Publications

This paper presents an agency model in which one of several monitoring systems can be chosen. If the agent possesses private information about the firm’s production technology, the principal may rationally prefer to delegate the choice of the…

Abstract not available.

The paper presents a model which identifies entrepreneurial activity as a natural and integral part of the strategic process in large, established firms. A conceptual framework is proposed to help top management assess entrepreneurial business…

Several partners jointly own an asset that may be traded among them. Each partner has a valuation for the asset; the valuations are known privately and drawn independently from a common probability distribution. We characterize the set of all…

In contemporary marketing research product line interdependencies are largely ignored, though substantial empirical evidence exists that these phenomena are of considerable practical relevance. In the present paper it is argued that experiences…

A common finding in the literature is that systematic post-announcement drifts in security returns are associated with the sign or magnitude of unexpected earnings changes. This paper examines proposed explanations for these drifts. The paper…

Equity is used to define a set of organizational rules and procedures by which authority is legitimatized in bureaucracies. It is conceptualized in more abstract and functional terms by sociologists, anthropologists, and political…

Criteria for scaling beliefs and evaluations in the Fishbein model are considered, and a procedure is developed and illustrated for the proper test of multiplicative models. Hierarchical regression is shown to be a valid method for testing…

Expectancy-value models are analyzed in terms of their level of abstraction and the rules governing how beliefs and evaluations combine to produce an attitude. In addition, suggestions are made as to modes of operationalization and methods for…

f two variables that measure postschool investment-the years of labor market experience and the years of employer tenure. This investigation develops a better proxy for general human capital investments by hypothesizing that the intensity of…

Traditional prescriptions for making acquisitions ~work include aspects of both strategic and organizational fit. But, because some acquisitions continue to yield disappointing results, a different perspective may be useful. This paper provides…

In his 1980 Economic Journal article, Dixit concluded that a firm would never hold idle capacity to deter entry. We show that his result depends crucially on the special assumption that products are “strategic substitutes”, so that in Nash…

A two-period (0 and T) Arrow-Debreu economy is set up with a general model of uncertainty. We suppose that an equilibrium exists for this economy. The Arrow-Debreu economy is placed in a Radner (dynamic) setting; agents may trade claims at any…

Alternative reward structures under conditions of moral hazard are analyzed from a social welfare standpoint. We argue that social welfare judgments under uncertainty should incorporate ex post judgments; in particular, a distribution-sensitive…

A comparison is made between two alternatives for explaining family size decisions: a psychological model based on the individual utilities of the spouses and a social psychological model based on the husband-wife relationship. By use of higher…

Recently, Porteus (7) was motivated by the observation that the Japanese have devoted much time and energy to decreasing setup costs in their manufacturing processes and that there has been little in the way of a formal framework for thinking…

This paper is motivated by the observation that the Japanese have devoted much time and energy to decreasing setup costs in their manufacturing processes and that there has been little in the way of a formal framework available to use to think…

Abstract not available.

Abstract not available.

The nature of the relationship between labour force participation and fertility are examined for 172 families comprising a marriage cohort. The results show that labour force participation and fertility are spuriously related in that they are…