Market Structure in the Chemical Processing Industries
This paper analyzes propensity to patent and the effect of patented process innovations on output prices for a sample of 24 chemical products. Econometric count data models (Poisson and negative binomial) are used given the discrete nature of the…
Predictors of Business Success Over Two Decades: An MBA Longitudinal Study
Measurements collected on Stanford MBA students while they were working on their MBAs are used to predict management success through 20 years of their careers. Management success was operationalized as compensation which was measured at the…
Price Competition vs. Quantity Competition: The Role of Uncertainty
We analyze the Nash equilibria of a one-stage game in which the nature of the strategic variables (prices or quantities) is determined endogenously. Duopolists producing differentiated products simultaneously choose either a quantity to produce…
Price Operators: Extensions, Potentials, and the Markov Valuation of Securities
This paper provides properties of price operators, functions that map the payoff of a contingent claim to its market value as a function of the state of the economy. The principal objective is the construction of a Markov process under which the…
Price and Advertising Signals of Product Quality
We present a signaling model, based on ideas of Phillip Nelson, in which both the introductory price and the level of directly “uninformative” advertising or other dissipative marketing expenditures are choice variables and may be used as…
Reputation and Multiple Opponents
Abstract not available.
Reputation in Repeated Second Price Auctions
Often, the same set of bidders take part in a series of similar but independent auctions. If bidders draw inferences from the past behaviour of others, then the auctions cannot be analysed independently. In particular, this paper shows that it…
Researching the Service Consumer
In recent years a number of papers have attempted to use new concepts or methodologies to study the service consumer. Drawing from sociology, social psychology and environmental psychology these new approaches can supplement the insights attained…
A Resource Dependence Perspective on Intercorporate Relations
This paper discusses a resource dependence perspective on intercorporate relations, as contrasted with a class perspective. The topics covered include the major points of contrast and their implications.
Revenue Advantages in Rail-Barge Coordination
Abstract not available.
Salesforce Compensation Plans: An Agency Theoretic Perspective
A theory of salesforce compensation plans is presented where the sales of a product depend not only on the salesperson’s effort but also on the uncertainty in the selling environment. The firm chooses a compensation plan to maximize its profit…
Security Analyst Multi-Year Earnings Forecasts and the Capital Market
Shadow Pricing with Suboptimal Policy Rules
This paper aims to clarify different views on the validity of the Little-Mirrlees border price rule for project evaluation in a context where the Government chooses its controls suboptimally in a systematic fashion. The rule is shown to be valid…
A Signaling Model of Predatory Pricing
Abstract not available.